Civic Intelligence

Profectus Learning Systems Inc

990 • Fiscal year 2014 • EIN 46-0546450

Jan 01, 2014 to Dec 31, 2014 • Filed on May 11, 2015

Organization ProfileN/A
2771-29 Monument RdJacksonville, FL 32225

(904) 610-1927

Siviq Scores

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

Liabilities / Assets

61st percentile

0.21x

Higher debt load relative to assets than 61% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

56th percentile

0.15x

Higher debt load relative to revenue than 56% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

93rd percentile

55%

Higher net margin than 93% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

100th percentile

13618%

Faster asset growth than 100% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

100th percentile

1922%

Faster revenue growth than 100% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$3,350,039

Up $3,325,618 (+13618%) from 2013

Net Assets

Up

$2,659,073

Up $2,635,297 (+11084%) from 2013

Liabilities

Up

$690,966

Up $690,321 (+107027%) from 2013

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin93rd percentile

Revenue

Up

$4,618,803

Up $4,390,385 (+1922%) from 2013

Expenses

Up

$2,076,173

Up $1,869,240 (+903%) from 2013

Net Income

Up

$2,542,630

Up $2,521,145 (+11734%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2013: $24,421Liabilities 2013: $645Net Assets 2013: $23,7762013Assets 2014: $3,350,039Liabilities 2014: $690,966Net Assets 2014: $2,659,0732014Assets 2015: $1,513,988Liabilities 2015: $238,251Net Assets 2015: $1,275,7372015

Highlighted filing

2014

Assets$3,350,039
Liabilities$690,966
Net Assets$2,659,073
Open 2014 Filing

Operations Trend

Revenue Growth100th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $228,418Expenses 2013: $206,933Net Income 2013: $21,4852013Revenue 2014: $4,618,803Expenses 2014: $2,076,173Net Income 2014: $2,542,6302014Revenue 2015: $3,596,171Expenses 2015: $4,979,507Net Income 2015: -$1,383,3362015

Highlighted filing

2014

Revenue$4,618,803
Expenses$2,076,173
Net Income$2,542,630
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 11, 2015
Return Version
2014v5.0
Gross Receipts
$4,618,803
Mission and Program Overview

Mission

Charter schools in duval county-

Charter Schools in Duval County- Profectus Learning Systems' mission is to provide underserved students with a rigorous college preparatory curriculum that will prepare them for college, shape character, develop leadership skills and create independent thinkers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,753$2,293,793▲ $2,292,040
Savings and Temporary Cash Investments$1,003$876,487▲ $875,484
Cash and Non-Interest-Bearing Accounts$21,665$178,202▲ $156,537
Total Assets$24,421$3,350,039▲ $3,325,618
Other Assets Total-$1,557-
Liabilities
Mortgage Notes Payable Secured by Investment Property-$650,000-
Accounts Payable and Accrued Expenses$645$40,966▲ $40,321
Total Liabilities$645$690,966▲ $690,321
Net Assets / Fund Balance
Unrestricted Net Assets$23,776$2,659,073▲ $2,635,297
Total Net Assets Fund Balance$23,776$2,659,073▲ $2,635,297
Total Liabilities and Net Assets / Fund Balance$24,421$3,350,039▲ $3,325,618

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,850,638--
Other Land Buildings$5,521--
Land$300,000--
Equipment$137,634--
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Cleve WarrenChairman
Barbara DarbySecretary
Gregory OwensTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,614,589
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$4,214
All Other Contributions
$4,048,883
Change in Net Assets
$2,542,630
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,387,778
Salaries, Compensation, and Employee Benefits$688,395
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$278,357$305,052$0$583,409
Advertising$7,379$547,695$0$555,074
All Other Expenses$310,762$165,899$0$476,661
Occupancy$42,367$123,402$0$165,769
Other Employee Benefits$832$62,020$0$62,852
Other Expenses$35,023$17,000$0$52,023
Payroll Taxes$20,589$21,545$0$42,134
Insurance$2,481$24,658$0$27,139
Travel$200$6,944$0$7,144
Fees for Services Legal$3,101$500$0$3,601
Total Functional Expenses$772,791$1,303,382$0$2,076,173
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes
Filing and Contact Details

Filer

Filer Name
Profectus Learning Systems Inc
EIN
46-0546450
Phone
9046101927
Address
2771-29 Monument Rd, Jacksonville, FL 32225

Signing Officer

Name
Cleve Warren
Title
Chairman
Phone
9046101927
Signed
2015-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cleve Warren
Formed
2012
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
25
Volunteers
0

Preparer

Firm
Darryl R Jackson CPA Pa
Address
101 EAST UNION STREET SUITE 400, JACKSONVILLE, FL 32202
Preparer
Darryl R Jackson
Phone
9046338099
Supplemental Narrative

Additional Explanations

Pt VI, Line 3

“Management decisions have been delegated to J.R. Dexter, Inc.”

Pt VI, Line 11B

“A draft of the return is circulated to management for their review.”

Pt VI, Line 12C

“Annually, a COI disclosure form is sent to management.”

Pt VI, Line 15A

“The compensation committee reviews officer salaries annually.”

Pt VI, Line 15B

“The compensation committee reviews staff salaries annually.”

Pt XI

“Beginning net assets adjusted for Valor Schools equity.”

Form 990, Part IX, Line 24F

“Repairs & maint. 55139. 22031. 33108. 0. Utilities 56090. 7661. 48429. 0. Supplies 127280. 51318. 75962. 0. Miscellaneous 602. 602. 0. 0. Equipment rental 9544. 9544. 0. 0. Furniture, fixtures 149623. 149623. 0. 0. Speech therapy 1313. 1313. 0. 0. Staff training 3622. 3622. 0. 0. Other purch. Services 12464. 11064. 1400. 0. Consulting 0. 0. 0. 0. Student transportation 60984. 53984. 7000. 0. Contract services 0. 0. 0. 0.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION OPERATES A CHARTER SCHOOL IN THE STATE OF FLORIDA THAT HAS A CONTRACT WITH DUVAL COUNTY SCHOOL BOARD. THE ORGANIZATION'S POLICY IS CONSISTENT WITH DUVAL COUNTY SCHOOL BOARD'S NONDISCRIMINATION POLICY AND IS ALSO PUBLISHED ON THE ORGANIZATION'S WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S RIGHT TO GOVERNMENTAL FUNDS HAS NEVER BEEN SUSPENDED.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Annually, a COI disclosure form is sent to management.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The compensation committee reviews officer salaries annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The compensation committee reviews staff salaries annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Beginning net assets adjusted for Valor Schools equity.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6REPAIRS & MAINT. 55139. 22031. 33108. 0. UTILITIES 56090. 7661. 48429. 0. SUPPLIES 127280. 51318. 75962. 0. MISCELLANEOUS 602. 602. 0. 0. EQUIPMENT RENTAL 9544. 9544. 0. 0. FURNITURE, FIXTURES 149623. 149623. 0. 0. SPEECH THERAPY 1313. 1313. 0. 0. STAFF TRAINING 3622. 3622. 0. 0. OTHER PURCH. SERVICES 12464. 11064. 1400. 0. CONSULTING 0. 0. 0. 0. STUDENT TRANSPORTATION 60984. 53984. 7000. 0. CONTRACT SERVICES 0. 0. 0. 0.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15b
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0772791
IRS990/TotalFunctionalExpensesGrp/TotalAmt02076173
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0645
IRS990/TotalLiabilitiesEOYAmt0690966
IRS990/TotalLiabilitiesGrp/BOYAmt0645
IRS990/TotalLiabilitiesGrp/EOYAmt0690966
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt023776
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02659073
IRS990/TotalProgramServiceExpensesAmt0772791
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04214
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04618803
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt024421
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03350039
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt06944
IRS990/TravelGrp/ProgramServicesAmt0200
IRS990/TravelGrp/TotalAmt07144
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt023776
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02659073
IRS990/USAddress/AddressLine1Txt03061 Sunset Landing Dr
IRS990/USAddress/CityNm0Jacksonville
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032226
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CLEVE WARREN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum09046101927
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Profectus Learning Systems Inc
ReturnHeader/Filer/BusinessNameControlTxt0PROF
ReturnHeader/Filer/EIN0460546450
ReturnHeader/Filer/PhoneNum09046101927
ReturnHeader/Filer/USAddress/AddressLine1Txt02771-29 Monument Rd
ReturnHeader/Filer/USAddress/CityNm0Jacksonville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032225
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DARRYL R JACKSON CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0101 EAST UNION STREET SUITE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JACKSONVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032202
ReturnHeader/PreparerPersonGrp/PhoneNum09046338099
ReturnHeader/PreparerPersonGrp/PreparationDt02015-10-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DARRYL R JACKSON
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-10-01T12:33:23-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,350,039
Liabilities
$690,966
Net assets
$2,659,073
Revenue
$4,618,803
Expenses
$2,076,173
Net income
$2,542,630
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.51$0.24$1.28$3.60$4.98$1.38
2014Detailed filing. Detailed filing data is available for this year.$3.35$0.69$2.66$4.62$2.08$2.54
2013Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.23$0.21$0.02