Civic Intelligence

Centre Learning Commnunity Charter School

990 • Fiscal year 2017 • EIN 25-1810507

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 10, 2017

2643 West College AveState College, PA 16801

(814) 861-7980

Siviq Scores

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

Liabilities / Assets

98th percentile

2.24x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

90th percentile

1.84x

Higher debt load relative to revenue than 90% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

22nd percentile

-9.0%

Higher net margin than 22% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

54th percentile

$71,415

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

53rd percentile

4.1%

Faster asset growth than 53% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

39th percentile

0.4%

Faster revenue growth than 39% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,262,425

Up $50,189 (+4.1%) from 2016

Net Assets

Down

-$1,562,535

Down $137,488 (-9.6%) from 2016

Liabilities

Up

$2,824,960

Up $187,677 (+7.1%) from 2016

Revenue

Up

$1,535,098

Up $6,374 (+0.4%) from 2016

Expenses

Up

$1,672,586

Up $76,311 (+4.8%) from 2016

Net Income

Down

-$137,488

Down $69,937 (-104%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2010: $1,400,577Liabilities 2010: $827,171Net Assets 2010: $573,4062010Assets 2011: $1,365,592Liabilities 2011: $774,321Net Assets 2011: $591,2712011Assets 2012: $1,242,654Liabilities 2012: $552,288Net Assets 2012: $690,3662012Assets 2013: $1,475,229Liabilities 2013: $615,260Net Assets 2013: $859,9692013Assets 2014: $1,502,614Liabilities 2014: $581,742Net Assets 2014: $920,8722014Assets 2015: $1,320,722Liabilities 2015: $2,587,902Net Assets 2015: -$1,267,1802015Assets 2016: $1,212,236Liabilities 2016: $2,637,283Net Assets 2016: -$1,425,0472016Assets 2017: $1,262,425Liabilities 2017: $2,824,960Net Assets 2017: -$1,562,5352017Assets 2018: $1,298,242Liabilities 2018: $3,008,119Net Assets 2018: -$1,709,8772018Assets 2019: $1,283,003Liabilities 2019: $3,045,023Net Assets 2019: -$1,762,0202019Assets 2020: $1,291,454Liabilities 2020: $3,084,397Net Assets 2020: -$1,792,9432020Assets 2021: $1,260,311Liabilities 2021: $3,003,452Net Assets 2021: -$1,743,1412021Assets 2022: $1,369,020Liabilities 2022: $2,860,757Net Assets 2022: -$1,491,7372022Assets 2023: $1,283,178Liabilities 2023: $2,548,966Net Assets 2023: -$1,265,7882023Assets 2024: $1,202,584Liabilities 2024: $2,365,849Net Assets 2024: -$1,163,2652024

Highlighted filing

2017

Assets$1,262,425
Liabilities$2,824,960
Net Assets-$1,562,535

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,212,7282010Expenses 2011: $1,258,7282011Expenses 2012: $1,240,5632012Expenses 2013: $1,281,4492013Revenue 2014: $1,532,451Expenses 2014: $1,471,548Net Income 2014: $60,9032014Revenue 2015: $1,393,981Expenses 2015: $1,464,579Net Income 2015: -$70,5982015Revenue 2016: $1,528,724Expenses 2016: $1,596,275Net Income 2016: -$67,5512016Revenue 2017: $1,535,098Expenses 2017: $1,672,586Net Income 2017: -$137,4882017Revenue 2018: $1,626,030Expenses 2018: $1,648,372Net Income 2018: -$22,3422018Revenue 2019: $1,612,632Expenses 2019: $1,664,775Net Income 2019: -$52,1432019Revenue 2020: $1,540,416Expenses 2020: $1,571,339Net Income 2020: -$30,9232020Revenue 2021: $1,440,328Expenses 2021: $1,390,526Net Income 2021: $49,8022021Revenue 2022: $1,630,766Expenses 2022: $1,379,362Net Income 2022: $251,4042022Revenue 2023: $1,793,680Expenses 2023: $1,567,731Net Income 2023: $225,9492023Revenue 2024: $1,606,612Expenses 2024: $1,504,089Net Income 2024: $102,5232024

Highlighted filing

2017

Revenue$1,535,098
Expenses$1,672,586
Net Income-$137,488
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 10, 2017
Return Version
2016v3.0
Gross Receipts
$1,535,098
Mission and Program Overview

Mission

To create a powerful, safe, secure, active, project-based, learning environment in which students develop the necessary knowledge, skills, and attributes to lead a fulfilled and successful life.

SEE PART III, #1

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$854,627$872,178▲ $17,551
Cash and Non-Interest-Bearing Accounts$349,093$359,589▲ $10,496
Accounts Receivable$5,568$26,626▲ $21,058
Prepaid Expenses and Deferred Charges$2,948$4,032▲ $1,084
Total Assets$1,212,236$1,262,425▲ $50,189
Liabilities
Other Liabilities$2,207,770$2,321,172▲ $113,402
Mortgage Notes Payable Secured by Investment Property$376,387$437,129▲ $60,742
Accounts Payable and Accrued Expenses$53,126$66,659▲ $13,533
Total Liabilities$2,637,283$2,824,960▲ $187,677
Net Assets / Fund Balance
Unrestricted Net Assets$-1,425,047$-1,562,535▼ $137,488
Total Net Assets Fund Balance$-1,425,047$-1,562,535▼ $137,488
Total Liabilities and Net Assets / Fund Balance$1,212,236$1,262,425▲ $50,189

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$624,849$434,215$1,059,064
Equipment$27,329$464,003$491,332
Land$220,000-$220,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kosta DussiasCEOFT$71,415$71,415

Board Members and Trustees

NameTitle
Jerre PricePresident
Kelly KennedyVice President
Lisa WilliamsCommunity Representative
Weston LazenbyCommunity Representative
Megan MahaffyFamily Representative
Cathy SwarmSecretary
Mark TociStaff Representative
Andrea KennedyStudent Representative
Dorothy RumbelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$32,818
Program Service Revenue
$1,501,886
Investment Income
$394
Other Revenue
$0
Change in Net Assets
$-137,488

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,535,098
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,535,098
Total Revenue per Form 990
$1,535,098
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,314,410
Other Expenses$358,176
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$678,161$38,167-$716,328
Pension Plan Contributions$343,230--$343,230
Other Employee Benefits$98,491$17,182-$115,673
Office Expenses$35,330$72,133-$107,463
Other Expenses$40,178$37,908-$78,086
Current Officers, Directors, Trustees, and Key Employees-$71,415-$71,415
Payroll Taxes$58,536$9,228-$67,764
Depreciation Depletion-$34,617-$34,617
Interest$624$19,475-$20,099
Insurance$2,948$10,032-$12,980
Travel$7,768$296-$8,064
Advertising-$663-$663
Total Functional Expenses$1,318,291$354,295$0$1,672,586

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,672,586
Total Expenses per Audited Statements$1,672,586
Total Expenses per Form 990$1,672,586
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Net Pension Liability$2,321,172
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Part VI, Section B, line 11B

Board reviews 990 before it is filed.

Form 990, Part VI, Section B, line 12C

Compliance monitored and enforced through annual disclosures.

Form 990, Part VI, Section B, line 15A

The board of directors deliberates the ceo's salary and reviews annually.

Form 990, Part VI, Section C, line 19

Information available upon request.

Filing and Contact Details

Filer

Filer Name
Centre Learning Community Charter School
EIN
25-1810507
Phone
8148617980
Address
2643 WEST COLLEGE AVE, STATE COLLEGE, PA 16801

Signing Officer

Name
kOSTA DUSSIAS
Title
Business manager
Phone
8148617980
Signed
2017-10-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kosta Dussias
Formed
1998
Legal Domicile
Pa
Voting Board Members
9
Independent Board Members
9
Employees
30
Volunteers
8

Preparer

Firm
Baker Tilly Virchow Krause LLP
Address
1423 N Atherton Street, State College, PA 16803
Preparer
Rick Bair CPA
Phone
8142067500
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

Process has not changed from prior years.

Financial Statement Notes

Part XII, Line 2D - Other Adjustments:

Change in pension liab and deferred outflows and inflows related to pension

Raw XML AppendixShowing 400 of 418 raw XML fields

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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IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0680
IRS990/PYOtherExpensesAmt0406568
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01502726
IRS990/PYRevenuesLessExpensesAmt0-67551
IRS990/PYSalariesCompEmpBnftPaidAmt01189707
IRS990/PYTotalExpensesAmt01596275
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01528724
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-137488
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01501886
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0624849
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0434215
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01059064
IRS990ScheduleD/EquipmentGrp/BookValueAmt027329
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0464003
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0491332
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01672586
IRS990ScheduleD/LandGrp/BookValueAmt0220000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0220000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02321172
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01535098
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CHANGE IN PENSION LIAB AND DEFERRED OUTFLOWS AND INFLOWS RELATED TO PENSION
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0872178
IRS990ScheduleD/TotalExpensesPerForm990Amt01672586
IRS990ScheduleD/TotalLiabilityAmt02321172
IRS990ScheduleD/TotalRevenuePerForm990Amt01535098
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01535098
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01672586
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The organization receives governmental aid to operate as a charter school.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board reviews 990 before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPLIANCE MONITORED AND ENFORCED THROUGH ANNUAL DISCLOSURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS DELIBERATES THE CEO'S SALARY AND REVIEWS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Information available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROCESS HAS NOT CHANGED FROM PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01212236
IRS990/TotalAssetsEOYAmt01262425
IRS990/TotalAssetsGrp/BOYAmt01212236
IRS990/TotalAssetsGrp/EOYAmt01262425
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt032818
IRS990/TotalEmployeeCnt030
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0354295
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01318291
IRS990/TotalFunctionalExpensesGrp/TotalAmt01672586
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02637283
IRS990/TotalLiabilitiesEOYAmt02824960
IRS990/TotalLiabilitiesGrp/BOYAmt02637283
IRS990/TotalLiabilitiesGrp/EOYAmt02824960
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1425047
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1562535
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01318291
IRS990/TotalProgramServiceRevenueAmt01501886
IRS990/TotalReportableCompFromOrgAmt071415
IRS990/TotalRevenueGrp/ExclusionAmt0394
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01501886
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01535098
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01212236
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01262425
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0296
IRS990/TravelGrp/ProgramServicesAmt07768
IRS990/TravelGrp/TotalAmt08064
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1425047
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1562535
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02643 WEST COLLEGE AVE
IRS990/USAddress/CityNm0STATE COLLEGE
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd016803
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.clcharter.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0kOSTA DUSSIAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Business manager
ReturnHeader/BusinessOfficerGrp/PhoneNum08148617980
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CENTRE LEARNING COMMUNITY CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0CENT
ReturnHeader/Filer/EIN0251810507
ReturnHeader/Filer/PhoneNum08148617980
ReturnHeader/Filer/USAddress/AddressLine1Txt02643 WEST COLLEGE AVE
ReturnHeader/Filer/USAddress/CityNm0STATE COLLEGE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd016801
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0FAF4769C8A0DCA6C91ED719D65B2845A5EA847DA
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.20$2.37$1.16$1.61$1.50$0.10
2023Detailed filing. Detailed filing data is available for this year.$1.28$2.55$1.27$1.79$1.57$0.23
2022Detailed filing. Detailed filing data is available for this year.$1.37$2.86$1.49$1.63$1.38$0.25
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$3.00$1.74$1.44$1.39$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.29$3.08$1.79$1.54$1.57$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.28$3.05$1.76$1.61$1.66$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.30$3.01$1.71$1.63$1.65$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.26$2.82$1.56$1.54$1.67$0.14
2016Detailed filing. Detailed filing data is available for this year.$1.21$2.64$1.43$1.53$1.60$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.32$2.59$1.27$1.39$1.46$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.50$0.58$0.92$1.53$1.47$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.62$0.86$1.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$0.55$0.69$1.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.37$0.77$0.59$1.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.40$0.83$0.57$1.21