Civic Intelligence

Tru Prep Academy Inc.

990 • Fiscal year 2020 • EIN 81-5465220

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 03, 2021

4715 NW 157th StreetMiami Lakes, FL 33014

(786) 285-3699

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

37th percentile

-0.3%

Higher net margin than 37% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

5th percentile

-27%

Faster asset growth than 5% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2020

Revenue Growth

88th percentile

60%

Faster revenue growth than 88% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2020

Assets

Down

$55,625

Down $49,357 (-47%) from 2018

Net Assets

Down

$55,625

Down $49,357 (-47%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Up

$807,077

Up $492,173 (+156%) from 2018

Expenses

Up

$809,751

Up $599,594 (+285%) from 2018

Net Income

Down

-$2,674

Down $107,421 (-103%) from 2018

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2018: $104,982Liabilities 2018: $0Net Assets 2018: $104,9822018Assets 2020: $55,625Liabilities 2020: $0Net Assets 2020: $55,6252020Assets 2021: $109,997Liabilities 2021: $0Net Assets 2021: $109,9972021Assets 2022: $203,999Liabilities 2022: $0Net Assets 2022: $203,9992022Assets 2023: $591,558Liabilities 2023: $148,077Net Assets 2023: $443,4812023

Highlighted filing

2020

Assets$55,625
Liabilities$0
Net Assets$55,625

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2018: $314,904Expenses 2018: $210,157Net Income 2018: $104,7472018Revenue 2020: $807,077Expenses 2020: $809,751Net Income 2020: -$2,6742020Revenue 2021: $922,219Expenses 2021: $867,847Net Income 2021: $54,3722021Revenue 2022: $716,140Expenses 2022: $666,994Net Income 2022: $49,1462022Revenue 2023: $1,559,579Expenses 2023: $1,135,492Net Income 2023: $424,0872023

Highlighted filing

2020

Revenue$807,077
Expenses$809,751
Net Income-$2,674
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 3, 2021
Return Version
2020v4.1
Gross Receipts
$807,077
Mission and Program Overview

Mission

Our mission is to stimulate, educate, and motivate the minds of students at our academy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$58,299$55,625▼ $2,674
Total Assets$58,299$55,625▼ $2,674
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$58,299$55,625▼ $2,674
Total Net Assets Fund Balance$58,299$55,625▼ $2,674
Total Liabilities and Net Assets / Fund Balance$58,299$55,625▼ $2,674
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mario SmithExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$807,077
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-2,674
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$557,116
Salaries, Compensation, and Employee Benefits$252,635
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$396,607--$396,607
Other Salaries and Wages$196,403--$196,403
Payroll Taxes$56,232--$56,232
All Other Expenses$26,008--$26,008
Insurance$19,601--$19,601
Travel$12,200--$12,200
Other Expenses$11,505--$11,505
Office Expenses$7,051--$7,051
Advertising$662--$662
Total Functional Expenses$809,751$0$0$809,751
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Management duties delegated
No

Governance Explanations

Member election for additional members Part VI line 7A

Each member has the right to elect or appoint additional members to the governing body. The governing body then uses the majority rule method to elect or appoint additional members if the governed body sees a fit that results in improving the organizations overall operations.

Governing body decisions Part VI line 7B

Each member has the right to approve the governing bodys decision via in person discussion/meeting or written approval. The governing body uses the majority rule method to conclude the overall decision.

Form 990 governing body review Part VI line 11

Form 990 and all required schedules were provided to each member of the governing body via email prior to being filed with the irs. The members were allotted 5 days to review and provide any feedback or necessary changes.

Conflict of interest policy compliance Part VI line 12C

The organization maintains a conflict of interest handbook that is easily accessible at the organizations facility. Each member of the governing body is provided with a copy of the handbook for which they are required to sign that they read and understand the guidelines within the policy. The governing body meets quarterly to discuss the organizations operations which includes compliance checks for conflict interest, financials and other important decisions for the organization.

Governing documents etc available to public Part VI line 19

The governing documents are maintained in a binder at the organizations place of business. These documents can be requested in person or by written request. The in person request are available on the same day. The written request are handled within 30 days of the request.

Filing and Contact Details

Filer

Filer Name
Tru Prep Academy Inc
EIN
81-5465220
Address
4715 NW 157TH STREET, MIAMI LAKES, FL 33014

Signing Officer

Name
Mario Smith
Title
Executive Direc
Phone
7862853699
Signed
2021-08-03
Discuss with paid preparer
Yes

Organization Details

Formed
2017
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
0
Employees
5

Preparer

Firm
Atlantic Tax & Accounting LLC
Address
1000 E Atlantic Blvd Ste 112, Pompano Beach, FL 33060
Preparer
Roger a Gingerich
Phone
9547851099
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Payments made to independent contractors for services provided which totaled $396607

List of other expenses Part IX line 24E

Other expenses for the operation of the school which totaled $26010activity fees $831.72bank charges & fees $270.35car & truck $4920.39cell phone $1455.35continuing education $203.90dues and subscriptions $3274.06equipment rental $480.28meals & entertainment $1007.15payroll processing fees $6502.81postage $153.58repairs & maintenance $423.35school apparel $947.50school fire alarm $841.63school supplies $3740.49taxes & licenses $910.35travel meals $46.97

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH MEMBER HAS THE RIGHT TO ELECT OR APPOINT ADDITIONAL MEMBERS TO THE GOVERNING BODY. THE GOVERNING BODY THEN USES THE MAJORITY RULE METHOD TO ELECT OR APPOINT ADDITIONAL MEMBERS IF THE GOVERNED BODY SEES A FIT THAT RESULTS IN IMPROVING THE ORGANIZATIONS OVERALL OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER HAS THE RIGHT TO APPROVE THE GOVERNING BODYS DECISION VIA IN PERSON DISCUSSION/MEETING OR WRITTEN APPROVAL. THE GOVERNING BODY USES THE MAJORITY RULE METHOD TO CONCLUDE THE OVERALL DECISION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAINTAINS A CONFLICT OF INTEREST HANDBOOK THAT IS EASILY ACCESSIBLE AT THE ORGANIZATIONS FACILITY. EACH MEMBER OF THE GOVERNING BODY IS PROVIDED WITH A COPY OF THE HANDBOOK FOR WHICH THEY ARE REQUIRED TO SIGN THAT THEY READ AND UNDERSTAND THE GUIDELINES WITHIN THE POLICY. THE GOVERNING BODY MEETS QUARTERLY TO DISCUSS THE ORGANIZATIONS OPERATIONS WHICH INCLUDES COMPLIANCE CHECKS FOR CONFLICT INTEREST, FINANCIALS AND OTHER IMPORTANT DECISIONS FOR THE ORGANIZATION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PAYMENTS MADE TO INDEPENDENT CONTRACTORS FOR SERVICES PROVIDED WHICH TOTALED $396607
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OTHER EXPENSES FOR THE OPERATION OF THE SCHOOL WHICH TOTALED $26010ACTIVITY FEES $831.72BANK CHARGES & FEES $270.35CAR & TRUCK $4920.39CELL PHONE $1455.35CONTINUING EDUCATION $203.90DUES AND SUBSCRIPTIONS $3274.06EQUIPMENT RENTAL $480.28MEALS & ENTERTAINMENT $1007.15PAYROLL PROCESSING FEES $6502.81POSTAGE $153.58REPAIRS & MAINTENANCE $423.35SCHOOL APPAREL $947.50SCHOOL FIRE ALARM $841.63SCHOOL SUPPLIES $3740.49TAXES & LICENSES $910.35TRAVEL MEALS $46.97
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing body decisions Part VI line 7b
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other fees for services expenses Part IX line 11g
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033060
ReturnHeader/PreparerPersonGrp/PhoneNum09547851099
ReturnHeader/PreparerPersonGrp/PreparationDt02021-08-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROGER A GINGERICH
ReturnHeader/ReturnTs02021-08-04T10:11:18-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MARIO
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SMITH
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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