Civic Intelligence

Inspired for Excellence Academy Inc

990 • Fiscal year 2014 • EIN 80-0235914

Aug 01, 2013 to Jul 31, 2014 • Filed on Mar 16, 2015

Organization Profile
6201 Bissonnet77081

(713) 773-3600

Siviq Scores

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

Liabilities / Assets

99th percentile

3.87x

Higher debt load relative to assets than 99% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

88th percentile

1.51x

Higher debt load relative to revenue than 88% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

4th percentile

-64%

Higher net margin than 4% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

70th percentile

$100,000

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 9.6% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

1st percentile

-65%

Faster asset growth than 1% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

30th percentile

-3.7%

Faster revenue growth than 30% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2014

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$404,797

Down $761,324 (-65%) from 2013

Net Assets

Down

-$1,161,912

Down $1,424,714 (-542%) from 2013

Liabilities

Up

$1,566,709

Up $663,390 (+73%) from 2013

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin4th percentile

Revenue

$1,037,559

No earlier filing loaded for comparison.

Expenses

Up

$1,702,142

Up $621,306 (+57%) from 2013

Net Income

-$664,583

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: $1,184,015Liabilities 2010: $529,824Net Assets 2010: $654,1912010Assets 2011: $1,615,279Liabilities 2011: $916,209Net Assets 2011: $699,0702011Assets 2012: $1,121,796Liabilities 2012: $515,916Net Assets 2012: $605,8802012Assets 2013: $1,166,121Liabilities 2013: $903,319Net Assets 2013: $262,8022013Assets 2014: $404,797Liabilities 2014: $1,566,709Net Assets 2014: -$1,161,9122014Assets 2015: $330,702Liabilities 2015: $1,879,899Net Assets 2015: -$1,549,1972015Assets 2016: $284,985Liabilities 2016: $2,248,948Net Assets 2016: -$1,963,9632016Assets 2017: $56,156Liabilities 2017: $2,408,486Net Assets 2017: -$2,352,3302017Assets 2018: $365,382Liabilities 2018: $2,724,440Net Assets 2018: -$2,359,0582018Assets 2019: $502,277Liabilities 2019: $2,533,406Net Assets 2019: -$2,031,1292019

Highlighted filing

2014

Assets$404,797
Liabilities$1,566,709
Net Assets-$1,161,912
Open 2014 Filing

Operations Trend

Revenue Growth30th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2010: $595,160Expenses 2010: $669,258Net Income 2010: -$74,0982010Revenue 2011: $1,162,340Expenses 2011: $942,245Net Income 2011: $220,0952011Expenses 2012: $1,072,2832012Expenses 2013: $1,080,8362013Revenue 2014: $1,037,559Expenses 2014: $1,702,142Net Income 2014: -$664,5832014Revenue 2015: $1,336,669Expenses 2015: $1,723,954Net Income 2015: -$387,2852015Revenue 2016: $784,389Expenses 2016: $1,199,155Net Income 2016: -$414,7662016Revenue 2017: $930,638Expenses 2017: $1,319,005Net Income 2017: -$388,3672017Revenue 2018: $1,667,475Expenses 2018: $1,674,203Net Income 2018: -$6,7282018Revenue 2019: $1,750,562Expenses 2019: $1,422,633Net Income 2019: $327,9292019

Highlighted filing

2014

Revenue$1,037,559
Expenses$1,702,142
Net Income-$664,583
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2013 to Jul 31, 2014
Signed
Mar 16, 2015
Return Version
2013v4.0
Gross Receipts
$1,037,559
Mission and Program Overview

Mission

Inspried academy will provide an acelerated educational program for over aged elementary and middle school students that will address students academic and social deficits.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$443,545$303,254▼ $140,291
Accounts Receivable$547,513$65,969▼ $481,544
Cash and Non-Interest-Bearing Accounts$175,063$35,574▼ $139,489
Total Assets$1,166,121$404,797▼ $761,324
Liabilities
Accounts Payable and Accrued Expenses$110,534$1,033,631▲ $923,097
Other Liabilities$473,211--
Deferred Revenue$319,574$413,078▲ $93,504
Mortgage Notes Payable Secured by Investment Property-$120,000-
Total Liabilities$903,319$1,566,709▲ $663,390
Net Assets / Fund Balance
Temporarily Rstr Net Assets$262,802$-1,161,912▼ $1,424,714
Total Net Assets Fund Balance$262,802$-1,161,912▼ $1,424,714
Total Liabilities and Net Assets / Fund Balance$1,166,121$404,797▼ $761,324

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$282,497$418,960$701,457
Leasehold Improvements$20,757$25,371$46,128
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Lois BullockHead of SchoolsPT$100,000$100,000

Board Members and Trustees

NameTitle
Atty Melvin HoustonPresident
Joyce BethanySeceretary
Brandy OpalTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Houston Independent School DistrictRent & Utilities-$197,470
Revenue and Support

Revenue Composition

Contributions and Grants
$1,037,559
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-664,583

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,037,559
Total Revenue per Audited Statements
$1,037,559
Total Revenue per Form 990
$1,037,559
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,151,420
Salaries, Compensation, and Employee Benefits$550,722
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$494,782--$494,782
Fees for Services Other$427,836--$427,836
Occupancy$325,830--$325,830
All Other Expenses$183,675--$183,675
Depreciation Depletion$140,291--$140,291
Payroll Taxes$51,016--$51,016
Fees for Services Accounting-$20,190-$20,190
Insurance$9,911--$9,911
Travel$8,712--$8,712
Office Expenses$8,213--$8,213
Other Employee Benefits$4,924--$4,924
Interest$2,427--$2,427
Other Expenses$754--$754
Total Functional Expenses$1,681,952$20,190$0$1,702,142

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,702,142
Total Expenses per Audited Statements$1,702,142
Total Expenses per Form 990$1,702,142
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
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

Governance Explanations

Form 990 governing body review Part VI line 11

“Draft is prepared by outside accounting firm.the board is given draft of 990 before its is filed.”

Conflict of interest policy compliance Part VI line 12C

“This policy is reviewed and enforced by the board of directors at its annual meeting.conflict of interest must be disclosed by each efected party.”

CEO executive director top management comp Part VI line 15A

“The board of directors as a whole review and evaluates the head of schools performance for annual salary.”

Other officer or key employee compensation Part VI line 15B

“The board designates the executive director to review and recommend salary increases for other employees.”

Form 990 availability to public Part VI line 18

“Governing documents, financial statements and conflict of interest documents are available to the public by request only at the main office.”

Governing documents etc available to public Part VI line 19

“Governing documents, final statement statement and conflict of interest documents are available to the public by request only.”

Filing and Contact Details

Filer

EIN
80-0235914

Signing Officer

Name
Lois Bullock
Title
Head of Schools
Phone
7137733600
Signed
2015-03-16
Discuss with paid preparer
No

Organization Details

Formed
2008
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
32

Preparer

Preparer
Walter D Davis
Phone
7135222020
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“Contract services $312,458other professional services $59,760repair & maintenance $52,973janitorial supplies $2,645”

List of other expenses Part IX line 24E

“Moving relocation $9,977printing and reporduction $6,998equipment $119,227musical equipment $14,612facilities supplies $2,460reading materials $21,638testing materials $7,304food supplies $1,455”

Raw XML Appendix350 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DRAFT IS PREPARED BY OUTSIDE ACCOUNTING FIRM.THE BOARD IS GIVEN DRAFT OF 990 BEFORE ITS IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THIS POLICY IS REVIEWED AND ENFORCED BY THE BOARD OF DIRECTORS AT ITS ANNUAL MEETING.CONFLICT OF INTEREST MUST BE DISCLOSED BY EACH EFECTED PARTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS AS A WHOLE REVIEW AND EVALUATES THE HEAD OF SCHOOLS PERFORMANCE FOR ANNUAL SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD DESIGNATES THE EXECUTIVE DIRECTOR TO REVIEW AND RECOMMEND SALARY INCREASES FOR OTHER EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST DOCUMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST ONLY AT THE MAIN OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, FINAL STATEMENT STATEMENT AND CONFLICT OF INTEREST DOCUMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST ONLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONTRACT SERVICES $312,458OTHER PROFESSIONAL SERVICES $59,760REPAIR & MAINTENANCE $52,973JANITORIAL SUPPLIES $2,645
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MOVING RELOCATION $9,977PRINTING AND REPORDUCTION $6,998EQUIPMENT $119,227MUSICAL EQUIPMENT $14,612FACILITIES SUPPLIES $2,460READING MATERIALS $21,638TESTING MATERIALS $7,304FOOD SUPPLIES $1,455
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other expenses Part IX line 24e
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TotalContributionsAmt01037559
IRS990/TotalEmployeeCnt032
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020190
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01681952
IRS990/TotalFunctionalExpensesGrp/TotalAmt01702142
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0903319
IRS990/TotalLiabilitiesEOYAmt01566709
IRS990/TotalLiabilitiesGrp/BOYAmt0903319
IRS990/TotalLiabilitiesGrp/EOYAmt01566709
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0262802
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1161912
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01681952
IRS990/TotalReportableCompFromOrgAmt0100000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01037559
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01166121
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0404797
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt08712
IRS990/TravelGrp/TotalAmt08712
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0LOIS BULLOCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOLS
ReturnHeader/BusinessOfficerGrp/PhoneNum07137733600
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-03-16
ReturnHeader/Filer/BusinessName/BusinessNameLine10INSPIRED FOR EXCELLENCE ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0INSP
ReturnHeader/Filer/EIN0800235914
ReturnHeader/Filer/USAddress/AddressLine106201 BISSONNET
ReturnHeader/Filer/USAddress/City0Houston
ReturnHeader/Filer/USAddress/State0TX
ReturnHeader/Filer/USAddress/ZIPCode077081
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0760592043
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10WALTER D DAVIS CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10P O BOX 36466
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Houston
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode077236
ReturnHeader/PreparerPersonGrp/PhoneNum07135222020
ReturnHeader/PreparerPersonGrp/PreparationDt02015-02-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Walter D Davis
ReturnHeader/ReturnTs02015-03-16T10:15:55-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-08-01
ReturnHeader/TaxPeriodEndDt02014-07-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$404,797
Liabilities
$1,566,709
Net assets
-$1,161,912
Revenue
$1,037,559
Expenses
$1,702,142
Net income
-$664,583
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.50$2.53$2.03$1.75$1.42$0.33
2018Summary only. Only limited summary data is available for this year.$0.37$2.72$2.36$1.67$1.67$0.01
2017Summary only. Only limited summary data is available for this year.$0.06$2.41$2.35$0.93$1.32$0.39
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.28$2.25$1.96$0.78$1.20$0.41
2015Detailed filing. Detailed filing data is available for this year.$0.33$1.88$1.55$1.34$1.72$0.39
2014Detailed filing. Detailed filing data is available for this year.$0.40$1.57$1.16$1.04$1.70$0.66
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$0.90$0.26$1.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.52$0.61$1.07
2011Summary only. Only limited summary data is available for this year.$1.62$0.92$0.70$1.16$0.94$0.22
2010Summary only. Only limited summary data is available for this year.$1.18$0.53$0.65$0.60$0.67$0.07
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • $1M-$5M nonprofits