Civic Intelligence

Florida Education Association

990 • Fiscal year 2020 • EIN 59-1308729

Sep 01, 2019 to Aug 31, 2020 • Filed on Jul 12, 2021

1610 Beck AvenuePanama City, FL 32405

(850) 763-3416

Siviq Scores

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

Liabilities / Assets

84th percentile

0.06x

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

2020 filings • 501(c)5 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

84th percentile

0.07x

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

2020 filings • 501(c)5 • <$500k nonprofits • Source year 2020

Net Margin

48th percentile

9.5%

Higher net margin than 48% of similar nonprofits.

2020 filings • 501(c)5 • <$500k nonprofits • Source year 2020

Top Officer Pay

58th percentile

$2,552

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2020 filings • 501(c)5 • <$500k nonprofits • Source year 2020

Asset Growth

49th percentile

7.3%

Faster asset growth than 49% of similar nonprofits.

2020 filings • 501(c)5 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

85th percentile

12%

Faster revenue growth than 85% of similar nonprofits.

2020 filings • 501(c)5 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$379,269

Up $25,784 (+7.3%) from 2019

Net Assets

Up

$355,878

Up $32,810 (+10%) from 2019

Liabilities

Down

$23,391

Down $7,026 (-23%) from 2019

Revenue

Up

$345,330

Up $36,562 (+12%) from 2019

Expenses

Up

$312,364

Up $23,524 (+8.1%) from 2019

Net Income

Up

$32,966

Up $13,038 (+65%) from 2019

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2013: $272,762Liabilities 2013: $6,740Net Assets 2013: $266,0222013Assets 2014: $275,642Liabilities 2014: $7,493Net Assets 2014: $268,1492014Assets 2015: $263,023Liabilities 2015: $9,684Net Assets 2015: $253,3392015Assets 2016: $264,034Liabilities 2016: $5,796Net Assets 2016: $258,2382016Assets 2017: $250,070Liabilities 2017: $1,240Net Assets 2017: $248,8302017Assets 2018: $319,640Liabilities 2018: $17,164Net Assets 2018: $302,4762018Assets 2019: $353,485Liabilities 2019: $30,417Net Assets 2019: $323,0682019Assets 2020: $379,269Liabilities 2020: $23,391Net Assets 2020: $355,8782020Assets 2021: $366,133Liabilities 2021: $34,259Net Assets 2021: $331,8742021

Highlighted filing

2020

Assets$379,269
Liabilities$23,391
Net Assets$355,878

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2013: $195,949Expenses 2013: $186,152Net Income 2013: $9,7972013Revenue 2014: $195,772Expenses 2014: $193,645Net Income 2014: $2,1272014Revenue 2015: $194,016Expenses 2015: $208,826Net Income 2015: -$14,8102015Revenue 2016: $192,099Expenses 2016: $187,200Net Income 2016: $4,8992016Revenue 2017: $186,593Expenses 2017: $177,647Net Income 2017: $8,9462017Revenue 2018: $337,437Expenses 2018: $284,489Net Income 2018: $52,9482018Revenue 2019: $308,768Expenses 2019: $288,840Net Income 2019: $19,9282019Revenue 2020: $345,330Expenses 2020: $312,364Net Income 2020: $32,9662020Revenue 2021: $273,477Expenses 2021: $299,330Net Income 2021: -$25,8532021

Highlighted filing

2020

Revenue$345,330
Expenses$312,364
Net Income$32,966
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Jul 12, 2021
Return Version
2019v5.2
Gross Receipts
$345,330
Mission and Program Overview

Mission

To provide members and locals with professional staff and necessary support services and facilities to implement, improve, and coordinate programs of the united teaching profession. To guarantee local control and involvement of local leadership and local staff.

To provide members and locals with professional staff and necessary support services and facilities to implement, improve and coordinate programs of the united teaching profession to guarantee local control and involvement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$294,219$287,334▼ $6,885
Prepaid Expenses and Deferred Charges$24,689$21,994▼ $2,695
Cash and Non-Interest-Bearing Accounts$22,017$20,722▼ $1,295
Accounts Receivable$6,208$10,520▲ $4,312
Other Notes and Loans Receivable, Net$241$241→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$353,485$379,269▲ $25,784
Other Assets Total$6,111$38,458▲ $32,347
Liabilities
Accounts Payable and Accrued Expenses$28,380$18,803▼ $9,577
Other Liabilities$2,037$4,588▲ $2,551
Total Liabilities$30,417$23,391▼ $7,026
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$323,068$355,878▲ $32,810
Total Net Assets Fund Balance$323,068$355,878▲ $32,810
Total Liabilities and Net Assets / Fund Balance$353,485$379,269▲ $25,784

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$11,593$11,593
Other Assets Org$38,458--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Michael PettyService Unit DirectorFT$2,552$2,552

Board Members and Trustees

NameTitle
Denise HinsonChair/treasurer
Kari Ann KinkeyVice Chair
Alexis UnderwoodCouncil Member
Jobeth DavisCouncil Member
Kim TrzaskaCouncil Member
Krissy GentryCouncil Member
Victoria WilkersonCouncil Member
Michelle AdamsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$102,509
Program Service Revenue
$240,236
Investment Income
$2,585
Other Revenue
$0
All Other Contributions
$102,509
Change in Net Assets
$32,966

Audited Revenue Reconciliation

Revenue per Audited Statements
$345,330
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$34,150
Total Revenue per Audited Statements
$379,480
Total Revenue per Form 990
$345,330
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$235,961
Other Expenses$76,403
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$81,284
Other Salaries and Wages---$77,392
Pension Plan Contributions---$63,997
Other Expenses---$43,406
Travel---$11,956
Payroll Taxes---$9,224
Fees for Services Accounting---$8,555
Office Expenses---$7,279
Occupancy---$5,207
Other Employee Benefits---$4,064
Total Functional Expenses$0$0$0$312,364

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$346,514
Expenses per Audited Statements$312,364
Total Expenses per Form 990$312,364
Expenses Not Reported on Form 990$34,150
Expenses Not Reported on Financial Statements$0
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
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Postretirement Benefit Obligation$4,588
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Employees are union employees part of the bargained florida staff organization contract administered by the florida education association, who also provides accounting oversight.

Form 990, Part VI, Section A, Line 6

MEMBERS

Form 990, Part VI, Section A, Line 7A

MEMBERS

Form 990, Part VI, Section A, Line 7B

MEMBERS

Form 990, Part VI, Section B, Line 10B

The association staff ensures the local units' activities are consistent with its tax-exempt purpose through the oversight of the locals they serve

Form 990, Part VI, Section B, Line 11B

The 990 and related schedules are prepared by a cpa and are reviewed by florida education association and staff before filing.

Form 990, Part VI, Section C, Line 18

AVAILABLE UPON REQUEST

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Florida Education Association Miracle
EIN
59-1308729
Phone
8507633416
Address
1610 BECK AVENUE, PANAMA CITY, FL 32405

Signing Officer

Name
Michael Petty
Title
Service Unit Director
Phone
8507633416
Signed
2021-07-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Petty
Formed
2004
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
8
Employees
2
Volunteers
0

Preparer

Firm
Calibre CPA Group Pllc
Address
7501 WISCONSIN AVENUE SUITE 1200, WEST, BETHESDA, MD 20814
Preparer
Kristin a Jacquelin CPA
Phone
2023319880
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Postretirement benefit income changes -156.

Financial Statement Notes

PART X, LINE 2:

The association follows authoritative guidance for accounting for uncertainty in income taxes included in asc topic income taxes. These provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's consolidated financial statements and prescribe a threshold of "more likely than not" for recognition and de-recognition of tax positions taken or expected to be taken in a tax return. The association performed an evaluation of uncertain tax positions for the year ended august 31, 2020, and determined that there were no matters that would require recognition in the consolidated financial statements.

Raw XML Appendix397 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/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION FOLLOWS AUTHORITATIVE GUIDANCE FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES INCLUDED IN ASC TOPIC INCOME TAXES. THESE PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S CONSOLIDATED FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION AND DE-RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ASSOCIATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED AUGUST 31, 2020, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt038458
IRS990ScheduleD/TotalExpensesPerForm990Amt0312364
IRS990ScheduleD/TotalLiabilityAmt04588
IRS990ScheduleD/TotalRevenuePerForm990Amt0345330
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0379480
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0346514
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EMPLOYEES ARE UNION EMPLOYEES PART OF THE BARGAINED FLORIDA STAFF ORGANIZATION CONTRACT ADMINISTERED BY THE FLORIDA EDUCATION ASSOCIATION, WHO ALSO PROVIDES ACCOUNTING OVERSIGHT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ASSOCIATION STAFF ENSURES THE LOCAL UNITS' ACTIVITIES ARE CONSISTENT WITH ITS TAX-EXEMPT PURPOSE THROUGH THE OVERSIGHT OF THE LOCALS THEY SERVE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE 990 AND RELATED SCHEDULES ARE PREPARED BY A CPA AND ARE REVIEWED BY FLORIDA EDUCATION ASSOCIATION AND STAFF BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8POSTRETIREMENT BENEFIT INCOME CHANGES -156.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 10B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0MIRACLE STRIP SERVICE UNIT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MIRACLE STRIP HOLDING CORPORATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0591308729
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(2)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TITLE HOLDING CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01610 BECK AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PANAMA CITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd032405
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0353485
IRS990/TotalAssetsEOYAmt0379269
IRS990/TotalAssetsGrp/BOYAmt0353485
IRS990/TotalAssetsGrp/EOYAmt0379269
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0102509
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/TotalAmt0312364
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt030417
IRS990/TotalLiabilitiesEOYAmt023391
IRS990/TotalLiabilitiesGrp/BOYAmt030417
IRS990/TotalLiabilitiesGrp/EOYAmt023391
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0323068
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0355878
IRS990/TotalOtherCompensationAmt02552
IRS990/TotalProgramServiceRevenueAmt0240236
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02585
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0240236
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0345330
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0353485
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0379269
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt011956
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01610 BECK AVENUE
IRS990/USAddress/CityNm0PANAMA CITY
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032405
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL PETTY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SERVICE UNIT DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08507633416
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FLORIDA EDUCATION ASSOCIATION MIRACLE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0STRIP SERVICE UNIT
ReturnHeader/Filer/BusinessNameControlTxt0FLOR
ReturnHeader/Filer/EIN0591308729
ReturnHeader/Filer/PhoneNum08507633416
ReturnHeader/Filer/USAddress/AddressLine1Txt01610 BECK AVENUE
ReturnHeader/Filer/USAddress/CityNm0PANAMA CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032405
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470900880
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CALIBRE CPA GROUP PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07501 WISCONSIN AVENUE SUITE 1200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt0WEST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BETHESDA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020814
ReturnHeader/PreparerPersonGrp/PhoneNum02023319880
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KRISTIN A JACQUELIN CPA
ReturnHeader/ReturnTs02021-07-12T11:40:43-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-09-01
ReturnHeader/TaxPeriodEndDt02020-08-31
ReturnHeader/TaxYr02019

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