Civic Intelligence

Clearwater Academy Inc.

990 • Fiscal year 2018 • EIN 46-4705140

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 27, 2019

210 Greencastle RoadTyrone, GA 30290

(770) 631-3650

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

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

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

Liabilities / Revenue

14th percentile

0.00x

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

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

Net Margin

75th percentile

17%

Higher net margin than 75% of similar nonprofits.

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

Top Officer Pay

53rd percentile

$70,733

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

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

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2017 to 2018

Revenue Growth

96th percentile

185%

Faster revenue growth than 96% of similar nonprofits.

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

Assets

Up

$254,489

Up $256,803 (+11098%) from 2017

Net Assets

Up

$254,489

Up $256,803 (+11098%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Up

$1,265,923

Up $821,952 (+185%) from 2017

Expenses

Up

$1,051,264

Up $606,276 (+136%) from 2017

Net Income

Up

$214,659

Up $215,676 (+21207%) from 2017

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2014: -$399,321Liabilities 2014: $0Net Assets 2014: -$399,3212014Assets 2015: -$373,535Liabilities 2015: $0Net Assets 2015: -$373,5362015Assets 2016: -$449,810Liabilities 2016: $0Net Assets 2016: -$449,8102016Assets 2017: -$2,314Liabilities 2017: $0Net Assets 2017: -$2,3142017Assets 2018: $254,489Liabilities 2018: $0Net Assets 2018: $254,4892018Assets 2019: $312,489Liabilities 2019: $15,455Net Assets 2019: $297,0342019Assets 2020: $448,688Liabilities 2020: $146,442Net Assets 2020: $302,2462020Assets 2021: $1,409,821Liabilities 2021: $1,067,869Net Assets 2021: $341,9522021Assets 2022: $1,486,246Liabilities 2022: $1,041,157Net Assets 2022: $445,0892022Assets 2023: $1,666,315Liabilities 2023: $1,053,046Net Assets 2023: $613,2692023Assets 2024: $1,743,878Liabilities 2024: $991,661Net Assets 2024: $752,2172024

Highlighted filing

2018

Assets$254,489
Liabilities$0
Net Assets$254,489

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2014: $815,024Expenses 2014: $897,577Net Income 2014: -$82,5532014Revenue 2015: $862,350Expenses 2015: $836,565Net Income 2015: $25,7852015Revenue 2016: $0Expenses 2016: $943,471Net Income 2016: -$943,4712016Revenue 2017: $443,971Expenses 2017: $444,988Net Income 2017: -$1,0172017Revenue 2018: $1,265,923Expenses 2018: $1,051,264Net Income 2018: $214,6592018Revenue 2019: $1,043,165Expenses 2019: $1,000,620Net Income 2019: $42,5452019Revenue 2020: $867,913Expenses 2020: $862,701Net Income 2020: $5,2122020Revenue 2021: $892,286Expenses 2021: $852,580Net Income 2021: $39,7062021Revenue 2022: $1,037,329Expenses 2022: $934,192Net Income 2022: $103,1372022Revenue 2023: $1,190,370Expenses 2023: $1,022,191Net Income 2023: $168,1792023Revenue 2024: $1,157,205Expenses 2024: $1,018,257Net Income 2024: $138,9482024

Highlighted filing

2018

Revenue$1,265,923
Expenses$1,051,264
Net Income$214,659
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 27, 2019
Return Version
2017v2.2
Gross Receipts
$1,265,923
Mission and Program Overview

Mission

Discovering strengths. Creating hope.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$-2,314$246,215▲ $248,529
Land, Buildings, and Equipment, Net-$8,274-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$-2,314$254,489▲ $256,803
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$-2,314$254,489▲ $256,803
Total Net Assets Fund Balance$-2,314$254,489▲ $256,803
Total Liabilities and Net Assets / Fund Balance$-2,314$254,489▲ $256,803

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,274$10,174$18,448
Other Land Buildings-$4,097$4,097
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Heidi JohnsonSecretaryFT$70,733$70,733

Board Members and Trustees

NameTitle
Lynne KassemPresident
Adam M WaltersDirector
Eric DialDirector
Evelyn BarellaDirector
Mike HolmesDirector
Mohamad KassemTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,265,923
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$214,659
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$809,248
Other Expenses$242,016
Total Fundraising Expense$88,163
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$493,925$135,322$47,362$676,609
Fees for Services Other$130,449$76,664$31,388$238,501
Current Officers, Directors, Trustees, and Key Employees$51,635$14,147$4,951$70,733
Payroll Taxes$45,192$12,381$4,333$61,906
Occupancy$2,303$128$129$2,560
Depreciation Depletion$716$239-$955
Total Functional Expenses$724,220$238,881$88,163$1,051,264
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
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, Line 11B: Form 990 Review Process

Form 990 is reviewed by the executive board of the organization

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents disclosure are made available upon request

Filing and Contact Details

Filer

Filer Name
Clearwater Academy Inc
EIN
46-4705140
Phone
7706313650
Address
210 GREENCASTLE ROAD, TYRONE, GA 30290

Signing Officer

Name
Lynne Kassem
Title
President
Signed
2019-02-27
Discuss with paid preparer
Yes

Organization Details

Formed
2008
Legal Domicile
Ga
Voting Board Members
7
Independent Board Members
7
Employees
15

Preparer

Firm
Ahart Boyett LLC
Address
1000 Pleasance Grove, Peachtree City, GA 30269
Preparer
Michael Ahart
Phone
8777474332
Supplemental Narrative

Additional Explanations

ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES

How do you discover student strengths and create hope for families who otherwise saw no hope for an independent future for their child with learning differences? You create a clearwater academy .as a national model for how students with learning differences should be educated! This can be done by creating an inviting environment with an expert staff that utilizes the best of the best strategies and proven academic programs with therapies all included in the school day, and then create partnerships with every family, community sponsor, corporate supporter, and the medical community so that the right services are always being provided to every child all the time! Success is measured in numerous ways at clearwater academy. First and foremost, success is measured in the happy spirits of children laughing and enjoying being in a school environment that is 100% supportive, encouraging and involved. You also measure success by the words, email messages, phone calls of parents who say, "thank you fo~ providing a place where my child feels successful i respected i happy i and now has friends - ii success is also measured in annual achievement scores that show one year of academic growth or two or more years of academic growth in reading and mathematics. You also measure results by the number of students who return year after year to clearwater academy; by the number of new students who are enrolled year after year; by the number of students who have shown incredible mastery of academics and social development that they are able to return to the public school setting; by the number of students graduating with a high school diploma; by the number of_ students participating in local business internships and excited about their futures; by the number of corporate sponsors who believe in what you are doing; by the low teacher turn over; and by the happy faces you see on every student' s face as you greet them at the back door each morning and welcome them to another day at clearwater academy. Because these are the indicators that prove that clearwater academy is an innovative educational model, each year we will strive to always put every child first, and seek to be the beacon of light for students who have been told from past educational experiences that they do not have strengths while providing innovative and collaborative opportunities to bring hope to every family!

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IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
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IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE EXECUTIVE BOARD OF THE ORGANIZATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS DISCLOSURE ARE MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2HOW DO YOU DISCOVER STUDENT STRENGTHS AND CREATE HOPE FOR FAMILIES WHO OTHERWISE SAW NO HOPE FOR AN INDEPENDENT FUTURE FOR THEIR CHILD WITH LEARNING DIFFERENCES? YOU CREATE A CLEARWATER ACADEMY .AS A NATIONAL MODEL FOR HOW STUDENTS WITH LEARNING DIFFERENCES SHOULD BE EDUCATED! THIS CAN BE DONE BY CREATING AN INVITING ENVIRONMENT WITH AN EXPERT STAFF THAT UTILIZES THE BEST OF THE BEST STRATEGIES AND PROVEN ACADEMIC PROGRAMS WITH THERAPIES ALL INCLUDED IN THE SCHOOL DAY, AND THEN CREATE PARTNERSHIPS WITH EVERY FAMILY, COMMUNITY SPONSOR, CORPORATE SUPPORTER, AND THE MEDICAL COMMUNITY SO THAT THE RIGHT SERVICES ARE ALWAYS BEING PROVIDED TO EVERY CHILD ALL THE TIME! SUCCESS IS MEASURED IN NUMEROUS WAYS AT CLEARWATER ACADEMY. FIRST AND FOREMOST, SUCCESS IS MEASURED IN THE HAPPY SPIRITS OF CHILDREN LAUGHING AND ENJOYING BEING IN A SCHOOL ENVIRONMENT THAT IS 100% SUPPORTIVE, ENCOURAGING AND INVOLVED. YOU ALSO MEASURE SUCCESS BY THE WORDS, EMAIL MESSAGES, PHONE CALLS OF PARENTS WHO SAY, "THANK YOU FO~ PROVIDING A PLACE WHERE MY CHILD FEELS SUCCESSFUL I RESPECTED I HAPPY I AND NOW HAS FRIENDS - II SUCCESS IS ALSO MEASURED IN ANNUAL ACHIEVEMENT SCORES THAT SHOW ONE YEAR OF ACADEMIC GROWTH OR TWO OR MORE YEARS OF ACADEMIC GROWTH IN READING AND MATHEMATICS. YOU ALSO MEASURE RESULTS BY THE NUMBER OF STUDENTS WHO RETURN YEAR AFTER YEAR TO CLEARWATER ACADEMY; BY THE NUMBER OF NEW STUDENTS WHO ARE ENROLLED YEAR AFTER YEAR; BY THE NUMBER OF STUDENTS WHO HAVE SHOWN INCREDIBLE MASTERY OF ACADEMICS AND SOCIAL DEVELOPMENT THAT THEY ARE ABLE TO RETURN TO THE PUBLIC SCHOOL SETTING; BY THE NUMBER OF STUDENTS GRADUATING WITH A HIGH SCHOOL DIPLOMA; BY THE NUMBER OF_ STUDENTS PARTICIPATING IN LOCAL BUSINESS INTERNSHIPS AND EXCITED ABOUT THEIR FUTURES; BY THE NUMBER OF CORPORATE SPONSORS WHO BELIEVE IN WHAT YOU ARE DOING; BY THE LOW TEACHER TURN OVER; AND BY THE HAPPY FACES YOU SEE ON EVERY STUDENT' S FACE AS YOU GREET THEM AT THE BACK DOOR EACH MORNING AND WELCOME THEM TO ANOTHER DAY AT CLEARWATER ACADEMY. BECAUSE THESE ARE THE INDICATORS THAT PROVE THAT CLEARWATER ACADEMY IS AN INNOVATIVE EDUCATIONAL MODEL, EACH YEAR WE WILL STRIVE TO ALWAYS PUT EVERY CHILD FIRST, AND SEEK TO BE THE BEACON OF LIGHT FOR STUDENTS WHO HAVE BEEN TOLD FROM PAST EDUCATIONAL EXPERIENCES THAT THEY DO NOT HAVE STRENGTHS WHILE PROVIDING INNOVATIVE AND COLLABORATIVE OPPORTUNITIES TO BRING HOPE TO EVERY FAMILY!
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0724220
IRS990/TotalFunctionalExpensesGrp/TotalAmt01051264
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IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2314
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0254489
IRS990/TotalProgramServiceExpensesAmt0724220
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt070733
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01265923
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0254489
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LYNNE KASSEM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CLEARWATER ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0CLEA
ReturnHeader/Filer/EIN0464705140
ReturnHeader/Filer/PhoneNum07706313650
ReturnHeader/Filer/USAddress/AddressLine1Txt0210 GREENCASTLE ROAD
ReturnHeader/Filer/USAddress/CityNm0TYRONE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030290
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0455627015
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Ahart Boyett LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01000 Pleasance Grove
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Peachtree City
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030269
ReturnHeader/PreparerPersonGrp/PhoneNum08777474332
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael Ahart
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-02-27T14:05:13-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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