Civic Intelligence

Capistrano Connections Academy

990 • Fiscal year 2014 • EIN 20-1485148

Jul 01, 2013 to Jun 30, 2014 • Filed on Jan 21, 2015

33272 Valle Road92675

(949) 461-1667

Siviq Scores

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

Liabilities / Assets

87th percentile

0.82x

Higher debt load relative to assets than 87% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

51st percentile

0.26x

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

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

27th percentile

-2.0%

Higher net margin than 27% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

83rd percentile

17%

Faster asset growth than 83% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

75th percentile

17%

Faster revenue growth than 75% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2011 to 2014

Assets

Up

$4,912,801

Up $728,147 (+17%) from 2013

Net Assets

Down

$894,278

Down $309,700 (-26%) from 2013

Liabilities

Up

$4,018,523

Up $1,037,847 (+35%) from 2013

Revenue

$15,351,601

No earlier filing loaded for comparison.

Expenses

Up

$15,661,301

Up $2,959,802 (+23%) from 2013

Net Income

-$309,700

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $2,928,720Liabilities 2011: $2,038,793Net Assets 2011: $889,9272011Assets 2012: $3,982,066Liabilities 2012: $2,857,516Net Assets 2012: $1,124,5502012Assets 2013: $4,184,654Liabilities 2013: $2,980,676Net Assets 2013: $1,203,9782013Assets 2014: $4,912,801Liabilities 2014: $4,018,523Net Assets 2014: $894,2782014Assets 2015: $4,234,329Liabilities 2015: $3,937,523Net Assets 2015: $296,8062015Assets 2016: $7,024,200Liabilities 2016: $6,756,276Net Assets 2016: $267,9242016Assets 2017: $8,271,416Liabilities 2017: $7,463,631Net Assets 2017: $807,7852017

Highlighted filing

2014

Assets$4,912,801
Liabilities$4,018,523
Net Assets$894,278

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2011: $9,476,564Expenses 2011: $9,040,338Net Income 2011: $436,2262011Expenses 2012: $10,827,8562012Expenses 2013: $12,701,4992013Revenue 2014: $15,351,601Expenses 2014: $15,661,301Net Income 2014: -$309,7002014Revenue 2015: $18,850,319Expenses 2015: $19,447,791Net Income 2015: -$597,4722015Revenue 2016: $25,156,837Expenses 2016: $25,185,719Net Income 2016: -$28,8822016Revenue 2017: $29,832,033Expenses 2017: $29,292,172Net Income 2017: $539,8612017

Highlighted filing

2014

Revenue$15,351,601
Expenses$15,661,301
Net Income-$309,700
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 21, 2015
Return Version
2013v4.0
Gross Receipts
$15,351,601
Mission and Program Overview

Mission

The mission of california connections academy schools is to leverage 21st century education resources on behalf of students who need a morepersonalized approach to learning to maximize these students' potential and meet the highest performance standards. This mission is accomplished through a uniquely individualized learning program that combines the best in virtual education with real connections among students, family, teachers, and the community to promote academic and emotional success for every learner. The charter school program provides a high-quality, high-tech, high- interaction virtual "school without walls" that brings an accredited tuition free public educational program directly into the homes of students in grades k-12.

The mission of the school is to leverage technology on behalf of students who need a more personalized approach to education to maximize their potential and meet the highest performance standards. The mission is accomplished through unique individualized learning that serves students in grades k-12 and brings a fully accredited public education directly into the homes of students throughout los angeles, san diego, orange, riverside and san bernardino counties.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$2,477,452-
Accounts Receivable$1,553,820$2,317,971▲ $764,151
Cash and Non-Interest-Bearing Accounts$2,607,958$85,125▼ $2,522,833
Prepaid Expenses and Deferred Charges$22,876$32,253▲ $9,377
Total Assets$4,184,654$4,912,801▲ $728,147
Liabilities
Accounts Payable and Accrued Expenses$2,980,676$3,832,449▲ $851,773
Deferred Revenue-$186,074-
Total Liabilities$2,980,676$4,018,523▲ $1,037,847
Net Assets / Fund Balance
Unrestricted Net Assets$1,203,978$894,278▼ $309,700
Total Net Assets Fund Balance$1,203,978$894,278▼ $309,700
Total Liabilities and Net Assets / Fund Balance$4,184,654$4,912,801▲ $728,147
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Richard SavagePrincipalFT$70,574$17,795$88,369

Board Members and Trustees

NameTitle
Brad DavisPresident
Dan SutherlandBoard Member
Elaine PavlichSecretary
Mike HenjumTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$14,448,811
Program Service Revenue
$0
Investment Income
$6,115
Other Revenue
$896,675
Change in Net Assets
$-309,700

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,351,601
Total Revenue per Audited Statements
$15,351,601
Total Revenue per Form 990
$15,351,601
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,357,759
Salaries, Compensation, and Employee Benefits$6,303,542
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,044,493$785,578-$4,830,071
Fees for Services Other$1,070,629$841,618-$1,912,247
Other Employee Benefits$723,669$141,404-$865,073
All Other Expenses$300,356$298,969-$599,325
Pension Plan Contributions$303,987$32,401-$336,388
Other Expenses$270,225$549,970-$270,225
Office Expenses$105,336$108,395-$213,731
Occupancy$188,985$9,920-$198,905
Current Officers, Directors, Trustees, and Key Employees-$147,178-$147,178
Payroll Taxes$80,890$43,942-$124,832
Fees for Services Legal-$48,642-$48,642
Travel-$48,539-$48,539
Fees for Services Management-$12,212-$12,212
Fees for Services Accounting-$10,850-$10,850
Insurance-$2,206-$2,206
Total Functional Expenses$11,729,477$3,931,824$0$15,661,301

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$15,661,301
Total Expenses per Audited Statements$15,661,301
Total Expenses per Form 990$15,661,301
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
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Connections academy, llc provides educational, financial and reporting, and management services for a fee to manage day-to-day provision and operations of educational services.

Form 990, Page 6, Part VI, Line 7A

The authorizing district has the right to appoint a district representative to the board; however, this right has not been exercised.

Form 990, Page 6, Part VI, Line 11B

The 990 is distributed and reviewed by the board prior to submission. The board may delegate this function to the finance/audit committee, but currently that committee is actually the full board.

Form 990, Page 6, Part VI, Line 12C

All designated filers submit a form 700 annually to the school filing officer. The forms are also submitted to the code reviewing body which is orange county clerk of the board of supervisors. Form 700s are available to the public upon request.

Form 990, Page 6, Part VI, Line 15A

Prior to approval of annual salary for principal (if salary is being changed) a review of comparable salaries in the area is prepared and submitted for review to the board members, who then review, discuss and approve the principal's compensation package during a publicly noticed meeting.

Form 990, Page 6, Part VI, Line 19

Since the corporation is a public agency, all governing documents, board policies, meeting minutes, agendas, meeting packages of backup materials, etc, are public records and an electronic copy of each is kept as well as paper copies at the school site. There is a public records policy (policy available upon request) regarding how to and from whom to make a request of these documents.

Filing and Contact Details

Filer

EIN
20-1485148
Phone
9494611667

Signing Officer

Name
Michael Henjum
Title
Board Treasurer
Phone
9494611667
Signed
2015-01-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Henjum
Formed
2004
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
125
Volunteers
5

Preparer

Preparer
Derrick Debruyne CPA
Phone
6268577300
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the school is to leverage technology on behalf of students who need a more personalized approach to education to maximize their potential and meet the highest performance standards. The mission is accomplished through unique individualized learning that serves students in grades k-12 and brings a fully accredited public education directly into the homes of students throughout los angeles, san diego, orange, riverside and san bernardino counties.

Form 990, Part IX, Line 11G

Sped services fees 699,560 0 0 instruction - school admin 0 515,597 0 testing fees 335,984 0 0 instruction reimbursement 23,235 0 0 short term substitute teacher 11,850 0 0 technical support & repairs 0 321,696 0 processing fees 0 4,325 0

Financial Statement Notes

Schedule D, Page 3, Part X

The school is a non-profit entity exempt from the payment of income taxes under internal revenue code section 501(c)(3) and california revenue and taxation code section 23701d. Accordingly, no provision has been made for income taxes. Management has determined that all income tax positions are more likely than not of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required. The school files informational returns in the u.s. Federal jurisdiction, and the state of california. The statute of limitations for federal and california state purposes is generally three and four years, respectively.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS A NON-PROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE SCHOOL FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION, AND THE STATE OF CALIFORNIA. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalRevenuePerForm990Amt015351601
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF THE SCHOOL IS TO LEVERAGE TECHNOLOGY ON BEHALF OF STUDENTS WHO NEED A MORE PERSONALIZED APPROACH TO EDUCATION TO MAXIMIZE THEIR POTENTIAL AND MEET THE HIGHEST PERFORMANCE STANDARDS. THE MISSION IS ACCOMPLISHED THROUGH UNIQUE INDIVIDUALIZED LEARNING THAT SERVES STUDENTS IN GRADES K-12 AND BRINGS A FULLY ACCREDITED PUBLIC EDUCATION DIRECTLY INTO THE HOMES OF STUDENTS THROUGHOUT LOS ANGELES, SAN DIEGO, ORANGE, RIVERSIDE AND SAN BERNARDINO COUNTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONNECTIONS ACADEMY, LLC PROVIDES EDUCATIONAL, FINANCIAL AND REPORTING, AND MANAGEMENT SERVICES FOR A FEE TO MANAGE DAY-TO-DAY PROVISION AND OPERATIONS OF EDUCATIONAL SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE AUTHORIZING DISTRICT HAS THE RIGHT TO APPOINT A DISTRICT REPRESENTATIVE TO THE BOARD; HOWEVER, THIS RIGHT HAS NOT BEEN EXERCISED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 IS DISTRIBUTED AND REVIEWED BY THE BOARD PRIOR TO SUBMISSION. THE BOARD MAY DELEGATE THIS FUNCTION TO THE FINANCE/AUDIT COMMITTEE, BUT CURRENTLY THAT COMMITTEE IS ACTUALLY THE FULL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DESIGNATED FILERS SUBMIT A FORM 700 ANNUALLY TO THE SCHOOL FILING OFFICER. THE FORMS ARE ALSO SUBMITTED TO THE CODE REVIEWING BODY WHICH IS ORANGE COUNTY CLERK OF THE BOARD OF SUPERVISORS. FORM 700S ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PRIOR TO APPROVAL OF ANNUAL SALARY FOR PRINCIPAL (IF SALARY IS BEING CHANGED) A REVIEW OF COMPARABLE SALARIES IN THE AREA IS PREPARED AND SUBMITTED FOR REVIEW TO THE BOARD MEMBERS, WHO THEN REVIEW, DISCUSS AND APPROVE THE PRINCIPAL'S COMPENSATION PACKAGE DURING A PUBLICLY NOTICED MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SINCE THE CORPORATION IS A PUBLIC AGENCY, ALL GOVERNING DOCUMENTS, BOARD POLICIES, MEETING MINUTES, AGENDAS, MEETING PACKAGES OF BACKUP MATERIALS, ETC, ARE PUBLIC RECORDS AND AN ELECTRONIC COPY OF EACH IS KEPT AS WELL AS PAPER COPIES AT THE SCHOOL SITE. THERE IS A PUBLIC RECORDS POLICY (POLICY AVAILABLE UPON REQUEST) REGARDING HOW TO AND FROM WHOM TO MAKE A REQUEST OF THESE DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7SPED SERVICES FEES 699,560 0 0 INSTRUCTION - SCHOOL ADMIN 0 515,597 0 TESTING FEES 335,984 0 0 INSTRUCTION REIMBURSEMENT 23,235 0 0 SHORT TERM SUBSTITUTE TEACHER 11,850 0 0 TECHNICAL SUPPORT & REPAIRS 0 321,696 0 PROCESSING FEES 0 4,325 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
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ReturnHeader/BuildTS02016-02-25 16:41:14Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL HENJUM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD TREASURER
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ReturnHeader/BusinessOfficerGrp/SignatureDt02015-01-21
ReturnHeader/Filer/BusinessName/BusinessNameLine10CAPISTRANO CONNECTIONS ACADEMY
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine102210 E ROUTE 66 STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0GLENDORA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0917404676
ReturnHeader/PreparerPersonGrp/PhoneNum06268577300
ReturnHeader/PreparerPersonGrp/PreparationDt02015-02-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DERRICK DEBRUYNE CPA
ReturnHeader/ReturnTs02015-02-10T14:41:17-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

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