Civic Intelligence

Live Oak Academy

990 • Fiscal year 2021 • EIN 20-0140345

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 15, 2021

Organization ProfileWWW.LIVEOAKACADEMY.ORG
2784 Homestead Rd Ste 141Santa Clara, CA 95051

(408) 355-4935

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.48x

Higher debt load relative to assets than 83% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

46th percentile

0.07x

Higher debt load relative to revenue than 46% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

34th percentile

4.2%

Higher net margin than 34% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

86th percentile

$160,000

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

83rd percentile

40%

Faster asset growth than 83% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

37th percentile

3.0%

Faster revenue growth than 37% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$271,525

Up $77,605 (+40%) from 2020

Net Assets

Up

$142,324

Up $193,869 (+376%) from 2020

Liabilities

Down

$129,201

Down $116,264 (-47%) from 2020

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin34th percentile

Revenue

Up

$1,880,141

Up $55,586 (+3.0%) from 2020

Expenses

Up

$1,801,956

Up $69,068 (+4.0%) from 2020

Net Income

Down

$78,185

Down $13,482 (-15%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

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

$1.0M$500K$0-$500KAssets 2011: $1,687Liabilities 2011: $86,887Net Assets 2011: -$85,2002011Assets 2012: $9,736Liabilities 2012: $105,717Net Assets 2012: -$95,9812012Assets 2013: $135,354Liabilities 2013: $281,710Net Assets 2013: -$146,3562013Assets 2014: -$69,337Liabilities 2014: $119,200Net Assets 2014: -$188,5372014Assets 2015: -$36,940Liabilities 2015: $129,870Net Assets 2015: -$166,8102015Assets 2016: $44,423Liabilities 2016: $268,357Net Assets 2016: -$223,9342016Assets 2017: -$79,257Liabilities 2017: $127,176Net Assets 2017: -$206,4332017Assets 2018: $311,669Liabilities 2018: $479,151Net Assets 2018: -$167,4822018Assets 2019: $127,648Liabilities 2019: $294,783Net Assets 2019: -$167,1352019Assets 2020: $193,920Liabilities 2020: $245,465Net Assets 2020: -$51,5452020Assets 2021: $271,525Liabilities 2021: $129,201Net Assets 2021: $142,3242021Assets 2022: $464,122Liabilities 2022: $108,489Net Assets 2022: $355,6332022Assets 2023: $536,885Liabilities 2023: $111,133Net Assets 2023: $425,7522023Assets 2024: $708,996Liabilities 2024: $130,095Net Assets 2024: $578,9012024Assets 2025: $849,506Liabilities 2025: $128,255Net Assets 2025: $721,2512025

Highlighted filing

2021

Assets$271,525
Liabilities$129,201
Net Assets$142,324
Open 2021 Filing

Operations Trend

Revenue Growth37th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $779,835Expenses 2011: $830,068Net Income 2011: -$50,2332011Revenue 2012: $819,511Expenses 2012: $830,292Net Income 2012: -$10,7812012Revenue 2013: $857,786Expenses 2013: $879,287Net Income 2013: -$21,5012013Revenue 2014: $1,015,966Expenses 2014: $1,059,175Net Income 2014: -$43,2092014Revenue 2015: $1,240,210Expenses 2015: $1,218,079Net Income 2015: $22,1312015Revenue 2016: $1,341,884Expenses 2016: $1,399,010Net Income 2016: -$57,1262016Revenue 2017: $1,458,754Expenses 2017: $1,441,255Net Income 2017: $17,4992017Revenue 2018: $1,619,698Expenses 2018: $1,580,748Net Income 2018: $38,9502018Revenue 2019: $1,721,114Expenses 2019: $1,720,767Net Income 2019: $3472019Revenue 2020: $1,824,555Expenses 2020: $1,732,888Net Income 2020: $91,6672020Revenue 2021: $1,880,141Expenses 2021: $1,801,956Net Income 2021: $78,1852021Revenue 2022: $1,991,869Expenses 2022: $1,778,558Net Income 2022: $213,3112022Revenue 2023: $2,036,288Expenses 2023: $1,966,167Net Income 2023: $70,1212023Revenue 2024: $2,240,783Expenses 2024: $2,087,634Net Income 2024: $153,1492024Revenue 2025: $2,403,327Expenses 2025: $2,260,978Net Income 2025: $142,3492025

Highlighted filing

2021

Revenue$1,880,141
Expenses$1,801,956
Net Income$78,185
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$1,880,167
Mission and Program Overview

Mission

Education support for home schooling

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$986,103$1,089,385▲ $103,282
Prepaid Expenses and Deferred Charges$8,601$9,388▲ $787
Land, Buildings, and Equipment, Net$2,031$1,185▼ $846
Accounts Receivable$-809,515$-835,133▼ $25,618
Total Assets$193,920$271,525▲ $77,605
Other Assets Total$6,700$6,700→ $0
Liabilities
Deferred Revenue$134,954$98,757▼ $36,197
Other Liabilities$110,511$30,444▼ $80,067
Total Liabilities$245,465$129,201▼ $116,264
Net Assets / Fund Balance
Total Net Assets Fund Balance$-51,545$142,324▲ $193,869
Total Liabilities and Net Assets / Fund Balance$193,920$271,525▲ $77,605

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,185$32,789$33,974
Other Assets Org$6,700--
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Steven DepangherPresident, HeadmasterFT$160,000$160,000
Elizabeth MayerBoard Mber, Dept HeadFT$88,964$88,964

Board Members and Trustees

NameTitle
Tayloe StansburyBoard Chairman, Treasurer
Alicia OwenBoard Member
Annie RoseBoard Member
Chris OwenBoard Member
Cindy StansburyBoard Member
Josephine CarusoBoard Member
Salvadore CarusoBoard Member
John RoseBoard Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$21,593
Program Service Revenue
$1,857,093
Investment Income
$53
Other Revenue
$1,402
All Other Contributions
$21,593
Change in Net Assets
$78,185
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,501,782
Other Expenses$300,174
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,140,154--$1,140,154
Current Officers, Directors, Trustees, and Key Employees$88,964$160,000-$248,964
Occupancy$188,305--$188,305
Payroll Taxes$112,664--$112,664
Information Technology-$35,820-$35,820
All Other Expenses$4,153$29,152-$33,305
Fees for Services Accounting-$8,880-$8,880
Insurance-$6,826-$6,826
Other Expenses$16,916$1,552-$1,552
Advertising$1,373--$1,373
Depreciation Depletion---$847
Total Functional Expenses$1,552,529$248,580$0$1,801,956
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,428
Fundraising Direct Expenses$26
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$30,427
State Use Tax Payable$17
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI. Section A. Governing Body and Management

“Line 2: the board of directors includes four married couples: mr. And mrs. Stansbury, mr. And mrs. Rose, mr. And mrs. Owen, and mr. And mrs caruso”

Part VI, Sec B Policies

“Line 11b: prepared return is reviewed by school finance administrator and approved by headmaster. It is available for review upon request by the board members.”

PART VI, LN 15A: COMPENSATION - PRESIDENT

“Board of directors uses a number of factors for determining and reviewing compensation of president and headmaster including salary surveys for administrative staff for private educational institutions and cost of living”

PART VI, SECTION C, LINE 19:

“Governing documents and financial statements are available upon request”

Filing and Contact Details

Filer

Filer Name
Live Oak Academy
EIN
20-0140345
Phone
4083554935
Address
2784 HOMESTEAD RD STE 141, SANTA CLARA, CA 95051

Signing Officer

Name
Steven Depangher
Title
Headmaster and President
Phone
4083554935
Signed
2021-11-15
Discuss with paid preparer
No

Organization Details

Principal Officer
Steven Depangher
Formed
2003
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
8
Employees
75
Volunteers
100

Preparer

Firm
Block Advisors
Address
15466 LOS GATOS BLVD STE 201, LOS GATOS, CA 95032
Preparer
Paul Pilipenko
Phone
4083583822
Supplemental Narrative

Additional Explanations

Change in Reporting of Tax Return Accounting Method From Cash to Accrual

“Organization has been using accrual method of accounting. Tax return has been reporting accounting based on the cash method. The return changes the way it reports accounting numbers to be in alignment with the existing organizational accrual method of accounting.”

Part X, Balance Sheet, Ln 4 Accounts Receivable, Net

“Amendment to prior period being submitted corrects balance sheet and revenue amounts as they relate to this tax return”

Part XI, Reconciliation of Net Assets, Ln 9 Other Changes in Net Assets or Fund Balances

“Switching tax return reporting of accounting amounts from cash to accrual reporting resulted in a one time difference change, mostly in balance sheet account receivables.”

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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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IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0953
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt053
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0380
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0183
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0212
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0125
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0953
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
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IRS990ScheduleA/PublicSupportCY509Pct00.99990
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IRS990ScheduleA/Total509Grp/TotalAmt06581046
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01661019
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0121289
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01721114
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01619698
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01458879
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06581999
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01185
IRS990ScheduleD/EquipmentGrp/DepreciationAmt032789
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt033974
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt06700
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt030427
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt117
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1STATE USE TAX PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01185
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06700
IRS990ScheduleD/TotalLiabilityAmt030444
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION HAS BEEN USING ACCRUAL METHOD OF ACCOUNTING. TAX RETURN HAS BEEN REPORTING ACCOUNTING BASED ON THE CASH METHOD. THE RETURN CHANGES THE WAY IT REPORTS ACCOUNTING NUMBERS TO BE IN ALIGNMENT WITH THE EXISTING ORGANIZATIONAL ACCRUAL METHOD OF ACCOUNTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LINE 2: THE BOARD OF DIRECTORS INCLUDES FOUR MARRIED COUPLES: MR. AND MRS. STANSBURY, MR. AND MRS. ROSE, MR. AND MRS. OWEN, AND MR. AND MRS CARUSO
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LINE 11B: PREPARED RETURN IS REVIEWED BY SCHOOL FINANCE ADMINISTRATOR AND APPROVED BY HEADMASTER. IT IS AVAILABLE FOR REVIEW UPON REQUEST BY THE BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF DIRECTORS USES A NUMBER OF FACTORS FOR DETERMINING AND REVIEWING COMPENSATION OF PRESIDENT AND HEADMASTER INCLUDING SALARY SURVEYS FOR ADMINISTRATIVE STAFF FOR PRIVATE EDUCATIONAL INSTITUTIONS AND COST OF LIVING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Amendment to prior period being submitted corrects balance sheet and revenue amounts as they relate to this tax return
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Switching tax return reporting of accounting amounts from cash to accrual reporting resulted in a one time difference change, mostly in balance sheet account receivables.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0CHANGE IN REPORTING OF TAX RETURN ACCOUNTING METHOD FROM CASH TO ACCRUAL
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI. SECTION A. GOVERNING BODY AND MANAGEMENT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, SEC B POLICIES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI, LN 15A: COMPENSATION - PRESIDENT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART VI, SECTION C, LINE 19:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART X, BALANCE SHEET, LN 4 ACCOUNTS RECEIVABLE, NET
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART XI, RECONCILIATION OF NET ASSETS, LN 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES
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IRS990/USAddress/CityNm0Santa Clara
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IRS990/USAddress/ZIPCd095051
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVEN DEPANGHER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEADMASTER AND PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04083554935
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIVE OAK ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0LIVE
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Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$271,525
Liabilities
$129,201
Net assets
$142,324
Revenue
$1,880,141
Expenses
$1,801,956
Net income
$78,185
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.85$0.13$0.72$2.40$2.26$0.14
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.71$0.13$0.58$2.24$2.09$0.15
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.11$0.43$2.04$1.97$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.46$0.11$0.36$1.99$1.78$0.21
2021Detailed filing. Detailed filing data is available for this year.$0.27$0.13$0.14$1.88$1.80$0.08
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.25$0.05$1.82$1.73$0.09
2019Summary only. Only limited summary data is available for this year.$0.13$0.29$0.17$1.72$1.72$0.00
2018Summary only. Only limited summary data is available for this year.$0.31$0.48$0.17$1.62$1.58$0.04
2017Summary only. Only limited summary data is available for this year.$0.08$0.13$0.21$1.46$1.44$0.02
2016Summary only. Only limited summary data is available for this year.$0.04$0.27$0.22$1.34$1.40$0.06
2015Summary only. Only limited summary data is available for this year.$0.04$0.13$0.17$1.24$1.22$0.02
2014Summary only. Only limited summary data is available for this year.$0.07$0.12$0.19$1.02$1.06$0.04
2013Summary only. Only limited summary data is available for this year.$0.14$0.28$0.15$0.86$0.88$0.02
2012Summary only. Only limited summary data is available for this year.$0.01$0.11$0.10$0.82$0.83$0.01
2011Summary only. Only limited summary data is available for this year.$0.00$0.09$0.09$0.78$0.83$0.05