Civic Intelligence

James Madison Preparatory High School Inc.

990 • Fiscal year 2014 • EIN 46-1553270

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 12, 2015

Organization Profilejmphs.org
176 NW Crane AveMadison, FL 32340

(850) 253-2173

Siviq Scores

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

Liabilities / Assets

89th percentile

0.53x

Higher debt load relative to assets than 89% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

78th percentile

0.07x

Higher debt load relative to revenue than 78% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

57th percentile

6.0%

Higher net margin than 57% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

100th percentile

16194%

Faster asset growth than 100% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

100th percentile

4473%

Faster revenue growth than 100% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$53,445

Up $53,117 (+16194%) from 2013

Net Assets

$25,184

No earlier filing loaded for comparison.

Liabilities

Up

$28,261

Up $28,261 from 2013

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin57th percentile

Revenue

Up

$413,376

Up $404,336 (+4473%) from 2013

Expenses

Up

$388,520

Up $379,808 (+4360%) from 2013

Net Income

Up

$24,856

Up $24,528 (+7478%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2013: $328Liabilities 2013: $02013Assets 2014: $53,445Liabilities 2014: $28,261Net Assets 2014: $25,1842014Assets 2015: $170,583Liabilities 2015: $92,265Net Assets 2015: $78,3182015Assets 2016: $279,247Liabilities 2016: $262,013Net Assets 2016: $17,2342016Assets 2017: $486,491Liabilities 2017: $534,482Net Assets 2017: -$47,9912017Assets 2018: $636,001Liabilities 2018: $731,331Net Assets 2018: -$95,3302018Assets 2019: $539,547Liabilities 2019: $729,953Net Assets 2019: -$190,4062019Assets 2020: $552,043Liabilities 2020: $898,042Net Assets 2020: -$345,9992020Assets 2021: $693,456Liabilities 2021: $850,527Net Assets 2021: -$157,0712021Assets 2022: $877,937Liabilities 2022: $825,162Net Assets 2022: $52,7752022Assets 2023: $1,271,731Liabilities 2023: $1,180,854Net Assets 2023: $90,8772023Assets 2024: $1,237,738Liabilities 2024: $1,205,697Net Assets 2024: $32,0412024

Highlighted filing

2014

Assets$53,445
Liabilities$28,261
Net Assets$25,184
Open 2014 Filing

Operations Trend

Revenue Growth100th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $9,040Expenses 2013: $8,712Net Income 2013: $3282013Revenue 2014: $413,376Expenses 2014: $388,520Net Income 2014: $24,8562014Revenue 2015: $727,652Expenses 2015: $679,298Net Income 2015: $48,3542015Revenue 2016: $869,399Expenses 2016: $930,483Net Income 2016: -$61,0842016Revenue 2017: $1,293,030Expenses 2017: $1,358,255Net Income 2017: -$65,2252017Revenue 2018: $1,326,170Expenses 2018: $1,373,509Net Income 2018: -$47,3392018Revenue 2019: $1,321,870Expenses 2019: $1,416,946Net Income 2019: -$95,0762019Revenue 2020: $1,314,361Expenses 2020: $1,469,954Net Income 2020: -$155,5932020Revenue 2021: $1,634,736Expenses 2021: $1,445,808Net Income 2021: $188,9282021Revenue 2022: $1,667,311Expenses 2022: $1,457,465Net Income 2022: $209,8462022Revenue 2023: $1,909,516Expenses 2023: $1,871,414Net Income 2023: $38,1022023Revenue 2024: $1,988,305Expenses 2024: $2,047,141Net Income 2024: -$58,8362024

Highlighted filing

2014

Revenue$413,376
Expenses$388,520
Net Income$24,856
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 12, 2015
Return Version
2013v4.0
Gross Receipts
$413,376
Mission and Program Overview

Mission

The mission of james madison preparatory high school is to provide a rigorous college preparatory high school that promotes student ownership of learning through a content-rich liberal arts curriculum emphasizing science, technology, engineering, and math (stem).

The mission of James Madison Preparatory High School is to provide a rigorous college preparatory high school that promotes student ownership of learning through a content-rich liberal arts curriculum.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$42,930-
Cash and Non-Interest-Bearing Accounts$328$6,444▲ $6,116
Accounts Receivable-$4,002-
Total Assets$328$53,445▲ $53,117
Other Assets Total-$69-
Liabilities
Other Liabilities-$26,003-
Accounts Payable and Accrued Expenses-$2,258-
Total Liabilities$0$28,261▲ $28,261
Net Assets / Fund Balance
Permanently Rstr Net Assets-$42,930-
Unrestricted Net Assets$328$-17,746▼ $18,074
Total Net Assets Fund Balance$328$25,184▲ $24,856
Total Liabilities and Net Assets / Fund Balance$328$53,445▲ $53,117

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$35,316$6,833$42,149
Other Land Buildings$4,056-$4,056
Buildings$3,558$86$3,644
Compensation and Service Providers
Top Officer Pay74th percentile

Board Members and Trustees

NameTitle
James B Davis IVPresident
Jacob K Johnson JrVice-President
Cary A HardeeIIIDirector
Mathew G WebbDirector
Sonical L MitchellDirector
Shelly RenfroeSecretary
Margaret Ann BunchTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$183,208
Program Service Revenue
$214,768
Investment Income
$8
Other Revenue
$15,392
All Other Contributions
$4,056
Change in Net Assets
$24,856

Audited Revenue Reconciliation

Revenue per Audited Statements
$413,376
Total Revenue per Audited Statements
$413,376
Total Revenue per Form 990
$413,376
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$226,369
Salaries, Compensation, and Employee Benefits$162,151
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$72,896$68,000-$140,896
Occupancy-$47,095-$47,095
All Other Expenses$3,177$18,378-$21,555
Fees for Services Other$858$19,932-$20,790
Payroll Taxes$6,539$5,130-$11,669
Depreciation Depletion-$6,919-$6,919
Pension Plan Contributions$3,697$2,861-$6,558
Other Expenses$5,824$12,330-$5,824
Information Technology-$4,660-$4,660
Insurance-$3,894-$3,894
Travel$3,048--$3,048
Other Employee Benefits$2,051$977-$3,028
Fees for Services Accounting-$2,900-$2,900
Total Functional Expenses$194,001$194,519$0$388,520

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$388,520
Total Expenses per Audited Statements$388,520
Total Expenses per Form 990$388,520
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$18,400
Due to Foundation$7,603
Due to Board Member-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Board president James Davis and Board Vice-president Jacob Johnson own an entity Optimus, LLC, in which they develop and manage commercial properties. Directors Matthew Webb and Cary Hardee are brothers-in-law.”

Form 990, Part VI, Section B, Line 11B

“Each board member was provided with a draft version of the tax return and given the opportunity to comment or ask questions before the return was finalized.”

Form 990, Part VI, Section C, Line 19

“The organization makes available its financial statements, governing documents and conflict of interest policy upon request.”

Filing and Contact Details

Filer

EIN
46-1553270
Phone
8502532173

Signing Officer

Name
Margaret Ann Bunch
Title
Treasurer
Signed
2015-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James B Davis IV
Formed
2012
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
3
Volunteers
60

Preparer

Preparer
Elizabeth A Browning CPA
Phone
9417040800
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 1

“The organization had very little activity in 2012, and there were no payables or receivables as of the end of that fiscal year. The tax return was marked that it was on a cash basis, however. In 2013, audited financial statements were prepared, so this return was prepared to agree with them. Going forward, the tax returns will be prepared on the accrual basis.”

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IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0214768
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
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/BuildingsGrp/BookValueAmt03558
IRS990ScheduleD/BuildingsGrp/DepreciationAmt086
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03644
IRS990ScheduleD/EquipmentGrp/BookValueAmt035316
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06833
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt042149
IRS990ScheduleD/ExpensesSubtotalAmt0388520
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04056
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04056
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17603
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Due to Foundation
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Due to Board Member
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0413376
IRS990ScheduleD/TotalBookValueLandBuildingsAmt042930
IRS990ScheduleD/TotalExpensesPerForm990Amt0388520
IRS990ScheduleD/TotalLiabilityAmt026003
IRS990ScheduleD/TotalRevenuePerForm990Amt0413376
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0413376
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0388520
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 organiztion is a public school and receives funding through the Florida Education Finance Program and a Charter School Program Grant.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc06A
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt07603
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Furniture
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt07603
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Margaret Ann Bunch
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Margaret Ann Bunch loaned the organization 7,603 in June of 2014.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Part II Line 1
IRS990ScheduleL/TotalBalanceDueAmt07603
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board president James Davis and Board Vice-president Jacob Johnson own an entity Optimus, LLC, in which they develop and manage commercial properties. Directors Matthew Webb and Cary Hardee are brothers-in-law.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each board member was provided with a draft version of the tax return and given the opportunity to comment or ask questions before the return was finalized.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization had very little activity in 2012, and there were no payables or receivables as of the end of that fiscal year. The tax return was marked that it was on a cash basis, however. In 2013, audited financial statements were prepared, so this return was prepared to agree with them. Going forward, the tax returns will be prepared on the accrual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization makes available its financial statements, governing documents and conflict of interest policy upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part XII, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10The James Madison Preparatory HS Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0454694359
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Public Education
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10378 E Base Street Suite 219
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0Madison
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode032340
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0true
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0true
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0328
IRS990/TotalAssetsEOYAmt053445
IRS990/TotalAssetsGrp/BOYAmt0328
IRS990/TotalAssetsGrp/EOYAmt053445
IRS990/TotalCompGreaterThan150KInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$53,445
Liabilities
$28,261
Net assets
$25,184
Revenue
$413,376
Expenses
$388,520
Net income
$24,856
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.24$1.21$0.03$1.99$2.05$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.27$1.18$0.09$1.91$1.87$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.88$0.83$0.05$1.67$1.46$0.21
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.85$0.16$1.63$1.45$0.19
2020Detailed filing. Detailed filing data is available for this year.$0.55$0.90$0.35$1.31$1.47$0.16
2019Detailed filing. Detailed filing data is available for this year.$0.54$0.73$0.19$1.32$1.42$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.64$0.73$0.10$1.33$1.37$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.49$0.53$0.05$1.29$1.36$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.28$0.26$0.02$0.87$0.93$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.17$0.09$0.08$0.73$0.68$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.05$0.03$0.03$0.41$0.39$0.02
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$0.01$0.01$0.00