Civic Intelligence

Sherwood Charter School

990 • Fiscal year 2015 • EIN 26-1915236

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

PO Box 1342Sherwood, OR 97140

(503) 925-8007

Siviq Scores

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

Liabilities / Assets

69th percentile

0.31x

Higher debt load relative to assets than 69% of similar nonprofits.

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

Liabilities / Revenue

58th percentile

0.16x

Higher debt load relative to revenue than 58% of similar nonprofits.

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

Net Margin

82nd percentile

25%

Higher net margin than 82% of similar nonprofits.

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

Top Officer Pay

59th percentile

$80,736

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 6.0% of source-year revenue.

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

Asset Growth

91st percentile

48%

Faster asset growth than 91% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

69th percentile

14%

Faster revenue growth than 69% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$699,273

Up $226,472 (+48%) from 2014

Net Assets

Up

$481,384

Up $96,112 (+25%) from 2014

Liabilities

Up

$217,889

Up $130,360 (+149%) from 2014

Revenue

Up

$1,335,479

Up $159,875 (+14%) from 2014

Expenses

Down

$1,000,139

Down $167,150 (-14%) from 2014

Net Income

Up

$335,340

Up $327,025 (+3933%) from 2014

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2012: $465,298Liabilities 2012: $174,201Net Assets 2012: $291,0972012Assets 2013: $433,778Liabilities 2013: $56,821Net Assets 2013: $376,9572013Assets 2014: $472,801Liabilities 2014: $87,529Net Assets 2014: $385,2722014Assets 2015: $699,273Liabilities 2015: $217,889Net Assets 2015: $481,3842015Assets 2017: $1,227,333Liabilities 2017: $1,212,213Net Assets 2017: $15,1202017Assets 2018: $1,220,006Liabilities 2018: $1,378,984Net Assets 2018: -$158,9782018Assets 2019: $1,448,894Liabilities 2019: $1,855,274Net Assets 2019: -$406,3802019Assets 2020: $1,559,075Liabilities 2020: $2,080,292Net Assets 2020: -$521,2172020Assets 2021: $1,744,383Liabilities 2021: $2,087,612Net Assets 2021: -$343,2292021Assets 2022: $1,612,220Liabilities 2022: $1,891,375Net Assets 2022: -$279,1552022Assets 2025: $2,083,428Liabilities 2025: $2,014,211Net Assets 2025: $69,2172025

Highlighted filing

2015

Assets$699,273
Liabilities$217,889
Net Assets$481,384

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $877,8332012Expenses 2013: $906,8872013Revenue 2014: $1,175,604Expenses 2014: $1,167,289Net Income 2014: $8,3152014Revenue 2015: $1,335,479Expenses 2015: $1,000,139Net Income 2015: $335,3402015Revenue 2017: $1,258,143Expenses 2017: $1,355,795Net Income 2017: -$97,6522017Revenue 2018: $1,343,130Expenses 2018: $1,517,228Net Income 2018: -$174,0982018Revenue 2019: $1,419,265Expenses 2019: $1,666,667Net Income 2019: -$247,4022019Revenue 2020: $1,630,890Expenses 2020: $1,745,727Net Income 2020: -$114,8372020Revenue 2021: $1,997,295Expenses 2021: $1,828,865Net Income 2021: $168,4302021Revenue 2022: $1,849,170Expenses 2022: $1,785,096Net Income 2022: $64,0742022Revenue 2025: $2,394,984Expenses 2025: $2,312,769Net Income 2025: $82,2152025

Highlighted filing

2015

Revenue$1,335,479
Expenses$1,000,139
Net Income$335,340
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Dec 15, 2015
Return Version
2014v5.0
Gross Receipts
$1,335,479
Mission and Program Overview

Mission

Scs is a k-8 school of choice, providing a rigorous academic experience through integrated curriculum and instruction with emphasis on practical application of what is learned.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$385,272$481,384▲ $96,112
Land, Buildings, and Equipment, Net$286,817$312,961▲ $26,144
Savings and Temporary Cash Investments$167,721$152,744▼ $14,977
Cash and Non-Interest-Bearing Accounts$16,237$95,051▲ $78,814
Prepaid Expenses and Deferred Charges$2,026$1,910▼ $116
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$472,801$699,273▲ $226,472
Other Assets Total-$136,607-
Liabilities
Other Liabilities$65,373$196,304▲ $130,931
Accounts Payable and Accrued Expenses$21,861$19,265▼ $2,596
Deferred Revenue$295$2,320▲ $2,025
Total Liabilities$87,529$217,889▲ $130,360
Net Assets / Fund Balance
Total Net Assets Fund Balance$385,272$481,384▲ $96,112
Total Liabilities and Net Assets / Fund Balance$472,801$699,273▲ $226,472

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$308,662$106,309$414,971
Equipment$4,299$80,877$85,176
Other Assets Org$136,607--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joy RaboliSchool PrincpalFT$76,210$4,526$80,736

Board Members and Trustees

NameTitle
Keith HalasyChairman
Amy AndersonVice Chair
Steve SchweitzerDirector
Tee RamosDirector
Brian CrakerSecretary
Kim YoungTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,246,990
Program Service Revenue
$87,346
Investment Income
$1,143
Other Revenue
$0
All Other Contributions
$42,420
Change in Net Assets
$335,340

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,335,479
Total Revenue per Audited Statements
$1,335,479
Total Revenue per Form 990
$1,335,479
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$626,272
Other Expenses$373,867
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$401,164$149,019-$550,183
Current Officers, Directors, Trustees, and Key Employees$84,770--$84,770
Payroll Taxes$53,812$15,442-$69,254
Other Employee Benefits$40,953$13,776-$54,729
Other Expenses$29,379$10,210-$39,589
All Other Expenses$6,811$24,925-$31,736
Depreciation Depletion-$25,192-$25,192
Fees for Services Accounting-$15,476-$15,476
Office Expenses$1,667$10,475-$12,142
Fees for Services Other-$10,525-$10,525
Insurance-$8,967-$8,967
Fees for Services Legal-$8,767-$8,767
Occupancy-$3,466-$3,466
Advertising-$1,931-$1,931
Travel-$314-$314
Pension Plan Contributions$-101,564$-31,100-$-132,664
Total Functional Expenses$547,492$452,647$0$1,000,139

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,000,139
Total Expenses per Audited Statements$1,000,139
Total Expenses per Form 990$1,000,139
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Related Deferrals$120,729
Payroll Liabilities$75,575
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
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, Line 8: Explanation of No Contemporaneously Documentation of Meetings

The governing body did not delegate authority to act on its behalf to an executive committee or similar committee ay any time during the organization's tax year.

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

A copy of the draft of the 990 is available for all voting members of the board to review between three to five business days before it is signed and submitted to the internal revenue service. Each board member is notified and an electronic copy is available upon request.

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

The organziation's governing documents, conflict of interest policy, and finanical statements are generally not available to the public.

Filing and Contact Details

Filer

Filer Name
Sherwood Charter School
EIN
26-1915236
Phone
5039258007
Address
PO BOX 1342, SHERWOOD, OR 97140

Signing Officer

Name
Keith Halasy
Title
Chairman
Signed
2015-12-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joy Raboli
Formed
2002
Legal Domicile
Or
Voting Board Members
6
Independent Board Members
6
Employees
37
Volunteers
125

Preparer

Firm
Ras Groupllc
Address
7148 SW Gonzaga St, TIGARD, OR 97223
Preparer
Roy R Rogers
Phone
5036848421
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IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0-31100
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0-101564
IRS990/PensionPlanContributionsGrp/TotalAmt0-132664
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02026
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01910
IRS990/PrincipalOfficerNm0JOY RABOLI
IRS990/PriorPeriodAdjustmentsAmt0-239228
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0CHARGES FOR SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt087346
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt087346
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01115636
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0726
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0381532
IRS990/PYProgramServiceRevenueAmt059242
IRS990/PYRevenuesLessExpensesAmt08315
IRS990/PYSalariesCompEmpBnftPaidAmt0785757
IRS990/PYTotalExpensesAmt01167289
IRS990/PYTotalRevenueAmt01175604
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0335340
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt087345
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0167721
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0152744
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0308662
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0106309
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0414971
IRS990ScheduleD/EquipmentGrp/BookValueAmt04299
IRS990ScheduleD/EquipmentGrp/DepreciationAmt080877
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt085176
IRS990ScheduleD/ExpensesSubtotalAmt01000139
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0136607
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NET PENSION ASSET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0120729
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt175575
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION RELATED DEFERRALS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES
IRS990ScheduleD/RevenueSubtotalAmt01335479
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0312961
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0136607
IRS990ScheduleD/TotalExpensesPerForm990Amt01000139
IRS990ScheduleD/TotalLiabilityAmt0196304
IRS990ScheduleD/TotalRevenuePerForm990Amt01335479
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01335479
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01000139
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/ExplanationTxt0THE SCHOOL RECEIVED ASSISSTANCE FROM THE STATE DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1SHERWOOD CHARTER SCHOOL INCLUDES A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY TOWARDS STUDENTS IN ALL DOCUMENTED AND CIRCULATED SOLICITATIONS FOR REGISTRATION. IN ADDITION, DUE TO THE SIZE OF THE SCHOOL, IT'S GEOGRAPHIC LOCATION, AND THE COMMUNITY IT SERVES, THE NON-DISCRIMINATION POLICY AND RACIAL COMPOSITION OF THE STUDENT BODY IS WELL-KNOWN TO ALL SEGMENTS OF THE GENERAL COMMUNITY SERVED.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE GOVERNING BODY DID NOT DELEGATE AUTHORITY TO ACT ON ITS BEHALF TO AN EXECUTIVE COMMITTEE OR SIMILAR COMMITTEE AY ANY TIME DURING THE ORGANIZATION'S TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE DRAFT OF THE 990 IS AVAILABLE FOR ALL VOTING MEMBERS OF THE BOARD TO REVIEW BETWEEN THREE TO FIVE BUSINESS DAYS BEFORE IT IS SIGNED AND SUBMITTED TO THE INTERNAL REVENUE SERVICE. EACH BOARD MEMBER IS NOTIFIED AND AN ELECTRONIC COPY IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANZIATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANICAL STATEMENTS ARE GENERALLY NOT AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OR
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0472801
IRS990/TotalAssetsEOYAmt0699273
IRS990/TotalAssetsGrp/BOYAmt0472801
IRS990/TotalAssetsGrp/EOYAmt0699273
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01246990
IRS990/TotalEmployeeCnt037
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0452647
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0547492
IRS990/TotalFunctionalExpensesGrp/TotalAmt01000139
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt087529
IRS990/TotalLiabilitiesEOYAmt0217889
IRS990/TotalLiabilitiesGrp/BOYAmt087529
IRS990/TotalLiabilitiesGrp/EOYAmt0217889
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0385272
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0481384
IRS990/TotalOtherCompensationAmt04526
IRS990/TotalProgramServiceExpensesAmt0547492
IRS990/TotalProgramServiceRevenueAmt087346
IRS990/TotalReportableCompFromOrgAmt076210
IRS990/TotalRevenueGrp/ExclusionAmt01143
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt087346
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01335479
IRS990/TotalVolunteersCnt0125
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0472801
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0699273
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt0314
IRS990/TravelGrp/TotalAmt0314
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationOtherInd0X

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