Civic Intelligence

Portable Practical Educational Preparation Inc - California

990 • Fiscal year 2015 • EIN 26-1096561

Jul 01, 2014 to Jun 30, 2015 • Filed on Apr 15, 2016

Organization ProfileOLINACADEMY.ORG
2600 Foothill Blvd 301LA Crescenta, CA 91214

(800) 985-0770

Siviq Scores

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

Liabilities / Assets

96th percentile

1.51x

Higher debt load relative to assets than 96% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

90th percentile

2.13x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

3rd percentile

-98%

Higher net margin than 3% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

69th percentile

$99,823

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

12th percentile

-11%

Faster asset growth than 12% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2015

Revenue Growth

Score unavailable

No value available

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

Source year 2015

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$3,036,618

Down $774,303 (-20%) from 2013

Net Assets

Down

-$1,548,646

Down $2,544,534 (-256%) from 2013

Liabilities

Up

$4,585,264

Up $1,770,231 (+63%) from 2013

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin3rd percentile

Revenue

$2,147,778

No earlier filing loaded for comparison.

Expenses

Up

$4,247,910

Up $250,357 (+6.3%) from 2013

Net Income

-$2,100,132

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2012: $2,683,015Liabilities 2012: $1,855,382Net Assets 2012: $827,6332012Assets 2013: $3,810,921Liabilities 2013: $2,815,033Net Assets 2013: $995,8882013Assets 2015: $3,036,618Liabilities 2015: $4,585,264Net Assets 2015: -$1,548,6462015Assets 2016: $878,579Liabilities 2016: $3,321,283Net Assets 2016: -$2,442,7042016Assets 2017: $284,511Liabilities 2017: $3,545,440Net Assets 2017: -$3,260,9292017

Highlighted filing

2015

Assets$3,036,618
Liabilities$4,585,264
Net Assets-$1,548,646
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2012: $2,837,0482012Expenses 2013: $3,997,5532013Revenue 2015: $2,147,778Expenses 2015: $4,247,910Net Income 2015: -$2,100,1322015Revenue 2016: $2,673,812Expenses 2016: $3,379,031Net Income 2016: -$705,2192016Revenue 2017: $1,100,256Expenses 2017: $1,918,481Net Income 2017: -$818,2252017

Highlighted filing

2015

Revenue$2,147,778
Expenses$4,247,910
Net Income-$2,100,132
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Apr 15, 2016
Return Version
2014v6.0
Gross Receipts
$2,147,778
Mission and Program Overview

Mission

Olin virtual academy unites expertise in online learning with cutting edge technology to provide a quality educational option for california families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$2,547,794-
Accounts Receivable$2,051,333$418,771▼ $1,632,562
Prepaid Expenses and Deferred Charges$9,505$50,892▲ $41,387
Cash and Non-Interest-Bearing Accounts$2,425,599$19,161▼ $2,406,438
Total Assets$4,486,437$3,036,618▼ $1,449,819
Liabilities
Accounts Payable and Accrued Expenses$3,775,548$4,531,969▲ $756,421
Deferred Revenue$159,403$53,295▼ $106,108
Total Liabilities$3,934,951$4,585,264▲ $650,313
Net Assets / Fund Balance
Unrestricted Net Assets$551,486$-1,548,646▼ $2,100,132
Total Net Assets Fund Balance$551,486$-1,548,646▼ $2,100,132
Total Liabilities and Net Assets / Fund Balance$4,486,437$3,036,618▼ $1,449,819
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jose SalasFounding PriFT$93,810$6,013$99,823
Jackie ContrerasCFO-$13,500-$13,500
Tara Gomez HamptonSecretary-$4,000-$4,000

Board Members and Trustees

NameTitle
Ramon MiramontesPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$1,846,477
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$301,301
Change in Net Assets
$-2,100,132

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,147,778
Total Revenue per Audited Statements
$2,147,778
Total Revenue per Form 990
$2,147,778
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,559,173
Other Expenses$1,688,737
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,498,128$369,475-$1,867,603
Fees for Services Other$190,455$178,166-$368,621
Current Officers, Directors, Trustees, and Key Employees-$269,885-$269,885
Other Employee Benefits$175,795$60,008-$235,803
Payroll Taxes$130,072$55,810-$185,882
Office Expenses$42,949$43,765-$86,714
Fees for Services Legal-$78,061-$78,061
Fees for Services Management-$73,400-$73,400
Advertising-$67,728-$67,728
Travel$65,177--$65,177
Occupancy$46,432--$46,432
Other Expenses$37,080--$37,080
Insurance-$27,983-$27,983
Conferences and Meetings$19,762--$19,762
Fees for Services Accounting-$9,845-$9,845
Information Technology$9,666--$9,666
Total Functional Expenses$3,013,784$1,234,126$0$4,247,910

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,247,910
Total Expenses per Audited Statements$4,247,910
Total Expenses per Form 990$4,247,910
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
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 990 return is reviewed by the board prior to filing the return.”

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

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board of directors meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board members shall decide if a conflict of interest exists.”

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

“The legal counsel performs appropriate industry research and submits recommendations directly to the board. The board discusses and votes on the compensation.”

Form 990, Page 6, Part VI, Line 19

“The school provides its governing documents, conflict of interest policy and financial statements to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Olin Virtual Academy
EIN
26-1096561
Phone
8009850770
Address
2600 FOOTHILL BLVD 301, LA CRESCENTA, CA 91214

Signing Officer

Name
Ramon Miramontes
Title
President
Phone
8009850770
Signed
2016-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ramon Miramontes
Formed
2007
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
2
Employees
81

Preparer

Firm
Vicenti Lloyd & Stutzman
Address
2210 E ROUTE 66 STE 100, GLENDORA, CA 91740-4676
Preparer
Wade Mcmullen CPA
Phone
6268577300
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“Academy is a non-profit entity exempt from the payment of income taxes under internal revenue code section 501(c)(3) and california revenue and taxation code section 23701d. Accordingly, no provision has been made for income taxes. Management has determined that all income tax positions are more likely than not of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required. Academy files informational returns in the u.s. Federal jurisdiction, and the state of california. The statute of limitations for federal and california state purposes is generally three and four years, respectively.”

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACADEMY IS A NON-PROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. ACADEMY FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION, AND THE STATE OF CALIFORNIA. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL PUBLICIZES ITS POLICY IN ITS REGISTRATION MATERIALS AND DOCUMENTS USED TO SOLICIT STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1N/A- RECORDS DOCUMENTING THAT SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE AWARDED ARE MAINTAINED AS THE SCHOOL PROVIDES NO SCHOLARSHIPS OR FINANCIAL ASSISTANCE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION IS A PUBLIC CHARTER SCHOOL PRINCIPALLY FUNDED BY CALIFORNIA AND FEDERAL MONIES RECEIVED THROUGH THE CALIFORNIA DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 RETURN IS REVIEWED BY THE BOARD PRIOR TO FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OF DIRECTORS MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE LEGAL COUNSEL PERFORMS APPROPRIATE INDUSTRY RESEARCH AND SUBMITS RECOMMENDATIONS DIRECTLY TO THE BOARD. THE BOARD DISCUSSES AND VOTES ON THE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SCHOOL PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/PreparerPersonGrp/PreparationDt02016-04-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WADE MCMULLEN CPA
ReturnHeader/ReturnTs02016-04-20T12:57:13-05:00
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ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,036,618
Liabilities
$4,585,264
Net assets
-$1,548,646
Revenue
$2,147,778
Expenses
$4,247,910
Net income
-$2,100,132
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$0.28$3.55$3.26$1.10$1.92$0.82
2016Detailed filing. Detailed filing data is available for this year.$0.88$3.32$2.44$2.67$3.38$0.71
2015Detailed filing. Detailed filing data is available for this year.$3.04$4.59$1.55$2.15$4.25$2.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.81$2.82$1.00$4.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.68$1.86$0.83$2.84