Civic Intelligence

Denovo Inc.

990 • Fiscal year 2017 • EIN 61-1757919

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

Organization ProfileWWW.ASCENDACADEMYCHARTER.COM
5251 Coconut Creek ParkwayMargate, FL 33063

(305) 500-9440

Siviq Scores

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

Liabilities / Assets

100th percentile

6.11x

Higher debt load relative to assets than 100% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

78th percentile

0.50x

Higher debt load relative to revenue than 78% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

29th percentile

-3.8%

Higher net margin than 29% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

3rd percentile

-38%

Faster asset growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

87th percentile

53%

Faster revenue growth than 87% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets100th percentile

Assets

Down

$145,557

Down $91,092 (-38%) from 2016

Net Assets

Down

-$743,799

Down $67,179 (-9.9%) from 2016

Liabilities

Down

$889,356

Down $23,913 (-2.6%) from 2016

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin29th percentile

Revenue

Up

$1,772,562

Up $613,053 (+53%) from 2016

Expenses

Up

$1,839,741

Up $153,257 (+9.1%) from 2016

Net Income

Up

-$67,179

Up $459,796 (+87%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2016: $236,649Liabilities 2016: $913,269Net Assets 2016: -$676,6202016Assets 2017: $145,557Liabilities 2017: $889,356Net Assets 2017: -$743,7992017Assets 2018: $169,235Liabilities 2018: $908,259Net Assets 2018: -$739,0242018Assets 2019: $204,481Liabilities 2019: $912,125Net Assets 2019: -$707,6442019Assets 2020: $284,010Liabilities 2020: $1,095,918Net Assets 2020: -$811,9082020Assets 2021: $236,945Liabilities 2021: $876,704Net Assets 2021: -$639,7592021Assets 2022: $5,551,756Liabilities 2022: $6,155,062Net Assets 2022: -$603,3062022Assets 2023: $5,506,940Liabilities 2023: $5,244,919Net Assets 2023: $262,0212023Assets 2024: $5,616,505Liabilities 2024: $5,088,247Net Assets 2024: $528,2582024

Highlighted filing

2017

Assets$145,557
Liabilities$889,356
Net Assets-$743,799
Open 2017 Filing

Operations Trend

Revenue Growth87th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $1,159,509Expenses 2016: $1,686,484Net Income 2016: -$526,9752016Revenue 2017: $1,772,562Expenses 2017: $1,839,741Net Income 2017: -$67,1792017Revenue 2018: $1,558,478Expenses 2018: $1,553,703Net Income 2018: $4,7752018Revenue 2019: $1,936,889Expenses 2019: $1,905,509Net Income 2019: $31,3802019Revenue 2020: $2,040,985Expenses 2020: $2,145,249Net Income 2020: -$104,2642020Revenue 2021: $2,135,169Expenses 2021: $2,159,966Net Income 2021: -$24,7972021Revenue 2022: $2,174,002Expenses 2022: $2,137,549Net Income 2022: $36,4532022Revenue 2023: $3,032,429Expenses 2023: $2,167,102Net Income 2023: $865,3272023Revenue 2024: $2,863,353Expenses 2024: $2,597,116Net Income 2024: $266,2372024

Highlighted filing

2017

Revenue$1,772,562
Expenses$1,839,741
Net Income-$67,179
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.1
Gross Receipts
$1,772,562
Mission and Program Overview

Mission

Ascend career academy (the school) is organized and is to operate exclusively as a not for profit charter school to provide an education to individuals 9th through 12th grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$114,174--
Land, Buildings, and Equipment, Net$109,510$73,285▼ $36,225
Cash and Non-Interest-Bearing Accounts$12,965$72,272▲ $59,307
Total Assets$236,649$145,557▼ $91,092
Liabilities
Unsecured Notes Loans Payable$795,603$857,468▲ $61,865
Accounts Payable and Accrued Expenses$117,666$31,888▼ $85,778
Total Liabilities$913,269$889,356▼ $23,913
Net Assets / Fund Balance
Unrestricted Net Assets$-676,620$-743,799▼ $67,179
Total Net Assets Fund Balance$-676,620$-743,799▼ $67,179
Total Liabilities and Net Assets / Fund Balance$236,649$145,557▼ $91,092

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$73,285$47,870$121,155
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Greg DumontPresident
Cheryl LeontiBoard Member
Sayra HughesBoard Member
Tony CalatayudBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$869,122
Program Service Revenue
$903,440
Investment Income
$0
Other Revenue
$0
All Other Contributions
$806,576
Change in Net Assets
$-67,179

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,772,562
Total Revenue per Audited Statements
$1,772,562
Total Revenue per Form 990
$1,772,562
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,237,327
Salaries, Compensation, and Employee Benefits$602,414
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$696,506$174,126-$870,632
Other Salaries and Wages$403,870$41,807-$445,677
Fees for Services Other$93,674$5,083-$98,757
Other Employee Benefits$69,710$17,045-$86,755
Payroll Taxes$69,982--$69,982
Depreciation Depletion$59,691--$59,691
Fees for Services Management$45,172--$45,172
Travel$19,930$5,417-$25,347
Interest$24,010--$24,010
Insurance$17,120$4,663-$21,783
Fees for Services Accounting$13,584$3,396-$16,980
All Other Expenses$6,436$1,611-$8,047
Other Expenses$6,044$750-$6,044
Office Expenses$1,945$486-$2,431
Total Functional Expenses$1,581,531$258,210$0$1,839,741

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,839,741
Total Expenses per Audited Statements$1,839,741
Total Expenses per Form 990$1,839,741
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

Governance Explanations

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

“The board of directors was provided a copy of form 990 for detail review prior to filing.”

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

“Board members are required to report conflicts of interest when they arise.”

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

“Compensation for directors and key employees was determined by the board of directors when the charter school application was established and has followed a very conservative increase per year if the budget allowed. Each year the board reviews the upcoming budget which includes any salary increases.”

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

“Compensation for directors and key employees was determined by the board of directors when the charter school application was established and has followed a very conservative increase per year if the budget allowed. Each year the board reviews the upcoming budget which includes any salary increases.”

Form 990, Page 6, Part VI, Line 19

“The governing documents, conflict of interest policy and the financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Denovo Inc
EIN
61-1757919
Address
5251 COCONUT CREEK PARKWAY, MARGATE, FL 33063

Signing Officer

Name
Greg Dumont
Title
President
Signed
2018-05-15

Organization Details

Principal Officer
Sayra Hughes
Formed
2013
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
4
Employees
24

Preparer

Firm
Mccrady & Associates Pllc
Address
PO BOX 160655, ALTAMONTE SPRINGS, FL 32716
Preparer
Stacy Mccrady
Phone
4079604429
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The school qualifies as a tax-exempt organization under internal revenue code section 501(c)(3), and is therefore, exempt from income taxes. Accordingly, no tax provision has been made in the accompanying financial statements. Additionally, no uncertain tax positions have been made requiring disclosure in the related notes to the financial statements. The school's income tax return for the past three years 2015, 2014 and 2013 are subject to examination by tax authorities, and may change upon examination.”

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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 QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3), AND IS THEREFORE, EXEMPT FROM INCOME TAXES. ACCORDINGLY, NO TAX PROVISION HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. ADDITIONALLY, NO UNCERTAIN TAX POSITIONS HAVE BEEN MADE REQUIRING DISCLOSURE IN THE RELATED NOTES TO THE FINANCIAL STATEMENTS. THE SCHOOL'S INCOME TAX RETURN FOR THE PAST THREE YEARS 2015, 2014 AND 2013 ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES, AND MAY CHANGE UPON EXAMINATION.
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PUBLICIZED ITS RACIALLY NON DISCRIMINATORY POLICY THROUGH VARIOUS MEANS, INCLUDING NEWSPAPERS, GROUP PRESENTATION, AND DIRECT MAILINGS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1REVENUE ARE RECIEED FROM THE FLORIDA DEPARTMENT OF EDUCATION UNDER THE FLORIDA EDUCATION FINANCE PROGRAM. THE AMOUNT RECEIVED IS BASED UPON THE NUMBER OF WEIGHTED FULL-TIME EQUIVALENT STUDENTS REPORTED BY THE SCHOOL DURING THE SURVEY PERIOD.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS WAS PROVIDED A COPY OF FORM 990 FOR DETAIL REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED TO REPORT CONFLICTS OF INTEREST WHEN THEY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION FOR DIRECTORS AND KEY EMPLOYEES WAS DETERMINED BY THE BOARD OF DIRECTORS WHEN THE CHARTER SCHOOL APPLICATION WAS ESTABLISHED AND HAS FOLLOWED A VERY CONSERVATIVE INCREASE PER YEAR IF THE BUDGET ALLOWED. EACH YEAR THE BOARD REVIEWS THE UPCOMING BUDGET WHICH INCLUDES ANY SALARY INCREASES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION FOR DIRECTORS AND KEY EMPLOYEES WAS DETERMINED BY THE BOARD OF DIRECTORS WHEN THE CHARTER SCHOOL APPLICATION WAS ESTABLISHED AND HAS FOLLOWED A VERY CONSERVATIVE INCREASE PER YEAR IF THE BUDGET ALLOWED. EACH YEAR THE BOARD REVIEWS THE UPCOMING BUDGET WHICH INCLUDES ANY SALARY INCREASES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
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
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd033301
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0true
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0true
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0729916
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1800333
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt270967
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt3750000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
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IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt3CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0ALLIANCE XVI LLC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1ALLIANCE MCMLIX LLC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2ALLIANCE MCMLIX LLC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt3ALLIANCE XVI LLC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1D
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2C
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IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0236649
IRS990/TotalAssetsEOYAmt0145557
IRS990/TotalAssetsGrp/BOYAmt0236649
IRS990/TotalAssetsGrp/EOYAmt0145557
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0869122
IRS990/TotalEmployeeCnt024
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0258210
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01581531
IRS990/TotalFunctionalExpensesGrp/TotalAmt01839741
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0913269
IRS990/TotalLiabilitiesEOYAmt0889356
IRS990/TotalLiabilitiesGrp/BOYAmt0913269
IRS990/TotalLiabilitiesGrp/EOYAmt0889356
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-676620
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-743799
IRS990/TotalProgramServiceExpensesAmt01581531
IRS990/TotalProgramServiceRevenueAmt0903440
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0903440
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01772562
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0236649
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0145557
IRS990/TravelGrp/ManagementAndGeneralAmt05417
IRS990/TravelGrp/ProgramServicesAmt019930
IRS990/TravelGrp/TotalAmt025347
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-676620
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-743799
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0795603
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0857468
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05251 COCONUT CREEK PARKWAY
IRS990/USAddress/CityNm0MARGATE
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033063
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.ASCENDACADEMYCHARTER.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0GREG DUMONT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DENOVO INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASCEND ACADEMY CHARTER
ReturnHeader/Filer/BusinessNameControlTxt0DENO
ReturnHeader/Filer/EIN0611757919
ReturnHeader/Filer/USAddress/AddressLine1Txt05251 COCONUT CREEK PARKWAY
ReturnHeader/Filer/USAddress/CityNm0MARGATE
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId04DE7DB7AAAB12F861B4FEB44A1778A8A226A8EE1
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId00E868560E36CD7B943CC4C7A8B6E4D54719EB9E4
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0822180420
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCCRADY & ASSOCIATES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 160655
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALTAMONTE SPRINGS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032716
ReturnHeader/PreparerPersonGrp/PhoneNum04079604429
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STACY MCCRADY
ReturnHeader/ReturnTs02018-05-15T22:15:20-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$145,557
Liabilities
$889,356
Net assets
-$743,799
Revenue
$1,772,562
Expenses
$1,839,741
Net income
-$67,179
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.62$5.09$0.53$2.86$2.60$0.27
2023Detailed filing. Detailed filing data is available for this year.$5.51$5.24$0.26$3.03$2.17$0.87
2022Detailed filing. Detailed filing data is available for this year.$5.55$6.16$0.60$2.17$2.14$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.24$0.88$0.64$2.14$2.16$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.28$1.10$0.81$2.04$2.15$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.20$0.91$0.71$1.94$1.91$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.17$0.91$0.74$1.56$1.55$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.15$0.89$0.74$1.77$1.84$0.07
2016Summary only. Only limited summary data is available for this year.$0.24$0.91$0.68$1.16$1.69$0.53