Civic Intelligence

The Midtown Academy Inc

990 • Fiscal year 2018 • EIN 52-2039468

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 12, 2019

1398 Mt Royal AveBaltimore, MD 21217

(410) 225-3257

Siviq Scores

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

Liabilities / Assets

74th percentile

0.34x

Higher debt load relative to assets than 74% of similar nonprofits.

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

Liabilities / Revenue

39th percentile

0.05x

Higher debt load relative to revenue than 39% of similar nonprofits.

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

Net Margin

46th percentile

1.8%

Higher net margin than 46% of similar nonprofits.

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

Top Officer Pay

70th percentile

$104,348

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

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

Asset Growth

76th percentile

13%

Faster asset growth than 76% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

39th percentile

-0.1%

Faster revenue growth than 39% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$337,424

Up $39,330 (+13%) from 2017

Net Assets

Up

$221,438

Up $40,270 (+22%) from 2017

Liabilities

Down

$115,986

Down $940 (-0.8%) from 2017

Revenue

Down

$2,197,351

Down $2,616 (-0.1%) from 2017

Expenses

Down

$2,157,081

Down $84,723 (-3.8%) from 2017

Net Income

Up

$40,270

Up $82,107 (+196%) from 2017

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $302,924Liabilities 2011: $121,331Net Assets 2011: $181,5932011Assets 2012: $264,618Liabilities 2012: $118,837Net Assets 2012: $145,7812012Assets 2013: $348,039Liabilities 2013: $112,435Net Assets 2013: $235,6042013Assets 2014: $234,944Liabilities 2014: $141,936Net Assets 2014: $93,0082014Assets 2015: $294,590Liabilities 2015: $162,667Net Assets 2015: $131,9232015Assets 2016: $336,488Liabilities 2016: $113,483Net Assets 2016: $223,0052016Assets 2017: $298,094Liabilities 2017: $116,926Net Assets 2017: $181,1682017Assets 2018: $337,424Liabilities 2018: $115,986Net Assets 2018: $221,4382018Assets 2019: $293,960Liabilities 2019: $19,473Net Assets 2019: $274,4872019Assets 2020: $302,789Liabilities 2020: $57,639Net Assets 2020: $245,1502020Assets 2021: $223,104Liabilities 2021: $11,900Net Assets 2021: $211,2042021Assets 2022: $116,852Liabilities 2022: $29,352Net Assets 2022: $87,5002022Assets 2023: $257,347Liabilities 2023: $9,168Net Assets 2023: $248,1792023Assets 2024: $755,305Liabilities 2024: $16,296Net Assets 2024: $739,0092024

Highlighted filing

2018

Assets$337,424
Liabilities$115,986
Net Assets$221,438

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,995,351Expenses 2011: $2,102,542Net Income 2011: -$107,1912011Revenue 2012: $2,133,229Expenses 2012: $2,169,041Net Income 2012: -$35,8122012Revenue 2013: $2,121,835Expenses 2013: $2,032,012Net Income 2013: $89,8232013Revenue 2014: $2,030,795Expenses 2014: $2,173,391Net Income 2014: -$142,5962014Revenue 2015: $2,186,135Expenses 2015: $2,147,220Net Income 2015: $38,9152015Revenue 2016: $2,188,785Expenses 2016: $2,097,703Net Income 2016: $91,0822016Revenue 2017: $2,199,967Expenses 2017: $2,241,804Net Income 2017: -$41,8372017Revenue 2018: $2,197,351Expenses 2018: $2,157,081Net Income 2018: $40,2702018Revenue 2019: $2,108,170Expenses 2019: $2,160,080Net Income 2019: -$51,9102019Revenue 2020: $2,243,570Expenses 2020: $2,272,907Net Income 2020: -$29,3372020Revenue 2021: $2,199,680Expenses 2021: $2,233,626Net Income 2021: -$33,9462021Revenue 2022: $2,280,502Expenses 2022: $2,404,206Net Income 2022: -$123,7042022Revenue 2023: $2,570,775Expenses 2023: $2,410,096Net Income 2023: $160,6792023Revenue 2024: $3,162,958Expenses 2024: $2,672,128Net Income 2024: $490,8302024

Highlighted filing

2018

Revenue$2,197,351
Expenses$2,157,081
Net Income$40,270
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 12, 2019
Return Version
2017v2.2
Gross Receipts
$2,210,253
Mission and Program Overview

Mission

Uniting diverse communities, igniting an enduring passion for learning, developing outstanding global citizens.

Uniting diverse communities, igniting an enduring passion for learning, and developing outstanding global citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$140,757$139,444▼ $1,313
Cash and Non-Interest-Bearing Accounts$149,661$116,250▼ $33,411
Accounts Receivable$5,117$63,990▲ $58,873
Pledges and Grants Receivable$1,000$16,000▲ $15,000
Prepaid Expenses and Deferred Charges$1,559$1,740▲ $181
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$298,094$337,424▲ $39,330
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$116,926$115,986▼ $940
Total Liabilities$116,926$115,986▼ $940
Net Assets / Fund Balance
Unrestricted Net Assets$173,804$209,244▲ $35,440
Temporarily Rstr Net Assets$7,364$12,194▲ $4,830
Total Net Assets Fund Balance$181,168$221,438▲ $40,270
Total Liabilities and Net Assets / Fund Balance$298,094$337,424▲ $39,330

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$139,444$403,402$542,846
Equipment-$82,036$82,036
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer KasselDirector--$104,348$104,348
Jennifer DevonExecutive DirectorFT$85,000-$85,000
Robert NobleTreasurer-$12,000-$12,000

Board Members and Trustees

NameTitle
Tim LewisChair
Sarah SawyerVice Chair
Ashley DayDirector
Constance LiederDirector
Finn Fox-MorrowDirector
John Guinee IIIDirector
Lorenzo BryantDirector
Majorie BrayDirector
Mary Beth HylandDirector
Michael BoothDirector
Michael NorthDirector
Monica LaVorgnaDirector
Ron HazelSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$276,178
Program Service Revenue
$1,889,751
Investment Income
$0
Other Revenue
$31,422
All Other Contributions
$61,671
Change in Net Assets
$40,270

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,197,351
Total Revenue per Audited Statements
$2,197,351
Total Revenue per Form 990
$2,197,351
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,815,618
Other Expenses$341,463
Total Fundraising Expense$76,172
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,195,209$81,615-$1,276,824
Other Employee Benefits$251,432$18,925-$270,357
Occupancy$167,547$12,611-$180,158
Current Officers, Directors, Trustees, and Key Employees$81,488$22,200$74,800$178,488
Payroll Taxes$83,303$6,646-$89,949
Fees for Services Other$33,274$13,776-$47,050
Office Expenses$43,591$2,223-$45,814
Fees for Services Accounting-$23,938-$23,938
Insurance$15,976$1,202-$17,178
Depreciation Depletion$15,171$1,142-$16,313
Other Expenses$722$1,661-$2,383
Advertising$537$40$1,372$1,949
Total Functional Expenses$1,894,462$186,447$76,172$2,157,081

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,157,081
Total Expenses per Audited Statements$2,157,081
Total Expenses per Form 990$2,157,081
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$44,324
Fundraising Direct Expenses$12,902
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Art Auction$44,324$44,324$12,902$31,422
Total Events$44,324$44,324$12,902$31,422
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Rob NobleTreasurerBookkeeping ServicesNo$12,000

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The 990 is distributed to Board members for review before it is filed.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Board discusses compensation based on the budget.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Available on site upon request.

Filing and Contact Details

Filer

Filer Name
The Midtown Academy Inc
EIN
52-2039468
Phone
4102253257
Address
1398 Mt Royal Ave, Baltimore, MD 21217

Signing Officer

Name
Robert Noble
Title
Treasurer
Signed
2019-04-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Noble
Formed
1997
Legal Domicile
Md
Voting Board Members
11
Independent Board Members
9
Employees
13

Preparer

Firm
KL Hoffman & Company PC
Address
2809 BOSTON ST, BALTIMORE, MD 21224
Preparer
Karen L Hoffman CPA
Phone
4439901005
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Internal Revenue Service has not examined (audited) any income tax returns of the School thus the previous three (3) years are subject to examination. The School has not taken any questionable tax positions with respect to unrelated business income tax or anything that would jeopardize its 501(c)(3) status.

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IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Executive Dir.
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IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
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IRS990/FundraisingGrossIncomeAmt044324
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IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0Uniting diverse communities, igniting an enduring passion for learning, developing outstanding global citizens.
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IRS990/OtherSalariesAndWagesGrp/TotalAmt01276824
IRS990/OtherWebsiteInd0X
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IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06646
IRS990/PayrollTaxesGrp/ProgramServicesAmt083303
IRS990/PayrollTaxesGrp/TotalAmt089949
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt016000
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01559
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01740
IRS990/PrincipalOfficerNm0Robert Noble
IRS990/ProfessionalFundraisingInd0false
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IRS990/PYContributionsGrantsAmt0308540
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IRS990/PYOtherExpensesAmt0315491
IRS990/PYOtherRevenueAmt038454
IRS990/PYProgramServiceRevenueAmt01852973
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IRS990/PYTotalRevenueAmt02199967
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01889751
IRS990/RoyaltiesGrp/TotalAmt00
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IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0403402
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0542846
IRS990ScheduleD/RevenueSubtotalAmt02197351
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Internal Revenue Service has not examined (audited) any income tax returns of the School thus the previous three (3) years are subject to examination. The School has not taken any questionable tax positions with respect to unrelated business income tax or anything that would jeopardize its 501(c)(3) status.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleD/TotalExpensesPerForm990Amt02157081
IRS990ScheduleD/TotalRevenuePerForm990Amt02197351
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02197351
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02157081
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.76$0.02$0.74$3.16$2.67$0.49
2023Detailed filing. Detailed filing data is available for this year.$0.26$0.01$0.25$2.57$2.41$0.16
2022Detailed filing. Detailed filing data is available for this year.$0.12$0.03$0.09$2.28$2.40$0.12
2021Detailed filing. Detailed filing data is available for this year.$0.22$0.01$0.21$2.20$2.23$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.30$0.06$0.25$2.24$2.27$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.29$0.02$0.27$2.11$2.16$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.34$0.12$0.22$2.20$2.16$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.30$0.12$0.18$2.20$2.24$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.34$0.11$0.22$2.19$2.10$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.29$0.16$0.13$2.19$2.15$0.04
2014Summary only. Only limited summary data is available for this year.$0.23$0.14$0.09$2.03$2.17$0.14
2013Summary only. Only limited summary data is available for this year.$0.35$0.11$0.24$2.12$2.03$0.09
2012Summary only. Only limited summary data is available for this year.$0.26$0.12$0.15$2.13$2.17$0.04
2011Summary only. Only limited summary data is available for this year.$0.30$0.12$0.18$2.00$2.10$0.11