Civic Intelligence

Reading Edge Academy Inc.

990 • Fiscal year 2018 • EIN 59-3455253

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 17, 2018

Organization ProfileWWW.READINGEDGEACADEMY.ORG

View Organization Page

2975 Enterprise RdDebary, FL 32713

(386) 668-8911

Siviq Scores

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

Liabilities / Assets

66th percentile

0.33x

Higher debt load relative to assets than 66% of similar nonprofits.

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

Liabilities / Revenue

72nd percentile

0.48x

Higher debt load relative to revenue than 72% of similar nonprofits.

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

Net Margin

61st percentile

7.0%

Higher net margin than 61% of similar nonprofits.

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

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

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

Asset Growth

56th percentile

3.2%

Faster asset growth than 56% of similar nonprofits.

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

Revenue Growth

53rd percentile

4.8%

Faster revenue growth than 53% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets66th percentile

Assets

$6,816,241

No earlier filing loaded for comparison.

Net Assets

$4,573,992

No earlier filing loaded for comparison.

Liabilities

$2,242,249

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin61st percentile

Revenue

$4,660,186

No earlier filing loaded for comparison.

Expenses

$4,335,367

No earlier filing loaded for comparison.

Net Income

$324,819

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2018: $6,816,241Liabilities 2018: $2,242,249Net Assets 2018: $4,573,9922018Assets 2019: $6,844,746Liabilities 2019: $2,196,846Net Assets 2019: $4,647,9002019Assets 2020: $6,432,623Liabilities 2020: $1,991,988Net Assets 2020: $4,440,6352020Assets 2021: $6,194,209Liabilities 2021: $1,880,797Net Assets 2021: $4,313,4122021Assets 2022: $6,200,470Liabilities 2022: $1,828,572Net Assets 2022: $4,371,8982022Assets 2025: $5,584,226Liabilities 2025: $1,408,982Net Assets 2025: $4,175,2442025

Highlighted filing

2018

Assets$6,816,241
Liabilities$2,242,249
Net Assets$4,573,992
Open 2018 Filing

Operations Trend

Revenue Growth53rd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2018: $4,660,186Expenses 2018: $4,335,367Net Income 2018: $324,8192018Revenue 2019: $4,537,015Expenses 2019: $4,463,107Net Income 2019: $73,9082019Revenue 2020: $4,086,904Expenses 2020: $4,294,169Net Income 2020: -$207,2652020Revenue 2021: $4,347,791Expenses 2021: $4,475,014Net Income 2021: -$127,2232021Revenue 2022: $4,846,330Expenses 2022: $4,787,844Net Income 2022: $58,4862022Revenue 2025: $5,096,099Expenses 2025: $5,005,359Net Income 2025: $90,7402025

Highlighted filing

2018

Revenue$4,660,186
Expenses$4,335,367
Net Income$324,819
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 17, 2018
Return Version
2017v2.3
Gross Receipts
$4,660,186
Mission and Program Overview

Mission

The school is a not for profit public charter elementary school that emphasizes reading education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,573,211$5,385,102▼ $188,109
Cash and Non-Interest-Bearing Accounts$548,242$896,376▲ $348,134
Savings and Temporary Cash Investments$411,974$519,092▲ $107,118
Prepaid Expenses and Deferred Charges$42,708--
Accounts Receivable$13,169--
Inventories for Sale or Use$6,811$7,421▲ $610
Total Assets$6,604,365$6,816,241▲ $211,876
Other Assets Total$8,250$8,250→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,210,722$2,107,771▼ $102,951
Accounts Payable and Accrued Expenses$144,470$134,478▼ $9,992
Total Liabilities$2,355,192$2,242,249▼ $112,943
Net Assets / Fund Balance
Unrestricted Net Assets$4,249,173$4,573,992▲ $324,819
Total Net Assets Fund Balance$4,249,173$4,573,992▲ $324,819
Total Liabilities and Net Assets / Fund Balance$6,604,365$6,816,241▲ $211,876

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,558,114$1,817,063$6,375,177
Land$703,616-$703,616
Equipment$32,320$199,359$231,679
Other Land Buildings$91,052$74,796$165,848
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Arlene LoweryChair
Michael CaldwellVice-chair
Gerald KruhmMember
Darlene GravenmierSecretary
Marianne StanleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,140,676
Program Service Revenue
$515,087
Investment Income
$2,873
Other Revenue
$1,550
All Other Contributions
$16,691
Change in Net Assets
$324,819

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,660,186
Total Revenue per Audited Statements
$4,660,186
Total Revenue per Form 990
$4,660,186
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,910,038
Other Expenses$1,425,329
Total Fundraising Expense$3,912
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,914,546$593,492-$2,508,038
Occupancy$324,021$36,003-$360,024
All Other Expenses$155,204$91,589-$246,793
Depreciation Depletion$202,940$35,147$3,912$241,999
Payroll Taxes$146,509$43,801-$190,310
Other Employee Benefits$118,229$30,579-$148,808
Interest$104,548$11,617-$116,165
Pension Plan Contributions$36,247$26,635-$62,882
Other Expenses$57,340--$57,340
Insurance$38,437$4,271-$42,708
Fees for Services Accounting-$41,873-$41,873
Information Technology$10,854--$10,854
Office Expenses$98$280-$378
Total Functional Expenses$3,416,168$915,287$3,912$4,335,367

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,335,367
Total Expenses per Audited Statements$4,335,367
Total Expenses per Form 990$4,335,367
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
Yes
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
Yes
Other officer compensation reviewed
Yes
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 finance manager reviews the form 990 and presents it during a board meeting. The directors are given the chance to review and ask questions regarding the form 990. An officer signs the form 990.”

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

“The board reviews and approves the yearly compensation of the principal. Management has compared the proposed principal's salary to similiar positions in this area prior to the board review.”

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

“No officer receives compensation as part of his/her duties as an officer. The key employee is the principal-process described in 15(a).”

Form 990, Page 6, Part VI, Line 19

“The school provides governing documents and financial statements to the public upon request. The financial statements are also available as a component unit of the volusia county school district. The financial statements are available on the school's website at www.readingedgeacademy.org”

Filing and Contact Details

Filer

Filer Name
Reading Edge Academy Inc
EIN
59-3455253
Phone
3866688911
Address
2975 ENTERPRISE RD, DEBARY, FL 32713

Signing Officer

Name
Arlene Lowery
Title
Chair
Phone
3866688911
Signed
2018-12-17

Organization Details

Principal Officer
Arlene Lowery
Formed
1997
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
6
Employees
100
Volunteers
255

Preparer

Firm
Dreggors Rigsby & Teal Pa
Address
1006 N WOODLAND BLVD, DELAND, FL 32720-2769
Preparer
Ronald J Cantlay
Phone
3867349441
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Volunteers provide hours for parent-teacher organization projects and other school related instructional support.”

Raw XML Appendix377 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0144470
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0134478
IRS990/AccountsReceivableGrp/BOYAmt013169
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE SCHOOL IS A NOT FOR PROFIT PUBLIC CHARTER ELEMENTARY SCHOOL THAT EMPHASIZES READING EDUCATION.
IRS990/AllOtherContributionsAmt016691
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt091589
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0155204
IRS990/AllOtherExpensesGrp/TotalAmt0246793
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0MARGARET COMARDO
IRS990/BooksInCareOfDetail/PhoneNum03866688443
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02975 ENTERPRISE RD
IRS990/BooksInCareOfDetail/USAddress/CityNm0DEBARY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd032713
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0548242
IRS990/CashNonInterestBearingGrp/EOYAmt0896376
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt04140676
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt02873
IRS990/CYOtherExpensesAmt01425329
IRS990/CYOtherRevenueAmt01550
IRS990/CYProgramServiceRevenueAmt0515087
IRS990/CYRevenuesLessExpensesAmt0324819
IRS990/CYSalariesCompEmpBnftPaidAmt02910038
IRS990/CYTotalExpensesAmt04335367
IRS990/CYTotalFundraisingExpenseAmt03912
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04660186
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt03912
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt035147
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0202940
IRS990/DepreciationDepletionGrp/TotalAmt0241999
IRS990/Desc0READING EDGE SERVED 529 STUDENTS IN TWO LOCATIONS DURING THE SCHOOL YEAR.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0100
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt03416168
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt041873
IRS990/FeesForServicesAccountingGrp/TotalAmt041873
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0GERALD KRUHM
IRS990/Form990PartVIISectionAGrp/PersonNm1MICHAEL CALDWELL
IRS990/Form990PartVIISectionAGrp/PersonNm2ARLENE LOWERY
IRS990/Form990PartVIISectionAGrp/PersonNm3DARLENE GRAVENMIER
IRS990/Form990PartVIISectionAGrp/PersonNm4MARIANNE STANLEY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt04123985
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt04660186
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt06
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt010854
IRS990/InformationTechnologyGrp/TotalAmt010854
IRS990/InsuranceGrp/ManagementAndGeneralAmt04271
IRS990/InsuranceGrp/ProgramServicesAmt038437
IRS990/InsuranceGrp/TotalAmt042708
IRS990/InterestGrp/ManagementAndGeneralAmt011617
IRS990/InterestGrp/ProgramServicesAmt0104548
IRS990/InterestGrp/TotalAmt0116165
IRS990/InventoriesForSaleOrUseGrp/BOYAmt06811
IRS990/InventoriesForSaleOrUseGrp/EOYAmt07421
IRS990/InvestmentIncomeGrp/ExclusionAmt02873
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02873
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02091218
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05573211
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05385102
IRS990/LandBldgEquipCostOrOtherBssAmt07476320
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE SCHOOL IS A NOT FOR PROFIT PUBLIC CHARTER ELEMENTARY SCHOOL THAT EMPHASIZES READING EDUCATION.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02210722
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02107771
IRS990/NetAssetsOrFundBalancesBOYAmt04249173
IRS990/NetAssetsOrFundBalancesEOYAmt04573992
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt036003
IRS990/OccupancyGrp/ProgramServicesAmt0324021
IRS990/OccupancyGrp/TotalAmt0360024
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0280
IRS990/OfficeExpensesGrp/ProgramServicesAmt098
IRS990/OfficeExpensesGrp/TotalAmt0378
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08250
IRS990/OtherAssetsTotalGrp/EOYAmt08250
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt030579
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0118229
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0148808
IRS990/OtherExpensesGrp/Desc0FOOD SERVICES
IRS990/OtherExpensesGrp/Desc1FEFP ADMIN FEE
IRS990/OtherExpensesGrp/Desc2SPEECH/LANGUAGE THERAPY
IRS990/OtherExpensesGrp/Desc3NON-MAJOR PROGRAMS
IRS990/OtherExpensesGrp/ProgramServicesAmt0121413
IRS990/OtherExpensesGrp/ProgramServicesAmt1107822
IRS990/OtherExpensesGrp/ProgramServicesAmt277960
IRS990/OtherExpensesGrp/ProgramServicesAmt357340
IRS990/OtherExpensesGrp/TotalAmt0121413
IRS990/OtherExpensesGrp/TotalAmt1107822
IRS990/OtherExpensesGrp/TotalAmt277960
IRS990/OtherExpensesGrp/TotalAmt357340
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt01550
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01550
IRS990/OtherRevenueTotalAmt01550
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0593492
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01914546
IRS990/OtherSalariesAndWagesGrp/TotalAmt02508038
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt043801
IRS990/PayrollTaxesGrp/ProgramServicesAmt0146509
IRS990/PayrollTaxesGrp/TotalAmt0190310
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt026635
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt036247
IRS990/PensionPlanContributionsGrp/TotalAmt062882
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt042708
IRS990/PrincipalOfficerNm0ARLENE LOWERY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT LUNCHES
IRS990/ProgramServiceRevenueGrp/Desc1SCHOOL AGE CHILD CARE
IRS990/ProgramServiceRevenueGrp/Desc2PTA FUND RAISING
IRS990/ProgramServiceRevenueGrp/Desc3BOOK FAIR
IRS990/ProgramServiceRevenueGrp/Desc4UNIFORMS
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0202285
IRS990/ProgramServiceRevenueGrp/ExclusionAmt1188465
IRS990/ProgramServiceRevenueGrp/ExclusionAmt252226
IRS990/ProgramServiceRevenueGrp/ExclusionAmt322366
IRS990/ProgramServiceRevenueGrp/ExclusionAmt421415
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0202285
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1188465
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt252226
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt322366
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt421415
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03964490
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02129
IRS990/PYOtherExpensesAmt01441008
IRS990/PYOtherRevenueAmt05622
IRS990/PYProgramServiceRevenueAmt0473233
IRS990/PYRevenuesLessExpensesAmt0169140
IRS990/PYSalariesCompEmpBnftPaidAmt02835326
IRS990/PYTotalExpensesAmt04276334
IRS990/PYTotalRevenueAmt04445474
IRS990/ReconcilationRevenueExpnssAmt0324819
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0411974
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0519092
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt04558114
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01817063
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06375177
IRS990ScheduleD/EquipmentGrp/BookValueAmt032320
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0199359
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0231679
IRS990ScheduleD/ExpensesSubtotalAmt04335367
IRS990ScheduleD/LandGrp/BookValueAmt0703616
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0703616
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt091052
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt074796
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0165848
IRS990ScheduleD/RevenueSubtotalAmt04660186
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05385102
IRS990ScheduleD/TotalExpensesPerForm990Amt04335367
IRS990ScheduleD/TotalRevenuePerForm990Amt04660186
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04660186
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04335367
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY'S CHARTER WITH THE SCHOOL BOARD OF VOLUSIA COUNTY, FLORIDA STATES THAT THERE IS A NONDISCRIMINATORY POLICY. THIS CHARTER IS PART OF THE PUBLIC RECORDS OF VOLUSIA COUNTY. THE ACADEMY ALSO ADVERTISES IN LOCAL PAPERS, CHURCHES AND PUBLIC PLACES.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ACADEMY IS A COMPONENT OF THE SCHOOL BOARD OF VOLUSIA COUNTY, FL. AND RECEIVES THE MAJORITY OF IT'S FINANCING FROM THIS GOVERNMENTAL BODY.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOLUNTEERS PROVIDE HOURS FOR PARENT-TEACHER ORGANIZATION PROJECTS AND OTHER SCHOOL RELATED INSTRUCTIONAL SUPPORT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FINANCE MANAGER REVIEWS THE FORM 990 AND PRESENTS IT DURING A BOARD MEETING. THE DIRECTORS ARE GIVEN THE CHANCE TO REVIEW AND ASK QUESTIONS REGARDING THE FORM 990. AN OFFICER SIGNS THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS AND APPROVES THE YEARLY COMPENSATION OF THE PRINCIPAL. MANAGEMENT HAS COMPARED THE PROPOSED PRINCIPAL'S SALARY TO SIMILIAR POSITIONS IN THIS AREA PRIOR TO THE BOARD REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO OFFICER RECEIVES COMPENSATION AS PART OF HIS/HER DUTIES AS AN OFFICER. THE KEY EMPLOYEE IS THE PRINCIPAL-PROCESS DESCRIBED IN 15(A).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE SCHOOL PROVIDES GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE AS A COMPONENT UNIT OF THE VOLUSIA COUNTY SCHOOL DISTRICT. THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE SCHOOL'S WEBSITE AT WWW.READINGEDGEACADEMY.ORG
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
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 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06604365
IRS990/TotalAssetsEOYAmt06816241
IRS990/TotalAssetsGrp/BOYAmt06604365
IRS990/TotalAssetsGrp/EOYAmt06816241
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt04140676
IRS990/TotalEmployeeCnt0100
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03912
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0915287
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03416168
IRS990/TotalFunctionalExpensesGrp/TotalAmt04335367
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02355192
IRS990/TotalLiabilitiesEOYAmt02242249
IRS990/TotalLiabilitiesGrp/BOYAmt02355192
IRS990/TotalLiabilitiesGrp/EOYAmt02242249
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04249173
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04573992
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt028330
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt028330
IRS990/TotalProgramServiceExpensesAmt03416168
IRS990/TotalProgramServiceRevenueAmt0515087
IRS990/TotalRevenueGrp/ExclusionAmt0519510
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04660186
IRS990/TotalVolunteersCnt0255
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06604365
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06816241
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt04249173
IRS990/UnrestrictedNetAssetsGrp/EOYAmt04573992
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.READINGEDGEACADEMY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ARLENE LOWERY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum03866688911
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-12-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0READING EDGE ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0READ
ReturnHeader/Filer/EIN0593455253
ReturnHeader/Filer/PhoneNum03866688911
ReturnHeader/Filer/USAddress/AddressLine1Txt02975 ENTERPRISE RD
ReturnHeader/Filer/USAddress/CityNm0DEBARY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032713
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0BD83F208E50ECB6BA5E9F858BA6D90CF5A23842C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId014094BF5DBCF2155FDFCDC8DA18FA0CF127F419A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt072.17.39.250
ReturnHeader/FilingSecurityInformation/IPDt02019-01-30
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm017:08:30
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0593623200
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DREGGORS RIGSBY & TEAL PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01006 N WOODLAND BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DELAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0327202769
ReturnHeader/PreparerPersonGrp/PhoneNum03867349441
ReturnHeader/PreparerPersonGrp/PreparationDt02018-12-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RONALD J CANTLAY
ReturnHeader/ReturnTs02019-01-30T17:08:30-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,816,241
Liabilities
$2,242,249
Net assets
$4,573,992
Revenue
$4,660,186
Expenses
$4,335,367
Net income
$324,819
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.58$1.41$4.18$5.10$5.01$0.09
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.20$1.83$4.37$4.85$4.79$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.19$1.88$4.31$4.35$4.48$0.13
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.43$1.99$4.44$4.09$4.29$0.21
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.84$2.20$4.65$4.54$4.46$0.07
2018Detailed filing. Detailed filing data is available for this year.$6.82$2.24$4.57$4.66$4.34$0.32