Civic Intelligence

Canton College Preparatory School

990 • Fiscal year 2016 • EIN 46-0604802

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 08, 2017

2200 Tuscarawas St ECanton, OH 44707

(216) 453-4558

Siviq Scores

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

Liabilities / Assets

98th percentile

1.89x

Higher debt load relative to assets than 98% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

87th percentile

1.39x

Higher debt load relative to revenue than 87% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

14th percentile

-23%

Higher net margin than 14% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

88th percentile

34%

Faster asset growth than 88% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

80th percentile

25%

Faster revenue growth than 80% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,774,398

Up $445,960 (+34%) from 2015

Net Assets

Down

-$1,579,664

Down $546,863 (-53%) from 2015

Liabilities

Up

$3,354,062

Up $992,823 (+42%) from 2015

Revenue

Up

$2,408,681

Up $481,807 (+25%) from 2015

Expenses

Up

$2,955,544

Up $495,054 (+20%) from 2015

Net Income

Down

-$546,863

Down $13,247 (-2.5%) from 2015

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2014: $225,670Liabilities 2014: $786,900Net Assets 2014: -$561,2302014Assets 2015: $1,328,438Liabilities 2015: $2,361,239Net Assets 2015: -$1,032,8012015Assets 2016: $1,774,398Liabilities 2016: $3,354,062Net Assets 2016: -$1,579,6642016Assets 2017: $1,837,339Liabilities 2017: $3,853,126Net Assets 2017: -$2,015,7872017Assets 2018: $1,406,935Liabilities 2018: $3,804,892Net Assets 2018: -$2,397,9572018Assets 2019: $971,714Liabilities 2019: $3,485,459Net Assets 2019: -$2,513,7452019Assets 2020: $730,214Liabilities 2020: $3,513,005Net Assets 2020: -$2,782,7912020Assets 2021: $1,439,217Liabilities 2021: $4,070,217Net Assets 2021: -$2,631,0002021Assets 2022: $4,699,781Liabilities 2022: $6,748,044Net Assets 2022: -$2,048,2632022Assets 2023: $4,944,187Liabilities 2023: $6,554,457Net Assets 2023: -$1,610,2702023Assets 2024: $5,104,470Liabilities 2024: $6,620,806Net Assets 2024: -$1,516,3362024

Highlighted filing

2016

Assets$1,774,398
Liabilities$3,354,062
Net Assets-$1,579,664

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $901,778Expenses 2014: $1,463,008Net Income 2014: -$561,2302014Revenue 2015: $1,926,874Expenses 2015: $2,460,490Net Income 2015: -$533,6162015Revenue 2016: $2,408,681Expenses 2016: $2,955,544Net Income 2016: -$546,8632016Revenue 2017: $2,661,522Expenses 2017: $3,097,645Net Income 2017: -$436,1232017Revenue 2018: $2,058,998Expenses 2018: $1,873,993Net Income 2018: $185,0052018Revenue 2019: $2,821,362Expenses 2019: $2,937,150Net Income 2019: -$115,7882019Revenue 2020: $3,485,638Expenses 2020: $3,279,684Net Income 2020: $205,9542020Revenue 2021: $3,982,673Expenses 2021: $3,830,882Net Income 2021: $151,7912021Revenue 2022: $4,881,504Expenses 2022: $4,298,767Net Income 2022: $582,7372022Revenue 2023: $5,882,695Expenses 2023: $5,444,702Net Income 2023: $437,9932023Revenue 2024: $6,565,718Expenses 2024: $6,471,784Net Income 2024: $93,9342024

Highlighted filing

2016

Revenue$2,408,681
Expenses$2,955,544
Net Income-$546,863
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 8, 2017
Return Version
2015v3.0
Gross Receipts
$2,408,681
Mission and Program Overview

Mission

Our vision is to create a culture of high expectations for behavior and academics through rigorous, research-based curricula and a focus on achievement. It is our goal that Canton College Preparatory School scholars will attend a college preparatory high school and ultimately gain acceptance to and graduate from a four year college. It is our expectation that 100% of Canton College Preparatory School graduates will positively affect change in their local communities while making a contribution to our global society.

The mission of Canton College Preparatory School is to prepare students for a college preparatory high school that will ensure success and graduation from a four-year college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$146,197$60,831▼ $85,366
Accounts Receivable$47,603$34,895▼ $12,708
Prepaid Expenses and Deferred Charges$14,243$11,000▼ $3,243
Cash and Non-Interest-Bearing Accounts$5,098$1,407▼ $3,691
Total Assets$1,328,438$1,774,398▲ $445,960
Other Assets Total$1,115,297$1,666,265▲ $550,968
Liabilities
Other Liabilities$1,251,931$2,427,652▲ $1,175,721
Unsecured Notes Loans Payable$755,100$542,131▼ $212,969
Accounts Payable and Accrued Expenses$354,208$384,279▲ $30,071
Total Liabilities$2,361,239$3,354,062▲ $992,823
Net Assets / Fund Balance
Permanently Rstr Net Assets$146,197$60,831▼ $85,366
Temporarily Rstr Net Assets$0$11,000▲ $11,000
Unrestricted Net Assets$-1,178,998$-1,651,495▼ $472,497
Total Net Assets Fund Balance$-1,032,801$-1,579,664▼ $546,863
Total Liabilities and Net Assets / Fund Balance$1,328,438$1,774,398▲ $445,960

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$1$46,366$0
Land$0-$0
Equipment$34,488$47,476$0
Leasehold Improvements$26,342$218,250$0
Other Assets Org$1,666,265--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carlos LatimerBoard Chairman
Brian KenderesBoard Member
Lee FieldsBoard Member
Paula Logan-ReidBoard Member
Robert ParinaBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
I CAN SchoolsManagement Services21100 Southgate Park Boulevard, Suite 108, Maple Heights, OH 44137$411,424
Tri State Central Canton Ltd PartnershipRent4150 Belden Village St NW, Canton, OH 44718$152,936
Revenue and Support

Revenue Composition

Contributions and Grants
$2,408,681
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,408,681
Change in Net Assets
$-546,863
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,496,085
Other Expenses$1,459,459
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$867,493--$867,493
Other Employee Benefits$628,592--$628,592
Fees for Services Management$411,424--$411,424
Occupancy$255,821--$255,821
Fees for Services Other$244,537--$244,537
Other Expenses$157,410$0$0$157,410
Depreciation Depletion$113,381--$113,381
Fees for Services Legal$12,000--$12,000
Insurance$7,731--$7,731
Office Expenses$6,768--$6,768
Fees for Services Accounting$6,105--$6,105
Advertising$5,752--$5,752
Travel$1,219--$1,219
Total Functional Expenses$2,955,544$0$0$2,955,544
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$2,056,337
LT Notes Payable$231,033
Deferred Inflows of Resources$140,282
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The school contracted with a management company, ICAN Schools, to provide certain operational and management functions.

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

The Form 990 is prepared and reviewed by the fiscal officer. After the review of the Form 990, it is provided to the Board of Director's legal counsel for review. Once completed, it is then provided to the Board President for approval and back to the fiscal officer for signature and filing.

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

The Board of Director's, in conjunction with their legal counsel, consistently review compliance with federal and state regulations. In addition, the school is continuously monitored by its sponsor to ensure compliance with laws and regulations.

Form 990, Part VI, Section C, Line 19

The school's governing documents, conflict of interest policy, and financial statements are maintained by its legal counsel and fiscal officer and may be provided upon request.

Filing and Contact Details

Filer

Filer Name
Canton College Preparatory School
EIN
46-0604802
Phone
2164534558
Address
2200 Tuscarawas St E, Canton, OH 44707

Signing Officer

Name
David Massa
Title
Treasurer
Phone
3305150572
Signed
2017-02-08

Organization Details

Principal Officer
C David Massa
Formed
2013
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
35
Volunteers
0
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IRS990/Desc0The curriculum at Canton College Preparatory School consists of 120 minutes of daily instruction in Reading and Mathematics and at least 60 minutes of Writing and Social Sciences. Our research-based program is aligned to the Ohio Common Core and is enhanced through a set of common instructional strategies that promote oral reading fluency, vocabulary, effective questioning, and reading comprehension across all content areas. Lesson objectives, vocabulary and homework are communicated to families via a syllabus that is sent home on a weekly basis giving our students and families a true feeling of a college-going learning environment.
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IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt034488
IRS990ScheduleD/EquipmentGrp/DepreciationAmt047476
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt081964
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt026342
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0218250
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0244592
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01666265
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows of Resources
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt046366
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt046367
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02056337
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1231033
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2140282
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LT Notes Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Deferred Inflows of Resources
IRS990ScheduleD/TotalBookValueLandBuildingsAmt060831
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01666265
IRS990ScheduleD/TotalLiabilityAmt02427652
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The school provides a parent student handbook that describes their policies regarding discrimination as well as any literature that is sent to the public includes a statement about such policies.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The school is a community school in Ohio and does not provide scholarships or financial assistance as a public school.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 4
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The school contracted with a management company, ICAN Schools, to provide certain operational and management functions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is prepared and reviewed by the fiscal officer. After the review of the Form 990, it is provided to the Board of Director's legal counsel for review. Once completed, it is then provided to the Board President for approval and back to the fiscal officer for signature and filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Director's, in conjunction with their legal counsel, consistently review compliance with federal and state regulations. In addition, the school is continuously monitored by its sponsor to ensure compliance with laws and regulations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The school's governing documents, conflict of interest policy, and financial statements are maintained by its legal counsel and fiscal officer and may be provided upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt011000
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01328438
IRS990/TotalAssetsEOYAmt01774398
IRS990/TotalAssetsGrp/BOYAmt01328438
IRS990/TotalAssetsGrp/EOYAmt01774398
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02408681
IRS990/TotalEmployeeCnt035
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02955544
IRS990/TotalFunctionalExpensesGrp/TotalAmt02955544
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02361239
IRS990/TotalLiabilitiesEOYAmt03354062
IRS990/TotalLiabilitiesGrp/BOYAmt02361239
IRS990/TotalLiabilitiesGrp/EOYAmt03354062
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1032801
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1579664
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt02955544
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02408681
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01328438
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01774398
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt01219
IRS990/TravelGrp/TotalAmt01219
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1178998
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1651495
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0755100
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0542131
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0219 E Maple St Ste 202
IRS990/USAddress/CityNm0North Canton
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044720
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd01
ReasonableCauseExplanation/ExplanationTxt0The school waited for final audited financial statements prior to filing the Form 990.
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0David Massa
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum03305150572
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Canton College Preparatory School
ReturnHeader/Filer/BusinessNameControlTxt0CANT
ReturnHeader/Filer/EIN0460604802
ReturnHeader/Filer/PhoneNum02164534558
ReturnHeader/Filer/USAddress/AddressLine1Txt02200 Tuscarawas St E
ReturnHeader/Filer/USAddress/CityNm0Canton
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH

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