Civic Intelligence

Discovery Education Services Inc.

990 • Fiscal year 2014 • EIN 20-3366305

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 06, 2014

2427 Lynx Lane32804

(407) 253-7304

Siviq Scores

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

Liabilities / Assets

81st percentile

0.66x

Higher debt load relative to assets than 81% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

69th percentile

0.47x

Higher debt load relative to revenue than 69% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

60th percentile

6.2%

Higher net margin than 60% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

49th percentile

$114,605

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

99th percentile

270%

Faster asset growth than 99% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

85th percentile

34%

Faster revenue growth than 85% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2012 to 2014

Assets

Up

$4,139,880

Up $3,020,715 (+270%) from 2013

Net Assets

Up

$1,428,070

Up $360,047 (+34%) from 2013

Liabilities

Up

$2,711,810

Up $2,660,668 (+5203%) from 2013

Revenue

$5,782,334

No earlier filing loaded for comparison.

Expenses

Up

$5,422,287

Up $954,858 (+21%) from 2013

Net Income

$360,047

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.

$200M$150M$100M$50M$0Assets 2011: $390,817Liabilities 2011: $9,211Net Assets 2011: $381,6062011Assets 2012: $665,559Liabilities 2012: $9,076Net Assets 2012: $656,4832012Assets 2013: $1,119,165Liabilities 2013: $51,142Net Assets 2013: $1,068,0232013Assets 2014: $4,139,880Liabilities 2014: $2,711,810Net Assets 2014: $1,428,0702014Assets 2015: $6,694,669Liabilities 2015: $5,932,110Net Assets 2015: $762,5592015Assets 2016: $8,231,244Liabilities 2016: $6,054,417Net Assets 2016: $2,176,8272016Assets 2017: $15,200,222Liabilities 2017: $11,447,940Net Assets 2017: $3,752,2822017Assets 2018: $19,175,509Liabilities 2018: $13,594,322Net Assets 2018: $5,581,1872018Assets 2019: $21,304,424Liabilities 2019: $13,121,844Net Assets 2019: $8,182,5802019Assets 2020: $27,591,828Liabilities 2020: $17,500,936Net Assets 2020: $10,090,8922020Assets 2021: $22,168,948Liabilities 2021: $13,195,930Net Assets 2021: $8,973,0182021Assets 2022: $119,613,299Liabilities 2022: $107,797,885Net Assets 2022: $11,815,4142022Assets 2023: $153,272,117Liabilities 2023: $139,159,510Net Assets 2023: $14,112,6072023Assets 2024: $154,810,401Liabilities 2024: $139,284,064Net Assets 2024: $15,526,3372024

Highlighted filing

2014

Assets$4,139,880
Liabilities$2,711,810
Net Assets$1,428,070

Operations Trend

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

$60M$40M$20M$0Expenses 2011: $2,542,0542011Revenue 2012: $3,213,415Expenses 2012: $2,938,538Net Income 2012: $274,8772012Expenses 2013: $4,467,4292013Revenue 2014: $5,782,334Expenses 2014: $5,422,287Net Income 2014: $360,0472014Revenue 2015: $8,233,701Expenses 2015: $7,661,960Net Income 2015: $571,7412015Revenue 2016: $11,912,690Expenses 2016: $10,498,422Net Income 2016: $1,414,2682016Revenue 2017: $15,156,698Expenses 2017: $13,640,560Net Income 2017: $1,516,1382017Revenue 2018: $17,418,567Expenses 2018: $15,589,662Net Income 2018: $1,828,9052018Revenue 2019: $23,208,677Expenses 2019: $20,606,064Net Income 2019: $2,602,6132019Revenue 2020: $25,611,124Expenses 2020: $23,702,812Net Income 2020: $1,908,3122020Revenue 2021: $29,305,548Expenses 2021: $26,666,118Net Income 2021: $2,639,4302021Revenue 2022: $33,242,102Expenses 2022: $30,399,706Net Income 2022: $2,842,3962022Revenue 2023: $35,691,120Expenses 2023: $33,393,927Net Income 2023: $2,297,1932023Revenue 2024: $40,747,243Expenses 2024: $39,333,513Net Income 2024: $1,413,7302024

Highlighted filing

2014

Revenue$5,782,334
Expenses$5,422,287
Net Income$360,047
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 6, 2014
Return Version
2013v3.1
Gross Receipts
$5,782,334
Mission and Program Overview

Mission

To operate public charter schools focused on stem-r (science, technology, engineering, mathematics, & reading) curriculum.

To operate a public charter school focusing on science and mathematics.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$415,389$3,091,901▲ $2,676,512
Rtn Earn Endowment Incm Other Fnds$694,944$977,939▲ $282,995
Cash and Non-Interest-Bearing Accounts$648,165$546,312▼ $101,853
Pd in Cap Srpls Land Bldg Eqp Fund$373,079$450,131▲ $77,052
Accounts Receivable$19,611$333,309▲ $313,698
Total Assets$1,119,165$4,139,880▲ $3,020,715
Other Assets Total$36,000$168,358▲ $132,358
Liabilities
Other Liabilities$42,310$2,703,178▲ $2,660,868
Accounts Payable and Accrued Expenses$8,832$8,632▼ $200
Total Liabilities$51,142$2,711,810▲ $2,660,668
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,068,023$1,428,070▲ $360,047
Total Liabilities and Net Assets / Fund Balance$1,119,165$4,139,880▲ $3,020,715

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,290,478$15,346-
Other Land Buildings$333,938--
Land$974,176--
Equipment$126,667$157,060-
Leasehold Improvements$366,642$55,353-
Other Assets Org$8,487--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Dr Sirin Coskun BudakPresident$114,605$114,605

Board Members and Trustees

NameTitle
Ibrahim SabuncuVice President
David CanoraMember
Ersan SongurMember
Orhan KarahanMember
Yalcin AkinPrincipal
Revenue and Support

Revenue Composition

Contributions and Grants
$2,886
Program Service Revenue
$5,440,406
Investment Income
$0
Other Revenue
$339,042
Change in Net Assets
$360,047
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,422,287
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$2,025,163$640,738$0$2,665,901
Depreciation Depletion$104,532$0$0$104,532
Other Expenses$13,707$0$0$13,707
Interest$4,301$0$0$4,301
Total Functional Expenses$4,781,549$640,738$0$5,422,287
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Technology LLC Mortgage$1,850,000
Technology LLC Loc$400,000
Technology LLC Due to Middle/high$300,000
Technology LLC Deposits Payable$110,000
Capital Leases Payable$43,178
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
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

EIN
20-3366305
Phone
4072537304

Signing Officer

Name
Dr Sirin Coskun Budak
Title
President
Phone
4072537304
Signed
2014-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sirin Budak
Formed
2007
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
65
Volunteers
5

Preparer

Preparer
Robert Walker CPA
Phone
8136248643
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The 990 is prepared by an independent cpa firm and a

Pt VI, Line 11B

Draft is provided to the finance committee for review.

Pt VI, Line 11B

The final 990 is provided to the board for approval.

Pt VI, Line 12C

At each board meeting, the agenda is notated to remind

Pt VI, Line 12C

Board members to recuse from voting on any item that

Pt VI, Line 12C

May be a conflict of interest.

Pt VI, Line 15B

The principal is paid in accordance with the school

Pt VI, Line 15B

DISTRICT'S PAY SCALE.

Form 990, Part IX, Line 24F

General support services 125564. 0. 125564. 0. Board of education 26186. 0. 26186. 0. School administration 977977. 488989. 488988. 0. Facilities acquisition 766880. 766880. 0. 0. Fiscal services 199434. 199434. 0. 0. Food services 20426. 20426. 0. 0. Operation of plant 174880. 174880. 0. 0. Maintenance of plant 20384. 20384. 0. 0. Community service 186629. 186629. 0. 0. Central services 6426. 6426. 0. 0. Technology llc exp 147864. 147864. 0. 0. Discovery exp 13251. 13251. 0. 0.

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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/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE NONDISCRIMINATORY POLICY IS POSTED ON ITS WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1RECEIVES GRANTS THROUGH THE FLORIDA DEPT OF EDUCATION
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 6b
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DRAFT IS PROVIDED TO THE FINANCE COMMITTEE FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FINAL 990 IS PROVIDED TO THE BOARD FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AT EACH BOARD MEETING, THE AGENDA IS NOTATED TO REMIND
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS TO RECUSE FROM VOTING ON ANY ITEM THAT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MAY BE A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PRINCIPAL IS PAID IN ACCORDANCE WITH THE SCHOOL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DISTRICT'S PAY SCALE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8GENERAL SUPPORT SERVICES 125564. 0. 125564. 0. BOARD OF EDUCATION 26186. 0. 26186. 0. SCHOOL ADMINISTRATION 977977. 488989. 488988. 0. FACILITIES ACQUISITION 766880. 766880. 0. 0. FISCAL SERVICES 199434. 199434. 0. 0. FOOD SERVICES 20426. 20426. 0. 0. OPERATION OF PLANT 174880. 174880. 0. 0. MAINTENANCE OF PLANT 20384. 20384. 0. 0. COMMUNITY SERVICE 186629. 186629. 0. 0. CENTRAL SERVICES 6426. 6426. 0. 0. TECHNOLOGY LLC EXP 147864. 147864. 0. 0. DISCOVERY EXP 13251. 13251. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24f
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine10DISCOVERY EDUCATION SERVICES INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine10DISCOVERY EDUCATION PROPERTIES AT TECHNOLOGY LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0371746236
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt02609350
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0BUILDING LEASE
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0125811
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine102427 LYNX LANE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/City0ORLANDO
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/State0FL
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCode032804
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01119165
IRS990/TotalAssetsEOYAmt04139880
IRS990/TotalAssetsGrp/BOYAmt01119165
IRS990/TotalAssetsGrp/EOYAmt04139880
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02886
IRS990/TotalEmployeeCnt065
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0640738
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04781549
IRS990/TotalFunctionalExpensesGrp/TotalAmt05422287
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt051142
IRS990/TotalLiabilitiesEOYAmt02711810
IRS990/TotalLiabilitiesGrp/BOYAmt051142
IRS990/TotalLiabilitiesGrp/EOYAmt02711810
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01068023
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01428070
IRS990/TotalProgramServiceExpensesAmt04781549
IRS990/TotalProgramServiceRevenueAmt05440406
IRS990/TotalReportableCompFromOrgAmt0114605
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05779448
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05782334
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01119165
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04139880
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine102427 LYNX LANE
IRS990/USAddress/City0ORLANDO
IRS990/USAddress/State0FL
IRS990/USAddress/ZIPCode032804
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DR SIRIN COSKUN BUDAK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04072537304
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine10DISCOVERY EDUCATION SERVICES INC
ReturnHeader/Filer/BusinessNameControlTxt0DISC
ReturnHeader/Filer/EIN0203366305
ReturnHeader/Filer/PhoneNum04072537304
ReturnHeader/Filer/USAddress/AddressLine102427 LYNX LANE
ReturnHeader/Filer/USAddress/City0ORLANDO
ReturnHeader/Filer/USAddress/State0FL
ReturnHeader/Filer/USAddress/ZIPCode032804
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Robert Walker CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10709 W Azeele St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Tampa
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode033606
ReturnHeader/PreparerPersonGrp/PhoneNum08136248643
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT WALKER CPA
ReturnHeader/ReturnTs02014-11-10T07:46:54-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$155$139$15.5$40.7$39.3$1.41
2023Detailed filing. Detailed filing data is available for this year.$153$139$14.1$35.7$33.4$2.30
2022Detailed filing. Detailed filing data is available for this year.$120$108$11.8$33.2$30.4$2.84
2021Detailed filing. Detailed filing data is available for this year.$22.2$13.2$8.97$29.3$26.7$2.64
2020Detailed filing. Detailed filing data is available for this year.$27.6$17.5$10.1$25.6$23.7$1.91
2019Detailed filing. Detailed filing data is available for this year.$21.3$13.1$8.18$23.2$20.6$2.60
2018Detailed filing. Detailed filing data is available for this year.$19.2$13.6$5.58$17.4$15.6$1.83
2017Detailed filing. Detailed filing data is available for this year.$15.2$11.4$3.75$15.2$13.6$1.52
2016Detailed filing. Detailed filing data is available for this year.$8.23$6.05$2.18$11.9$10.5$1.41
2015Detailed filing. Detailed filing data is available for this year.$6.69$5.93$0.76$8.23$7.66$0.57
2014Detailed filing. Detailed filing data is available for this year.$4.14$2.71$1.43$5.78$5.42$0.36
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.05$1.07$4.47
2012Summary only. Only limited summary data is available for this year.$0.67$0.01$0.66$3.21$2.94$0.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.01$0.38$2.54