Civic Intelligence

Universal Academy for the College Bound

990 • Fiscal year 2016 • EIN 46-2192790

Jul 01, 2015 to Jun 30, 2016 • Filed on Mar 09, 2017

800 south 15th streetphiladelphia, PA 19146

(215) 471-2905

Siviq Scores

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

Liabilities / Assets

99th percentile

3.51x

Higher debt load relative to assets than 99% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

74th percentile

0.64x

Higher debt load relative to revenue than 74% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

14th percentile

-20%

Higher net margin than 14% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

71st percentile

$176,538

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

88th percentile

28%

Faster asset growth than 88% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

82nd percentile

25%

Faster revenue growth than 82% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,607,820

Up $354,566 (+28%) from 2015

Net Assets

Down

-$4,039,810

Down $1,799,422 (-80%) from 2015

Liabilities

Up

$5,647,630

Up $2,153,988 (+62%) from 2015

Revenue

Up

$8,884,231

Up $1,788,715 (+25%) from 2015

Expenses

Up

$10,683,654

Up $2,991,508 (+39%) from 2015

Net Income

Down

-$1,799,423

Down $1,202,793 (-202%) from 2015

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2014: $757,331Liabilities 2014: $2,401,089Net Assets 2014: -$1,643,7582014Assets 2015: $1,253,254Liabilities 2015: $3,493,642Net Assets 2015: -$2,240,3882015Assets 2016: $1,607,820Liabilities 2016: $5,647,630Net Assets 2016: -$4,039,8102016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2016

Assets$1,607,820
Liabilities$5,647,630
Net Assets-$4,039,810

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2014: $4,935,780Expenses 2014: $6,299,217Net Income 2014: -$1,363,4372014Revenue 2015: $7,095,516Expenses 2015: $7,692,146Net Income 2015: -$596,6302015Revenue 2016: $8,884,231Expenses 2016: $10,683,654Net Income 2016: -$1,799,4232016Revenue 2017: $9,801,091Expenses 2017: $5,761,281Net Income 2017: $4,039,8102017

Highlighted filing

2016

Revenue$8,884,231
Expenses$10,683,654
Net Income-$1,799,423
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 9, 2017
Return Version
2015v3.0
Gross Receipts
$8,884,231
Mission and Program Overview

Mission

to provide a School-To-Career Academic Program that emphasizes self-sufficiency, civic responsibility and problem solving through Mathematics, Language Arts and the Sciences.

To operate a charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$566,979$1,476,198▲ $909,219
Cash and Non-Interest-Bearing Accounts$281,864$0▼ $281,864
Pledges and Grants Receivable$204,041$87,867▼ $116,174
Total Assets$1,253,254$1,607,820▲ $354,566
Other Assets Total$200,370$43,755▼ $156,615
Liabilities
Unsecured Notes Loans Payable$933,562$2,018,624▲ $1,085,062
Other Liabilities$699,681$1,532,811▲ $833,130
Accounts Payable and Accrued Expenses$1,642,524$1,199,424▼ $443,100
Deferred Revenue$217,875$896,771▲ $678,896
Total Liabilities$3,493,642$5,647,630▲ $2,153,988
Net Assets / Fund Balance
Unrestricted Net Assets$-2,240,388$-4,039,810▼ $1,799,422
Total Net Assets Fund Balance$-2,240,388$-4,039,810▼ $1,799,422
Total Liabilities and Net Assets / Fund Balance$1,253,254$1,607,820▲ $354,566

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,056,890$120,614$1,177,504
Other Land Buildings$319,844$140,419$460,263
Equipment$99,464$118,242$217,706
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$504,337
Program Service Revenue
$8,379,894
Investment Income
$0
Other Revenue
$0
All Other Contributions
$51,550
Change in Net Assets
$-1,799,423

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,884,231
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,141,140
Total Revenue per Audited Statements
$10,025,371
Total Revenue per Form 990
$8,884,231
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,186,058
Other Expenses$4,497,596
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,975,066$701,482-$4,676,548
Other Employee Benefits$887,176$156,561-$1,043,737
Occupancy$878,279$97,587-$975,866
Travel$942,562--$942,562
Payroll Taxes$395,907$69,866-$465,773
All Other Expenses$197,850$246,215-$444,065
Fees for Services Other$442,040--$442,040
Other Expenses$214,312$234,151-$214,312
Depreciation Depletion$207,194--$207,194
Advertising$206,635--$206,635
Office Expenses$69,190$210-$69,400
Insurance$68,813--$68,813
Interest$52,142--$52,142
Conferences and Meetings$34,759--$34,759
Fees for Services Accounting-$31,500-$31,500
Total Functional Expenses$9,146,082$1,537,572$0$10,683,654

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$11,824,793
Expenses per Audited Statements$10,683,653
Total Expenses per Form 990$10,683,653
Expenses Not Reported on Form 990$1,141,140
Expenses Not Reported on Financial Statements$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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Shahied DawanCFO & COO of universal Community Homes & universal education companiesUniversal education companies provides management services to the school.No-
abdur-rahim islamPresident & CEO of Universal Community homes & Universal Education CompanieUniversal education companies provides management services to the school.No-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
due to related party$1,391,400
Interest Payable$127,779
Bank Overdraft$13,632
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
Yes
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 organization designated management duties to another organization. This organization oversees the day to day operations.

Form 990, Part VI, Section B, line 11

A copy of the form 990 is distributed at a board meeting, reviewed, and approved.

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

Officers and directors are to annually disclose to the board of directors any conflicts of interest. The organization's president monitors proposed or ongoing transactions for conflicts of interest and discloses them to the board of directors.

Form 990, Part VI, Section B, line 15

The board of directors reviews and approves compensation.

Form 990, Part VI, Section C, line 19

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

Filing and Contact Details

Filer

Filer Name
Universal Academy for the College Bound
EIN
46-2192790
Phone
2154712905
Address
800 south 15th street, philadelphia, PA 19146

Signing Officer

Name
Abdur-rahim Islam
Title
president
Phone
2157326518
Signed
2017-03-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
abdur-rahim islam
Formed
2013
Legal Domicile
Wi
Voting Board Members
11
Independent Board Members
11
Employees
146
Volunteers
0

Preparer

Firm
Haefele Flanagan & Co pc
Address
1000 S Lenola Road, Maple Shade, NJ 08052
Preparer
James A Rogers Jr CPA
Phone
8567225300
Supplemental Narrative

Additional Explanations

Form 990 Part XII

The process has not changed from the prior year.

Financial Statement Notes

Part X, Line 2:

The School has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.

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IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt08379894
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/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt01141140
IRS990ScheduleD/DonatedServicesUseFcltsAmt01141140
IRS990ScheduleD/EquipmentGrp/BookValueAmt099464
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0118242
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0217706
IRS990ScheduleD/ExpensesNotReportedAmt01141140
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt010683653
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01056890
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0120614
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01177504
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0319844
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0140419
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0460263
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01391400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1127779
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt213632
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0due to related party
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2BANK OVERDRAFT
IRS990ScheduleD/RevenueNotReportedAmt01141140
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt08884231
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The School has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01476198
IRS990ScheduleD/TotalExpensesPerForm990Amt010683653
IRS990ScheduleD/TotalLiabilityAmt01532811
IRS990ScheduleD/TotalRevenuePerForm990Amt08884231
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010025371
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011824793
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Charter School law prohibits discrimination
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The School receives federal awards and state awards and per pupil funding from Local Education Agencies.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0176538
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1171346
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0rahim islam
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1shahied dawan
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0chairman
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1treasurer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0176538
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1171346
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0abdur-rahim islam
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1Shahied Dawan
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0President & CEO of Universal Community homes & Universal Education Companie
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1CFO & COO of universal Community Homes & universal education companies
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Universal education companies provides management services to the school.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Universal education companies provides management services to the school.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization designated management duties to another organization. This organization oversees the day to day operations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS DISTRIBUTED AT A BOARD MEETING, REVIEWED, AND APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICERS AND DIRECTORS ARE TO ANNUALLY DISCLOSE TO THE BOARD OF DIRECTORS ANY CONFLICTS OF INTEREST. THE ORGANIZATION'S PRESIDENT MONITORS PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND DISCLOSES THEM TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REVIEWS AND APPROVES COMPENSATION.

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