Civic Intelligence

Synergy Academies

990 • Fiscal year 2013 • EIN 20-0672173

Jul 01, 2012 to Jun 30, 2013 • Filed on Mar 18, 2014

Organization ProfileWWW.WEARESYNERGY.ORG

View Organization Page

PO Box 7899990016
Siviq Scores

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

Liabilities / Assets

31st percentile

0.09x

Higher debt load relative to assets than 31% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

92nd percentile

34%

Faster asset growth than 92% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$7,388,546

Up $1,855,466 (+34%) from 2012

Net Assets

Up

$6,704,435

Up $1,936,195 (+41%) from 2012

Liabilities

Down

$684,111

Down $80,729 (-11%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$8,636,472

Up $1,310,906 (+18%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$30M$20M$10M$0Assets 2011: $2,959,037Liabilities 2011: $602,182Net Assets 2011: $2,356,8552011Assets 2012: $5,533,080Liabilities 2012: $764,840Net Assets 2012: $4,768,2402012Assets 2013: $7,388,546Liabilities 2013: $684,111Net Assets 2013: $6,704,4352013Assets 2014: $8,643,112Liabilities 2014: $315,467Net Assets 2014: $8,327,6452014Assets 2015: $9,936,074Liabilities 2015: $678,836Net Assets 2015: $9,257,2382015Assets 2016: $11,056,694Liabilities 2016: $762,338Net Assets 2016: $10,294,3562016Assets 2017: $12,401,565Liabilities 2017: $887,213Net Assets 2017: $11,514,3522017Assets 2018: $13,260,922Liabilities 2018: $402,998Net Assets 2018: $12,857,9242018Assets 2019: $15,032,055Liabilities 2019: $947,313Net Assets 2019: $14,084,7422019Assets 2020: $16,950,650Liabilities 2020: $1,352,064Net Assets 2020: $15,598,5862020Assets 2021: $20,132,785Liabilities 2021: $1,961,777Net Assets 2021: $18,171,0082021Assets 2022: $22,403,920Liabilities 2022: $2,551,594Net Assets 2022: $19,852,3262022Assets 2023: $28,614,480Liabilities 2023: $7,018,676Net Assets 2023: $21,595,8042023

Highlighted filing

2013

Assets$7,388,546
Liabilities$684,111
Net Assets$6,704,435
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$30M$20M$10M$0Revenue 2011: $5,939,880Expenses 2011: $4,893,995Net Income 2011: $1,045,8852011Expenses 2012: $7,325,5662012Expenses 2013: $8,636,4722013Revenue 2014: $12,085,563Expenses 2014: $10,462,353Net Income 2014: $1,623,2102014Revenue 2015: $13,879,884Expenses 2015: $12,950,291Net Income 2015: $929,5932015Revenue 2016: $16,478,011Expenses 2016: $15,440,893Net Income 2016: $1,037,1182016Revenue 2017: $17,023,101Expenses 2017: $15,803,105Net Income 2017: $1,219,9962017Revenue 2018: $17,526,220Expenses 2018: $16,182,648Net Income 2018: $1,343,5722018Revenue 2019: $18,415,183Expenses 2019: $17,188,365Net Income 2019: $1,226,8182019Revenue 2020: $18,663,937Expenses 2020: $17,150,093Net Income 2020: $1,513,8442020Revenue 2021: $19,751,709Expenses 2021: $17,179,287Net Income 2021: $2,572,4222021Revenue 2022: $21,618,793Expenses 2022: $19,909,661Net Income 2022: $1,709,1322022Revenue 2023: $25,797,227Expenses 2023: $23,980,688Net Income 2023: $1,816,5392023

Highlighted filing

2013

Revenue-
Expenses$8,636,472
Net Income-
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Mar 18, 2014
Return Version
2012v2.3
Gross Receipts
$10,584,176
Mission and Program Overview

Mission

We work together as a community to disrupt educational inequity by providing high quality instruction, support, and access for all students to excel.

Filing and Contact Details

Filer

EIN
20-0672173
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IRS990ScheduleG/EventsInformation/GrossRevenueEvent1014447
IRS990ScheduleG/EventsInformation/GrossRevenueEvent208767
IRS990ScheduleG/EventsInformation/GrossRevenueOtherEvents018579
IRS990ScheduleG/EventsInformation/GrossRevenueTotalEvents041793
IRS990ScheduleG/EventsInformation/NameOfEvent10WASHINGTON DC
IRS990ScheduleG/EventsInformation/NameOfEvent20CHEESECAKE FUND
IRS990ScheduleG/EventsInformation/NetIncomeSummary030284
IRS990ScheduleG/EventsInformation/OtherDirectExpensesEvent201123
IRS990ScheduleG/EventsInformation/OtherDirectExpensesOtherEvents010386
IRS990ScheduleG/EventsInformation/OtherDirectExpensesTotalEvents011509
IRS990ScheduleG/EventsInformation/TotalNumberOfOtherEvents014
IRS990/ScheduleJRequired0false
IRS990ScheduleO/GeneralExplanation/Explanation0KINETIC ACADEMY AND SYNERGY QUANTUM ACADEMY
IRS990ScheduleO/GeneralExplanation/Explanation1SYNERGY ACADEMIES' MISSION IS TO CREATE AND SHARE SOLUTIONS THAT ELIMINATE THE ACHIEVEMENT GAP. SYNERGY CREATES AND SHARES SOLUTIONS THROUGH THE OPERATION OF URBAN PUBLIC CHARTER SCHOOLS IN SOUTH LOS ANGELES THAT IMPLEMENT A HOLISTIC APPROACH TO EDUCATION, BELIEVE IN COLLECTIVE ACCOUNTABILITY, AND SHARE BEST PRACTICES THROUGH PROFESSIONAL COLLABORATION.
IRS990ScheduleO/GeneralExplanation/Explanation2MARGARET PALISOC RANDOLPH PALISOC CEO/FOUNDER CAO/FOUNDER HUSBAND AND WIFE
IRS990ScheduleO/GeneralExplanation/Explanation3THE RETURN IS INITIALLY REVIEWED BY MANGEMENT AND THEN REVIEWED BY THE BOARD PRIOR TO FILING THE RETURN.
IRS990ScheduleO/GeneralExplanation/Explanation4SYNERGY'S OFFICERS, DIRECTORS OR TRUSTEES, AND KEY EMPLOYEES COMPLETE FORM 700 EACH YEAR TO PUBLICLY DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. FORM 700 IS A PUBLIC DOCUMENT, AND COPIES ARE RETAINED AT SYNERGY ACADMIES AND THE ORIGINALS ARE MAINTAINED BY THE LOS ANGELES UNIFIED SCHOOL DISTRICT.
IRS990ScheduleO/GeneralExplanation/Explanation5SYNERGY ACADMIES HAS A COMPENSATION POLICY IN WHICH NO MANAGMENT OFFICAL INCLUDING DIRECTORS AND KEY EMPLOYEES MAY BE COMPENSATED WITHOUT BOARD APPROVAL. IN ADDITION, THE REASONABLENESS OF COMPENSATION WILL BE REVIEWED TO COMPARABLE DATA AND THE DELIBERATION AND DECISION OF THE REASONABLENESS OF THE COMPENSATION WILL BE DOCUMENTED IN THE CORPORATE MINUTE BOOKS. THIS PROCESS WILL REVIEW THE FAIRNESS OF ANY COMPENSATION TO THESE TOP MANAGEMENT OFFICALS UPON THEIR HIRE OR CHANGE IN COMPENSATION.
IRS990ScheduleO/GeneralExplanation/Explanation6SEE ABOVE EXPLANATION.
IRS990ScheduleO/GeneralExplanation/Explanation7THE SCHOOL PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation8FUNDRAISING EXPENSE 24,226 FUNDRAISING EXPENSE -24,226
IRS990ScheduleO/GeneralExplanation/Identifier0DOING BUSINESS AS
IRS990ScheduleO/GeneralExplanation/Identifier1ORGANIZATION'S MISSION
IRS990ScheduleO/GeneralExplanation/Identifier2RELATED PARTY INFORMATION AMONG OFFICERS
IRS990ScheduleO/GeneralExplanation/Identifier3ORGANIZATION'S PROCESS USED TO REVIEW FORM 990
IRS990ScheduleO/GeneralExplanation/Identifier4ENFORCEMENT OF CONFLICTS POLICY
IRS990ScheduleO/GeneralExplanation/Identifier5COMPENSATION PROCESS FOR TOP OFFICIAL
IRS990ScheduleO/GeneralExplanation/Identifier6COMPENSATION PROCESS FOR OFFICERS
IRS990ScheduleO/GeneralExplanation/Identifier7GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
IRS990ScheduleO/GeneralExplanation/Identifier8RECONCILIATION OF CHANGES - OTHER
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PAGE 1, ITEM C
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference8FORM 990, PART XI, LINE 9
IRS990/ScheduleORequired0true
IRS990/School0true
IRS990/SignificantChange0false
IRS990/SignificantNewProgramServices0false
IRS990/StateLegalDomicile0CA
IRS990/StatesWhereCopyOfReturnIsFiled0CA
IRS990/SubjectToProxyTax0false
IRS990/TaxablePartyNotification0false
IRS990/TaxExemptBonds0false
IRS990/TemporarilyRestrictedNetAssets/BOY0141511
IRS990/TemporarilyRestrictedNetAssets/EOY080930
IRS990/Terminated0false
IRS990/TermOrPermanentEndowments0false
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10PO BOX 78999

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$7,388,546
Liabilities
$684,111
Net assets
$6,704,435
Revenue
-
Expenses
$8,636,472
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$28.6$7.02$21.6$25.8$24.0$1.82
2022Summary only. Only limited summary data is available for this year.$22.4$2.55$19.9$21.6$19.9$1.71
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.1$1.96$18.2$19.8$17.2$2.57
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.0$1.35$15.6$18.7$17.2$1.51
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.0$0.95$14.1$18.4$17.2$1.23
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.3$0.40$12.9$17.5$16.2$1.34
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.4$0.89$11.5$17.0$15.8$1.22
2016Detailed filing. Detailed filing data is available for this year.$11.1$0.76$10.3$16.5$15.4$1.04
2015Summary only. Only limited summary data is available for this year.$9.94$0.68$9.26$13.9$13.0$0.93
2014Detailed filing. Detailed filing data is available for this year.$8.64$0.32$8.33$12.1$10.5$1.62
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.39$0.68$6.70$8.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.53$0.76$4.77$7.33
2011Summary only. Only limited summary data is available for this year.$2.96$0.60$2.36$5.94$4.89$1.05