Civic Intelligence

Ignite Pitt Inc

990 • Fiscal year 2018 • EIN 81-1324775

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 10, 2019

Organization Profilewww.ignitepitt.com
PO Box 30784Greenville, NC 27834

(252) 689-6744

Siviq Scores

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

Liabilities / Assets

97th percentile

1.73x

Higher debt load relative to assets than 97% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

44th percentile

0.07x

Higher debt load relative to revenue than 44% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

42nd percentile

0.6%

Higher net margin than 42% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

98th percentile

229%

Faster asset growth than 98% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

88th percentile

52%

Faster revenue growth than 88% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$85,335

Up $59,365 (+229%) from 2017

Net Assets

Up

-$62,669

Up $12,699 (+17%) from 2017

Liabilities

Up

$148,004

Up $46,666 (+46%) from 2017

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin42nd percentile

Revenue

Up

$2,116,079

Up $723,888 (+52%) from 2017

Expenses

Up

$2,103,380

Up $635,821 (+43%) from 2017

Net Income

Up

$12,699

Up $88,067 (+117%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$200K$100K$0-$100K-$200KAssets 2017: $25,970Liabilities 2017: $101,338Net Assets 2017: -$75,3682017Assets 2018: $85,335Liabilities 2018: $148,004Net Assets 2018: -$62,6692018Assets 2019: $68,494Liabilities 2019: $168,779Net Assets 2019: -$100,2852019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2018

Assets$85,335
Liabilities$148,004
Net Assets-$62,669
Open 2018 Filing

Operations Trend

Revenue Growth88th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $1,392,191Expenses 2017: $1,467,559Net Income 2017: -$75,3682017Revenue 2018: $2,116,079Expenses 2018: $2,103,380Net Income 2018: $12,6992018Revenue 2019: $1,805,860Expenses 2019: $1,784,163Net Income 2019: $21,6972019Revenue 2020: $1,749,588Expenses 2020: $1,647,754Net Income 2020: $101,8342020

Highlighted filing

2018

Revenue$2,116,079
Expenses$2,103,380
Net Income$12,699
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 10, 2019
Return Version
2017v2.3
Gross Receipts
$2,116,079
Mission and Program Overview

Mission

Operation of a public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$17,129$78,520▲ $61,391
Land, Buildings, and Equipment, Net$6,762$6,056▼ $706
Accounts Receivable$2,079--
Prepaid Expenses and Deferred Charges-$759-
Total Assets$25,970$85,335▲ $59,365
Liabilities
Mortgage Notes Payable Secured by Investment Property$80,000$137,896▲ $57,896
Accounts Payable and Accrued Expenses$10,443--
Other Liabilities$10,895$10,108▼ $787
Total Liabilities$101,338$148,004▲ $46,666
Net Assets / Fund Balance
Unrestricted Net Assets$-75,368$-62,669▲ $12,699
Total Net Assets Fund Balance$-75,368$-62,669▲ $12,699
Total Liabilities and Net Assets / Fund Balance$25,970$85,335▲ $59,365

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,056$1,004$7,060
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Hector MolinaChair
Melissia LarsonVice Chair
Amy LeggettBoard Member
Bobbie-Jo GrinderBoard Member
Alan BrockTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$130,880
Program Service Revenue
$1,985,199
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$12,699

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,116,079
Total Revenue per Audited Statements
$2,116,079
Total Revenue per Form 990
$2,116,079
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,152,285
Other Expenses$951,095
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$823,901$70,217-$894,118
Occupancy$343,389$114,463-$457,852
Other Employee Benefits$145,871$3,125-$148,996
Payroll Taxes$68,061$4,767-$72,828
Pension Plan Contributions$33,997$2,346-$36,343
Advertising-$29,884-$29,884
Insurance-$20,922-$20,922
Conferences and Meetings$11,712--$11,712
Fees for Services Accounting-$7,700-$7,700
Other Expenses$152,799$3,562-$3,562
Fees for Services Legal-$2,043-$2,043
Depreciation Depletion$706--$706
Total Functional Expenses$1,646,166$457,214$0$2,103,380

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,103,380
Total Expenses per Audited Statements$2,103,380
Total Expenses per Form 990$2,103,380
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$10,108
Compensated Absences-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The board treasurer reviews the 990 and reports to the board of directors prior to filing.”

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

“Each board member is required to execute a conflict of interest statement and confidentiality agreement annually. Any potential conflict of interest is reviewed and resolved by the board of directors.”

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

“Compensation for top officials is approved by the board of directors and is based on review of area comparability data and the experience and expertise of the individual.”

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

“Compensation for key employees is approved by the board of directors and is based on review of area comparability data and the experience and expertise of the individual.”

Form 990, Part VI, Section C, Line 19

“Governing documents, school policies and financial statements are available for viewing by the public at the Schools office upon request.”

Filing and Contact Details

Filer

Filer Name
Ignite Pitt Inc
EIN
81-1324775
Phone
2526896744
Address
PO Box 30784, Greenville, NC 27834
Doing Business As
Ignite Innovation Academy - Pitt

Signing Officer

Name
Hector Molina
Title
Board Chair
Phone
2526896744
Signed
2019-01-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hector Molina
Formed
2013
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
41
Volunteers
15

Preparer

Firm
Rebekah Barr CPA PC
Address
5422 Boswellville Road, Wilson, NC 27893
Preparer
Rebekah Barr
Phone
2522306294
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation for key employees is approved by the board of directors and is based on review of area comparability data and the experience and expertise of the individual.
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01646166
IRS990/TotalFunctionalExpensesGrp/TotalAmt02103380
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-75368
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Hector Molina
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board Chair
ReturnHeader/BusinessOfficerGrp/PhoneNum02526896744
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-01-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Ignite Pitt Inc
ReturnHeader/Filer/BusinessNameControlTxt0IGNI
ReturnHeader/Filer/EIN0811324775
ReturnHeader/Filer/PhoneNum02526896744
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 30784
ReturnHeader/Filer/USAddress/CityNm0Greenville
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId05F9737B0F227446FD1AF0DE930E53A4CE2250ECB
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId05F9737B0F227446FD1AF0DE930E53A4CE2250ECB
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.77.12.134
ReturnHeader/FilingSecurityInformation/IPDt02019-01-10
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm014:57:12
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Rebekah Barr CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05422 Boswellville Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Wilson
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027893
ReturnHeader/PreparerPersonGrp/PhoneNum02522306294
ReturnHeader/PreparerPersonGrp/PreparationDt02019-01-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Rebekah Barr
ReturnHeader/ReturnTs02019-01-10T10:23:49-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$85,335
Liabilities
$148,004
Net assets
-$62,669
Revenue
$2,116,079
Expenses
$2,103,380
Net income
$12,699
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.75$1.65$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.07$0.17$0.10$1.81$1.78$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.09$0.15$0.06$2.12$2.10$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.03$0.10$0.08$1.39$1.47$0.08