Civic Intelligence

Arts Academy Elementary Charter School Inc.

990 • Fiscal year 2018 • EIN 47-3603998

Jul 01, 2017 to Jun 30, 2018 • Filed on May 09, 2019

601 W Union AveAllentown, PA 18101

(610) 841-4560

Siviq Scores

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

Liabilities / Assets

81st percentile

0.62x

Higher debt load relative to assets than 81% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

46th percentile

0.14x

Higher debt load relative to revenue than 46% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

55th percentile

4.5%

Higher net margin than 55% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

26th percentile

$63,078

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

36th percentile

-1.5%

Faster asset growth than 36% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

65th percentile

11%

Faster revenue growth than 65% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,183,388

Down $18,216 (-1.5%) from 2017

Net Assets

Up

$451,093

Up $301,897 (+202%) from 2017

Liabilities

Down

$732,295

Down $320,113 (-30%) from 2017

Revenue

Up

$5,351,835

Up $511,459 (+11%) from 2017

Expenses

Up

$5,111,830

Up $557,025 (+12%) from 2017

Net Income

Down

$240,005

Down $45,566 (-16%) from 2017

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2016: $1,614,692Liabilities 2016: $1,751,067Net Assets 2016: -$136,3752016Assets 2017: $1,201,604Liabilities 2017: $1,052,408Net Assets 2017: $149,1962017Assets 2018: $1,183,388Liabilities 2018: $732,295Net Assets 2018: $451,0932018Assets 2019: $1,403,058Liabilities 2019: $643,525Net Assets 2019: $759,5332019Assets 2020: $1,830,756Liabilities 2020: $497,755Net Assets 2020: $1,333,0012020Assets 2021: $2,224,966Liabilities 2021: $564,412Net Assets 2021: $1,660,5542021Assets 2022: $10,589,507Liabilities 2022: $10,203,922Net Assets 2022: $385,5852022Assets 2023: $10,207,423Liabilities 2023: $9,477,019Net Assets 2023: $730,4042023

Highlighted filing

2018

Assets$1,183,388
Liabilities$732,295
Net Assets$451,093

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2016: $4,187,162Expenses 2016: $4,323,537Net Income 2016: -$136,3752016Revenue 2017: $4,840,376Expenses 2017: $4,554,805Net Income 2017: $285,5712017Revenue 2018: $5,351,835Expenses 2018: $5,111,830Net Income 2018: $240,0052018Revenue 2019: $6,089,037Expenses 2019: $5,780,597Net Income 2019: $308,4402019Revenue 2020: $6,244,077Expenses 2020: $5,670,609Net Income 2020: $573,4682020Revenue 2021: $6,498,918Expenses 2021: $6,171,365Net Income 2021: $327,5532021Revenue 2022: $7,236,438Expenses 2022: $7,338,809Net Income 2022: -$102,3712022Revenue 2023: $7,969,367Expenses 2023: $7,815,699Net Income 2023: $153,6682023

Highlighted filing

2018

Revenue$5,351,835
Expenses$5,111,830
Net Income$240,005
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 9, 2019
Return Version
2017v2.2
Gross Receipts
$5,351,835
Mission and Program Overview

Mission

The Arts Academy Elementary Charter School

The arts academy elementary charter school to provide a rich and comprehensive educational program for students in grades k-5 by employing an intensive artistic immersion program. A rigorous and traditional academic program will be enhanced with rich and

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$774,561$862,722▲ $88,161
Land, Buildings, and Equipment, Net$295,552$300,709▲ $5,157
Loans From Officers Directors$200,000--
Prepaid Expenses and Deferred Charges$47,917--
Cash and Non-Interest-Bearing Accounts$83,574$19,957▼ $63,617
Total Assets$1,201,604$1,183,388▼ $18,216
Liabilities
Accounts Payable and Accrued Expenses$852,408$732,295▼ $120,113
Total Liabilities$1,052,408$732,295▼ $320,113
Net Assets / Fund Balance
Unrestricted Net Assets$149,196$451,093▲ $301,897
Total Net Assets Fund Balance$149,196$451,093▲ $301,897
Total Liabilities and Net Assets / Fund Balance$1,201,604$1,183,388▼ $18,216

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$28,000--
Equipment$233,708$66,490-
Leasehold Improvements$39,001$4,415-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nancy HorvatPrincipalFT$63,078$63,078
Joanna HughesExecutive DirectorFT$59,498$59,498
Joanna Hughes--$59,498$59,498
Jacqueline VogelPrincipalFT$50,555$50,555
Jacqueline Vogel--$50,555$50,555
Jay EitnerCEOFT$41,908$41,908
Jay Eitner--$41,908$41,908
Aldo CavalliCEOFT$20,285$20,285

Board Members and Trustees

NameTitle
Amy BestPresident
Rosalee SaboVice President
Angela Sigley GrossmanBoard Member
Sally Ann HanzlikBoard Member
Zanetta Worthy-groffBoard Member
Casey GallagherTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
West Union Development LPRent1177 N 6th Street, Whitehall, PA 18052$708,699
Allentown School DistrictBusiness management31 South Penn Street PO Box 328, Allentown, PA 18105$120,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,392,852
Investment Income
$983
Other Revenue
$-42,000
Change in Net Assets
$240,005
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,154,046
Other Expenses$1,957,784
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,679,672$519,606$0$2,199,278
Occupancy$0$575,000$0$575,000
Other Employee Benefits$425,686$93,806$0$519,492
All Other Expenses$37,853$237,457$0$275,310
Fees for Services Other$236,951$6,388$0$243,339
Payroll Taxes$142,260$54,227$0$196,487
Fees for Services Accounting$0$181,476$0$181,476
Current Officers, Directors, Trustees, and Key Employees$0$122,769$0$122,769
Pension Plan Contributions$83,973$32,047$0$116,020
Other Expenses$0$84,420$0$84,420
Fees for Services Legal$0$61,124$0$61,124
Interest$0$27,401$0$27,401
Insurance$0$24,587$0$24,587
Depreciation Depletion$0$22,844$0$22,844
Office Expenses$0$14,292$0$14,292
Travel$13,386$383$0$13,769
Advertising$0$5,696$0$5,696
Total Functional Expenses$2,994,256$2,117,574$0$5,111,830
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
Loans from Officers, Directors, Trustees, and Key Employees$200,000--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Arts Academy Elementary Charter School
EIN
47-3603998
Phone
6108414560
Address
601 W Union Ave, Allentown, PA 18101

Signing Officer

Name
Amy Best
Title
Board President
Phone
6108414560
Signed
2019-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Best
Formed
2013
Legal Domicile
Pa
Voting Board Members
6
Independent Board Members
6
Employees
89
Volunteers
0

Preparer

Firm
Anthony Repice
Address
2901 S 15TH ST, PHILADELPHIA, PA 19145-4916
Preparer
Anthony Repicecpa
Phone
2157557603
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The Board was a provided a hard copy of the 990 return

Pt VI, Line 15A

All compensation is reviewed and approved by the board

Pt VI, Line 15B

All compensation is reviewed and approved by the board

Pt VI, Line 7A

The Board reviews the statements and selects auditors on a yearly basis

Form 990, Part IX, Line 24E

Utilities 48186. 0. 48186. 0.

Form 990, Part IX, Line 24E

Repairs & Maintenance 40967. 0. 40967. 0.

Form 990, Part IX, Line 24E

Equipment Rental 30690. 0. 30690. 0.

Form 990, Part IX, Line 24E

Small Equipment/Furniture 58916. 30916. 28000. 0.

Form 990, Part IX, Line 24E

Student Activities 6937. 6937. 0. 0.

Form 990, Part IX, Line 24E

Property Taxes 83673. 0. 83673. 0.

Form 990, Part IX, Line 24E

Miscellaneous 5941. 0. 5941. 0.

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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt093806
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0425686
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0519492
IRS990/OtherExpensesGrp/Desc0Food Program
IRS990/OtherExpensesGrp/Desc1Books & Supplies
IRS990/OtherExpensesGrp/Desc2Communications
IRS990/OtherExpensesGrp/Desc3Dues & Fees
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt122623
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt231428
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt384420
IRS990/OtherExpensesGrp/ProgramServicesAmt0232489
IRS990/OtherExpensesGrp/ProgramServicesAmt1141986
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt0232489
IRS990/OtherExpensesGrp/TotalAmt1164609
IRS990/OtherExpensesGrp/TotalAmt231428
IRS990/OtherExpensesGrp/TotalAmt384420
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Special Item
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0-42000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0-42000
IRS990/OtherRevenueTotalAmt0-42000
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0519606
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01679672
IRS990/OtherSalariesAndWagesGrp/TotalAmt02199278
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt054227
IRS990/PayrollTaxesGrp/ProgramServicesAmt0142260
IRS990/PayrollTaxesGrp/TotalAmt0196487
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt032047
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt083973
IRS990/PensionPlanContributionsGrp/TotalAmt0116020
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt047917
IRS990/PrincipalOfficerNm0AMY BEST
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0Local Sources
IRS990/ProgramServiceRevenueGrp/Desc1State Sources
IRS990/ProgramServiceRevenueGrp/Desc2Federal Sources
IRS990/ProgramServiceRevenueGrp/Desc3Other Sources
IRS990/ProgramServiceRevenueGrp/Desc4Food Program
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04913358
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt158360
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2264029
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt326929
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4130176
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0458
IRS990/PYOtherExpensesAmt01539312
IRS990/PYProgramServiceRevenueAmt04839918
IRS990/PYRevenuesLessExpensesAmt0285571
IRS990/PYSalariesCompEmpBnftPaidAmt03015493
IRS990/PYTotalExpensesAmt04554805
IRS990/PYTotalRevenueAmt04840376
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0240005
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04940679
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0233708
IRS990ScheduleD/EquipmentGrp/DepreciationAmt066490
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0300198
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt039001
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04415
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt043416
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt028000
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt028000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0300709
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0false
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0false
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL DOES NOT SOLICIT STUDENTS. THERE IS A POLICY IN PLACE, BUT IT WAS NOT PUBLICIZED.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL DOES NOT PROVIDE SCHOLARSHIPS
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2SCHOOL RECEIVES FUNDING FROM LOCAL DISTRICT
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 4d
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Line 6b
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt059498
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt150555
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt241908
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOANNA HUGHES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JACQUELINE VOGEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2JAY EITNER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt059498
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt150555
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt241908
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board was a provided a hard copy of the 990 return
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All compensation is reviewed and approved by the board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All compensation is reviewed and approved by the board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board reviews the statements and selects auditors on a yearly basis
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Utilities 48186. 0. 48186. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Repairs & Maintenance 40967. 0. 40967. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Equipment Rental 30690. 0. 30690. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Small Equipment/Furniture 58916. 30916. 28000. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Student Activities 6937. 6937. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Property Taxes 83673. 0. 83673. 0.

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