Civic Intelligence

Success Foundation Inc

990 • Fiscal year 2016 • EIN 46-1501902

Jul 01, 2015 to Jun 30, 2016 • Filed on May 15, 2017

95 Pine Street 6th FloorNew York, NY 10005

(646) 277-7170

Siviq Scores

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

Liabilities / Assets

88th percentile

0.69x

Higher debt load relative to assets than 88% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

83rd percentile

0.47x

Higher debt load relative to revenue than 83% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

47th percentile

1.7%

Higher net margin than 47% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

99th percentile

$673,406

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 95.8% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

27th percentile

-4.4%

Faster asset growth than 27% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

36th percentile

-3.3%

Faster revenue growth than 36% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$479,937

Down $21,886 (-4.4%) from 2015

Net Assets

Up

$149,862

Up $11,935 (+8.7%) from 2015

Liabilities

Down

$330,075

Down $33,821 (-9.3%) from 2015

Revenue

Down

$703,284

Down $24,224 (-3.3%) from 2015

Expenses

Up

$691,349

Up $49,592 (+7.7%) from 2015

Net Income

Down

$11,935

Down $73,816 (-86%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2013: $25,645Liabilities 2013: $02013Assets 2014: $57,191Liabilities 2014: $5,015Net Assets 2014: $52,1762014Assets 2015: $501,823Liabilities 2015: $363,896Net Assets 2015: $137,9272015Assets 2016: $479,937Liabilities 2016: $330,075Net Assets 2016: $149,8622016Assets 2017: $364,751Liabilities 2017: $507,125Net Assets 2017: -$142,3742017Assets 2018: $471,178Liabilities 2018: $456,243Net Assets 2018: $14,9352018Assets 2019: $916,776Liabilities 2019: $799,226Net Assets 2019: $117,5502019Assets 2020: $811,295Liabilities 2020: $500,072Net Assets 2020: $311,2232020Assets 2021: $496,088Liabilities 2021: $386,191Net Assets 2021: $109,8972021Assets 2022: $65,169Liabilities 2022: $381,116Net Assets 2022: -$315,9472022Assets 2023: $409,224Liabilities 2023: $380,438Net Assets 2023: $28,7862023Assets 2024: $537,552Liabilities 2024: $503,880Net Assets 2024: $33,6722024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2016

Assets$479,937
Liabilities$330,075
Net Assets$149,862

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2013: $50,000Expenses 2013: $24,355Net Income 2013: $25,6452013Revenue 2014: $527,167Expenses 2014: $500,636Net Income 2014: $26,5312014Revenue 2015: $727,508Expenses 2015: $641,757Net Income 2015: $85,7512015Revenue 2016: $703,284Expenses 2016: $691,349Net Income 2016: $11,9352016Revenue 2017: $350,000Expenses 2017: $642,236Net Income 2017: -$292,2362017Revenue 2018: $975,000Expenses 2018: $817,691Net Income 2018: $157,3092018Revenue 2019: $900,140Expenses 2019: $797,525Net Income 2019: $102,6152019Revenue 2020: $800,151Expenses 2020: $606,478Net Income 2020: $193,6732020Revenue 2021: $600,151Expenses 2021: $801,477Net Income 2021: -$201,3262021Revenue 2022: $400,151Expenses 2022: $825,995Net Income 2022: -$425,8442022Revenue 2023: $1,220,151Expenses 2023: $875,418Net Income 2023: $344,7332023Revenue 2024: $380,000Expenses 2024: $375,114Net Income 2024: $4,8862024Revenue 2025: $0Expenses 2025: $0Net Income 2025: $02025

Highlighted filing

2016

Revenue$703,284
Expenses$691,349
Net Income$11,935
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 15, 2017
Return Version
2015v3.0
Gross Receipts
$703,284
Mission and Program Overview

Mission

To be operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of success academy charter schools, inc., a related 501(c)(3) organization.

To be operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of success academy charter schools, inc., a related 501(c)(3) org.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$200,000$350,000▲ $150,000
Cash and Non-Interest-Bearing Accounts$301,823$129,937▼ $171,886
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$501,823$479,937▼ $21,886
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$363,896$330,075▼ $33,821
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$363,896$330,075▼ $33,821
Net Assets / Fund Balance
Unrestricted Net Assets$137,927$149,862▲ $11,935
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$137,927$149,862▲ $11,935
Total Liabilities and Net Assets / Fund Balance$501,823$479,937▼ $21,886
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eva MoskowitzChief Executive OfficerPT$105,000$350,000$455,000

Board Members and Trustees

NameTitle
Joel GreenblattChairman
Chuck StrauchSecretary
John PetryTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Andrew C PorterEducation Research4601 CEDAR AVENUE, Philadelphia, PA 19143$113,456
Revenue and Support

Revenue Composition

Contributions and Grants
$703,284
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$703,284
Change in Net Assets
$11,935

Audited Revenue Reconciliation

Revenue per Audited Statements
$703,284
Total Revenue per Audited Statements
$703,284
Total Revenue per Form 990
$703,284
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$519,017
Other Expenses$172,332
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$455,000$2,398-$457,398
Fees for Services Other$150,812$16,259-$167,071
Other Salaries and Wages$50,000--$50,000
Payroll Taxes$11,619--$11,619
Fees for Services Accounting-$5,075-$5,075
Office Expenses-$111-$111
Other Expenses-$75-$75
Total Functional Expenses$667,431$23,918$0$691,349

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$691,349
Total Expenses per Audited Statements$691,349
Total Expenses per Form 990$691,349
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$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION A, LINES 7A AND 7B:

Success academy charter schools, inc., a related 501(c)(3) organization, shall appoint at least two-thirds of the board directors.

FORM 990, PART VI, SECTION B, LINE 11B:

Form 990 is reviewed by management and the finance committee of the board of trustees for approval. If changes are required, the organization will then forward to the auditing firm and the final version will be distributed to all board members prior to the irs submission.

FORM 990, PART VI, SECTION B, LINE 12C:

The organization shares its conflict of interest policy with board members and officers on an annual basis. Officers, directors, and key employees are expected to declare if at any point a conflict of interest arises.

FORM 990, PART VI, SECTION B, LINE 15A:

Comparable data is used by the board when determining the compensation of the chief executive officer.

FORM 990, PART VI, SECTION C, LINE 19:

The organization makes all governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Success Foundation Inc
EIN
46-1501902
In Care Of
% ROBERT PRICE
Phone
6462777170
Address
95 PINE STREET 6TH FLOOR, NEW YORK, NY 10005

Signing Officer

Name
Robert Price
Title
CFO
Phone
6462777170
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eva Moskowitz
Formed
2012
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
1
Volunteers
3

Preparer

Firm
Bdo USA Llp
Address
100 PARK AVENUE, NEW YORK, NY 10017-5001
Preparer
Paul Hammerschmidt
Phone
2128858000
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 11G

Description:consulting total fees:150812

Form 990 Part IX Line 11G

Description:relationship management total fees:16000

Form 990 Part IX Line 11G

Description:payroll processing total fees:259

Financial Statement Notes

PART X, LINE 2:

The Foundation is a not-for-profit charitable, scientific, educational and literacy agency as described in Section 501(c)(3) of the Internal Revenue Code (the "Code"). The Foundation is exempt from Federal income taxes under Section 501(a) of the Code and has been classified as a publicly supported charitable organization under Section 509(a)(1) of the Code. The Foundation also is exempt from New York State and City income taxes. Contributions to the Foundation are deductible for income tax purposes to the maximum extent allowed under the Code. There was no unrelated business income tax payable for the year ended June 30, 2016. Under Accounting Standards Codification ("ASC") 740, "Income Taxes," an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not that the position will not be sustained upon examination by a taxing authority. The Foundation does not believe it has taken any material uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits. The Foundation is subject to routine audits by a taxing authority. As of June 30, 2016, the Foundation was not subject to any examination by a taxing authority. Management believes it is no longer subject to income tax examination for the years prior to June 30, 2013.

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IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0205298861
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0667431
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SUCCESS ACADEMY CHARTER SCHOOLS INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0667431
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt0703284
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation is a not-for-profit charitable, scientific, educational and literacy agency as described in Section 501(c)(3) of the Internal Revenue Code (the "Code"). The Foundation is exempt from Federal income taxes under Section 501(a) of the Code and has been classified as a publicly supported charitable organization under Section 509(a)(1) of the Code. The Foundation also is exempt from New York State and City income taxes. Contributions to the Foundation are deductible for income tax purposes to the maximum extent allowed under the Code. There was no unrelated business income tax payable for the year ended June 30, 2016. Under Accounting Standards Codification ("ASC") 740, "Income Taxes," an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not that the position will not be sustained upon examination by a taxing authority. The Foundation does not believe it has taken any material uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits. The Foundation is subject to routine audits by a taxing authority. As of June 30, 2016, the Foundation was not subject to any examination by a taxing authority. Management believes it is no longer subject to income tax examination for the years prior to June 30, 2013.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalExpensesPerForm990Amt0691349
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt0703284
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0703284
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0691349
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
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IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0105000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount0350000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0192404
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt026002
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0EVA MOSKOWITZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF EXECUTIVE OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0455000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0218406
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SUCCESS ACADEMY CHARTER SCHOOLS, INC., A RELATED 501(C)(3) ORGANIZATION, SHALL APPOINT AT LEAST TWO-THIRDS OF THE BOARD DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY MANAGEMENT AND THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES FOR APPROVAL. IF CHANGES ARE REQUIRED, THE ORGANIZATION WILL THEN FORWARD TO THE AUDITING FIRM AND THE FINAL VERSION WILL BE DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO THE IRS SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION SHARES ITS CONFLICT OF INTEREST POLICY WITH BOARD MEMBERS AND OFFICERS ON AN ANNUAL BASIS. OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE EXPECTED TO DECLARE IF AT ANY POINT A CONFLICT OF INTEREST ARISES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPARABLE DATA IS USED BY THE BOARD WHEN DETERMINING THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION:CONSULTING TOTAL FEES:150812
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION:RELATIONSHIP MANAGEMENT TOTAL FEES:16000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION:PAYROLL PROCESSING TOTAL FEES:259
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINES 7A AND 7B:
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 B, LINE 15A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART IX LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PART IX LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990 PART IX LINE 11G
IRS990ScheduleR/AssetExchangeInd0false
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SUCCESS ACADEMY CHARTER SCHOOLS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0205298861
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt095 PINE STREET 6TH FLOOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010005
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
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