Civic Intelligence

Inspired for Excellence Academy Inc

990 • Fiscal year 2015 • EIN 80-0235914

Aug 01, 2014 to Jul 31, 2015 • Filed on Feb 24, 2016

Organization Profile
6201 BissonetHouston, TX 77081

(713) 773-3600

Siviq Scores

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

Liabilities / Assets

99th percentile

5.68x

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

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

Liabilities / Revenue

87th percentile

1.41x

Higher debt load relative to revenue than 87% of similar nonprofits.

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

Net Margin

11th percentile

-29%

Higher net margin than 11% of similar nonprofits.

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

Top Officer Pay

69th percentile

$100,000

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

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

Asset Growth

7th percentile

-18%

Faster asset growth than 7% of similar nonprofits.

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

Revenue Growth

82nd percentile

29%

Faster revenue growth than 82% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$330,702

Down $74,095 (-18%) from 2014

Net Assets

Down

-$1,549,197

Down $387,285 (-33%) from 2014

Liabilities

Up

$1,879,899

Up $313,190 (+20%) from 2014

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin11th percentile

Revenue

Up

$1,336,669

Up $299,110 (+29%) from 2014

Expenses

Up

$1,723,954

Up $21,812 (+1.3%) from 2014

Net Income

Up

-$387,285

Up $277,298 (+42%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth7th 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

2015

Assets$330,702
Liabilities$1,879,899
Net Assets-$1,549,197
Open 2015 Filing

Operations Trend

Revenue Growth82nd 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

2015

Revenue$1,336,669
Expenses$1,723,954
Net Income-$387,285
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2014 to Jul 31, 2015
Signed
Feb 24, 2016
Return Version
2014v6.0
Gross Receipts
$1,336,669
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$303,254$163,005▼ $140,249
Cash and Non-Interest-Bearing Accounts$35,574$131,287▲ $95,713
Accounts Receivable$65,969$36,410▼ $29,559
Total Assets$404,797$330,702▼ $74,095
Liabilities
Accounts Payable and Accrued Expenses$1,033,631$1,504,079▲ $470,448
Deferred Revenue$413,078$375,820▼ $37,258
Mortgage Notes Payable Secured by Investment Property$120,000--
Total Liabilities$1,566,709$1,879,899▲ $313,190
Net Assets / Fund Balance
Unrestricted Net Assets$-1,161,912$-1,549,197▼ $387,285
Total Net Assets Fund Balance$-1,161,912$-1,549,197▼ $387,285
Total Liabilities and Net Assets / Fund Balance$404,797$330,702▼ $74,095

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$163,005$538,452$701,457
Leasehold Improvements-$46,128$46,128
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

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

Board Members and Trustees

NameTitle
Atty Melvin HoustonPresident
Joyce BethanySecretary
Brandy OpalTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Houston Independent School DistrictRent-faclities-off4400 W 18TH, Houston, TX 77092$177,792
Revenue and Support

Revenue Composition

Contributions and Grants
$1,336,669
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$18,446
Change in Net Assets
$-387,285

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,336,669
Total Revenue per Audited Statements
$1,336,669
Total Revenue per Form 990
$1,336,669
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$960,095
Salaries, Compensation, and Employee Benefits$763,859
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$677,333--$677,333
Fees for Services Other$424,512--$424,512
Occupancy$306,345--$306,345
Depreciation Depletion$140,249--$140,249
Payroll Taxes$73,189--$73,189
Fees for Services Accounting-$32,750-$32,750
Insurance$18,686--$18,686
Office Expenses$14,747--$14,747
Other Employee Benefits$13,337--$13,337
Travel$8,855--$8,855
All Other Expenses$6,691--$6,691
Other Expenses$4,244--$4,244
Interest$1,003--$1,003
Total Functional Expenses$1,691,204$32,750$0$1,723,954

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,723,954
Total Expenses per Audited Statements$1,723,954
Total Expenses per Form 990$1,723,954
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

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

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

Filer Name
Inspired for Excellence Academy Inc
EIN
80-0235914
Address
6201 BISSONET, Houston, TX 77081

Signing Officer

Name
Lois Bullock
Title
Head of School
Phone
7137733600
Signed
2016-02-24
Discuss with paid preparer
No

Organization Details

Formed
2008
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
33
Volunteers
5

Preparer

Firm
Walter D Davis CPA
Address
P O BOX 36466, Houston, TX 77236
Preparer
Walter D Davis
Phone
7135222020
Supplemental Narrative

Additional Explanations

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

“6219-other professional services $7,7156220-contract services $355,6286249-repair & maintenance $28,4686250-janitorial supplies and material $5576319-janitoral supplies and material $52436320-facilities supplies and maintenance$2,2596321-textbooks supplies $2,2306329-reading materials and supplies $16,0936339-testing materials$6,6786341-food supplies (386)6343-postage and delivery services$27”

List of other expenses Part IX line 24E

“6492-printing and reproduction $306497-bank service charges/fees $10606639-equipment $5,601”

Raw XML Appendix349 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/ExplanationTxt4THE BOARD DESIGNATES THE EXECUTIVE DIRECTOR TO REVIEW AND RECOMMEND SALARY INCREASES FOR OTHER EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, FINAL STATEMENT STATEMENT AND CONFLICT OF INTEREST DOCUMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST ONLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt66219-OTHER PROFESSIONAL SERVICES $7,7156220-CONTRACT SERVICES $355,6286249-REPAIR & MAINTENANCE $28,4686250-JANITORIAL SUPPLIES AND MATERIAL $5576319-JANITORAL SUPPLIES AND MATERIAL $52436320-FACILITIES SUPPLIES AND MAINTENANCE$2,2596321-TEXTBOOKS SUPPLIES $2,2306329-READING MATERIALS AND SUPPLIES $16,0936339-TESTING MATERIALS$6,6786341-FOOD SUPPLIES (386)6343-POSTAGE AND DELIVERY SERVICES$27
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt76492-PRINTING AND REPRODUCTION $306497-BANK SERVICE CHARGES/FEES $10606639-EQUIPMENT $5,601
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/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0404797
IRS990/TotalAssetsEOYAmt0330702
IRS990/TotalAssetsGrp/BOYAmt0404797
IRS990/TotalAssetsGrp/EOYAmt0330702
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01336669
IRS990/TotalEmployeeCnt033
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt032750
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01691204
IRS990/TotalFunctionalExpensesGrp/TotalAmt01723954
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01566709
IRS990/TotalLiabilitiesEOYAmt01879899
IRS990/TotalLiabilitiesGrp/BOYAmt01566709
IRS990/TotalLiabilitiesGrp/EOYAmt01879899
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1161912
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1549197
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01691204
IRS990/TotalReportableCompFromOrgAmt0100000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01336669
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0404797
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0330702
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt08855
IRS990/TravelGrp/TotalAmt08855
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1161912
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1549197
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0LOIS BULLOCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOL
ReturnHeader/BusinessOfficerGrp/PhoneNum07137733600
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INSPIRED FOR EXCELLENCE ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0INSP
ReturnHeader/Filer/EIN0800235914
ReturnHeader/Filer/USAddress/AddressLine1Txt06201 BISSONET
ReturnHeader/Filer/USAddress/CityNm0Houston
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077081
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0760592043
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WALTER D DAVIS CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O BOX 36466
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Houston
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077236
ReturnHeader/PreparerPersonGrp/PhoneNum07135222020
ReturnHeader/PreparerPersonGrp/PreparationDt02016-02-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Walter D Davis
ReturnHeader/ReturnTs02016-02-24T13:18:48-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-08-01
ReturnHeader/TaxPeriodEndDt02015-07-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$330,702
Liabilities
$1,879,899
Net assets
-$1,549,197
Revenue
$1,336,669
Expenses
$1,723,954
Net income
-$387,285
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