Civic Intelligence

Directors Academy Inc.

990EZ • Fiscal year 2020 • EIN 81-3228776

Jan 01, 2020 to Dec 31, 2020 • Filed on May 14, 2021

26 Ocean Club DriveFernandina Beach, FL 32034

(312) 576-8151

Siviq Scores

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

Liabilities / Assets

65th percentile

0.02x

Higher debt load relative to assets than 65% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

67th percentile

0.03x

Higher debt load relative to revenue than 67% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

25th percentile

-15%

Higher net margin than 25% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

25th percentile

-12%

Faster asset growth than 25% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

16th percentile

-62%

Faster revenue growth than 16% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$42,819

Down $5,799 (-12%) from 2019

Net Assets

Down

$41,951

Down $3,007 (-6.7%) from 2019

Liabilities

Down

$868

Down $2,792 (-76%) from 2019

Revenue

Down

$31,828

Down $51,464 (-62%) from 2019

Expenses

Down

$36,496

Down $117,730 (-76%) from 2019

Net Income

Up

-$4,668

Up $66,266 (+93%) from 2019

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2016: $89,739Liabilities 2016: $456Net Assets 2016: $89,2832016Assets 2017: $88,418Liabilities 2017: $456Net Assets 2017: $87,9622017Assets 2018: $115,941Liabilities 2018: $49Net Assets 2018: $115,8922018Assets 2019: $48,618Liabilities 2019: $3,660Net Assets 2019: $44,9582019Assets 2020: $42,819Liabilities 2020: $868Net Assets 2020: $41,9512020Assets 2021: $276,872Liabilities 2021: $1,182Net Assets 2021: $275,6902021Assets 2022: $498,293Liabilities 2022: $15,119Net Assets 2022: $483,1742022Assets 2023: $739,027Liabilities 2023: $735Net Assets 2023: $738,2922023Assets 2024: $690,042Liabilities 2024: $979Net Assets 2024: $689,0632024

Highlighted filing

2020

Assets$42,819
Liabilities$868
Net Assets$41,951

Operations Trend

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

$400K$200K$0-$200KRevenue 2016: $152,604Expenses 2016: $63,321Net Income 2016: $89,2832016Revenue 2017: $123,641Expenses 2017: $124,962Net Income 2017: -$1,3212017Revenue 2018: $198,797Expenses 2018: $170,867Net Income 2018: $27,9302018Revenue 2019: $83,292Expenses 2019: $154,226Net Income 2019: -$70,9342019Revenue 2020: $31,828Expenses 2020: $36,496Net Income 2020: -$4,6682020Revenue 2021: $284,870Expenses 2021: $51,131Net Income 2021: $233,7392021Revenue 2022: $328,652Expenses 2022: $121,168Net Income 2022: $207,4842022Revenue 2023: $377,142Expenses 2023: $122,024Net Income 2023: $255,1182023Revenue 2024: $55,482Expenses 2024: $104,711Net Income 2024: -$49,2292024

Highlighted filing

2020

Revenue$31,828
Expenses$36,496
Net Income-$4,668
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 14, 2021
Return Version
2020v4.1
Gross Receipts
$31,828
Mission and Program Overview

Mission

Our purpose is to identify, develop and advance the next generation of diverse board members and future board leaders.

Program Services

DescriptionGrantsExpenses
NEXTGEN DIRECTOR PROGRAM THE ACADEMY PROVIDES CORPORATE GOVERNANCE EDUCATION AND TRAINING FOR FUTURE CORPORATE BOARD MEMBERS FROM DIVERSE BACKGROUNDS WHO ARE UNDERREPRESENTED ON BOARDS OF DIRECTORS VIA A NEXTGEN DIRECTOR PROGRAM TO BETTER PREPARE THEMSELVES FOR THEIR FIRST CORPORATE BOARD EXPERIENCE. THE PROGRAM IS PRACTITIONER LED WITH A FACULTY OF 15-20 EXPERIENCED BOARD LEADERS FROM A WIDE VARIETY OF PUBLIC AND PRIVATE COMPANIES. THE TWO DAY PROGRAM COVERS A FULL RANGE OF CORPORATE DIRECTOR DUTIES AND RESPONSIBILITIES, THE WORK OF THE FULL BOARD AND EACH BOARD COMMITTEE, INTERACTIVE BOARD CASES AND GOVERNANCE BEST PRACTICE EXCHANGE. IN ADDITION, THE CLASS PARTICIPANTS REFINE THEIR BOARD VALUE PROPOSITIONS AND MEET WITH BOARD LEADERS TO BROADEN THEIR NETWORK AND SHARPEN THEIR ABILITY TO CONNECT WITH KEY DECISION MAKERS. AS PART OF THE PROGRAM, EACH CLASS MEMBER IS PROVIDED AN OPPORTUNITY TO BUILD RELATIONSHIPS WITH EXISTING BOARD LEADERS AND FURTHER REFINE THEIR SPECIFIC BOARD INTERESTS. WE PLAN TO IDENTIFY AND DEVELOPE APPROXIMATELY 100 FUTURE DIVERSE DIRECTORS EACH YEAR ACROSS THE U.S.$0$13,949
BOARD LEADERS PROGRAM THE BOARD LEADERS PROGRAM IS DESIGNED TO ACCELERATE THE ADVANCEMENT OF DIVERSE DIRECTORS INTO BOARD LEADERSHIP ROLES. THE PROGRAM WILL BE COMPRISED OF CURRENT DIVERSE BOARD MEMBERS WHO ASPIRE TO BECOME FUTURE BOARD COMMITTEE CHAIRS, LEAD DIRECTORS AND CHAIRMAN OF THE BOARD. EACH CLASS CURRICULUM INCLUDES EXPOSURE TO A COMPREHENSIVE BOARD LEADERSHIP MODEL THAT INCLUDES KEY STRUCTURAL, OPERATIONAL AND CULTURAL DRIVERS OF BOARD PERFORMANCE - FOR THE FULL BOARD AND EACH COMMITTEE. THE CURRICULUM INCORPORATES A STRONG SHAREHOLDER-CENTRIC FOCUS AND THE BENEFITS OF A PURPOSE-DRIVEN BUSINESS MODEL. THE PROGRAM WILL BE LED BY A GROUP OF CURRENT PUBLIC AND PRIVATE COMPANY BOARD LEADERS WITH SIGNIFICANT CORPORATE GOVERNANCE EXPERIENCE. OVER TIME, THE BOARD LEADERS PROGRAM WILL BECOME INTEGRATED WITH THE NEXTGEN DIRECTORS PROGRAM TO PROVIDE A SEAMLESS DEVELOPMENT PROCESS FOR FUTURE DIVERSE BOARD MEMBERS.$0$0
CORPORATE GOVERNANCE RESEARCH THE ACADEMY CONDUCTS CORPORATE GOVERNANCE BEST PRACTICE BENCHMARKING AND OTHER RESEARCH INITIATIVES FOR A VARIETY OF BOARD TYPES AND INDUSTRY SECTORS. THE RESEARCH EFFORTS ARE DESIGNED TO ENHANCE BOARD PERFORMANCE AND OVERALL ENTERPRISE VALUE CREATION CAPTURE.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JAMES D WHITEChairman-$0--
HEATHER WOLFDirector-$0--
KEITH MEYERPresident & TreasurerPT$0--
NIKO CANNERDirector-$0--
PAUL WILLIAMSDirector-$0--
BILLIE WILLIAMSONDirector-$0--
HEATHER HILESDirector-$0--
Filing and Contact Details

Filer

Filer Name
Directors Academy
EIN
81-3228776
Phone
3125768151
Address
26 OCEAN CLUB DRIVE, FERNANDINA BEACH, FL 32034

Signing Officer

Name
Topel Forman LLC
Title
President, Treasurer, Director
Phone
3125768151
Signed
2021-05-14
Discuss with paid preparer
Yes

Preparer

Firm
Topel Forman LLC
Address
500 N MICHIGAN AVE SUITE 1700, CHICAGO, IL 60611
Preparer
William Runowski
Phone
3126420006
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

Description: conferences, conventions. Amount: 13,949. Description: computer and internet. Amount: 491. Description: business registration fees. Amount: 62. Description: dues and subscriptions. Amount: 1,290. Description: insurance - liability, d&o. Amount: 2,209. Description: postage, mailing service. Amount: 11. Description: software. Amount: 1,320. Description: telephone, telecommunications. Amount: 696. Description: bank service charges. Amount: 595. Description: annual report. Amount: 125. Description: marketing & promotion. Amount: 144. Total to form 990-ez, line 16: 20,892.

Form 990-ez, Part I, Line 20 - Other Changes in Net Assets

Description: prior year accrual to cash adjustment. Amount: 1,661.

Form 990-ez, Part II, Line 24 - Other Assets

Description: due from affiliates. Beg. Of year amount: -1,661. End of year amount: 0. Description: due from others. Beg. Of year amount: 7,000. End of year amount: 0.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: due to affiliates. Beg. Of year amount: 159. End of year amount: 159. Description: due to others. Beg. Of year amount: 3,501. End of year amount: 709.

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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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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1BOARD LEADERS PROGRAM THE BOARD LEADERS PROGRAM IS DESIGNED TO ACCELERATE THE ADVANCEMENT OF DIVERSE DIRECTORS INTO BOARD LEADERSHIP ROLES. THE PROGRAM WILL BE COMPRISED OF CURRENT DIVERSE BOARD MEMBERS WHO ASPIRE TO BECOME FUTURE BOARD COMMITTEE CHAIRS, LEAD DIRECTORS AND CHAIRMAN OF THE BOARD. EACH CLASS CURRICULUM INCLUDES EXPOSURE TO A COMPREHENSIVE BOARD LEADERSHIP MODEL THAT INCLUDES KEY STRUCTURAL, OPERATIONAL AND CULTURAL DRIVERS OF BOARD PERFORMANCE - FOR THE FULL BOARD AND EACH COMMITTEE. THE CURRICULUM INCORPORATES A STRONG SHAREHOLDER-CENTRIC FOCUS AND THE BENEFITS OF A PURPOSE-DRIVEN BUSINESS MODEL. THE PROGRAM WILL BE LED BY A GROUP OF CURRENT PUBLIC AND PRIVATE COMPANY BOARD LEADERS WITH SIGNIFICANT CORPORATE GOVERNANCE EXPERIENCE. OVER TIME, THE BOARD LEADERS PROGRAM WILL BECOME INTEGRATED WITH THE NEXTGEN DIRECTORS PROGRAM TO PROVIDE A SEAMLESS DEVELOPMENT PROCESS FOR FUTURE DIVERSE BOARD MEMBERS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2CORPORATE GOVERNANCE RESEARCH THE ACADEMY CONDUCTS CORPORATE GOVERNANCE BEST PRACTICE BENCHMARKING AND OTHER RESEARCH INITIATIVES FOR A VARIETY OF BOARD TYPES AND INDUSTRY SECTORS. THE RESEARCH EFFORTS ARE DESIGNED TO ENHANCE BOARD PERFORMANCE AND OVERALL ENTERPRISE VALUE CREATION CAPTURE.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: CONFERENCES, CONVENTIONS. AMOUNT: 13,949. DESCRIPTION: COMPUTER AND INTERNET. AMOUNT: 491. DESCRIPTION: BUSINESS REGISTRATION FEES. AMOUNT: 62. DESCRIPTION: DUES AND SUBSCRIPTIONS. AMOUNT: 1,290. DESCRIPTION: INSURANCE - LIABILITY, D&O. AMOUNT: 2,209. DESCRIPTION: POSTAGE, MAILING SERVICE. AMOUNT: 11. DESCRIPTION: SOFTWARE. AMOUNT: 1,320. DESCRIPTION: TELEPHONE, TELECOMMUNICATIONS. AMOUNT: 696. DESCRIPTION: BANK SERVICE CHARGES. AMOUNT: 595. DESCRIPTION: ANNUAL REPORT. AMOUNT: 125. DESCRIPTION: MARKETING & PROMOTION. AMOUNT: 144. TOTAL TO FORM 990-EZ, LINE 16: 20,892.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: PRIOR YEAR ACCRUAL TO CASH ADJUSTMENT. AMOUNT: 1,661.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: DUE FROM AFFILIATES. BEG. OF YEAR AMOUNT: -1,661. END OF YEAR AMOUNT: 0. DESCRIPTION: DUE FROM OTHERS. BEG. OF YEAR AMOUNT: 7,000. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: DUE TO AFFILIATES. BEG. OF YEAR AMOUNT: 159. END OF YEAR AMOUNT: 159. DESCRIPTION: DUE TO OTHERS. BEG. OF YEAR AMOUNT: 3,501. END OF YEAR AMOUNT: 709.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TOPEL FORMAN LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0500 N MICHIGAN AVE SUITE 1700
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHICAGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060611
ReturnHeader/PreparerPersonGrp/PhoneNum03126420006
ReturnHeader/PreparerPersonGrp/PreparationDt02021-04-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM RUNOWSKI
ReturnHeader/ReturnTs02021-09-20T11:34:44-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TOPEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FORMAN LLC
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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