Civic Intelligence

The J127 Education Foundation

990 • Fiscal year 2013 • EIN 54-1371815

Jul 01, 2012 to Jun 30, 2013 • Filed on Feb 12, 2014

Organization Profilewww.merrittacademy.org, www.firststepstysons.com

View Organization Page

9657 Blake Lane22031
Siviq Scores

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

Liabilities / Assets

78th percentile

0.62x

Higher debt load relative to assets than 78% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

64th percentile

7.6%

Faster asset growth than 64% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$10,661,738

Up $755,151 (+7.6%) from 2012

Net Assets

Up

$4,036,658

Up $840,631 (+26%) from 2012

Liabilities

Down

$6,625,080

Down $85,480 (-1.3%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$10,449,067

Up $508,215 (+5.1%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth64th percentile

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

$40M$30M$20M$10M$0Assets 2011: $8,625,829Liabilities 2011: $6,454,819Net Assets 2011: $2,171,0102011Assets 2012: $9,906,587Liabilities 2012: $6,710,560Net Assets 2012: $3,196,0272012Assets 2013: $10,661,738Liabilities 2013: $6,625,080Net Assets 2013: $4,036,6582013Assets 2014: $12,394,730Liabilities 2014: $6,847,214Net Assets 2014: $5,547,5162014Assets 2015: $13,409,627Liabilities 2015: $6,676,553Net Assets 2015: $6,733,0742015Assets 2016: $14,021,182Liabilities 2016: $6,773,092Net Assets 2016: $7,248,0902016Assets 2017: $15,358,571Liabilities 2017: $6,735,924Net Assets 2017: $8,622,6472017Assets 2018: $16,520,492Liabilities 2018: $6,503,192Net Assets 2018: $10,017,3002018Assets 2019: $17,432,865Liabilities 2019: $6,143,612Net Assets 2019: $11,289,2532019Assets 2020: $16,958,936Liabilities 2020: $7,281,694Net Assets 2020: $9,677,2422020Assets 2021: $24,052,586Liabilities 2021: $10,314,775Net Assets 2021: $13,737,8112021Assets 2022: $22,852,049Liabilities 2022: $8,483,869Net Assets 2022: $14,368,1802022Assets 2023: $29,517,575Liabilities 2023: $14,157,009Net Assets 2023: $15,360,5662023Assets 2024: $30,048,743Liabilities 2024: $13,824,386Net Assets 2024: $16,224,3572024

Highlighted filing

2013

Assets$10,661,738
Liabilities$6,625,080
Net Assets$4,036,658
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$20M$10M$0-$10MRevenue 2011: $5,569,106Expenses 2011: $4,771,277Net Income 2011: $797,8292011Revenue 2012: $11,059,229Expenses 2012: $9,940,852Net Income 2012: $1,118,3772012Expenses 2013: $10,449,0672013Revenue 2014: $12,137,712Expenses 2014: $10,867,261Net Income 2014: $1,270,4512014Revenue 2015: $13,574,240Expenses 2015: $12,108,865Net Income 2015: $1,465,3752015Revenue 2016: $13,214,842Expenses 2016: $12,643,435Net Income 2016: $571,4072016Revenue 2017: $14,405,323Expenses 2017: $13,033,631Net Income 2017: $1,371,6922017Revenue 2018: $14,000,036Expenses 2018: $13,139,811Net Income 2018: $860,2252018Revenue 2019: $15,038,476Expenses 2019: $13,883,880Net Income 2019: $1,154,5962019Revenue 2020: $12,709,959Expenses 2020: $14,054,498Net Income 2020: -$1,344,5392020Revenue 2021: $14,577,728Expenses 2021: $12,678,218Net Income 2021: $1,899,5102021Revenue 2022: $19,636,804Expenses 2022: $15,115,884Net Income 2022: $4,520,9202022Revenue 2023: $15,835,432Expenses 2023: $16,119,878Net Income 2023: -$284,4462023Revenue 2024: $16,827,456Expenses 2024: $16,612,177Net Income 2024: $215,2792024

Highlighted filing

2013

Revenue-
Expenses$10,449,067
Net Income-
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Feb 12, 2014
Return Version
2012v2.1
Gross Receipts
$11,325,298
Mission and Program Overview

Mission

Elementary education and daycare services to students ranging in age from 6 weeks to 14 years old.

Filing and Contact Details

Filer

EIN
54-1371815
Raw XML AppendixShowing 400 of 624 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/Form990ScheduleDPartXIII/Explanation0THE EDUCATION FOUNDATION IS EXEMPT FROM THE PAYMENT OF INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA ON ACCOUNTING FOR UNCERTAINTY IN ICNOME TAXES AND HAS DETERMINED THAT THE EDUCATION FOUNDATION HAD NO UNCERTAIN INCOME TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2013.
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation3TUITION DISCOUNTS SHOWN NET OF REVENUE ON FINANCIALS 82,440.
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IRS990ScheduleE/Form990ScheduleEPartII/Explanation0THE FOUNDATION'S WEBSITE INCLUDES A STATEMENT ABOUT OUR NONDISCRIMINARTORY POLICY.
IRS990ScheduleE/Form990ScheduleEPartII/Explanation1SCHEDULE E, QUESTION 4A: WE DO NOT FORMALLY COLLECT STATISTICS BASED ON RACE ON ANY FORMS OR MATERIALS RELATED TO EMPLOYMENT AND/OR ENROLLMENT. SCHEDULE E, QUESTION 4B: WE OFFER ONLY INFORMAL, SHORT-TERM, NEEDS-BASED FINANCIAL ASSISTANCE WHICH IS HANDLED ON A CASE BY CASE BASIS.
IRS990ScheduleE/Form990ScheduleEPartII/Identifier0EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION
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IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant0FINANCIAL AID TO STUDENT FAMILIES
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0SCHEDULE I, PART I, LINE 2: FINANCIAL AID AWARDED TO STUDENT FAMILIES IS MADE BASED UPON NEED AND APPLICATION, AND IS USED ONLY FOR TUITION. FINANCIAL AID MONEY IS CREDITED DIRECTLY TO THE STUDENTS' ACCOUNTS.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0PROCEDURE FOR MONITORING GRANTS IN THE U.S.:
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference0PART I, LINE 2:
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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$10,661,738
Liabilities
$6,625,080
Net assets
$4,036,658
Revenue
-
Expenses
$10,449,067
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$30.0$13.8$16.2$16.8$16.6$0.22
2023Detailed filing. Detailed filing data is available for this year.$29.5$14.2$15.4$15.8$16.1$0.28
2022Detailed filing. Detailed filing data is available for this year.$22.9$8.48$14.4$19.6$15.1$4.52
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.1$10.3$13.7$14.6$12.7$1.90
2020Detailed filing. Detailed filing data is available for this year.$17.0$7.28$9.68$12.7$14.1$1.34
2019Detailed filing. Detailed filing data is available for this year.$17.4$6.14$11.3$15.0$13.9$1.15
2018Detailed filing. Detailed filing data is available for this year.$16.5$6.50$10.0$14.0$13.1$0.86
2017Detailed filing. Detailed filing data is available for this year.$15.4$6.74$8.62$14.4$13.0$1.37
2016Detailed filing. Detailed filing data is available for this year.$14.0$6.77$7.25$13.2$12.6$0.57
2015Detailed filing. Detailed filing data is available for this year.$13.4$6.68$6.73$13.6$12.1$1.47
2014Detailed filing. Detailed filing data is available for this year.$12.4$6.85$5.55$12.1$10.9$1.27
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$6.63$4.04$10.4
2012Summary only. Only limited summary data is available for this year.$9.91$6.71$3.20$11.1$9.94$1.12
2011Summary only. Only limited summary data is available for this year.$8.63$6.45$2.17$5.57$4.77$0.80