Civic Intelligence

Innovation Charter School Inc.

990 • Fiscal year 2018 • EIN 46-3301622

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 13, 2018

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

54th percentile

0.12x

Higher debt load relative to assets than 54% of similar nonprofits.

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

Liabilities / Revenue

32nd percentile

0.03x

Higher debt load relative to revenue than 32% of similar nonprofits.

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

Net Margin

76th percentile

18%

Higher net margin than 76% of similar nonprofits.

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

Top Officer Pay

41st percentile

$36,923

Higher top officer pay than 41% of similar nonprofits.

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

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

Asset Growth

95th percentile

83%

Faster asset growth than 95% of similar nonprofits.

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

Revenue Growth

80th percentile

27%

Faster revenue growth than 80% of similar nonprofits.

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

Assets

Up

$1,021,354

Up $462,900 (+83%) from 2017

Net Assets

Up

$902,632

Up $633,464 (+235%) from 2017

Liabilities

Down

$118,722

Down $170,564 (-59%) from 2017

Revenue

Up

$3,585,623

Up $772,583 (+27%) from 2017

Expenses

Up

$2,952,159

Up $84,932 (+3.0%) from 2017

Net Income

Up

$633,464

Up $687,651 (+1269%) from 2017

Historical Trend

Balance Sheet Trend

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

2018

Assets$1,021,354
Liabilities$118,722
Net Assets$902,632

Operations Trend

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

2018

Revenue$3,585,623
Expenses$2,952,159
Net Income$633,464
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$3,585,623
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
Cap Stk Tr Prin Current Funds$163,687$814,664▲ $650,977
Cash and Non-Interest-Bearing Accounts$429,974$779,812▲ $349,838
Accounts Receivable$999$111,989▲ $110,990
Land, Buildings, and Equipment, Net$105,481$87,968▼ $17,513
Pd in Cap Srpls Land Bldg Eqp Fund$105,481$87,968▼ $17,513
Prepaid Expenses and Deferred Charges-$19,585-
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$558,454$1,021,354▲ $462,900
Other Assets Total$22,000$22,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$186,286$118,722▼ $67,564
Other Liabilities$103,000$0▼ $103,000
Total Liabilities$289,286$118,722▼ $170,564
Net Assets / Fund Balance
Total Net Assets Fund Balance$269,168$902,632▲ $633,464
Total Liabilities and Net Assets / Fund Balance$558,454$1,021,354▲ $462,900

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$87,968$93,955$181,923
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Susan AlexanderPrincipalFT$36,923$36,923
David SalvatelliDirector/interim PrincipalFT$29,077$29,077

Board Members and Trustees

NameTitle
Paul WalkerChair
Tylena AduduDirector
Tammy HoskinsSecretary
Nicole JohanssonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,849,654
Program Service Revenue
$686,023
Investment Income
$0
Other Revenue
$49,946
All Other Contributions
$41,653
Change in Net Assets
$633,464

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,585,623
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,585,623
Total Revenue per Form 990
$3,585,623
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,690,204
Other Expenses$1,261,955
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,285,773$288,464-$1,574,237
Occupancy$369,523$9,491-$379,014
Insurance$135,453$40,757-$176,210
Payroll Taxes$92,580$23,387-$115,967
Fees for Services Other$70,004$7,763-$77,767
Depreciation Depletion$41,798--$41,798
Travel$13,144$12,290-$25,434
All Other Expenses$3,677$7,286-$10,963
Other Expenses$114$10,564-$10,678
Fees for Services Legal-$2,209-$2,209
Total Functional Expenses$2,485,540$466,619$0$2,952,159

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,952,159
Total Expenses per Audited Statements$2,952,159
Total Expenses per Form 990$2,952,159
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 11B

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 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
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicole Johansson
Formed
2014
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
4
Employees
63
Volunteers
20

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 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 Appendix395 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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IRS990ScheduleD/RevenueSubtotalAmt03585623
IRS990ScheduleD/TotalBookValueLandBuildingsAmt087968
IRS990ScheduleD/TotalExpensesPerForm990Amt02952159
IRS990ScheduleD/TotalRevenuePerForm990Amt03585623
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03585623
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02952159
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 TUITION, 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/ExplanationTxt0THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR APPROVAL BEFORE THE FINAL RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THIS 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/ExplanationTxt2FORM 990 AND FORM 1023 ARE AVAILABLE UPON REQUEST. THE FORM 990 CAN BE FOUND AT WWW.GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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 VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0558454
IRS990/TotalAssetsEOYAmt01021354
IRS990/TotalAssetsGrp/BOYAmt0558454
IRS990/TotalAssetsGrp/EOYAmt01021354
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02849654
IRS990/TotalEmployeeCnt063
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0466619
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02485540
IRS990/TotalFunctionalExpensesGrp/TotalAmt02952159
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0289286
IRS990/TotalLiabilitiesEOYAmt0118722
IRS990/TotalLiabilitiesGrp/BOYAmt0289286
IRS990/TotalLiabilitiesGrp/EOYAmt0118722
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0269168
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0902632
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02485540
IRS990/TotalProgramServiceRevenueAmt0686023
IRS990/TotalReportableCompFromOrgAmt066000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0735969
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03585623
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0558454
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01021354
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt012290
IRS990/TravelGrp/ProgramServicesAmt013144
IRS990/TravelGrp/TotalAmt025434
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/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.INNOVATIONCHARTER.NET
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0NICOLE JOHANSSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER/SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum09547151777
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-13
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0D827C72ADFAF8855AD9773C99D69EFC86D0680FE
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0DF5A78CA5778DE86FF7F1E6A239B3558106B9868
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.80.67.1
ReturnHeader/FilingSecurityInformation/IPDt02018-11-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm013:55:33
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/ReturnTs02018-11-15T13:32:18-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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