Civic Intelligence

Renaissance School Inc

990 • Fiscal year 2016 • EIN 65-0591474

Jul 01, 2015 to Jun 30, 2016 • Filed on Apr 19, 2017

37 Barkley CircleFort Myers, FL 33907

(239) 275-2022

Siviq Scores

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

Liabilities / Assets

98th percentile

3.97x

Higher debt load relative to assets than 98% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

93rd percentile

0.60x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

17th percentile

-19%

Higher net margin than 17% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

82nd percentile

$19,168

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

8th percentile

-55%

Faster asset growth than 8% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

37th percentile

-7.6%

Faster revenue growth than 37% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$71,454

Down $87,378 (-55%) from 2015

Net Assets

Down

-$212,285

Down $88,250 (-71%) from 2015

Liabilities

Up

$283,739

Up $872 (+0.3%) from 2015

Revenue

Down

$473,745

Down $39,084 (-7.6%) from 2015

Expenses

Up

$561,995

Up $9,836 (+1.8%) from 2015

Net Income

Down

-$88,250

Down $48,920 (-124%) from 2015

Historical Trend

Balance Sheet Trend

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

$400K$200K$0-$200K-$400KAssets 2011: $123,417Liabilities 2011: $347,347Net Assets 2011: -$223,9302011Assets 2012: $157,405Liabilities 2012: $334,886Net Assets 2012: -$177,4812012Assets 2013: $248,949Liabilities 2013: $287,815Net Assets 2013: -$38,8662013Assets 2014: $201,322Liabilities 2014: $286,027Net Assets 2014: -$84,7052014Assets 2015: $158,832Liabilities 2015: $282,867Net Assets 2015: -$124,0352015Assets 2016: $71,454Liabilities 2016: $283,739Net Assets 2016: -$212,2852016Assets 2017: $142,722Liabilities 2017: $282,746Net Assets 2017: -$140,0242017Assets 2018: $84,815Liabilities 2018: $223,783Net Assets 2018: -$138,9682018Assets 2019: $48,052Liabilities 2019: $189,896Net Assets 2019: -$141,8442019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2016

Assets$71,454
Liabilities$283,739
Net Assets-$212,285

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $483,890Expenses 2011: $421,550Net Income 2011: $62,3402011Expenses 2012: $444,2772012Revenue 2013: $632,089Expenses 2013: $493,474Net Income 2013: $138,6152013Revenue 2014: $487,609Expenses 2014: $533,448Net Income 2014: -$45,8392014Revenue 2015: $512,829Expenses 2015: $552,159Net Income 2015: -$39,3302015Revenue 2016: $473,745Expenses 2016: $561,995Net Income 2016: -$88,2502016Revenue 2017: $507,101Expenses 2017: $434,840Net Income 2017: $72,2612017Revenue 2018: $422,267Expenses 2018: $421,211Net Income 2018: $1,0562018Revenue 2019: $346,289Expenses 2019: $349,165Net Income 2019: -$2,8762019Revenue 2020: $168,435Expenses 2020: $16,592Net Income 2020: $151,8432020

Highlighted filing

2016

Revenue$473,745
Expenses$561,995
Net Income-$88,250
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Apr 19, 2017
Return Version
2015v3.0
Gross Receipts
$474,315
Mission and Program Overview

Mission

The organization provides a nurturing environment for students to grow in their natural creative process of education. Students are provided extensive studies in mathematics, literature, sciences, history, geography and the arts through a rigorous and challenging curriculum.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$270,980$270,980→ $0
Savings and Temporary Cash Investments-$30,006-
Land, Buildings, and Equipment, Net$27,692$22,459▼ $5,233
Cash and Non-Interest-Bearing Accounts$128,841$16,690▼ $112,151
Total Assets$158,832$71,454▼ $87,378
Other Assets Total$2,299$2,299→ $0
Liabilities
Other Liabilities$2,699$7,471▲ $4,772
Mortgage Notes Payable Secured by Investment Property$9,188$5,288▼ $3,900
Total Liabilities$282,867$283,739▲ $872
Net Assets / Fund Balance
Temporarily Rstr Net Assets$12,794$0▼ $12,794
Unrestricted Net Assets$-136,829$-212,285▼ $75,456
Total Net Assets Fund Balance$-124,035$-212,285▼ $88,250
Total Liabilities and Net Assets / Fund Balance$158,832$71,454▼ $87,378

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,634$72,297$79,931
Leasehold Improvements$14,825$30,932$45,757
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
M Kathleen LeitchPresident/directorFT$19,168$19,168

Board Members and Trustees

NameTitle
Robert a Leitch JrVice Chairman
Katherine BravoVice President/director
Michelle ZamniakSecretary
Tim SeldinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$16,855
Program Service Revenue
$455,554
Investment Income
$-564
Other Revenue
$1,900
All Other Contributions
$11,045
Change in Net Assets
$-88,250
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$294,015
Other Expenses$267,980
Total Fundraising Expense$3,706
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$242,252$26,917-$269,169
Occupancy$93,471$9,863-$103,334
Advertising$7,412$25,943$3,706$37,061
Interest-$24,682-$24,682
Payroll Taxes$18,069$2,008-$20,077
Insurance$13,572$168-$13,740
Fees for Services Legal$11,016$1,224-$12,240
All Other Expenses$7,819$772-$8,591
Travel$7,794--$7,794
Other Employee Benefits$4,292$477-$4,769
Depreciation Depletion$3,754$910-$4,664
Fees for Services Other$3,004$316-$3,320
Other Expenses$3,206$14,256-$3,206
Fees for Services Accounting$2,610$290-$2,900
Information Technology$2,347--$2,347
Office Expenses$1,025$1,216-$2,241
Conferences and Meetings$1,163--$1,163
Total Functional Expenses$449,247$109,042$3,706$561,995
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$270,980$270,980→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Payable$7,342
Simple Plan Payable$100
Payroll Taxes Payable$29
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Robert & kathleen leitch are married.

Form 990, Part VI, Section A, Line 6

Kathleen leitch is the president, board member and sole stockholder.

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

Stockholder and directors hold elections.

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

Decisions are subject to approval of stockholder and directors.

Form 990, Part VI, Section B, Line 11

Provided at board meeting - reviewed and open for questions and comments.

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

Officers and directors and key employees are covered under policy and information is updated and reviewed annually at management level.

Form 990, Part VI, Section C, Line 18

AVAILABLE UPON REQUEST.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Renaissance School Inc
EIN
65-0591474
Phone
2392752022
Address
37 BARKLEY CIRCLE, FORT MYERS, FL 33907

Signing Officer

Name
Kathleen Leitch
Title
President
Phone
2392752022
Signed
2017-04-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathleen Leitch
Formed
1995
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
3
Employees
19
Volunteers
24

Preparer

Firm
Markham Norton Mosteller Wright & Co
Address
8961 CONFERENCE DRIVE SUITE 1, FORT MYERS, FL 33919
Preparer
Karen Mosteller
Phone
2394335554
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The school's tax filings are subject to audit by various taxing authorities. The financial accounting standards board has issued guidance on accounting for uncertainty in income taxes and the school has adopted this guidance. The school has evaluated its tax positions and any estimates utilized in its tax returns, and concluded that it has taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. Interest and penalties associated with uncertain tax positions will be recognized in income tax expense, if required. The school's form 990, return of organization exempt from income tax, for the years ending june 30, 2013 and forward, remains open for examination by federal taxing authorities.

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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0512829
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-88250
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0456884
IRS990/SavingsAndTempCashInvstGrp/EOYAmt030006
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt07634
IRS990ScheduleD/EquipmentGrp/DepreciationAmt072297
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt079931
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt014825
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt030932
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt045757
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07342
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt129
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAXES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SIMPLE PLAN PAYABLE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL'S TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE FINANCIAL ACCOUNTING STANDARDS BOARD HAS ISSUED GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND THE SCHOOL HAS ADOPTED THIS GUIDANCE. THE SCHOOL HAS EVALUATED ITS TAX POSITIONS AND ANY ESTIMATES UTILIZED IN ITS TAX RETURNS, AND CONCLUDED THAT IT HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS WILL BE RECOGNIZED IN INCOME TAX EXPENSE, IF REQUIRED. THE SCHOOL'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FOR THE YEARS ENDING JUNE 30, 2013 AND FORWARD, REMAINS OPEN FOR EXAMINATION BY FEDERAL TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt022459
IRS990ScheduleD/TotalLiabilityAmt07471
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NONDISCRIMINATORY POLICY PUBLICIZED IN ADVERTISING
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0270980
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0TO PROVIDE SCHOOL WITH NECESSARY WORKING CAPITAL.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0270980
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0KATHLEEN LEITCH
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt0270980
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ROBERT & KATHLEEN LEITCH ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1KATHLEEN LEITCH IS THE PRESIDENT, BOARD MEMBER AND SOLE STOCKHOLDER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2STOCKHOLDER AND DIRECTORS HOLD ELECTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DECISIONS ARE SUBJECT TO APPROVAL OF STOCKHOLDER AND DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROVIDED AT BOARD MEETING - REVIEWED AND OPEN FOR QUESTIONS AND COMMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OFFICERS AND DIRECTORS AND KEY EMPLOYEES ARE COVERED UNDER POLICY AND INFORMATION IS UPDATED AND REVIEWED ANNUALLY AT MANAGEMENT LEVEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt012794
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0158832
IRS990/TotalAssetsEOYAmt071454
IRS990/TotalAssetsGrp/BOYAmt0158832
IRS990/TotalAssetsGrp/EOYAmt071454
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt016855
IRS990/TotalEmployeeCnt019
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03706
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0109042
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0449247
IRS990/TotalFunctionalExpensesGrp/TotalAmt0561995
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0282867
IRS990/TotalLiabilitiesEOYAmt0283739
IRS990/TotalLiabilitiesGrp/BOYAmt0282867
IRS990/TotalLiabilitiesGrp/EOYAmt0283739
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-124035
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-212285
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0449247
IRS990/TotalProgramServiceRevenueAmt0455554
IRS990/TotalReportableCompFromOrgAmt019168
IRS990/TotalRevenueGrp/ExclusionAmt06
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0456884
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0473745
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt024
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0158832
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt071454
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt07794
IRS990/TravelGrp/TotalAmt07794
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-136829
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-212285

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