Civic Intelligence

Visible Men Academy Inc.

990 • Fiscal year 2015 • EIN 46-0930264

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 03, 2015

Organization ProfileVMACADEMY.ORG

View Organization Page

921 63rd Ave EastBradenton, FL 34203

(941) 758-7588

Siviq Scores

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

Liabilities / Assets

55th percentile

0.14x

Higher debt load relative to assets than 55% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

30th percentile

0.04x

Higher debt load relative to revenue than 30% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

44th percentile

1.0%

Higher net margin than 44% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

77th percentile

$120,000

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

23rd percentile

-4.7%

Faster asset growth than 23% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

47th percentile

2.1%

Faster revenue growth than 47% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$444,941

Down $22,121 (-4.7%) from 2014

Net Assets

Up

$382,262

Up $18,728 (+5.2%) from 2014

Liabilities

Down

$62,679

Down $40,849 (-39%) from 2014

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin44th percentile

Revenue

Up

$1,789,220

Up $37,585 (+2.1%) from 2014

Expenses

Up

$1,770,492

Up $334,209 (+23%) from 2014

Net Income

Down

$18,728

Down $296,624 (-94%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$1.5M$1.0M$500K$0Assets 2013: $117,281Liabilities 2013: $69,099Net Assets 2013: $48,1822013Assets 2014: $467,062Liabilities 2014: $103,528Net Assets 2014: $363,5342014Assets 2015: $444,941Liabilities 2015: $62,679Net Assets 2015: $382,2622015Assets 2016: $605,939Liabilities 2016: $73,305Net Assets 2016: $532,6342016Assets 2017: $573,784Liabilities 2017: $55,311Net Assets 2017: $518,4732017Assets 2018: $800,278Liabilities 2018: $64,529Net Assets 2018: $735,7492018Assets 2019: $555,536Liabilities 2019: $73,886Net Assets 2019: $481,6502019Assets 2020: $913,026Liabilities 2020: $294,827Net Assets 2020: $618,1992020Assets 2021: $999,656Liabilities 2021: $58,403Net Assets 2021: $941,2532021Assets 2022: $1,409,211Liabilities 2022: $209,597Net Assets 2022: $1,199,6142022Assets 2023: $737,362Liabilities 2023: $181,995Net Assets 2023: $555,3672023Assets 2024: $1,008,405Liabilities 2024: $131,538Net Assets 2024: $876,8672024Assets 2025: $1,317,185Liabilities 2025: $288,060Net Assets 2025: $1,029,1252025

Highlighted filing

2015

Assets$444,941
Liabilities$62,679
Net Assets$382,262
Open 2015 Filing

Operations Trend

Revenue Growth47th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $387,401Expenses 2013: $339,219Net Income 2013: $48,1822013Revenue 2014: $1,751,635Expenses 2014: $1,436,283Net Income 2014: $315,3522014Revenue 2015: $1,789,220Expenses 2015: $1,770,492Net Income 2015: $18,7282015Revenue 2016: $1,856,245Expenses 2016: $1,705,873Net Income 2016: $150,3722016Revenue 2017: $1,617,013Expenses 2017: $1,631,174Net Income 2017: -$14,1612017Revenue 2018: $2,074,603Expenses 2018: $1,857,327Net Income 2018: $217,2762018Revenue 2019: $1,792,976Expenses 2019: $2,047,075Net Income 2019: -$254,0992019Revenue 2020: $1,927,469Expenses 2020: $1,790,920Net Income 2020: $136,5492020Revenue 2021: $2,299,645Expenses 2021: $1,976,591Net Income 2021: $323,0542021Revenue 2022: $2,262,476Expenses 2022: $2,004,115Net Income 2022: $258,3612022Revenue 2023: $1,342,433Expenses 2023: $1,986,680Net Income 2023: -$644,2472023Revenue 2024: $2,318,508Expenses 2024: $1,997,008Net Income 2024: $321,5002024Revenue 2025: $2,316,291Expenses 2025: $2,164,033Net Income 2025: $152,2582025

Highlighted filing

2015

Revenue$1,789,220
Expenses$1,770,492
Net Income$18,728
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 3, 2015
Return Version
2014v5.0
Gross Receipts
$1,789,220
Mission and Program Overview

Mission

The mission of VMA is to provide boys, from low-income communities, with outstanding academic, character, and social education in a nurturing school environment. The purpose is to deliver a high-quality educational experience that meets the specific needs of at-risk elementary school aged boys through the collaborative efforts of administrators, teachers, parents, the broader community, and the students themselves.

To operate a public charter school in manatee county, florida.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$190,637$291,522▲ $100,885
Pd in Cap Srpls Land Bldg Eqp Fund$190,637$291,522▲ $100,885
Cash and Non-Interest-Bearing Accounts$263,810$137,115▼ $126,695
Rtn Earn Endowment Incm Other Fnds$172,897$90,740▼ $82,157
Prepaid Expenses and Deferred Charges$12,600$16,246▲ $3,646
Accounts Receivable$15$58▲ $43
Total Assets$467,062$444,941▼ $22,121
Liabilities
Accounts Payable and Accrued Expenses$103,528$62,679▼ $40,849
Total Liabilities$103,528$62,679▼ $40,849
Net Assets / Fund Balance
Total Net Assets Fund Balance$363,534$382,262▲ $18,728
Total Liabilities and Net Assets / Fund Balance$467,062$444,941▼ $22,121

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$133,483$27,876-
Leasehold Improvements$158,039$11,031-
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Neil P PhillipsPrincipal/CEOFT$120,000$120,000

Board Members and Trustees

NameTitle
Steve LobelBoard Chair
Alex ChavezMember
Alicia ChalmersMember
Chris CarleMember
Felice SchulanerMember
Philip a Brown IiiMember
William JohnstonMember
Revenue and Support

Revenue Composition

Contributions and Grants
$1,098,617
Program Service Revenue
$683,110
Investment Income
$0
Other Revenue
$7,493
All Other Contributions
$728,574
Change in Net Assets
$18,728
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,770,492
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$413,562$449,908$0$863,470
Depreciation Depletion$23,374$0$0$23,374
Other Expenses$15,846$0$0$15,846
Interest$1,716$0$0$1,716
Total Functional Expenses$1,320,584$449,908$0$1,770,492
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
Audit committee
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
No
Filing and Contact Details

Filer

Filer Name
Visible Men Academy Inc
EIN
46-0930264
Phone
9417587588
Address
921 63RD AVE EAST, BRADENTON, FL 34203

Signing Officer

Name
Neil P Phillips
Title
Principal
Phone
9417587588
Signed
2015-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Neil P Phillips
Formed
2012
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
18
Volunteers
10

Preparer

Firm
Robert Walker CPA PA
Address
2803 W Busch Blvd Ste 106, Tampa, FL 33618
Preparer
Robert Walker CPA
Phone
8136248643
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The 990 is prepared by an independent cpa firm and a draft is provided to the finance committee for review. The final 990 is provided to the board prior approval.”

Pt VI, Line 12C

“At each board meeting, the agenda is notated to remind board members to recuse from voting on anitem that may be a conflict of interest.”

Pt VI, Line 15A

“The principal/ceo is paid in accordance with the school district's pay scale and is approved by the board of directors on an annual basis.”

Pt VI, Line 15B

“SAME AS PT VI, 15A”

Form 990, Part IX, Line 24F

“Instructional-related technology 2802. 2802. 0. 0. Board 65139. 0. 65139. 0. General administration 217237. 0. 217237. 0. School administration 335064. 167532. 167532. 0. Facilities 53185. 53185. 0. 0. Fiscal services 19478. 19478. 0. 0. Food services 12388. 12388. 0. 0. Pupil transportation 70953. 70953. 0. 0. Operation of plant 63502. 63502. 0. 0. Maintenance of plant 400. 400. 0. 0. Community service 22822. 22822. 0. 0. Pupil personnel services 500. 500. 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/ExplanationTxt1RECEIVES GRANTS THROUGH THE FLORIDA DEPT OF EDUCATION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND A DRAFT IS PROVIDED TO THE FINANCE COMMITTEE FOR REVIEW. THE FINAL 990 IS PROVIDED TO THE BOARD PRIOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT EACH BOARD MEETING, THE AGENDA IS NOTATED TO REMIND BOARD MEMBERS TO RECUSE FROM VOTING ON ANITEM THAT MAY BE A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRINCIPAL/CEO IS PAID IN ACCORDANCE WITH THE SCHOOL DISTRICT'S PAY SCALE AND IS APPROVED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SAME AS PT VI, 15A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INSTRUCTIONAL-RELATED TECHNOLOGY 2802. 2802. 0. 0. BOARD 65139. 0. 65139. 0. GENERAL ADMINISTRATION 217237. 0. 217237. 0. SCHOOL ADMINISTRATION 335064. 167532. 167532. 0. FACILITIES 53185. 53185. 0. 0. FISCAL SERVICES 19478. 19478. 0. 0. FOOD SERVICES 12388. 12388. 0. 0. PUPIL TRANSPORTATION 70953. 70953. 0. 0. OPERATION OF PLANT 63502. 63502. 0. 0. MAINTENANCE OF PLANT 400. 400. 0. 0. COMMUNITY SERVICE 22822. 22822. 0. 0. PUPIL PERSONNEL SERVICES 500. 500. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0467062
IRS990/TotalAssetsEOYAmt0444941
IRS990/TotalAssetsGrp/BOYAmt0467062
IRS990/TotalAssetsGrp/EOYAmt0444941
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01098617
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0449908
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01320584
IRS990/TotalFunctionalExpensesGrp/TotalAmt01770492
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0103528
IRS990/TotalLiabilitiesEOYAmt062679
IRS990/TotalLiabilitiesGrp/BOYAmt0103528
IRS990/TotalLiabilitiesGrp/EOYAmt062679
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0363534
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0382262
IRS990/TotalProgramServiceExpensesAmt01320584
IRS990/TotalProgramServiceRevenueAmt0683110
IRS990/TotalReportableCompFromOrgAmt0120000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0690603
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01789220
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0467062
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0444941
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0921 63RD AVE E
IRS990/USAddress/CityNm0BRADENTON
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd034203
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0VMACADEMY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NEIL P PHILLIPS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRINCIPAL
ReturnHeader/BusinessOfficerGrp/PhoneNum09417587588
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VISIBLE MEN ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0VISI
ReturnHeader/Filer/EIN0460930264
ReturnHeader/Filer/PhoneNum09417587588
ReturnHeader/Filer/USAddress/AddressLine1Txt0921 63RD AVE EAST
ReturnHeader/Filer/USAddress/CityNm0BRADENTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd034203
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Robert Walker CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02803 W Busch Blvd Ste 106
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Tampa
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033618
ReturnHeader/PreparerPersonGrp/PhoneNum08136248643
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT WALKER CPA
ReturnHeader/ReturnTs02015-12-10T07:46:59-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$444,941
Liabilities
$62,679
Net assets
$382,262
Revenue
$1,789,220
Expenses
$1,770,492
Net income
$18,728
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.32$0.29$1.03$2.32$2.16$0.15
2024Detailed filing. Detailed filing data is available for this year.$1.01$0.13$0.88$2.32$2.00$0.32
2023Detailed filing. Detailed filing data is available for this year.$0.74$0.18$0.56$1.34$1.99$0.64
2022Detailed filing. Detailed filing data is available for this year.$1.41$0.21$1.20$2.26$2.00$0.26
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$0.06$0.94$2.30$1.98$0.32
2020Detailed filing. Detailed filing data is available for this year.$0.91$0.29$0.62$1.93$1.79$0.14
2019Detailed filing. Detailed filing data is available for this year.$0.56$0.07$0.48$1.79$2.05$0.25
2018Detailed filing. Detailed filing data is available for this year.$0.80$0.06$0.74$2.07$1.86$0.22
2017Detailed filing. Detailed filing data is available for this year.$0.57$0.06$0.52$1.62$1.63$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.61$0.07$0.53$1.86$1.71$0.15
2015Detailed filing. Detailed filing data is available for this year.$0.44$0.06$0.38$1.79$1.77$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.47$0.10$0.36$1.75$1.44$0.32
2013Summary only. Only limited summary data is available for this year.$0.12$0.07$0.05$0.39$0.34$0.05