Civic Intelligence

Firm Foundation Academy

990 • Fiscal year 2015 • EIN 46-3388400

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 03, 2016

5400 Tech Data DriveClearwater, FL 33760-3116

(727) 789-0100

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

61st percentile

8.6%

Higher net margin than 61% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

98th percentile

$99,831

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 28.2% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

65th percentile

12%

Faster asset growth than 65% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

25th percentile

-19%

Faster revenue growth than 25% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$282,058

Up $30,324 (+12%) from 2014

Net Assets

Up

$282,058

Up $30,324 (+12%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Down

$354,001

Down $82,000 (-19%) from 2014

Expenses

Down

$323,677

Down $8,419 (-2.5%) from 2014

Net Income

Down

$30,324

Down $73,581 (-71%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2013: $147,829Liabilities 2013: $0Net Assets 2013: $147,8292013Assets 2014: $251,734Liabilities 2014: $0Net Assets 2014: $251,7342014Assets 2015: $282,058Liabilities 2015: $0Net Assets 2015: $282,0582015Assets 2016: $1,353,470Liabilities 2016: $3,171Net Assets 2016: $1,350,2992016Assets 2017: $1,316,770Liabilities 2017: $1,411Net Assets 2017: $1,315,3592017Assets 2018: $1,156,229Liabilities 2018: $1,411Net Assets 2018: $1,154,8182018Assets 2019: $1,065,558Liabilities 2019: $1,411Net Assets 2019: $1,064,1472019Assets 2020: $1,019,955Liabilities 2020: $1,411Net Assets 2020: $1,018,5442020

Highlighted filing

2015

Assets$282,058
Liabilities$0
Net Assets$282,058

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2013: $306,000Expenses 2013: $158,171Net Income 2013: $147,8292013Revenue 2014: $436,001Expenses 2014: $332,096Net Income 2014: $103,9052014Revenue 2015: $354,001Expenses 2015: $323,677Net Income 2015: $30,3242015Revenue 2016: $1,550,001Expenses 2016: $481,760Net Income 2016: $1,068,2412016Revenue 2017: $601,997Expenses 2017: $636,937Net Income 2017: -$34,9402017Revenue 2018: $405,291Expenses 2018: $565,832Net Income 2018: -$160,5412018Revenue 2019: $710,478Expenses 2019: $801,149Net Income 2019: -$90,6712019Revenue 2020: $616,613Expenses 2020: $662,216Net Income 2020: -$45,6032020

Highlighted filing

2015

Revenue$354,001
Expenses$323,677
Net Income$30,324
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 3, 2016
Return Version
2015v2.1
Gross Receipts
$354,001
Mission and Program Overview

Mission

Firm Foundation Academy is a non-profit educational software company operating an experimental post-secondary school to test and refine its educational software. Our school and our technologies are aimed at one very specific niche of education: the application of technology to achieve more effective study of great literature.

To facilitate education of individuals

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$251,734$282,058▲ $30,324
Land, Buildings, and Equipment, Net$212,274$242,930▲ $30,656
Cash and Non-Interest-Bearing Accounts$39,460$32,630▼ $6,830
Prepaid Expenses and Deferred Charges-$6,498-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$251,734$282,058▲ $30,324
Other Assets Total$0$0→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$251,734$282,058▲ $30,324
Total Liabilities and Net Assets / Fund Balance$251,734$282,058▲ $30,324

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$35,617$11,710-
Leasehold Improvements$207,313$102,827-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ghazala JonesProgram DirectorFT$99,831$99,831

Board Members and Trustees

NameTitle
Gilbert HakimChairman
Chad JonesSecretary
Armin HakimTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$354,000
Program Service Revenue
$0
Investment Income
$1
Other Revenue
$0
All Other Contributions
$354,000
Change in Net Assets
$30,324
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$184,491
Salaries, Compensation, and Employee Benefits$139,086
Grants and Similar Amounts Paid$100
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$99,831-$99,831
Fees for Services Legal-$61,288-$61,288
Other Salaries and Wages-$33,838-$33,838
Fees for Services Other-$18,518-$18,518
Depreciation Depletion-$10,978-$10,978
All Other Expenses$3,495$5,157-$8,652
Insurance-$8,415-$8,415
Other Expenses-$6,367-$6,367
Payroll Taxes-$5,417-$5,417
Fees for Services Accounting-$3,100-$3,100
Travel-$2,195-$2,195
Office Expenses-$270-$270
Grants to Domestic Orgs$100--$100
Total Functional Expenses$3,595$320,082$0$323,677
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
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 A, Line 2

Mr gilbert hakim, the founder and incorporator of firm foundation academy, is also the founder and ceo of soft computer consultants and rcm enterprise services, inc. Mr. Armin hakim has a business relationship with mr gilbert hakim. He is a paid employee of scc soft computer. He is the v.p. Of administration. Mr. Chad jones is a paid employee of rcm enterprise services, inc. As a project architect and development manager. Mr. Jones is the brother-in-law of ghazala jones. In addition, mr. Armin hakim's vehicle leasing compnay, nucap resources, has a contractual agreement with scc soft computer. Scc soft computer leases vehicles for business purposes from nucap resources. Mr. Armin hakim also serves as a board member to various other companies owned by mr. Gilbert hakim. These positions are non-paying and armin hakim is not compensated in any way for these roles and responsibilites: unity captive insurance ltd, nobleacts llc, golden age foundation.

Form 990, Part VI, Section A, Line 7A

The normal election time for members of the board of directors shall be during the annual meeting of the board of directors. Each director shall serve for a term of 5 years. Officers shall be appointed in accordance with these bylaws. Each director, including a director elected to fill a vacancy, shall hold office until the expiration of the term for which he or she was elected and until the election and qualification of a successor, or until that director's earlier resignation or removal in accordance with these bylaws and california nonprofit corporation law. By resolution, the board may arrange for terms to be staggered.

Form 990, Part VI, Section B, Line 11

Form 990 is reviewed at a regularly scheduled board meeting.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Firm Foundation Academy
EIN
46-3388400
Phone
7277890100
Address
5400 TECH DATA DRIVE, CLEARWATER, FL 33760-3116

Signing Officer

Name
Gilbert Hakim
Title
Chairman
Phone
7277890100
Signed
2016-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gilbert Hakim
Formed
2013
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
4
Volunteers
0

Preparer

Firm
Pdr Certified Public Accountants
Address
29750 US HWY 19 N 101, CLEARWATER, FL 33761-1510
Preparer
Jay E Wadsworth
Phone
7277854447
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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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IRS990/MissionDesc0FIRM FOUNDATION ACADEMY IS A NON-PROFIT EDUCATIONAL SOFTWARE COMPANY OPERATING AN EXPERIMENTAL POST-SECONDARY SCHOOL TO TEST AND REFINE ITS EDUCATIONAL SOFTWARE. OUR SCHOOL AND OUR TECHNOLOGIES ARE AIMED AT ONE VERY SPECIFIC NICHE OF EDUCATION: THE APPLICATION OF TECHNOLOGY TO ACHIEVE MORE EFFECTIVE STUDY OF GREAT LITERATURE.
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE NOTICE ON NONDISCRIMINATORY POLICY WAS PUBLISHED IN THE LOCAL NEWSPAPER ON MAY 8, 2014.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MR GILBERT HAKIM, THE FOUNDER AND INCORPORATOR OF FIRM FOUNDATION ACADEMY, IS ALSO THE FOUNDER AND CEO OF SOFT COMPUTER CONSULTANTS AND RCM ENTERPRISE SERVICES, INC. MR. ARMIN HAKIM HAS A BUSINESS RELATIONSHIP WITH MR GILBERT HAKIM. HE IS A PAID EMPLOYEE OF SCC SOFT COMPUTER. HE IS THE V.P. OF ADMINISTRATION. MR. CHAD JONES IS A PAID EMPLOYEE OF RCM ENTERPRISE SERVICES, INC. AS A PROJECT ARCHITECT AND DEVELOPMENT MANAGER. MR. JONES IS THE BROTHER-IN-LAW OF GHAZALA JONES. IN ADDITION, MR. ARMIN HAKIM'S VEHICLE LEASING COMPNAY, NUCAP RESOURCES, HAS A CONTRACTUAL AGREEMENT WITH SCC SOFT COMPUTER. SCC SOFT COMPUTER LEASES VEHICLES FOR BUSINESS PURPOSES FROM NUCAP RESOURCES. MR. ARMIN HAKIM ALSO SERVES AS A BOARD MEMBER TO VARIOUS OTHER COMPANIES OWNED BY MR. GILBERT HAKIM. THESE POSITIONS ARE NON-PAYING AND ARMIN HAKIM IS NOT COMPENSATED IN ANY WAY FOR THESE ROLES AND RESPONSIBILITES: UNITY CAPTIVE INSURANCE LTD, NOBLEACTS LLC, GOLDEN AGE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE NORMAL ELECTION TIME FOR MEMBERS OF THE BOARD OF DIRECTORS SHALL BE DURING THE ANNUAL MEETING OF THE BOARD OF DIRECTORS. EACH DIRECTOR SHALL SERVE FOR A TERM OF 5 YEARS. OFFICERS SHALL BE APPOINTED IN ACCORDANCE WITH THESE BYLAWS. EACH DIRECTOR, INCLUDING A DIRECTOR ELECTED TO FILL A VACANCY, SHALL HOLD OFFICE UNTIL THE EXPIRATION OF THE TERM FOR WHICH HE OR SHE WAS ELECTED AND UNTIL THE ELECTION AND QUALIFICATION OF A SUCCESSOR, OR UNTIL THAT DIRECTOR'S EARLIER RESIGNATION OR REMOVAL IN ACCORDANCE WITH THESE BYLAWS AND CALIFORNIA NONPROFIT CORPORATION LAW. BY RESOLUTION, THE BOARD MAY ARRANGE FOR TERMS TO BE STAGGERED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED AT A REGULARLY SCHEDULED BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0354000
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03595
IRS990/TotalFunctionalExpensesGrp/TotalAmt0323677
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0251734
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0282058
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt03595
IRS990/TotalOtherProgSrvcGrantAmt0100
IRS990/TotalProgramServiceExpensesAmt03595
IRS990/TotalReportableCompFromOrgAmt099831
IRS990/TotalRevenueGrp/ExclusionAmt01
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0354001
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0251734
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0282058
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt02195
IRS990/TravelGrp/TotalAmt02195
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033760
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0FIRM-FOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GILBERT HAKIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum07277890100
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIRM FOUNDATION ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0FIRM
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PDR CERTIFIED PUBLIC ACCOUNTANTS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt029750 US HWY 19 N 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CLEARWATER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0337611510
ReturnHeader/PreparerPersonGrp/PhoneNum07277854447
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAY E WADSWORTH
ReturnHeader/ReturnTs02016-11-11T09:00:58-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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