Civic Intelligence

Royalmont Academy Inc.

990 • Fiscal year 2015 • EIN 61-1292898

Jul 01, 2014 to Jun 30, 2015 • Filed on May 16, 2016

Refreshing map…

200 Northcrest DriveMason, OH 45040

(513) 754-0555

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.17x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

66th percentile

0.25x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

63rd percentile

7.4%

Higher net margin than 63% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

82nd percentile

20%

Faster asset growth than 82% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

84th percentile

34%

Faster revenue growth than 84% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$306,483

Up $52,132 (+20%) from 2014

Net Assets

Up

-$51,244

Up $82,204 (+62%) from 2014

Liabilities

Down

$357,727

Down $30,072 (-7.8%) from 2014

Revenue

Up

$1,420,448

Up $361,480 (+34%) from 2014

Expenses

Up

$1,315,040

Up $306,411 (+30%) from 2014

Net Income

Up

$105,408

Up $55,069 (+109%) from 2014

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2010: $1,571,959Liabilities 2010: $1,349,018Net Assets 2010: $222,9412010Assets 2011: $255,276Liabilities 2011: $296,326Net Assets 2011: -$41,0502011Assets 2012: $457,395Liabilities 2012: $403,340Net Assets 2012: $54,0552012Assets 2013: $363,278Liabilities 2013: $534,801Net Assets 2013: -$171,5232013Assets 2014: $254,351Liabilities 2014: $387,799Net Assets 2014: -$133,4482014Assets 2015: $1,194,268Liabilities 2015: $1,467,150Net Assets 2015: -$272,8822015Assets 2015: $306,483Liabilities 2015: $357,727Net Assets 2015: -$51,2442015Assets 2016: $1,134,291Liabilities 2016: $1,571,958Net Assets 2016: -$437,6672016Assets 2017: $1,064,020Liabilities 2017: $1,775,234Net Assets 2017: -$711,2142017Assets 2018: $1,143,322Liabilities 2018: $1,744,583Net Assets 2018: -$601,2612018Assets 2021: $1,432,921Liabilities 2021: $1,567,396Net Assets 2021: -$134,4752021Assets 2022: $1,876,156Liabilities 2022: $1,606,306Net Assets 2022: $269,8502022

Highlighted filing

2015

Assets$306,483
Liabilities$357,727
Net Assets-$51,244

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,062,3112010Expenses 2011: $1,222,3472011Expenses 2012: $1,147,6212012Expenses 2013: $970,0492013Revenue 2014: $1,058,968Expenses 2014: $1,008,629Net Income 2014: $50,3392014Revenue 2015: $1,325,972Expenses 2015: $1,342,202Net Income 2015: -$16,2302015Revenue 2015: $1,420,448Expenses 2015: $1,315,040Net Income 2015: $105,4082015Revenue 2016: $1,113,347Expenses 2016: $1,303,133Net Income 2016: -$189,7862016Revenue 2017: $1,024,259Expenses 2017: $1,322,806Net Income 2017: -$298,5472017Revenue 2018: $1,304,490Expenses 2018: $1,219,537Net Income 2018: $84,9532018Revenue 2021: $1,510,828Expenses 2021: $1,466,741Net Income 2021: $44,0872021Revenue 2022: $2,078,599Expenses 2022: $1,674,274Net Income 2022: $404,3252022

Highlighted filing

2015

Revenue$1,420,448
Expenses$1,315,040
Net Income$105,408
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 16, 2016
Return Version
2014v6.0
Gross Receipts
$1,420,448
Mission and Program Overview

Mission

To form integrally well-rounded Catholic leaders, apostles, convinced of the truth, who will leave their mark in shaping a civilization of justice and love.

Provide quality education and integral formation for students from pre-school through twelfth grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$146,228$148,598▲ $2,370
Accounts Receivable$33,304$114,783▲ $81,479
Land, Buildings, and Equipment, Net$19,458$13,968▼ $5,490
Savings and Temporary Cash Investments$1,134$1,134→ $0
Total Assets$225,124$306,483▲ $81,359
Other Assets Total$25,000$28,000▲ $3,000
Liabilities
Deferred Revenue$235,448$217,439▼ $18,009
Mortgage Notes Payable Secured by Investment Property$81,673$81,673→ $0
Accounts Payable and Accrued Expenses$64,655$58,615▼ $6,040
Total Liabilities$381,776$357,727▼ $24,049
Net Assets / Fund Balance
Unrestricted Net Assets$-156,652$-51,244▲ $105,408
Total Net Assets Fund Balance$-156,652$-51,244▲ $105,408
Total Liabilities and Net Assets / Fund Balance$225,124$306,483▲ $81,359

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$13,968$25,160-
Other Assets Org$3,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carl BrownPresident
Jerome BishopDirector
Jerry ShadeDirector
Kathleen MurphyDirector
Paul DerousselDirector
Robert HanavanDirector
William JungTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$38,592
Program Service Revenue
$1,208,696
Investment Income
$0
Other Revenue
$173,160
All Other Contributions
$38,592
Change in Net Assets
$105,408
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$811,983
Other Expenses$503,057
Total Fundraising Expense$49,530
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$622,746--$622,746
Current Officers, Directors, Trustees, and Key Employees$87,036--$87,036
All Other Expenses$45,015$39,163-$84,178
Other Employee Benefits$55,123--$55,123
Other Expenses$83,418$4,089$49,530$53,619
Payroll Taxes$47,078--$47,078
Interest$45,047--$45,047
Fees for Services Other$7,143$14,773-$21,916
Advertising$12,551--$12,551
Office Expenses-$12,337-$12,337
Depreciation Depletion$7,783--$7,783
Fees for Services Accounting-$7,391-$7,391
Travel-$669-$669
Conferences and Meetings$-707$1,310-$603
Total Functional Expenses$1,119,433$146,077$49,530$1,315,040
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$173,160
Fundraising Direct Expenses$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$130,183$130,183-$130,183
Fall Banquet$42,977$42,977-$42,977
Total Events$173,160$173,160-$173,160
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
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Board vote is required for elevation of officers and new board members.

Form 990, Part VI, Section B, Line 11

The return is reviewed and approved by all board members.

Form 990, Part VI, Section B, Line 12C

The royalmont board of directors is required to submit any potential conflicts of interest for consideration during their annual board of directors meeting to consistently evaluate and reassess the independence of board members.

Form 990, Part VI, Section B, Line 15A

The royalmont board of directors is responsible for the hiring, review and termination of the position of principal/executive director. The determination of the compensation for this position is based upon a review of salary surveys for similar positions from peer nonprofit organizations. It is also impacted by the individuals background and experience, the nature and scope of the duties and the amount of time devoted to performing such duties. Unfortunately, it is also impacted by the economic situation of the organization. Once hired, salary increases are more dependent on the organizations economics than the merit of the job performance at certain times.

Form 990, Part VI, Section C, Line 18

Available upon request during normal business hours.

Form 990, Part VI, Section C, Line 19

Available upon request of the principal during normal business hours.

Filing and Contact Details

Filer

Filer Name
Royalmont Academy Inc
EIN
61-1292898
Phone
5137540555
Address
200 NORTHCREST DRIVE, MASON, OH 45040

Signing Officer

Name
Jerry Shade
Title
President
Phone
5137540555
Signed
2016-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jerry Shade
Formed
1995
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
26
Volunteers
0

Preparer

Firm
Mellott & Mellott Pll
Address
312 WALNUT STREET - SUITE 2500, CINCINNATI, OH 45202-4025
Preparer
Richard Jrumpler
Phone
5132412940
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

The organization formally added grades 9-12 to their program services for this fiscal year.

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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/DepreciationAmt025160
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt039128
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013968
IRS990ScheduleD/TotalBookValueOtherAssetsAmt028000
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ROYALMONT ACADEMY RECEIVES FUNDS FROM THE STATE OF OHIO.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FALL BANQUET
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt042977
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0130183
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0173160
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt042977
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt0130183
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0173160
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0173160
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FORMALLY ADDED GRADES 9-12 TO THEIR PROGRAM SERVICES FOR THIS FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD VOTE IS REQUIRED FOR ELEVATION OF OFFICERS AND NEW BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE RETURN IS REVIEWED AND APPROVED BY ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ROYALMONT BOARD OF DIRECTORS IS REQUIRED TO SUBMIT ANY POTENTIAL CONFLICTS OF INTEREST FOR CONSIDERATION DURING THEIR ANNUAL BOARD OF DIRECTORS MEETING TO CONSISTENTLY EVALUATE AND REASSESS THE INDEPENDENCE OF BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ROYALMONT BOARD OF DIRECTORS IS RESPONSIBLE FOR THE HIRING, REVIEW AND TERMINATION OF THE POSITION OF PRINCIPAL/EXECUTIVE DIRECTOR. THE DETERMINATION OF THE COMPENSATION FOR THIS POSITION IS BASED UPON A REVIEW OF SALARY SURVEYS FOR SIMILAR POSITIONS FROM PEER NONPROFIT ORGANIZATIONS. IT IS ALSO IMPACTED BY THE INDIVIDUALS BACKGROUND AND EXPERIENCE, THE NATURE AND SCOPE OF THE DUTIES AND THE AMOUNT OF TIME DEVOTED TO PERFORMING SUCH DUTIES. UNFORTUNATELY, IT IS ALSO IMPACTED BY THE ECONOMIC SITUATION OF THE ORGANIZATION. ONCE HIRED, SALARY INCREASES ARE MORE DEPENDENT ON THE ORGANIZATIONS ECONOMICS THAN THE MERIT OF THE JOB PERFORMANCE AT CERTAIN TIMES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AVAILABLE UPON REQUEST OF THE PRINCIPAL DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0225124
IRS990/TotalAssetsEOYAmt0306483
IRS990/TotalAssetsGrp/BOYAmt0225124
IRS990/TotalAssetsGrp/EOYAmt0306483
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt038592
IRS990/TotalEmployeeCnt026
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt049530
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0146077
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01119433
IRS990/TotalFunctionalExpensesGrp/TotalAmt01315040
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0381776
IRS990/TotalLiabilitiesEOYAmt0357727
IRS990/TotalLiabilitiesGrp/BOYAmt0381776
IRS990/TotalLiabilitiesGrp/EOYAmt0357727
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-156652
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-51244
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01119433
IRS990/TotalProgramServiceRevenueAmt01208696
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0173160
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01208696
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01420448
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0225124
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0306483
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0669
IRS990/TravelGrp/TotalAmt0669
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-156652
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-51244
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0200 NORTHCREST DRIVE
IRS990/USAddress/CityNm0MASON
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd045040
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.ROYALMONT.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JERRY SHADE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05137540555
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ROYALMONT ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0ROYA
ReturnHeader/Filer/EIN0611292898
ReturnHeader/Filer/PhoneNum05137540555
ReturnHeader/Filer/USAddress/AddressLine1Txt0200 NORTHCREST DRIVE
ReturnHeader/Filer/USAddress/CityNm0MASON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd045040
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0316063298
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MELLOTT & MELLOTT PLL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0312 WALNUT STREET - SUITE 2500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CINCINNATI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0452024025
ReturnHeader/PreparerPersonGrp/PhoneNum05132412940
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD JRUMPLER
ReturnHeader/ReturnTs02016-05-16T15:32:29-05:00
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
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.88$1.61$0.27$2.08$1.67$0.40
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$1.57$0.13$1.51$1.47$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.14$1.74$0.60$1.30$1.22$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$1.78$0.71$1.02$1.32$0.30
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.13$1.57$0.44$1.11$1.30$0.19
2015Detailed filing. Detailed filing data is available for this year.$1.19$1.47$0.27$1.33$1.34$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.31$0.36$0.05$1.42$1.32$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.25$0.39$0.13$1.06$1.01$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.53$0.17$0.97
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.40$0.05$1.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.30$0.04$1.22
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.57$1.35$0.22$1.06