Civic Intelligence

The Founders Academy Foundation

990 • Fiscal year 2016 • EIN 46-1308375

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

Organization ProfileN/A
5 Perimeter RoadManchester, NH 03103

(603) 769-1925

Siviq Scores

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

Liabilities / Assets

79th percentile

0.58x

Higher debt load relative to assets than 79% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

90th percentile

2.71x

Higher debt load relative to revenue than 90% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

96th percentile

72%

Higher net margin than 96% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

26th percentile

$62,408

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

24th percentile

-3.5%

Faster asset growth than 24% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

98th percentile

317%

Faster revenue growth than 98% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets79th percentile

Assets

Down

$5,230,804

Down $187,400 (-3.5%) from 2015

Net Assets

Up

$2,170,856

Up $812,447 (+60%) from 2015

Liabilities

Down

$3,059,948

Down $999,847 (-25%) from 2015

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin96th percentile

Revenue

Up

$1,129,455

Up $858,362 (+317%) from 2015

Expenses

Down

$317,008

Down $77,419 (-20%) from 2015

Net Income

Up

$812,447

Up $935,781 (+759%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$6.0M$4.0M$2.0M$0Assets 2012: $1Liabilities 2012: $02012Assets 2013: $1Liabilities 2013: $02013Assets 2014: $2,182,934Liabilities 2014: $701,191Net Assets 2014: $1,481,7432014Assets 2015: $5,418,204Liabilities 2015: $4,059,795Net Assets 2015: $1,358,4092015Assets 2016: $5,230,804Liabilities 2016: $3,059,948Net Assets 2016: $2,170,8562016Assets 2017: $5,056,389Liabilities 2017: $1,427,144Net Assets 2017: $3,629,2452017Assets 2018: $4,925,925Liabilities 2018: $12,756Net Assets 2018: $4,913,1692018Assets 2019: $5,018,210Liabilities 2019: $5,822Net Assets 2019: $5,012,3882019Assets 2020: $5,056,021Liabilities 2020: $0Net Assets 2020: $5,056,0212020Assets 2021: $5,624,673Liabilities 2021: $400,000Net Assets 2021: $5,224,6732021Assets 2022: $5,753,699Liabilities 2022: $401,622Net Assets 2022: $5,352,0772022Assets 2023: $5,350,122Liabilities 2023: $589,009Net Assets 2023: $4,761,1132023Assets 2024: $5,002,927Liabilities 2024: $379,559Net Assets 2024: $4,623,3682024Assets 2025: $4,980,228Liabilities 2025: $466,611Net Assets 2025: $4,513,6172025

Highlighted filing

2016

Assets$5,230,804
Liabilities$3,059,948
Net Assets$2,170,856
Open 2016 Filing

Operations Trend

Revenue Growth98th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2012: $0Expenses 2012: $0Net Income 2012: $02012Revenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $1,554,190Expenses 2014: $72,447Net Income 2014: $1,481,7432014Revenue 2015: $271,093Expenses 2015: $394,427Net Income 2015: -$123,3342015Revenue 2016: $1,129,455Expenses 2016: $317,008Net Income 2016: $812,4472016Revenue 2017: $1,715,415Expenses 2017: $257,026Net Income 2017: $1,458,3892017Revenue 2018: $1,320,633Expenses 2018: $36,709Net Income 2018: $1,283,9242018Revenue 2019: $154,718Expenses 2019: $55,499Net Income 2019: $99,2192019Revenue 2020: $460,792Expenses 2020: $417,159Net Income 2020: $43,6332020Revenue 2021: $768,570Expenses 2021: $690,130Net Income 2021: $78,4402021Revenue 2022: $1,598,226Expenses 2022: $1,470,822Net Income 2022: $127,4042022Revenue 2023: -$66,081Expenses 2023: $67,222Net Income 2023: -$133,3032023Revenue 2024: -$47,267Expenses 2024: $91,233Net Income 2024: -$138,5002024Revenue 2025: -$7,134Expenses 2025: $103,117Net Income 2025: -$110,2512025

Highlighted filing

2016

Revenue$1,129,455
Expenses$317,008
Net Income$812,447
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 1, 2017
Return Version
2015v3.0
Gross Receipts
$1,142,682
Mission and Program Overview

Mission

To support the establishment of new charter schools and to help provide support to the ongoing operations of charter schools operating in the state of new hampshire.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,343,973$5,192,454▼ $151,519
Loans From Officers Directors$4,025,872$3,051,948▼ $973,924
Accounts Receivable$22,168--
Cash and Non-Interest-Bearing Accounts$19,457$5,346▼ $14,111
Prepaid Expenses and Deferred Charges$891--
Total Assets$5,418,204$5,230,804▼ $187,400
Other Assets Total$31,715$33,004▲ $1,289
Liabilities
Accounts Payable and Accrued Expenses$33,923$8,000▼ $25,923
Total Liabilities$4,059,795$3,059,948▼ $999,847
Net Assets / Fund Balance
Unrestricted Net Assets$1,358,409$2,170,856▲ $812,447
Total Net Assets Fund Balance$1,358,409$2,170,856▲ $812,447
Total Liabilities and Net Assets / Fund Balance$5,418,204$5,230,804▼ $187,400

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,192,454$233,111$5,425,565
Compensation and Service Providers
Top Officer Pay26th percentile

Employees

NameTitleOtherTotal
Kimberly LavalleeTreasurer$62,408$62,408

Board Members and Trustees

NameTitle
Richard HyotteBoard Chair
Cathy Duffy CullityDirector
Patricia HumphreyDirector
Sarah FrischknechtSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,000,000
Program Service Revenue
$0
Investment Income
$1,811
Other Revenue
$127,644
All Other Contributions
$1,000,000
Change in Net Assets
$812,447

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,129,455
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,000
Total Revenue per Audited Statements
$1,131,455
Total Revenue per Form 990
$1,129,455
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$302,008
Grants and Similar Amounts Paid$15,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$138,291--$138,291
Interest$63,082--$63,082
Occupancy$50,213--$50,213
Grants to Domestic Orgs$15,000--$15,000
Insurance$13,651$395-$14,046
Fees for Services Accounting-$9,910-$9,910
Fees for Services Legal-$504-$504
Other Expenses$1,324$480-$480
All Other Expenses$207$50-$257
Fees for Services Other-$250-$250
Office Expenses-$14-$14
Total Functional Expenses$305,405$11,603$0$317,008

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$319,008
Expenses per Audited Statements$317,008
Total Expenses per Form 990$317,008
Expenses Not Reported on Form 990$2,000
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Founders Academy Public Charter SchoolManchester, NH501(c)(3)General Operations and Space for Operations.$15,000
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$4,025,872$3,051,948▼ $973,924
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The form 990 was reviewed by the board in detail prior to filing. Questions were addressed to the preparer and resolved timely. A final draft version of the return was provided to the full board prior to filing.”

Form 990, Part VI, Section B, Line 12

“All board members must declare any conflict of interest on a yearly basis to the board. When a conflict of interest or potential conflict of interest arises the event is disclosed to the board and a board vote is taken should it be needed.”

Form 990, Part VI, Section C, Line 19

“The organization's form 990 is available upon request.”

Filing and Contact Details

Filer

Filer Name
The Founders Academy Foundation
EIN
46-1308375
Phone
6037691925
Address
5 PERIMETER ROAD, MANCHESTER, NH 03103

Signing Officer

Name
Kimberly Lavallee
Title
Treasurer
Phone
6037691925
Signed
2017-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimberly Lavallee
Formed
2011
Legal Domicile
Nh
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Nathan Wechsler & Company Pa
Address
70 COMMERCIAL STREET 4TH FLOOR, CONCORD, NH 03301
Preparer
KELLI D'AMORE
Phone
6032245357
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“No change from prior year.”

Financial Statement Notes

PART X, LINE 2:

“The school has adopted the provisions of fasb asc 740, accounting for uncertainty in income taxes. Accordingly, management has evaluated the school's tax positions and concluded the school had maintained its tax-exempt status, does not have any significant unrelated business income and had taken no uncertain tax positions that require adjustment or disclosure in the financial statements. With few exceptions, the school is no longer subject to income tax examinations by the u.s. Federal or state tax authorities for years before 2013.”

Raw XML AppendixShowing 400 of 462 raw XML fields

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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IRS990ScheduleA/SupportedOrgInformationGrp/EIN0463442950
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt0314856
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt015000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0THE FOUNDERS ACADEMY PUBLIC CHARTER SCHOOL
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt015000
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt05192454
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0233111
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05425565
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt02000
IRS990ScheduleD/DonatedServicesUseFcltsAmt02000
IRS990ScheduleD/ExpensesNotReportedAmt02000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0317008
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt02000
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01129455
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS ADOPTED THE PROVISIONS OF FASB ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ACCORDINGLY, MANAGEMENT HAS EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THE SCHOOL HAD MAINTAINED ITS TAX-EXEMPT STATUS, DOES NOT HAVE ANY SIGNIFICANT UNRELATED BUSINESS INCOME AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT OR DISCLOSURE IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL OR STATE TAX AUTHORITIES FOR YEARS BEFORE 2013.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05192454
IRS990ScheduleD/TotalExpensesPerForm990Amt0317008
IRS990ScheduleD/TotalRevenuePerForm990Amt01129455
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01131455
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0319008
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt015000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt0314856
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0LOWER THAN MARKET RENTAL
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL OPERATIONS AND SPACE FOR OPERATIONS.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0THE FOUNDERS ACADEMY PUBLIC CHARTER SCHOOL
IRS990ScheduleI/RecipientTable/RecipientEIN0463442950
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05 PERIMETER ROAD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MANCHESTER
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NH
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd003103
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt033004
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt13018944
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0FIT-UP CONSTRUCTION OF BUILDING
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1FIT-UP CONSTRUCTION OF BUILDING
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt031715
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt14000000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0PATRICIA HUMPHREY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1PATRICIA HUMPHREY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0MEMBER OF THE BOARD OF DIRECTORS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1MEMBER OF THE BOARD OF DIRECTORS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/TotalBalanceDueAmt03051948
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WAS REVIEWED BY THE BOARD IN DETAIL PRIOR TO FILING. QUESTIONS WERE ADDRESSED TO THE PREPARER AND RESOLVED TIMELY. A FINAL DRAFT VERSION OF THE RETURN WAS PROVIDED TO THE FULL BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS MUST DECLARE ANY CONFLICT OF INTEREST ON A YEARLY BASIS TO THE BOARD. WHEN A CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST ARISES THE EVENT IS DISCLOSED TO THE BOARD AND A BOARD VOTE IS TAKEN SHOULD IT BE NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S FORM 990 IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO CHANGE FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE FOUNDERS ACADEMY PUBLIC CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0463442950
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0OPEN-ENROLLMENT CHARTERED PUBLIC SCHOOL FOR GRADES 6 THROUGH 12.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170(B)(1)(A)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt05 PERIMETER ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MANCHESTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd003103
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0THE FOUNDERS ACADEMY FOUNDATION IS THE SUPPORTING ORGANIZATION FOR THE FOUNDERS ACADEMY SCHOOL. THE FOUNDATION OWNS THE BUILDING THAT THE ACADEMY OCCUPIES AND FOR WHICH THE ACADEMY PAYS A REIMBURSEMENT THAT IS RECORDED AS RENT. A PAID EMPLOYEE OF THE ACADEMY WORKS FROM AN OFFICE INSIDE THE BUILDING. A PORTION OF HER TIME IS RELATED TO WORK FOR THE FOUNDERS ACADEMY FOUNDATION. SHE IS AN OFFICER ON THE BOARD OF DIRECTORS FOR BOTH THE FOUNDATION AND THE ACADEMY.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCH R, PART V, LINE 2, EXPLANATION OF RELATED TRANSACTIONS
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0127644
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt15192454
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt260271
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt315000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0INTERCOMPANY RENT RECEIVED
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1NET BOOK VALUE OF SHARED FACILITY
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2TOTAL SALARY OF SHARED EMPLOYEE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt3CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0THE FOUNDERS ACADEMY
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1THE FOUNDERS ACADEMY
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2THE FOUNDERS ACADEMY
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt3THE FOUNDERS ACADEMY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1N
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2O
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt3B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NH
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05418204
IRS990/TotalAssetsEOYAmt05230804
IRS990/TotalAssetsGrp/BOYAmt05418204
IRS990/TotalAssetsGrp/EOYAmt05230804
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01000000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$5,230,804
Liabilities
$3,059,948
Net assets
$2,170,856
Revenue
$1,129,455
Expenses
$317,008
Net income
$812,447
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.98$0.47$4.51$0.01$0.10$0.11
2024Detailed filing. Detailed filing data is available for this year.$5.00$0.38$4.62$0.05$0.09$0.14
2023Detailed filing. Detailed filing data is available for this year.$5.35$0.59$4.76$0.07$0.07$0.13
2022Detailed filing. Detailed filing data is available for this year.$5.75$0.40$5.35$1.60$1.47$0.13
2021Detailed filing. Detailed filing data is available for this year.$5.62$0.40$5.22$0.77$0.69$0.08
2020Detailed filing. Detailed filing data is available for this year.$5.06$0.00$5.06$0.46$0.42$0.04
2019Detailed filing. Detailed filing data is available for this year.$5.02$0.01$5.01$0.15$0.06$0.10
2018Detailed filing. Detailed filing data is available for this year.$4.93$0.01$4.91$1.32$0.04$1.28
2017Detailed filing. Detailed filing data is available for this year.$5.06$1.43$3.63$1.72$0.26$1.46
2016Detailed filing. Detailed filing data is available for this year.$5.23$3.06$2.17$1.13$0.32$0.81
2015Detailed filing. Detailed filing data is available for this year.$5.42$4.06$1.36$0.27$0.39$0.12
2014Detailed filing. Detailed filing data is available for this year.$2.18$0.70$1.48$1.55$0.07$1.48
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00