Civic Intelligence

Foundation Christian Academy Inc.

990 • Fiscal year 2018 • EIN 59-3128048

Aug 01, 2017 to Jul 31, 2018 • Filed on Jun 06, 2018

3955 Lithia Pinecrest RoadValrico, FL 33596-8459

(813) 654-2969

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.44x

Higher debt load relative to assets than 73% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

80th percentile

0.89x

Higher debt load relative to revenue than 80% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

65th percentile

9.2%

Higher net margin than 65% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

21st percentile

$18,000

Higher top officer pay than 21% of similar nonprofits.

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

38th percentile

-1.0%

Faster asset growth than 38% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

42nd percentile

1.2%

Faster revenue growth than 42% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$5,236,733

Down $54,161 (-1.0%) from 2017

Net Assets

Up

$2,954,103

Up $235,607 (+8.7%) from 2017

Liabilities

Down

$2,282,630

Down $289,768 (-11%) from 2017

Revenue

Up

$2,562,033

Up $30,934 (+1.2%) from 2017

Expenses

Up

$2,326,426

Up $75,782 (+3.4%) from 2017

Net Income

Down

$235,607

Down $44,848 (-16%) from 2017

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $1,776,696Liabilities 2011: $1,163,321Net Assets 2011: $613,3752011Assets 2012: $1,871,020Liabilities 2012: $1,104,341Net Assets 2012: $766,6792012Assets 2013: $2,024,781Liabilities 2013: $1,061,535Net Assets 2013: $963,2462013Assets 2014: $2,200,042Liabilities 2014: $976,020Net Assets 2014: $1,224,0222014Assets 2015: $2,587,018Liabilities 2015: $905,146Net Assets 2015: $1,681,8722015Assets 2016: $4,729,822Liabilities 2016: $2,291,784Net Assets 2016: $2,438,0382016Assets 2017: $5,290,894Liabilities 2017: $2,572,398Net Assets 2017: $2,718,4962017Assets 2018: $5,236,733Liabilities 2018: $2,282,630Net Assets 2018: $2,954,1032018Assets 2019: $5,183,080Liabilities 2019: $1,897,870Net Assets 2019: $3,285,2102019Assets 2020: $5,774,061Liabilities 2020: $1,856,580Net Assets 2020: $3,917,4812020Assets 2021: $6,013,943Liabilities 2021: $1,374,597Net Assets 2021: $4,639,3462021Assets 2022: $7,083,560Liabilities 2022: $1,169,785Net Assets 2022: $5,913,7752022Assets 2023: $7,721,603Liabilities 2023: $969,369Net Assets 2023: $6,752,2342023Assets 2024: $8,570,449Liabilities 2024: $763,733Net Assets 2024: $7,806,7162024Assets 2025: $9,422,893Liabilities 2025: $563,753Net Assets 2025: $8,859,1402025

Highlighted filing

2018

Assets$5,236,733
Liabilities$2,282,630
Net Assets$2,954,103

Operations Trend

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

$6.0M$4.0M$2.0M$0Revenue 2011: $1,165,375Expenses 2011: $1,001,411Net Income 2011: $163,9642011Revenue 2012: $1,190,012Expenses 2012: $1,036,708Net Income 2012: $153,3042012Revenue 2013: $1,324,566Expenses 2013: $1,127,999Net Income 2013: $196,5672013Revenue 2014: $1,460,997Expenses 2014: $1,200,224Net Income 2014: $260,7732014Revenue 2015: $1,784,541Expenses 2015: $1,326,691Net Income 2015: $457,8502015Revenue 2016: $2,398,799Expenses 2016: $1,642,633Net Income 2016: $756,1662016Revenue 2017: $2,531,099Expenses 2017: $2,250,644Net Income 2017: $280,4552017Revenue 2018: $2,562,033Expenses 2018: $2,326,426Net Income 2018: $235,6072018Revenue 2019: $2,891,770Expenses 2019: $2,560,663Net Income 2019: $331,1072019Revenue 2020: $3,166,194Expenses 2020: $2,533,923Net Income 2020: $632,2712020Revenue 2021: $3,230,188Expenses 2021: $2,508,323Net Income 2021: $721,8652021Revenue 2022: $4,130,781Expenses 2022: $2,856,352Net Income 2022: $1,274,4292022Revenue 2023: $4,060,967Expenses 2023: $3,222,508Net Income 2023: $838,4592023Revenue 2024: $4,435,745Expenses 2024: $3,381,264Net Income 2024: $1,054,4812024Revenue 2025: $5,080,391Expenses 2025: $4,424,396Net Income 2025: $655,9952025

Highlighted filing

2018

Revenue$2,562,033
Expenses$2,326,426
Net Income$235,607
Jump To
Filing Snapshot
Filing Period
Aug 1, 2017 to Jul 31, 2018
Signed
Jun 6, 2018
Return Version
2017v2.3
Gross Receipts
$2,567,148
Mission and Program Overview

Mission

Providing a firm foundation of quality educational experiences focused on academic excellence, community service, and civic responsibility in a safe, nuturing christian environment for preschool through 12th grade students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,133,018$4,116,998▼ $16,020
Cash and Non-Interest-Bearing Accounts$1,083,209$1,026,267▼ $56,942
Savings and Temporary Cash Investments$73,957$92,758▲ $18,801
Total Assets$5,290,894$5,236,733▼ $54,161
Other Assets Total$710$710→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,572,398$2,282,630▼ $289,768
Total Liabilities$2,572,398$2,282,630▼ $289,768
Net Assets / Fund Balance
Unrestricted Net Assets$2,644,539$2,861,345▲ $216,806
Temporarily Rstr Net Assets$73,957$92,758▲ $18,801
Total Net Assets Fund Balance$2,718,496$2,954,103▲ $235,607
Total Liabilities and Net Assets / Fund Balance$5,290,894$5,236,733▼ $54,161

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,354,924$755,505$4,110,429
Land$421,170-$421,170
Equipment$223,123$169,962$393,085
Other Land Buildings$56,289$13,701$69,990
Leasehold Improvements$61,492-$61,492
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Patrick Ryan KilleenTrusteeFT$18,000$18,000

Board Members and Trustees

NameTitle
Kenneth W Franklin JrPresident
Ken WardTrustee
Lori MikulaTrustee
Marvin PhillipsTrustee
Thomas ManleyTrustee
Jaye TrovillionSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$222,187
Program Service Revenue
$2,342,588
Investment Income
$-2,742
Other Revenue
$0
All Other Contributions
$222,187
Change in Net Assets
$235,607

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,562,033
Revenue Not Reported on Form 990
$5,115
Total Revenue per Audited Statements
$2,567,148
Total Revenue per Form 990
$2,562,033
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,511,603
Other Expenses$814,823
Total Fundraising Expense$4,901
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,493,603--$1,493,603
All Other Expenses$185,881$7,570-$193,451
Depreciation Depletion$162,630--$162,630
Interest$118,374--$118,374
Insurance-$67,667-$67,667
Occupancy$48,626--$48,626
Other Expenses$35,091-$4,901$35,091
Current Officers, Directors, Trustees, and Key Employees$18,000--$18,000
Information Technology$10,689--$10,689
Travel-$4,947-$4,947
Advertising$2,560--$2,560
Office Expenses$1,389$847-$2,236
Total Functional Expenses$2,240,494$81,031$4,901$2,326,426

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,331,541
Expenses per Audited Statements$2,326,426
Total Expenses per Form 990$2,326,426
Expenses Not Reported on Form 990$5,115
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
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

A copy of the tax return is provided to the board of trustees for review before signing and filing.

Form 990, Page 6, Part VI, Line 19

Copies of financial statements and tax returns are maintained by the office manager at the administrative office of the academy and are available upon request.

Filing and Contact Details

Filer

Filer Name
Foundation Christian Academy Inc
EIN
59-3128048
Phone
8136542969
Address
3955 LITHIA PINECREST ROAD, VALRICO, FL 33596-8459

Signing Officer

Name
Kenneth W Franklin Jr
Title
President
Phone
8136542969
Signed
2018-06-06

Organization Details

Principal Officer
Kenneth W Franklin Jr
Formed
1992
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
6
Employees
59

Preparer

Firm
Hamilton & Phillips LLC
Address
3447 BROOK CROSSING DR, BRANDON, FL 33511
Preparer
Laura Phillips CPA
Phone
8136897480
Supplemental Narrative

Additional Explanations

Form 990

Part 1, line 6 volunteers are typically parents of students who assist with office duties, help in the classroom, and help with other events held at the school.

Form 990, Part XI, Line 9

Loss on asset disposal 5,115 loss on asset disposal -5,115

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Loss on asset disposal 5,115

Schedule D, Page 4, Part XII, Line 2D

Loss on asset disposal 5,115

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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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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt069990
IRS990ScheduleD/OtherRevenueAmt05115
IRS990ScheduleD/RevenueNotReportedAmt05115
IRS990ScheduleD/RevenueSubtotalAmt02562033
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LOSS ON ASSET DISPOSAL 5,115
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON ASSET DISPOSAL 5,115
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04116998
IRS990ScheduleD/TotalExpensesPerForm990Amt02326426
IRS990ScheduleD/TotalRevenuePerForm990Amt02562033
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02567148
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02331541
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/ExplanationTxt0USE OF INTERNET ADVERTISING HIGHLIGHTING DIVERSITY OF STUDENT BODY.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PART 1, LINE 6 VOLUNTEERS ARE TYPICALLY PARENTS OF STUDENTS WHO ASSIST WITH OFFICE DUTIES, HELP IN THE CLASSROOM, AND HELP WITH OTHER EVENTS HELD AT THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE TAX RETURN IS PROVIDED TO THE BOARD OF TRUSTEES FOR REVIEW BEFORE SIGNING AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COPIES OF FINANCIAL STATEMENTS AND TAX RETURNS ARE MAINTAINED BY THE OFFICE MANAGER AT THE ADMINISTRATIVE OFFICE OF THE ACADEMY AND ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LOSS ON ASSET DISPOSAL 5,115 LOSS ON ASSET DISPOSAL -5,115
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt073957
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt092758
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05290894
IRS990/TotalAssetsEOYAmt05236733
IRS990/TotalAssetsGrp/BOYAmt05290894
IRS990/TotalAssetsGrp/EOYAmt05236733
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0222187
IRS990/TotalEmployeeCnt059
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04901
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt081031
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02240494
IRS990/TotalFunctionalExpensesGrp/TotalAmt02326426
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02572398
IRS990/TotalLiabilitiesEOYAmt02282630
IRS990/TotalLiabilitiesGrp/BOYAmt02572398
IRS990/TotalLiabilitiesGrp/EOYAmt02282630
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02718496
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02954103
IRS990/TotalProgramServiceExpensesAmt02240494
IRS990/TotalProgramServiceRevenueAmt02342588
IRS990/TotalReportableCompFromOrgAmt018000
IRS990/TotalRevenueGrp/ExclusionAmt02373
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02337473
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02562033
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05290894
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05236733
IRS990/TravelGrp/ManagementAndGeneralAmt04947
IRS990/TravelGrp/TotalAmt04947
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02644539
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02861345
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05841 AUDUBON MANOR BLVD
IRS990/USAddress/CityNm0LITHIA
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033547
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.FOUNDATIONCHRISTIANACADEMY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KENNETH W FRANKLIN JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08136542969
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-06-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOUNDATION CHRISTIAN ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0593128048
ReturnHeader/Filer/PhoneNum08136542969
ReturnHeader/Filer/USAddress/AddressLine1Txt03955 LITHIA PINECREST ROAD
ReturnHeader/Filer/USAddress/CityNm0VALRICO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd0335968459
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0AFB5F2223C4B292A982AB18322EFE325887FE94D
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B3378FDA7FD6FCE78EA220F1EB933BEC585536A3
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02019-06-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm010:46:38
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0592479783
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HAMILTON & PHILLIPS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03447 BROOK CROSSING DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BRANDON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033511
ReturnHeader/PreparerPersonGrp/PhoneNum08136897480
ReturnHeader/PreparerPersonGrp/PreparationDt02019-06-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAURA PHILLIPS CPA
ReturnHeader/ReturnTs02019-06-12T10:46:38-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-08-01
ReturnHeader/TaxPeriodEndDt02018-07-31
ReturnHeader/TaxYr02017

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.$9.42$0.56$8.86$5.08$4.42$0.66
2024Detailed filing. Detailed filing data is available for this year.$8.57$0.76$7.81$4.44$3.38$1.05
2023Detailed filing. Detailed filing data is available for this year.$7.72$0.97$6.75$4.06$3.22$0.84
2022Detailed filing. Detailed filing data is available for this year.$7.08$1.17$5.91$4.13$2.86$1.27
2021Detailed filing. Detailed filing data is available for this year.$6.01$1.37$4.64$3.23$2.51$0.72
2020Detailed filing. Detailed filing data is available for this year.$5.77$1.86$3.92$3.17$2.53$0.63
2019Summary only. Only limited summary data is available for this year.$5.18$1.90$3.29$2.89$2.56$0.33
2018Detailed filing. Detailed filing data is available for this year.$5.24$2.28$2.95$2.56$2.33$0.24
2017Detailed filing. Detailed filing data is available for this year.$5.29$2.57$2.72$2.53$2.25$0.28
2016Detailed filing. Detailed filing data is available for this year.$4.73$2.29$2.44$2.40$1.64$0.76
2015Detailed filing. Detailed filing data is available for this year.$2.59$0.91$1.68$1.78$1.33$0.46
2014Detailed filing. Detailed filing data is available for this year.$2.20$0.98$1.22$1.46$1.20$0.26
2013Summary only. Only limited summary data is available for this year.$2.02$1.06$0.96$1.32$1.13$0.20
2012Summary only. Only limited summary data is available for this year.$1.87$1.10$0.77$1.19$1.04$0.15
2011Summary only. Only limited summary data is available for this year.$1.78$1.16$0.61$1.17$1.00$0.16