Civic Intelligence

University Academy

990 • Fiscal year 2016 • EIN 46-2558352

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 08, 2017

Organization ProfileWWW.THE-ACADEMIES.COM
107 South Arlington StreetAkron, OH 44306

(330) 535-7728

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.08x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

87th percentile

1.39x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

26th percentile

-6.9%

Higher net margin than 26% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$1,125

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

95th percentile

98%

Faster asset growth than 95% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

23rd percentile

-11%

Faster revenue growth than 23% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$2,392,721

Up $1,186,410 (+98%) from 2015

Net Assets

Down

-$194,759

Down $128,250 (-193%) from 2015

Liabilities

Up

$2,587,480

Up $1,314,660 (+103%) from 2015

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin26th percentile

Revenue

Down

$1,862,148

Down $232,026 (-11%) from 2015

Expenses

Down

$1,990,398

Down $239,396 (-11%) from 2015

Net Income

Up

-$128,250

Up $7,370 (+5.4%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MAssets 2015: $1,206,311Liabilities 2015: $1,272,820Net Assets 2015: -$66,5092015Assets 2016: $2,392,721Liabilities 2016: $2,587,480Net Assets 2016: -$194,7592016Assets 2017: $1,756,338Liabilities 2017: $2,768,900Net Assets 2017: -$1,012,5622017Assets 2018: $1,468,667Liabilities 2018: $2,578,233Net Assets 2018: -$1,109,5662018Assets 2019: $915,862Liabilities 2019: $2,145,646Net Assets 2019: -$1,229,7842019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2016

Assets$2,392,721
Liabilities$2,587,480
Net Assets-$194,759
Open 2016 Filing

Operations Trend

Revenue Growth23rd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $2,094,174Expenses 2015: $2,229,794Net Income 2015: -$135,6202015Revenue 2016: $1,862,148Expenses 2016: $1,990,398Net Income 2016: -$128,2502016Revenue 2017: $1,777,735Expenses 2017: $2,347,347Net Income 2017: -$569,6122017Revenue 2018: $2,070,982Expenses 2018: $1,766,101Net Income 2018: $304,8812018Revenue 2019: $2,463,828Expenses 2019: $2,584,046Net Income 2019: -$120,2182019Revenue 2020: $2,415,931Expenses 2020: $2,616,198Net Income 2020: -$200,2672020

Highlighted filing

2016

Revenue$1,862,148
Expenses$1,990,398
Net Income-$128,250
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 8, 2017
Return Version
2015v3.0
Gross Receipts
$1,862,148
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."

To 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$1,140,546$2,351,949▲ $1,211,403
Pledges and Grants Receivable$28,564$24,410▼ $4,154
Cash and Non-Interest-Bearing Accounts$37,201$16,362▼ $20,839
Total Assets$1,206,311$2,392,721▲ $1,186,410
Liabilities
Other Liabilities$1,048,458$2,555,069▲ $1,506,611
Grants Payable$34,107$17,666▼ $16,441
Accounts Payable and Accrued Expenses$2,812$12,516▲ $9,704
Deferred Revenue$187,443$2,229▼ $185,214
Total Liabilities$1,272,820$2,587,480▲ $1,314,660
Net Assets / Fund Balance
Unrestricted Net Assets$-66,509$-194,759▼ $128,250
Total Net Assets Fund Balance$-66,509$-194,759▼ $128,250
Total Liabilities and Net Assets / Fund Balance$1,206,311$2,392,721▲ $1,186,410
Compensation and Service Providers
Top Officer Pay35th percentile

Employees

NameTitleBaseTotal
Dr Charlotte BurrellPresident$1,125$1,125
Jean LeeVice President$1,125$1,125
Marilyn HolleyTreasurer$975$975
Dr David DuboisDirector$875$875

Board Members and Trustees

NameTitle
Gwen Poole-chambersDirector
Jeffrey a Foster CPAFiscal Officer

Highest Paid Contractors

ContractorServicesLocationCompensation
Sta Arlington LLCEducational Management121 SOUTH MAIN STREET SUITE 200, Akron, OH 44308$1,770,172
Revenue and Support

Revenue Composition

Contributions and Grants
$1,839,698
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$22,450
Change in Net Assets
$-128,250

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,862,148
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,862,148
Total Revenue per Form 990
$1,862,148
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,883,672
Salaries, Compensation, and Employee Benefits$106,726
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$1,770,172--$1,770,172
Pension Plan Contributions$106,726--$106,726
Fees for Services Legal-$29,803-$29,803
Fees for Services Accounting-$20,394-$20,394
Other Expenses-$16,453-$16,453
Insurance-$6,198-$6,198
Office Expenses-$203-$203
Total Functional Expenses$1,876,898$113,500$0$1,990,398

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,990,398
Total Expenses per Audited Statements$1,990,398
Total Expenses per Form 990$1,990,398
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$2,548,664
Continuing Fees Payable$6,405
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 arlington, llc for most of its functions. Sta arlington, 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 arlington, llc a continuing fee of 95 percent of the school's "qualified gross revenues and sta arlington, 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 arlington, 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
University Academy
EIN
46-2558352
Phone
3305357728
Address
107 SOUTH ARLINGTON STREET, AKRON, OH 44306

Signing Officer

Name
Jean Lee
Title
President
Phone
3305357728
Signed
2017-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jean Lee
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 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 has been in place since inception.”

Raw XML Appendix355 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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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 ARLINGTON, LLC FOR MOST OF ITS FUNCTIONS. STA ARLINGTON, 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 ARLINGTON, LLC A CONTINUING FEE OF 95 PERCENT OF THE SCHOOL'S "QUALIFIED GROSS REVENUES AND STA ARLINGTON, 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 ARLINGTON, 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/ExplanationTxt4THE ORGANIZATION DOES HAVE A COMMITTEE THAT ASSUMES OVERSIGHT RESPONSIBILITY OF THE AUDIT, REVIEW OF ITS FINANCIAL STATEMENTS, AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS 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 XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01206311
IRS990/TotalAssetsEOYAmt02392721
IRS990/TotalAssetsGrp/BOYAmt01206311
IRS990/TotalAssetsGrp/EOYAmt02392721
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01839698
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0113500
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01876898
IRS990/TotalFunctionalExpensesGrp/TotalAmt01990398
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01272820
IRS990/TotalLiabilitiesEOYAmt02587480
IRS990/TotalLiabilitiesGrp/BOYAmt01272820
IRS990/TotalLiabilitiesGrp/EOYAmt02587480
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-66509
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-194759
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01876898
IRS990/TotalReportableCompFromOrgAmt04100
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt022450
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01862148
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01206311
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02392721
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-66509
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-194759
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0107 SOUTH ARLINGTON STREET
IRS990/USAddress/CityNm0AKRON
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044306
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.THE-ACADEMIES.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEAN LEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03305357728
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0UNIVERSITY ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0UNIV
ReturnHeader/Filer/EIN0462558352
ReturnHeader/Filer/PhoneNum03305357728
ReturnHeader/Filer/USAddress/AddressLine1Txt0107 SOUTH ARLINGTON STREET
ReturnHeader/Filer/USAddress/CityNm0AKRON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044306
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/ReturnTs02017-02-24T10:24:49-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,392,721
Liabilities
$2,587,480
Net assets
-$194,759
Revenue
$1,862,148
Expenses
$1,990,398
Net income
-$128,250
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$2.42$2.62$0.20
2019Detailed filing. Detailed filing data is available for this year.$0.92$2.15$1.23$2.46$2.58$0.12
2018Detailed filing. Detailed filing data is available for this year.$1.47$2.58$1.11$2.07$1.77$0.30
2017Detailed filing. Detailed filing data is available for this year.$1.76$2.77$1.01$1.78$2.35$0.57
2016Detailed filing. Detailed filing data is available for this year.$2.39$2.59$0.19$1.86$1.99$0.13
2015Detailed filing. Detailed filing data is available for this year.$1.21$1.27$0.07$2.09$2.23$0.14