Civic Intelligence

Infinity Charter School

990 • Fiscal year 2016 • EIN 23-3100497

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 28, 2016

51 Banks Street Suite OnePenbrook, PA 17103

(717) 238-1880

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.07x

Higher debt load relative to assets than 93% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

88th percentile

1.41x

Higher debt load relative to revenue than 88% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

72nd percentile

12%

Higher net margin than 72% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Assets

$2,195,249

No earlier filing loaded for comparison.

Net Assets

-$143,494

No earlier filing loaded for comparison.

Liabilities

$2,338,743

No earlier filing loaded for comparison.

Revenue

$1,653,427

No earlier filing loaded for comparison.

Expenses

$1,447,659

No earlier filing loaded for comparison.

Net Income

$205,768

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.

$15M$10M$5.0M$0-$5.0MAssets 2016: $2,195,249Liabilities 2016: $2,338,743Net Assets 2016: -$143,4942016Assets 2017: $5,839,407Liabilities 2017: $5,707,616Net Assets 2017: $131,7912017Assets 2018: $7,330,877Liabilities 2018: $6,801,268Net Assets 2018: $529,6092018Assets 2019: $7,724,275Liabilities 2019: $6,571,722Net Assets 2019: $1,152,5532019Assets 2020: $8,053,418Liabilities 2020: $6,317,442Net Assets 2020: $1,735,9762020Assets 2021: $8,437,457Liabilities 2021: $6,142,402Net Assets 2021: $2,295,0552021Assets 2022: $9,475,233Liabilities 2022: $6,702,273Net Assets 2022: $2,772,9602022Assets 2023: $10,949,387Liabilities 2023: $7,964,043Net Assets 2023: $2,985,3442023Assets 2024: $10,724,586Liabilities 2024: $7,636,473Net Assets 2024: $3,088,1132024Assets 2025: $10,761,603Liabilities 2025: $7,394,016Net Assets 2025: $3,367,5872025

Highlighted filing

2016

Assets$2,195,249
Liabilities$2,338,743
Net Assets-$143,494

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2016: $1,653,427Expenses 2016: $1,447,659Net Income 2016: $205,7682016Revenue 2017: $1,869,736Expenses 2017: $1,594,451Net Income 2017: $275,2852017Revenue 2018: $2,481,233Expenses 2018: $1,994,415Net Income 2018: $486,8182018Revenue 2019: $2,881,369Expenses 2019: $2,258,425Net Income 2019: $622,9442019Revenue 2020: $3,153,549Expenses 2020: $2,570,126Net Income 2020: $583,4232020Revenue 2021: $3,265,523Expenses 2021: $2,706,444Net Income 2021: $559,0792021Revenue 2022: $3,331,797Expenses 2022: $2,853,892Net Income 2022: $477,9052022Revenue 2023: $3,398,918Expenses 2023: $3,186,534Net Income 2023: $212,3842023Revenue 2024: $3,323,112Expenses 2024: $3,220,343Net Income 2024: $102,7692024Revenue 2025: $3,621,810Expenses 2025: $3,348,030Net Income 2025: $273,7802025

Highlighted filing

2016

Revenue$1,653,427
Expenses$1,447,659
Net Income$205,768
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 28, 2016
Return Version
2015v2.1
Gross Receipts
$1,653,427
Mission and Program Overview

Mission

The organization's purpose is to create, operate and maintain a charter school in the central dauphin school district and address the intellecutal, academic and socio-emotional needs of gifted students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$792,092$943,432▲ $151,340
Land, Buildings, and Equipment, Net$629,275$900,832▲ $271,557
Pd in Cap Srpls Land Bldg Eqp Fund$612,601$887,226▲ $274,625
Prepaid Expenses and Deferred Charges$147,715$277,000▲ $129,285
Accounts Receivable$138,225$73,779▼ $64,446
Cash and Non-Interest-Bearing Accounts$206$206→ $0
Cap Stk Tr Prin Current Funds$-961,863$-1,030,720▼ $68,857
Total Assets$1,707,513$2,195,249▲ $487,736
Liabilities
Other Liabilities$1,917,418$2,095,273▲ $177,855
Accounts Payable and Accrued Expenses$139,357$243,470▲ $104,113
Total Liabilities$2,056,775$2,338,743▲ $281,968
Net Assets / Fund Balance
Total Net Assets Fund Balance$-349,262$-143,494▲ $205,768
Total Liabilities and Net Assets / Fund Balance$1,707,513$2,195,249▲ $487,736

Asset Categories

AssetBook ValueDepreciationBasis
Land$884,982-$884,982
Equipment$15,850$40,308$56,158
Other Land Buildings-$17,550$17,550
Leasehold Improvements-$12,250$12,250
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Suzanne GausmanExecutive DiFT$71,051$31,803$102,854
Shelly FredericksBusiness ManPT$32,774$7,815$40,589

Board Members and Trustees

NameTitle
Michelle ColemanPresident
Alexis SchrockAssociate Me
Brian LaformeAssociate Me
Michelle HaringParent Rep
Joseph P SchellSecretary
Matthew BlaylockTreasurer
William BeaverVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$9,141
Program Service Revenue
$1,642,519
Investment Income
$1,767
Other Revenue
$0
All Other Contributions
$9,141
Change in Net Assets
$205,768

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,653,427
Total Revenue per Audited Statements
$1,653,427
Total Revenue per Form 990
$1,653,427
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,127,909
Other Expenses$319,000
Professional Fundraising Fees$750
Total Fundraising Expense$750
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$597,036$5,419-$602,455
Pension Plan Contributions$170,003$32,814-$202,817
Current Officers, Directors, Trustees, and Key Employees$44,409$81,622-$126,031
Other Employee Benefits$109,141$10,244-$119,385
Occupancy$78,328$19,639-$97,967
Payroll Taxes$70,406$6,815-$77,221
Office Expenses$54,471$6,851-$61,322
Fees for Services Accounting$15,412$36,831-$52,243
Fees for Services Other$45,678$551-$46,229
Insurance$3,990$19,013-$23,003
Information Technology$4,819$4,273-$9,092
Fees for Services Legal$5,490$1,373-$6,863
Depreciation Depletion$2,011$3,335-$5,346
Advertising-$1,522-$1,522
Fees for Services Professional Fundraising--$750$750
Interest-$693-$693
Other Expenses$210$2,878-$210
Total Functional Expenses$1,211,571$235,338$750$1,447,659

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,447,659
Total Expenses per Audited Statements$1,447,659
Total Expenses per Form 990$1,447,659
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$750
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$1,906,000
Other Postemployment Benefits$163,667
Capital Lease Obligation$13,606
Deferred Inflow of Resources-pension$12,000
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
No

Governance Explanations

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

The board receives the 990 once it is completed and then the secretary of the board will sign it before it is mailed in.

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

The school requires its board members to complete a conflict of interest form, as well as a state ethics committee form, and the school keeps them on file.

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

The director's salary was initially established through comparability data and was approved by the board. The director's and each employees salary is approved annually by the board.

Form 990, Page 6, Part VI, Line 19

The school's governing documents, financial statements and tax returns are available upon request.

Filing and Contact Details

Filer

Filer Name
Infinity Charter School
EIN
23-3100497
Phone
7172381880
Address
51 BANKS STREET SUITE ONE, PENBROOK, PA 17103

Signing Officer

Name
Suzanne Gausman
Title
Executive Director
Phone
7172381880
Signed
2016-11-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Suzanne Gausman
Formed
2001
Legal Domicile
Pa
Voting Board Members
6
Independent Board Members
6
Employees
30
Volunteers
111

Preparer

Firm
Brown Schultz Sheridan & Fritz
Address
210 GRANDVIEW AVE, CAMP HILL, PA 17011-1706
Preparer
John W Bonawitz
Phone
7177617171
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IRS990/PensionPlanContributionsGrp/TotalAmt0202817
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0147715
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0277000
IRS990/PrincipalOfficerNm0SUZANNE GAUSMAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/BusinessCd3611600
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1FEDERAL PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2STATE SUBSIDIES
IRS990/ProgramServiceRevenueGrp/Desc3IDEA PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/Desc4MISCELLANEOUS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01605065
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt115808
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt211858
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt38010
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt41778
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01605065
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt115808
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt211858
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt38010
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt41778
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0570
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01215
IRS990/PYOtherExpensesAmt0295710
IRS990/PYProgramServiceRevenueAmt01503212
IRS990/PYRevenuesLessExpensesAmt0147106
IRS990/PYSalariesCompEmpBnftPaidAmt01062181
IRS990/PYTotalExpensesAmt01357891
IRS990/PYTotalRevenueAmt01504997
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0205768
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01642519
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0792092
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0943432
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt015850
IRS990ScheduleD/EquipmentGrp/DepreciationAmt040308
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt056158
IRS990ScheduleD/ExpensesSubtotalAmt01447659
IRS990ScheduleD/LandGrp/BookValueAmt0884982
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0884982
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt012250
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt012250
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt017550
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt017550
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01906000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1163667
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt213606
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt312000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER POSTEMPLOYMENT BENEFITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CAPITAL LEASE OBLIGATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DEFERRED INFLOW OF RESOURCES-PENSION
IRS990ScheduleD/RevenueSubtotalAmt01653427
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0900832
IRS990ScheduleD/TotalExpensesPerForm990Amt01447659
IRS990ScheduleD/TotalLiabilityAmt02095273
IRS990ScheduleD/TotalRevenuePerForm990Amt01653427
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01653427
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01447659
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/ExplanationTxt0INFINITY CHARTER SCHOOL DOES NOT SOLICIT STUDENTS. FAMILIES WHO WISH TO ENROLL THEIR CHILDREN AT INFINITY MUST COMPLETE ENROLLMENT FORMS, AND ATTEND A PARENT INFORMATION MEETING TO BE ELIGIBLE FOR THE LOTTERY. THE HOME LANGUAGE SURVEY, WHICH IS PART OF THE ENROLLMENT PACKET, INCLUDES THE SCHOOL'S NONDISCRIMATION POLICY.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1INFINITY CHARTER SCHOOL RECEIVES AID FROM THE GOVERNMENT OF THE COMMONWEALTH OF PENNSYLVANIA WHICH INCLUDES FUNDS PASSED THROUGH FROM THE FEDERAL GOVERNMENT.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD RECEIVES THE 990 ONCE IT IS COMPLETED AND THEN THE SECRETARY OF THE BOARD WILL SIGN IT BEFORE IT IS MAILED IN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL REQUIRES ITS BOARD MEMBERS TO COMPLETE A CONFLICT OF INTEREST FORM, AS WELL AS A STATE ETHICS COMMITTEE FORM, AND THE SCHOOL KEEPS THEM ON FILE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DIRECTOR'S SALARY WAS INITIALLY ESTABLISHED THROUGH COMPARABILITY DATA AND WAS APPROVED BY THE BOARD. THE DIRECTOR'S AND EACH EMPLOYEES SALARY IS APPROVED ANNUALLY BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SCHOOL'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND TAX RETURNS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01707513
IRS990/TotalAssetsEOYAmt02195249
IRS990/TotalAssetsGrp/BOYAmt01707513
IRS990/TotalAssetsGrp/EOYAmt02195249
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt09141
IRS990/TotalEmployeeCnt030
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0750
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0235338
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01211571
IRS990/TotalFunctionalExpensesGrp/TotalAmt01447659
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02056775
IRS990/TotalLiabilitiesEOYAmt02338743
IRS990/TotalLiabilitiesGrp/BOYAmt02056775
IRS990/TotalLiabilitiesGrp/EOYAmt02338743
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-349262
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-143494
IRS990/TotalOtherCompensationAmt039618
IRS990/TotalProgramServiceExpensesAmt01211571
IRS990/TotalProgramServiceRevenueAmt01642519
IRS990/TotalReportableCompFromOrgAmt0103825
IRS990/TotalRevenueGrp/ExclusionAmt01767
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01642519
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01653427
IRS990/TotalVolunteersCnt0111
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01707513
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02195249
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt051 BANKS STREET
IRS990/USAddress/CityNm0PENBROOK
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd017103
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.INFINITYSCHOOL.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SUZANNE GAUSMAN

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