Civic Intelligence

Imagine Leadership Academy

990 • Fiscal year 2024 • EIN 46-2712702

Jul 01, 2023 to Jun 30, 2024 • Filed on Nov 15, 2024

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

(333) 753-1000

Siviq Scores

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

Liabilities / Assets

96th percentile

1.30x

Higher debt load relative to assets than 96% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

2.29x

Higher debt load relative to revenue than 94% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

65th percentile

13%

Higher net margin than 65% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

43rd percentile

$18,500

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

15th percentile

-9.3%

Faster asset growth than 15% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

20th percentile

-12%

Faster revenue growth than 20% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$4,957,607

Down $507,708 (-9.3%) from 2023

Net Assets

Down

-$1,505,429

Down $98,946 (-7.0%) from 2023

Liabilities

Down

$6,463,036

Down $408,762 (-5.9%) from 2023

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin65th percentile

Revenue

Down

$2,825,362

Down $388,678 (-12%) from 2023

Expenses

Down

$2,459,515

Down $275,872 (-10%) from 2023

Net Income

Down

$365,847

Down $112,806 (-24%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth15th 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

2024

Assets$4,957,607
Liabilities$6,463,036
Net Assets-$1,505,429
Open 2024 Filing

Operations Trend

Revenue Growth20th 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

2024

Revenue$2,825,362
Expenses$2,459,515
Net Income$365,847
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 15, 2024
Return Version
2023v5.0
Gross Receipts
$2,825,362
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
Land, Buildings, and Equipment, Net$4,647,926$4,183,133▼ $464,793
Prepaid Expenses and Deferred Charges$418,073$435,921▲ $17,848
Pledges and Grants Receivable$188,288$235,241▲ $46,953
Other Notes and Loans Receivable, Net$108,784$88,883▼ $19,901
Accounts Receivable$13,354$11,719▼ $1,635
Cash and Non-Interest-Bearing Accounts$88,890$2,710▼ $86,180
Total Assets$5,465,315$4,957,607▼ $507,708
Liabilities
Other Liabilities$6,223,336$5,957,354▼ $265,982
Deferred Revenue$392,664$256,192▼ $136,472
Accounts Payable and Accrued Expenses$242,444$237,767▼ $4,677
Grants Payable$13,354$11,723▼ $1,631
Total Liabilities$6,871,798$6,463,036▼ $408,762
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,406,483$-1,505,429▼ $98,946
Total Net Assets Fund Balance$-1,406,483$-1,505,429▼ $98,946
Total Liabilities and Net Assets / Fund Balance$5,465,315$4,957,607▼ $507,708

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,183,133$1,394,379$5,577,512
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Richard BerdineTreasurerPT$18,500$18,500

Board Members and Trustees

NameTitle
Kendall RileyPresident
Eric SchermesserBoard Member
Glenda ColemanBoard Member
Jasmine AllenBoard Member
Ladonna PaulBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$2,825,362
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$560,598
Change in Net Assets
$365,847
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,326,191
Salaries, Compensation, and Employee Benefits$133,324
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$1,926,361--$1,926,361
Interest$351,053--$351,053
Pension Plan Contributions$111,479--$111,479
Current Officers, Directors, Trustees, and Key Employees-$18,500-$18,500
Fees for Services Other$10,113--$10,113
Other Employee Benefits$3,345--$3,345
Other Expenses$100--$100
Total Functional Expenses$2,441,015$18,500$0$2,459,515
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
Due in More Than One Year$4,174,164
Pension$1,290,188
Due Within One Year$378,855
Opeb$88,119
Interest Payable$26,028
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
Phone
3337531000
Address
2405 ROMIG ROAD, AKRON, OH 44320-3826

Signing Officer

Name
Richard Berdine
Title
Treasurer
Phone
3307531000
Signed
2024-11-15
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
68

Preparer

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

Additional Explanations

Form 990, Part XI, Line 9

“Book / tax depreciation difference -464,793”

Raw XML Appendix332 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/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
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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/ExplanationTxt5BOOK / TAX DEPRECIATION DIFFERENCE -464,793
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05465315
IRS990/TotalAssetsEOYAmt04957607
IRS990/TotalAssetsGrp/BOYAmt05465315
IRS990/TotalAssetsGrp/EOYAmt04957607
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IRS990/TotalContributionsAmt02825362
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018500
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02441015
IRS990/TotalFunctionalExpensesGrp/TotalAmt02459515
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06871798
IRS990/TotalLiabilitiesEOYAmt06463036
IRS990/TotalLiabilitiesGrp/BOYAmt06871798
IRS990/TotalLiabilitiesGrp/EOYAmt06463036
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1406483
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1505429
IRS990/TotalProgramServiceExpensesAmt02441015
IRS990/TotalReportableCompFromOrgAmt018500
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02825362
IRS990/TotalVolunteersCnt068
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05465315
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04957607
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD BERDINE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03307531000
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IMAGINE LEADERSHIP ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0IMAG
ReturnHeader/Filer/EIN0462712702
ReturnHeader/Filer/PhoneNum03337531000
ReturnHeader/Filer/USAddress/AddressLine1Txt02405 ROMIG ROAD
ReturnHeader/Filer/USAddress/CityNm0AKRON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd0443203826
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
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/ZIPCd043220
ReturnHeader/PreparerPersonGrp/PhoneNum06144514644
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN SCHNEIDER
ReturnHeader/ReturnTs02024-11-19T08:38:03-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,957,607
Liabilities
$6,463,036
Net assets
-$1,505,429
Revenue
$2,825,362
Expenses
$2,459,515
Net income
$365,847
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