Mound Street Academies: FY2020 Nonprofit Profile & Form 990 (EIN 01-0607915)

Revenue by fiscal year
FY2020	$1.9M
FY2020	$712K

Expenses by fiscal year
FY2020	$2.5M
FY2020	$2.6M

Net assets by fiscal year
FY2020	−$1.1M
FY2020	−$2.9M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

94%

Program services 94% · $2.3M Management & general 6% · $139K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

9 people listed on the 990; $116K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII

Jack Poore

Superintendent

$116,115Pt VII · Sec A

Cathy Ponitz

Board Member

$0Pt VII · Sec A

Julie Liss-Katz

Board Member

$0Pt VII · Sec A

Karla Garrett-Harshaw

Board Member

$0Pt VII · Sec A

Ronald Budzik

Board Member

$0Pt VII · Sec A

Michael Gaines

Board Member

$0Pt VII · Sec A

William Gillispie

Vice President

$0Pt VII · Sec A

Gary Leroy

President

$0Pt VII · Sec A

See Mound Street Academies executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers at-risk students with self-paced education to achieve academic success and career goals.

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1 program · $2.3M · in their own filed words · FY2019

01

Educate high school students in Montgomery County who are at risk of dropping out.

$2.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking

Grants paid · 1 grant · $2.4M · 2020–2020

Ohio Dept of EducationFY2020$2,436,550

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1.9M

Ln 12

Gifts and grantsLn 1h$1.8M

Fees for servicesLn 2g$87K

Investment incomeLn 3$30K

Money outPt IX

$2.5M

Ln 25

Programscol B$2.3M

Managementcol C$139K

Owns and owesPt X

−$1.1M

net assets · Ln 32

Cash and savingsLn 1–2$1.8M

Total assetsLn 16$2.9M

LiabilitiesLn 26$4.0M

PeoplePt VI, VII

9

listed · VII A

PaidVII A1

Voting boardVI 1a7

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.8M

Government grantsLn 1e$654K

Fees for servicesLn 2g$87K

Investment incomeLn 3$30K

Gains on assetsLn 7$0

Total revenueLn 12$1.9M

Assets in detailPt X, end of year

CashLn 1$1.8M

Cash and savings togetherLn 1–2$1.8M

Prepaid expenses and deferred chargesLn 9$749K

Land, buildings, equipmentLn 10c$391K

Other assetsLn 15$43K

Total assetsLn 16$2.9M

LiabilitiesLn 26$4.0M

Net assetsLn 32−$1.1M

OperationsPt I, VI

EmployeesI 527

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$2.3M	$1.8M
InvestmentsLn 11–13		$0
Land, buildings, equipmentLn 10c	$411K	$391K
Total assetsLn 16	$3.7M	$2.9M
LiabilitiesLn 26	$4.3M	$4.0M
Net assetsLn 32	−$574K	−$1.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$0
Grants to domestic individualsLn 2	$0
Grants and assistance to foreign recipientsLn 3	$0
Benefits paid to or for membersLn 4	$0
Pay of officers and key staff (Part IX, line 5)Ln 5	$116K		$116K
Pay of disqualified personsLn 6	$0
Other salaries and wagesLn 7	$1.3M	$1.3M
Pension plan contributionsLn 8	$0
Other employee benefitsLn 9	$276K	$253K	$23K
Payroll taxesLn 10	$0
Management feesLn 11a	$0
Legal feesLn 11b	$0
Accounting feesLn 11c	$0
Lobbying feesLn 11d	$0
Professional fundraising feesLn 11e	$0
Investment management feesLn 11f	$0
Other fees for servicesLn 11g	$0
Advertising and promotionLn 12	$0
Office expensesLn 13	$0
Information technologyLn 14	$0
RoyaltiesLn 15	$0
OccupancyLn 16	$0
TravelLn 17	$0
Travel and entertainment for public officialsLn 18	$0
Conferences, conventions and meetingsLn 19	$0
InterestLn 20	$0
Payments to affiliatesLn 21	$0
Depreciation, depletion and amortizationLn 22	$20K	$20K
InsuranceLn 23	$0
Other expenses (24a–d)Ln 24	$768K	$768K
All other expensesLn 24e	$0
Total functional expensesLn 25	$2.5M	$2.3M	$139K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2020 ViewingFiled with the IRS May 3, 2021	$1.9M	$2.5M	−$526K	−$1.1M	990 PDF

Schedules filed Part IV

I · Grants O · Explanations

See the full FY2020 990

Part I · Summary $1,933,329 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,800,266$1,816,204

I-9 Program service revenuePrior year $104,449$87,265

I-10 Investment incomePrior year $57,551$29,860

I-11 Other revenue$0

I-12 Total revenuePrior year $1,962,266$1,933,329

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $1,065,425$1,670,971

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $797,563$788,189

I-18 Total expensesPrior year $1,862,988$2,459,160

I-19 Revenue less expensesPrior year $99,278−$525,831

Part VI · Governance 7 of 7 board members independent, 2 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $1,933,329 across 10 lines filed

VIII-1e Government grants$654,021

VIII-1f All other contributions, gifts and grants$1,162,183

VIII-1h Total contributions, gifts and grants$1,816,204

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $87,265$87,265

VIII-3 Investment incomeRelated to mission $29,860$29,860

VIII-5 Royalties$0

VIII-6 Net rental income or loss$0

VIII-7 Net gain or loss on sales of assets$0

VIII-8 Net income from fundraising events$0

VIII-12 Total revenueRelated to mission $117,125$1,933,329

Part IX · Statement of functional expenses $2,459,160 across 31 lines filed

IX-1 Grants to domestic organizations$0

IX-2 Grants to domestic individuals$0

IX-3 Grants and assistance to foreign recipients$0

IX-4 Benefits paid to or for members$0

IX-5 Pay of officers and key staff (Part IX, line 5)Management $116,115$116,115

IX-6 Pay of disqualified persons$0

IX-7 Other salaries and wagesPrograms $1,278,468$1,278,468

IX-8 Pension plan contributions$0

IX-9 Other employee benefitsPrograms $253,448 · Management $22,940$276,388

IX-10 Payroll taxes$0

IX-11a Management fees$0

IX-11b Legal fees$0

IX-11c Accounting fees$0

IX-11d Lobbying fees$0

IX-11e Professional fundraising fees$0

IX-11f Investment management fees$0

IX-11g Other fees for services$0

IX-12 Advertising and promotion$0

IX-13 Office expenses$0

IX-14 Information technology$0

IX-15 Royalties$0

IX-16 Occupancy$0

IX-17 Travel$0

IX-18 Travel and entertainment for public officials$0

IX-19 Conferences, conventions and meetings$0

IX-20 Interest$0

IX-21 Payments to affiliates$0

IX-22 Depreciation, depletion and amortizationPrograms $20,479$20,479

IX-23 Insurance$0

IX-24 Other expenses (24a–d)Programs $767,710$767,710

IX-24e All other expenses$0

IX-25 Total functional expensesPrograms $2,320,105 · Management $139,055 · Fundraising $0$2,459,160

Part X · Balance sheet $2,936,334 assets, 23 lines filed

X-1 Cash, non-interest-bearingStart of year $333,073$1,753,925

X-2 Savings and temporary cash investmentsStart of year $1,991,868$0

X-3 Pledges and grants receivable$0

X-4 Accounts receivableStart of year $29,229$0

X-5 Loans to officers and key people$0

X-6 Loans to other insiders$0

X-7 Notes and loans receivable$0

X-8 Inventories for sale or use$0

X-9 Prepaid expenses and deferred chargesStart of year $863,860$749,297

X-10c Land, buildings and equipment, netStart of year $411,043$390,564

X-11 Publicly traded securities$0

X-12 Other securities$0

X-13 Program-related investments$0

X-14 Intangible assets$0

X-15 Other assetsStart of year $108,866$42,548

X-16 Total assetsStart of year $3,737,939$2,936,334

X-17 Accounts payable and accrued expensesStart of year $182,114$188,096

X-25 Other liabilitiesStart of year $4,129,950$3,848,194

X-26 Total liabilitiesStart of year $4,312,064$4,036,290

X-27 Net assets without donor restrictionsStart of year −$2,035,045−$2,485,598

X-28 Net assets with donor restrictionsStart of year $1,460,920$1,385,642

X-32 Total net assets or fund balancesStart of year −$574,125−$1,099,956

X-33 Total liabilities and net assetsStart of year $3,737,939$2,936,334

Part XI · Reconciliation of net assets −$1,099,956 net assets at year end

XI-1 Total revenue$1,933,329

XI-2 Total expenses$2,459,160

XI-3 Revenue less expenses−$525,831

XI-4 Net assets at start of year−$574,125

XI-10 Net assets at end of year−$1,099,956

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Mound Street Academies FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Mound Street Academies

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV