Civic Intelligence

Lincoln Park Academy Inc.

990 • Fiscal year 2018 • EIN 46-2563769

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

3185 West 41st StreetCleveland, OH 44109

(216) 263-7008

Siviq Scores

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

Liabilities / Assets

98th percentile

2.15x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

86th percentile

1.04x

Higher debt load relative to revenue than 86% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

71st percentile

13%

Higher net margin than 71% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

36th percentile

$875

Higher top officer pay than 36% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

4th percentile

-27%

Faster asset growth than 4% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

18th percentile

-14%

Faster revenue growth than 18% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,061,014

Down $400,271 (-27%) from 2017

Net Assets

Down

-$1,221,665

Down $144,466 (-13%) from 2017

Liabilities

Down

$2,282,679

Down $255,805 (-10%) from 2017

Revenue

Down

$2,193,725

Down $350,491 (-14%) from 2017

Expenses

Down

$1,898,149

Down $1,154,341 (-38%) from 2017

Net Income

Up

$295,576

Up $803,850 (+158%) from 2017

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 2015: $1,702,342Liabilities 2015: $1,865,598Net Assets 2015: -$163,2562015Assets 2016: $2,112,303Liabilities 2016: $2,313,640Net Assets 2016: -$201,3372016Assets 2017: $1,461,285Liabilities 2017: $2,538,484Net Assets 2017: -$1,077,1992017Assets 2018: $1,061,014Liabilities 2018: $2,282,679Net Assets 2018: -$1,221,6652018Assets 2019: $801,541Liabilities 2019: $2,086,178Net Assets 2019: -$1,284,6372019Assets 2020: $1,959,723Liabilities 2020: $3,640,967Net Assets 2020: -$1,681,2442020Assets 2021: $1,995,939Liabilities 2021: $4,095,789Net Assets 2021: -$2,099,8502021Assets 2022: $1,901,853Liabilities 2022: $3,855,785Net Assets 2022: -$1,953,9322022Assets 2023: $1,748,014Liabilities 2023: $3,923,322Net Assets 2023: -$2,175,3082023Assets 2024: $1,923,277Liabilities 2024: $4,250,599Net Assets 2024: -$2,327,3222024

Highlighted filing

2018

Assets$1,061,014
Liabilities$2,282,679
Net Assets-$1,221,665

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $2,449,042Expenses 2015: $2,692,098Net Income 2015: -$243,0562015Revenue 2016: $2,417,647Expenses 2016: $2,455,728Net Income 2016: -$38,0812016Revenue 2017: $2,544,216Expenses 2017: $3,052,490Net Income 2017: -$508,2742017Revenue 2018: $2,193,725Expenses 2018: $1,898,149Net Income 2018: $295,5762018Revenue 2019: $4,420,011Expenses 2019: $4,482,983Net Income 2019: -$62,9722019Revenue 2020: $4,840,922Expenses 2020: $5,237,529Net Income 2020: -$396,6072020Revenue 2021: $5,440,515Expenses 2021: $5,859,121Net Income 2021: -$418,6062021Revenue 2022: $5,919,199Expenses 2022: $5,773,281Net Income 2022: $145,9182022Revenue 2023: $5,752,383Expenses 2023: $5,973,759Net Income 2023: -$221,3762023Revenue 2024: $5,632,007Expenses 2024: $5,784,021Net Income 2024: -$152,0142024

Highlighted filing

2018

Revenue$2,193,725
Expenses$1,898,149
Net Income$295,576
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$2,193,725
Mission and Program Overview

Mission

The mission is 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$1,385,673$999,161▼ $386,512
Cash and Non-Interest-Bearing Accounts$45,091$47,027▲ $1,936
Pledges and Grants Receivable$28,810$14,826▼ $13,984
Accounts Receivable$1,711--
Total Assets$1,461,285$1,061,014▼ $400,271
Liabilities
Other Liabilities$2,240,587$1,855,681▼ $384,906
Deferred Revenue$259,961$390,370▲ $130,409
Accounts Payable and Accrued Expenses$7,326$21,802▲ $14,476
Grants Payable$30,610$14,826▼ $15,784
Total Liabilities$2,538,484$2,282,679▼ $255,805
Net Assets / Fund Balance
Unrestricted Net Assets$-1,077,199$-1,221,665▼ $144,466
Total Net Assets Fund Balance$-1,077,199$-1,221,665▼ $144,466
Total Liabilities and Net Assets / Fund Balance$1,461,285$1,061,014▼ $400,271
Compensation and Service Providers

Employees

NameTitleBaseTotal
Kim HenryPresident$875$875
James VickersTreasurer$875$875
Twannia AllenVice President$875$875
Cynthia WestonSecretary$750$750

Board Members and Trustees

NameTitle
Steve GonzalesDirector
Jeffrey a Foster CPAFiscal Officer

Highest Paid Contractors

ContractorServicesLocationCompensation
Sta Lincoln Park LLCEducational Management121 SOUTH MAIN STREET SUITE 200, Akron, OH 44308$2,086,507
Revenue and Support

Revenue Composition

Contributions and Grants
$2,173,885
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$19,840
Change in Net Assets
$295,576

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,193,725
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,193,725
Total Revenue per Form 990
$2,193,725
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,206,176
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0
Salaries, Compensation, and Employee Benefits$-308,027

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$2,086,507--$2,086,507
Office Expenses-$67,797-$67,797
Other Expenses-$51,872-$51,872
Pension Plan Contributions$-308,027--$-308,027
Total Functional Expenses$1,778,480$119,669$0$1,898,149

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,898,149
Total Expenses per Audited Statements$1,898,149
Total Expenses per Form 990$1,898,149
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$1,855,681
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 lincoln park, llc for most of its functions. Sta lincoln park, 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 lincoln park, llc a continuing fee of 95 percent of the school's "qualified gross revenues and sta lincoln park, 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 lincoln park, llc by virtue of the management agreement, the governing authority still has the overall responsibilty to oversee the accounting procedures.

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

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
Lincoln Park Academy
EIN
46-2563769
Phone
2162637008
Address
3185 WEST 41ST STREET, CLEVELAND, OH 44109

Signing Officer

Name
Jeffrey a Foster CPA
Title
Fiscal Officer
Phone
2162637008
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Henry
Formed
2013
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
1

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 policy has been in place since inception.

Raw XML Appendix354 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/TitleTxt1VICE PRESIDENT
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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 LINCOLN PARK, LLC FOR MOST OF ITS FUNCTIONS. STA LINCOLN PARK, 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 LINCOLN PARK, LLC A CONTINUING FEE OF 95 PERCENT OF THE SCHOOL'S "QUALIFIED GROSS REVENUES AND STA LINCOLN PARK, 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 LINCOLN PARK, LLC BY VIRTUE OF THE MANAGEMENT AGREEMENT, THE GOVERNING AUTHORITY STILL HAS THE OVERALL RESPONSIBILTY 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 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 11B
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/TotalAssetsBOYAmt01461285
IRS990/TotalAssetsEOYAmt01061014
IRS990/TotalAssetsGrp/BOYAmt01461285
IRS990/TotalAssetsGrp/EOYAmt01061014
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02173885
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0119669
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01778480
IRS990/TotalFunctionalExpensesGrp/TotalAmt01898149
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02538484
IRS990/TotalLiabilitiesEOYAmt02282679
IRS990/TotalLiabilitiesGrp/BOYAmt02538484
IRS990/TotalLiabilitiesGrp/EOYAmt02282679
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1077199
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1221665
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01778480
IRS990/TotalReportableCompFromOrgAmt03375
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt019840
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02193725
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01461285
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01061014
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1077199
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1221665
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03185 WEST 41ST STREET
IRS990/USAddress/CityNm0CLEVELAND
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044109
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.THE-ACADEMIES.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY A FOSTER CPA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FISCAL OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum02162637008
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LINCOLN PARK ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0LINC
ReturnHeader/Filer/EIN0462563769
ReturnHeader/Filer/PhoneNum02162637008
ReturnHeader/Filer/USAddress/AddressLine1Txt03185 WEST 41ST STREET
ReturnHeader/Filer/USAddress/CityNm0CLEVELAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044109
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId00DB641E06F94AA6096A80D180610BFE0699DA084
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.144.213.206
ReturnHeader/FilingSecurityInformation/IPDt02019-05-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm021:24:15
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/ReturnTs02019-05-15T07:34:28-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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