Civic Intelligence

Learning Gate Community School Inc

990 • Fiscal year 2015 • EIN 59-3623928

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 21, 2015

16215 Hanna RdLutz, FL 33549

(813) 948-4190

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.07x

Higher debt load relative to assets than 93% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

83rd percentile

1.21x

Higher debt load relative to revenue than 83% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

25th percentile

-4.4%

Higher net margin than 25% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

16th percentile

-6.5%

Faster asset growth than 16% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

44th percentile

1.7%

Faster revenue growth than 44% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Down

$6,592,860

Down $461,334 (-6.5%) from 2014

Net Assets

Down

-$471,315

Down $254,878 (-118%) from 2014

Liabilities

Down

$7,064,175

Down $206,456 (-2.8%) from 2014

Revenue

Up

$5,822,750

Up $95,180 (+1.7%) from 2014

Expenses

Up

$6,077,628

Up $308,819 (+5.4%) from 2014

Net Income

Down

-$254,878

Down $213,639 (-518%) from 2014

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2011: $7,872,852Liabilities 2011: $7,229,074Net Assets 2011: $643,7782011Assets 2012: $7,779,178Liabilities 2012: $7,321,843Net Assets 2012: $457,3352012Assets 2013: $7,667,598Liabilities 2013: $7,438,397Net Assets 2013: $229,2012013Assets 2014: $7,054,194Liabilities 2014: $7,270,631Net Assets 2014: -$216,4372014Assets 2015: $6,592,860Liabilities 2015: $7,064,175Net Assets 2015: -$471,3152015Assets 2016: $8,068,511Liabilities 2016: $8,091,691Net Assets 2016: -$23,1802016Assets 2017: $8,004,898Liabilities 2017: $7,785,478Net Assets 2017: $219,4202017Assets 2018: $16,562,519Liabilities 2018: $16,209,897Net Assets 2018: $352,6222018Assets 2019: $10,258,489Liabilities 2019: $9,801,545Net Assets 2019: $456,9442019Assets 2020: $10,951,217Liabilities 2020: $10,510,230Net Assets 2020: $440,9872020Assets 2021: $10,660,323Liabilities 2021: $9,527,534Net Assets 2021: $1,132,7892021Assets 2022: $10,359,235Liabilities 2022: $9,491,295Net Assets 2022: $867,9402022Assets 2023: $10,306,995Liabilities 2023: $9,246,175Net Assets 2023: $1,060,8202023Assets 2024: $10,286,145Liabilities 2024: $9,094,130Net Assets 2024: $1,192,0152024

Highlighted filing

2015

Assets$6,592,860
Liabilities$7,064,175
Net Assets-$471,315

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2011: $4,414,3022011Expenses 2012: $5,309,7812012Expenses 2013: $5,379,5162013Revenue 2014: $5,727,570Expenses 2014: $5,768,809Net Income 2014: -$41,2392014Revenue 2015: $5,822,750Expenses 2015: $6,077,628Net Income 2015: -$254,8782015Revenue 2016: $6,131,218Expenses 2016: $5,683,083Net Income 2016: $448,1352016Revenue 2017: $6,131,549Expenses 2017: $5,888,949Net Income 2017: $242,6002017Revenue 2018: $6,347,022Expenses 2018: $6,213,820Net Income 2018: $133,2022018Revenue 2019: $6,668,465Expenses 2019: $6,564,143Net Income 2019: $104,3222019Revenue 2020: $6,647,461Expenses 2020: $6,663,418Net Income 2020: -$15,9572020Revenue 2021: $7,477,406Expenses 2021: $6,785,604Net Income 2021: $691,8022021Revenue 2022: $7,329,770Expenses 2022: $7,594,619Net Income 2022: -$264,8492022Revenue 2023: $8,197,261Expenses 2023: $8,004,381Net Income 2023: $192,8802023Revenue 2024: $8,261,932Expenses 2024: $8,130,737Net Income 2024: $131,1952024

Highlighted filing

2015

Revenue$5,822,750
Expenses$6,077,628
Net Income-$254,878
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 21, 2015
Return Version
2014v5.0
Gross Receipts
$5,822,750
Mission and Program Overview

Mission

To promote academic excellence, community service and environmental responsibility through family & community partnerships.

To prepare students to successfully participate in their family, school, community, and workplace through an educational program that promotes academic excellence, improves social skills, and stimulates students to be lifelong learners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,157,642$4,967,474▼ $190,168
Investments in Publicly Traded Securities$1,439,516$1,461,046▲ $21,530
Rtn Earn Endowment Incm Other Fnds$1,568,162$1,330,455▼ $237,707
Cash and Non-Interest-Bearing Accounts$365,113$137,684▼ $227,429
Accounts Receivable$29,675$21,181▼ $8,494
Prepaid Expenses and Deferred Charges$62,248$5,475▼ $56,773
Pd in Cap Srpls Land Bldg Eqp Fund$-1,784,599$-1,801,770▼ $17,171
Total Assets$7,054,194$6,592,860▼ $461,334
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,999,014$6,770,868▼ $228,146
Accounts Payable and Accrued Expenses$271,617$293,307▲ $21,690
Total Liabilities$7,270,631$7,064,175▼ $206,456
Net Assets / Fund Balance
Total Net Assets Fund Balance$-216,437$-471,315▼ $254,878
Total Liabilities and Net Assets / Fund Balance$7,054,194$6,592,860▼ $461,334

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,163,473$1,829,273-
Other Land Buildings$128,711--
Land$572,000--
Equipment$75,588$336,561-
Leasehold Improvements$27,702$132,806-
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
AdpEmployee Leasing10200 SW 72ND ST, Miami, FL 33173$3,735,382
Revenue and Support

Revenue Composition

Contributions and Grants
$62,130
Program Service Revenue
$5,411,029
Investment Income
$0
Other Revenue
$349,591
Change in Net Assets
$-254,878
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,077,628
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$1,159,380$0$0$1,159,380
Other Expenses$435,007$435,007$0$870,014
Interest$432,522$0$0$432,522
Depreciation Depletion$321,347$0$0$321,347
Total Functional Expenses$5,590,437$487,191$0$6,077,628
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
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
ALearning Gate Community School2007-08-30$7,475,000purchase land and building
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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
No
Filing and Contact Details

Filer

Filer Name
Learning Gate Community School Inc
EIN
59-3623928
Phone
8139484190
Address
16215 HANNA RD, LUTZ, FL 33549

Signing Officer

Name
Brian Erickson
Title
Chairman
Phone
8139484190
Signed
2015-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Erickson
Formed
1998
Legal Domicile
Fl
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
20

Preparer

Firm
Robert Walker CPA PA
Address
2803 W Busch Blvd Ste 106, Tampa, FL 33618
Preparer
Robert Walker CPA
Phone
8136248643
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The 990 is prepared by an independent cpa firm and a draft is provided to the finance committee for review. The final 990 is provided to the Board for approval.

Pt VI, Line 12C

At each Board meeting, the agenda is notated to remind Board Members to recuse from voting on any item that may be a conflict of interest.

Pt VI, Line 15B

The principal is paid in accordance with the School District's pay scale.

Form 990, Part IX, Line 24F

Facilities acq & construction 449473. 449473. 0. 0. Fiscal services 82452. 82452. 0. 0. Food services 182093. 182093. 0. 0. Operation of plant 387693. 387693. 0. 0. Community services 50148. 50148. 0. 0. Instructional related technology 7521. 7521. 0. 0.

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IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt05992746
IRS990ScheduleD/EquipmentGrp/BookValueAmt075588
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0336561
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0412149
IRS990ScheduleD/LandGrp/BookValueAmt0572000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0572000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt027702
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0132806
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0160508
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0128711
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0128711
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04967474
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/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE NON-DISCRIMINATORY POLICY HAS BEEN PUBLICIZES THROUGH NEWSPAPERS, NEWS MEDIA, AND ON THE SCHOOL'S WEBSITE. NA
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1RECEIVES GRANTS THROUGH THE FLORIDA DEPT OF EDUCATION
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 6b
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02007-08-30
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0593623928
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0593623928
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt07475000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0LEARNING GATE COMMUNITY SCHOOL
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0purchase land and building
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is prepared by an independent cpa firm and a draft is provided to the finance committee for review. The final 990 is provided to the Board for approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1At each Board meeting, the agenda is notated to remind Board Members to recuse from voting on any item that may be a conflict of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The principal is paid in accordance with the School District's pay scale.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FACILITIES ACQ & CONSTRUCTION 449473. 449473. 0. 0. FISCAL SERVICES 82452. 82452. 0. 0. FOOD SERVICES 182093. 182093. 0. 0. OPERATION OF PLANT 387693. 387693. 0. 0. COMMUNITY SERVICES 50148. 50148. 0. 0. INSTRUCTIONAL RELATED TECHNOLOGY 7521. 7521. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0true
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07054194
IRS990/TotalAssetsEOYAmt06592860
IRS990/TotalAssetsGrp/BOYAmt07054194
IRS990/TotalAssetsGrp/EOYAmt06592860
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt062130
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0487191
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05590437
IRS990/TotalFunctionalExpensesGrp/TotalAmt06077628
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07270631
IRS990/TotalLiabilitiesEOYAmt07064175
IRS990/TotalLiabilitiesGrp/BOYAmt07270631
IRS990/TotalLiabilitiesGrp/EOYAmt07064175
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-216437
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-471315
IRS990/TotalProgramServiceExpensesAmt05590437
IRS990/TotalProgramServiceRevenueAmt05411029
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05760620
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05822750
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07054194
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06592860
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt016215 HANNA RD
IRS990/USAddress/CityNm0LUTZ
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033549
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRIAN ERICKSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum08139484190
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-10-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEARNING GATE COMMUNITY SCHOOL INC
ReturnHeader/Filer/BusinessNameControlTxt0LEAR
ReturnHeader/Filer/EIN0593623928
ReturnHeader/Filer/PhoneNum08139484190
ReturnHeader/Filer/USAddress/AddressLine1Txt016215 HANNA RD
ReturnHeader/Filer/USAddress/CityNm0LUTZ
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033549
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Robert Walker CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02803 W Busch Blvd Ste 106
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Tampa
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033618
ReturnHeader/PreparerPersonGrp/PhoneNum08136248643
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT WALKER CPA
ReturnHeader/ReturnTs02015-11-23T12:26:36-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.3$9.09$1.19$8.26$8.13$0.13
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.3$9.25$1.06$8.20$8.00$0.19
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.4$9.49$0.87$7.33$7.59$0.26
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$9.53$1.13$7.48$6.79$0.69
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.0$10.5$0.44$6.65$6.66$0.02
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.3$9.80$0.46$6.67$6.56$0.10
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.6$16.2$0.35$6.35$6.21$0.13
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.00$7.79$0.22$6.13$5.89$0.24
2016Detailed filing. Detailed filing data is available for this year.$8.07$8.09$0.02$6.13$5.68$0.45
2015Detailed filing. Detailed filing data is available for this year.$6.59$7.06$0.47$5.82$6.08$0.25
2014Detailed filing. Detailed filing data is available for this year.$7.05$7.27$0.22$5.73$5.77$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.67$7.44$0.23$5.38
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.78$7.32$0.46$5.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.87$7.23$0.64$4.41
Peer Organizations

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