Civic Intelligence

Hartridge Academy Inc.

990 • Fiscal year 2018 • EIN 59-3716690

Jul 01, 2017 to Jun 30, 2018 • Filed on Sep 28, 2018

1400 US Highway 92 WestWinter Haven, FL 33881

(863) 956-4434

Siviq Scores

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

Liabilities / Assets

46th percentile

0.07x

Higher debt load relative to assets than 46% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

42nd percentile

0.06x

Higher debt load relative to revenue than 42% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

49th percentile

2.8%

Higher net margin than 49% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

81st percentile

$135,672

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 7.7% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

56th percentile

2.9%

Faster asset growth than 56% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

57th percentile

6.7%

Faster revenue growth than 57% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,721,053

Up $47,898 (+2.9%) from 2017

Net Assets

Up

$1,607,987

Up $49,042 (+3.1%) from 2017

Liabilities

Down

$113,066

Down $1,144 (-1.0%) from 2017

Revenue

Up

$1,768,648

Up $111,421 (+6.7%) from 2017

Expenses

Up

$1,719,605

Up $58,786 (+3.5%) from 2017

Net Income

Up

$49,043

Up $52,635 (+1465%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $734,162Liabilities 2011: $71,662Net Assets 2011: $662,5002011Assets 2012: $690,117Liabilities 2012: $75,932Net Assets 2012: $614,1852012Assets 2013: $877,886Liabilities 2013: $111,509Net Assets 2013: $766,3772013Assets 2014: $1,163,346Liabilities 2014: $112,250Net Assets 2014: $1,051,0962014Assets 2015: $1,398,599Liabilities 2015: $124,792Net Assets 2015: $1,273,8072015Assets 2016: $1,669,220Liabilities 2016: $106,683Net Assets 2016: $1,562,5372016Assets 2017: $1,673,155Liabilities 2017: $114,210Net Assets 2017: $1,558,9452017Assets 2018: $1,721,053Liabilities 2018: $113,066Net Assets 2018: $1,607,9872018Assets 2019: $1,658,463Liabilities 2019: $185,193Net Assets 2019: $1,473,2702019Assets 2020: $1,593,068Liabilities 2020: $204,228Net Assets 2020: $1,388,8402020Assets 2021: $1,784,436Liabilities 2021: $195,270Net Assets 2021: $1,589,1662021Assets 2022: $2,031,066Liabilities 2022: $510,793Net Assets 2022: $1,520,2732022Assets 2023: $1,957,180Liabilities 2023: $396,839Net Assets 2023: $1,560,3412023Assets 2024: $1,673,420Liabilities 2024: $261,812Net Assets 2024: $1,411,6082024Assets 2025: $1,284,582Liabilities 2025: $333,025Net Assets 2025: $951,5572025

Highlighted filing

2018

Assets$1,721,053
Liabilities$113,066
Net Assets$1,607,987

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,083,2292011Expenses 2012: $1,298,6152012Revenue 2013: $1,557,742Expenses 2013: $1,405,550Net Income 2013: $152,1922013Revenue 2014: $1,837,930Expenses 2014: $1,553,211Net Income 2014: $284,7192014Revenue 2015: $1,829,232Expenses 2015: $1,606,521Net Income 2015: $222,7112015Revenue 2016: $1,848,524Expenses 2016: $1,559,794Net Income 2016: $288,7302016Revenue 2017: $1,657,227Expenses 2017: $1,660,819Net Income 2017: -$3,5922017Revenue 2018: $1,768,648Expenses 2018: $1,719,605Net Income 2018: $49,0432018Revenue 2019: $1,703,016Expenses 2019: $1,837,733Net Income 2019: -$134,7172019Revenue 2020: $1,697,210Expenses 2020: $1,781,640Net Income 2020: -$84,4302020Revenue 2021: $1,963,287Expenses 2021: $1,762,961Net Income 2021: $200,3262021Revenue 2022: $1,909,729Expenses 2022: $1,937,159Net Income 2022: -$27,4302022Revenue 2023: $1,936,704Expenses 2023: $1,896,636Net Income 2023: $40,0682023Revenue 2024: $1,943,085Expenses 2024: $2,091,818Net Income 2024: -$148,7332024Revenue 2025: $1,973,523Expenses 2025: $2,433,574Net Income 2025: -$460,0512025

Highlighted filing

2018

Revenue$1,768,648
Expenses$1,719,605
Net Income$49,043
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Sep 28, 2018
Return Version
2017v2.2
Gross Receipts
$1,768,648
Mission and Program Overview

Mission

To operate a public charter school in the state of florida.

To operate a public charter school in the state of florida

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,300,555$1,328,812▲ $28,257
Cash and Non-Interest-Bearing Accounts$1,197,758$1,289,112▲ $91,354
Land, Buildings, and Equipment, Net$258,390$279,175▲ $20,785
Pd in Cap Srpls Land Bldg Eqp Fund$258,390$279,175▲ $20,785
Prepaid Expenses and Deferred Charges$171,027$101,350▼ $69,677
Accounts Receivable-$38,156-
Total Assets$1,673,155$1,721,053▲ $47,898
Other Assets Total$45,980$13,260▼ $32,720
Liabilities
Accounts Payable and Accrued Expenses$114,210$113,066▼ $1,144
Total Liabilities$114,210$113,066▼ $1,144
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,558,945$1,607,987▲ $49,042
Total Liabilities and Net Assets / Fund Balance$1,673,155$1,721,053▲ $47,898

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$39,411--
Equipment$146,120$182,026-
Leasehold Improvements$93,644$107,030-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Debra RichardsPrincipalFT$135,672$135,672

Board Members and Trustees

NameTitle
Sherry KelleyPresident
Juan LopezBoard Member
Lisa StreetSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$60,216
Program Service Revenue
$1,669,165
Investment Income
$184
Other Revenue
$39,083
Change in Net Assets
$49,043

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,768,647
Revenue Not Reported on Financial Statements
$1
Other Revenue Adjustments
$1
Total Revenue per Audited Statements
$1,768,647
Total Revenue per Form 990
$1,768,648
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,719,605
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$356,289$0$0$356,289
Other Expenses$105,214$105,214$0$210,428
Depreciation Depletion$31,699$0$0$31,699
Total Functional Expenses$1,595,427$124,178$0$1,719,605

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,719,605
Total Expenses per Audited Statements$1,719,605
Total Expenses per Form 990$1,719,605
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
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
Filing and Contact Details

Filer

Filer Name
Hartridge Academy Inc
EIN
59-3716690
Phone
8639564434
Address
1400 US HIGHWAY 92 WEST, WINTER HAVEN, FL 33881

Signing Officer

Name
Lisa Street
Title
Secretary
Phone
8639564434
Signed
2018-09-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Street
Formed
2001
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
24
Volunteers
5

Preparer

Firm
Brynjulfson CPA PA
Address
307 Pontotoc Plaza, Auburndale, FL 33823
Preparer
Mike Brynjulfson
Phone
8003683959
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The 990 is prepared by a cpa and a draft is provided to management and board for their review.

Pt VI, Line 15B

The principal is paid similar to the school district's pay scale, including a difference for additional house and additional duties.

Pt VI, Line 15A

The principal is paid similar to the school district's pay scale, including a difference for additional house and additional duties.

Pt VI, Line 19

Governing documents are available on request and the annual financial statements and budgets are availableon the school's website.

Pt XI

Rounding

Form 990, Part IX, Line 24E

Central services 78708. 78708. 0. 0.

Form 990, Part IX, Line 24E

Operation of plant 212518. 212518. 0. 0.

Form 990, Part IX, Line 24E

Student transportation 36957. 36957. 0. 0.

Form 990, Part IX, Line 24E

Maintenance of plant 28106. 28106. 0. 0.

Financial Statement Notes

Other

The school recognizes the financial statement effects from a tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the school and various positions related to the potential sources of unrelated business taxable income. The assessment of the technical merits of a tax position is a matter of judgement. The school files form 990 in the u.s. Federal jurisdiction. The school is generally no longer subject to examination by the internal revenue service for years ending before june 30, 2015.

Pt XI, Line 4B

Rounding

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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/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL RECOGNIZES THE FINANCIAL STATEMENT EFFECTS FROM A TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE SCHOOL AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THE ASSESSMENT OF THE TECHNICAL MERITS OF A TAX POSITION IS A MATTER OF JUDGEMENT. THE SCHOOL FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION. THE SCHOOL IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS ENDING BEFORE JUNE 30, 2015.
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IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE POLICY IS POSTED ON BROCHURES AND SOLICITATING MATERIALS AND IS AVAILABLE ON THE SCHOOL'S WEBSITE. IT HAS BEEN MADE CLEAR BOTH ORALLY AND IN WRITING UPON ADMINISTRATION TO THE SCHOOL. SEE PART I, LINE 3.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES FUNDING FROM THE LOCAL SCHOOL DISTRICT.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 6b
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS PREPARED BY A CPA AND A DRAFT IS PROVIDED TO MANAGEMENT AND BOARD FOR THEIR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRINCIPAL IS PAID SIMILAR TO THE SCHOOL DISTRICT'S PAY SCALE, INCLUDING A DIFFERENCE FOR ADDITIONAL HOUSE AND ADDITIONAL DUTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRINCIPAL IS PAID SIMILAR TO THE SCHOOL DISTRICT'S PAY SCALE, INCLUDING A DIFFERENCE FOR ADDITIONAL HOUSE AND ADDITIONAL DUTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE AVAILABLE ON REQUEST AND THE ANNUAL FINANCIAL STATEMENTS AND BUDGETS ARE AVAILABLEON THE SCHOOL'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Rounding
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CENTRAL SERVICES 78708. 78708. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OPERATION OF PLANT 212518. 212518. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7STUDENT TRANSPORTATION 36957. 36957. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8MAINTENANCE OF PLANT 28106. 28106. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01673155
IRS990/TotalAssetsEOYAmt01721053
IRS990/TotalAssetsGrp/BOYAmt01673155
IRS990/TotalAssetsGrp/EOYAmt01721053
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IRS990/TotalContributionsAmt060216
IRS990/TotalEmployeeCnt024
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0124178
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01595427
IRS990/TotalFunctionalExpensesGrp/TotalAmt01719605
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0114210
IRS990/TotalLiabilitiesEOYAmt0113066
IRS990/TotalLiabilitiesGrp/BOYAmt0114210
IRS990/TotalLiabilitiesGrp/EOYAmt0113066
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01558945
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01607987
IRS990/TotalProgramServiceExpensesAmt01595427
IRS990/TotalProgramServiceRevenueAmt01669165
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01708432
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01768648
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01673155
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01721053
IRS990/TotReportableCompRltdOrgAmt0135672
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01400 US HIGHWAY 92 WEST
IRS990/USAddress/CityNm0WINTER HAVEN
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033881
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.HARTRIDGEACADEMY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LISA STREET
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum08639564434
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-09-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HARTRIDGE ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0HART
ReturnHeader/Filer/EIN0593716690
ReturnHeader/Filer/PhoneNum08639564434
ReturnHeader/Filer/USAddress/AddressLine1Txt01400 US HIGHWAY 92 WEST
ReturnHeader/Filer/USAddress/CityNm0WINTER HAVEN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033881
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId05010F331FA5C7FEF228949BCAD4393A089D8DB57
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId05010F331FA5C7FEF228949BCAD4393A089D8DB57
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.73.111.134
ReturnHeader/FilingSecurityInformation/IPDt02018-10-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm004:03:19
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Brynjulfson CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0307 Pontotoc Plaza
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Auburndale
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033823
ReturnHeader/PreparerPersonGrp/PhoneNum08003683959
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MIKE BRYNJULFSON
ReturnHeader/ReturnTs02018-10-08T04:03:22-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.28$0.33$0.95$1.97$2.43$0.46
2024Detailed filing. Detailed filing data is available for this year.$1.67$0.26$1.41$1.94$2.09$0.15
2023Detailed filing. Detailed filing data is available for this year.$1.96$0.40$1.56$1.94$1.90$0.04
2022Detailed filing. Detailed filing data is available for this year.$2.03$0.51$1.52$1.91$1.94$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.78$0.20$1.59$1.96$1.76$0.20
2020Detailed filing. Detailed filing data is available for this year.$1.59$0.20$1.39$1.70$1.78$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.66$0.19$1.47$1.70$1.84$0.13
2018Detailed filing. Detailed filing data is available for this year.$1.72$0.11$1.61$1.77$1.72$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.67$0.11$1.56$1.66$1.66$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.67$0.11$1.56$1.85$1.56$0.29
2015Detailed filing. Detailed filing data is available for this year.$1.40$0.12$1.27$1.83$1.61$0.22
2014Detailed filing. Detailed filing data is available for this year.$1.16$0.11$1.05$1.84$1.55$0.28
2013Summary only. Only limited summary data is available for this year.$0.88$0.11$0.77$1.56$1.41$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.08$0.61$1.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.07$0.66$1.08