Civic Intelligence

Innovation Charter School Inc.

990 • Fiscal year 2016 • EIN 46-3301622

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 14, 2016

Organization ProfileWWW.INNOVATIONCHARTER.NET
600 SW 3rd Street No 1400Pompano Beach, FL 33060

(954) 715-1777

Siviq Scores

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

Liabilities / Assets

48th percentile

0.09x

Higher debt load relative to assets than 48% of similar nonprofits.

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

Liabilities / Revenue

23rd percentile

0.02x

Higher debt load relative to revenue than 23% of similar nonprofits.

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

Net Margin

20th percentile

-12%

Higher net margin than 20% 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

3rd percentile

-36%

Faster asset growth than 3% of similar nonprofits.

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

Revenue Growth

97th percentile

241%

Faster revenue growth than 97% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets48th percentile

Assets

Down

$353,578

Down $201,329 (-36%) from 2015

Net Assets

Down

$323,355

Down $231,552 (-42%) from 2015

Liabilities

Up

$30,223

Up $30,223 from 2015

Revenue And Expenses
Liabilities / Revenue23rd percentileNet Margin20th percentile

Revenue

Up

$1,892,952

Up $1,337,952 (+241%) from 2015

Expenses

Up

$2,124,504

Up $2,124,411 (+2284313%) from 2015

Net Income

Down

-$231,552

Down $786,459 (-142%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $554,907Liabilities 2015: $0Net Assets 2015: $554,9072015Assets 2016: $353,578Liabilities 2016: $30,223Net Assets 2016: $323,3552016Assets 2017: $558,454Liabilities 2017: $289,286Net Assets 2017: $269,1682017Assets 2018: $1,021,354Liabilities 2018: $118,722Net Assets 2018: $902,6322018Assets 2019: $1,504,028Liabilities 2019: $184,917Net Assets 2019: $1,319,1112019Assets 2020: $1,959,266Liabilities 2020: $176,148Net Assets 2020: $1,783,1182020Assets 2021: $2,367,477Liabilities 2021: $295,465Net Assets 2021: $2,072,0122021Assets 2022: $2,094,140Liabilities 2022: $275,886Net Assets 2022: $1,818,2542022Assets 2023: $2,152,715Liabilities 2023: $214,895Net Assets 2023: $1,937,8202023Assets 2024: $3,999,169Liabilities 2024: $1,224,527Net Assets 2024: $2,774,6422024Assets 2025: $3,210,851Liabilities 2025: $781,135Net Assets 2025: $2,429,7162025

Highlighted filing

2016

Assets$353,578
Liabilities$30,223
Net Assets$323,355
Open 2016 Filing

Operations Trend

Revenue Growth97th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $555,000Expenses 2015: $93Net Income 2015: $554,9072015Revenue 2016: $1,892,952Expenses 2016: $2,124,504Net Income 2016: -$231,5522016Revenue 2017: $2,813,040Expenses 2017: $2,867,227Net Income 2017: -$54,1872017Revenue 2018: $3,585,623Expenses 2018: $2,952,159Net Income 2018: $633,4642018Revenue 2019: $4,172,056Expenses 2019: $3,755,577Net Income 2019: $416,4792019Revenue 2020: $4,378,342Expenses 2020: $3,914,335Net Income 2020: $464,0072020Revenue 2021: $4,448,415Expenses 2021: $4,159,521Net Income 2021: $288,8942021Revenue 2022: $4,545,246Expenses 2022: $4,799,004Net Income 2022: -$253,7582022Revenue 2023: $5,000,435Expenses 2023: $4,880,869Net Income 2023: $119,5662023Revenue 2024: $6,433,861Expenses 2024: $5,597,039Net Income 2024: $836,8222024Revenue 2025: $5,515,662Expenses 2025: $5,860,588Net Income 2025: -$344,9262025

Highlighted filing

2016

Revenue$1,892,952
Expenses$2,124,504
Net Income-$231,552
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 14, 2016
Return Version
2015v2.1
Gross Receipts
$1,892,952
Mission and Program Overview

Mission

Innovation charter school empowers young ones for success as world changers through highly talented teachers using innovative and leading methods in a very loving environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$554,907$323,355▼ $231,552
Cash and Non-Interest-Bearing Accounts$554,907$237,231▼ $317,676
Land, Buildings, and Equipment, Net$0$83,753▲ $83,753
Prepaid Expenses and Deferred Charges-$9,595-
Accounts Receivable-$999-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$554,907$353,578▼ $201,329
Other Assets Total$0$22,000▲ $22,000
Liabilities
Accounts Payable and Accrued Expenses-$30,223-
Total Liabilities$0$30,223▲ $30,223
Net Assets / Fund Balance
Total Net Assets Fund Balance$554,907$323,355▼ $231,552
Total Liabilities and Net Assets / Fund Balance$554,907$353,578▼ $201,329

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$83,753$20,650$104,403
Other Assets Org$22,000--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Chad CauseyPresident
David SalvatelliDirector
Leiza GomesDirector
Nicole JohanssonTreasurer/secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Marie Green Forum LLCRent600 SW 3RD ST STE 6200, Pompano Beach, FL 33060$132,000
Revenue and Support

Revenue Composition

Contributions and Grants
$1,662,170
Program Service Revenue
$230,782
Investment Income
$0
Other Revenue
$0
All Other Contributions
$23,831
Change in Net Assets
$-231,552

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,892,952
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,892,952
Total Revenue per Form 990
$1,892,952
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,119,448
Other Expenses$1,005,056
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$747,223$211,631-$958,854
Occupancy$242,000$5,672-$247,672
Payroll Taxes$65,954$18,008-$83,962
Other Employee Benefits$76,632--$76,632
Fees for Services Other$13,033$50,165-$63,198
Insurance-$26,458-$26,458
Depreciation Depletion$20,649--$20,649
Other Expenses$125,735$7,313-$7,313
All Other Expenses$4,588$1,202-$5,790
Fees for Services Legal-$3,261-$3,261
Travel-$2,602-$2,602
Total Functional Expenses$1,738,027$386,477$0$2,124,504

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,124,504
Total Expenses per Audited Statements$2,124,504
Total Expenses per Form 990$2,124,504
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
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
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The form 990 is provided to the board of directors for approval before the final return is filed with the internal revenue service.”

Form 990, Part VI, Section B, Line 12C

“This charter school follows the enforcement policies as provided by broward public schools. The board of directors is ultimately responsible for conflict of interest issues.”

Form 990, Part VI, Section C, Line 18

“Form 990 and form 1023 are available upon request. The form 990 and can be found at www.guidestar.org.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Innovation Charter School Inc
EIN
46-3301622
Phone
9547151777
Address
600 SW 3RD STREET NO 1400, POMPANO BEACH, FL 33060
Doing Business As
Innovation Charter School

Signing Officer

Name
Nicole Johansson
Title
Treasurer/secretary
Phone
9547151777
Signed
2016-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicole Johansson
Formed
2014
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
4
Employees
28
Volunteers
15

Preparer

Firm
KEEFE MCCULLOUGH & CO LLP CPA'S
Address
6550 N FEDERAL HIGHWAY SUITE 410, FT LAUDERDALE, FL 33308
Preparer
Marc a Grace
Phone
9547710896
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“Instructional services and food services; school operations commenced during current fiscal year.”

Form 990, Part XII, Line 2C

“The school's governing board selects their auditor in compliance with the florida statues which require certain criteria to be followed in their request for proposal process.”

Raw XML Appendix376 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/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOLS ARE PUBLIC CHARTER SCHOOLS ORGANIZED UNDER FLORIDA STATUTES. ALL NONDISCRIMINATORY POLICY INFORMATION IS AVAILABLE THROUGH VARIOUS SOURCES, INCLUDING PUBLIC ANNOUNCEMENTS, PUBLICATIONS, AND ON THEIR WEBSITES.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES TUITUION, FEDERAL/STATE GRANT MONIES AND OTHER AWARDS FROM THE BROWARD SCHOOL DISTRICT TO SUPPORT ITS EXEMPT PURPOSE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INSTRUCTIONAL SERVICES AND FOOD SERVICES; SCHOOL OPERATIONS COMMENCED DURING CURRENT FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR APPROVAL BEFORE THE FINAL RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THIS CHARTER SCHOOL FOLLOWS THE ENFORCEMENT POLICIES AS PROVIDED BY BROWARD PUBLIC SCHOOLS. THE BOARD OF DIRECTORS IS ULTIMATELY RESPONSIBLE FOR CONFLICT OF INTEREST ISSUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 AND FORM 1023 ARE AVAILABLE UPON REQUEST. THE FORM 990 AND CAN BE FOUND AT WWW.GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE SCHOOL'S GOVERNING BOARD SELECTS THEIR AUDITOR IN COMPLIANCE WITH THE FLORIDA STATUES WHICH REQUIRE CERTAIN CRITERIA TO BE FOLLOWED IN THEIR REQUEST FOR PROPOSAL PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0554907
IRS990/TotalAssetsEOYAmt0353578
IRS990/TotalAssetsGrp/BOYAmt0554907
IRS990/TotalAssetsGrp/EOYAmt0353578
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01662170
IRS990/TotalEmployeeCnt028
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0386477
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01738027
IRS990/TotalFunctionalExpensesGrp/TotalAmt02124504
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt030223
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt030223
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0554907
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0323355
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01738027
IRS990/TotalProgramServiceRevenueAmt0230782
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0230782
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01892952
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0554907
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0353578
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt02602
IRS990/TravelGrp/TotalAmt02602
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0600 SW 3RD STREET NO 1400
IRS990/USAddress/CityNm0POMPANO BEACH
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033060
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.INNOVATIONCHARTER.NET
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0NICOLE JOHANSSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER/SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum09547151777
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INNOVATION CHARTER SCHOOL INC
ReturnHeader/Filer/BusinessNameControlTxt0INNO
ReturnHeader/Filer/EIN0463301622
ReturnHeader/Filer/PhoneNum09547151777
ReturnHeader/Filer/USAddress/AddressLine1Txt0600 SW 3RD STREET NO 1400
ReturnHeader/Filer/USAddress/CityNm0POMPANO BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033060
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0591363792
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KEEFE MCCULLOUGH & CO LLP CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06550 N FEDERAL HIGHWAY SUITE 410
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FT LAUDERDALE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033308
ReturnHeader/PreparerPersonGrp/PhoneNum09547710896
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARC A GRACE
ReturnHeader/ReturnTs02016-11-14T10:08:06-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$353,578
Liabilities
$30,223
Net assets
$323,355
Revenue
$1,892,952
Expenses
$2,124,504
Net income
-$231,552
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.21$0.78$2.43$5.52$5.86$0.34
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.00$1.22$2.77$6.43$5.60$0.84
2023Detailed filing. Detailed filing data is available for this year.$2.15$0.21$1.94$5.00$4.88$0.12
2022Detailed filing. Detailed filing data is available for this year.$2.09$0.28$1.82$4.55$4.80$0.25
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.37$0.30$2.07$4.45$4.16$0.29
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$0.18$1.78$4.38$3.91$0.46
2019Detailed filing. Detailed filing data is available for this year.$1.50$0.18$1.32$4.17$3.76$0.42
2018Detailed filing. Detailed filing data is available for this year.$1.02$0.12$0.90$3.59$2.95$0.63
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.29$0.27$2.81$2.87$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.35$0.03$0.32$1.89$2.12$0.23
2015Summary only. Only limited summary data is available for this year.$0.55$0.00$0.55$0.56$0.00$0.55