Ignite Academy Inc.

990EZ • Fiscal year 2020 • EIN 81-4874677

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 21, 2020

Organization Profile WWW.IGNITEACADEMY.EDUCATION

3023 Riders PassOdessa, FL 33556

(727) 900-6164

Siviq Scores

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

0.27x

Higher debt load relative to assets than 83% of similar nonprofits.

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

0.02x

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

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

7.8%

Higher net margin than 54% of similar nonprofits.

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

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

3495%

Faster asset growth than 99% of similar nonprofits.

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

78%

Faster revenue growth than 92% of similar nonprofits.

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

Balance Sheet

Liabilities / Assets83rd percentile

Assets

$13,481

Up $13,106 (+3495%) from 2019

Net Assets

$9,819

Up $11,705 (+621%) from 2019

Liabilities

$3,662

Up $1,401 (+62%) from 2019

Revenue And Expenses

Liabilities / Revenue67th percentile Net Margin54th percentile

Revenue

$149,607

Up $65,586 (+78%) from 2019

Expenses

$137,902

Up $48,162 (+54%) from 2019

Net Income

$11,705

Up $17,424 (+305%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

Highlighted filing

2020

Assets$13,481

Liabilities$3,662

Net Assets$9,819

Open 2020 Filing

Operations Trend

Revenue Growth92nd percentile

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

Highlighted filing

2020

Revenue$149,607

Expenses$137,902

Net Income$11,705

Open 2020 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2019 to Jun 30, 2020
Signed: Oct 21, 2020
Return Version: 2019v5.1
Gross Receipts: $149,607

Mission and Program Overview

Mission

Create learning environments that ignite boundless growth by immersing kids in real health to impact the world

EDUCATION FOR CHILDREN

Program Services

Description	Grants	Expenses
HELPING CHILDREN THRIVE BY CONNECTING KIDS TO THEIR STORY, BUILDING OVERALL HEALTH AND EQUIPPING THE FAMILY	-	$750

Compensation and Service Providers

Top Officer Pay76th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
JUSTIN GINGERICH	President	PT	$0	-	-
JESSICA SERRANO	Vice President	-	$0	-	-

Fundraising, Events, and Gaming

Fundraising Events

Event	Gross Receipts	Gross Revenue	Direct Expenses	Net Income
None	-	-	-	-

Filing and Contact Details

Filer

Filer Name: Ignite Academy Inc
EIN: 81-4874677
Address: 3023 RIDERS PASS, ODESSA, FL 33556

Signing Officer

Name: Justin Gingerich
Title: President
Phone: 7279006164
Signed: 2020-10-21
Discuss with paid preparer: No

Preparer

Firm: Louis Haskel CPA PA
Address: 415 S San Remo Ave, Clearwater, FL 33756-6045
Preparer: Louis Haskel
Phone: 7274411040

Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

“Description amountmiscellaneous income 200after school care 271”

Description of other expenses Part I line 16

“Description amounttexts & instructional materials 2,721school supplies 1,604software subscriptions 1,560insurance 1,917marketing 10,570admin & janitorial supplies 432professional development 244miscellaneous 235deminimis furniture & equipment 2,453permits 112student testing 325food service 34hospitality 370other admin expenses 1,321”

Description of other assets Part II line 24

“Category beginning of year end of yearsecurity deposits 250 0rounding 1 0”

Description of total liabilities Part II line 26

“Category beginning of year end of yearcredit card payable 1,424 1,547payroll liabilities 837 2,001rounding 0 2advance deposits 0 112”

Raw XML Appendix143 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.

Path	#	Value
IRS990EZ/ActivitiesNotPreviouslyRptInd	0	false
IRS990EZ/BooksInCareOfDetail/PersonNm	0	JUSTIN GINGERICH
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	7279006164
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	3117 EGRET TERR
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	SAFETY HARBOR
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	FL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	34695
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	124
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	13481
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	false
IRS990EZ/DonorAdvisedFndsInd	0	false
IRS990EZ/EngagedInExcessBenefitTransInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	11705
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	6936
IRS990EZ/FiledScheduleAInd	0	true
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	375
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	13481
IRS990EZ/FundraisingGrossIncomeAmt	0	57772
IRS990EZ/GrossReceiptsAmt	0	149607
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/LandAndBuildingsGrp/BOYAmt	0	0
IRS990EZ/LandAndBuildingsGrp/EOYAmt	0	0
IRS990EZ/LobbyingActivitiesInd	0	false
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MethodOfAccountingCashInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	-1886
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	9819
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	-1886
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	9819
IRS990EZ/OccupancyRentUtltsAndMaintAmt	0	16500
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	8.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	0.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	JUSTIN GINGERICH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	JESSICA SERRANO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	VICE PRESIDENT
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	251
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	0
IRS990EZ/OtherExpensesTotalAmt	0	23898
IRS990EZ/OtherRevenueTotalAmt	0	471
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	EDUCATION FOR CHILDREN
IRS990EZ/ProgramServiceRevenueAmt	0	91364
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	HELPING CHILDREN THRIVE BY CONNECTING KIDS TO THEIR STORY, BUILDING OVERALL HEALTH AND EQUIPPING THE FAMILY
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	750
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/SalariesOtherCompEmplBnftAmt	0	90568
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SchoolOperatingInd	0	true
IRS990EZ/SpecialEventsNetIncomeLossAmt	0	57772
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	2261
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	3662
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	137902
IRS990EZ/TotalProgramServiceExpensesAmt	0	750
IRS990EZ/TotalRevenueAmt	0	149607
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	WWW.IGNITEACADEMY.EDUCATION
IRS990ScheduleA/SchoolInd	0	X
IRS990ScheduleE/ComplianceWithRevProc7550Ind	0	true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd	0	false
IRS990ScheduleE/DiscriminateRaceAthltProgInd	0	false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd	0	false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd	0	false
IRS990ScheduleE/DiscriminateRaceOtherActyInd	0	false
IRS990ScheduleE/DiscriminateRaceSchsInd	0	false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd	0	false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd	0	false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd	0	false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd	0	false
IRS990ScheduleE/MaintainCpyOfAllSolInd	0	true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd	0	true
IRS990ScheduleE/MaintainRacialCompRecsInd	0	true
IRS990ScheduleE/MaintainScholarshipsRecsInd	0	true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd	0	true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd	0	true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd	0	true
IRS990ScheduleG/AgrmtProfFundraisingActyInd	0	false
IRS990ScheduleG/EmailSolicitationsInd	0	X
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm	0	NONE
IRS990ScheduleG/InPersonSolicitationsInd	0	X
IRS990ScheduleG/LicensedStatesCd	0	FL
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd	0	X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	DESCRIPTION AMOUNTMISCELLANEOUS INCOME 200AFTER SCHOOL CARE 271
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	DESCRIPTION AMOUNTTEXTS & INSTRUCTIONAL MATERIALS 2,721SCHOOL SUPPLIES 1,604SOFTWARE SUBSCRIPTIONS 1,560INSURANCE 1,917MARKETING 10,570ADMIN & JANITORIAL SUPPLIES 432PROFESSIONAL DEVELOPMENT 244MISCELLANEOUS 235DEMINIMIS FURNITURE & EQUIPMENT 2,453PERMITS 112STUDENT TESTING 325FOOD SERVICE 34HOSPITALITY 370OTHER ADMIN EXPENSES 1,321
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	CATEGORY BEGINNING OF YEAR END OF YEARSECURITY DEPOSITS 250 0ROUNDING 1 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	CATEGORY BEGINNING OF YEAR END OF YEARCREDIT CARD PAYABLE 1,424 1,547PAYROLL LIABILITIES 837 2,001ROUNDING 0 2ADVANCE DEPOSITS 0 112
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Description of other revenue Part I line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	Description of total liabilities Part II line 26
ReturnHeader/BuildTS	0	2021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	false
ReturnHeader/BusinessOfficerGrp/PersonNm	0	JUSTIN GINGERICH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	7279006164
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2020-10-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	IGNITE ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt	0	IGNI
ReturnHeader/Filer/EIN	0	814874677
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	3023 RIDERS PASS
ReturnHeader/Filer/USAddress/CityNm	0	ODESSA
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	FL
ReturnHeader/Filer/USAddress/ZIPCd	0	33556
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId	0	A6D2BA441482CC13902FC5E1F6144BF79DCF2447
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId	0	A6D2BA441482CC13902FC5E1F6144BF79DCF2447
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId	0	5937142020303xuqzxwc
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt	0	2020-10-29
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd	0	P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt	0	97.76.172.142
ReturnHeader/FilingSecurityInformation/IPDt	0	2020-10-29
ReturnHeader/FilingSecurityInformation/IPTm	0	11:09:21
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	593291639
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	Louis Haskel CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	415 S San Remo Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	Clearwater
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	337566045
ReturnHeader/PreparerPersonGrp/PhoneNum	0	7274411040
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2020-10-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	Louis Haskel
ReturnHeader/ReturnTs	0	2020-10-29T11:08:14-04:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2019-07-01
ReturnHeader/TaxPeriodEndDt	0	2020-06-30
ReturnHeader/TaxYr	0	2019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $13,481
Liabilities: $3,662
Net assets: $9,819
Revenue: $149,607
Expenses: $137,902
Net income: $11,705

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.80	$0.01	$0.79	$1.37	$1.13	$0.24
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.56	$0.02	$0.55	$1.13	$0.90	$0.22
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.33	$0.00	$0.33	$0.93	$0.80	$0.13
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.22	$0.02	$0.20	$0.59	$0.46	$0.13
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.09	$0.01	$0.07	$0.35	$0.29	$0.06
2020Detailed filing. Detailed filing data is available for this year.	$0.01	$0.00	$0.01	$0.15	$0.14	$0.01
2019Detailed filing. Detailed filing data is available for this year.	$0.00	$0.00	$0.00	$0.08	$0.09	$0.01