Civic Intelligence

Visible Men Academy Inc.

990 • Fiscal year 2016 • EIN 46-0930264

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 10, 2017

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

53rd percentile

0.12x

Higher debt load relative to assets than 53% of similar nonprofits.

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

Liabilities / Revenue

32nd percentile

0.04x

Higher debt load relative to revenue than 32% of similar nonprofits.

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

Net Margin

65th percentile

8.1%

Higher net margin than 65% of similar nonprofits.

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

Top Officer Pay

76th percentile

$120,000

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

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

Asset Growth

88th percentile

36%

Faster asset growth than 88% of similar nonprofits.

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

Revenue Growth

53rd percentile

3.7%

Faster revenue growth than 53% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$605,939

Up $160,998 (+36%) from 2015

Net Assets

Up

$532,634

Up $150,372 (+39%) from 2015

Liabilities

Up

$73,305

Up $10,626 (+17%) from 2015

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin65th percentile

Revenue

Up

$1,856,245

Up $67,025 (+3.7%) from 2015

Expenses

Down

$1,705,873

Down $64,619 (-3.6%) from 2015

Net Income

Up

$150,372

Up $131,644 (+703%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth88th 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

2016

Assets$605,939
Liabilities$73,305
Net Assets$532,634
Open 2016 Filing

Operations Trend

Revenue Growth53rd 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

2016

Revenue$1,856,245
Expenses$1,705,873
Net Income$150,372
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 10, 2017
Return Version
2015v3.0
Gross Receipts
$1,856,245
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$291,522$362,660▲ $71,138
Pd in Cap Srpls Land Bldg Eqp Fund$291,522$362,660▲ $71,138
Cash and Non-Interest-Bearing Accounts$137,115$219,620▲ $82,505
Rtn Earn Endowment Incm Other Fnds$90,740$169,974▲ $79,234
Prepaid Expenses and Deferred Charges$16,246$19,958▲ $3,712
Accounts Receivable$58$3,701▲ $3,643
Total Assets$444,941$605,939▲ $160,998
Liabilities
Accounts Payable and Accrued Expenses$62,679$73,305▲ $10,626
Total Liabilities$62,679$73,305▲ $10,626
Net Assets / Fund Balance
Total Net Assets Fund Balance$382,262$532,634▲ $150,372
Total Liabilities and Net Assets / Fund Balance$444,941$605,939▲ $160,998

Asset Categories

AssetBook ValueDepreciationBasis
Land$96,527--
Equipment$125,746$35,613-
Leasehold Improvements$140,387$43,303-
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

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

Board Members and Trustees

NameTitle
Alicia ChalmersMember
Bill JohnstonMember
Chris CarleMember
Christine P SchlesingerMember
Felice SchulanerMember
Philip a Brown IiiMember
Steve LobelMember
Revenue and Support

Revenue Composition

Contributions and Grants
$970,515
Program Service Revenue
$839,005
Investment Income
$0
Other Revenue
$46,725
All Other Contributions
$915,387
Change in Net Assets
$150,372
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,705,873
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$545,137$415,615$0$960,752
Depreciation Depletion$40,009$0$0$40,009
Other Expenses$1,700$0$0$1,700
Total Functional Expenses$1,290,258$415,615$0$1,705,873
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/CEO
Phone
9417587588
Signed
2017-02-10
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 24E

“Instructional-related technology 6905. 6905. 0. 0.”

Form 990, Part IX, Line 24E

“Board 79737. 0. 79737. 0.”

Form 990, Part IX, Line 24E

“General administration 94532. 0. 94532. 0.”

Form 990, Part IX, Line 24E

“School administration 482692. 241346. 241346. 0.”

Form 990, Part IX, Line 24E

“Facilities 80225. 80225. 0. 0.”

Form 990, Part IX, Line 24E

“Fiscal services 23650. 23650. 0. 0.”

Form 990, Part IX, Line 24E

“Food services 7768. 7768. 0. 0.”

Form 990, Part IX, Line 24E

“Pupil transportation 42362. 42362. 0. 0.”

Form 990, Part IX, Line 24E

“Operation of plant 96510. 96510. 0. 0.”

Form 990, Part IX, Line 24E

“Maintenance of plant 5066. 5066. 0. 0.”

Form 990, Part IX, Line 24E

“Community service 41305. 41305. 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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IRS990/ScheduleORequiredInd0true
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 6905. 6905. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOARD 79737. 0. 79737. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GENERAL ADMINISTRATION 94532. 0. 94532. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7SCHOOL ADMINISTRATION 482692. 241346. 241346. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8FACILITIES 80225. 80225. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9FISCAL SERVICES 23650. 23650. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10FOOD SERVICES 7768. 7768. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11PUPIL TRANSPORTATION 42362. 42362. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12OPERATION OF PLANT 96510. 96510. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13MAINTENANCE OF PLANT 5066. 5066. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14COMMUNITY SERVICE 41305. 41305. 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 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0444941
IRS990/TotalAssetsEOYAmt0605939
IRS990/TotalAssetsGrp/BOYAmt0444941
IRS990/TotalAssetsGrp/EOYAmt0605939
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0970515
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0415615
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01290258
IRS990/TotalFunctionalExpensesGrp/TotalAmt01705873
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt062679
IRS990/TotalLiabilitiesEOYAmt073305
IRS990/TotalLiabilitiesGrp/BOYAmt062679
IRS990/TotalLiabilitiesGrp/EOYAmt073305
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0382262
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0532634
IRS990/TotalProgramServiceExpensesAmt01290258
IRS990/TotalProgramServiceRevenueAmt0839005
IRS990/TotalReportableCompFromOrgAmt0120000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0885730
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01856245
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0444941
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0605939
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/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NEIL P PHILLIPS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRINCIPAL/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum09417587588
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-10
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/ReturnTs02017-05-09T10:46:45-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$605,939
Liabilities
$73,305
Net assets
$532,634
Revenue
$1,856,245
Expenses
$1,705,873
Net income
$150,372
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