Civic Intelligence

Firm Foundation Academy

990 • Fiscal year 2017 • EIN 46-3388400

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 07, 2018

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

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

17th percentile

0.00x

Higher debt load relative to revenue than 17% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

26th percentile

-5.8%

Higher net margin than 26% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

64th percentile

$90,000

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 15.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

27th percentile

-2.7%

Faster asset growth than 27% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

3rd percentile

-61%

Faster revenue growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,316,770

Down $36,700 (-2.7%) from 2016

Net Assets

Down

$1,315,359

Down $34,940 (-2.6%) from 2016

Liabilities

Down

$1,411

Down $1,760 (-56%) from 2016

Revenue

Down

$601,997

Down $948,004 (-61%) from 2016

Expenses

Up

$636,937

Up $155,177 (+32%) from 2016

Net Income

Down

-$34,940

Down $1,103,181 (-103%) from 2016

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

2017

Assets$1,316,770
Liabilities$1,411
Net Assets$1,315,359

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

2017

Revenue$601,997
Expenses$636,937
Net Income-$34,940
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 7, 2018
Return Version
2017v2.3
Gross Receipts
$601,997
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$1,350,299$1,315,359▼ $34,940
Land, Buildings, and Equipment, Net$1,296,371$1,199,916▼ $96,455
Cash and Non-Interest-Bearing Accounts$49,487$109,359▲ $59,872
Prepaid Expenses and Deferred Charges$7,612$7,495▼ $117
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,353,470$1,316,770▼ $36,700
Liabilities
Accounts Payable and Accrued Expenses$3,171$1,411▼ $1,760
Total Liabilities$3,171$1,411▼ $1,760
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,350,299$1,315,359▼ $34,940
Total Liabilities and Net Assets / Fund Balance$1,353,470$1,316,770▼ $36,700

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$141,784$116,208-
Equipment$41,248$70,982-
Leasehold Improvements$1,016,884$143,422-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ghazala JonesProgram DirectorFT$90,000$90,000

Board Members and Trustees

NameTitle
Gilbert HakimChairman
Chad JonesSecretary
Armin HakimTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$600,140
Program Service Revenue
$1,500
Investment Income
$2
Other Revenue
$355
All Other Contributions
$600,140
Change in Net Assets
$-34,940
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$521,002
Salaries, Compensation, and Employee Benefits$115,935
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion-$128,508-$128,508
Current Officers, Directors, Trustees, and Key Employees$45,000$45,000-$90,000
Information Technology$61,943--$61,943
Fees for Services Legal-$60,162-$60,162
Advertising$56,765--$56,765
Insurance-$20,543-$20,543
Other Salaries and Wages$8,640$8,640-$17,280
Fees for Services Accounting-$14,455-$14,455
Fees for Services Management-$13,615-$13,615
Office Expenses-$12,733-$12,733
Payroll Taxes$4,327$4,328-$8,655
All Other Expenses$2,985$5,590-$8,575
Other Expenses$8,047$4,128-$4,128
Travel-$3,398-$3,398
Fees for Services Other-$579-$579
Total Functional Expenses$187,707$449,230$0$636,937
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 company, 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 11B

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
2018-11-07
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
2
Volunteers
0

Preparer

Firm
Pdr Cpas Advisors Inc
Address
4023 TAMPA ROAD SUITE 2000, OLDSMAR, FL 34677
Preparer
Jay E Wadsworth
Phone
7277854447
Raw XML Appendix358 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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IRS990/Desc0FIRM FOUNDATION ACADEMY IS A SINGULAR ACADEMIC EXPERIENCE WITH ONE GOAL FOR OUR STUDENTS: SIGNIFICANTLY IMPROVE THEIR ABILITY TO READ AND THINK. WE FUSE TRADITIONAL TEACHING METHODS WITH TECHNOLOGICAL INNOVATIONS TO FOSTER A RICH LEARNING ENVIRONMENT. STUDENTS ARE GIVEN A TABLET TO USE DURING THEIR STAY, EQUIPPED WITH OUR UNIQUELY ENGINEERED FFA READER SOFTWARE. THROUGH ACADEMIC EXPLORATION, OUR STUDENTS WILL LEARN HOW TO DEVELOP AND DEFEND AN ARGUMENT AS WELL AS CULTIVATE STRONG LISTENING, READING AND CRITICAL THINKING SKILLS.
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0OUR NON-DISCRIMINATION POLICY IS PERMANENTLY PUBLISHED ON OUR WEBSITE.
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 COMPANY, 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 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01353470
IRS990/TotalAssetsEOYAmt01316770
IRS990/TotalAssetsGrp/BOYAmt01353470
IRS990/TotalAssetsGrp/EOYAmt01316770
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0600140
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0449230
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0187707
IRS990/TotalFunctionalExpensesGrp/TotalAmt0636937
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IRS990/TotalLiabilitiesEOYAmt01411
IRS990/TotalLiabilitiesGrp/BOYAmt03171
IRS990/TotalLiabilitiesGrp/EOYAmt01411
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01350299
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01315359
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0187707
IRS990/TotalProgramServiceRevenueAmt01500
IRS990/TotalReportableCompFromOrgAmt090000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01857
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0601997
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01353470
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01316770
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt03398
IRS990/TravelGrp/TotalAmt03398
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05400 TECH DATA DRIVE
IRS990/USAddress/CityNm0CLEARWATER
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033760
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0FIRM-FOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GILBERT HAKIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum07277890100
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIRM FOUNDATION ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0FIRM
ReturnHeader/Filer/EIN0463388400
ReturnHeader/Filer/PhoneNum07277890100
ReturnHeader/Filer/USAddress/AddressLine1Txt05400 TECH DATA DRIVE
ReturnHeader/Filer/USAddress/CityNm0CLEARWATER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd0337603116
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId08F08AD01901128200DAE79E514573EAF0D08F226
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0CB5C43F83AD3755FE59C80DDBC57F517AD9A9BEC
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.88.174.3
ReturnHeader/FilingSecurityInformation/IPDt02018-11-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm011:45:15
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0591687531
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PDR CPAS ADVISORS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04023 TAMPA ROAD SUITE 2000
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OLDSMAR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd034677
ReturnHeader/PreparerPersonGrp/PhoneNum07277854447
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAY E WADSWORTH
ReturnHeader/ReturnTs02018-11-09T10:46:45-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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