Civic Intelligence

Beacon Academy Charter School

990 • Fiscal year 2022 • EIN 47-5428946

Jul 01, 2021 to Jun 30, 2022 • Filed on May 01, 2023

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

95th percentile

1.07x

Higher debt load relative to assets than 95% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

86th percentile

0.85x

Higher debt load relative to revenue than 86% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

51st percentile

7.2%

Higher net margin than 51% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$750

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

89th percentile

52%

Faster asset growth than 89% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

75th percentile

33%

Faster revenue growth than 75% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$2,987,893

Up $1,023,381 (+52%) from 2021

Net Assets

Up

-$197,138

Up $268,091 (+58%) from 2021

Liabilities

Up

$3,185,031

Up $755,290 (+31%) from 2021

Revenue

Up

$3,739,775

Up $920,033 (+33%) from 2021

Expenses

Up

$3,471,684

Up $434,418 (+14%) from 2021

Net Income

Up

$268,091

Up $485,615 (+223%) from 2021

Historical Trend

Balance Sheet Trend

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

2022

Assets$2,987,893
Liabilities$3,185,031
Net Assets-$197,138

Operations Trend

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

2022

Revenue$3,739,775
Expenses$3,471,684
Net Income$268,091
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 1, 2023
Return Version
2021v4.2
Gross Receipts
$3,739,775
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$1,116,657$1,092,238▼ $24,419
Cash and Non-Interest-Bearing Accounts$541,379$964,084▲ $422,705
Land, Buildings, and Equipment, Net$21,932$576,741▲ $554,809
Pledges and Grants Receivable$175,895$203,256▲ $27,361
Total Assets$1,964,512$2,987,893▲ $1,023,381
Other Assets Total$108,649$151,574▲ $42,925
Liabilities
Other Liabilities$2,032,969$1,659,629▼ $373,340
Deferred Revenue$221,845$1,223,012▲ $1,001,167
Accounts Payable and Accrued Expenses$174,927$302,390▲ $127,463
Total Liabilities$2,429,741$3,185,031▲ $755,290
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-465,229$-197,138▲ $268,091
Total Net Assets Fund Balance$-465,229$-197,138▲ $268,091
Total Liabilities and Net Assets / Fund Balance$1,964,512$2,987,893▲ $1,023,381

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$357,164$89,291$446,455
Leasehold Improvements$174,336$34,867$209,203
Equipment$45,241$11,310$56,551
Other Assets Org$151,574--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Randolph WaltersPresident$750$750
Warren GordonDirector$625$625

Board Members and Trustees

NameTitle
Dana GammillDirector
John MaarschalkDirector
Jeffrey a Foster CPAFiscal Officer
Stephanie AtayaFiscal Officer
Mark CurryTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Educational Empowerment Group LLCEducational Management526 S MAIN ST SUITE 509, Akron, OH 44311$1,756,883
Revenue and Support

Revenue Composition

Contributions and Grants
$3,723,513
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$16,262
Change in Net Assets
$268,091

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,739,775
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,739,775
Total Revenue per Form 990
$3,739,775
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,903,255
Salaries, Compensation, and Employee Benefits$568,429
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$2,280,209--$2,280,209
Other Salaries and Wages$566,179--$566,179
Depreciation Depletion-$135,468-$135,468
Occupancy$100,979--$100,979
Other Expenses-$54,367-$54,367
Fees for Services Legal$20,251--$20,251
Interest-$16,479-$16,479
Current Officers, Directors, Trustees, and Key Employees-$2,250-$2,250
Total Functional Expenses$2,967,618$504,066$0$3,471,684

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,471,684
Total Expenses per Audited Statements$3,471,684
Total Expenses per Form 990$3,471,684
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$1,351,687
Long-term Portion of Lease Payable$307,942
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 A, Line 8B

There are no committees that may act on behalf of the full board of directors.

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
Stephanie Ataya
Title
Fiscal Officer
Phone
3303595600
Signed
2023-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephanie Ataya
Formed
2016
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
3

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.

Raw XML Appendix387 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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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0151574
IRS990ScheduleD/TotalExpensesPerForm990Amt03471684
IRS990ScheduleD/TotalLiabilityAmt01659629
IRS990ScheduleD/TotalRevenuePerForm990Amt03739775
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03739775
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03471684
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
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/ExplanationTxt1THERE ARE NO COMMITTEES THAT MAY ACT ON BEHALF OF THE FULL BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE COMPLETED FORM 990 IS SENT TO THE BOARD PRESIDENT AND SCHOOL TREASURER TO BE REVIEWED AND SIGNED BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING AUTHORITY REVIEWS THE CONFLICT OF INTEREST POLICY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON 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/ExplanationTxt5THE 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 A, LINE 8B
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt02987893
IRS990/TotalAssetsGrp/BOYAmt01964512
IRS990/TotalAssetsGrp/EOYAmt02987893
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03723513
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02967618
IRS990/TotalFunctionalExpensesGrp/TotalAmt03471684
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02429741
IRS990/TotalLiabilitiesEOYAmt03185031
IRS990/TotalLiabilitiesGrp/BOYAmt02429741
IRS990/TotalLiabilitiesGrp/EOYAmt03185031
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-465229
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-197138
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02967618
IRS990/TotalReportableCompFromOrgAmt01375
IRS990/TotalRevenueGrp/ExclusionAmt016262
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03739775
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01964512
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02987893
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHANIE ATAYA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FISCAL OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum03303595600
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BEACON ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0BEAC
ReturnHeader/Filer/EIN0475428946
ReturnHeader/Filer/PhoneNum03303595600
ReturnHeader/Filer/USAddress/AddressLine1Txt01379 GARFIELD AVE SW
ReturnHeader/Filer/USAddress/CityNm0CANTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044707
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/ReturnTs02023-05-10T13:26:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEPHANIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ATAYA
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

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