Civic Intelligence

Wheatstone Academy Inc

990 • Fiscal year 2016 • EIN 20-4970676

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

140 E Commonwealth Ave Ste 102Fullerton, CA 92832

(866) 960-1027

Siviq Scores

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

Liabilities / Assets

98th percentile

3.48x

Higher debt load relative to assets than 98% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

89th percentile

0.28x

Higher debt load relative to revenue than 89% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

21st percentile

-13%

Higher net margin than 21% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

93rd percentile

$54,000

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 17.5% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

98th percentile

801%

Faster asset growth than 98% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

35th percentile

-9.0%

Faster revenue growth than 35% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$24,956

Up $22,185 (+801%) from 2015

Net Assets

Down

-$61,780

Down $38,957 (-171%) from 2015

Liabilities

Up

$86,736

Up $61,142 (+239%) from 2015

Revenue

Down

$308,387

Down $30,418 (-9.0%) from 2015

Expenses

Up

$347,344

Up $10,110 (+3.0%) from 2015

Net Income

Down

-$38,957

Down $40,528 (-2580%) from 2015

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50K-$100KAssets 2010: $8,281Liabilities 2010: $61,043Net Assets 2010: -$52,7622010Assets 2011: $27,309Liabilities 2011: $30,839Net Assets 2011: -$3,5302011Assets 2012: $28,400Liabilities 2012: $7,656Net Assets 2012: $20,7442012Assets 2013: $18,274Liabilities 2013: $10,388Net Assets 2013: $7,8862013Assets 2014: $330Liabilities 2014: $24,724Net Assets 2014: -$24,3942014Assets 2015: $2,771Liabilities 2015: $25,594Net Assets 2015: -$22,8232015Assets 2016: $24,956Liabilities 2016: $86,736Net Assets 2016: -$61,7802016Assets 2017: $37,022Liabilities 2017: $8,057Net Assets 2017: $28,9652017Assets 2018: $36,495Liabilities 2018: $7,148Net Assets 2018: $29,3472018Assets 2019: $20,644Liabilities 2019: $6,214Net Assets 2019: $14,4302019Assets 2020: $22,823Liabilities 2020: $0Net Assets 2020: $22,8232020Assets 2021: $10,875Liabilities 2021: $0Net Assets 2021: $10,8752021Assets 2022: $10,447Liabilities 2022: $0Net Assets 2022: $10,4472022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2016

Assets$24,956
Liabilities$86,736
Net Assets-$61,780

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $436,4582010Expenses 2011: $287,3782011Expenses 2012: $291,8272012Revenue 2013: $216,886Expenses 2013: $229,744Net Income 2013: -$12,8582013Revenue 2014: $289,049Expenses 2014: $321,329Net Income 2014: -$32,2802014Revenue 2015: $338,805Expenses 2015: $337,234Net Income 2015: $1,5712015Revenue 2016: $308,387Expenses 2016: $347,344Net Income 2016: -$38,9572016Revenue 2017: $278,066Expenses 2017: $187,321Net Income 2017: $90,7452017Revenue 2018: $259,530Expenses 2018: $259,148Net Income 2018: $3822018Revenue 2019: $267,060Expenses 2019: $281,977Net Income 2019: -$14,9172019Revenue 2020: $231,325Expenses 2020: $222,932Net Income 2020: $8,3932020Revenue 2021: $360Expenses 2021: $12,308Net Income 2021: -$11,9482021Revenue 2022: $3,215Expenses 2022: $3,643Net Income 2022: -$4282022Revenue 2023: $20Expenses 2023: $4,692Net Income 2023: -$4,6722023

Highlighted filing

2016

Revenue$308,387
Expenses$347,344
Net Income-$38,957
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$308,387
Mission and Program Overview

Mission

Inviting youth into Christian adulthood. Our core values are discussion, exploration, holiness, community, creativity, and prayer.

To invite youth into Christian adulthood. Working with school and church leaders to help students transition into a mature faith before they leave their home communities. We host annual conferences, training events, retreats and produce content for wide distribution.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,771$24,956▲ $22,185
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Rtn Earn Endowment Incm Other Fnds$-22,823$-61,780▼ $38,957
Total Assets$2,771$24,956▲ $22,185
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$25,594$86,736▲ $61,142
Total Liabilities$25,594$86,736▲ $61,142
Net Assets / Fund Balance
Total Net Assets Fund Balance$-22,823$-61,780▼ $38,957
Total Liabilities and Net Assets / Fund Balance$2,771$24,956▲ $22,185
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Peter GrossExec Dir/SectFT$54,000$54,000

Board Members and Trustees

NameTitle
Mike KileyPresident
John SiefkerVice President
Craig BrysonDirector
Tom DobynsDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$234,057
Program Service Revenue
$74,330
Investment Income
$0
Other Revenue
$0
All Other Contributions
$234,057
Change in Net Assets
$-38,957
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$196,268
Other Expenses$151,076
Total Fundraising Expense$34,730
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$83,940$27,157$12,344$123,441
Current Officers, Directors, Trustees, and Key Employees$36,720$11,880$5,400$54,000
Conferences and Meetings$24,509$7,930$3,604$36,043
Insurance$16,990$5,497$2,498$24,985
Occupancy$15,372$4,973$2,261$22,606
Payroll Taxes$12,802$4,142$1,883$18,827
Travel$6,922$2,239$1,018$10,179
All Other Expenses$6,610$2,139$970$9,719
Other Expenses$3,397$1,099$499$4,995
Office Expenses$3,316$1,073$487$4,876
Fees for Services Accounting$1,702$551$250$2,503
Advertising$904$292$133$1,329
Fees for Services Other$784$254$115$1,153
Total Functional Expenses$236,196$76,418$34,730$347,344
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

A draft copy of the Form 990 is provided to all members of the board of directors for review prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The conflict of interest policy has been distributed to officers, directors, trustees, and key employees who have signed their agreement to abide by the conflict of interest policy. If any potential conflict arises, the issue is brought before the board as outlined in the policy.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Salaries are approved by the board of directors as a part of the annual budget review and approval and are adjusted annually for cost-of-living expenses.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Salaries are approved by the board of directors as a part of the annual budget review and approval and are adjusted annually for cost-of-living expenses.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents, policies and financial statements are available for review at the organization's offices.

Filing and Contact Details

Filer

Filer Name
Wheatstone Academy Inc
EIN
20-4970676
Phone
8669601027
Address
140 E Commonwealth Ave Ste 102, Fullerton, CA 92832

Signing Officer

Name
Peter Gross
Title
Executive Director
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
2006
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
32
Volunteers
10

Preparer

Firm
Miller Giangrande LLP
Address
915 W Imperial Hwy Ste 110, Brea, CA 92821-3815
Preparer
Michael B Becher
Phone
7144942200
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IRS990/PYTotalExpensesAmt0337234
IRS990/PYTotalRevenueAmt0338805
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-38957
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-22823
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-61780
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0330141608
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0false
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd09
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Priority Living Inc
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A draft copy of the Form 990 is provided to all members of the board of directors for review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The conflict of interest policy has been distributed to officers, directors, trustees, and key employees who have signed their agreement to abide by the conflict of interest policy. If any potential conflict arises, the issue is brought before the board as outlined in the policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Salaries are approved by the board of directors as a part of the annual budget review and approval and are adjusted annually for cost-of-living expenses.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Salaries are approved by the board of directors as a part of the annual budget review and approval and are adjusted annually for cost-of-living expenses.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents, policies and financial statements are available for review at the organization's offices.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Priority Living Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0330141608
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Assist new ministries during their incubation period
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0509(a)(1)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt04500 Campus Drive Suite 550
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Newport Beach
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd092660
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02771
IRS990/TotalAssetsEOYAmt024956
IRS990/TotalAssetsGrp/BOYAmt02771
IRS990/TotalAssetsGrp/EOYAmt024956
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0234057
IRS990/TotalEmployeeCnt032
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt034730
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt076418
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0236196
IRS990/TotalFunctionalExpensesGrp/TotalAmt0347344
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt025594
IRS990/TotalLiabilitiesEOYAmt086736
IRS990/TotalLiabilitiesGrp/BOYAmt025594
IRS990/TotalLiabilitiesGrp/EOYAmt086736

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.05$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.03$0.04$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.00$0.12$0.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.23$0.00$0.23$2.31$2.23$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.06$0.14$2.67$2.82$0.15
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.36$0.07$0.29$2.60$2.59$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.37$0.08$0.29$2.78$1.87$0.91
2016Detailed filing. Detailed filing data is available for this year.$0.25$0.87$0.62$3.08$3.47$0.39
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.03$0.26$0.23$3.39$3.37$0.02
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.25$0.24$2.89$3.21$0.32
2013Detailed filing. Detailed filing data is available for this year.$0.18$0.10$0.08$2.17$2.30$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.08$0.21$2.92
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.31$0.04$2.87
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.08$0.61$0.53$4.36