Civic Intelligence

Icon Preparatory School Inc.

990 • Fiscal year 2019 • EIN 82-3938655

Jul 01, 2018 to Jun 30, 2019 • Filed on Sep 04, 2019

Organization Profilewww.iconprep.org
1906 N Rome AveTampa, FL 33607

(813) 967-3000

Siviq Scores

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

Liabilities / Assets

99th percentile

3.80x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

72nd percentile

0.31x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

14th percentile

-18%

Higher net margin than 14% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M 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

$85,152

No earlier filing loaded for comparison.

Net Assets

-$238,548

No earlier filing loaded for comparison.

Liabilities

$323,700

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin14th percentile

Revenue

$1,046,183

No earlier filing loaded for comparison.

Expenses

$1,239,133

No earlier filing loaded for comparison.

Net Income

-$192,950

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.

$10M$5.0M$0-$5.0MAssets 2019: $85,152Liabilities 2019: $323,700Net Assets 2019: -$238,5482019Assets 2020: $240,596Liabilities 2020: $181,135Net Assets 2020: $59,4612020Assets 2021: $811,108Liabilities 2021: $468,446Net Assets 2021: $342,6622021Assets 2022: $2,740,902Liabilities 2022: $2,000,000Net Assets 2022: $740,9022022Assets 2023: $2,245,211Liabilities 2023: $2,010,307Net Assets 2023: $234,9042023Assets 2024: $8,004,739Liabilities 2024: $7,233,570Net Assets 2024: $771,1692024Assets 2025: $7,800,029Liabilities 2025: $6,903,550Net Assets 2025: $896,4792025

Highlighted filing

2019

Assets$85,152
Liabilities$323,700
Net Assets-$238,548
Open 2019 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$0-$2.0MRevenue 2019: $1,046,183Expenses 2019: $1,239,133Net Income 2019: -$192,9502019Revenue 2020: $2,346,358Expenses 2020: $2,047,760Net Income 2020: $298,5982020Revenue 2021: $3,200,785Expenses 2021: $2,917,484Net Income 2021: $283,3012021Revenue 2022: $3,987,792Expenses 2022: $3,589,552Net Income 2022: $398,2402022Revenue 2023: $4,253,703Expenses 2023: $4,759,701Net Income 2023: -$505,9982023Revenue 2024: $4,214,664Expenses 2024: $4,257,754Net Income 2024: -$43,0902024Revenue 2025: $6,576,473Expenses 2025: $6,451,163Net Income 2025: $125,3102025

Highlighted filing

2019

Revenue$1,046,183
Expenses$1,239,133
Net Income-$192,950
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Sep 4, 2019
Return Version
2018v3.1
Gross Receipts
$1,046,183
Mission and Program Overview

Mission

To provide a comprehensive college preparatory education and character development to students that leads to their success in college and life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors-$323,700-
Cash and Non-Interest-Bearing Accounts-$68,852-
Land, Buildings, and Equipment, Net-$16,300-
Total Assets$0$85,152▲ $85,152
Liabilities
Total Liabilities$0$323,700▲ $323,700
Net Assets / Fund Balance
Unrestricted Net Assets-$-238,548-
Total Net Assets Fund Balance$0$-238,548▼ $238,548
Total Liabilities and Net Assets / Fund Balance$0$85,152▲ $85,152

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$16,300$3,142-
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Dwayne RaifordPresident
Adam BaileyDirector
Carlisa FelderDirector
Ebony TannerDirector
Jonathan SandersDirector
Justin SmithDirector
Linton WestbrookDirector
Lolita JacksonDirector
Monique MillsDirector
Nadine HollandSecretary
Yuri HigginsTreasurer/principal
Revenue and Support

Revenue Composition

Contributions and Grants
$203,953
Program Service Revenue
$842,230
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,800
Change in Net Assets
$-192,950
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$685,058
Other Expenses$554,075
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$602,597$31,716$0$634,313
Occupancy$136,245$7,171$0$143,416
Payroll Taxes$50,745$0$0$50,745
Other Expenses$24,327$0$0$24,327
Office Expenses$17,112$1,902$0$19,014
Fees for Services Accounting$0$6,000$0$6,000
Advertising$4,012$0$0$4,012
Depreciation Depletion$3,142$0$0$3,142
Total Functional Expenses$1,192,344$46,789$0$1,239,133
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$323,700-
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 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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Icon Preparatory School Inc
EIN
82-3938655
Phone
8139673000
Address
1906 N ROME AVE, TAMPA, FL 33607

Signing Officer

Name
Dwayne Raiford
Title
President
Phone
8139673000
Signed
2019-09-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dwayne Raiford
Formed
2018
Legal Domicile
Fl
Voting Board Members
11
Independent Board Members
11
Employees
19
Volunteers
5

Preparer

Firm
Robert Walker CPA PA
Address
2803 W Busch Blvd Ste 106, Tampa, FL 33618
Preparer
Robert Walker CPA
Phone
8136248643
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The 990 is prepared by an independent cpa firm and a draft is provided to management for review. The final 990 is provided to the board for approval.”

Pt VI, Line 12C

“State of florida required board training reminds board members to recuse from voting on any item that may be a conflict of interest.”

Pt VI, Line 15B

“The principal is paid similar to the school district's pay scale, including a difference for additional hours and additional duties.”

Financial Statement Notes

Pt X, Line 2

“The School is exempt from Federal tax under Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for income taxes has been included in the accompanying financial statements. Additionally, no uncertain tax positions have been made requiring disclosure in the related note to financial statements. The Schools income tax returns for the past three years are subject to examination by tax authorities and may change upon examination.”

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IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0RECEIVES GRANTS THROUGH FLORIDA DEPT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1CHARTER SCHOOL OF HERNANDO COUNTY SCHOOL BOARD. NA
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 6b
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 3
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0323700
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Start up
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0323700
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Lolita Jackson
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Director
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IRS990ScheduleL/TotalBalanceDueAmt0323700
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND A DRAFT IS PROVIDED TO MANAGEMENT FOR REVIEW. THE FINAL 990 IS PROVIDED TO THE BOARD FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1STATE OF FLORIDA REQUIRED BOARD TRAINING REMINDS BOARD MEMBERS TO RECUSE FROM VOTING ON ANY ITEM THAT MAY BE A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRINCIPAL IS PAID SIMILAR TO THE SCHOOL DISTRICT'S PAY SCALE, INCLUDING A DIFFERENCE FOR ADDITIONAL HOURS AND ADDITIONAL DUTIES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15b
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt00
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IRS990/TotalCompGreaterThan150KInd0false
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IRS990/TotalEmployeeCnt019
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt046789
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01192344
IRS990/TotalFunctionalExpensesGrp/TotalAmt01239133
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0323700
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0323700
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-238548
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01192344
IRS990/TotalProgramServiceRevenueAmt0842230
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0842230
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01046183
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt085152
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-238548
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01906 N ROME AVE
IRS990/USAddress/CityNm0TAMPA
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033607
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0http://www.iconprep.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DWAYNE RAIFORD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08139673000
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-09-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ICON PREPARATORY SCHOOL INC
ReturnHeader/Filer/BusinessNameControlTxt0ICON
ReturnHeader/Filer/EIN0823938655
ReturnHeader/Filer/PhoneNum08139673000
ReturnHeader/Filer/USAddress/AddressLine1Txt01906 N ROME AVE
ReturnHeader/Filer/USAddress/CityNm0TAMPA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033607
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId04BF5D565207E71AA19DCDC05B638D3A833FFEAA4
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId04BF5D565207E71AA19DCDC05B638D3A833FFEAA4
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt047.205.1.229
ReturnHeader/FilingSecurityInformation/IPDt02019-09-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm010:42:13
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Robert Walker CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02803 W Busch Blvd Ste 106
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Tampa
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033618

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$85,152
Liabilities
$323,700
Net assets
-$238,548
Revenue
$1,046,183
Expenses
$1,239,133
Net income
-$192,950
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.80$6.90$0.90$6.58$6.45$0.13
2024Detailed filing. Detailed filing data is available for this year.$8.00$7.23$0.77$4.21$4.26$0.04
2023Detailed filing. Detailed filing data is available for this year.$2.25$2.01$0.23$4.25$4.76$0.51
2022Detailed filing. Detailed filing data is available for this year.$2.74$2.00$0.74$3.99$3.59$0.40
2021Detailed filing. Detailed filing data is available for this year.$0.81$0.47$0.34$3.20$2.92$0.28
2020Detailed filing. Detailed filing data is available for this year.$0.24$0.18$0.06$2.35$2.05$0.30
2019Detailed filing. Detailed filing data is available for this year.$0.09$0.32$0.24$1.05$1.24$0.19