Civic Intelligence

East Preparatory Academy

990 • Fiscal year 2019 • EIN 46-2285806

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 15, 2020

4129 Superior AvenueCleveland, OH 44103

(330) 515-0572

Siviq Scores

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

Liabilities / Assets

99th percentile

2.74x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

89th percentile

1.34x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

16th percentile

-15%

Higher net margin than 16% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

37th percentile

$3,623

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

92nd percentile

56%

Faster asset growth than 92% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

37th percentile

-0.8%

Faster revenue growth than 37% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,048,476

Up $376,592 (+56%) from 2018

Net Assets

Up

-$1,823,606

Up $411,886 (+18%) from 2018

Liabilities

Down

$2,872,082

Down $35,294 (-1.2%) from 2018

Revenue

Down

$2,139,999

Down $17,037 (-0.8%) from 2018

Expenses

Down

$2,455,883

Down $182,379 (-6.9%) from 2018

Net Income

Up

-$315,884

Up $165,342 (+34%) from 2018

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2014: $70,584Liabilities 2014: $408,448Net Assets 2014: -$337,8642014Assets 2015: $798,087Liabilities 2015: $1,218,092Net Assets 2015: -$420,0052015Assets 2016: $1,101,975Liabilities 2016: $1,831,565Net Assets 2016: -$729,5902016Assets 2017: $1,644,770Liabilities 2017: $2,968,644Net Assets 2017: -$1,323,8742017Assets 2018: $671,884Liabilities 2018: $2,907,376Net Assets 2018: -$2,235,4922018Assets 2019: $1,048,476Liabilities 2019: $2,872,082Net Assets 2019: -$1,823,6062019Assets 2020: $748,287Liabilities 2020: $2,446,229Net Assets 2020: -$1,697,9422020Assets 2021: $945,424Liabilities 2021: $2,381,273Net Assets 2021: -$1,435,8492021Assets 2022: $1,961,633Liabilities 2022: $3,046,745Net Assets 2022: -$1,085,1122022Assets 2023: $2,293,247Liabilities 2023: $3,120,863Net Assets 2023: -$827,6162023Assets 2024: $2,648,787Liabilities 2024: $3,010,997Net Assets 2024: -$362,2102024Assets 2025: $2,409,550Liabilities 2025: $2,656,277Net Assets 2025: -$246,7272025

Highlighted filing

2019

Assets$1,048,476
Liabilities$2,872,082
Net Assets-$1,823,606

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $524,450Expenses 2014: $862,314Net Income 2014: -$337,8642014Revenue 2015: $1,466,883Expenses 2015: $1,617,407Net Income 2015: -$150,5242015Revenue 2016: $1,968,692Expenses 2016: $2,278,277Net Income 2016: -$309,5852016Revenue 2017: $2,110,869Expenses 2017: $2,639,345Net Income 2017: -$528,4762017Revenue 2018: $2,157,036Expenses 2018: $2,638,262Net Income 2018: -$481,2262018Revenue 2019: $2,139,999Expenses 2019: $2,455,883Net Income 2019: -$315,8842019Revenue 2020: $2,321,724Expenses 2020: $2,196,060Net Income 2020: $125,6642020Revenue 2021: $2,499,176Expenses 2021: $2,237,083Net Income 2021: $262,0932021Revenue 2022: $2,992,511Expenses 2022: $2,641,774Net Income 2022: $350,7372022Revenue 2023: $3,232,274Expenses 2023: $2,974,778Net Income 2023: $257,4962023Revenue 2024: $4,821,812Expenses 2024: $4,356,406Net Income 2024: $465,4062024Revenue 2025: $3,547,290Expenses 2025: $3,431,807Net Income 2025: $115,4832025

Highlighted filing

2019

Revenue$2,139,999
Expenses$2,455,883
Net Income-$315,884
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 15, 2020
Return Version
2018v3.0
Gross Receipts
$2,139,999
Mission and Program Overview

Mission

East Preparatory Academy, serving grades K-8, 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 student success in school, at future work, and in life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$133,725$92,109▼ $41,616
Prepaid Expenses and Deferred Charges$15,000$15,000→ $0
Pledges and Grants Receivable$20,928$8,170▼ $12,758
Accounts Receivable$9,449$345▼ $9,104
Total Assets$1,373,435$1,048,476▼ $324,959
Other Assets Total$1,194,333$932,852▼ $261,481
Liabilities
Other Liabilities$2,072,162$2,000,689▼ $71,473
Accounts Payable and Accrued Expenses$488,195$600,480▲ $112,285
Unsecured Notes Loans Payable$320,800$270,913▼ $49,887
Total Liabilities$2,881,157$2,872,082▼ $9,075
Net Assets / Fund Balance
Permanently Rstr Net Assets$18,068$0▼ $18,068
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-1,525,790$-1,823,606▼ $297,816
Total Net Assets Fund Balance$-1,507,722$-1,823,606▼ $315,884
Total Liabilities and Net Assets / Fund Balance$1,373,435$1,048,476▼ $324,959

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$46,365--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Brenda GoinsBoard Member$3,623$3,623
Velma ChandlerBoard Member$3,040$3,040
Rhonda Young HurtBoard President$2,749$2,749
Marilyn WilliamsBoard Member$2,499$2,499
Amanda ThreatBoard Member$1,874$1,874

Highest Paid Contractors

ContractorServicesLocationCompensation
Oakmont EducationEducation Management481 N Cleveland Massillon Road, Akron, OH 44334$1,065,532
J&F Transportation ServicesStudent Transportation5400 Warner Road, Valley View, OH 44125$213,425
Preferred MealsStudent Food Service5240 St Charles Road, Berkeley, IL 60163$109,169
Immaculate Conception ParishRent4129 Superior Avenue, Cleveland, OH 44103$100,571
Revenue and Support

Revenue Composition

Contributions and Grants
$2,139,999
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,139,999
Change in Net Assets
$-315,884

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,139,999
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$2,139,999
Total Revenue per Form 990
$2,139,999
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,267,384
Salaries, Compensation, and Employee Benefits$1,188,499
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$880,185--$880,185
Other Expenses$355,387$0$0$355,387
Fees for Services Management$314,566--$314,566
Other Employee Benefits$308,314--$308,314
Occupancy$138,366--$138,366
Fees for Services Other$128,941--$128,941
Interest$54,059--$54,059
Fees for Services Accounting$43,205--$43,205
Fees for Services Legal$35,684--$35,684
Advertising$32,814--$32,814
All Other Expenses$24,136--$24,136
Insurance$13,996--$13,996
Total Functional Expenses$2,455,883$0$0$2,455,883

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,455,883
Total Expenses per Audited Statements$2,455,883
Total Expenses per Form 990$2,455,883
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$1,526,871
Deferred Inflows of Resources - OPEB$196,374
Deferred Inflows of Resources - Pension$158,746
Net OPEB Liability$118,698
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 Oakmont Education to provide most of the staffing and other operational and management services for the school.

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 then provided to the Board of Directors, the Management Firm and the School Sponsor for review.

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

The Board of Directors consistently review compliance with federal and state regulations. In addition, the school is monitored at least bi-monthly 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
East Preparatory Academy
EIN
46-2285806
Address
4129 Superior Avenue, Cleveland, OH 44103

Signing Officer

Name
David Massa
Title
Treasurer
Phone
3305150572
Signed
2020-04-15

Organization Details

Principal Officer
Rhonda Young Hurt
Formed
2013
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0
Raw XML AppendixShowing 400 of 449 raw XML fields

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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IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02139999
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02455883
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt094023
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1792464
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt246365
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Net OPEB Asset
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred Outflows of Resources - Pension
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Deferred Outflows of Resources - OPEB
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01526871
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1118698
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2158746
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3196374
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net OPEB Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Deferred Inflows of Resources - Pension
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Deferred Inflows of Resources - OPEB
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02139999
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0932852
IRS990ScheduleD/TotalExpensesPerForm990Amt02455883
IRS990ScheduleD/TotalLiabilityAmt02000689
IRS990ScheduleD/TotalRevenuePerForm990Amt02139999
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02139999
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02455883
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/ExplanationTxt0The organization maintains a website wherein the policy is explained, as well as, on its enrollment materials.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The organization is a community school and as such, reviews funding from the State of Ohio through the Ohio Department of Education.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The school contracted with Oakmont Education to provide most of the staffing and other operational and management services for the school.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is prepared and reviewed by the Fiscal Officer. After the review of the Form 990, it is then provided to the Board of Directors, the Management Firm and the School Sponsor for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors consistently review compliance with federal and state regulations. In addition, the school is monitored at least bi-monthly 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
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0The Capella Institute
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0371425666
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Charter School
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0501c3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt05130 Warrensville Center Dr
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Maple Heights
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd044137
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01373435
IRS990/TotalAssetsEOYAmt01048476
IRS990/TotalAssetsGrp/BOYAmt01373435
IRS990/TotalAssetsGrp/EOYAmt01048476
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02139999
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02455883
IRS990/TotalFunctionalExpensesGrp/TotalAmt02455883
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02881157
IRS990/TotalLiabilitiesEOYAmt02872082
IRS990/TotalLiabilitiesGrp/BOYAmt02881157
IRS990/TotalLiabilitiesGrp/EOYAmt02872082
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1507722
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1823606
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00

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