Civic Intelligence

Success Foundation Inc

990 • Fiscal year 2017 • EIN 46-1501902

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

Organization ProfileWWW.SUCCESSACADEMIES.ORG
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

96th percentile

1.39x

Higher debt load relative to assets than 96% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

96th percentile

1.45x

Higher debt load relative to revenue than 96% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

5th percentile

-83%

Higher net margin than 5% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

100th percentile

$782,175

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 223.5% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

18th percentile

-24%

Faster asset growth than 18% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

9th percentile

-50%

Faster revenue growth than 9% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$364,751

Down $115,186 (-24%) from 2016

Net Assets

Down

-$142,374

Down $292,236 (-195%) from 2016

Liabilities

Up

$507,125

Up $177,050 (+54%) from 2016

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin5th percentile

Revenue

Down

$350,000

Down $353,284 (-50%) from 2016

Expenses

Down

$642,236

Down $49,113 (-7.1%) from 2016

Net Income

Down

-$292,236

Down $304,171 (-2549%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

2017

Assets$364,751
Liabilities$507,125
Net Assets-$142,374
Open 2017 Filing

Operations Trend

Revenue Growth9th percentile

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

2017

Revenue$350,000
Expenses$642,236
Net Income-$292,236
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.1
Gross Receipts
$350,000
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$350,000$350,000→ $0
Cash and Non-Interest-Bearing Accounts$129,937$13,606▼ $116,331
Prepaid Expenses and Deferred Charges$0$1,145▲ $1,145
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$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$479,937$364,751▼ $115,186
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$330,075$507,125▲ $177,050
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$330,075$507,125▲ $177,050
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$149,862$-142,374▼ $292,236
Total Net Assets Fund Balance$149,862$-142,374▼ $292,236
Total Liabilities and Net Assets / Fund Balance$479,937$364,751▼ $115,186
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eva MoskowitzChief Executive OfficerPT$255,000$300,000$555,000

Board Members and Trustees

NameTitle
Joel GreenblattChairman
Charles StrauchSecretary
John PetryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$350,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$350,000
Change in Net Assets
$-292,236

Audited Revenue Reconciliation

Revenue per Audited Statements
$350,000
Total Revenue per Audited Statements
$350,000
Total Revenue per Form 990
$350,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$542,619
Other Expenses$99,617
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$505,000--$505,000
Fees for Services Other$75,223$311-$75,534
Payroll Taxes$36,584--$36,584
Fees for Services Accounting-$12,600-$12,600
Fees for Services Legal-$10,630-$10,630
Other Employee Benefits$1,035-$0$1,035
Office Expenses-$853-$853
Total Functional Expenses$617,842$24,394$0$642,236

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$642,236
Total Expenses per Audited Statements$642,236
Total Expenses per Form 990$642,236
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
2018-05-15
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:75223”

Form 990 Part IX Line 11G

“Description:payroll processing total fees:311”

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, 2017. 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. Success Foundation, Inc. does not believe it has taken any material uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits. The organization is subject to routine audits by a taxing authority. As of June 30, 2017, the organization 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, 2014.”

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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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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0617842
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SUCCESS ACADEMY CHARTER SCHOOLS INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt0350000
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, 2017. 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. Success Foundation, Inc. does not believe it has taken any material uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits. The organization is subject to routine audits by a taxing authority. As of June 30, 2017, the organization 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, 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt0350000
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
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IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount0300000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0195000
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt026325
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0EVA MOSKOWITZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF EXECUTIVE OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0555000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0227175
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:75223
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION:PAYROLL PROCESSING TOTAL FEES:311
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
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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
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IRS990ScheduleR/PaidEmployeesSharingInd0true
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IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
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IRS990ScheduleR/SharingOfFacilitiesInd0true
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IRS990/SchoolOperatingInd0false
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
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IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$364,751
Liabilities
$507,125
Net assets
-$142,374
Revenue
$350,000
Expenses
$642,236
Net income
-$292,236
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2024Detailed filing. Detailed filing data is available for this year.$0.54$0.50$0.03$0.38$0.38$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.41$0.38$0.03$1.22$0.88$0.34
2022Detailed filing. Detailed filing data is available for this year.$0.07$0.38$0.32$0.40$0.83$0.43
2021Detailed filing. Detailed filing data is available for this year.$0.50$0.39$0.11$0.60$0.80$0.20
2020Detailed filing. Detailed filing data is available for this year.$0.81$0.50$0.31$0.80$0.61$0.19
2019Detailed filing. Detailed filing data is available for this year.$0.92$0.80$0.12$0.90$0.80$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.47$0.46$0.01$0.98$0.82$0.16
2017Detailed filing. Detailed filing data is available for this year.$0.36$0.51$0.14$0.35$0.64$0.29
2016Detailed filing. Detailed filing data is available for this year.$0.48$0.33$0.15$0.70$0.69$0.01
2015Summary only. Only limited summary data is available for this year.$0.50$0.36$0.14$0.73$0.64$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.06$0.01$0.05$0.53$0.50$0.03
2013Summary only. Only limited summary data is available for this year.$0.03$0.00$0.05$0.02$0.03