Civic Intelligence

Imagine Leadership Academy

990 • Fiscal year 2019 • EIN 46-2712702

Jul 01, 2018 to Jun 30, 2019 • Filed on Dec 18, 2019

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

7.62x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

92nd percentile

2.42x

Higher debt load relative to revenue than 92% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

23rd percentile

-7.5%

Higher net margin than 23% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

39th percentile

$17,000

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

7th percentile

-19%

Faster asset growth than 7% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

31st percentile

-3.8%

Faster revenue growth than 31% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets100th percentile

Assets

Down

$555,559

Down $129,296 (-19%) from 2018

Net Assets

Down

-$3,675,474

Down $132,032 (-3.7%) from 2018

Liabilities

Up

$4,231,033

Up $2,736 (+0.1%) from 2018

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin23rd percentile

Revenue

Down

$1,749,665

Down $69,754 (-3.8%) from 2018

Expenses

Up

$1,881,697

Up $267,618 (+17%) from 2018

Net Income

Down

-$132,032

Down $337,372 (-164%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth7th 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

2019

Assets$555,559
Liabilities$4,231,033
Net Assets-$3,675,474
Open 2019 Filing

Operations Trend

Revenue Growth31st 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

2019

Revenue$1,749,665
Expenses$1,881,697
Net Income-$132,032
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Dec 18, 2019
Return Version
2018v3.1
Gross Receipts
$1,749,665
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$649,773$425,100▼ $224,673
Other Notes and Loans Receivable, Net-$84,005-
Pledges and Grants Receivable$32,632$43,700▲ $11,068
Accounts Receivable$2,141$2,274▲ $133
Cash and Non-Interest-Bearing Accounts$309$480▲ $171
Total Assets$684,855$555,559▼ $129,296
Liabilities
Unsecured Notes Loans Payable$1,734,000$1,984,000▲ $250,000
Other Liabilities$2,194,932$1,774,640▼ $420,292
Deferred Revenue$260,799$423,755▲ $162,956
Accounts Payable and Accrued Expenses$36,009$46,364▲ $10,355
Grants Payable$2,557$2,274▼ $283
Total Liabilities$4,228,297$4,231,033▲ $2,736
Net Assets / Fund Balance
Unrestricted Net Assets$-3,543,442$-3,675,474▼ $132,032
Total Net Assets Fund Balance$-3,543,442$-3,675,474▼ $132,032
Total Liabilities and Net Assets / Fund Balance$684,855$555,559▼ $129,296
Compensation and Service Providers
Top Officer Pay39th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Richard BerdineTreasurerPT$17,000$17,000

Board Members and Trustees

NameTitle
Gabrielle FosterBoard Member
Glenda ColemanBoard Member
James SneedBoard Member
Kendall RileyBoard Member
Renee MurryBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$1,749,665
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-132,032
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,768,047
Salaries, Compensation, and Employee Benefits$113,650
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$1,087,312--$1,087,312
Occupancy$628,924--$628,924
Pension Plan Contributions$93,277--$93,277
Other Expenses$43,419--$43,419
Current Officers, Directors, Trustees, and Key Employees$17,000--$17,000
Fees for Services Other$8,292--$8,292
Other Employee Benefits$3,373--$3,373
Office Expenses$100--$100
Total Functional Expenses$1,881,697$0$0$1,881,697
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$1,577,855
Opeb$196,785
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
2019-12-18
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
75

Preparer

Firm
Hhh CPA Group LLC
Address
1250 OLD HENDERSON RD, COLUMBUS, OH 43220-3606
Preparer
Brian Schneider
Phone
6144514644
Raw XML Appendix318 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.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
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/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
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IRS990/TotalContributionsAmt01749665
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalProgramServiceExpensesAmt01881697
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ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD BERDINE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03307531000
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-12-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IMAGINE LEADERSHIP ACADEMY
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02019-12-23
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm007:32:01
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/PreparationDt02019-12-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN SCHNEIDER
ReturnHeader/ReturnTs02019-12-23T07:32:01-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$555,559
Liabilities
$4,231,033
Net assets
-$3,675,474
Revenue
$1,749,665
Expenses
$1,881,697
Net income
-$132,032
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