Civic Intelligence

James Madison Preparatory High School Inc.

990 • Fiscal year 2018 • EIN 46-1553270

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

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

94th percentile

1.15x

Higher debt load relative to assets than 94% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

79th percentile

0.55x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

30th percentile

-3.6%

Higher net margin than 30% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

87th percentile

31%

Faster asset growth than 87% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

47th percentile

2.6%

Faster revenue growth than 47% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$636,001

Up $149,510 (+31%) from 2017

Net Assets

Down

-$95,330

Down $47,339 (-99%) from 2017

Liabilities

Up

$731,331

Up $196,849 (+37%) from 2017

Revenue

Up

$1,326,170

Up $33,140 (+2.6%) from 2017

Expenses

Up

$1,373,509

Up $15,254 (+1.1%) from 2017

Net Income

Up

-$47,339

Up $17,886 (+27%) from 2017

Historical Trend

Balance Sheet Trend

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

2018

Assets$636,001
Liabilities$731,331
Net Assets-$95,330

Operations Trend

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

2018

Revenue$1,326,170
Expenses$1,373,509
Net Income-$47,339
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 15, 2018
Return Version
2017v2.3
Gross Receipts
$1,326,170
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).

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$91,210$83,952▼ $7,258
Cash and Non-Interest-Bearing Accounts$11,472$9,229▼ $2,243
Intangible Assets$36--
Total Assets$486,491$636,001▲ $149,510
Other Assets Total$383,773$542,820▲ $159,047
Liabilities
Other Liabilities$470,309$678,780▲ $208,471
Accounts Payable and Accrued Expenses$64,173$52,551▼ $11,622
Total Liabilities$534,482$731,331▲ $196,849
Net Assets / Fund Balance
Unrestricted Net Assets$-47,991$-95,330▼ $47,339
Total Net Assets Fund Balance$-47,991$-95,330▼ $47,339
Total Liabilities and Net Assets / Fund Balance$486,491$636,001▲ $149,510

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$67,146$111,896$179,042
Buildings$16,806$1,605$18,411
Other Assets Org$3,676--
Compensation and Service Providers

Board Members and Trustees

NameTitle
James B Davis IvPresident
Cary a Hardee IiiDirector
Julie TownsendDirector
Merv MattiarDirector
Jimmy DurstSecretary
Julia WaldrepTreasurer
Annette JohnsonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$162,416
Program Service Revenue
$1,163,725
Investment Income
$29
Other Revenue
$0
All Other Contributions
$72,119
Change in Net Assets
$-47,339

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,326,170
Total Revenue per Audited Statements
$1,326,170
Total Revenue per Form 990
$1,326,170
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$924,566
Other Expenses$448,943
Total Fundraising Expense$2,445
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$646,761$61,907-$708,668
Pension Plan Contributions$144,492$14,021-$158,513
Occupancy$75,038$22,845-$97,883
Fees for Services Other$87,767$5,133-$92,900
Payroll Taxes$49,635$4,749-$54,384
Depreciation Depletion$35,350--$35,350
All Other Expenses$29,230$728$2,445$32,403
Other Expenses$20,900$1,169-$20,900
Insurance$15,882$4,085-$19,967
Fees for Services Accounting$12,979$3,950-$16,929
Travel$4,765$459-$5,224
Other Employee Benefits$3,001--$3,001
Interest-$1,131-$1,131
Total Functional Expenses$1,238,285$132,779$2,445$1,373,509

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,373,509
Total Expenses per Audited Statements$1,373,509
Total Expenses per Form 990$1,373,509
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
Net Pension Liability$637,463
Deferred Inflows Related to Pensions$33,917
Due to Foundation$7,400
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, Page 6, Part VI, Line 11B

A draft version of the form 990 was provided to each board member. Board members were given opportunity to review the tax return and ask any questions before the return was finalized.

Form 990, Page 6, Part VI, Line 19

The organization makes available its governing documents and conflict of interest policy upon request. The organization's audited financial statements are made available on the organization's website.

Filing and Contact Details

Filer

Filer Name
The James Madison Preparatory
EIN
46-1553270
Phone
8502532173
Address
176 NW CRANE AVE, MADISON, FL 32340

Signing Officer

Name
James B Davis Iv
Title
President
Phone
8502532173
Signed
2018-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James B Davis Iv
Voting Board Members
7
Independent Board Members
7
Employees
23
Volunteers
30

Preparer

Firm
Buescher and Company LLC Cpas
Address
121 NE RANGE AVE PO DRAWER 570, MADISON, FL 32341-0570
Preparer
Mark F Buescher
Phone
8509734034
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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).

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IRS990ScheduleD/ExpensesSubtotalAmt01373509
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0531644
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt17500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt23676
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS RELATED TO PENSION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DUE FROM FIDUCIARY FUNDS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0637463
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt133917
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt27400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS RELATED TO PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO FOUNDATION
IRS990ScheduleD/RevenueSubtotalAmt01326170
IRS990ScheduleD/TotalBookValueLandBuildingsAmt083952
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0542820
IRS990ScheduleD/TotalExpensesPerForm990Amt01373509
IRS990ScheduleD/TotalLiabilityAmt0678780
IRS990ScheduleD/TotalRevenuePerForm990Amt01326170
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01326170
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01373509
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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE RACIAL NONDISCRIMINATORY POLICY IS NOTED ON EACH PAGE OF THE ORGANIZATION'S WEBSITE AND THE APPLICATION FOR ADMISSION. IT IS INCLUDED ON ALL PRINTED MATERIALS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1AS A PUBLIC CHARTER SCHOOL, THE ORGANIZATION RECEIVES FUNDS THROUGH THE FLORIDA EDUCATION FINANCE PROGRAM, THE CHARTER SCHOOL CAPITAL OUTLAY PROGRAM, AND OTHER PROGRAMS SPONSORED BY THE STATE OF FLORIDA.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT VERSION OF THE FORM 990 WAS PROVIDED TO EACH BOARD MEMBER. BOARD MEMBERS WERE GIVEN OPPORTUNITY TO REVIEW THE TAX RETURN AND ASK ANY QUESTIONS BEFORE THE RETURN WAS FINALIZED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES AVAILABLE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY UPON REQUEST. THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE ON THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE JAMES MADISON PRP HS FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0454694359
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0378 E BASE STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MADISON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd032340
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
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/TotalAssetsBOYAmt0486491
IRS990/TotalAssetsEOYAmt0636001
IRS990/TotalAssetsGrp/BOYAmt0486491
IRS990/TotalAssetsGrp/EOYAmt0636001
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0162416
IRS990/TotalEmployeeCnt023
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02445
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0132779
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01238285
IRS990/TotalFunctionalExpensesGrp/TotalAmt01373509
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0534482
IRS990/TotalLiabilitiesEOYAmt0731331
IRS990/TotalLiabilitiesGrp/BOYAmt0534482
IRS990/TotalLiabilitiesGrp/EOYAmt0731331
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-47991
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-95330
IRS990/TotalProgramServiceExpensesAmt01238285
IRS990/TotalProgramServiceRevenueAmt01163725
IRS990/TotalRevenueGrp/ExclusionAmt029
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01163725
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01326170
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0486491
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0636001
IRS990/TravelGrp/ManagementAndGeneralAmt0459
IRS990/TravelGrp/ProgramServicesAmt04765
IRS990/TravelGrp/TotalAmt05224
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-47991
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-95330
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0176 NW CRANE AVE
IRS990/USAddress/CityNm0MADISON
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032340
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0JMPHS.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES B DAVIS IV

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