Civic Intelligence

Beacon Academy Charter School

990 • Fiscal year 2020 • EIN 47-5428946

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 26, 2021

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

94th percentile

1.14x

Higher debt load relative to assets than 94% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

83rd percentile

0.82x

Higher debt load relative to revenue than 83% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

25th percentile

-7.6%

Higher net margin than 25% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$750

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

45th percentile

4.1%

Faster asset growth than 45% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

80th percentile

28%

Faster revenue growth than 80% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$1,816,937

Up $71,858 (+4.1%) from 2019

Net Assets

Down

-$247,705

Down $192,135 (-346%) from 2019

Liabilities

Up

$2,064,642

Up $263,993 (+15%) from 2019

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin25th percentile

Revenue

Up

$2,513,015

Up $549,574 (+28%) from 2019

Expenses

Up

$2,705,150

Up $494,810 (+22%) from 2019

Net Income

Up

-$192,135

Up $54,764 (+22%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

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

2020

Assets$1,816,937
Liabilities$2,064,642
Net Assets-$247,705
Open 2020 Filing

Operations Trend

Revenue Growth80th percentile

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

2020

Revenue$2,513,015
Expenses$2,705,150
Net Income-$192,135
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 26, 2021
Return Version
2019v5.2
Gross Receipts
$2,513,015
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$1,590,459$1,336,047▼ $254,412
Cash and Non-Interest-Bearing Accounts$4,916$194,754▲ $189,838
Pledges and Grants Receivable$68,406$182,505▲ $114,099
Total Assets$1,745,079$1,816,937▲ $71,858
Other Assets Total$81,298$103,631▲ $22,333
Liabilities
Other Liabilities$1,410,640$1,682,948▲ $272,308
Deferred Revenue$213,847$230,098▲ $16,251
Accounts Payable and Accrued Expenses$176,162$151,596▼ $24,566
Total Liabilities$1,800,649$2,064,642▲ $263,993
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-55,570$-247,705▼ $192,135
Total Net Assets Fund Balance$-55,570$-247,705▼ $192,135
Total Liabilities and Net Assets / Fund Balance$1,745,079$1,816,937▲ $71,858

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$103,631--
Compensation and Service Providers
Top Officer Pay37th percentile

Employees

NameTitleBaseTotal
Randolph WaltersPresident$750$750
Dr Davison MupingaVice President$750$750
Mark CurryTreasurer$750$750
James GrantSecretary$625$625

Board Members and Trustees

NameTitle
Dana GammillDirector
Jeffrey a Foster CPAFiscal Officer

Highest Paid Contractors

ContractorServicesLocationCompensation
Educational Empowerment Group LLCEducational Management526 S MAIN ST SUITE 509, Akron, OH 44311$1,960,273
Revenue and Support

Revenue Composition

Contributions and Grants
$2,512,519
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$496
Change in Net Assets
$-192,135

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,513,015
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,513,015
Total Revenue per Form 990
$2,513,015
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,070,745
Salaries, Compensation, and Employee Benefits$634,405
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$1,960,273--$1,960,273
Pension Plan Contributions$631,405--$631,405
Office Expenses-$110,472-$110,472
Current Officers, Directors, Trustees, and Key Employees-$3,000-$3,000
Total Functional Expenses$2,591,678$113,472$0$2,705,150

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,705,150
Total Expenses per Audited Statements$2,705,150
Total Expenses per Form 990$2,705,150
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$1,682,948
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 35% controlled entity
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
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
2021-04-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randolph Walters
Formed
2016
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
1

Preparer

Firm
Marcum Llp
Address
3320 WEST MARKET STREET STE 300, FAIRLAWN, OH 44333
Preparer
Jeffrey a Foster CPA
Phone
3305648500
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
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
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/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt01816937
IRS990/TotalAssetsGrp/BOYAmt01745079
IRS990/TotalAssetsGrp/EOYAmt01816937
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02512519
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0113472
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02591678
IRS990/TotalFunctionalExpensesGrp/TotalAmt02705150
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01800649
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IRS990/TotalLiabilitiesGrp/BOYAmt01800649
IRS990/TotalLiabilitiesGrp/EOYAmt02064642
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-55570
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-247705
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02591678
IRS990/TotalReportableCompFromOrgAmt02875
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0496
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02513015
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01745079
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01816937
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01379 GARFIELD AVE SW
IRS990/USAddress/CityNm0CANTON
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044707
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0BEACONACADEMY.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY A FOSTER CPA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FISCAL OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum03303595600
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BEACON ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0BEAC
ReturnHeader/Filer/EIN0475428946
ReturnHeader/Filer/PhoneNum03303595600
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ReturnHeader/Filer/USAddress/CityNm0CANTON
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0111986323
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARCUM LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03320 WEST MARKET STREET STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FAIRLAWN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd044333
ReturnHeader/PreparerPersonGrp/PhoneNum03305648500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY A FOSTER CPA
ReturnHeader/ReturnTs02021-04-28T12:30:12-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,816,937
Liabilities
$2,064,642
Net assets
-$247,705
Revenue
$2,513,015
Expenses
$2,705,150
Net income
-$192,135
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