Civic Intelligence

West Park Bilingual Academy

990 • Fiscal year 2015 • EIN 46-2555793

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 28, 2016

Organization ProfileWWW.THE-ACADEMIES.COM
12913 Bennington AvenueCleveland, OH 44135

(216) 251-5450

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.11x

Higher debt load relative to assets than 93% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

84th percentile

1.00x

Higher debt load relative to revenue than 84% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

17th percentile

-15%

Higher net margin than 17% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

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.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Balance Sheet
Liabilities / Assets93rd percentile

Assets

$2,940,653

No earlier filing loaded for comparison.

Net Assets

-$324,746

No earlier filing loaded for comparison.

Liabilities

$3,265,399

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin17th percentile

Revenue

$3,274,239

No earlier filing loaded for comparison.

Expenses

$3,775,641

No earlier filing loaded for comparison.

Net Income

-$501,402

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$4.0M$2.0M$0-$2.0MAssets 2015: $2,940,653Liabilities 2015: $3,265,399Net Assets 2015: -$324,7462015Assets 2016: $3,085,982Liabilities 2016: $3,429,650Net Assets 2016: -$343,6682016Assets 2017: $1,855,844Liabilities 2017: $3,383,043Net Assets 2017: -$1,527,1992017Assets 2018: $1,245,066Liabilities 2018: $2,890,671Net Assets 2018: -$1,645,6052018Assets 2019: $587,017Liabilities 2019: $2,351,868Net Assets 2019: -$1,764,8512019Assets 2020: $674,067Liabilities 2020: $2,193,035Net Assets 2020: -$1,518,9682020Assets 2021: $806,265Liabilities 2021: $2,207,738Net Assets 2021: -$1,401,4732021Assets 2022: $1,301,821Liabilities 2022: $2,604,043Net Assets 2022: -$1,302,2222022Assets 2023: $1,212,271Liabilities 2023: $2,538,897Net Assets 2023: -$1,326,6262023Assets 2024: $1,330,989Liabilities 2024: $2,727,138Net Assets 2024: -$1,396,1492024

Highlighted filing

2015

Assets$2,940,653
Liabilities$3,265,399
Net Assets-$324,746
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $3,274,239Expenses 2015: $3,775,641Net Income 2015: -$501,4022015Revenue 2016: $2,439,198Expenses 2016: $2,458,120Net Income 2016: -$18,9222016Revenue 2017: $2,469,535Expenses 2017: $3,009,628Net Income 2017: -$540,0932017Revenue 2018: $2,275,460Expenses 2018: $1,892,785Net Income 2018: $382,6752018Revenue 2019: $2,541,748Expenses 2019: $2,660,994Net Income 2019: -$119,2462019Revenue 2020: $2,858,783Expenses 2020: $2,612,900Net Income 2020: $245,8832020Revenue 2021: $3,509,213Expenses 2021: $3,391,718Net Income 2021: $117,4952021Revenue 2022: $3,676,633Expenses 2022: $3,577,382Net Income 2022: $99,2512022Revenue 2023: $4,314,644Expenses 2023: $4,339,048Net Income 2023: -$24,4042023Revenue 2024: $4,170,142Expenses 2024: $4,239,665Net Income 2024: -$69,5232024

Highlighted filing

2015

Revenue$3,274,239
Expenses$3,775,641
Net Income-$501,402
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 28, 2016
Return Version
2014v6.0
Gross Receipts
$3,274,239
Mission and Program Overview

Mission

"it is our mission to provide an effective, consistent, and academically rigorous education in a safe, disciplined, and nurturing environment. We will empower students to reach their fullest potential by implementing a comprehensive curriculum facilitated by highly effective educators in collaboration with families in the community, and supported by progressive technology."

Provide a high quality alternative education opportunity for children ages 5-14, grades k-8

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges-$2,806,313-
Cash and Non-Interest-Bearing Accounts$56,538$92,935▲ $36,397
Pledges and Grants Receivable$220,689$41,405▼ $179,284
Total Assets$277,227$2,940,653▲ $2,663,426
Liabilities
Other Liabilities$10,716$2,727,880▲ $2,717,164
Deferred Revenue-$488,767-
Grants Payable$220,689$45,899▼ $174,790
Accounts Payable and Accrued Expenses$1,680$2,853▲ $1,173
Total Liabilities$233,085$3,265,399▲ $3,032,314
Net Assets / Fund Balance
Unrestricted Net Assets$44,142$-324,746▼ $368,888
Total Net Assets Fund Balance$44,142$-324,746▼ $368,888
Total Liabilities and Net Assets / Fund Balance$277,227$2,940,653▲ $2,663,426
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
David ShepherdPresident
Steven VargaVice President
David FlorezBoard Member
Glenn BebieBoard Member
Jeffrey a Foster CPAFiscal Officer
Carl FreySecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Sta West LLCEducational Management121 SOUTH MAIN ST SUITE 200, Akron, OH 44308$3,139,044
Revenue and Support

Revenue Composition

Contributions and Grants
$3,266,229
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$8,010
Change in Net Assets
$-501,402

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,274,239
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,274,239
Total Revenue per Form 990
$3,274,239
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,252,525
Salaries, Compensation, and Employee Benefits$523,116
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$3,139,044--$3,139,044
Pension Plan Contributions$523,116--$523,116
Fees for Services Accounting-$15,960-$15,960
Other Expenses-$12,647-$12,647
Insurance-$5,472-$5,472
Fees for Services Legal-$4,434-$4,434
Office Expenses-$194-$194
Advertising$81--$81
Total Functional Expenses$3,662,241$113,400$0$3,775,641

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,775,641
Total Expenses per Audited Statements$3,775,641
Total Expenses per Form 990$3,775,641
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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$2,708,148
Continuing Fees Payable$19,732
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 contracts with sta west, llc for most of its functions. Sta west, llc is responsible and accountable to the school's board of directors for the administration and operation of the school. The school is required to pay sta west, llc a continuing fee of 95 percent of the school's "qualified gross revenues and sta west, llc is responsible for all costs incurred in providing the educational program at the school. While control over the management duties of the school has been delegated to sta west, llc by virtue of the management agreement, the governing authority still has the overall responsibility to oversee the accounting procedures.”

Form 990, Part VI, Section B, Line 11

“A copy of the completed form 990 is sent to the board president and school treasurer to be reviewed and signed before filing.”

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

“The governing authority reviews the conflict of interest policy annually.”

Form 990, Part VI, Section C, Line 19

“Upon written or verbal request, documents are made available to the public. However, for the end of the year unaudited financials, a public notice is placed in the local papers stating that the unaudited financials are available for review.”

Filing and Contact Details

Filer

Filer Name
West Park Academy
EIN
46-2555793
Phone
2162515450
Address
12913 BENNINGTON AVENUE, CLEVELAND, OH 44135

Signing Officer

Name
David Shepherd
Title
President
Phone
2162515450
Signed
2016-01-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Shepherd
Formed
2013
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Skoda Minotti & Co
Address
3320 WEST MARKET STREET STE 300, FAIRLAWN, OH 44333
Preparer
Jeffrey a Foster CPA
Phone
3306681100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Prior period adjustment due to implementation of gasb 68 132,514.”

FORM 990, PART XII, LINE 2C:

“The organization does have a committee that assumes oversight responsibility of the audit, review of its financial statements, and selection of an independent accountant. This policy has been in place since inception.”

Raw XML Appendix360 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/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
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IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0A STATEMENT READING "ALL EDUCATIONAL PROGRAMS ARE AVAILABLE WITHOUT REGARD TO RACE, COLOR, NATIONAL ORIGIN, SEX OR DISABILITY" IS ALWAYS INCLUDED. THIS STATEMENT IS PUBLISHED IN THE PARENT/STUDENT HANDBOOK, BOARD POLICY BOOK AND ON THE WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT PROVIDE SCHOLARSHIPS OR FINANCIAL ASSISTANCE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL CURRENTLY PARTICIPATES IN THE STATE FOUNDATION PROGRAM. REVENUES RECEIVED FROM THIS PROGRAM ARE RECOGNIZED AS OPERATING REVENUES IN THE ACCOUNTING PERIOD IN WHICH ALL ELIGIBILITY REQUIREMENTS HAVE BEEN MET. THE SCHOOL ALSO PARTICIPATES IN THE FEDERAL CHARTER SCHOOL GRANT PROGRAM THROUGH THE OHIO DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL CONTRACTS WITH STA WEST, LLC FOR MOST OF ITS FUNCTIONS. STA WEST, LLC IS RESPONSIBLE AND ACCOUNTABLE TO THE SCHOOL'S BOARD OF DIRECTORS FOR THE ADMINISTRATION AND OPERATION OF THE SCHOOL. THE SCHOOL IS REQUIRED TO PAY STA WEST, LLC A CONTINUING FEE OF 95 PERCENT OF THE SCHOOL'S "QUALIFIED GROSS REVENUES AND STA WEST, LLC IS RESPONSIBLE FOR ALL COSTS INCURRED IN PROVIDING THE EDUCATIONAL PROGRAM AT THE SCHOOL. WHILE CONTROL OVER THE MANAGEMENT DUTIES OF THE SCHOOL HAS BEEN DELEGATED TO STA WEST, LLC BY VIRTUE OF THE MANAGEMENT AGREEMENT, THE GOVERNING AUTHORITY STILL HAS THE OVERALL RESPONSIBILITY TO OVERSEE THE ACCOUNTING PROCEDURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE COMPLETED FORM 990 IS SENT TO THE BOARD PRESIDENT AND SCHOOL TREASURER TO BE REVIEWED AND SIGNED BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING AUTHORITY REVIEWS THE CONFLICT OF INTEREST POLICY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON WRITTEN OR VERBAL REQUEST, DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC. HOWEVER, FOR THE END OF THE YEAR UNAUDITED FINANCIALS, A PUBLIC NOTICE IS PLACED IN THE LOCAL PAPERS STATING THAT THE UNAUDITED FINANCIALS ARE AVAILABLE FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRIOR PERIOD ADJUSTMENT DUE TO IMPLEMENTATION OF GASB 68 132,514.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DOES HAVE A COMMITTEE THAT ASSUMES OVERSIGHT RESPONSIBILITY OF THE AUDIT, REVIEW OF ITS FINANCIAL STATEMENTS, AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS POLICY HAS BEEN IN PLACE SINCE INCEPTION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0277227
IRS990/TotalAssetsEOYAmt02940653
IRS990/TotalAssetsGrp/BOYAmt0277227
IRS990/TotalAssetsGrp/EOYAmt02940653
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03266229
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0113400
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03662241
IRS990/TotalFunctionalExpensesGrp/TotalAmt03775641
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0233085
IRS990/TotalLiabilitiesEOYAmt03265399
IRS990/TotalLiabilitiesGrp/BOYAmt0233085
IRS990/TotalLiabilitiesGrp/EOYAmt03265399
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt044142
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-324746
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03662241
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08010
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03274239
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0277227
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02940653
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt044142
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-324746
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt012913 BENNINGTON AVENUE
IRS990/USAddress/CityNm0CLEVELAND
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044135
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.THE-ACADEMIES.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID SHEPHERD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02162515450
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-01-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WEST PARK ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0WEST
ReturnHeader/Filer/EIN0462555793
ReturnHeader/Filer/PhoneNum02162515450
ReturnHeader/Filer/USAddress/AddressLine1Txt012913 BENNINGTON AVENUE
ReturnHeader/Filer/USAddress/CityNm0CLEVELAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044135
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0341945206
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SKODA MINOTTI & CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03320 WEST MARKET STREET STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FAIRLAWN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd044333
ReturnHeader/PreparerPersonGrp/PhoneNum03306681100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY A FOSTER CPA
ReturnHeader/ReturnTs02016-05-02T14:45:57-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,940,653
Liabilities
$3,265,399
Net assets
-$324,746
Revenue
$3,274,239
Expenses
$3,775,641
Net income
-$501,402
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.33$2.73$1.40$4.17$4.24$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.21$2.54$1.33$4.31$4.34$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.30$2.60$1.30$3.68$3.58$0.10
2021Detailed filing. Detailed filing data is available for this year.$0.81$2.21$1.40$3.51$3.39$0.12
2020Detailed filing. Detailed filing data is available for this year.$0.67$2.19$1.52$2.86$2.61$0.25
2019Detailed filing. Detailed filing data is available for this year.$0.59$2.35$1.76$2.54$2.66$0.12
2018Detailed filing. Detailed filing data is available for this year.$1.25$2.89$1.65$2.28$1.89$0.38
2017Detailed filing. Detailed filing data is available for this year.$1.86$3.38$1.53$2.47$3.01$0.54
2016Detailed filing. Detailed filing data is available for this year.$3.09$3.43$0.34$2.44$2.46$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.94$3.27$0.32$3.27$3.78$0.50