Civic Intelligence

Claritas Classical Academy

990 • Fiscal year 2016 • EIN 45-5191650

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 27, 2016

15 Sunnys WayNewtown Square, PA 19073

(610) 325-3545

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

81st percentile

0.17x

Higher debt load relative to assets than 81% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

84th percentile

0.14x

Higher debt load relative to revenue than 84% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

79th percentile

23%

Higher net margin than 79% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

83rd percentile

$20,000

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

84th percentile

48%

Faster asset growth than 84% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

26th percentile

-17%

Faster revenue growth than 26% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$177,660

Up $57,989 (+48%) from 2015

Net Assets

Up

$147,019

Up $50,515 (+52%) from 2015

Liabilities

Up

$30,641

Up $7,474 (+32%) from 2015

Revenue

Down

$224,691

Down $46,687 (-17%) from 2015

Expenses

Up

$174,125

Up $21,077 (+14%) from 2015

Net Income

Down

$50,566

Down $67,764 (-57%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0-$200KAssets 2014: $1,984Liabilities 2014: $23,411Net Assets 2014: -$21,4272014Assets 2015: $119,671Liabilities 2015: $23,167Net Assets 2015: $96,5042015Assets 2016: $177,660Liabilities 2016: $30,641Net Assets 2016: $147,0192016Assets 2017: $306,083Liabilities 2017: $11,896Net Assets 2017: $294,1872017Assets 2018: $398,217Liabilities 2018: $86,121Net Assets 2018: $312,0962018Assets 2019: $361,625Liabilities 2019: $35,123Net Assets 2019: $326,5022019Assets 2020: $359,775Liabilities 2020: $43,430Net Assets 2020: $316,3452020Assets 2021: $476,373Liabilities 2021: $46,658Net Assets 2021: $429,7152021Assets 2022: $480,380Liabilities 2022: $7,345Net Assets 2022: $473,0352022Assets 2023: $528,994Liabilities 2023: $8,533Net Assets 2023: $520,4612023Assets 2024: $478,541Liabilities 2024: $8,129Net Assets 2024: $470,4122024

Highlighted filing

2016

Assets$177,660
Liabilities$30,641
Net Assets$147,019

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2014: $119,097Expenses 2014: $141,858Net Income 2014: -$22,7612014Revenue 2015: $271,378Expenses 2015: $153,048Net Income 2015: $118,3302015Revenue 2016: $224,691Expenses 2016: $174,125Net Income 2016: $50,5662016Revenue 2017: $336,201Expenses 2017: $190,215Net Income 2017: $145,9862017Revenue 2018: $207,560Expenses 2018: $189,603Net Income 2018: $17,9572018Revenue 2019: $262,614Expenses 2019: $265,998Net Income 2019: -$3,3842019Revenue 2020: $261,652Expenses 2020: $272,578Net Income 2020: -$10,9262020Revenue 2021: $361,206Expenses 2021: $280,447Net Income 2021: $80,7592021Revenue 2022: $378,425Expenses 2022: $280,438Net Income 2022: $97,9872022Revenue 2023: $393,029Expenses 2023: $354,050Net Income 2023: $38,9792023Revenue 2024: $394,031Expenses 2024: $454,361Net Income 2024: -$60,3302024

Highlighted filing

2016

Revenue$224,691
Expenses$174,125
Net Income$50,566
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 27, 2016
Return Version
2015v3.0
Gross Receipts
$224,691
Mission and Program Overview

Mission

We assist homeschooling families in achieving meaningful and lasting success in their home education program by using a Classical model of education in a Christian community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$71,374$134,931▲ $63,557
Savings and Temporary Cash Investments$31,348$31,355▲ $7
Accounts Receivable$14,429$10,374▼ $4,055
Prepaid Expenses and Deferred Charges$2,520$1,000▼ $1,520
Other Notes and Loans Receivable, Net$0--
Pledges and Grants Receivable$0--
Receivable From Disqualified Prsn$0--
Receivables From Officers Etc$0--
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0--
Intangible Assets$0--
Inventories for Sale or Use$0--
Loans From Officers Directors$0--
Total Assets$119,671$177,660▲ $57,989
Other Assets Total$0--
Liabilities
Deferred Revenue$18,940$24,910▲ $5,970
Accounts Payable and Accrued Expenses$4,227$5,731▲ $1,504
Grants Payable$0--
Mortgage Notes Payable Secured by Investment Property$0--
Unsecured Notes Loans Payable$0--
Escrow Account Liability$0--
Tax Exempt Bond Liabilities$0--
Total Liabilities$23,167$30,641▲ $7,474
Net Assets / Fund Balance
Unrestricted Net Assets$96,504$147,019▲ $50,515
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$96,504$147,019▲ $50,515
Total Liabilities and Net Assets / Fund Balance$119,671$177,660▲ $57,989
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Holly SchrockExecutive DirectorPT$20,000$20,000

Board Members and Trustees

NameTitle
Jay OberdorfChair
Eric SchrockVice Chair
Amy SpauldingBoard Member
Rebecca PalmerBoard Member
Scott BuckoBoard Member
Christopher SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$60,176
Program Service Revenue
$164,506
Investment Income
$9
Other Revenue
$0
All Other Contributions
$58,374
Change in Net Assets
$50,566
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$118,693
Other Expenses$55,432
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$87,660-$0$87,660
Current Officers, Directors, Trustees, and Key Employees-$20,000$0$20,000
Payroll Taxes$8,811$2,222$0$11,033
Occupancy$5,000$0$0$5,000
Office Expenses$0$4,448$0$4,448
Insurance$0$4,036$0$4,036
Information Technology$0$265$0$265
Fees for Services Accounting$0$200$0$200
Other Expenses$0$163$0$163
Total Functional Expenses$142,791$31,334$0$174,125
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0--
Receivables from Disqualified Persons$0--
Receivables from Officers, Directors, Trustees, and Key Employees$0--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Holly Schrock (Executive Director) and Eric Schrock (Board Member) are married

Form 990, Part VI, Section A, Line 8B

Committees do not have authority to act on behalf of the Board of Directors

Form 990, Part VI, Section B, Line 11B

Board members are emailed a draft version of the Form 990

Form 990, Part VI, Section B, Line 12C

The Board Chair reminds members of the conflict of interest policy on an annual basis.

Form 990, Part VI, Section B, Line 15

The salary for the Executive Director is determined by the board annually after evaluation the budget and comparable wages for similar nonprofit organizations. The last evaluation was completed in 2015.

Form 990, Part VI, Section C, Line 19

Documents are available upon request in writing or by email. Documents will be delivered by email or by mail after receipt of a reasonable copying and shipping fee.

Filing and Contact Details

Filer

Filer Name
Claritas Classical Academy
EIN
45-5191650
Phone
6103253545
Address
15 Sunnys Way, Newtown Square, PA 19073

Signing Officer

Name
Christopher Smith
Title
Treasurer
Phone
6103253545
Signed
2016-11-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Holly Schrock
Formed
2012
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
6
Employees
14
Volunteers
20

Preparer

Firm
Carol L Topp CPA
Address
10288 Amberwood Ct, Cincinnati, OH 45241
Preparer
Carol Topp
Phone
5137778342
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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt031348
IRS990/SavingsAndTempCashInvstGrp/EOYAmt031355
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt050064
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt08000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt058064
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt058374
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt018000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt013500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt089874
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt09
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt08
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt018
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0166308
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0153370
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0105596
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt087599
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt09900
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0522773
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt09
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt08
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt018
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0554583
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt050064
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt08000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt058064
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt00
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IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt00
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IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0224682
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0171370
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0119096
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt087599
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt09900
IRS990ScheduleA/Total509Grp/TotalAmt0612647
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0224691
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0171378
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0119097
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt087599
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt09900
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0612665
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Holly Schrock (Executive Director) and Eric Schrock (Board Member) are married
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Committees do not have authority to act on behalf of the Board of Directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board members are emailed a draft version of the Form 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board Chair reminds members of the conflict of interest policy on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The salary for the Executive Director is determined by the board annually after evaluation the budget and comparable wages for similar nonprofit organizations. The last evaluation was completed in 2015.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Documents are available upon request in writing or by email. Documents will be delivered by email or by mail after receipt of a reasonable copying and shipping fee.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00

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