Civic Intelligence

Northwest Ohio Classical Academy

990 • Fiscal year 2022 • EIN 81-2072724

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 06, 2023

5025 Glendale AveToledo, OH 43614

(567) 420-6180

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.86x

Higher debt load relative to assets than 92% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

86th percentile

0.88x

Higher debt load relative to revenue than 86% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

63rd percentile

15%

Higher net margin than 63% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

96th percentile

156%

Faster asset growth than 96% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

81st percentile

47%

Faster revenue growth than 81% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$4,461,911

Up $2,721,400 (+156%) from 2021

Net Assets

Up

$609,825

Up $641,356 (+2034%) from 2021

Liabilities

Up

$3,852,086

Up $2,080,044 (+117%) from 2021

Revenue

Up

$4,372,218

Up $1,406,679 (+47%) from 2021

Expenses

Up

$3,730,862

Up $626,493 (+20%) from 2021

Net Income

Up

$641,356

Up $780,186 (+562%) from 2021

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2016: $1Liabilities 2016: $02016Assets 2017: $0Net Assets 2017: $02017Assets 2018: $0Net Assets 2018: $02018Assets 2019: $131,795Net Assets 2019: $131,7952019Assets 2020: $552,931Liabilities 2020: $445,632Net Assets 2020: $107,2992020Assets 2021: $1,740,511Liabilities 2021: $1,772,042Net Assets 2021: -$31,5312021Assets 2022: $4,461,911Liabilities 2022: $3,852,086Net Assets 2022: $609,8252022Assets 2023: $12,849,376Liabilities 2023: $13,408,810Net Assets 2023: -$559,4342023Assets 2024: $12,615,105Liabilities 2024: $13,664,104Net Assets 2024: -$1,048,9992024

Highlighted filing

2022

Assets$4,461,911
Liabilities$3,852,086
Net Assets$609,825

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2016: $2,360Expenses 2016: $2,360Net Income 2016: $02016Revenue 2017: $2,247Expenses 2017: $2,247Net Income 2017: $02017Revenue 2018: $6,000Expenses 2018: $6,000Net Income 2018: $02018Revenue 2019: $181,212Expenses 2019: $49,417Net Income 2019: $131,7952019Revenue 2020: $1,849,505Expenses 2020: $1,868,101Net Income 2020: -$18,5962020Revenue 2021: $2,965,539Expenses 2021: $3,104,369Net Income 2021: -$138,8302021Revenue 2022: $4,372,218Expenses 2022: $3,730,862Net Income 2022: $641,3562022Revenue 2023: $4,466,935Expenses 2023: $5,636,194Net Income 2023: -$1,169,2592023Revenue 2024: $5,253,382Expenses 2024: $5,742,947Net Income 2024: -$489,5652024

Highlighted filing

2022

Revenue$4,372,218
Expenses$3,730,862
Net Income$641,356
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 6, 2023
Return Version
2021v4.2
Gross Receipts
$4,372,218
Mission and Program Overview

Mission

CHARTER SCHOOL

To train the minds and improve the hearts of young people through a rigorous, content-rich classical curriculum in the liberal arts and sciences, one that produces thoughtful leaders and virtuous citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$1,265,854$1,992,756▲ $726,902
Land, Buildings, and Equipment, Net$16,978$1,298,287▲ $1,281,309
Pledges and Grants Receivable$34,765$600,962▲ $566,197
Cash and Non-Interest-Bearing Accounts$322,517$396,670▲ $74,153
Accounts Receivable$1,099$1,099→ $0
Total Assets$1,740,511$4,461,911▲ $2,721,400
Other Assets Total$99,298$172,137▲ $72,839
Liabilities
Other Liabilities$1,378,975$1,729,442▲ $350,467
Deferred Revenue$130,951$1,224,554▲ $1,093,603
Accounts Payable and Accrued Expenses$162,116$898,090▲ $735,974
Unsecured Notes Loans Payable$100,000--
Total Liabilities$1,772,042$3,852,086▲ $2,080,044
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-31,531$609,825▲ $641,356
Total Net Assets Fund Balance$-31,531$609,825▲ $641,356
Total Liabilities and Net Assets / Fund Balance$1,740,511$4,461,911▲ $2,721,400

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$748,351-$748,351
Buildings$526,393$140,372$666,765
Equipment$15,204$10,220$25,424
Leasehold Improvements$8,339$10,286$18,625
Compensation and Service Providers

Board Members and Trustees

NameTitle
Anna WoycikDirector
Ben BuckenmeyerDirector
Eleanor KempDirector
Janet RaganDirector
Matthew DietrichDirector
Robert PrugerDirector
Steven KoralewskiDirector
Jeffrey a Foster CPAFiscal Officer
Stephanie AtayaFiscal Officer
Ann CurrieSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$4,300,953
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$71,265
Change in Net Assets
$641,356

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,372,218
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,372,218
Total Revenue per Form 990
$4,372,218
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,338,086
Other Expenses$1,392,776
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,586,786--$1,586,786
Fees for Services Management$751,545--$751,545
Other Employee Benefits$751,300--$751,300
Depreciation Depletion-$150,781-$150,781
Fees for Services Legal$85,092--$85,092
Other Expenses-$63,993-$63,993
Interest-$17,609-$17,609
Total Functional Expenses$3,174,723$556,139$0$3,730,862

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,730,862
Total Expenses per Audited Statements$3,730,862
Total Expenses per Form 990$3,730,862
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Pension & Opeb Liability$1,326,850
Long Term Portion of Lease Payable$402,592
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

There are no committees that may act on behalf of the full board of directors.

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

A copy of the completed form 990 is sent to the board president and fiscal officer to be reviewed and signed before filing.

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

The governing authority review the conflict of interest policy annually.

Form 990, Part VI, Section C, Line 19

Upon written or verbal request, documents are made available to the public. However, for the end of the year unaudited financials, a public notice is placed in the local papers stating that the unaudited financials are available for review.

Filing and Contact Details

Filer

Filer Name
Northwest Ohio Classical Academy
EIN
81-2072724
Phone
5674206180
Address
5025 GLENDALE AVE, TOLEDO, OH 43614

Signing Officer

Name
Stephanie Ataya
Title
Fiscal Officer
Phone
5674206180
Signed
2023-04-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephanie Ataya
Formed
2018
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
75
Volunteers
6

Preparer

Firm
Marcum Llp
Address
3320 WEST MARKET STREET STE 300, FAIRLAWN, OH 44333
Preparer
Jeffrey a Foster CPA
Phone
3305648500
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization does have a committee that assumes oversight responsibility of the audit, review of its financial statements, and selection of an independent accountant. This has not changed since the prior year.

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IRS990ScheduleD/EquipmentGrp/DepreciationAmt010220
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt025424
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03730862
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt08339
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt010286
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt018625
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0748351
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0748351
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01326850
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1402592
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PENSION & OPEB LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LONG TERM PORTION OF LEASE PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04372218
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01298287
IRS990ScheduleD/TotalExpensesPerForm990Amt03730862
IRS990ScheduleD/TotalLiabilityAmt01729442
IRS990ScheduleD/TotalRevenuePerForm990Amt04372218
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04372218
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03730862
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0A STATEMENT READING "ALL EDUCATIONAL PROGRAMS ARE AVAILABLE WITHOUT REGARD TO RACE, COLOR, NATIONAL ORIGIN, SEX OR DISABILITY" IS ALWAYS INCLUDED. THIS STATEMENT IS PUBLISHED IN THE PARENT/STUDENT HANDBOOK, BOARD POLICY BOOK AND ON THE WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT PROVIDE SCHOLARSHIPS OR FINANCIAL ASSISTANCE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL CURRENTLY PARTICIPATES IN THE STATE FOUNDATION PROGRAM, FACILITIES AID, AND CASINO TAX DISTRIBUTIONS, WHICH ARE REFLECTED UNDER "OPERATING REVENUES" ON THE STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION. REVENUES RECEIVED FROM THESE PROGRAMS ARE RECOGNIZED AS OPERATING REVENUE IN THE ACCOUNTING PERIOD IN WHICH ALL ELIGIBILITY REQUIREMENTS HAVE BEEN MET.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES THAT MAY ACT ON BEHALF OF THE FULL BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE COMPLETED FORM 990 IS SENT TO THE BOARD PRESIDENT AND FISCAL OFFICER TO BE REVIEWED AND SIGNED BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING AUTHORITY REVIEW THE CONFLICT OF INTEREST POLICY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON WRITTEN OR VERBAL REQUEST, DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC. HOWEVER, FOR THE END OF THE YEAR UNAUDITED FINANCIALS, A PUBLIC NOTICE IS PLACED IN THE LOCAL PAPERS STATING THAT THE UNAUDITED FINANCIALS ARE AVAILABLE FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DOES HAVE A COMMITTEE THAT ASSUMES OVERSIGHT RESPONSIBILITY OF THE AUDIT, REVIEW OF ITS FINANCIAL STATEMENTS, AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS HAS NOT CHANGED SINCE THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01740511
IRS990/TotalAssetsEOYAmt04461911
IRS990/TotalAssetsGrp/BOYAmt01740511
IRS990/TotalAssetsGrp/EOYAmt04461911
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt04300953
IRS990/TotalEmployeeCnt075
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0556139
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03174723
IRS990/TotalFunctionalExpensesGrp/TotalAmt03730862
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01772042
IRS990/TotalLiabilitiesEOYAmt03852086
IRS990/TotalLiabilitiesGrp/BOYAmt01772042
IRS990/TotalLiabilitiesGrp/EOYAmt03852086
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-31531
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0609825
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03174723
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt071265
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04372218
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01740511
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04461911
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0100000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05025 GLENDALE AVE
IRS990/USAddress/CityNm0TOLEDO
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd043614
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.NOCACADEMY.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHANIE ATAYA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FISCAL OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum05674206180
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NORTHWEST OHIO CLASSICAL ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0NORT
ReturnHeader/Filer/EIN0812072724
ReturnHeader/Filer/PhoneNum05674206180
ReturnHeader/Filer/USAddress/AddressLine1Txt05025 GLENDALE AVE
ReturnHeader/Filer/USAddress/CityNm0TOLEDO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd043614
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0111986323
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARCUM LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03320 WEST MARKET STREET STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FAIRLAWN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd044333

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