Civic Intelligence

Beacon Academy Charter School

990 • Fiscal year 2018 • EIN 47-5428946

Jul 01, 2017 to Jun 30, 2018 • Filed on May 05, 2019

Organization ProfileBEACONACADEMY.ORG
1379 Garfield Ave SWCanton, OH 44707

(330) 359-5600

Siviq Scores

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

Liabilities / Assets

90th percentile

0.90x

Higher debt load relative to assets than 90% of similar nonprofits.

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

Liabilities / Revenue

85th percentile

0.97x

Higher debt load relative to revenue than 85% of similar nonprofits.

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

Net Margin

72nd percentile

14%

Higher net margin than 72% of similar nonprofits.

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

Top Officer Pay

35th percentile

$750

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Balance Sheet
Liabilities / Assets90th percentile

Assets

$1,943,127

No earlier filing loaded for comparison.

Net Assets

$191,329

No earlier filing loaded for comparison.

Liabilities

$1,751,798

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin72nd percentile

Revenue

$1,805,440

No earlier filing loaded for comparison.

Expenses

$1,551,790

No earlier filing loaded for comparison.

Net Income

$253,650

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$4.0M$2.0M$0-$2.0MAssets 2018: $1,943,127Liabilities 2018: $1,751,798Net Assets 2018: $191,3292018Assets 2019: $1,745,079Liabilities 2019: $1,800,649Net Assets 2019: -$55,5702019Assets 2020: $1,816,937Liabilities 2020: $2,064,642Net Assets 2020: -$247,7052020Assets 2021: $1,964,512Liabilities 2021: $2,429,741Net Assets 2021: -$465,2292021Assets 2022: $2,987,893Liabilities 2022: $3,185,031Net Assets 2022: -$197,1382022Assets 2023: $3,512,027Liabilities 2023: $3,310,034Net Assets 2023: $201,9932023Assets 2024: $3,630,576Liabilities 2024: $3,570,158Net Assets 2024: $60,4182024

Highlighted filing

2018

Assets$1,943,127
Liabilities$1,751,798
Net Assets$191,329
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2018: $1,805,440Expenses 2018: $1,551,790Net Income 2018: $253,6502018Revenue 2019: $1,963,441Expenses 2019: $2,210,340Net Income 2019: -$246,8992019Revenue 2020: $2,513,015Expenses 2020: $2,705,150Net Income 2020: -$192,1352020Revenue 2021: $2,819,742Expenses 2021: $3,037,266Net Income 2021: -$217,5242021Revenue 2022: $3,739,775Expenses 2022: $3,471,684Net Income 2022: $268,0912022Revenue 2023: $4,158,372Expenses 2023: $3,759,241Net Income 2023: $399,1312023Revenue 2024: $3,928,770Expenses 2024: $4,070,345Net Income 2024: -$141,5752024

Highlighted filing

2018

Revenue$1,805,440
Expenses$1,551,790
Net Income$253,650
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 5, 2019
Return Version
2017v2.3
Gross Receipts
$1,805,440
Mission and Program Overview

Mission

It is our mission to provide an effective, consistent and academically rigorous education in a safe, disciplined and nurturing environment. We will empower students to reach their fullest potential by implementing a comprehensive curriculum facilitated by highly effective educators in collaboration with families and the community and supported by progressive technology.

Provide a high quality alternative education opportunity for children ages 5-14, grades k-8

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$79,630$1,806,528▲ $1,726,898
Pledges and Grants Receivable$80,772$85,947▲ $5,175
Cash and Non-Interest-Bearing Accounts$7,404$48,407▲ $41,003
Accounts Receivable-$2,245-
Total Assets$167,806$1,943,127▲ $1,775,321
Liabilities
Other Liabilities$0$1,456,152▲ $1,456,152
Accounts Payable and Accrued Expenses$231,686$223,585▼ $8,101
Deferred Revenue-$72,061-
Total Liabilities$231,686$1,751,798▲ $1,520,112
Net Assets / Fund Balance
Unrestricted Net Assets$-63,880$191,329▲ $255,209
Total Net Assets Fund Balance$-63,880$191,329▲ $255,209
Total Liabilities and Net Assets / Fund Balance$167,806$1,943,127▲ $1,775,321
Compensation and Service Providers
Top Officer Pay35th percentile

Employees

NameTitleBaseTotal
James GrantDirector$750$750

Board Members and Trustees

NameTitle
Gregory TaylorPresident
Davison MupingaVice President
Jeffrey a Foster CPAFiscal Officer
Earle HarrisSecretary
Mark CurryTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Educational Empowerment Group LLCEducational Management526 S MAIN ST SUITE 509, Akron, OH 44311$1,480,894
Frederick's Wine And DineFood Services22005 EMERY ROAD, Warrensville Heights, OH 44128$102,817
Revenue and Support

Revenue Composition

Contributions and Grants
$1,803,108
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$2,332
Change in Net Assets
$253,650

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,805,440
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,805,440
Total Revenue per Form 990
$1,805,440
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,549,040
Salaries, Compensation, and Employee Benefits$2,750
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$1,480,894--$1,480,894
Office Expenses-$68,146-$68,146
Current Officers, Directors, Trustees, and Key Employees-$2,750-$2,750
Total Functional Expenses$1,480,894$70,896$0$1,551,790

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,551,790
Total Expenses per Audited Statements$1,551,790
Total Expenses per Form 990$1,551,790
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$1,456,152
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

“Eeg, llc is responsible and accountable to the school's board of directors for the administration and operation of the school. The school is required to pay eeg, llc a monthly continuing fee of 16 percent of the school's "qualified gross revenues", defined in the agreement as, all revenues and income received by the school except for charitable contributions. The continuing fee is paid to eeg, llc based on the qualified gross revenues.”

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

“A copy of the completed form 990 is sent to the board president and school treasurer to be reviewed and signed before filing.”

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

“The governing authority reviews the conflict of interest policy annually.”

Form 990, Part VI, Section C, Line 19

“Upon written or verbal request, documents are made available to the public. However, for the end of the year unaudited financials, a public notice is placed in the local papers stating that the unaudited financials are available for review.”

Filing and Contact Details

Filer

Filer Name
Beacon Academy
EIN
47-5428946
Phone
3303595600
Address
1379 GARFIELD AVE SW, CANTON, OH 44707

Signing Officer

Name
Jeffrey a Foster CPA
Title
Fiscal Officer
Phone
3303595600
Signed
2019-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory Taylor
Formed
2016
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
4

Preparer

Firm
Skoda Minotti & Co
Address
3320 WEST MARKET STREET STE 300, FAIRLAWN, OH 44333
Preparer
Jeffrey a Foster CPA
Phone
3306681100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization does have a committee that assumes oversight responsibility of the audit, review of its financial statements, and selection of an independent accountant. This is the policy put in place since inception.”

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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/MissionDesc0"IT IS OUR MISSION TO PROVIDE AN EFFECTIVE, CONSISTENT AND ACADEMICALLY RIGOROUS EDUCATION IN A SAFE, DISCIPLINED AND NURTURING ENVIRONMENT. WE WILL EMPOWER STUDENTS TO REACH THEIR FULLEST POTENTIAL BY IMPLEMENTING A COMPREHENSIVE CURRICULUM FACILITATED BY HIGHLY EFFECTIVE EDUCATORS IN COLLABORATION WITH FAMILIES AND THE COMMUNITY AND SUPPORTED BY PROGRESSIVE TECHNOLOGY."
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0A STATEMENT READING "ALL EDUCATIONAL PROGRAMS ARE AVAILABLE WITHOUT REGARD TO RACE, COLOR, NATIONAL ORIGIN, SEX OR DISABILITY" IS ALWAYS INCLUDED. THIS STATEMENT IS PUBLISHED IN THE PARENT/STUDENT HANDBOOK, BOARD POLICY BOOK AND ON THE WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT PROVIDE SCHOLARSHIPS OR FINANCIAL ASSISTANCE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL CURRENTLY PARTICIPATES IN THE STATE FOUNDATION PROGRAM. REVENUES RECEIVED FROM THIS PROGRAM ARE RECOGNIZED AS OPERATING REVENUES IN THE ACCOUNTING PERIOD IN WHICH ALL ELIGIBILITY REQUIREMENTS HAVE BEEN MET. THE SCHOOL ALSO PARTICIPATES IN THE FEDERAL CHARTER SCHOOL GRANT PROGRAM THROUGH THE OHIO DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
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IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EEG, LLC IS RESPONSIBLE AND ACCOUNTABLE TO THE SCHOOL'S BOARD OF DIRECTORS FOR THE ADMINISTRATION AND OPERATION OF THE SCHOOL. THE SCHOOL IS REQUIRED TO PAY EEG, LLC A MONTHLY CONTINUING FEE OF 16 PERCENT OF THE SCHOOL'S "QUALIFIED GROSS REVENUES", DEFINED IN THE AGREEMENT AS, ALL REVENUES AND INCOME RECEIVED BY THE SCHOOL EXCEPT FOR CHARITABLE CONTRIBUTIONS. THE CONTINUING FEE IS PAID TO EEG, LLC BASED ON THE QUALIFIED GROSS REVENUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE COMPLETED FORM 990 IS SENT TO THE BOARD PRESIDENT AND SCHOOL TREASURER TO BE REVIEWED AND SIGNED BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING AUTHORITY REVIEWS THE CONFLICT OF INTEREST POLICY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON WRITTEN OR VERBAL REQUEST, DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC. HOWEVER, FOR THE END OF THE YEAR UNAUDITED FINANCIALS, A PUBLIC NOTICE IS PLACED IN THE LOCAL PAPERS STATING THAT THE UNAUDITED FINANCIALS ARE AVAILABLE FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DOES HAVE A COMMITTEE THAT ASSUMES OVERSIGHT RESPONSIBILITY OF THE AUDIT, REVIEW OF ITS FINANCIAL STATEMENTS, AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS IS THE POLICY PUT IN PLACE SINCE INCEPTION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
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IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/VotingMembersGoverningBodyCnt05
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IRS990/WebsiteAddressTxt0BEACONACADEMY.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY A FOSTER CPA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FISCAL OFFICER
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ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BEACON ACADEMY
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ReturnHeader/FilingSecurityInformation/IPDt02019-05-05
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0341945206
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SKODA MINOTTI & CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03320 WEST MARKET STREET STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FAIRLAWN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
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ReturnHeader/PreparerPersonGrp/PhoneNum03306681100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY A FOSTER CPA
ReturnHeader/ReturnTs02019-05-14T14:03:53-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,943,127
Liabilities
$1,751,798
Net assets
$191,329
Revenue
$1,805,440
Expenses
$1,551,790
Net income
$253,650
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.63$3.57$0.06$3.93$4.07$0.14
2023Detailed filing. Detailed filing data is available for this year.$3.51$3.31$0.20$4.16$3.76$0.40
2022Detailed filing. Detailed filing data is available for this year.$2.99$3.19$0.20$3.74$3.47$0.27
2021Detailed filing. Detailed filing data is available for this year.$1.96$2.43$0.47$2.82$3.04$0.22
2020Detailed filing. Detailed filing data is available for this year.$1.82$2.06$0.25$2.51$2.71$0.19
2019Detailed filing. Detailed filing data is available for this year.$1.75$1.80$0.06$1.96$2.21$0.25
2018Detailed filing. Detailed filing data is available for this year.$1.94$1.75$0.19$1.81$1.55$0.25