Civic Intelligence

Imagine Leadership Academy

990 • Fiscal year 2016 • EIN 46-2712702

Jul 01, 2015 to Jun 30, 2016 • Filed on May 03, 2017

Organization ProfileWWW.IMAGINELEADERSHIPACADEMY.COM
2405 Romig RdAkron, OH 44320-3826

(330) 379-1034

Siviq Scores

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

Liabilities / Assets

100th percentile

5.47x

Higher debt load relative to assets than 100% of similar nonprofits.

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

Liabilities / Revenue

88th percentile

1.51x

Higher debt load relative to revenue than 88% of similar nonprofits.

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

Net Margin

15th percentile

-20%

Higher net margin than 15% of similar nonprofits.

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

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.

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

Asset Growth

97th percentile

159%

Faster asset growth than 97% of similar nonprofits.

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

Revenue Growth

33rd percentile

-3.7%

Faster revenue growth than 33% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets100th percentile

Assets

Up

$567,017

Up $348,335 (+159%) from 2015

Net Assets

Down

-$2,534,669

Down $419,686 (-20%) from 2015

Liabilities

Up

$3,101,686

Up $768,021 (+33%) from 2015

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin15th percentile

Revenue

Down

$2,059,105

Down $78,421 (-3.7%) from 2015

Expenses

Up

$2,478,791

Up $174,478 (+7.6%) from 2015

Net Income

Down

-$419,686

Down $252,899 (-152%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2014: $17,988Liabilities 2014: $132,077Net Assets 2014: -$114,0892014Assets 2015: $218,682Liabilities 2015: $2,333,665Net Assets 2015: -$2,114,9832015Assets 2016: $567,017Liabilities 2016: $3,101,686Net Assets 2016: -$2,534,6692016Assets 2017: $674,802Liabilities 2017: $3,919,519Net Assets 2017: -$3,244,7172017Assets 2018: $684,855Liabilities 2018: $4,228,297Net Assets 2018: -$3,543,4422018Assets 2019: $555,559Liabilities 2019: $4,231,033Net Assets 2019: -$3,675,4742019Assets 2020: $382,508Liabilities 2020: $4,226,004Net Assets 2020: -$3,843,4962020Assets 2021: $576,850Liabilities 2021: $4,804,377Net Assets 2021: -$4,227,5272021Assets 2022: $6,212,435Liabilities 2022: $10,857,135Net Assets 2022: -$4,644,7002022Assets 2023: $5,465,315Liabilities 2023: $6,871,798Net Assets 2023: -$1,406,4832023Assets 2024: $4,957,607Liabilities 2024: $6,463,036Net Assets 2024: -$1,505,4292024Assets 2025: $4,178,065Liabilities 2025: $5,709,924Net Assets 2025: -$1,531,8592025

Highlighted filing

2016

Assets$567,017
Liabilities$3,101,686
Net Assets-$2,534,669
Open 2016 Filing

Operations Trend

Revenue Growth33rd percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $2,092,163Expenses 2014: $2,206,252Net Income 2014: -$114,0892014Revenue 2015: $2,137,526Expenses 2015: $2,304,313Net Income 2015: -$166,7872015Revenue 2016: $2,059,105Expenses 2016: $2,478,791Net Income 2016: -$419,6862016Revenue 2017: $1,826,423Expenses 2017: $2,536,471Net Income 2017: -$710,0482017Revenue 2018: $1,819,419Expenses 2018: $1,614,079Net Income 2018: $205,3402018Revenue 2019: $1,749,665Expenses 2019: $1,881,697Net Income 2019: -$132,0322019Revenue 2020: $1,653,666Expenses 2020: $1,821,688Net Income 2020: -$168,0222020Revenue 2021: $1,524,802Expenses 2021: $1,908,833Net Income 2021: -$384,0312021Revenue 2022: $2,212,349Expenses 2022: $2,105,707Net Income 2022: $106,6422022Revenue 2023: $3,214,040Expenses 2023: $2,735,387Net Income 2023: $478,6532023Revenue 2024: $2,825,362Expenses 2024: $2,459,515Net Income 2024: $365,8472024Revenue 2025: $2,703,323Expenses 2025: $2,729,753Net Income 2025: -$26,4302025

Highlighted filing

2016

Revenue$2,059,105
Expenses$2,478,791
Net Income-$419,686
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 3, 2017
Return Version
2015v3.0
Gross Receipts
$2,059,105
Mission and Program Overview

Mission

Imagine leadership academy partners with parents and guardians in the education of their children by providing high quality shcools that prepare students for lives of leadership, accomplishment, and exemplary character.

Imagine leadership academy partners with parents and guardians in the education of their children by providing high qulity shcools that prepare students for lives of leadership, accomplishment, and exemplary character.

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$139,275$478,594▲ $339,319
Pledges and Grants Receivable$79,324$77,629▼ $1,695
Accounts Receivable-$10,634-
Cash and Non-Interest-Bearing Accounts$83$160▲ $77
Total Assets$218,682$567,017▲ $348,335
Liabilities
Other Liabilities$1,621,046$2,204,887▲ $583,841
Unsecured Notes Loans Payable$335,000$700,000▲ $365,000
Deferred Revenue$295,292$107,339▼ $187,953
Accounts Payable and Accrued Expenses$82,327$77,644▼ $4,683
Grants Payable-$11,816-
Total Liabilities$2,333,665$3,101,686▲ $768,021
Net Assets / Fund Balance
Unrestricted Net Assets$-2,114,983$-2,534,669▼ $419,686
Total Net Assets Fund Balance$-2,114,983$-2,534,669▼ $419,686
Total Liabilities and Net Assets / Fund Balance$218,682$567,017▲ $348,335
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Ebony ColeTrustee
Gabrielle FosterTrustee
James SneedTrustee
Kendall RileyTrustee
Melody LasterTrustee
Richard BerdineTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,059,105
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-419,686
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,361,338
Salaries, Compensation, and Employee Benefits$117,453
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$1,699,972--$1,699,972
Occupancy$602,728--$602,728
Pension Plan Contributions$113,876--$113,876
Other Expenses$49,316--$49,316
Fees for Services Other$8,976--$8,976
Other Employee Benefits$3,577--$3,577
Office Expenses$346--$346
Total Functional Expenses$2,478,791$0$0$2,478,791
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$2,204,887
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
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, Page 6, Part VI, Line 3

“Day to day operations are delegated to imagine schools, inc the management company.”

Form 990, Page 6, Part VI, Line 11B

“An outside cpa firm prepares the form 990 and sends it to the treasurer, who reviews it and presents it to the board. If no chagnes, the treasurer signs the 8879, and sends it back to the cpa firm, who then e-files the return.”

Form 990, Page 6, Part VI, Line 12C

“Each board member, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Received a copy of the conflict of interest policy; b. Read and understands policy; c. Agreed to comply with the policy.”

Form 990, Page 6, Part VI, Line 15A

“The school does not have any officers or employees. A management company is used and their compensation is negotiated by the school board.”

Form 990, Page 6, Part VI, Line 19

“Governing documents and conflict of interest policy are available at the office upon request. Past financial statements can be found on the state auditor of ohio's website and must be filed by november 30th of each year.”

Filing and Contact Details

Filer

Filer Name
Imagine Leadership Academy
EIN
46-2712702
Address
2405 ROMIG RD, AKRON, OH 44320-3826

Signing Officer

Name
Richard Berdine
Title
Treasurer
Signed
2017-05-03

Organization Details

Principal Officer
Richard Berdine
Formed
2013
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
65

Preparer

Firm
Hhh CPA Group LLC
Address
1250 OLD HENDERSON RD, COLUMBUS, OH 43220-3606
Preparer
Brian Schneider
Phone
6144514644
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Implement gasb stmnt 68 & 71 0”

Raw XML Appendix302 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/ExplanationTxt0MAINLY THROUGH BROCHURES.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES FINANCIAL ASSISTANCE FROM THE FEDERAL GOVERNMENT AND STATE AGENCIES IN THE FORM OF GRANTS. THE DISBURSEMENTS OF FUNDS RECEIVED FROM THESE GRANTS NOMALLY REQUIRE COMPLIANCE WITH TERMS AND CONDITIONS OF THE GRANT WHICH ARE SPECIFIED IN THE GREANT AGREEMENT AND ARE SUBJECT TO AUDIT BY THE GRANTOR AGENCIES.
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IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DAY TO DAY OPERATIONS ARE DELEGATED TO IMAGINE SCHOOLS, INC THE MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AN OUTSIDE CPA FIRM PREPARES THE FORM 990 AND SENDS IT TO THE TREASURER, WHO REVIEWS IT AND PRESENTS IT TO THE BOARD. IF NO CHAGNES, THE TREASURER SIGNS THE 8879, AND SENDS IT BACK TO THE CPA FIRM, WHO THEN E-FILES THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH BOARD MEMBER, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; B. READ AND UNDERSTANDS POLICY; C. AGREED TO COMPLY WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SCHOOL DOES NOT HAVE ANY OFFICERS OR EMPLOYEES. A MANAGEMENT COMPANY IS USED AND THEIR COMPENSATION IS NEGOTIATED BY THE SCHOOL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE AT THE OFFICE UPON REQUEST. PAST FINANCIAL STATEMENTS CAN BE FOUND ON THE STATE AUDITOR OF OHIO'S WEBSITE AND MUST BE FILED BY NOVEMBER 30TH OF EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5IMPLEMENT GASB STMNT 68 & 71 0
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0218682
IRS990/TotalAssetsEOYAmt0567017
IRS990/TotalAssetsGrp/BOYAmt0218682
IRS990/TotalAssetsGrp/EOYAmt0567017
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02059105
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02478791
IRS990/TotalFunctionalExpensesGrp/TotalAmt02478791
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02333665
IRS990/TotalLiabilitiesEOYAmt03101686
IRS990/TotalLiabilitiesGrp/BOYAmt02333665
IRS990/TotalLiabilitiesGrp/EOYAmt03101686
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2114983
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2534669
IRS990/TotalProgramServiceExpensesAmt02478791
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02059105
IRS990/TotalVolunteersCnt065
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0218682
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0567017
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-2114983
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-2534669
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0335000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0700000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 162
IRS990/USAddress/CityNm0CUYAHOGA FALLS
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd043222
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.IMAGINELEADERSHIPACADEMY.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD BERDINE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IMAGINE LEADERSHIP ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0IMAG
ReturnHeader/Filer/EIN0462712702
ReturnHeader/Filer/USAddress/AddressLine1Txt02405 ROMIG RD
ReturnHeader/Filer/USAddress/CityNm0AKRON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd0443203826
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203767687
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HHH CPA GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01250 OLD HENDERSON RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLUMBUS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0432203606
ReturnHeader/PreparerPersonGrp/PhoneNum06144514644
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN SCHNEIDER
ReturnHeader/ReturnTs02017-05-15T08:59:33-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$567,017
Liabilities
$3,101,686
Net assets
-$2,534,669
Revenue
$2,059,105
Expenses
$2,478,791
Net income
-$419,686
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.18$5.71$1.53$2.70$2.73$0.03
2024Detailed filing. Detailed filing data is available for this year.$4.96$6.46$1.51$2.83$2.46$0.37
2023Detailed filing. Detailed filing data is available for this year.$5.47$6.87$1.41$3.21$2.74$0.48
2022Detailed filing. Detailed filing data is available for this year.$6.21$10.9$4.64$2.21$2.11$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.58$4.80$4.23$1.52$1.91$0.38
2020Detailed filing. Detailed filing data is available for this year.$0.38$4.23$3.84$1.65$1.82$0.17
2019Detailed filing. Detailed filing data is available for this year.$0.56$4.23$3.68$1.75$1.88$0.13
2018Detailed filing. Detailed filing data is available for this year.$0.68$4.23$3.54$1.82$1.61$0.21
2017Detailed filing. Detailed filing data is available for this year.$0.67$3.92$3.24$1.83$2.54$0.71
2016Detailed filing. Detailed filing data is available for this year.$0.57$3.10$2.53$2.06$2.48$0.42
2015Detailed filing. Detailed filing data is available for this year.$0.22$2.33$2.11$2.14$2.30$0.17
2014Detailed filing. Detailed filing data is available for this year.$0.02$0.13$0.11$2.09$2.21$0.11