Civic Intelligence

Island Christian Academy

990 • Fiscal year 2018 • EIN 26-2474316

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 10, 2019

5373 Maxwelton RoadLangley, WA 98260

(360) 221-0919

Siviq Scores

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

Liabilities / Assets

71st percentile

0.18x

Higher debt load relative to assets than 71% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

55th percentile

0.05x

Higher debt load relative to revenue than 55% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

52nd percentile

4.4%

Higher net margin than 52% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

60th percentile

$38,083

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

80th percentile

24%

Faster asset growth than 80% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

75th percentile

24%

Faster revenue growth than 75% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$136,012

Up $25,969 (+24%) from 2017

Net Assets

Up

$111,966

Up $17,619 (+19%) from 2017

Liabilities

Up

$24,046

Up $8,350 (+53%) from 2017

Revenue

Up

$519,258

Up $99,546 (+24%) from 2017

Expenses

Up

$496,609

Up $90,498 (+22%) from 2017

Net Income

Up

$22,649

Up $9,048 (+67%) from 2017

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2010: $54,104Liabilities 2010: $20,830Net Assets 2010: $33,2742010Assets 2011: $40,026Liabilities 2011: $53Net Assets 2011: $39,9732011Assets 2012: $75,198Liabilities 2012: -$1,725Net Assets 2012: $76,9232012Assets 2013: $99,604Liabilities 2013: $23,867Net Assets 2013: $75,7372013Assets 2014: $89,102Liabilities 2014: $14,537Net Assets 2014: $74,5652014Assets 2015: $97,397Liabilities 2015: $22,407Net Assets 2015: $74,9902015Assets 2016: $103,329Liabilities 2016: $17,583Net Assets 2016: $85,7462016Assets 2017: $110,043Liabilities 2017: $15,696Net Assets 2017: $94,3472017Assets 2018: $136,012Liabilities 2018: $24,046Net Assets 2018: $111,9662018Assets 2019: $196,823Liabilities 2019: $39,190Net Assets 2019: $157,6332019Assets 2020: $213,213Liabilities 2020: $27,594Net Assets 2020: $185,6192020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2018

Assets$136,012
Liabilities$24,046
Net Assets$111,966

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $312,3182010Expenses 2011: $361,1542011Expenses 2012: $368,0102012Revenue 2013: $389,646Expenses 2013: $407,157Net Income 2013: -$17,5112013Revenue 2014: $380,512Expenses 2014: $379,197Net Income 2014: $1,3152014Revenue 2015: $387,025Expenses 2015: $384,100Net Income 2015: $2,9252015Revenue 2016: $390,129Expenses 2016: $374,009Net Income 2016: $16,1202016Revenue 2017: $419,712Expenses 2017: $406,111Net Income 2017: $13,6012017Revenue 2018: $519,258Expenses 2018: $496,609Net Income 2018: $22,6492018Revenue 2019: $660,231Expenses 2019: $609,909Net Income 2019: $50,3222019Revenue 2020: $543,561Expenses 2020: $515,554Net Income 2020: $28,0072020Revenue 2021: $719,702Expenses 2021: $620,285Net Income 2021: $99,4172021

Highlighted filing

2018

Revenue$519,258
Expenses$496,609
Net Income$22,649
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 10, 2019
Return Version
2018v3.1
Gross Receipts
$542,366
Mission and Program Overview

Mission

Educating students K-12th grade by leading them towards a strong

Educating students preschool through 12th grade

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$63,538$76,560▲ $13,022
Savings and Temporary Cash Investments$30,808$45,250▲ $14,442
Land, Buildings, and Equipment, Net$11,955$10,430▼ $1,525
Accounts Receivable$3,742$3,766▲ $24
Total Assets$110,043$136,012▲ $25,969
Other Assets Total-$6-
Liabilities
Other Liabilities$15,517$23,882▲ $8,365
Accounts Payable and Accrued Expenses$179$164▼ $15
Total Liabilities$15,696$24,046▲ $8,350
Net Assets / Fund Balance
Unrestricted Net Assets$94,347$111,966▲ $17,619
Total Net Assets Fund Balance$94,347$111,966▲ $17,619
Total Liabilities and Net Assets / Fund Balance$110,043$136,012▲ $25,969

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$4,305$7,217$11,522
Other Land Buildings$6,125$3,543$9,668
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Brenda ChittimPrincipalFT$38,083$38,083

Board Members and Trustees

NameTitle
Matt ChambersDirector/President
Jim SchultzDirector
Nancy ThompsonDirector
Bobbi SandbergDirector/Sec. - Treas.
Revenue and Support

Revenue Composition

Contributions and Grants
$63,750
Program Service Revenue
$435,929
Investment Income
$1,320
Other Revenue
$18,259
All Other Contributions
$5,645
Change in Net Assets
$22,649

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table45$14,803Value of certificates
Clothing and Household Goods-$13,996Cash paid by purchasers
Other Non Cash Contri Table7$2,675Cash paid by purchasers
Other Non Cash Contri Table46$2,456Value of certificates
Total Noncash Contributions98$33,930-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$354,269
Other Expenses$87,797
Grants and Similar Amounts Paid$54,543
Total Fundraising Expense$2,077
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$279,284$7,444$0$286,728
Grants to Domestic Individuals$54,543--$54,543
Current Officers, Directors, Trustees, and Key Employees$3,808$32,371$1,904$38,083
Payroll Taxes$25,674$3,611$173$29,458
Occupancy$24,951$0$0$24,951
All Other Expenses$3,873$900$0$4,773
Office Expenses$3,350$0$0$3,350
Other Expenses$3,348$0$0$3,348
Insurance$3,189$0$0$3,189
Advertising$2,930$0$0$2,930
Depreciation Depletion$1,525$0$0$1,525
Fees for Services Accounting$0$1,506$0$1,506
Travel$522$0$0$522
Total Functional Expenses$448,700$45,832$2,077$496,609
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$41,367
Fundraising Direct Expenses$23,108
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Island County Fair$28,285$28,285$18,015$10,270
Auction$70,528$12,423$4,809$7,614
Total Events$98,813$40,708$22,824$17,884
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unearned Tuition$22,330
Payroll Taxes Payable$1,452
Retirement Disbursement$100
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Island Christian Academy
EIN
26-2474316
Phone
3602210919
Address
5373 Maxwelton Road, Langley, WA 98260

Signing Officer

Name
Matt Chambers
Title
President
Phone
3602210919
Signed
2019-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Chambers
Formed
2008
Legal Domicile
Wa
Voting Board Members
4
Independent Board Members
4
Employees
30
Volunteers
85

Preparer

Firm
Hunsinger & Company LLC
Address
PO Box 345 4639 Saratoga Rd, Langley, WA 98260
Preparer
M Jeanne Hunsinger
Phone
3602212744
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

A digital copy of the tax return was provided to all directors for their review prior to filing.

Pt VI, Line 12C

A conflict of interest statement is to be signed each year by each board member.

Pt VI, Line 15A

The board reviews the top management official's salary; comparison is made with statistics available related to similiar positions. Minutes of board meetings are kept.

Pt VI, Line 15B

The top management official sets the compensation levels for the other employees using statistical information for comparison. None of the employees meet the definition of key emloyees. Officers and directors don't receive wages for their officer/director services. Brenda Chittim is listed as an officer because she has the ultimate responsibility for implementing the decisions of the governing body.

Pt VI, Line 19

Governing documents, conflict of interest policy and financial statements are available upon request.

Pt XI

The school made a charitable contribution of $5,000.

Other

Schedule I, Part I, Line 1: ICA has engaged an outside company to help determine eligibility for tuition assistance. They have a list of criteria and make recommendations based on that criteria.

Form 990, Part IX, Line 24E

Staff expenses 2674. 2674. 0. 0.

Form 990, Part IX, Line 24E

Student sales expenses 1199. 1199. 0. 0.

Form 990, Part IX, Line 24E

Bank fees & other charges 297. 0. 297. 0.

Form 990, Part IX, Line 24E

Government fees 486. 0. 486. 0.

Form 990, Part IX, Line 24E

Gifts & benevolence 117. 0. 117. 0.

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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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IRS990/ReconcilationRevenueExpnssAmt022649
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0435929
IRS990/SavingsAndTempCashInvstGrp/BOYAmt030808
IRS990/SavingsAndTempCashInvstGrp/EOYAmt045250
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
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/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04305
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt07217
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt011522
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06125
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03543
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt09668
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01452
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt122330
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll Taxes Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Unearned Tuition
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Retirement Disbursement
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010430
IRS990ScheduleD/TotalLiabilityAmt023882
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 has the following declaration on its website in its application material: Island Christian Academy admits students of any race, color, and national or ethnic origin to all the rights, privileges, programs, and activities generally accorded or made available to students at our school and does not discriminate on the basis of race, color, and national or ethnic origin in administration of our educational policies, admissions policies, scholarships and loan programs, and athletic and other school-administered programs.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1Line 6a - Island Christian Academy received about $1,200 in the form of services like teacher subscriptions to a training site.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2Island Christian Academy's right to such aid has never been revoked.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Other
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Line 6b
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt058105
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt058105
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt022824
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Auction
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Island County Fair
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt070528
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt028285
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt098813
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt012423
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt028285
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt040708
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt017884
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt022824
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04809
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt018015
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt054543
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0Tuition offset
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt031
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/MethodOfDeterminingRevenuesTxt0Cash paid by purchasers
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/NoncashContributionsRptF990Amt013996
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt046
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt145
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt27
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Food/Restaurant Certificates
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1Gift Certificates
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc2Advertisements
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0Value of certificates
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1Value of certificates
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt2Cash paid by purchasers
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd2X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt02456
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt114803
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt22675
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A digital copy of the tax return was provided to all directors for their review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A conflict of interest statement is to be signed each year by each board member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board reviews the top management official's salary; comparison is made with statistics available related to similiar positions. Minutes of board meetings are kept.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The top management official sets the compensation levels for the other employees using statistical information for comparison. None of the employees meet the definition of key emloyees. Officers and directors don't receive wages for their officer/director services. Brenda Chittim is listed as an officer because she has the ultimate responsibility for implementing the decisions of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents, conflict of interest policy and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The school made a charitable contribution of $5,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Schedule I, Part I, Line 1: ICA has engaged an outside company to help determine eligibility for tuition assistance. They have a list of criteria and make recommendations based on that criteria.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Staff expenses 2674. 2674. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Student sales expenses 1199. 1199. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Bank fees & other charges 297. 0. 297. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Government fees 486. 0. 486. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Gifts & benevolence 117. 0. 117. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19

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