Civic Intelligence

Imagine Leadership Academy

990 • Fiscal year 2018 • EIN 46-2712702

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 07, 2018

Organization ProfileWWW.IMAGINELEADERSHIPACADEMY.COM
2405 Romig RoadAkron, 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

6.17x

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

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

Liabilities / Revenue

91st percentile

2.32x

Higher debt load relative to revenue than 91% of similar nonprofits.

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

Net Margin

68th percentile

11%

Higher net margin than 68% of similar nonprofits.

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

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.

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

Asset Growth

52nd percentile

1.5%

Faster asset growth than 52% of similar nonprofits.

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

Revenue Growth

38th percentile

-0.4%

Faster revenue growth than 38% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets100th percentile

Assets

Up

$684,855

Up $10,053 (+1.5%) from 2017

Net Assets

Down

-$3,543,442

Down $298,725 (-9.2%) from 2017

Liabilities

Up

$4,228,297

Up $308,778 (+7.9%) from 2017

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin68th percentile

Revenue

Down

$1,819,419

Down $7,004 (-0.4%) from 2017

Expenses

Down

$1,614,079

Down $922,392 (-36%) from 2017

Net Income

Up

$205,340

Up $915,388 (+129%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth52nd 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

2018

Assets$684,855
Liabilities$4,228,297
Net Assets-$3,543,442
Open 2018 Filing

Operations Trend

Revenue Growth38th 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

2018

Revenue$1,819,419
Expenses$1,614,079
Net Income$205,340
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 7, 2018
Return Version
2017v2.3
Gross Receipts
$1,819,419
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$632,503$649,773▲ $17,270
Pledges and Grants Receivable$42,032$32,632▼ $9,400
Accounts Receivable-$2,141-
Cash and Non-Interest-Bearing Accounts$267$309▲ $42
Total Assets$674,802$684,855▲ $10,053
Liabilities
Other Liabilities$2,400,705$2,194,932▼ $205,773
Unsecured Notes Loans Payable$1,275,000$1,734,000▲ $459,000
Deferred Revenue$202,546$260,799▲ $58,253
Accounts Payable and Accrued Expenses$41,268$36,009▼ $5,259
Grants Payable-$2,557-
Total Liabilities$3,919,519$4,228,297▲ $308,778
Net Assets / Fund Balance
Unrestricted Net Assets$-3,244,717$-3,543,442▼ $298,725
Total Net Assets Fund Balance$-3,244,717$-3,543,442▼ $298,725
Total Liabilities and Net Assets / Fund Balance$674,802$684,855▲ $10,053
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Elizabeth FogleBoard Member
Gabrielle FosterBoard Member
Glenda ColemanBoard Member
James SneedBoard Member
Kendall RileyBoard Member
Richard BerdineTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,819,419
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$205,340
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,494,814
Salaries, Compensation, and Employee Benefits$119,265
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$800,939--$800,939
Occupancy$641,581--$641,581
Pension Plan Contributions$116,402--$116,402
Other Expenses$41,673--$41,673
Fees for Services Other$10,463--$10,463
Other Employee Benefits$2,863--$2,863
Office Expenses$158--$158
Total Functional Expenses$1,614,079$0$0$1,614,079
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
Pension$1,772,643
Opeb$422,289
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 ROAD, AKRON, OH 44320-3826

Signing Officer

Name
Richard Berdine
Title
Treasurer
Phone
3307531000
Signed
2018-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Berdine
Formed
2013
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
60

Preparer

Firm
Hhh CPA Group LLC
Address
1250 OLD HENDERSON RD, COLUMBUS, OH 43220-3606
Preparer
Brian Schneider
Phone
6144514644
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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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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.
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IRS990/TaxExemptBondsInd0false
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IRS990/TotalContributionsAmt01819419
IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01614079
IRS990/TotalFunctionalExpensesGrp/TotalAmt01614079
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03919519
IRS990/TotalLiabilitiesEOYAmt04228297
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD BERDINE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03307531000
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IMAGINE LEADERSHIP ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0IMAG
ReturnHeader/Filer/EIN0462712702
ReturnHeader/Filer/USAddress/AddressLine1Txt02405 ROMIG ROAD
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AF4821F9D76A72C859D343DB89F1B8E206218165
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02018-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm010:26:34
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/PreparationDt02018-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN SCHNEIDER
ReturnHeader/ReturnTs02018-11-14T11:26:34-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$684,855
Liabilities
$4,228,297
Net assets
-$3,543,442
Revenue
$1,819,419
Expenses
$1,614,079
Net income
$205,340
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