Civic Intelligence

Panacea Prep Charter School Inc.

990 • Fiscal year 2020 • EIN 90-0999318

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

Organization Profilepanaceaprep.org
201 N University DrCoral Springs, FL 33071

(954) 344-7144

Siviq Scores

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

Liabilities / Assets

51st percentile

0.10x

Higher debt load relative to assets than 51% of similar nonprofits.

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

Liabilities / Revenue

26th percentile

0.02x

Higher debt load relative to revenue than 26% of similar nonprofits.

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

Net Margin

38th percentile

0.4%

Higher net margin than 38% 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

9th percentile

-9.2%

Faster asset growth than 9% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

41st percentile

-4.1%

Faster revenue growth than 41% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets51st percentile

Assets

Down

$252,610

Down $25,699 (-9.2%) from 2019

Net Assets

Up

$226,313

Up $1,386 (+0.6%) from 2019

Liabilities

Down

$26,297

Down $27,085 (-51%) from 2019

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin38th percentile

Revenue

Down

$1,089,333

Down $46,050 (-4.1%) from 2019

Expenses

Down

$1,084,555

Down $76,539 (-6.6%) from 2019

Net Income

Up

$4,778

Up $30,489 (+119%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

$400K$300K$200K$100K$0Assets 2014: $4,309Liabilities 2014: $1,5252014Assets 2015: $146,016Liabilities 2015: $50,658Net Assets 2015: $95,3582015Assets 2016: $184,211Liabilities 2016: $22,885Net Assets 2016: $161,3262016Assets 2017: $143,597Liabilities 2017: $13,475Net Assets 2017: $130,1222017Assets 2018: $310,190Liabilities 2018: $65,961Net Assets 2018: $244,2292018Assets 2019: $278,309Liabilities 2019: $53,382Net Assets 2019: $224,9272019Assets 2020: $252,610Liabilities 2020: $26,297Net Assets 2020: $226,3132020Assets 2021: $273,951Liabilities 2021: $35,634Net Assets 2021: $238,3172021Assets 2022: $221,242Liabilities 2022: $176,458Net Assets 2022: $44,7842022Assets 2023: $181,870Liabilities 2023: $181,578Net Assets 2023: $2922023Assets 2024: $254,027Liabilities 2024: $142,471Net Assets 2024: $111,5562024

Highlighted filing

2020

Assets$252,610
Liabilities$26,297
Net Assets$226,313
Open 2020 Filing

Operations Trend

Revenue Growth41st percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $25,000Expenses 2014: $22,216Net Income 2014: $2,7842014Revenue 2015: $1,148,715Expenses 2015: $1,053,152Net Income 2015: $95,5632015Revenue 2016: $1,274,557Expenses 2016: $1,211,842Net Income 2016: $62,7152016Revenue 2017: $1,082,666Expenses 2017: $1,117,720Net Income 2017: -$35,0542017Revenue 2018: $1,295,099Expenses 2018: $1,164,998Net Income 2018: $130,1012018Revenue 2019: $1,135,383Expenses 2019: $1,161,094Net Income 2019: -$25,7112019Revenue 2020: $1,089,333Expenses 2020: $1,084,555Net Income 2020: $4,7782020Revenue 2021: $1,031,990Expenses 2021: $1,028,820Net Income 2021: $3,1702021Revenue 2022: $746,707Expenses 2022: $940,937Net Income 2022: -$194,2302022Revenue 2023: $920,638Expenses 2023: $959,710Net Income 2023: -$39,0722023Revenue 2024: $1,162,535Expenses 2024: $1,051,237Net Income 2024: $111,2982024

Highlighted filing

2020

Revenue$1,089,333
Expenses$1,084,555
Net Income$4,778
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.2
Gross Receipts
$1,089,333
Mission and Program Overview

Mission

Grow character and knowledge and help children achieve their dreams for the future.

To provide educational services to students in kindergarten through fifth grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$211,448$214,575▲ $3,127
Land, Buildings, and Equipment, Net$21,449$15,071▼ $6,378
Prepaid Expenses and Deferred Charges$15,391$7,659▼ $7,732
Accounts Receivable$6,875$4,590▼ $2,285
Total Assets$278,309$252,610▼ $25,699
Other Assets Total$23,146$10,715▼ $12,431
Liabilities
Accounts Payable and Accrued Expenses$53,332$26,247▼ $27,085
Unsecured Notes Loans Payable$50$50→ $0
Total Liabilities$53,382$26,297▼ $27,085
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$207,603$139,354▼ $68,249
Net Assets With Donor Restrictions$17,324$86,959▲ $69,635
Total Net Assets Fund Balance$224,927$226,313▲ $1,386
Total Liabilities and Net Assets / Fund Balance$278,309$252,610▼ $25,699

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,071$203,239$218,310
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Natasha BellBoard Chair
Nickitra JonesSecretary
George SimpsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,002,348
Program Service Revenue
$86,957
Investment Income
$28
Other Revenue
$0
All Other Contributions
$844,999
Change in Net Assets
$4,778

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,089,333
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,089,333
Total Revenue per Form 990
$1,089,333
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$607,009
Other Expenses$477,546
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$424,785$92,231-$517,016
Occupancy$147,423$4,165-$151,588
Fees for Services Other$117,647$2,250-$119,897
Payroll Taxes$41,864$9,124-$50,988
Other Employee Benefits$25,203$13,802-$39,005
Fees for Services Accounting$16,177$17,099-$33,276
Other Expenses$19,226$2,491-$21,717
All Other Expenses$11,966$1,487-$13,453
Depreciation Depletion$8,156--$8,156
Office Expenses$360$2,123-$2,483
Advertising$1,428--$1,428
Insurance$1,111--$1,111
Conferences and Meetings-$126-$126
Total Functional Expenses$939,657$144,898$0$1,084,555

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,086,807
Expenses per Audited Statements$1,084,555
Total Expenses per Form 990$1,084,555
Expenses Not Reported on Form 990$2,252
Expenses Not Reported on Financial Statements$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
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
No
Management duties delegated
No

Governance Explanations

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

“Board members are provided with a copy of Form 990 for review prior to filing.”

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

“School administration monitors board members and reviews checklist provided for potential conflicts.”

Form 990, Part VI, Section C, line 19

“The organization allows all interested parties to review all governing documents, conflict of interest policy, and financial statements upon written request.”

Filing and Contact Details

Filer

Filer Name
Panacea Prep Charter School Inc
EIN
90-0999318
Phone
9543447144
Address
201 N University Dr, Coral Springs, FL 33071

Signing Officer

Name
George Simpson
Title
Board Chair
Phone
9543447144
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George Simpson
Formed
2012
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
KEM Consulting LLC
Address
4409 Hoffner Ave 144, Orlando, FL 32812
Preparer
Kathy McCoy
Phone
4072347187
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Consulting fees: Program service expenses 59,094. Management and general expenses 2,250. Fundraising expenses 0. Total expenses 61,344. Outside services: Program service expenses 25,890. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,890. District Administrative fees: Program service expenses 32,663. Management and general expenses 0. Fundraising expenses 0. Total expenses 32,663.”

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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/ExplanationTxt0Panacea Prep Charter School, Inc. is a public charter school and receives funding monthly from the Broward County, Florida school district
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board members are provided with a copy of Form 990 for review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1School administration monitors board members and reviews checklist provided for potential conflicts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization allows all interested parties to review all governing documents, conflict of interest policy, and financial statements upon written request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Consulting fees: Program service expenses 59,094. Management and general expenses 2,250. Fundraising expenses 0. Total expenses 61,344. Outside services: Program service expenses 25,890. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,890. District Administrative fees: Program service expenses 32,663. Management and general expenses 0. Fundraising expenses 0. Total expenses 32,663.
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
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0278309
IRS990/TotalAssetsEOYAmt0252610
IRS990/TotalAssetsGrp/BOYAmt0278309
IRS990/TotalAssetsGrp/EOYAmt0252610
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01002348
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0144898
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0939657
IRS990/TotalFunctionalExpensesGrp/TotalAmt01084555
IRS990/TotalGrossUBIAmt086957
IRS990/TotalLiabilitiesBOYAmt053382
IRS990/TotalLiabilitiesEOYAmt026297
IRS990/TotalLiabilitiesGrp/BOYAmt053382
IRS990/TotalLiabilitiesGrp/EOYAmt026297
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0224927
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0226313
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0939657
IRS990/TotalProgramServiceRevenueAmt086957
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt028
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01089333
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt086957
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0278309
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0252610
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt050
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt050
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0201 N University Dr
IRS990/USAddress/CityNm0Coral Springs
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033071
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0http://panaceaprep.org/
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0George Simpson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board Chair
ReturnHeader/BusinessOfficerGrp/PhoneNum09543447144
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Panacea Prep Charter School Inc
ReturnHeader/Filer/BusinessNameControlTxt0PANA
ReturnHeader/Filer/EIN0900999318
ReturnHeader/Filer/PhoneNum09543447144
ReturnHeader/Filer/USAddress/AddressLine1Txt0201 N University Dr
ReturnHeader/Filer/USAddress/CityNm0Coral Springs
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033071
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461974128
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KEM Consulting LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04409 Hoffner Ave 144
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Orlando
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032812
ReturnHeader/PreparerPersonGrp/PhoneNum04072347187
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kathy McCoy
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-05-17T10:06:45-05:00
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
$252,610
Liabilities
$26,297
Net assets
$226,313
Revenue
$1,089,333
Expenses
$1,084,555
Net income
$4,778
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.14$0.11$1.16$1.05$0.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.18$0.18$0.00$0.92$0.96$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.22$0.18$0.04$0.75$0.94$0.19
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.27$0.04$0.24$1.03$1.03$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.25$0.03$0.23$1.09$1.08$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.28$0.05$0.22$1.14$1.16$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.31$0.07$0.24$1.30$1.16$0.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.14$0.01$0.13$1.08$1.12$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.18$0.02$0.16$1.27$1.21$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.15$0.05$0.10$1.15$1.05$0.10
2014Summary only. Only limited summary data is available for this year.$0.00$0.00$0.03$0.02$0.00