Civic Intelligence

Reach Academy

990 • Fiscal year 2016 • EIN 46-5340112

Jul 01, 2015 to Jun 30, 2016 • Filed on May 15, 2017

Organization ProfileWWW.LEONAGROUP.COM
2125 University Park DrOkemos, MI 48864

(517) 203-3716

Siviq Scores

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

Liabilities / Assets

99th percentile

3.60x

Higher debt load relative to assets than 99% of similar nonprofits.

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

Liabilities / Revenue

84th percentile

0.95x

Higher debt load relative to revenue than 84% of similar nonprofits.

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

Net Margin

5th percentile

-74%

Higher net margin than 5% 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

94th percentile

71%

Faster asset growth than 94% of similar nonprofits.

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

Revenue Growth

52nd percentile

3.5%

Faster revenue growth than 52% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$655,020

Up $272,825 (+71%) from 2015

Net Assets

Down

-$1,705,276

Down $1,828,373 (-1485%) from 2015

Liabilities

Up

$2,360,296

Up $2,101,198 (+811%) from 2015

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin5th percentile

Revenue

Up

$2,487,740

Up $84,581 (+3.5%) from 2015

Expenses

Up

$4,324,930

Up $2,044,868 (+90%) from 2015

Net Income

Down

-$1,837,190

Down $1,960,287 (-1592%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$4.0M$2.0M$0-$2.0MAssets 2015: $382,195Liabilities 2015: $259,098Net Assets 2015: $123,0972015Assets 2016: $655,020Liabilities 2016: $2,360,296Net Assets 2016: -$1,705,2762016Assets 2017: $1,165,087Liabilities 2017: $2,970,761Net Assets 2017: -$1,805,6742017Assets 2018: $1,396,986Liabilities 2018: $2,834,091Net Assets 2018: -$1,437,1052018Assets 2019: $1,146,231Liabilities 2019: $2,704,386Net Assets 2019: -$1,558,1552019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2016

Assets$655,020
Liabilities$2,360,296
Net Assets-$1,705,276
Open 2016 Filing

Operations Trend

Revenue Growth52nd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $2,403,159Expenses 2015: $2,280,062Net Income 2015: $123,0972015Revenue 2016: $2,487,740Expenses 2016: $4,324,930Net Income 2016: -$1,837,1902016Revenue 2017: $2,578,736Expenses 2017: $2,679,134Net Income 2017: -$100,3982017Revenue 2018: $2,775,293Expenses 2018: $2,727,889Net Income 2018: $47,4042018Revenue 2019: $2,230,307Expenses 2019: $2,351,357Net Income 2019: -$121,0502019Revenue 2020: $178,775Expenses 2020: $63,138Net Income 2020: $115,6372020

Highlighted filing

2016

Revenue$2,487,740
Expenses$4,324,930
Net Income-$1,837,190
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 15, 2017
Return Version
2015v3.0
Gross Receipts
$2,487,740
Mission and Program Overview

Mission

At reach academy, learning isour highest priority and all students can learn. Students achieve their fullest potential through effective instruction, high standards and expectations, and learning personal responsibility and accountability for their actions. We believe that our school, families, and community are partners in education and share the collective responsibility of educating today's youth for tomorrow's challenges.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$48,998$162,184▲ $113,186
Pledges and Grants Receivable$157,197$117,205▼ $39,992
Land, Buildings, and Equipment, Net$33,941$24,076▼ $9,865
Accounts Receivable-$21,504-
Prepaid Expenses and Deferred Charges$24,452$13,060▼ $11,392
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$123,097$-1,705,276▼ $1,828,373
Total Assets$382,195$655,020▲ $272,825
Other Assets Total$117,607$316,991▲ $199,384
Liabilities
Other Liabilities$0$2,099,976▲ $2,099,976
Accounts Payable and Accrued Expenses$259,098$260,320▲ $1,222
Total Liabilities$259,098$2,360,296▲ $2,101,198
Net Assets / Fund Balance
Total Net Assets Fund Balance$123,097$-1,705,276▼ $1,828,373
Total Liabilities and Net Assets / Fund Balance$382,195$655,020▲ $272,825

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$24,076$15,718$39,794
Other Assets Org$316,991--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Charles AllenPresident
Marjorie CurryVice-president
Crystal HarrisMember
Rachel RodriquezSecretary
Ed BlakenshipTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
The Leona Ohio Employment GroupStaffing & Management Services2125 UNIVERSITY PARK DR, Okemos, MI 48864$4,182,299
Revenue and Support

Revenue Composition

Contributions and Grants
$2,455,026
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$32,714
Change in Net Assets
$-1,837,190

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,487,740
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,487,740
Total Revenue per Form 990
$2,487,740
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,324,930
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$4,182,299--$4,182,299
Office Expenses$101,422--$101,422
Other Expenses$29,987--$29,987
Depreciation Depletion$9,866--$9,866
All Other Expenses$1,356--$1,356
Total Functional Expenses$4,324,930$0$0$4,324,930

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,324,930
Total Expenses per Audited Statements$4,324,930
Total Expenses per Form 990$4,324,930
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$2,099,976
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The leona group manages the academy's operations.”

Form 990, Part VI, Section B, Line 11

“The fiscal officer reviews.”

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

“Statements of assurances are filed every year for board members. If a conflict of interest arose that director would not participate in the vote.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Reach Academy
EIN
46-5340112
Phone
5172033716
Address
2125 UNIVERSITY PARK DR, OKEMOS, MI 48864

Signing Officer

Name
Melinda Benkovsky
Title
Director of Finance
Phone
5172033716
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melinda Benkovsky
Formed
2014
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Rea & Associates Inc
Address
941 STEUBENVILLE AVE PO BOX 820, CAMBRIDGE, OH 43725-0820
Preparer
Mary Elizabeth Wright CPA
Phone
7404325658
Supplemental Narrative

Additional Explanations

Form 990, Part IV, Line 12

“Unaudited financial statements have been sent to the state of ohio. The state of ohio will be completing an audit on the financial statements as of the return filing date. Financial statements that are audited under accounting principles generally accepted in the united states are unavailable.”

Financial Statement Notes

PART X, LINE 2:

“"this is a governmental enterprise - fin 48 does not apply"”

Raw XML Appendix356 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/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0WHEN ADVERTISEMENTS ARE PLACED IN LOCAL NEWSPAPERS OR THROUGH BROADCAST MEDIA TO SOLICIT NEW STUDENTS, IT IS STATED THAT THE ACADEMY DOES NOT DISCRIMINATE IN ANY WAY.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ACADEMY DOES NOT SOLICIT CONTRIBUTIONS
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL RECEIVES US DEPARTMENT OF EDUCATION TITLE FUNDING THROUGH THE OHIO DEPARTMENT OF EDUCATION TO SUPPLEMENT EDUCATIONAL PROGRAMS, PROVIDE ASSISTANCE TO STUDENTS IN NEED AND TO PROVIDE A SCHOOL LUNCH PROGRAM. THE STATE OF OHIO ALSO PROVIDES FUNDING FOR PROFESSIONAL DEVELOPMENT, DATA REPORTING AND COMMUNICATIONS. ALL SUCH FUNDS RECEIVED HAVE BEEN REPORTED AS GOVERNMENT CONTRIBUTIONS ON FORM 990 PART VIII, LINE IE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0UNAUDITED FINANCIAL STATEMENTS HAVE BEEN SENT TO THE STATE OF OHIO. THE STATE OF OHIO WILL BE COMPLETING AN AUDIT ON THE FINANCIAL STATEMENTS AS OF THE RETURN FILING DATE. FINANCIAL STATEMENTS THAT ARE AUDITED UNDER ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES ARE UNAVAILABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE LEONA GROUP MANAGES THE ACADEMY'S OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FISCAL OFFICER REVIEWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3STATEMENTS OF ASSURANCES ARE FILED EVERY YEAR FOR BOARD MEMBERS. IF A CONFLICT OF INTEREST AROSE THAT DIRECTOR WOULD NOT PARTICIPATE IN THE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART IV, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0382195
IRS990/TotalAssetsEOYAmt0655020
IRS990/TotalAssetsGrp/BOYAmt0382195
IRS990/TotalAssetsGrp/EOYAmt0655020
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02455026
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04324930
IRS990/TotalFunctionalExpensesGrp/TotalAmt04324930
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0259098
IRS990/TotalLiabilitiesEOYAmt02360296
IRS990/TotalLiabilitiesGrp/BOYAmt0259098
IRS990/TotalLiabilitiesGrp/EOYAmt02360296
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0123097
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1705276
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt04324930
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt032714
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02487740
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0382195
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0655020
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02125 UNIVERSITY PARK DR
IRS990/USAddress/CityNm0OKEMOS
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048864
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.LEONAGROUP.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MELINDA BENKOVSKY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR OF FINANCE
ReturnHeader/BusinessOfficerGrp/PhoneNum05172033716
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REACH ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0REAC
ReturnHeader/Filer/EIN0465340112
ReturnHeader/Filer/PhoneNum05172033716
ReturnHeader/Filer/USAddress/AddressLine1Txt02125 UNIVERSITY PARK DR
ReturnHeader/Filer/USAddress/CityNm0OKEMOS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048864
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0341310124
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0REA & ASSOCIATES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0941 STEUBENVILLE AVE PO BOX 820
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CAMBRIDGE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0437250820
ReturnHeader/PreparerPersonGrp/PhoneNum07404325658
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARY ELIZABETH WRIGHT CPA
ReturnHeader/ReturnTs02017-05-15T15:23:52-05:00
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
$655,020
Liabilities
$2,360,296
Net assets
-$1,705,276
Revenue
$2,487,740
Expenses
$4,324,930
Net income
-$1,837,190
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.18$0.06$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.15$2.70$1.56$2.23$2.35$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.40$2.83$1.44$2.78$2.73$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$2.97$1.81$2.58$2.68$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.66$2.36$1.71$2.49$4.32$1.84
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.38$0.26$0.12$2.40$2.28$0.12