Civic Intelligence

Individual Education Plan Academy Inc

990 • Fiscal year 2024 • EIN 81-4236838

Jul 01, 2023 to Jun 30, 2024 • Filed on Apr 11, 2025

Organization ProfileN/A

View Organization Page

1515 Michigan AvenueKissimmee, FL 34741

(407) 729-5974

Siviq Scores

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

Liabilities / Assets

81st percentile

0.59x

Higher debt load relative to assets than 81% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

72nd percentile

0.59x

Higher debt load relative to revenue than 72% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

63rd percentile

10%

Higher net margin than 63% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

22nd percentile

$104,000

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

98th percentile

159%

Faster asset growth than 98% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

59th percentile

12%

Faster revenue growth than 59% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$19,490,498

Up $11,951,219 (+159%) from 2023

Net Assets

Up

$7,955,436

Up $451,470 (+6.0%) from 2023

Liabilities

Up

$11,535,062

Up $11,499,749 (+32565%) from 2023

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin63rd percentile

Revenue

Up

$19,700,140

Up $2,133,963 (+12%) from 2023

Expenses

Up

$17,646,858

Up $2,015,390 (+13%) from 2023

Net Income

Up

$2,053,282

Up $118,573 (+6.1%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$20M$15M$10M$5.0M$0Assets 2018: $10,920Liabilities 2018: $1,067Net Assets 2018: $9,8532018Assets 2019: $109,291Liabilities 2019: $1,067Net Assets 2019: $108,2242019Assets 2020: $1,008,036Liabilities 2020: $0Net Assets 2020: $1,008,0362020Assets 2021: $1,187,762Liabilities 2021: $0Net Assets 2021: $1,187,7622021Assets 2022: $5,569,257Liabilities 2022: $0Net Assets 2022: $5,569,2572022Assets 2023: $7,539,279Liabilities 2023: $35,313Net Assets 2023: $7,503,9662023Assets 2024: $19,490,498Liabilities 2024: $11,535,062Net Assets 2024: $7,955,4362024Assets 2025: $18,426,762Liabilities 2025: $9,276,601Net Assets 2025: $9,150,1612025

Highlighted filing

2024

Assets$19,490,498
Liabilities$11,535,062
Net Assets$7,955,436
Open 2024 Filing

Operations Trend

Revenue Growth59th percentile

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

$30M$20M$10M$0Revenue 2018: $1,508,884Expenses 2018: $1,499,031Net Income 2018: $9,8532018Revenue 2019: $1,799,442Expenses 2019: $1,701,071Net Income 2019: $98,3712019Revenue 2020: $2,396,370Expenses 2020: $1,480,187Net Income 2020: $916,1832020Revenue 2021: $1,400,880Expenses 2021: $847,818Net Income 2021: $553,0622021Revenue 2022: $16,453,075Expenses 2022: $12,071,580Net Income 2022: $4,381,4952022Revenue 2023: $17,566,177Expenses 2023: $15,631,468Net Income 2023: $1,934,7092023Revenue 2024: $19,700,140Expenses 2024: $17,646,858Net Income 2024: $2,053,2822024Revenue 2025: $23,862,483Expenses 2025: $22,667,758Net Income 2025: $1,194,7252025

Highlighted filing

2024

Revenue$19,700,140
Expenses$17,646,858
Net Income$2,053,282
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 11, 2025
Return Version
2023v6.0
Gross Receipts
$19,700,140
Mission and Program Overview

Mission

EDUCATIONAL TUITION PLAN

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$5,673,911$5,703,499▲ $29,588
Cash and Non-Interest-Bearing Accounts$1,813,455$3,550,762▲ $1,737,307
Land, Buildings, and Equipment, Net$0$10,778▲ $10,778
Total Assets$7,539,279$19,490,498▲ $11,951,219
Other Assets Total$51,913$10,225,459▲ $10,173,546
Liabilities
Other Liabilities$0$11,146,847▲ $11,146,847
Accounts Payable and Accrued Expenses$35,313$361,281▲ $325,968
Unsecured Notes Loans Payable$0$26,934▲ $26,934
Total Liabilities$35,313$11,535,062▲ $11,499,749
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,503,966$7,955,436▲ $451,470
Total Net Assets Fund Balance$7,503,966$7,955,436▲ $451,470
Total Liabilities and Net Assets / Fund Balance$7,539,279$19,490,498▲ $11,951,219

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,778$663$11,441
Other Assets Org$10,173,586--
Compensation and Service Providers
Top Officer Pay22nd percentile

Employees

NameTitleBaseTotal
Pete BaldwinDirector$104,000$104,000
Steven WhiteacreDirector$104,000$104,000
Revenue and Support

Revenue Composition

Contributions and Grants
$1,620,111
Program Service Revenue
$18,029,732
Investment Income
$45,224
Other Revenue
$5,073
All Other Contributions
$600
Change in Net Assets
$2,053,282

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,700,140
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$19,700,140
Total Revenue per Form 990
$19,700,140
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,855,937
Salaries, Compensation, and Employee Benefits$8,790,921
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,854,980$872,776-$8,727,756
All Other Expenses$1,759,343$46,618-$1,805,961
Occupancy$1,595,401$177,267-$1,772,668
Insurance$705,732$78,415-$784,147
Other Expenses$405,636$96,128-$405,636
Office Expenses$328,464$36,496-$364,960
Depreciation Depletion$160,090$17,714-$177,804
Advertising$170,271--$170,271
Fees for Services Other$103,885$11,543-$115,428
Other Employee Benefits$56,849$6,316-$63,165
Travel$42,821--$42,821
Interest-$18,518-$18,518
Conferences and Meetings$9,500--$9,500
Total Functional Expenses$16,285,067$1,361,791$0$17,646,858

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$17,646,858
Total Expenses per Audited Statements$17,646,858
Total Expenses per Form 990$17,646,858
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
Operating Leases$11,146,847
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
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

“No review of 990 conducted”

Form 990, Part VI, Section C, Line 19

“Governing documents are not made available to the public”

Filing and Contact Details

Filer

Filer Name
Individual Education Plan Academy Inc
EIN
81-4236838
Phone
4077295974
Address
1515 MICHIGAN AVENUE, KISSIMMEE, FL 34741

Signing Officer

Name
Steven Whiteacre
Title
President
Phone
4077295974
Signed
2025-04-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Whiteacre
Formed
2016
Legal Domicile
Fl
Voting Board Members
2
Independent Board Members
2
Employees
395
Volunteers
0

Preparer

Firm
Schafer Tschopp Whitcomb Et Al
Address
541 S ORLANDO AVENUE SUITE 312, MAITLAND, FL 32751
Preparer
Thomas Tschopp
Phone
4078752760
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Utilities: program service expenses 343,315. Management and general expenses 38,146. Fundraising expenses 0. Total expenses 381,461. School supplies: program service expenses 367,088. Management and general expenses 0. Fundraising expenses 0. Total expenses 367,088. Summer camp and field trips: program service expenses 298,653. Management and general expenses 0. Fundraising expenses 0. Total expenses 298,653. Property taxes: program service expenses 259,037. Management and general expenses 0. Fundraising expenses 0. Total expenses 259,037. Dues and subscriptions: program service expenses 132,693. Management and general expenses 0. Fundraising expenses 0. Total expenses 132,693. Meals: program service expenses 110,447. Management and general expenses 0. Fundraising expenses 0. Total expenses 110,447. Cable, telephone & internet: program service expenses 76,252. Management and general expenses 8,472. Fundraising expenses 0. Total expenses 84,724. Security: program service expenses 77,620. Management and general expenses 0. Fundraising expenses 0. Total expenses 77,620. Other expenses: program service expenses 52,100. Management and general expenses 0. Fundraising expenses 0. Total expenses 52,100. Health & wellness: program service expenses 31,983. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,983. Donations: program service expenses 10,155. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,155.”

FORM 990, PART XI, LINE 9:

“Net adjustments based on audited 6/30/23 financial statements -1,601,812.”

Financial Statement Notes

PART X, LINE 2:

“Under financial accounting standards board's (the "fasb") accounting standards codification 740, an entity's income tax returns are subject to examination by the applicable taxing authorities. The time period during which a return may be selected by a taxing authority for examination generally ends at the later of three years after the initial due date of the return or three years after the return is filed. At june 30, 2024, iepa's tax years that remain subject to examination are 2021 through 2023.”

Raw XML Appendix368 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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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/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECEIVES SCHOLARSHIP STIPENDS THROUGH THE FLORIDA TAX SCHOLARSHIP PROGRAM. THESE STIPENDS ARE PAID TO PARENTS OF STUDENTS AND ARE ENDORSED TO THE ORGANIZATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW OF 990 CONDUCTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UTILITIES: PROGRAM SERVICE EXPENSES 343,315. MANAGEMENT AND GENERAL EXPENSES 38,146. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 381,461. SCHOOL SUPPLIES: PROGRAM SERVICE EXPENSES 367,088. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 367,088. SUMMER CAMP AND FIELD TRIPS: PROGRAM SERVICE EXPENSES 298,653. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 298,653. PROPERTY TAXES: PROGRAM SERVICE EXPENSES 259,037. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 259,037. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 132,693. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 132,693. MEALS: PROGRAM SERVICE EXPENSES 110,447. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 110,447. CABLE, TELEPHONE & INTERNET: PROGRAM SERVICE EXPENSES 76,252. MANAGEMENT AND GENERAL EXPENSES 8,472. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 84,724. SECURITY: PROGRAM SERVICE EXPENSES 77,620. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 77,620. OTHER EXPENSES: PROGRAM SERVICE EXPENSES 52,100. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 52,100. HEALTH & WELLNESS: PROGRAM SERVICE EXPENSES 31,983. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,983. DONATIONS: PROGRAM SERVICE EXPENSES 10,155. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,155.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NET ADJUSTMENTS BASED ON AUDITED 6/30/23 FINANCIAL STATEMENTS -1,601,812.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07539279
IRS990/TotalAssetsEOYAmt019490498
IRS990/TotalAssetsGrp/BOYAmt07539279
IRS990/TotalAssetsGrp/EOYAmt019490498
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01620111
IRS990/TotalEmployeeCnt0395
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01361791
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt016285067
IRS990/TotalFunctionalExpensesGrp/TotalAmt017646858
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt035313
IRS990/TotalLiabilitiesEOYAmt011535062
IRS990/TotalLiabilitiesGrp/BOYAmt035313
IRS990/TotalLiabilitiesGrp/EOYAmt011535062
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07503966
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07955436
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt016285067
IRS990/TotalProgramServiceRevenueAmt018029732
IRS990/TotalReportableCompFromOrgAmt0208000
IRS990/TotalRevenueGrp/ExclusionAmt045224
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt018034805
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt019700140
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07539279
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt019490498
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt042821
IRS990/TravelGrp/TotalAmt042821
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt026934
IRS990/USAddress/AddressLine1Txt01515 MICHIGAN AVENUE
IRS990/USAddress/CityNm0KISSIMMEE
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd034741
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVEN WHITEACRE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04077295974
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDIVIDUAL EDUCATION PLAN ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0INDI
ReturnHeader/Filer/EIN0814236838
ReturnHeader/Filer/PhoneNum04077295974
ReturnHeader/Filer/USAddress/AddressLine1Txt01515 MICHIGAN AVENUE
ReturnHeader/Filer/USAddress/CityNm0KISSIMMEE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd034741
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261472386
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHAFER TSCHOPP WHITCOMB ET AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0541 S ORLANDO AVENUE SUITE 312
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MAITLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032751
ReturnHeader/PreparerPersonGrp/PhoneNum04078752760
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS TSCHOPP
ReturnHeader/ReturnTs02025-04-11T09:53:03-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,490,498
Liabilities
$11,535,062
Net assets
$7,955,436
Revenue
$19,700,140
Expenses
$17,646,858
Net income
$2,053,282
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$18.4$9.28$9.15$23.9$22.7$1.19
2024Detailed filing. Detailed filing data is available for this year.$19.5$11.5$7.96$19.7$17.6$2.05
2023Detailed filing. Detailed filing data is available for this year.$7.54$0.04$7.50$17.6$15.6$1.93
2022Detailed filing. Detailed filing data is available for this year.$5.57$0.00$5.57$16.5$12.1$4.38
2021Summary only. Only limited summary data is available for this year.$1.19$0.00$1.19$1.40$0.85$0.55
2020Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$2.40$1.48$0.92
2019Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$1.80$1.70$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$1.51$1.50$0.01