Civic Intelligence

Canton College Preparatory School

990 • Fiscal year 2018 • EIN 46-0604802

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 10, 2019

2200 Tuscarawas St ECanton, OH 44707

(216) 453-4558

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$1,406,935

Flat from 2018

Net Assets

Flat

-$2,397,957

Flat from 2018

Liabilities

Flat

$3,804,892

Flat from 2018

Revenue And Expenses

Revenue

Flat

$2,058,998

Flat from 2018

Expenses

Flat

$1,873,993

Flat from 2018

Net Income

Flat

$185,005

Flat from 2018

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 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

2018

Assets$1,406,935
Liabilities$3,804,892
Net Assets-$2,397,957

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 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

2018

Revenue$2,058,998
Expenses$1,873,993
Net Income$185,005
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 10, 2019
Return Version
2017v2.0
Gross Receipts
$2,058,998
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
Cash and Non-Interest-Bearing Accounts$77,939$35,161▼ $42,778
Pledges and Grants Receivable$49,322$33,944▼ $15,378
Prepaid Expenses and Deferred Charges$12,212$33,638▲ $21,426
Accounts Receivable$36,000$21,637▼ $14,363
Land, Buildings, and Equipment, Net$27,433$16,303▼ $11,130
Total Assets$1,839,522$1,406,935▼ $432,587
Other Assets Total$1,636,616$1,266,252▼ $370,364
Liabilities
Other Liabilities$3,499,054$2,678,253▼ $820,801
Accounts Payable and Accrued Expenses$343,963$686,339▲ $342,376
Unsecured Notes Loans Payable$579,467$440,300▼ $139,167
Total Liabilities$4,422,484$3,804,892▼ $617,592
Net Assets / Fund Balance
Permanently Rstr Net Assets$27,433$16,303▼ $11,130
Temporarily Rstr Net Assets$12,212$0▼ $12,212
Unrestricted Net Assets$-2,622,607$-2,414,260▲ $208,347
Total Net Assets Fund Balance$-2,582,962$-2,397,957▲ $185,005
Total Liabilities and Net Assets / Fund Balance$1,839,522$1,406,935▼ $432,587

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$1$46,366$0
Land$0-$0
Equipment$0$244,592$0
Leasehold Improvements$16,302$80,262$0
Other Assets Org$1,266,252--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Audra JonesBoard Member
Brian KenderesBoard Member
Erica PenickBoard Member
Kevin RayBoard Member
Paula Logan-ReidBoard Member
Robert ParinaBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Accel Schools LLCManagement Services4700 Rockside Road, Suite 108, Independence, OH 44131$372,500
Tri State Central Canton Ltd PartnershipRent4150 Belden Village St NW, Canton, OH 44718$256,601
Arlenes CuisineStudent Food Service2956 McKinley Ave, Columbus, OH 43204$137,041
Revenue and Support

Revenue Composition

Contributions and Grants
$2,058,998
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,058,998
Change in Net Assets
$185,005

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,058,998
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$2,058,998
Total Revenue per Form 990
$2,058,998
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,402,457
Salaries, Compensation, and Employee Benefits$471,536
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$715,164--$715,164
Fees for Services Management$372,500--$372,500
Occupancy$274,163--$274,163
Office Expenses$174,463--$174,463
Fees for Services Other$74,283--$74,283
Interest$68,279--$68,279
Other Expenses$67,818$0$0$67,818
Depreciation Depletion$25,731--$25,731
Fees for Services Accounting$25,525--$25,525
All Other Expenses$25,514--$25,514
Advertising$18,587--$18,587
Fees for Services Legal$8,801--$8,801
Travel$264--$264
Other Employee Benefits$-243,628--$-243,628
Total Functional Expenses$1,873,993$0$0$1,873,993

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,873,993
Total Expenses per Audited Statements$1,873,993
Total Expenses per Form 990$1,873,993
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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$1,736,896
Deferred Inflows of Resources$407,619
Net Benefit Liability$349,955
Long Term Debt$183,783
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
2019-04-10

Organization Details

Principal Officer
C David Massa
Formed
2013
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
6
Employees
31
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/MissionDesc0Our 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.
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IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01556197
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-436123
IRS990/PYSalariesCompEmpBnftPaidAmt01541448
IRS990/PYTotalExpensesAmt03097645
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02661522
IRS990/ReconcilationRevenueExpnssAmt0185005
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02058998
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0244592
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0244592
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01873993
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt016302
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt080262
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt096564
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01266252
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows of Resources
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt046366
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt046367
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01736896
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1349955
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2183783
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3407619
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net Benefit Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Long Term Debt
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Deferred Inflows of Resources
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02058998
IRS990ScheduleD/TotalBookValueLandBuildingsAmt016303
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01266252
IRS990ScheduleD/TotalExpensesPerForm990Amt01873993
IRS990ScheduleD/TotalLiabilityAmt02678253
IRS990ScheduleD/TotalRevenuePerForm990Amt02058998
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02058998
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01873993
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/BOYAmt012212
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01839522
IRS990/TotalAssetsEOYAmt01406935
IRS990/TotalAssetsGrp/BOYAmt01839522
IRS990/TotalAssetsGrp/EOYAmt01406935
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02058998
IRS990/TotalEmployeeCnt031
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01873993
IRS990/TotalFunctionalExpensesGrp/TotalAmt01873993
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04422484
IRS990/TotalLiabilitiesEOYAmt03804892
IRS990/TotalLiabilitiesGrp/BOYAmt04422484
IRS990/TotalLiabilitiesGrp/EOYAmt03804892
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2582962
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2397957
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.10$6.62$1.52$6.57$6.47$0.09
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.94$6.55$1.61$5.88$5.44$0.44
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.70$6.75$2.05$4.88$4.30$0.58
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.44$4.07$2.63$3.98$3.83$0.15
2020Detailed filing. Detailed filing data is available for this year.$0.73$3.51$2.78$3.49$3.28$0.21
2019Detailed filing. Detailed filing data is available for this year.$0.97$3.49$2.51$2.82$2.94$0.12
2018Detailed filing. Detailed filing data is available for this year.$1.41$3.80$2.40$2.06$1.87$0.19
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.41$3.80$2.40$2.06$1.87$0.19
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.84$3.85$2.02$2.66$3.10$0.44
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.77$3.35$1.58$2.41$2.96$0.55
2015Detailed filing. Detailed filing data is available for this year.$1.33$2.36$1.03$1.93$2.46$0.53
2014Detailed filing. Detailed filing data is available for this year.$0.23$0.79$0.56$0.90$1.46$0.56