Civic Intelligence

Ideal Academy Public Charter School

990 • Fiscal year 2018 • EIN 52-2138875

Jul 01, 2017 to Jun 30, 2018 • Filed on May 09, 2019

6130 North Capitol StreetWashington, DC 20011

(202) 729-6660

Siviq Scores

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

Liabilities / Assets

84th percentile

0.75x

Higher debt load relative to assets than 84% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

85th percentile

1.60x

Higher debt load relative to revenue than 85% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

62nd percentile

7.2%

Higher net margin than 62% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

28th percentile

$118,138

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

23rd percentile

-4.2%

Faster asset growth than 23% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

50th percentile

4.0%

Faster revenue growth than 50% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Down

$11,987,471

Down $521,408 (-4.2%) from 2017

Net Assets

Up

$2,959,154

Up $407,849 (+16%) from 2017

Liabilities

Down

$9,028,317

Down $929,257 (-9.3%) from 2017

Revenue

Up

$5,642,435

Up $214,786 (+4.0%) from 2017

Expenses

Up

$5,234,586

Up $221,964 (+4.4%) from 2017

Net Income

Down

$407,849

Down $7,178 (-1.7%) from 2017

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

2018

Assets$11,987,471
Liabilities$9,028,317
Net Assets$2,959,154

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

2018

Revenue$5,642,435
Expenses$5,234,586
Net Income$407,849
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 9, 2019
Return Version
2017v2.3
Gross Receipts
$5,642,435
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,526,450$11,156,891▼ $369,559
Cash and Non-Interest-Bearing Accounts$722,141$589,557▼ $132,584
Pledges and Grants Receivable$224,414$214,725▼ $9,689
Total Assets$12,508,879$11,987,471▼ $521,408
Other Assets Total$35,874$26,298▼ $9,576
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,478,813$8,741,209▼ $737,604
Accounts Payable and Accrued Expenses$410,998$231,336▼ $179,662
Other Liabilities$67,763$55,772▼ $11,991
Total Liabilities$9,957,574$9,028,317▼ $929,257
Net Assets / Fund Balance
Unrestricted Net Assets$2,551,305$2,959,154▲ $407,849
Total Net Assets Fund Balance$2,551,305$2,959,154▲ $407,849
Total Liabilities and Net Assets / Fund Balance$12,508,879$11,987,471▼ $521,408

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,187,355$3,813,798$14,001,153
Land$858,280-$858,280
Equipment$29,082$549,363$578,445
Other Land Buildings$82,174$192,061$274,235
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
George Rutherford Ii PhdPrincipalFT$118,138$118,138

Board Members and Trustees

NameTitle
Percy WilsonChairperson
Dr Earnest DevoeVice Chair
Espanola F HughesBoard Member
Jeaniece JohnsonBoard Member
LA'KEISH COOKBoard Member
Tiffany LoweryBoard Member
Vincent MckieBoard Member
William NewsomeBoard Member
Nathan Evans CPATreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Steve Bus ServiceTransportation2516 32ND ST SE, Washington, DC 20020$134,710
Revenue and Support

Revenue Composition

Contributions and Grants
$588,901
Program Service Revenue
$5,015,798
Investment Income
$0
Other Revenue
$37,736
All Other Contributions
$11,207
Change in Net Assets
$407,849

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,642,435
Total Revenue per Audited Statements
$5,642,435
Total Revenue per Form 990
$5,642,435
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,250,830
Other Expenses$1,983,756
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,095,214$722,369-$2,817,583
Fees for Services Other$463,346$1,343-$464,689
Depreciation Depletion$318,950$102,050-$421,000
Interest$206,000$65,912-$271,912
Payroll Taxes$194,337$62,180-$256,517
Occupancy$175,526$56,161-$231,687
Other Employee Benefits$133,891$42,839-$176,730
Fees for Services Accounting$113,686$36,375-$150,061
Office Expenses$69,320$22,179-$91,499
Insurance$28,820$9,221-$38,041
Other Expenses$33,878$12,424-$33,878
All Other Expenses$23,939$1,584-$25,523
Total Functional Expenses$4,060,341$1,174,245$0$5,234,586

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,234,586
Total Expenses per Audited Statements$5,234,586
Total Expenses per Form 990$5,234,586
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
Capital Lease Payable$55,772
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The school's management reviews the 990 tax return before it is filed.

Form 990, Page 6, Part VI, Line 19

The school makes it governing documents available upon written request.

Filing and Contact Details

Filer

Filer Name
Ideal Academy Public Charter School
EIN
52-2138875
Phone
2027296660
Address
6130 NORTH CAPITOL STREET, WASHINGTON, DC 20011

Signing Officer

Name
Nathan Evans CPA
Title
Treasurer
Phone
2027296660
Signed
2019-05-09

Organization Details

Principal Officer
Percy Wilson
Formed
1999
Legal Domicile
Dc
Voting Board Members
9
Independent Board Members
9
Employees
115

Preparer

Firm
Bert Smith & Co
Address
1090 VERMONT AVE NW STE 920, WASHINGTON, DC 20005-2125
Preparer
Stephanie Lane CPA
Phone
2023935600
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.

Financial Statement Notes

Schedule D, Page 3, Part X

Financial accounting standards board (fasb), accounting standards codification 740, income taxes (asc 740) requires that a tax position be recognized or derecognized based on a "more-likely-than-not" threshold. This applies to positions taken or expected to be taken in a tax return. As of june 30, 2018, management has assessed its various tax positions and it believes there are no liabilities for uncertain positions.

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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/PayrollTaxesGrp/ProgramServicesAmt0194337
IRS990/PayrollTaxesGrp/TotalAmt0256517
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0214725
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0PERCY WILSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PER PUPIL ALLOTMENT
IRS990/ProgramServiceRevenueGrp/Desc1OTHER REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04943844
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt171954
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04943844
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt171954
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IRS990/PYOtherRevenueAmt043625
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IRS990/PYRevenuesLessExpensesAmt0415027
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IRS990/PYTotalExpensesAmt05012622
IRS990/PYTotalRevenueAmt05427649
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IRS990/RentalIncomeOrLossGrp/RealAmt037736
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt05015798
IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleD/BuildingsGrp/BookValueAmt010187355
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03813798
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IRS990ScheduleD/EquipmentGrp/BookValueAmt029082
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0549363
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE PAYABLE
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FINANCIAL ACCOUNTING STANDARDS BOARD (FASB), ACCOUNTING STANDARDS CODIFICATION 740, INCOME TAXES (ASC 740) REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE-LIKELY-THAN-NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AS OF JUNE 30, 2018, MANAGEMENT HAS ASSESSED ITS VARIOUS TAX POSITIONS AND IT BELIEVES THERE ARE NO LIABILITIES FOR UNCERTAIN POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalExpensesPerForm990Amt05234586
IRS990ScheduleD/TotalLiabilityAmt055772
IRS990ScheduleD/TotalRevenuePerForm990Amt05642435
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05642435
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL'S MANAGEMENT REVIEWS THE 990 TAX RETURN BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL MAKES IT GOVERNING DOCUMENTS AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04060341
IRS990/TotalFunctionalExpensesGrp/TotalAmt05234586
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09957574
IRS990/TotalLiabilitiesEOYAmt09028317
IRS990/TotalLiabilitiesGrp/BOYAmt09957574
IRS990/TotalLiabilitiesGrp/EOYAmt09028317
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IRS990/TotalProgramServiceExpensesAmt04060341
IRS990/TotalProgramServiceRevenueAmt05015798
IRS990/TotalReportableCompFromOrgAmt0118138
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05053534
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05642435
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012508879
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011987471
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02551305
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02959154
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06130 NORTH CAPITOL STREET
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd020011
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.IAPCS.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0NATHAN EVANS CPA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02027296660
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IDEAL ACADEMY PUBLIC CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0IDEA
ReturnHeader/Filer/EIN0522138875
ReturnHeader/Filer/PhoneNum02027296660
ReturnHeader/Filer/USAddress/AddressLine1Txt06130 NORTH CAPITOL STREET
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd020011
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId027BBD152A77E9307F67D1E255B2794672EB9DEBD
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId027BBD152A77E9307F67D1E255B2794672EB9DEBD
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0216.59.120.51
ReturnHeader/FilingSecurityInformation/IPDt02019-05-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm015:39:12
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521094722
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BERT SMITH & CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01090 VERMONT AVE NW STE 920
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WASHINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0DC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0200052125
ReturnHeader/PreparerPersonGrp/PhoneNum02023935600
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHANIE LANE CPA
ReturnHeader/ReturnTs02019-05-09T15:39:12-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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