Civic Intelligence

Island Education Inc.

990 • Fiscal year 2017 • EIN 59-1653881

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 01, 2017

1423 Julia StreetFernandina Beach, FL 32034

(904) 261-6610

Siviq Scores

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

Liabilities / Assets

64th percentile

0.22x

Higher debt load relative to assets than 64% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

59th percentile

0.16x

Higher debt load relative to revenue than 59% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

53rd percentile

3.9%

Higher net margin than 53% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

26th percentile

-3.0%

Faster asset growth than 26% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

31st percentile

-2.4%

Faster revenue growth than 31% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$818,918

Down $25,343 (-3.0%) from 2016

Net Assets

Up

$641,464

Up $43,137 (+7.2%) from 2016

Liabilities

Down

$177,454

Down $68,480 (-28%) from 2016

Revenue

Down

$1,105,636

Down $27,603 (-2.4%) from 2016

Expenses

Up

$1,062,287

Up $19,347 (+1.9%) from 2016

Net Income

Down

$43,349

Down $46,950 (-52%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $1,420,593Liabilities 2010: $411,917Net Assets 2010: $1,008,6762010Assets 2011: $1,409,921Liabilities 2011: $488,331Net Assets 2011: $921,5902011Assets 2012: $776,388Liabilities 2012: $258,530Net Assets 2012: $517,8582012Assets 2013: $802,228Liabilities 2013: $264,735Net Assets 2013: $537,4932013Assets 2014: $665,425Liabilities 2014: $208,473Net Assets 2014: $456,9522014Assets 2015: $735,004Liabilities 2015: $226,976Net Assets 2015: $508,0282015Assets 2016: $844,261Liabilities 2016: $245,934Net Assets 2016: $598,3272016Assets 2017: $818,918Liabilities 2017: $177,454Net Assets 2017: $641,4642017Assets 2018: $872,503Liabilities 2018: $199,169Net Assets 2018: $673,3342018Assets 2019: $792,810Liabilities 2019: $139,201Net Assets 2019: $653,6092019Assets 2020: $968,499Liabilities 2020: $133,069Net Assets 2020: $835,4302020Assets 2021: $1,009,970Liabilities 2021: $229,246Net Assets 2021: $780,7242021Assets 2022: $892,162Liabilities 2022: $164,550Net Assets 2022: $727,6122022Assets 2023: $919,601Liabilities 2023: $207,680Net Assets 2023: $711,9212023Assets 2024: $1,116,904Liabilities 2024: $271,368Net Assets 2024: $845,5362024Assets 2025: $1,432,717Liabilities 2025: $534,009Net Assets 2025: $898,7082025

Highlighted filing

2017

Assets$818,918
Liabilities$177,454
Net Assets$641,464

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $718,9572010Revenue 2011: $779,341Expenses 2011: $866,427Net Income 2011: -$87,0862011Revenue 2012: $841,896Expenses 2012: $1,245,627Net Income 2012: -$403,7312012Revenue 2013: $748,695Expenses 2013: $729,060Net Income 2013: $19,6352013Revenue 2014: $815,697Expenses 2014: $896,241Net Income 2014: -$80,5442014Revenue 2015: $970,519Expenses 2015: $908,130Net Income 2015: $62,3892015Revenue 2016: $1,133,239Expenses 2016: $1,042,940Net Income 2016: $90,2992016Revenue 2017: $1,105,636Expenses 2017: $1,062,287Net Income 2017: $43,3492017Revenue 2018: $1,092,684Expenses 2018: $1,060,816Net Income 2018: $31,8682018Revenue 2019: $1,006,985Expenses 2019: $1,031,406Net Income 2019: -$24,4212019Revenue 2020: $1,135,040Expenses 2020: $955,078Net Income 2020: $179,9622020Revenue 2021: $808,800Expenses 2021: $863,969Net Income 2021: -$55,1692021Revenue 2022: $1,107,439Expenses 2022: $1,162,223Net Income 2022: -$54,7842022Revenue 2023: $966,154Expenses 2023: $981,845Net Income 2023: -$15,6912023Revenue 2024: $1,232,838Expenses 2024: $1,148,058Net Income 2024: $84,7802024Revenue 2025: $1,573,833Expenses 2025: $1,340,661Net Income 2025: $233,1722025

Highlighted filing

2017

Revenue$1,105,636
Expenses$1,062,287
Net Income$43,349
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 1, 2017
Return Version
2016v3.0
Gross Receipts
$1,141,984
Mission and Program Overview

Mission

Amelia island montessori school embodies a child-centered education grounded in montessori philosophy and methodology,supporting the "whole child," inspiring independent thinkers and cultivating collaborative citizens.

To provide an authentic montessori education, helping children develop to their fullest potential. To promote, establish and operate toddler through middle school educational programs using the montessori method of education

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$551,744$537,436▼ $14,308
Cash and Non-Interest-Bearing Accounts$284,263$268,228▼ $16,035
Accounts Receivable$5,982$10,982▲ $5,000
Prepaid Expenses and Deferred Charges$1,740$1,740→ $0
Total Assets$844,261$818,918▼ $25,343
Other Assets Total$532$532→ $0
Liabilities
Other Liabilities$110,920$87,168▼ $23,752
Deferred Revenue$123,984$80,456▼ $43,528
Accounts Payable and Accrued Expenses$11,030$9,830▼ $1,200
Total Liabilities$245,934$177,454▼ $68,480
Net Assets / Fund Balance
Unrestricted Net Assets$598,327$641,464▲ $43,137
Total Net Assets Fund Balance$598,327$641,464▲ $43,137
Total Liabilities and Net Assets / Fund Balance$844,261$818,918▼ $25,343

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$367,692$472,763$840,455
Land$169,744-$169,744
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tom HarrisPresident
Diane Van LananDirector
Jeremy PowellDirector
John DrewDirector
Kevin LinDirector
Mary OdonnellDirector
Michael BrooksDirector
Martha McdowellSecretary
Aaron BellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,072,753
Investment Income
$0
Other Revenue
$32,883
Change in Net Assets
$43,349
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$826,720
Other Expenses$235,567
Total Fundraising Expense$28,725
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$682,285$23,822$25,084$731,191
Occupancy$53,922$5,991-$59,913
Payroll Taxes$54,914$1,918$2,019$58,851
All Other Expenses$41,856$4,791$364$47,011
Other Employee Benefits$34,225$1,195$1,258$36,678
Depreciation Depletion$23,720$2,638-$26,358
Insurance$20,386$2,266-$22,652
Other Expenses$12,618$1,402-$14,020
Fees for Services Accounting$816$5,461-$6,277
Office Expenses$2,178$726-$2,904
Interest$1,980$849-$2,829
Advertising$1,317--$1,317
Information Technology$398$65-$463
Total Functional Expenses$982,438$51,124$28,725$1,062,287
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$49,514
Fundraising Direct Expenses$36,348
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$46,013$46,013$36,348$9,665
Total Events$46,013$46,013$36,348$9,665
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Mortgage$68,642
Other Liabilities$18,526
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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, Page 6, Part VI, Line 11B

A copy of the 990 is made available to all board of trustee members to review prior to filing with the irs.

Form 990, Page 6, Part VI, Line 15A

The board of trustees negotiates a contract with the head of school. The compensation is based on competitive marketplace forecs in the area.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Island Education Inc
EIN
59-1653881
Phone
9042616610
Address
1423 JULIA STREET, FERNANDINA BEACH, FL 32034
Doing Business As
Amelia Island Montessori School

Signing Officer

Name
Tom Harris
Title
President
Phone
9042616610
Signed
2017-10-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Harris
Voting Board Members
10
Independent Board Members
10
Employees
63

Preparer

Firm
Courson & Stam
Address
2398 SADLER RD, FERNANDINA BEACH, FL 32034-4556
Preparer
Julian Sauer
Phone
9042617803
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To provide an authentic montessori education, helping children develop to their fullest potential. To promote, establish and operate toddler through middle school educational programs using the montessori method of education

Raw XML Appendix379 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/LandGrp/BookValueAmt0169744
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0169744
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0367692
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0472763
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0840455
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt068642
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt118526
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MORTGAGE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0537436
IRS990ScheduleD/TotalLiabilityAmt087168
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOLS PARENT HANDBOOK THAT IS GIVEN TO PARENTS ATORIENTATION CONTAINS A NON DISCRIMINATORY POLICY STATEMENT AS DOES THE ADMINISTRATION HANDBOOK THE SCHOOL WEBSITE HAS A NON DISCRIMINATION STATEMENT
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 5
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt036348
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt046013
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt046013
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt046013
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt046013
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt09665
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt036348
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt036348
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE AN AUTHENTIC MONTESSORI EDUCATION, HELPING CHILDREN DEVELOP TO THEIR FULLEST POTENTIAL. TO PROMOTE, ESTABLISH AND OPERATE TODDLER THROUGH MIDDLE SCHOOL EDUCATIONAL PROGRAMS USING THE MONTESSORI METHOD OF EDUCATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE 990 IS MADE AVAILABLE TO ALL BOARD OF TRUSTEE MEMBERS TO REVIEW PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF TRUSTEES NEGOTIATES A CONTRACT WITH THE HEAD OF SCHOOL. THE COMPENSATION IS BASED ON COMPETITIVE MARKETPLACE FORECS IN THE AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0844261
IRS990/TotalAssetsEOYAmt0818918
IRS990/TotalAssetsGrp/BOYAmt0844261
IRS990/TotalAssetsGrp/EOYAmt0818918
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt063
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt028725
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt051124
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0982438
IRS990/TotalFunctionalExpensesGrp/TotalAmt01062287
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0245934
IRS990/TotalLiabilitiesEOYAmt0177454
IRS990/TotalLiabilitiesGrp/BOYAmt0245934
IRS990/TotalLiabilitiesGrp/EOYAmt0177454
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0598327
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0641464
IRS990/TotalProgramServiceExpensesAmt0982438
IRS990/TotalProgramServiceRevenueAmt01072753
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01092470
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01105636
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0844261
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0818918
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0598327
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0641464
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 3000
IRS990/USAddress/CityNm0FERNANDINA BEACH
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032035
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0AMELIAISLANDMONTESSORI.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TOM HARRIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09042616610
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ISLAND EDUCATION INC
ReturnHeader/Filer/BusinessNameControlTxt0ISLA
ReturnHeader/Filer/EIN0591653881
ReturnHeader/Filer/PhoneNum09042616610
ReturnHeader/Filer/USAddress/AddressLine1Txt01423 JULIA STREET
ReturnHeader/Filer/USAddress/CityNm0FERNANDINA BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032034
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02AADE741C5BB63DB4EC42CE203E15E8EDEB5251C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F90953159B1ABF139297B721600167EB9314BE6B
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200564142
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COURSON & STAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02398 SADLER RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FERNANDINA BEACH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0320344556
ReturnHeader/PreparerPersonGrp/PhoneNum09042617803
ReturnHeader/PreparerPersonGrp/PreparationDt02017-10-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JULIAN SAUER
ReturnHeader/ReturnTs02017-10-19T16:59:17-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.43$0.53$0.90$1.57$1.34$0.23
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.12$0.27$0.85$1.23$1.15$0.08
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.92$0.21$0.71$0.97$0.98$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.89$0.16$0.73$1.11$1.16$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$0.23$0.78$0.81$0.86$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.97$0.13$0.84$1.14$0.96$0.18
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.14$0.65$1.01$1.03$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.87$0.20$0.67$1.09$1.06$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.82$0.18$0.64$1.11$1.06$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.84$0.25$0.60$1.13$1.04$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.74$0.23$0.51$0.97$0.91$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.67$0.21$0.46$0.82$0.90$0.08
2013Summary only. Only limited summary data is available for this year.$0.80$0.26$0.54$0.75$0.73$0.02
2012Summary only. Only limited summary data is available for this year.$0.78$0.26$0.52$0.84$1.25$0.40
2011Summary only. Only limited summary data is available for this year.$1.41$0.49$0.92$0.78$0.87$0.09
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.42$0.41$1.01$0.72