Civic Intelligence

American Classical Charter Academy Inc

990 • Fiscal year 2020 • EIN 83-2116165

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 18, 2020

Organization Profilewww.accaschools.org
2395 Hickory Tree RoadSaint Cloud, FL 34772

(407) 549-5301

Siviq Scores

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

Liabilities / Assets

97th percentile

1.49x

Higher debt load relative to assets than 97% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

66th percentile

0.27x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

24th percentile

-8.2%

Higher net margin than 24% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

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

Source year 2020

Revenue Growth

Score unavailable

No value available

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

Source year 2020

Balance Sheet
Liabilities / Assets97th percentile

Assets

$318,712

No earlier filing loaded for comparison.

Net Assets

-$156,889

No earlier filing loaded for comparison.

Liabilities

$475,601

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin24th percentile

Revenue

$1,783,200

No earlier filing loaded for comparison.

Expenses

$1,929,478

No earlier filing loaded for comparison.

Net Income

-$146,278

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.

$1.5M$1.0M$500K$0-$500K-$1.0MAssets 2020: $318,712Liabilities 2020: $475,601Net Assets 2020: -$156,8892020Assets 2021: $681,829Liabilities 2021: $1,299,610Net Assets 2021: -$617,7812021

Highlighted filing

2020

Assets$318,712
Liabilities$475,601
Net Assets-$156,889
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2020: $1,783,200Expenses 2020: $1,929,478Net Income 2020: -$146,2782020Revenue 2021: $2,799,166Expenses 2021: $3,260,058Net Income 2021: -$460,8922021

Highlighted filing

2020

Revenue$1,783,200
Expenses$1,929,478
Net Income-$146,278
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 18, 2020
Return Version
2019v5.1
Gross Receipts
$1,783,200
Mission and Program Overview

Mission

To operate a charter school in osceola county, fl.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$291,746▲ $291,746
Prepaid Expenses and Deferred Charges-$17,889-
Land, Buildings, and Equipment, Net-$9,077-
Pd in Cap Srpls Land Bldg Eqp Fund-$9,077-
Rtn Earn Endowment Incm Other Fnds$-10,611$-165,966▼ $155,355
Total Assets$0$318,712▲ $318,712
Liabilities
Unsecured Notes Loans Payable-$364,305-
Accounts Payable and Accrued Expenses$10,611$111,296▲ $100,685
Total Liabilities$10,611$475,601▲ $464,990
Net Assets / Fund Balance
Total Net Assets Fund Balance$-10,611$-156,889▼ $146,278
Total Liabilities and Net Assets / Fund Balance$0$318,712▲ $318,712

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,077$1,602-
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Michael LoebPresident
Janna FosterAssistant Director
Brian FosterExecutive Director/principal
George JackowSecretary
Steve AllenTreasuer
Revenue and Support

Revenue Composition

Contributions and Grants
$671,247
Program Service Revenue
$903,861
Investment Income
$0
Other Revenue
$208,092
All Other Contributions
$671,247
Change in Net Assets
$-146,278

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,766,600
Total Revenue per Audited Statements
$1,766,600
Total Revenue per Form 990
$1,766,600
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,929,478
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$906,905$79,825$0$986,730
Other Expenses$0$170,862$0$170,862
Depreciation Depletion$1,602$0$0$1,602
Total Functional Expenses$1,678,791$250,687$0$1,929,478

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,929,478
Total Expenses per Audited Statements$1,929,478
Total Expenses per Form 990$1,929,478
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
Audit committee
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
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
American Classical Charter Academy Inc
EIN
83-2116165
Phone
4075495301
Address
2395 HICKORY TREE ROAD, SAINT CLOUD, FL 34772

Signing Officer

Name
Michael Loeb
Title
President
Phone
4075495301
Signed
2020-12-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Loeb
Formed
2019
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
26
Volunteers
20

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 the finance committee for review. The final 990 is provided to the board for approval.”

Pt VI, Line 12C

“At each board meeting, the agenda is notated to remind board members to recuse from voting on any item that may be a conflict of interest.”

Pt VI, Line 15B

“The principal is paid in accordance with the school district's pay sale.”

Form 990, Part IX, Line 24E

“School administration 159650. 79825. 79825. 0.”

Form 990, Part IX, Line 24E

“Fiscal services 26474. 26474. 0. 0.”

Form 990, Part IX, Line 24E

“Food services 18508. 18508. 0. 0.”

Form 990, Part IX, Line 24E

“Operation of plant 771460. 771460. 0. 0.”

Form 990, Part IX, Line 24E

“Maintenance of plant 7425. 7425. 0. 0.”

Form 990, Part IX, Line 24E

“Community services 3213. 3213. 0. 0.”

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 School's income tax returns for the past three years are subject to examination by tax authorities and may change upon examination.”

Raw XML Appendix362 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND A DRAFT IS PROVIDED TO THE FINANCE COMMITTEE FOR REVIEW. THE FINAL 990 IS PROVIDED TO THE BOARD FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT EACH BOARD MEETING, THE AGENDA IS NOTATED TO REMIND BOARD MEMBERS TO RECUSE FROM VOTING ON ANY ITEM THAT MAY BE A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRINCIPAL IS PAID IN ACCORDANCE WITH THE SCHOOL DISTRICT'S PAY SALE.
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0250687
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01678791
IRS990/TotalFunctionalExpensesGrp/TotalAmt01929478
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010611
IRS990/TotalLiabilitiesEOYAmt0475601
IRS990/TotalLiabilitiesGrp/BOYAmt010611
IRS990/TotalLiabilitiesGrp/EOYAmt0475601
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-10611
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-156889
IRS990/TotalProgramServiceExpensesAmt01678791
IRS990/TotalProgramServiceRevenueAmt0903861
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01111953
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01783200
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0318712
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0364305
IRS990/USAddress/AddressLine1Txt02395 HICKORY TREE ROAD
IRS990/USAddress/CityNm0SAINT CLOUD
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd034772
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0https://www.accaschools.org/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL LOEB
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04075495301
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-12-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AMERICAN CLASSICAL CHARTER ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0AMER
ReturnHeader/Filer/EIN0832116165
ReturnHeader/Filer/PhoneNum04075495301
ReturnHeader/Filer/USAddress/AddressLine1Txt02395 HICKORY TREE ROAD
ReturnHeader/Filer/USAddress/CityNm0SAINT CLOUD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd034772
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId08E8E7B9784344D338D4B9A41E18433BD010F8CB0
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId08E8E7B9784344D338D4B9A41E18433BD010F8CB0
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt047.205.0.120
ReturnHeader/FilingSecurityInformation/IPDt02020-12-18
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm005:46:18
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
ReturnHeader/PreparerPersonGrp/PhoneNum08136248643
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Robert Walker CPA
ReturnHeader/ReturnTs02020-12-18T05:46:27-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$318,712
Liabilities
$475,601
Net assets
-$156,889
Revenue
$1,783,200
Expenses
$1,929,478
Net income
-$146,278
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$1.30$0.62$2.80$3.26$0.46
2020Detailed filing. Detailed filing data is available for this year.$0.32$0.48$0.16$1.78$1.93$0.15