Civic Intelligence

Winton Preparatory Academy Inc

990 • Fiscal year 2017 • EIN 46-2042808

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 07, 2018

4750 Winton RoadCincinnati, OH 45232

(330) 515-0572

Siviq Scores

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

Liabilities / Assets

98th percentile

1.75x

Higher debt load relative to assets than 98% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

87th percentile

1.17x

Higher debt load relative to revenue than 87% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

12th percentile

-24%

Higher net margin than 12% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$750

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

91st percentile

50%

Faster asset growth than 91% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

76th percentile

24%

Faster revenue growth than 76% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,573,757

Up $861,663 (+50%) from 2016

Net Assets

Down

-$1,922,361

Down $925,250 (-93%) from 2016

Liabilities

Up

$4,496,118

Up $1,786,913 (+66%) from 2016

Revenue

Up

$3,857,252

Up $754,119 (+24%) from 2016

Expenses

Up

$4,782,502

Up $1,311,324 (+38%) from 2016

Net Income

Down

-$925,250

Down $557,205 (-151%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2014: $106,208Liabilities 2014: $466,566Net Assets 2014: -$360,3582014Assets 2015: $1,262,506Liabilities 2015: $1,891,572Net Assets 2015: -$629,0662015Assets 2016: $1,712,094Liabilities 2016: $2,709,205Net Assets 2016: -$997,1112016Assets 2017: $2,573,757Liabilities 2017: $4,496,118Net Assets 2017: -$1,922,3612017Assets 2018: $2,495,710Liabilities 2018: $4,051,090Net Assets 2018: -$1,555,3802018Assets 2019: $2,110,800Liabilities 2019: $3,818,652Net Assets 2019: -$1,707,8522019Assets 2020: $1,182,624Liabilities 2020: $3,477,637Net Assets 2020: -$2,295,0132020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2017

Assets$2,573,757
Liabilities$4,496,118
Net Assets-$1,922,361

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $1,197,100Expenses 2014: $1,557,458Net Income 2014: -$360,3582014Revenue 2015: $2,252,395Expenses 2015: $2,584,147Net Income 2015: -$331,7522015Revenue 2016: $3,103,133Expenses 2016: $3,471,178Net Income 2016: -$368,0452016Revenue 2017: $3,857,252Expenses 2017: $4,782,502Net Income 2017: -$925,2502017Revenue 2018: $4,412,489Expenses 2018: $3,355,768Net Income 2018: $1,056,7212018Revenue 2019: $3,697,222Expenses 2019: $3,849,694Net Income 2019: -$152,4722019Revenue 2020: $3,227,089Expenses 2020: $3,814,250Net Income 2020: -$587,1612020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021

Highlighted filing

2017

Revenue$3,857,252
Expenses$4,782,502
Net Income-$925,250
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 7, 2018
Return Version
2016v3.0
Gross Receipts
$3,857,252
Mission and Program Overview

Mission

To achieve the mission, our School will integrate current learning technologies into each classroom. We will offer authentic learning experiences that are representative of how children learn best, as well as offer a schedule and support activities that enable each student to reach to his or her potential. We want our students to leave with the skills and abilities necessary to achieve academic excellence, personal growth, and success as lifelong learners. This mission requires the support of the faculty, staff, families, and community in order to encourage and empower students to be responsible and valued citizens.

Winton Preparatory Academy is dedicated to improving the lives of its students by providing authentic learning experiences in a collaborative, nurturing environment that will build a foundation for students' success in school, at future work, and in life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$29,162$88,371▲ $59,209
Accounts Receivable$19,080$69,998▲ $50,918
Prepaid Expenses and Deferred Charges$30,000$30,000→ $0
Cash and Non-Interest-Bearing Accounts$61,290$13,703▼ $47,587
Pledges and Grants Receivable$18,142$9,820▼ $8,322
Total Assets$1,712,094$2,573,757▲ $861,663
Other Assets Total$1,554,420$2,361,865▲ $807,445
Liabilities
Other Liabilities$1,955,083$3,485,372▲ $1,530,289
Accounts Payable and Accrued Expenses$432,654$668,833▲ $236,179
Mortgage Notes Payable Secured by Investment Property$321,468$338,200▲ $16,732
Unsecured Notes Loans Payable-$3,713-
Total Liabilities$2,709,205$4,496,118▲ $1,786,913
Net Assets / Fund Balance
Temporarily Rstr Net Assets$29,162$88,371▲ $59,209
Permanently Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-1,026,273$-2,010,732▼ $984,459
Total Net Assets Fund Balance$-997,111$-1,922,361▼ $925,250
Total Liabilities and Net Assets / Fund Balance$1,712,094$2,573,757▲ $861,663

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$67,098$55,285$0
Leasehold Improvements$21,273$1,022$0
Other Assets Org$2,361,865--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Jim GeorgeBoard President$750$750
Dave MontesanoBoard Member$750$750
Don CuretonBoard Treasurer$625$625
Justin PardiBoard Secretary$625$625
Owen SpaiteBoard Member$500$500

Highest Paid Contractors

ContractorServicesLocationCompensation
Cambridge Education GroupManagement Services275 W Market Street, Ste 1750, Akron, OH 44303$2,150,515
AEP Charter Winton LLCRents222 SW Columbia Street, Portland, OR 97201$305,095
Preferred Meal SystemsFood Service5240 St Charles Rd, Berkeley, IL 60163$226,347
PsiEducational Services2112 Case Pkwy S Unit 10, Twinsburg, OH 44087$145,740
Revenue and Support

Revenue Composition

Contributions and Grants
$3,857,252
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,857,252
Change in Net Assets
$-925,250

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,857,252
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$3,857,252
Total Revenue per Form 990
$3,857,252
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,782,502
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$2,454,212$0$0$2,454,212
Fees for Services Management$625,060--$625,060
Occupancy$619,415--$619,415
Fees for Services Other$318,508--$318,508
Interest$65,659--$65,659
Fees for Services Accounting$39,476--$39,476
Advertising$39,474--$39,474
Insurance$32,018--$32,018
Depreciation Depletion$28,948--$28,948
Fees for Services Legal-$9,653-$9,653
Office Expenses$7,797--$7,797
Travel$6,883--$6,883
All Other Expenses$5,757--$5,757
Total Functional Expenses$4,680,198$102,304$0$4,782,502

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,782,502
Total Expenses per Audited Statements$4,782,502
Total Expenses per Form 990$4,782,502
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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$3,485,372
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The school contracted with a management company, Cambridge Education Group, to provide certain operational functions and management services.

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

The Form 990 is prepared and reviewed by the fiscal officer. After the review of the Form 990, it is provided to the Board of Directors' legal counsel for review. Once completed, it is then provided to the Board President for review and to the Treasurer for signature and filing.

Form 990, Part VI, Section B, Line 12C

The Board of Directors, in conjunction with their legal counsel consistently review compliance with federal and state regulations. In addition, the school is continuously monitored by its sponsor to ensure compliance with laws and regulations.

Form 990, Part VI, Section C, Line 19

The school's governing documents, conflict of interest policy and financial statements are maintained by its legal counsel and fiscal officer, and may be provided upon request.

Filing and Contact Details

Filer

Filer Name
Winton Preparatory Academy
EIN
46-2042808
Address
4750 Winton Road, Cincinnati, OH 45232

Signing Officer

Name
David Massa
Title
Treasurer
Phone
3305150572
Signed
2018-02-07

Organization Details

Principal Officer
C David Massa
Formed
2013
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0
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IRS990/Desc0Our goal is to provide students with the essential knowledge and higher order thinking skills they need to become responsible and productive adults in society. Our academic goals provide a road map for teachers to follow while still allowing the time for creativity, differentiation, and completion of the performance standards necessary for all students to understand the content, and to have experiences that connect learning to real world scenarios.
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IRS990/MissionDesc0To achieve the mission, our School will integrate current learning technologies into each classroom. We will offer authentic learning experiences that are representative of how children learn best, as well as offer a schedule and support activities that enable each student to reach to his or her potential. We want our students to leave with the skills and abilities necessary to achieve academic excellence, personal growth, and success as lifelong learners. This mission requires the support of the faculty, staff, families, and community in order to encourage and empower students to be responsible and valued citizens.
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IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03103133
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt03471178
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-368045
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt03471178
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03103133
IRS990/ReconcilationRevenueExpnssAmt0-925250
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03857252
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt067098
IRS990ScheduleD/EquipmentGrp/DepreciationAmt055285
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0122383
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04782502
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt021273
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01022
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt022295
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02361865
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows of Resources
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03485372
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03857252
IRS990ScheduleD/TotalBookValueLandBuildingsAmt088371
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02361865
IRS990ScheduleD/TotalExpensesPerForm990Amt04782502
IRS990ScheduleD/TotalLiabilityAmt03485372
IRS990ScheduleD/TotalRevenuePerForm990Amt03857252
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03857252
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04782502
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The school provides a parent student handbook that describes their policies regarding discrimination as well as any literature that is sent to the public includes a statement about such policies.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The school is a community school in Ohio and does not provide scholarships or financial assistance as a free public school.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 4
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The school contracted with a management company, Cambridge Education Group, to provide certain operational functions and management services.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is prepared and reviewed by the fiscal officer. After the review of the Form 990, it is provided to the Board of Directors' legal counsel for review. Once completed, it is then provided to the Board President for review and to the Treasurer for signature and filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors, in conjunction with their legal counsel consistently review compliance with federal and state regulations. In addition, the school is continuously monitored by its sponsor to ensure compliance with laws and regulations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The school's governing documents, conflict of interest policy and financial statements are maintained by its legal counsel and fiscal officer, and may be provided upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
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 C, Line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt029162
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt088371
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01712094
IRS990/TotalAssetsEOYAmt02573757
IRS990/TotalAssetsGrp/BOYAmt01712094
IRS990/TotalAssetsGrp/EOYAmt02573757
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03857252
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0102304
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04680198
IRS990/TotalFunctionalExpensesGrp/TotalAmt04782502
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02709205
IRS990/TotalLiabilitiesEOYAmt04496118
IRS990/TotalLiabilitiesGrp/BOYAmt02709205
IRS990/TotalLiabilitiesGrp/EOYAmt04496118
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-997111
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1922361
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt04680198
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt03250
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03857252
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00

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