Civic Intelligence

Smart Academy

990 • Fiscal year 2019 • EIN 81-5056142

Jul 01, 2018 to Jun 30, 2019 • Filed on May 15, 2020

Organization ProfileSMARTACADEMYCLEVELAND.ORG
4351 E 131st StreetGarfield Heights, OH 44105

(216) 714-3801

Siviq Scores

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

Liabilities / Assets

99th percentile

6.88x

Higher debt load relative to assets than 99% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

96th percentile

1.02x

Higher debt load relative to revenue than 96% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

5th percentile

-85%

Higher net margin than 5% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

96th percentile

$73,786

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 17.9% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Balance Sheet
Liabilities / Assets99th percentile

Assets

$60,726

No earlier filing loaded for comparison.

Net Assets

-$357,004

No earlier filing loaded for comparison.

Liabilities

$417,730

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin5th percentile

Revenue

$411,430

No earlier filing loaded for comparison.

Expenses

$759,514

No earlier filing loaded for comparison.

Net Income

-$348,084

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$2.0M$1.0M$0-$1.0MAssets 2019: $60,726Liabilities 2019: $417,730Net Assets 2019: -$357,0042019Assets 2021: $295,841Liabilities 2021: $203,274Net Assets 2021: $92,5672021Assets 2022: $1,254,363Liabilities 2022: $1,709,277Net Assets 2022: -$454,9142022Assets 2023: $1,192,698Liabilities 2023: $1,872,299Net Assets 2023: -$679,6012023Assets 2024: $806,490Liabilities 2024: $1,675,102Net Assets 2024: -$868,6122024

Highlighted filing

2019

Assets$60,726
Liabilities$417,730
Net Assets-$357,004
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$2.0M$1.0M$0-$1.0MRevenue 2019: $411,430Expenses 2019: $759,514Net Income 2019: -$348,0842019Revenue 2021: $1,592,754Expenses 2021: $1,243,793Net Income 2021: $348,9612021Revenue 2022: $1,489,121Expenses 2022: $1,813,015Net Income 2022: -$323,8942022Revenue 2023: $1,773,044Expenses 2023: $1,997,731Net Income 2023: -$224,6872023Revenue 2024: $1,421,759Expenses 2024: $1,610,770Net Income 2024: -$189,0112024

Highlighted filing

2019

Revenue$411,430
Expenses$759,514
Net Income-$348,084
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 15, 2020
Return Version
2019v5.1
Gross Receipts
$411,430
Mission and Program Overview

Mission

Smart academy's mission is to provide all students in grades k-4 of the cleveland community a strong literacy-based educational program that creates a community in which reading, writing, speaking, listening, and thinking serve as a foundation for life-long learning. Literacy means not only the ability to read, write, speak, and listen, but also to use language to learn, think, and communicate effectively. Students with a strong literacy foundation will be far more capable of securing quality employment, leading fulfilling lives, improving their communities and becoming productive citizens of society. Smart academy also focuses on the holistic child. We, as the school leaders and governing board, will make decisions that include the parents and community, as these are two important elements that help foster a child's ability to learn and develop both academically and emotionally.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$0$25,213▲ $25,213
Cash and Non-Interest-Bearing Accounts$29,391$-9,228▼ $38,619
Total Assets$29,391$60,726▲ $31,335
Other Assets Total$0$44,741▲ $44,741
Liabilities
Mortgage Notes Payable Secured by Investment Property$75,000$245,048▲ $170,048
Accounts Payable and Accrued Expenses$1,860$172,682▲ $170,822
Total Liabilities$76,860$417,730▲ $340,870
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-47,469$-357,004▼ $309,535
Total Net Assets Fund Balance$-47,469$-357,004▼ $309,535
Total Liabilities and Net Assets / Fund Balance$29,391$60,726▲ $31,335

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$38,549--
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Robert AitkenSuperintendentFT$60,000$13,786$73,786

Board Members and Trustees

NameTitle
Craig MoroPresident
Elsie Hornsby-canadyMember
Joe NicklosSecretary
Bridget WilliamsTreasurer
Dr Sandra GoldenVice Presidnet
Revenue and Support

Revenue Composition

Contributions and Grants
$407,469
Program Service Revenue
$0
Investment Income
$3
Other Revenue
$3,958
All Other Contributions
$4,436
Change in Net Assets
$-348,084

Audited Revenue Reconciliation

Revenue per Audited Statements
$411,430
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$411,430
Total Revenue per Form 990
$411,430
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$382,474
Salaries, Compensation, and Employee Benefits$377,040
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$187,591$51,247-$238,838
Occupancy$97,046$10,783-$107,829
Office Expenses$80,477$18,909-$99,386
Fees for Services Other$77,797--$77,797
Current Officers, Directors, Trustees, and Key Employees-$60,000-$60,000
Pension Plan Contributions$42,193$8,523-$50,716
Fees for Services Legal-$31,243-$31,243
Other Employee Benefits$17,943--$17,943
Interest$14,825$1,647-$16,472
Fees for Services Accounting-$11,316-$11,316
Fees for Services Management-$10,013-$10,013
Payroll Taxes$9,543--$9,543
Insurance$8,515$946-$9,461
Information Technology$2,387$265-$2,652
Conferences and Meetings$2,250$250-$2,500
Advertising-$1,985-$1,985
Travel-$342-$342
Other Expenses$64$608-$64
Total Functional Expenses$540,631$218,883$0$759,514

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$759,514
Expenses per Audited Statements$720,965
Total Expenses per Audited Statements$720,965
Expenses Not Reported on Financial Statements$38,549
Other Expense Adjustments$38,549
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Bridget WilliamsTreasuer of the Board of DirectorsLoan Payable to BridgetNo$60,032
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
Yes
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 B, Line 11B

“The board of directors has approved filing the form 990 prior to their review for the current year only as long as the licensed school treasurer has reviewed it and board members are provided copies upon filing.”

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

“The school sponsor, on behalf of the ohio department of education collects conflict of interest statements as required and any interim updates.”

Form 990, Part VI, Section C, Line 19

“All documents were available upon request at the school's front office, or a written request to the school's legal counsel. Additionally, an annual review of the policies occurred during a public meeting where the public could hear determination of the policies”

Filing and Contact Details

Filer

Filer Name
Smart Academy
EIN
81-5056142
Phone
2167143801
Address
4351 E 131ST STREET, GARFIELD HEIGHTS, OH 44105

Signing Officer

Name
Thomas F Babb
Title
Treasurer
Phone
2167143801
Signed
2020-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas F Babb
Formed
2017
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
12
Volunteers
0

Preparer

Firm
Rea & Associates Inc
Address
941 STEUBENVILLE AVE PO BOX 820, CAMBRIDGE, OH 43725-0820
Preparer
Lane a Mccartney CPA
Phone
7404325658
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional fees: program service expenses 37,532. Management and general expenses 0. Fundraising expenses 0. Total expenses 37,532. Health services: program service expenses 2,253. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,253. Food services: program service expenses 38,012. Management and general expenses 0. Fundraising expenses 0. Total expenses 38,012.”

FORM 990, PART XI, LINE 9:

“Current period adjustment- adoption of gasb 68 and gasb 75 38,549.”

Form 990, Part XII, Line 2C

“The board of directors has assumed responsibility for oversight of the audit and selection of an independent accountant.”

Financial Statement Notes

PART X, LINE 2:

“This is a government entity, fin 48 does not apply.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Change in net pension liability 38,549.”

Raw XML AppendixShowing 400 of 416 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01860
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0172682
IRS990/AccountsReceivableGrp/BOYAmt00
IRS990/AccountsReceivableGrp/EOYAmt025213
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SMART ACADEMY'S MISSION IS TO PROVIDE ALL STUDENTS IN GRADES K-4 OF THE CLEVELAND COMMUNITY A STRONG LITERACY-BASED EDUCATIONAL PROGRAM THAT CREATES A COMMUNITY IN WHICH READING, WRITING, SPEAKING, LISTENING, AND THINKING SERVE AS A FOUNDATION FOR LIFE-LONG LEARNING. LITERACY MEANS NOT ONLY THE ABILITY TO READ, WRITE, SPEAK, AND LISTEN, BUT ALSO TO USE LANGUAGE TO LEARN, THINK, AND COMMUNICATE EFFECTIVELY. STUDENTS WITH A STRONG LITERACY FOUNDATION WILL BE FAR MORE CAPABLE OF SECURING QUALITY EMPLOYMENT, LEADING FULFILLING LIVES, IMPROVING THEIR COMMUNITIES AND BECOMING PRODUCTIVE CITIZENS OF SOCIETY. SMART ACADEMY ALSO FOCUSES ON THE HOLISTIC CHILD. WE, AS THE SCHOOL LEADERS AND GOVERNING BOARD, WILL MAKE DECISIONS THAT INCLUDE THE PARENTS AND COMMUNITY, AS THESE ARE TWO IMPORTANT ELEMENTS THAT HELP FOSTER A CHILD'S ABILITY TO LEARN AND DEVELOP BOTH ACADEMICALLY AND EMOTIONALLY.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt01985
IRS990/AdvertisingGrp/TotalAmt01985
IRS990/AllOtherContributionsAmt04436
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THOMAS F BABB & ROBERT AITKEN
IRS990/BooksInCareOfDetail/PhoneNum02167143801
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04351 E 131ST ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0GARFIELD HEIGHTS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OH
IRS990/BooksInCareOfDetail/USAddress/ZIPCd044105
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd01
IRS990/CashNonInterestBearingGrp/BOYAmt029391
IRS990/CashNonInterestBearingGrp/EOYAmt0-9228
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt060000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt060000
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0250
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt02250
IRS990/ConferencesMeetingsGrp/TotalAmt02500
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0407469
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt03
IRS990/CYOtherExpensesAmt0382474
IRS990/CYOtherRevenueAmt03958
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-348084
IRS990/CYSalariesCompEmpBnftPaidAmt0377040
IRS990/CYTotalExpensesAmt0759514
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0411430
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0PRIMARY EDUCATION - SERVED 41 STUDENTS IN KINDERGARTEN THROUGH FOURTH GRADE.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt012
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0540631
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt011316
IRS990/FeesForServicesAccountingGrp/TotalAmt011316
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt031243
IRS990/FeesForServicesLegalGrp/TotalAmt031243
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt010013
IRS990/FeesForServicesManagementGrp/TotalAmt010013
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt077797
IRS990/FeesForServicesOtherGrp/TotalAmt077797
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt513786
IRS990/Form990PartVIISectionAGrp/PersonNm0CRAIG MORO
IRS990/Form990PartVIISectionAGrp/PersonNm1DR SANDRA GOLDEN
IRS990/Form990PartVIISectionAGrp/PersonNm2JOE NICKLOS
IRS990/Form990PartVIISectionAGrp/PersonNm3BRIDGET WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm4ELSIE HORNSBY-CANADY
IRS990/Form990PartVIISectionAGrp/PersonNm5DR ROBERT AITKEN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt560000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDNET
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SUPERINTENDENT
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02017
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt0403033
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0411430
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0265
IRS990/InformationTechnologyGrp/ProgramServicesAmt02387
IRS990/InformationTechnologyGrp/TotalAmt02652
IRS990/InitialReturnInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0946
IRS990/InsuranceGrp/ProgramServicesAmt08515
IRS990/InsuranceGrp/TotalAmt09461
IRS990/InterestGrp/ManagementAndGeneralAmt01647
IRS990/InterestGrp/ProgramServicesAmt014825
IRS990/InterestGrp/TotalAmt016472
IRS990/InvestmentIncomeGrp/ExclusionAmt03
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0OH
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SMART ACADEMY'S MISSION IS TO PROVIDE ALL STUDENTS IN GRADES K-4 OF THE CLEVELAND COMMUNITY A STRONG LITERACY-BASED EDUCATIONAL PROGRAM THAT CREATES A COMMUNITY IN WHICH READING, WRITING, SPEAKING, LISTENING, AND THINKING SERVE AS A FOUNDATION FOR LIFE-LONG LEARNING. LITERACY MEANS NOT ONLY THE ABILITY TO READ, WRITE, SPEAK, AND LISTEN, BUT ALSO TO USE LANGUAGE TO LEARN, THINK, AND COMMUNICATE EFFECTIVELY. STUDENTS WITH A STRONG LITERACY FOUNDATION WILL BE FAR MORE CAPABLE OF SECURING QUALITY EMPLOYMENT, LEADING FULFILLING LIVES, IMPROVING THEIR COMMUNITIES AND BECOMING PRODUCTIVE CITIZENS OF SOCIETY. SMART ACADEMY ALSO FOCUSES ON THE HOLISTIC CHILD. WE, AS THE SCHOOL LEADERS AND GOVERNING BOARD, WILL MAKE DECISIONS THAT INCLUDE THE PARENTS AND COMMUNITY, AS THESE ARE TWO IMPORTANT ELEMENTS THAT HELP FOSTER A CHILD'S ABILITY TO LEARN AND DEVELOP BOTH ACADEMICALLY AND EMOTIONALLY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt075000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0245048
IRS990/NetAssetsOrFundBalancesBOYAmt0-47469
IRS990/NetAssetsOrFundBalancesEOYAmt0-357004
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-47469
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-357004
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt010783
IRS990/OccupancyGrp/ProgramServicesAmt097046
IRS990/OccupancyGrp/TotalAmt0107829
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt018909
IRS990/OfficeExpensesGrp/ProgramServicesAmt080477
IRS990/OfficeExpensesGrp/TotalAmt099386
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt044741
IRS990/OtherChangesInNetAssetsAmt038549
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt017943
IRS990/OtherEmployeeBenefitsGrp/TotalAmt017943
IRS990/OtherExpensesGrp/Desc0DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2SPONSOR FEE
IRS990/OtherExpensesGrp/Desc3BOND FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09194
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11612
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2608
IRS990/OtherExpensesGrp/ProgramServicesAmt064
IRS990/OtherExpensesGrp/TotalAmt09194
IRS990/OtherExpensesGrp/TotalAmt11612
IRS990/OtherExpensesGrp/TotalAmt2608
IRS990/OtherExpensesGrp/TotalAmt364
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03958
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03958
IRS990/OtherRevenueTotalAmt03958
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt051247
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0187591
IRS990/OtherSalariesAndWagesGrp/TotalAmt0238838
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt09543
IRS990/PayrollTaxesGrp/TotalAmt09543
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt08523
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt042193
IRS990/PensionPlanContributionsGrp/TotalAmt050716
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0THOMAS F BABB
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYExcessBenefitTransInd00
IRS990/PYInvestmentIncomeAmt01
IRS990/PYOtherExpensesAmt07602
IRS990/PYOtherRevenueAmt01859
IRS990/PYRevenuesLessExpensesAmt0-47469
IRS990/PYSalariesCompEmpBnftPaidAmt041727
IRS990/PYTotalExpensesAmt049329
IRS990/PYTotalRevenueAmt01860
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-348084
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03958
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt038549
IRS990ScheduleD/ExpensesSubtotalAmt0720965
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt06192
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt138549
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PENSION & PENSION BENEFITS
IRS990ScheduleD/OtherExpensesNotIncludedAmt038549
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0411430
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THIS IS A GOVERNMENT ENTITY, FIN 48 DOES NOT APPLY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CHANGE IN NET PENSION LIABILITY 38,549.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt044741
IRS990ScheduleD/TotalExpensesPerForm990Amt0759514
IRS990ScheduleD/TotalRevenuePerForm990Amt0411430
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0411430
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0720965
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/ExplanationTxt0OUR NONDISCRIMINATTION POLICY IS STATED ON OFFICIAL FORMS AND COMMUNICATIONS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL IS A CHARTER SCHOOL SUPPORTED BY OHIO TAXES AND BY LAW CANNOT CHARGE ANY TUITION.THERE IS THEREFORE NO NEED TO OFFER SCHOLARSHIPS OR FINANCIAL ASSISTANCE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL RECEIVES US DEPARTMENT OF EDUCATION TITLE FUNDING THOUGH THE OHIO DEPARTMENT OF EDUCATION TO SUPPLEMENT EDUCATIONAL PROGRAMS, PROVIDE ASSISTANCE TO STUDENTS IN NEED AND TO PROVIDE A SCHOOL LUNCH PROGRAM. THE STATE OF OHIO ALSO PROVIDES FUNDING FOR PROFESSIONAL DEVELOPMENT, DATA REPORTING AND COMMUNICATIONS. ALL SUCH FUNDS RECEIVED HAVE BEEN REPORTED AS GOVERNMENT CONTRIBUTIONS ON FORM 990 PART VIII, LINE 1E.
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
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0BRIDGET WILLIAMS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0TREASUER OF THE BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt060032
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0LOAN PAYABLE TO BRIDGET
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS HAS APPROVED FILING THE FORM 990 PRIOR TO THEIR REVIEW FOR THE CURRENT YEAR ONLY AS LONG AS THE LICENSED SCHOOL TREASURER HAS REVIEWED IT AND BOARD MEMBERS ARE PROVIDED COPIES UPON FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL SPONSOR, ON BEHALF OF THE OHIO DEPARTMENT OF EDUCATION COLLECTS CONFLICT OF INTEREST STATEMENTS AS REQUIRED AND ANY INTERIM UPDATES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DOCUMENTS WERE AVAILABLE UPON REQUEST AT THE SCHOOL'S FRONT OFFICE, OR A WRITTEN REQUEST TO THE SCHOOL'S LEGAL COUNSEL. ADDITIONALLY, AN ANNUAL REVIEW OF THE POLICIES OCCURRED DURING A PUBLIC MEETING WHERE THE PUBLIC COULD HEAR DETERMINATION OF THE POLICIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 37,532. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 37,532. HEALTH SERVICES: PROGRAM SERVICE EXPENSES 2,253. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,253. FOOD SERVICES: PROGRAM SERVICE EXPENSES 38,012. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 38,012.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CURRENT PERIOD ADJUSTMENT- ADOPTION OF GASB 68 AND GASB 75 38,549.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS HAS ASSUMED RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt029391
IRS990/TotalAssetsEOYAmt060726
IRS990/TotalAssetsGrp/BOYAmt029391
IRS990/TotalAssetsGrp/EOYAmt060726
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0407469
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0218883
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0540631
IRS990/TotalFunctionalExpensesGrp/TotalAmt0759514
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt076860
IRS990/TotalLiabilitiesEOYAmt0417730
IRS990/TotalLiabilitiesGrp/BOYAmt076860
IRS990/TotalLiabilitiesGrp/EOYAmt0417730
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-47469
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-357004
IRS990/TotalOtherCompensationAmt013786
IRS990/TotalProgramServiceExpensesAmt0540631
IRS990/TotalReportableCompFromOrgAmt060000
IRS990/TotalRevenueGrp/ExclusionAmt03
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03958
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0411430
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt029391
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt060726
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0342
IRS990/TravelGrp/TotalAmt0342
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04351 E 131ST STREET
IRS990/USAddress/CityNm0GARFIELD HEIGHTS
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044105
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0SMARTACADEMYCLEVELAND.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS F BABB
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02167143801
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SMART ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0SMAR
ReturnHeader/Filer/EIN0815056142
ReturnHeader/Filer/PhoneNum02167143801
ReturnHeader/Filer/USAddress/AddressLine1Txt04351 E 131ST STREET
ReturnHeader/Filer/USAddress/CityNm0GARFIELD HEIGHTS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044105
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F153814047753C7F8B68683DDDCC7077EFE953AD
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F153814047753C7F8B68683DDDCC7077EFE953AD
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId031314320201350363e21
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-05-14
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt065.27.204.25
ReturnHeader/FilingSecurityInformation/IPDt02020-05-15

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$60,726
Liabilities
$417,730
Net assets
-$357,004
Revenue
$411,430
Expenses
$759,514
Net income
-$348,084
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.81$1.68$0.87$1.42$1.61$0.19
2023Detailed filing. Detailed filing data is available for this year.$1.19$1.87$0.68$1.77$2.00$0.22
2022Detailed filing. Detailed filing data is available for this year.$1.25$1.71$0.45$1.49$1.81$0.32
2021Detailed filing. Detailed filing data is available for this year.$0.30$0.20$0.09$1.59$1.24$0.35
2019Detailed filing. Detailed filing data is available for this year.$0.06$0.42$0.36$0.41$0.76$0.35