Civic Intelligence

Ledyard Charter School of Lebanon

990 • Fiscal year 2023 • EIN 26-0376015

Jul 01, 2022 to Jun 30, 2023 • Filed on May 08, 2024

PO Box 327Lebanon, NH 03766

(603) 996-1799

Siviq Scores

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

Liabilities / Assets

91st percentile

0.81x

Higher debt load relative to assets than 91% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

90th percentile

1.39x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

46th percentile

2.1%

Higher net margin than 46% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

61st percentile

$85,437

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 9.9% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

30th percentile

-1.8%

Faster asset growth than 30% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

74th percentile

29%

Faster revenue growth than 74% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$1,462,574

Down $26,596 (-1.8%) from 2022

Net Assets

Up

$272,325

Up $18,295 (+7.2%) from 2022

Liabilities

Down

$1,190,249

Down $44,891 (-3.6%) from 2022

Revenue

Up

$859,128

Up $193,827 (+29%) from 2022

Expenses

Up

$840,833

Up $105,608 (+14%) from 2022

Net Income

Up

$18,295

Up $88,219 (+126%) from 2022

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $54,819Liabilities 2010: $11,284Net Assets 2010: $43,5352010Assets 2011: $37,439Liabilities 2011: $12,499Net Assets 2011: $24,9402011Assets 2022: $1,489,170Liabilities 2022: $1,235,140Net Assets 2022: $254,0302022Assets 2023: $1,462,574Liabilities 2023: $1,190,249Net Assets 2023: $272,3252023Assets 2024: $1,626,354Liabilities 2024: $1,190,538Net Assets 2024: $435,8162024

Highlighted filing

2023

Assets$1,462,574
Liabilities$1,190,249
Net Assets$272,325

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2010: $170,541Expenses 2010: $179,179Net Income 2010: -$8,6382010Revenue 2011: $191,177Expenses 2011: $209,772Net Income 2011: -$18,5952011Revenue 2022: $665,301Expenses 2022: $735,225Net Income 2022: -$69,9242022Revenue 2023: $859,128Expenses 2023: $840,833Net Income 2023: $18,2952023Revenue 2024: $1,016,042Expenses 2024: $852,551Net Income 2024: $163,4912024

Highlighted filing

2023

Revenue$859,128
Expenses$840,833
Net Income$18,295
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 8, 2024
Return Version
2022v5.0
Gross Receipts
$859,128
Mission and Program Overview

Mission

The mission of Ledyard Charter School is to prepare students for the world by actively engaging them in rigorous and relevant learning within a community of adult metnors. The School incorporates current and best practices and re-inspires reluctatn and disengaged learners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,419,297$1,407,152▼ $12,145
Savings and Temporary Cash Investments$62,833$55,382▼ $7,451
Pledges and Grants Receivable$7,000--
Cash and Non-Interest-Bearing Accounts$40$40→ $0
Total Assets$1,489,170$1,462,574▼ $26,596
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,203,978$1,153,139▼ $50,839
Accounts Payable and Accrued Expenses$31,162$37,110▲ $5,948
Total Liabilities$1,235,140$1,190,249▼ $44,891
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$254,030$272,325▲ $18,295
Total Net Assets Fund Balance$254,030$272,325▲ $18,295
Total Liabilities and Net Assets / Fund Balance$1,489,170$1,462,574▼ $26,596

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,358,395$88,708$1,447,103
Equipment$12,880$75,768$88,648
Leasehold Improvements$35,877$544$36,421
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Wendy KozakExecutive DirectorFT$85,437$85,437

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$858,741
Program Service Revenue
$0
Investment Income
$12
Other Revenue
$375
All Other Contributions
$68,120
Change in Net Assets
$18,295

Audited Revenue Reconciliation

Revenue per Audited Statements
$859,128
Total Revenue per Audited Statements
$859,128
Total Revenue per Form 990
$859,128
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$481,145
Other Expenses$359,688
Total Fundraising Expense$3,086
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$332,505--$332,505
Occupancy$87,333--$87,333
Current Officers, Directors, Trustees, and Key Employees$75,421--$75,421
Fees for Services Accounting-$51,942-$51,942
Depreciation Depletion-$42,716-$42,716
Other Employee Benefits$38,423--$38,423
Payroll Taxes$34,796--$34,796
Fees for Services Other-$30,130-$30,130
Interest-$9,187-$9,187
Office Expenses-$8,928-$8,928
Fees for Services Management$5,640--$5,640
Fees for Services Legal-$4,326-$4,326
Other Expenses$4,074$5,649-$4,074
All Other Expenses$1,413$2,332-$3,745
Advertising--$3,086$3,086
Conferences and Meetings-$2,344-$2,344
Travel-$2,136-$2,136
Insurance$1,521--$1,521
Total Functional Expenses$678,057$159,690$3,086$840,833

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$840,833
Total Expenses per Audited Statements$840,833
Total Expenses per Form 990$840,833
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
Federal income taxes-
SBA Payroll Protection Program Loan-
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 35% controlled entity
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, Section B, Line 11B

The schedule 990 is distributed amongst the board for final approval prior to filing.

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

The organization maintains a conflict of interst and ethics policy as part of their by laws. Additionally the organization requires all key employees and board members to sign an annual ethics commitment and disclose from. These documents are maintained for future review.

Form 990, Part VI, Section B, Line 15B

All compensation for officers and key employees is determined and reviewed by the board during annual budget planning meetings and executive sessions.

Form 990, Part VI, Section C, Line 19

The organizations governing documents, conflict of interest policy, and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
Ledyard Charter School
EIN
26-0376015
Phone
6039961799
Address
PO BOX 327, LEBANON, NH 03766

Signing Officer

Name
Ben Beisswenger
Title
Treasurer
Phone
6039961799
Signed
2024-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ben Beisswenger
Formed
2007
Legal Domicile
Nh
Voting Board Members
11
Independent Board Members
11
Employees
10
Volunteers
11

Preparer

Firm
Rowley & Associates PC
Address
46 N State Street, Concord, NH 03301
Preparer
Eric Rowley CPA
Phone
6032285400
Supplemental Narrative

Financial Statement Notes

X 2

The School has been notified by the Internal Revenue Service that it is exempt from federal income tax under Section 501c 3 of the Internal Revenue Code. The School is further classified as an organization that is not a private foundation under Section 509a3 of the Code. The most significant tax positions of the School are its assertion that it is exempt from income taxes and its determination of whether any amounts are subject to unrelated business tax UBIT. The School follows guidance of Accounting Standards Codification ASC 740, Accounting for Income Taxes, related to uncertain income taxes, which prescribes a threshold of more likely than not for recognition of tax positions taken or expected to be taken in a tax return. All significant tax positions have been considered by management. It has been determined that it is more likely than not that all tax positions would be sustained upon examination by taxing authorities. Accordingly, no provision for income taxes has been recorded.

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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0664974
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt010
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0273937
IRS990/PYProgramServiceRevenueAmt0317
IRS990/PYRevenuesLessExpensesAmt0-69924
IRS990/PYSalariesCompEmpBnftPaidAmt0461288
IRS990/PYTotalExpensesAmt0735225
IRS990/PYTotalRevenueAmt0665301
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt018295
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt062833
IRS990/SavingsAndTempCashInvstGrp/EOYAmt055382
IRS990ScheduleA/SchoolInd0X
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
IRS990ScheduleD/BuildingsGrp/BookValueAmt01358395
IRS990ScheduleD/BuildingsGrp/DepreciationAmt088708
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01447103
IRS990ScheduleD/EquipmentGrp/BookValueAmt012880
IRS990ScheduleD/EquipmentGrp/DepreciationAmt075768
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt088648
IRS990ScheduleD/ExpensesSubtotalAmt0840833
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt035877
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0544
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt036421
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SBA Payroll Protection Program Loan
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0859128
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The School has been notified by the Internal Revenue Service that it is exempt from federal income tax under Section 501c 3 of the Internal Revenue Code. The School is further classified as an organization that is not a private foundation under Section 509a3 of the Code. The most significant tax positions of the School are its assertion that it is exempt from income taxes and its determination of whether any amounts are subject to unrelated business tax UBIT. The School follows guidance of Accounting Standards Codification ASC 740, Accounting for Income Taxes, related to uncertain income taxes, which prescribes a threshold of more likely than not for recognition of tax positions taken or expected to be taken in a tax return. All significant tax positions have been considered by management. It has been determined that it is more likely than not that all tax positions would be sustained upon examination by taxing authorities. Accordingly, no provision for income taxes has been recorded.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0X 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01407152
IRS990ScheduleD/TotalExpensesPerForm990Amt0840833
IRS990ScheduleD/TotalRevenuePerForm990Amt0859128
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0859128
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0840833
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The schedule 990 is distributed amongst the board for final approval prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization maintains a conflict of interst and ethics policy as part of their by laws. Additionally the organization requires all key employees and board members to sign an annual ethics commitment and disclose from. These documents are maintained for future review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All compensation for officers and key employees is determined and reviewed by the board during annual budget planning meetings and executive sessions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organizations governing documents, conflict of interest policy, and financial statements are made available upon request.
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 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NH
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01489170
IRS990/TotalAssetsEOYAmt01462574
IRS990/TotalAssetsGrp/BOYAmt01489170
IRS990/TotalAssetsGrp/EOYAmt01462574
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0858741
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03086
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0159690
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0678057
IRS990/TotalFunctionalExpensesGrp/TotalAmt0840833
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01235140
IRS990/TotalLiabilitiesEOYAmt01190249
IRS990/TotalLiabilitiesGrp/BOYAmt01235140
IRS990/TotalLiabilitiesGrp/EOYAmt01190249
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0254030
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0272325
IRS990/TotalProgramServiceExpensesAmt0678057
IRS990/TotalReportableCompFromOrgAmt085437
IRS990/TotalRevenueGrp/ExclusionAmt012
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0375
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0859128
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01489170
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01462574
IRS990/TravelGrp/ManagementAndGeneralAmt02136
IRS990/TravelGrp/TotalAmt02136
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0PO Box 327
IRS990/USAddress/CityNm0Lebanon

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