Civic Intelligence

Visible Men Academy Inc.

990 • Fiscal year 2017 • EIN 46-0930264

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 03, 2017

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

51st percentile

0.10x

Higher debt load relative to assets than 51% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

32nd percentile

0.03x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

36th percentile

-0.9%

Higher net margin than 36% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

77th percentile

$120,000

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

19th percentile

-5.3%

Faster asset growth than 19% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

17th percentile

-13%

Faster revenue growth than 17% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$573,784

Down $32,155 (-5.3%) from 2016

Net Assets

Down

$518,473

Down $14,161 (-2.7%) from 2016

Liabilities

Down

$55,311

Down $17,994 (-25%) from 2016

Revenue

Down

$1,617,013

Down $239,232 (-13%) from 2016

Expenses

Down

$1,631,174

Down $74,699 (-4.4%) from 2016

Net Income

Down

-$14,161

Down $164,533 (-109%) from 2016

Historical Trend

Balance Sheet Trend

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

2017

Assets$573,784
Liabilities$55,311
Net Assets$518,473

Operations Trend

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

2017

Revenue$1,617,013
Expenses$1,631,174
Net Income-$14,161
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 3, 2017
Return Version
2016v3.0
Gross Receipts
$1,653,952
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$362,660$368,243▲ $5,583
Pd in Cap Srpls Land Bldg Eqp Fund$362,660$368,243▲ $5,583
Cash and Non-Interest-Bearing Accounts$219,620$186,887▼ $32,733
Rtn Earn Endowment Incm Other Fnds$169,974$150,230▼ $19,744
Prepaid Expenses and Deferred Charges$19,958$13,600▼ $6,358
Accounts Receivable$3,701$5,054▲ $1,353
Total Assets$605,939$573,784▼ $32,155
Liabilities
Accounts Payable and Accrued Expenses$73,305$55,311▼ $17,994
Total Liabilities$73,305$55,311▼ $17,994
Net Assets / Fund Balance
Total Net Assets Fund Balance$532,634$518,473▼ $14,161
Total Liabilities and Net Assets / Fund Balance$605,939$573,784▼ $32,155

Asset Categories

AssetBook ValueDepreciationBasis
Land$96,527--
Equipment$69,630$92,526-
Leasehold Improvements$202,086$30,496-
Compensation and Service Providers

Employees

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

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$631,894
Program Service Revenue
$665,431
Investment Income
$0
Other Revenue
$319,688
All Other Contributions
$532,788
Change in Net Assets
$-14,161
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,094,109
Other Expenses$537,065
Total Fundraising Expense$44,796
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$858,593$0$0$858,593
Occupancy$160,236$0$0$160,236
Current Officers, Directors, Trustees, and Key Employees$60,000$60,000$0$120,000
Payroll Taxes$69,637$0$0$69,637
Fees for Services Management$0$59,204$0$59,204
Depreciation Depletion$44,106$0$0$44,106
Other Employee Benefits$43,392$0$0$43,392
Other Expenses$34,140$0$0$34,140
All Other Expenses$28,858$0$0$28,858
Fees for Services Accounting$0$18,272$0$18,272
Fees for Services Legal$0$14,709$0$14,709
Information Technology$10,282$0$0$10,282
Office Expenses$4,454$4,453$0$8,907
Insurance$5,602$0$0$5,602
Advertising$5,320$0$0$5,320
Travel$5,033$0$0$5,033
Pension Plan Contributions$2,487$0$0$2,487
Total Functional Expenses$1,396,770$189,608$44,796$1,631,174
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$348,456
Fundraising Direct Expenses$36,939
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Shine-on$348,456$348,456$36,939$311,517
Total Events$348,456$348,456$36,939$311,517
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
2017-11-03
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 for prior approval.

Pt VI, Line 12C

At each board meeting, the agenda is notated to remind board members to recuse from voting on an item 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

Pt VI, Line 6

The organization consists of 6 independent board members.

Pt VI, Line 7A

The organization's board members can appoint one or more members of the governing body.

Pt VI, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.

Form 990, Part IX, Line 24E

Instructional media 9525. 9525. 0. 0.

Form 990, Part IX, Line 24E

Instructional staff training 5000. 5000. 0. 0.

Form 990, Part IX, Line 24E

Food service 8416. 8416. 0. 0.

Form 990, Part IX, Line 24E

Aftercare 5917. 5917. 0. 0.

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IRS990/PYRevenuesLessExpensesAmt0150372
IRS990/PYTotalExpensesAmt01705873
IRS990/PYTotalRevenueAmt01856245
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-14161
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01617013
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0169974
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0150230
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt069630
IRS990ScheduleD/EquipmentGrp/DepreciationAmt092526
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0162156
IRS990ScheduleD/LandGrp/BookValueAmt096527
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt096527
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0202086
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt030496
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0232582
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0368243
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL PUBLICIZES THEIR RACIALLY NON-DISCIMINATORY POLICY THROUGH NEWSPAPERS, DIRECT MAILINGS, OPEN HOUSES AND OTHER MATERIALS REGARDING THE SCHOOL. NA
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1RECEIVES GRANTS THROUGH THE FLORIDA DEPT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 6b
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt036939
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SHINE-ON
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0348456
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0348456
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0348456
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0348456
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0311517
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt036939
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt036939
IRS990/ScheduleJRequiredInd0false
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 FOR PRIOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT EACH BOARD MEETING, THE AGENDA IS NOTATED TO REMIND BOARD MEMBERS TO RECUSE FROM VOTING ON AN ITEM 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/ExplanationTxt4THE ORGANIZATION CONSISTS OF 6 INDEPENDENT BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S BOARD MEMBERS CAN APPOINT ONE OR MORE MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7INSTRUCTIONAL MEDIA 9525. 9525. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8INSTRUCTIONAL STAFF TRAINING 5000. 5000. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9FOOD SERVICE 8416. 8416. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10AFTERCARE 5917. 5917. 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/FormAndLineReferenceDesc4Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 19
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
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0605939
IRS990/TotalAssetsEOYAmt0573784
IRS990/TotalAssetsGrp/BOYAmt0605939
IRS990/TotalAssetsGrp/EOYAmt0573784
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0631894
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt044796
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0189608
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01396770
IRS990/TotalFunctionalExpensesGrp/TotalAmt01631174
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt073305
IRS990/TotalLiabilitiesEOYAmt055311
IRS990/TotalLiabilitiesGrp/BOYAmt073305
IRS990/TotalLiabilitiesGrp/EOYAmt055311
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0532634
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0518473
IRS990/TotalProgramServiceExpensesAmt01396770
IRS990/TotalProgramServiceRevenueAmt0665431
IRS990/TotalReportableCompFromOrgAmt0120000
IRS990/TotalRevenueGrp/ExclusionAmt0311517
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0673602
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01617013
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0605939
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0573784
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt05033
IRS990/TravelGrp/TotalAmt05033
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0921 63RD AVE E
IRS990/USAddress/CityNm0BRADENTON
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd034203
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0VMACADEMY.ORG
IRS990/WhistleblowerPolicyInd0false

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