Civic Intelligence

Ideal Academy Public Charter School

990 • Fiscal year 2012 • EIN 52-2138875

Jul 01, 2011 to Jun 30, 2012 • Filed on May 15, 2013

6130 North Capitol Street NW20011
Siviq Scores

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

Liabilities / Assets

90th percentile

0.94x

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

2012 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

26th percentile

-2.9%

Faster asset growth than 26% of similar nonprofits.

2012 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$13,568,463

Down $400,548 (-2.9%) from 2011

Net Assets

Down

$855,506

Down $63,672 (-6.9%) from 2011

Liabilities

Down

$12,712,957

Down $336,876 (-2.6%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$4,870,710

Down $1,807,503 (-27%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $13,969,011Liabilities 2011: $13,049,833Net Assets 2011: $919,1782011Assets 2012: $13,568,463Liabilities 2012: $12,712,957Net Assets 2012: $855,5062012Assets 2013: $13,269,329Liabilities 2013: $11,981,018Net Assets 2013: $1,288,3112013Assets 2014: $13,099,496Liabilities 2014: $11,737,961Net Assets 2014: $1,361,5352014Assets 2015: $12,638,733Liabilities 2015: $10,914,711Net Assets 2015: $1,724,0222015Assets 2017: $12,508,879Liabilities 2017: $9,957,574Net Assets 2017: $2,551,3052017Assets 2018: $11,987,471Liabilities 2018: $9,028,317Net Assets 2018: $2,959,1542018Assets 2019: $11,779,921Liabilities 2019: $9,193,687Net Assets 2019: $2,586,2342019

Highlighted filing

2012

Assets$13,568,463
Liabilities$12,712,957
Net Assets$855,506

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2011: $6,678,2132011Expenses 2012: $4,870,7102012Expenses 2013: $4,672,1772013Revenue 2014: $4,840,809Expenses 2014: $4,767,585Net Income 2014: $73,2242014Revenue 2015: $5,444,208Expenses 2015: $5,129,044Net Income 2015: $315,1642015Revenue 2017: $5,427,649Expenses 2017: $5,012,622Net Income 2017: $415,0272017Revenue 2018: $5,642,435Expenses 2018: $5,234,586Net Income 2018: $407,8492018Revenue 2019: $5,580,149Expenses 2019: $5,501,840Net Income 2019: $78,3092019

Highlighted filing

2012

Revenue-
Expenses$4,870,710
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
May 15, 2013
Return Version
2011v1.5
Gross Receipts
$4,833,581
Mission and Program Overview

Mission

We are a community comitted to excellence in education by providing a nurturing learning environment that enales our students to become competent and contributing global citizens. At ideal academy, we embrace the whole child: mind, body, and character, providing them not only cognitive development, but also social, emotional, physical, and creative growth.

Filing and Contact Details

Filer

EIN
52-2138875
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IRS990/ActivityOrMissionDescription0THE MISSION OF THE IDEAL ACADEMY PUBLIC CHARTER SCHOOL IS TO CREATE AND IMPLEMENT INSTITUTIONS AND PROGRAMS WHICH HELP STUDENTS TO DEVELOP FULLY IN AREAS RELATED TO THEIR MIND, BODY, SPIRIT AND EMOTIONS. STUDENTS WHO RECEIVE IDEAL EDUCATION ARE EMPOWERED TO EXCEL IN ALL ACADEMIC AND PERSONAL GROWTH ACTIVITIES; TO POSITIVELY AND PRODUCTIVELY HANDLE CHALLENGES AND STRESSES; TO APPRECIATE THE FINE ARTS; AND TO EXPRESS THEIR OWN CREATIVITY, INTUITION AND CRITICAL THINKING SKILLS IN ORDER TO SOLVE PROBLEMS AND POSITIVELY CONTRIBUTE TO THE QUALITY OF LIFE. IDEAL STUDENTS ARE ABLE TO UNDERSTAND, ACCEPT AND RESPECT THEMSELVES AND OTHERS; TO APPRECIATE AND LIVE IN ACCORDANCE WITH THE VERY FINEST SOCIALLY ACCEPTABLE AND LIFE SUPPORTIVE STANDARDS, VALUES AND MORALS; AND TO WORK TOGETHER WITH OTHERS REGARDLESS OF SEX, RACE, COLOR OR CREED-IN ORDER TO MAKE POSITIVE CONTRIBUTIONS TO THEIR FAMILY, COMMUNITY, THE CITY IN WHICH THEY LIVE, AND ULTIMATELY THE WORLD.
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IRS990/Description0IDEAL ACADEMY'S GOAL IS TO EMPOWER STUDENTS TO EXCEL ACADEMICALLY AND ACHIEVE MAXIMUM SELF-RELIANCE AND PERSONAL FULFILLMENT. THIS IS ACCOMPLISHED BY ENGAGING STUDENTS IN DYNAMIC LEARNING EXPERIENCES BASED ON PROVEN EDUCATIONAL METHODS AND INCORPORATING STRONG COMMUNITY AND PARENTAL INVOLVEMENT. THERE IS A COLLABORATIVE EFFORT TO CREATE A SAFE AND CARING LEARNING ENVIRONMENT THAT NURTURES AND EMPOWERS STUDENTS, THEIR PARENTS AND THE TEACHING STAFF. THE CURRENT PROGRAM SUPPORTS PRE-SCHOOL THROUGH ELEVENTH GRADE STUDENTS.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES, MANAGEMENT EVALUATED ITS ACTIVITIES AND DETERMINED THAT THE SCHOOL HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE ACCOUNTING STANDARD. ACCORDINGLY, THERE ARE NO UNRECOGNIZED BENEFITS OR APPLICABLE INTEREST AND PENALTIES THAT SHOULD BE RECORDED.
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IRS990ScheduleE/Form990ScheduleEPartII/Explanation0THE SCHOOL IS A PUBLIC CHARTER SCHOOL FREE OF CHARGE TO STUDENTS WHO RESIDE IN THE DISTRICT OF COLUMBIA. ADMISSIONS ARE CONDUCTED IN ACCORDANCE WITH THE DISTRICT LAW AND ANY ELIGIBLE CHILD APPLYING IN ACCORDANCE WITH THE LAW WILL BE ADMITTED, SUBJECT SOLELY TO MAXIMUM ENROLLMENT LIMITS. THE SCHOOL DOES NOT DISCRIMINATE AGAINST ANYONE BECAUSE OF RACE, COLOR, RELIGION, GENDER, NATIONAL ORIGIN, AGE, DISABILITY OR ANY OTHER CHARACTERISTIC PROTECTED BY LAW.
IRS990ScheduleE/Form990ScheduleEPartII/Identifier0EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION
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IRS990ScheduleO/GeneralExplanation/Explanation0THE 990 IS ELECTRONICALLY SUBMITTED TO THE TREASURER OF THE BOARD TO BE REVIEWED PRIOR TO BEING SUBMITTED TO THE IRS.
IRS990ScheduleO/GeneralExplanation/Explanation1THE BOARD OF TRUSTEES DOES NOT ACCEPT ANY CONTRACTS FROM BOARD MEMBERS OR COMPENSATE MEMBERS FOR ANY SERVICES PROVIDED AS A BOARD MEMBER
IRS990ScheduleO/GeneralExplanation/Explanation2COMPENSATION OF THE ORGANIZATION'S BUSINESS, PRINCIPAL AND TOP MANAGEMENT INCLUDES A REVIEW OF COMPARABILITY DATA AND SALARY SCHEDULES.
IRS990ScheduleO/GeneralExplanation/Explanation3GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation4IDEAL ACADEMY PUBLIC CHARTER SCHOOL'S FINANCIAL STATEMENTS ARE IN THE PROCESS OF BEING AUDITED IN ACCORDANCE WITH OMB CIRCULAR A-133. UPON THE COMPLETION OF THE REQUIRED AUDIT, FORM 990 WILL BE AMENDED TO REFLECT CHANGES DUE TO THE ISSUANCE OF THE INDEPENDENT AUDITORS' REPORT.
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IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TotalGrossUBI00
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IRS990/TotalLiabilitiesBOY013090637
IRS990/TotalLiabilities/EOY012712957
IRS990/TotalLiabilitiesEOY012712957
IRS990/TotalLiabNetAssetsFundBalances/BOY013983272
IRS990/TotalLiabNetAssetsFundBalances/EOY013568463
IRS990/TotalNbrEmployees099
IRS990/TotalNbrVolunteers00
IRS990/TotalNetAssetsFundBalances/BOY0892635
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IRS990/TotalOtherCompensation00
IRS990/TotalOtherRevenue042462
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceExpense03718872
IRS990/TotalProgramServiceRevenue04117194
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg0100229
IRS990/TotalRevenueCurrentYear04833581
IRS990/TotalRevenue/ExclusionAmount025222
IRS990/TotalRevenuePriorYear06653361
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome04159656
IRS990/TotalRevenue/TotalRevenueColumn04833581
IRS990/TotalRevenue/UnrelatedBusinessRevenue00
IRS990/TransactionRelatedEntity00
IRS990/TransfersToExemptNonChrtblOrg00
IRS990/Travel/ProgramServices082
IRS990/Travel/Total082
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome00
IRS990/UnrestrictedNetAssets/BOY0892635
IRS990/UnrestrictedNetAssets/EOY0855506
IRS990/UnsecuredNotesLoansPayable/BOY011960248

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2012 filings • 501(c)3 • $10M-$25M nonprofits