Civic Intelligence

Persistence Preparatory Academy Charter School

990 • Fiscal year 2018 • EIN 82-2169421

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 21, 2019

Organization Profilewww.persistenceprep.org
883 Michigan AvenueBuffalo, NY 14203

(716) 235-1520

Siviq Scores

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

Liabilities / Assets

66th percentile

0.12x

Higher debt load relative to assets than 66% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

66th percentile

0.10x

Higher debt load relative to revenue than 66% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

96th percentile

72%

Higher net margin than 96% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

59th percentile

$33,802

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

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

Source year 2018

Revenue Growth

Score unavailable

No value available

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

Source year 2018

Balance Sheet
Liabilities / Assets66th percentile

Assets

$710,323

No earlier filing loaded for comparison.

Net Assets

$624,194

No earlier filing loaded for comparison.

Liabilities

$86,129

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin96th percentile

Revenue

$866,102

No earlier filing loaded for comparison.

Expenses

$241,908

No earlier filing loaded for comparison.

Net Income

$624,194

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.

$15M$10M$5.0M$0Assets 2018: $710,323Liabilities 2018: $86,129Net Assets 2018: $624,1942018Assets 2019: $926,201Liabilities 2019: $176,250Net Assets 2019: $749,9512019Assets 2021: $8,558,196Liabilities 2021: $6,153,331Net Assets 2021: $2,404,8652021Assets 2022: $10,402,847Liabilities 2022: $7,695,611Net Assets 2022: $2,707,2362022Assets 2025: $12,828,091Liabilities 2025: $7,757,733Net Assets 2025: $5,070,3582025

Highlighted filing

2018

Assets$710,323
Liabilities$86,129
Net Assets$624,194
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0Revenue 2018: $866,102Expenses 2018: $241,908Net Income 2018: $624,1942018Revenue 2019: $1,884,962Expenses 2019: $1,759,205Net Income 2019: $125,7572019Revenue 2021: $4,014,423Expenses 2021: $2,875,739Net Income 2021: $1,138,6842021Revenue 2022: $4,364,402Expenses 2022: $4,062,031Net Income 2022: $302,3712022Revenue 2025: $7,979,953Expenses 2025: $7,303,307Net Income 2025: $676,6462025

Highlighted filing

2018

Revenue$866,102
Expenses$241,908
Net Income$624,194
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 21, 2019
Return Version
2017v2.3
Gross Receipts
$866,102
Mission and Program Overview

Mission

Through rigorous academics, high-quality instruction and leadership development, persistence preparatory academy charter school ensures that all k - 8 scholars are firmly on the path to succeed within a four-year college and create positive change within their communities.

Through rigorous academics, high-quality instruction and leadership development, Persistence Preparatory Academy Charter School ensures that all K through 8 scholars are firmly on the path to succeed within a four-year college and create positive change within their communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$291,777-
Cash and Non-Interest-Bearing Accounts-$269,489-
Land, Buildings, and Equipment, Net$0$109,093▲ $109,093
Prepaid Expenses and Deferred Charges-$3,714-
Total Assets$0$710,323▲ $710,323
Other Assets Total$0$36,250▲ $36,250
Liabilities
Accounts Payable and Accrued Expenses-$86,129-
Total Liabilities$0$86,129▲ $86,129
Net Assets / Fund Balance
Unrestricted Net Assets-$624,194-
Total Net Assets Fund Balance$0$624,194▲ $624,194
Total Liabilities and Net Assets / Fund Balance$0$710,323▲ $710,323

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$78,766-$78,766
Equipment$30,327-$30,327
Other Assets Org$36,250--
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joelle FormatoHead of SchoolFT$30,000$3,802$33,802

Board Members and Trustees

NameTitle
Daniel GreeneBoard Chair
Marta ClarkVice Chair
Amanda WinkelsasTrustee
Catherine RobertsTrustee
Cord StoneTrustee
Derrick ParsonTrustee
Mario HicksTrustee
Jillian SuttellSecretary
Kenneth NewsomTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$864,865
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$1,237
All Other Contributions
$442,608
Change in Net Assets
$624,194
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$140,509
Other Expenses$101,399
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$75,000-$75,000
Other Salaries and Wages-$46,667-$46,667
Advertising$31,760--$31,760
Fees for Services Accounting-$17,525-$17,525
Payroll Taxes-$11,239-$11,239
Fees for Services Other$10,970--$10,970
Information Technology$8,196--$8,196
Other Employee Benefits-$7,603-$7,603
Occupancy-$3,272-$3,272
Insurance-$3,088-$3,088
Fees for Services Legal-$2,635-$2,635
All Other Expenses$1,641--$1,641
Other Expenses$1,542--$1,542
Office Expenses-$1,113-$1,113
Conferences and Meetings-$41-$41
Total Functional Expenses$73,725$168,183$0$241,908
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
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
Yes
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
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

“The school hired Kirisits & Associates, outside CPA firm to perform CFO duties.”

Form 990, Part VI, Section B, line 11B

“A draft copy of the Form 990 is provided to the governing body prior to being filed.”

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

“The School has a written conflict of interest policy that is monitored by the Board and reviewed annually. Conflict of interest statements are reviewed by a Board member for propriety on an annual basis.”

Form 990, Part VI, Section B, line 15A

“The Board of Trustees reviews and evaluates the performance of the Head of School on an annual basis. Salaries for the Head of School and other key employees are approved by the board.”

Form 990, Part VI, Section C, line 19

“The School provides its governing documents, conflict of interest policy and financial statements to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Persistence Preparatory Academy Charter
EIN
82-2169421
Phone
7162351520
Address
883 Michigan Avenue, Buffalo, NY 14203

Signing Officer

Name
Joelle Formato
Title
Head of School
Phone
7162351520
Signed
2019-02-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joelle Formato
Formed
2017
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
0

Preparer

Firm
Kirisits & Associates CPAs PLLC
Address
1231 Delaware Avenue Suite 6, Buffalo, NY 14209
Preparer
Lisa M Kirisits CPA
Phone
7168810089
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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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The School does not issue scholarships. Therefore 4b does not apply.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The School received a Charter School Planning and Implementation Grant from the New York State Department of Educaton to fund the planning phase of the School.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The school hired Kirisits & Associates, outside CPA firm to perform CFO duties.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A draft copy of the Form 990 is provided to the governing body prior to being filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The School has a written conflict of interest policy that is monitored by the Board and reviewed annually. Conflict of interest statements are reviewed by a Board member for propriety on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board of Trustees reviews and evaluates the performance of the Head of School on an annual basis. Salaries for the Head of School and other key employees are approved by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The School provides its governing documents, conflict of interest policy and financial statements to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt0710323
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0710323
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0864865
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0168183
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt073725
IRS990/TotalFunctionalExpensesGrp/TotalAmt0241908
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt086129
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt086129
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0624194
IRS990/TotalOtherCompensationAmt03802
IRS990/TotalProgramServiceExpensesAmt073725
IRS990/TotalReportableCompFromOrgAmt030000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01237
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0866102
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0710323
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0624194
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0833 Michigan Avenue
IRS990/USAddress/CityNm0Buffalo
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd014203
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.persistenceprep.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Joelle Formato
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Head of School
ReturnHeader/BusinessOfficerGrp/PhoneNum07162351520
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Persistence Preparatory Academy Charter
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0School
ReturnHeader/Filer/BusinessNameControlTxt0PERS
ReturnHeader/Filer/EIN0822169421
ReturnHeader/Filer/PhoneNum07162351520
ReturnHeader/Filer/USAddress/AddressLine1Txt0883 Michigan Avenue
ReturnHeader/Filer/USAddress/CityNm0Buffalo
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd014203
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId03E39B520EE3CEA073F0DC6BD8DA529F2A0A7A821
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId06EE1F316FB2CAD391645066AA6043DCC373AEFED
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.75.149.214
ReturnHeader/FilingSecurityInformation/IPDt02019-02-21
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm010:07:37
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261689358
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Kirisits & Associates CPAs PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01231 Delaware Avenue Suite 6
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Buffalo
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014209
ReturnHeader/PreparerPersonGrp/PhoneNum07168810089
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Lisa M Kirisits CPA
ReturnHeader/ReturnTs02019-02-28T15:57:12-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$710,323
Liabilities
$86,129
Net assets
$624,194
Revenue
$866,102
Expenses
$241,908
Net income
$624,194
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.8$7.76$5.07$7.98$7.30$0.68
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.4$7.70$2.71$4.36$4.06$0.30
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.56$6.15$2.40$4.01$2.88$1.14
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$0.18$0.75$1.88$1.76$0.13
2018Detailed filing. Detailed filing data is available for this year.$0.71$0.09$0.62$0.87$0.24$0.62
Peer Organizations

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