Civic Intelligence

The Learning Academy Inc.

990 • Fiscal year 2020 • EIN 59-3474436

Jul 01, 2019 to Jun 30, 2020 • Filed on Mar 22, 2020

Organization ProfileWWW.LASRCRUSADERS.ORG

View Organization Page

101-a Business Centre DriveMiramar Beach, FL 32550

(850) 314-6571

Siviq Scores

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

Liabilities / Assets

84th percentile

0.59x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

84th percentile

0.88x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

56th percentile

8.4%

Higher net margin than 56% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

53rd percentile

7.1%

Faster asset growth than 53% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

31st percentile

-11%

Faster revenue growth than 31% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$1,707,352

Up $113,118 (+7.1%) from 2019

Net Assets

Up

$694,079

Up $96,768 (+16%) from 2019

Liabilities

Up

$1,013,273

Up $16,350 (+1.6%) from 2019

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin56th percentile

Revenue

Down

$1,153,793

Down $148,335 (-11%) from 2019

Expenses

Down

$1,057,025

Down $293,454 (-22%) from 2019

Net Income

Up

$96,768

Up $145,119 (+300%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $336,739Liabilities 2010: $90,474Net Assets 2010: $246,2652010Assets 2011: $365,741Liabilities 2011: $85,718Net Assets 2011: $280,0232011Assets 2012: $336,315Liabilities 2012: $80,311Net Assets 2012: $256,0042012Assets 2013: $327,698Liabilities 2013: $60,441Net Assets 2013: $267,2572013Assets 2014: $383,764Liabilities 2014: $25,791Net Assets 2014: $357,9732014Assets 2015: $641,154Liabilities 2015: $9,887Net Assets 2015: $631,2672015Assets 2016: $959,704Liabilities 2016: $336,547Net Assets 2016: $623,1572016Assets 2017: $1,740,773Liabilities 2017: $1,157,425Net Assets 2017: $583,3482017Assets 2018: $1,716,881Liabilities 2018: $1,071,219Net Assets 2018: $645,6622018Assets 2019: $1,594,234Liabilities 2019: $996,923Net Assets 2019: $597,3112019Assets 2020: $1,707,352Liabilities 2020: $1,013,273Net Assets 2020: $694,0792020Assets 2021: $1,567,518Liabilities 2021: $783,339Net Assets 2021: $784,1792021Assets 2022: $1,684,384Liabilities 2022: $691,375Net Assets 2022: $993,0092022Assets 2023: $1,946,301Liabilities 2023: $597,200Net Assets 2023: $1,349,1012023Assets 2024: $1,821,698Liabilities 2024: $500,661Net Assets 2024: $1,321,0372024Assets 2025: $1,388,047Liabilities 2025: $388,895Net Assets 2025: $999,1522025

Highlighted filing

2020

Assets$1,707,352
Liabilities$1,013,273
Net Assets$694,079
Open 2020 Filing

Operations Trend

Revenue Growth31st percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $831,3342010Expenses 2011: $816,6542011Expenses 2012: $758,1572012Revenue 2013: $751,478Expenses 2013: $740,225Net Income 2013: $11,2532013Revenue 2014: $917,539Expenses 2014: $826,823Net Income 2014: $90,7162014Revenue 2015: $1,364,468Expenses 2015: $1,091,174Net Income 2015: $273,2942015Revenue 2016: $1,539,112Expenses 2016: $1,547,222Net Income 2016: -$8,1102016Revenue 2017: $1,426,705Expenses 2017: $1,466,514Net Income 2017: -$39,8092017Revenue 2018: $1,470,710Expenses 2018: $1,408,396Net Income 2018: $62,3142018Revenue 2019: $1,302,128Expenses 2019: $1,350,479Net Income 2019: -$48,3512019Revenue 2020: $1,153,793Expenses 2020: $1,057,025Net Income 2020: $96,7682020Revenue 2021: $1,098,183Expenses 2021: $1,008,083Net Income 2021: $90,1002021Revenue 2022: $1,243,968Expenses 2022: $1,035,138Net Income 2022: $208,8302022Revenue 2023: $1,547,124Expenses 2023: $1,191,028Net Income 2023: $356,0962023Revenue 2024: $1,123,642Expenses 2024: $1,151,706Net Income 2024: -$28,0642024Revenue 2025: $782,640Expenses 2025: $1,104,525Net Income 2025: -$321,8852025

Highlighted filing

2020

Revenue$1,153,793
Expenses$1,057,025
Net Income$96,768
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Mar 22, 2020
Return Version
2019v5.0
Gross Receipts
$1,153,793
Mission and Program Overview

Mission

Operates charter and contract schools providing education services for at- risk students grades 6-12

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,469,893$1,396,408▼ $73,485
Cash and Non-Interest-Bearing Accounts$82,681$304,141▲ $221,460
Accounts Receivable$41,660$6,803▼ $34,857
Total Assets$1,594,234$1,707,352▲ $113,118
Liabilities
Unsecured Notes Loans Payable$989,353$1,012,292▲ $22,939
Accounts Payable and Accrued Expenses$7,570$981▼ $6,589
Total Liabilities$996,923$1,013,273▲ $16,350
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$597,311$686,562▲ $89,251
Net Assets With Donor Restrictions-$7,517-
Total Net Assets Fund Balance$597,311$694,079▲ $96,768
Total Liabilities and Net Assets / Fund Balance$1,594,234$1,707,352▲ $113,118

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,095,887$167,347$1,263,234
Leasehold Improvements$74,409$242,026$316,435
Land$185,000-$185,000
Equipment$24,131$95,827$119,958
Other Land Buildings$16,981$24,363$41,344
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Robin KingBoard Chair
Don Lewis Lynn JrBoard Member
Dr Cheryl PerryBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$1,151,593
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$2,200
All Other Contributions
$9,791
Change in Net Assets
$96,768

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,153,793
Total Revenue per Audited Statements
$1,153,793
Total Revenue per Form 990
$1,153,793
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$561,948
Other Expenses$495,077
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$242,022$218,761-$460,783
Fees for Services Management-$175,500-$175,500
Depreciation Depletion$8,813$68,866-$77,679
Other Employee Benefits$37,629$26,431-$64,060
Occupancy-$56,258-$56,258
Information Technology$1,614$34,606-$36,220
Payroll Taxes$18,926$16,119-$35,045
Insurance-$33,718-$33,718
Fees for Services Other$10,580$10,335-$20,915
Interest-$20,044-$20,044
Other Expenses$7,329$18-$7,347
Fees for Services Accounting-$7,000-$7,000
All Other Expenses$241$5,076-$5,317
Travel-$2,915-$2,915
Pension Plan Contributions-$2,060-$2,060
Office Expenses$174$1,483-$1,657
Total Functional Expenses$346,064$710,961$0$1,057,025

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,057,025
Total Expenses per Audited Statements$1,057,025
Total Expenses per Form 990$1,057,025
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“The board of directors has delegated certain administrative functions of management to the rader group. The board continues to be vested with ultimate managerial control on all matters involving the school.”

Form 990, Page 6, Part VI, Line 11B

“A draft copy of the return is reviewed by the board prior to filing with the irs.”

Form 990, Page 6, Part VI, Line 12C

“All purchases require authorization from both the director and the cfo, which includes a review of any potential conflicts of interest.”

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

“Compensation is approved by the board.”

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

“Compensation is approved by the board.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Learning Academy Inc
EIN
59-3474436
Phone
8503146571
Address
101-A BUSINESS CENTRE DRIVE, MIRAMAR BEACH, FL 32550

Signing Officer

Name
Dr Cheryl Perry
Title
Board Member
Phone
8503146571
Signed
2020-03-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Cheryl Perry
Formed
2000
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
32
Volunteers
10

Preparer

Firm
Mcdonough CPA Solutions Pa
Address
445 W MERRITT AVE, MERRITT ISLAND, FL 32953-4760
Preparer
Heather K Mcdonough CPA
Phone
3214536256
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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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IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE POLICIES ARE PUBLISHED IN SCHOOL HANDBOOKS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1FUNDING IS CURRENTLY PROVIDED BY CONTRACTS WITH THE COUNTY SCHOOL DISTRICTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS HAS DELEGATED CERTAIN ADMINISTRATIVE FUNCTIONS OF MANAGEMENT TO THE RADER GROUP. THE BOARD CONTINUES TO BE VESTED WITH ULTIMATE MANAGERIAL CONTROL ON ALL MATTERS INVOLVING THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT COPY OF THE RETURN IS REVIEWED BY THE BOARD PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL PURCHASES REQUIRE AUTHORIZATION FROM BOTH THE DIRECTOR AND THE CFO, WHICH INCLUDES A REVIEW OF ANY POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION IS APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01594234
IRS990/TotalAssetsEOYAmt01707352
IRS990/TotalAssetsGrp/BOYAmt01594234
IRS990/TotalAssetsGrp/EOYAmt01707352
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01151593
IRS990/TotalEmployeeCnt032
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0710961
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0346064
IRS990/TotalFunctionalExpensesGrp/TotalAmt01057025
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0996923
IRS990/TotalLiabilitiesEOYAmt01013273
IRS990/TotalLiabilitiesGrp/BOYAmt0996923
IRS990/TotalLiabilitiesGrp/EOYAmt01013273
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0597311
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0694079
IRS990/TotalProgramServiceExpensesAmt0346064
IRS990/TotalRevenueGrp/ExclusionAmt01000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01200
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01153793
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01594234
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01707352
IRS990/TravelGrp/ManagementAndGeneralAmt02915
IRS990/TravelGrp/TotalAmt02915
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0989353
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt01012292
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05880 STEWART STREET
IRS990/USAddress/CityNm0MILTON
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032570
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.LASRCRUSADERS.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DR CHERYL PERRY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD MEMBER
ReturnHeader/BusinessOfficerGrp/PhoneNum08503146571
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-03-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEARNING ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0LEAR
ReturnHeader/Filer/EIN0593474436
ReturnHeader/Filer/PhoneNum08503146571
ReturnHeader/Filer/USAddress/AddressLine1Txt0101-A BUSINESS CENTRE DRIVE
ReturnHeader/Filer/USAddress/CityNm0MIRAMAR BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032550
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0471601171
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCDONOUGH CPA SOLUTIONS PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0445 W MERRITT AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MERRITT ISLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0329534760
ReturnHeader/PreparerPersonGrp/PhoneNum03214536256
ReturnHeader/PreparerPersonGrp/PreparationDt02021-03-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HEATHER K MCDONOUGH CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-03-31T09:14:20-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,707,352
Liabilities
$1,013,273
Net assets
$694,079
Revenue
$1,153,793
Expenses
$1,057,025
Net income
$96,768
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.39$0.39$1.00$0.78$1.10$0.32
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.82$0.50$1.32$1.12$1.15$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.95$0.60$1.35$1.55$1.19$0.36
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.68$0.69$0.99$1.24$1.04$0.21
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.57$0.78$0.78$1.10$1.01$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.71$1.01$0.69$1.15$1.06$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.59$1.00$0.60$1.30$1.35$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.72$1.07$0.65$1.47$1.41$0.06
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.74$1.16$0.58$1.43$1.47$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.96$0.34$0.62$1.54$1.55$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.64$0.01$0.63$1.36$1.09$0.27
2014Detailed filing. Detailed filing data is available for this year.$0.38$0.03$0.36$0.92$0.83$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.06$0.27$0.75$0.74$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.08$0.26$0.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.09$0.28$0.82
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.09$0.25$0.83