Civic Intelligence

Thomas a Edison Charter School of Wilmington Inc.

990 • Fiscal year 2017 • EIN 51-0385969

Jul 01, 2016 to Jun 30, 2017 • Filed on Mar 15, 2018

Organization ProfileN/A
2200 North Locust StreetWilmington, DE 19802

(302) 778-1101

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.19x

Higher debt load relative to assets than 53% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

86th percentile

1.63x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

89th percentile

44%

Higher net margin than 89% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

35th percentile

0.0%

Faster asset growth than 35% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

49th percentile

4.4%

Faster revenue growth than 49% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$5,220,301

Up $1,910 (+0.0%) from 2016

Net Assets

Up

$4,246,346

Up $265,954 (+6.7%) from 2016

Liabilities

Down

$973,955

Down $264,044 (-21%) from 2016

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin89th percentile

Revenue

Up

$598,397

Up $25,348 (+4.4%) from 2016

Expenses

Down

$332,443

Down $14,208 (-4.1%) from 2016

Net Income

Up

$265,954

Up $39,556 (+17%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $5,665,087Liabilities 2010: $2,151,237Net Assets 2010: $3,513,8502010Assets 2011: $5,467,237Liabilities 2011: $2,004,457Net Assets 2011: $3,462,7802011Assets 2012: $5,274,575Liabilities 2012: $1,851,956Net Assets 2012: $3,422,6192012Assets 2013: $5,107,104Liabilities 2013: $1,707,873Net Assets 2013: $3,399,2312013Assets 2014: $5,072,340Liabilities 2014: $1,542,161Net Assets 2014: $3,530,1792014Assets 2015: $5,092,309Liabilities 2015: $1,338,315Net Assets 2015: $3,753,9942015Assets 2016: $5,218,391Liabilities 2016: $1,237,999Net Assets 2016: $3,980,3922016Assets 2017: $5,220,301Liabilities 2017: $973,955Net Assets 2017: $4,246,3462017Assets 2018: $5,201,288Liabilities 2018: $708,576Net Assets 2018: $4,492,7122018Assets 2019: $5,073,037Liabilities 2019: $429,294Net Assets 2019: $4,643,7432019Assets 2020: $4,806,156Liabilities 2020: $189,505Net Assets 2020: $4,616,6512020Assets 2021: $4,703,071Liabilities 2021: $50,040Net Assets 2021: $4,653,0312021Assets 2022: $4,549,107Liabilities 2022: $82,313Net Assets 2022: $4,466,7942022Assets 2023: $4,288,088Liabilities 2023: $103,758Net Assets 2023: $4,184,3302023Assets 2024: $4,074,498Liabilities 2024: $126,660Net Assets 2024: $3,947,8382024Assets 2025: $3,876,970Liabilities 2025: $156,642Net Assets 2025: $3,720,3282025

Highlighted filing

2017

Assets$5,220,301
Liabilities$973,955
Net Assets$4,246,346
Open 2017 Filing

Operations Trend

Revenue Growth49th percentile

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

$1.0M$500K$0-$500KExpenses 2010: $388,8132010Expenses 2011: $371,3442011Expenses 2012: $354,5452012Revenue 2013: $318,584Expenses 2013: $341,972Net Income 2013: -$23,3882013Revenue 2014: $478,236Expenses 2014: $347,288Net Income 2014: $130,9482014Revenue 2015: $576,636Expenses 2015: $352,821Net Income 2015: $223,8152015Revenue 2016: $573,049Expenses 2016: $346,651Net Income 2016: $226,3982016Revenue 2017: $598,397Expenses 2017: $332,443Net Income 2017: $265,9542017Revenue 2018: $593,210Expenses 2018: $346,844Net Income 2018: $246,3662018Revenue 2019: $468,651Expenses 2019: $317,620Net Income 2019: $151,0312019Revenue 2020: $293,663Expenses 2020: $320,755Net Income 2020: -$27,0922020Revenue 2021: $348,362Expenses 2021: $311,982Net Income 2021: $36,3802021Revenue 2022: $298,168Expenses 2022: $484,405Net Income 2022: -$186,2372022Revenue 2023: $293,736Expenses 2023: $576,200Net Income 2023: -$282,4642023Revenue 2024: $120,965Expenses 2024: $357,457Net Income 2024: -$236,4922024Revenue 2025: $88,100Expenses 2025: $315,610Net Income 2025: -$227,5102025

Highlighted filing

2017

Revenue$598,397
Expenses$332,443
Net Income$265,954
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Mar 15, 2018
Return Version
2016v3.1
Gross Receipts
$598,397
Mission and Program Overview

Mission

Formation and operation of a charter school aimed at improving learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,730,580$4,520,196▼ $210,384
Cash and Non-Interest-Bearing Accounts$435,609$639,244▲ $203,635
Savings and Temporary Cash Investments$21,325$21,389▲ $64
Accounts Receivable$6,411$20,977▲ $14,566
Intangible Assets$23,906$18,495▼ $5,411
Prepaid Expenses and Deferred Charges$560--
Total Assets$5,218,391$5,220,301▲ $1,910
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,133,906$918,407▼ $215,499
Accounts Payable and Accrued Expenses$84,899$40,059▼ $44,840
Other Liabilities$19,194$15,489▼ $3,705
Total Liabilities$1,237,999$973,955▼ $264,044
Net Assets / Fund Balance
Unrestricted Net Assets$3,980,392$4,246,346▲ $265,954
Total Net Assets Fund Balance$3,980,392$4,246,346▲ $265,954
Total Liabilities and Net Assets / Fund Balance$5,218,391$5,220,301▲ $1,910

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$4,520,196$3,277,659$7,797,855
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Mikkel ChristinePresident
Gwendel RobinsonBoard Member
Halvin BlocksomBoard Member
Jerry VelazquezBoard Member
Nicole HufnerBoard Member
Rev Aaron MooreBoard Member
Ronald PinkettBoard Member
Patricia WinderCFO
Valarie WatersParent Membe
Emile BrownSecretary
Joseph TillTeacher Memb
Wayne CooperTreasurer
Vera ToliverVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$5,411
Program Service Revenue
$0
Investment Income
$64
Other Revenue
$592,922
All Other Contributions
$5,411
Change in Net Assets
$265,954

Audited Revenue Reconciliation

Revenue per Audited Statements
$598,397
Total Revenue per Audited Statements
$598,397
Total Revenue per Form 990
$598,397
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$328,660
Grants and Similar Amounts Paid$3,783
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$214,255--$214,255
Interest$77,422--$77,422
Occupancy$20,000--$20,000
Conferences and Meetings-$8,778-$8,778
Fees for Services Accounting-$5,854-$5,854
Grants to Domestic Orgs$3,783--$3,783
Office Expenses-$2,127-$2,127
Other Expenses-$224-$224
Total Functional Expenses$315,460$16,983$0$332,443

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$332,443
Total Expenses per Audited Statements$332,443
Total Expenses per Form 990$332,443
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
Due to Thomas a Edison School$15,489
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The board treasurer is provided with a draft copy of federal form 990 for review and approval prior to filing with the irs.”

Form 990, Page 6, Part VI, Line 12C

“The appropriate governing board or committee monitors and enforces the conflict of interest policy, as well as deciding whether a conflit of interest exists.”

Form 990, Page 6, Part VI, Line 19

“Information is provided to the public through a third party websites and is also available upon request.”

Filing and Contact Details

Filer

Filer Name
Thomas a Edison Charter School of
EIN
51-0385969
Phone
3027781101
Address
2200 NORTH LOCUST STREET, WILMINGTON, DE 19802

Signing Officer

Name
Wayne Cooper
Title
Treasurer
Phone
3027781101
Signed
2018-03-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wayne Cooper
Formed
1997
Legal Domicile
De
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
11

Preparer

Firm
Whisman Giordano & Associates LLC
Address
111 CONTINENTAL DR STE 210, NEWARK, DE 19713-4330
Preparer
Vincent S Barbone CPA Cfe
Phone
3022660202
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization is exempt from federal income tax under section 501(c)(3) of the internal revenue service irs code. However, income from certain activities not directly related to its tax-exempt purpose is subject to taxation as unrelated business income. In addition, the organization qualifies for the charitable contribution deduction under irs section 170 (b)(1)(a) and has been classified as an organization that is not a private foundation. The financial accounting standards board on statements pertaining to the accounting for uncertainty in income taxes recognized in the financial statements prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken on the federal tax return. The tax returns of the organization for the three prior fiscal years are subject to examination by the irs, generally for three years after the returns are filed. The tax positions taken by management are based on clear and unambiguous tax law; and management has a high level of confidence in the technical merits of the positions taken.”

Raw XML Appendix398 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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IRS990/ReportOtherLiabilitiesInd0true
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IRS990/RevenueAmt0592922
IRS990/SavingsAndTempCashInvstGrp/BOYAmt021325
IRS990/SavingsAndTempCashInvstGrp/EOYAmt021389
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt03783
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IRS990ScheduleA/SupportingOrgType1Ind0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03277659
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt07797855
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015489
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO THOMAS A EDISON SCHOOL
IRS990ScheduleD/RevenueSubtotalAmt0598397
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE SERVICE IRS CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO ITS TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER IRS SECTION 170 (B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. THE FINANCIAL ACCOUNTING STANDARDS BOARD ON STATEMENTS PERTAINING TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE FINANCIAL STATEMENTS PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON THE FEDERAL TAX RETURN. THE TAX RETURNS OF THE ORGANIZATION FOR THE THREE PRIOR FISCAL YEARS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THE RETURNS ARE FILED. THE TAX POSITIONS TAKEN BY MANAGEMENT ARE BASED ON CLEAR AND UNAMBIGUOUS TAX LAW; AND MANAGEMENT HAS A HIGH LEVEL OF CONFIDENCE IN THE TECHNICAL MERITS OF THE POSITIONS TAKEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04520196
IRS990ScheduleD/TotalExpensesPerForm990Amt0332443
IRS990ScheduleD/TotalLiabilityAmt015489
IRS990ScheduleD/TotalRevenuePerForm990Amt0598397
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0598397
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0332443
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD TREASURER IS PROVIDED WITH A DRAFT COPY OF FEDERAL FORM 990 FOR REVIEW AND APPROVAL PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE APPROPRIATE GOVERNING BOARD OR COMMITTEE MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY, AS WELL AS DECIDING WHETHER A CONFLIT OF INTEREST EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INFORMATION IS PROVIDED TO THE PUBLIC THROUGH A THIRD PARTY WEBSITES AND IS ALSO AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt05411
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt016983
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0315460
IRS990/TotalFunctionalExpensesGrp/TotalAmt0332443
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01237999
IRS990/TotalLiabilitiesEOYAmt0973955
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IRS990/TotalLiabilitiesGrp/EOYAmt0973955
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IRS990/TotalProgramServiceExpensesAmt0315460
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0592922
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0598397
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05218391
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03980392
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02200 NORTH LOCUST STREET
IRS990/USAddress/CityNm0WILMINGTON
IRS990/USAddress/StateAbbreviationCd0DE
IRS990/USAddress/ZIPCd019802
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WAYNE COOPER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03027781101
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-03-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THOMAS A EDISON CHARTER SCHOOL OF
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0WILMINGTON INC
ReturnHeader/Filer/BusinessNameControlTxt0THOM
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ReturnHeader/Filer/PhoneNum03027781101
ReturnHeader/Filer/USAddress/AddressLine1Txt02200 NORTH LOCUST STREET
ReturnHeader/Filer/USAddress/CityNm0WILMINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F4A33AECA953FA5272BAC6E55C3F01842B15A1C6
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02F205A17E17B95BB5B3D8D953ABD8BEAE4864BA7
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203934956
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WHISMAN GIORDANO & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0111 CONTINENTAL DR STE 210
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEWARK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0DE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0197134330
ReturnHeader/PreparerPersonGrp/PhoneNum03022660202
ReturnHeader/PreparerPersonGrp/PreparationDt02018-03-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0VINCENT S BARBONE CPA CFE
ReturnHeader/ReturnTs02018-03-15T19:29:18-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,220,301
Liabilities
$973,955
Net assets
$4,246,346
Revenue
$598,397
Expenses
$332,443
Net income
$265,954
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.88$0.16$3.72$0.09$0.32$0.23
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.07$0.13$3.95$0.12$0.36$0.24
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.29$0.10$4.18$0.29$0.58$0.28
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.55$0.08$4.47$0.30$0.48$0.19
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.70$0.05$4.65$0.35$0.31$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.81$0.19$4.62$0.29$0.32$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.07$0.43$4.64$0.47$0.32$0.15
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.20$0.71$4.49$0.59$0.35$0.25
2017Detailed filing. Detailed filing data is available for this year.$5.22$0.97$4.25$0.60$0.33$0.27
2016Detailed filing. Detailed filing data is available for this year.$5.22$1.24$3.98$0.57$0.35$0.23
2015Detailed filing. Detailed filing data is available for this year.$5.09$1.34$3.75$0.58$0.35$0.22
2014Detailed filing. Detailed filing data is available for this year.$5.07$1.54$3.53$0.48$0.35$0.13
2013Summary only. Only limited summary data is available for this year.$5.11$1.71$3.40$0.32$0.34$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.27$1.85$3.42$0.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.47$2.00$3.46$0.37
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.67$2.15$3.51$0.39