Civic Intelligence

Clark Preparatory Academy

990 • Fiscal year 2019 • EIN 47-3936176

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 29, 2020

Organization Profile
501 S Wittenburg AveSpringfield, OH 45506

(937) 504-1175

Siviq Scores

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

Liabilities / Assets

96th percentile

1.44x

Higher debt load relative to assets than 96% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

89th percentile

1.41x

Higher debt load relative to revenue than 89% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

17th percentile

-14%

Higher net margin than 17% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$875

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

7th percentile

-18%

Faster asset growth than 7% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

6th percentile

-45%

Faster revenue growth than 6% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$1,124,299

Down $240,624 (-18%) from 2018

Net Assets

Down

-$496,209

Down $158,363 (-47%) from 2018

Liabilities

Down

$1,620,508

Down $82,261 (-4.8%) from 2018

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin17th percentile

Revenue

Down

$1,146,382

Down $941,126 (-45%) from 2018

Expenses

Down

$1,304,745

Down $79,493 (-5.7%) from 2018

Net Income

Down

-$158,363

Down $861,633 (-123%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2016: $296,518Liabilities 2016: $447,687Net Assets 2016: -$151,1692016Assets 2017: $1,303,390Liabilities 2017: $2,118,421Net Assets 2017: -$815,0312017Assets 2018: $1,364,923Liabilities 2018: $1,702,769Net Assets 2018: -$337,8462018Assets 2019: $1,124,299Liabilities 2019: $1,620,508Net Assets 2019: -$496,2092019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2019

Assets$1,124,299
Liabilities$1,620,508
Net Assets-$496,209
Open 2019 Filing

Operations Trend

Revenue Growth6th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $1,280,612Expenses 2016: $1,431,781Net Income 2016: -$151,1692016Revenue 2017: $1,243,313Expenses 2017: $1,907,175Net Income 2017: -$663,8622017Revenue 2018: $2,087,508Expenses 2018: $1,384,238Net Income 2018: $703,2702018Revenue 2019: $1,146,382Expenses 2019: $1,304,745Net Income 2019: -$158,3632019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020

Highlighted filing

2019

Revenue$1,146,382
Expenses$1,304,745
Net Income-$158,363
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 29, 2020
Return Version
2018v3.0
Gross Receipts
$1,146,382
Mission and Program Overview

Mission

To achieve the mission, we will integrate current learning technologies into the classroom, offer authentic learning experiences that are respectful of how children learn best, and offer a schedule and support activities that enable each student to achieve to his or her potential. We want our students to move forward in life with the skills and abilities necessary to achieve academic excellence, personal growth, and success as lifelong learners. This mission requires the support of the faculty, staff, families, and community in order to encourage and empower students to be responsible and valued citizens

Clark Preparatory Academy is dedicated to improving the lives of its students by providing authentic learning experiences in a collaborative, nurturing environment that will build a foundation for students' success in school, at future work, and in life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$63,831$84,222▲ $20,391
Land, Buildings, and Equipment, Net$42,295$0▼ $42,295
Pledges and Grants Receivable$13,449$16,157▲ $2,708
Accounts Receivable$2,537$95▼ $2,442
Total Assets$1,364,923$1,124,299▼ $240,624
Other Assets Total$1,242,811$1,023,825▼ $218,986
Liabilities
Other Liabilities$1,437,571$1,357,394▼ $80,177
Accounts Payable and Accrued Expenses$242,211$263,114▲ $20,903
Unsecured Notes Loans Payable$22,987--
Total Liabilities$1,702,769$1,620,508▼ $82,261
Net Assets / Fund Balance
Permanently Rstr Net Assets$19,308$0▼ $19,308
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-357,154$-496,209▼ $139,055
Total Net Assets Fund Balance$-337,846$-496,209▼ $158,363
Total Liabilities and Net Assets / Fund Balance$1,364,923$1,124,299▼ $240,624

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$24,125--
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleBaseTotal
Rodney HaleBoard President$875$875
Fred ShuemakeBoard Member$875$875
Nicole BarnesBoard Member$875$875
Robert McIntoshBoard Member$875$875
Dana CalhounBoard Member$750$750
Amy ClayBoard Member$125$125

Highest Paid Contractors

ContractorServicesLocationCompensation
Oakmont EducationManagement Services481 N Cleveland Massillon Rd, Akron, OH 44333$565,314
Revenue and Support

Revenue Composition

Contributions and Grants
$1,146,382
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,146,382
Change in Net Assets
$-158,363

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,146,382
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$1,146,382
Total Revenue per Form 990
$1,146,382
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$771,928
Other Expenses$532,817
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$532,210--$532,210
Other Employee Benefits$239,718--$239,718
Other Expenses$120,307$0$0$120,307
Occupancy$87,004--$87,004
Fees for Services Other$77,321--$77,321
Fees for Services Management$49,918--$49,918
Fees for Services Legal-$41,565-$41,565
Fees for Services Accounting$35,836--$35,836
Depreciation Depletion$29,834--$29,834
Office Expenses$17,970--$17,970
All Other Expenses$1,864--$1,864
Interest$747--$747
Total Functional Expenses$1,237,086$67,659$0$1,304,745

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,304,745
Total Expenses per Audited Statements$1,304,745
Total Expenses per Form 990$1,304,745
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$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$1,090,780
Deferred Inflows of Resources$201,477
Net OPEB Liability$65,137
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The school contracted with a management company, Cambridge Education Group, to provide certain operational functions and management services.”

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

“The Board elects or removes members as needed with approval from the school sponsor.”

Form 990, Part VI, Section B, Line 11B

“The Form 990 is prepared and reviewed by the fiscal officer. After the review of the Form 990, it is provided to the Board of Directors' legal counsel for review. Once completed, it is then provided to the Board President for review and the Treasurer for signature and filing.”

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

“The Board of Directors, in conjunction with their legal counsel consistently review compliance with federal and state regulations. In addition, the school is continuously monitored by its sponsor to ensure compliance with laws and regulations.”

Form 990, Part VI, Section C, Line 19

“The schools governing documents, conflict of interest policy and financial statements are maintained by its legal counsel and fiscal officer and may be provided upon request.”

Filing and Contact Details

Filer

Filer Name
Clark Preparatory Academy
EIN
47-3936176
Phone
9375041175
Address
501 S Wittenburg Ave, Springfield, OH 45506

Signing Officer

Name
David Massa
Title
Treasurer
Phone
3305150572
Signed
2020-01-29

Organization Details

Principal Officer
Rodney Hale
Formed
2015
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Deferred Inflows of Resources
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01146382
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01023825
IRS990ScheduleD/TotalExpensesPerForm990Amt01304745
IRS990ScheduleD/TotalLiabilityAmt01357394
IRS990ScheduleD/TotalRevenuePerForm990Amt01146382
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01146382
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01304745
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The school provides a parent student handbook that describes their policies regarding discrimination as well as literature that is sent to the public includes a statement about such policies.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The school is a community school in Ohio and does not provide scholarships or financial assistance as a free public school.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 4
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The school contracted with a management company, Cambridge Education Group, to provide certain operational functions and management services.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board elects or removes members as needed with approval from the school sponsor.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Form 990 is prepared and reviewed by the fiscal officer. After the review of the Form 990, it is provided to the Board of Directors' legal counsel for review. Once completed, it is then provided to the Board President for review and the Treasurer for signature and filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board of Directors, in conjunction with their legal counsel consistently review compliance with federal and state regulations. In addition, the school is continuously monitored by its sponsor to ensure compliance with laws and regulations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The schools governing documents, conflict of interest policy and financial statements are maintained by its legal counsel and fiscal officer and may be provided upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
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 B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01364923
IRS990/TotalAssetsEOYAmt01124299
IRS990/TotalAssetsGrp/BOYAmt01364923
IRS990/TotalAssetsGrp/EOYAmt01124299
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01146382
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt067659
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01237086
IRS990/TotalFunctionalExpensesGrp/TotalAmt01304745
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01702769
IRS990/TotalLiabilitiesEOYAmt01620508
IRS990/TotalLiabilitiesGrp/BOYAmt01702769
IRS990/TotalLiabilitiesGrp/EOYAmt01620508
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-337846
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-496209
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt01237086
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt04375
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01146382
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01364923
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01124299
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-357154
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-496209
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt022987
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0501 S Wittenburg Road
IRS990/USAddress/CityNm0Springfield
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd045506
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd01
ReasonableCauseExplanation/ExplanationTxt0The school waited for final audited financial statements prior to filing the Form 990.
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/PersonNm0David Massa
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum03305150572
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-01-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CLARK PREPARATORY ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0CLAR
ReturnHeader/Filer/EIN0473936176
ReturnHeader/Filer/PhoneNum09375041175
ReturnHeader/Filer/USAddress/AddressLine1Txt0501 S Wittenburg Ave
ReturnHeader/Filer/USAddress/CityNm0Springfield
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,124,299
Liabilities
$1,620,508
Net assets
-$496,209
Revenue
$1,146,382
Expenses
$1,304,745
Net income
-$158,363
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2019Detailed filing. Detailed filing data is available for this year.$1.12$1.62$0.50$1.15$1.30$0.16
2018Detailed filing. Detailed filing data is available for this year.$1.36$1.70$0.34$2.09$1.38$0.70
2017Detailed filing. Detailed filing data is available for this year.$1.30$2.12$0.82$1.24$1.91$0.66
2016Summary only. Only limited summary data is available for this year.$0.30$0.45$0.15$1.28$1.43$0.15