Civic Intelligence

Banyan Tree Educational Services

990 • Fiscal year 2022 • EIN 26-2587784

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 21, 2023

2675 Rosecrans StreetSan Diego, CA 92106

(858) 578-6616

Siviq Scores

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

Liabilities / Assets

90th percentile

0.76x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

73rd percentile

0.30x

Higher debt load relative to revenue than 73% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

12th percentile

-27%

Higher net margin than 12% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

70th percentile

$103,263

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

21st percentile

-9.2%

Faster asset growth than 21% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

7th percentile

-49%

Faster revenue growth than 7% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$1,012,488

Down $102,480 (-9.2%) from 2021

Net Assets

Down

$246,348

Down $675,678 (-73%) from 2021

Liabilities

Up

$766,140

Up $573,198 (+297%) from 2021

Revenue

Down

$2,533,863

Down $2,458,148 (-49%) from 2021

Expenses

Down

$3,209,541

Down $1,591,696 (-33%) from 2021

Net Income

Down

-$675,678

Down $866,452 (-454%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2013: $230,774Liabilities 2013: $136,968Net Assets 2013: $93,8062013Assets 2014: $362,548Liabilities 2014: $145,714Net Assets 2014: $216,8342014Assets 2015: $477,229Liabilities 2015: $334,227Net Assets 2015: $143,0022015Assets 2017: $671,965Liabilities 2017: $251,981Net Assets 2017: $419,9842017Assets 2018: $661,047Liabilities 2018: $33,459Net Assets 2018: $627,5882018Assets 2019: $758,431Liabilities 2019: $135,355Net Assets 2019: $623,0762019Assets 2020: $1,495,936Liabilities 2020: $764,684Net Assets 2020: $731,2522020Assets 2021: $1,114,968Liabilities 2021: $192,942Net Assets 2021: $922,0262021Assets 2022: $1,012,488Liabilities 2022: $766,140Net Assets 2022: $246,3482022Assets 2023: $777,486Liabilities 2023: $698,129Net Assets 2023: $79,3572023Assets 2024: $0Net Assets 2024: $02024

Highlighted filing

2022

Assets$1,012,488
Liabilities$766,140
Net Assets$246,348

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $1,170,155Expenses 2013: $1,108,344Net Income 2013: $61,8112013Revenue 2014: $1,527,553Expenses 2014: $1,404,525Net Income 2014: $123,0282014Revenue 2015: $1,696,770Expenses 2015: $1,770,602Net Income 2015: -$73,8322015Revenue 2017: $2,672,874Expenses 2017: $2,269,899Net Income 2017: $402,9752017Revenue 2018: $2,767,680Expenses 2018: $2,560,076Net Income 2018: $207,6042018Revenue 2019: $3,262,518Expenses 2019: $3,267,030Net Income 2019: -$4,5122019Revenue 2020: $4,513,876Expenses 2020: $4,405,700Net Income 2020: $108,1762020Revenue 2021: $4,992,011Expenses 2021: $4,801,237Net Income 2021: $190,7742021Revenue 2022: $2,533,863Expenses 2022: $3,209,541Net Income 2022: -$675,6782022Revenue 2023: $1,164,190Expenses 2023: $1,440,057Net Income 2023: -$275,8672023Revenue 2024: $110,627Expenses 2024: $205,201Net Income 2024: -$94,5742024

Highlighted filing

2022

Revenue$2,533,863
Expenses$3,209,541
Net Income-$675,678
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 21, 2023
Return Version
2022v5.0
Gross Receipts
$2,533,863
Mission and Program Overview

Mission

Banyan Tree Educational Services offers resources to assist and support students with learning challenges. Banyan Tree Educational Services provides a nonpublic schook, a private school with an accredited curriculum and a learning center each designed to best help students overcome learning challenges.

We offer resources to assist and support students with learning challenges. We provide a nonpublic school, a private school with accredited curriculum and a learning center to help students overcome learning challenges.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$82,648$93,560▲ $10,912
Accounts Receivable$767,738$79,782▼ $687,956
Intangible Assets$115,907$76,707▼ $39,200
Land, Buildings, and Equipment, Net$63,487$42,574▼ $20,913
Savings and Temporary Cash Investments$25,090$5,094▼ $19,996
Total Assets$1,114,968$1,012,488▼ $102,480
Other Assets Total$60,098$714,771▲ $654,673
Liabilities
Other Liabilities-$649,591-
Accounts Payable and Accrued Expenses$105,713$69,001▼ $36,712
Mortgage Notes Payable Secured by Investment Property$87,229$47,548▼ $39,681
Total Liabilities$192,942$766,140▲ $573,198
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$896,726$221,048▼ $675,678
Net Assets With Donor Restrictions$25,300$25,300→ $0
Total Net Assets Fund Balance$922,026$246,348▼ $675,678
Total Liabilities and Net Assets / Fund Balance$1,114,968$1,012,488▼ $102,480

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$22,563$171,917$194,480
Equipment$13,021$60,996$74,017
Leasehold Improvements$6,990$26,650$33,640
Other Assets Org$649,591--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nanci EngleCEOFT$103,263$103,263
Julie FosterDirectorFT$63,724$63,724

Board Members and Trustees

NameTitle
Tom VaughnActing President
Bill BrownDirector
Niko SassoDirector
Holly ValeraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,042
Program Service Revenue
$2,341,271
Investment Income
$0
Other Revenue
$191,550
All Other Contributions
$1,042
Change in Net Assets
$-675,678

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,533,863
Total Revenue per Audited Statements
$2,533,863
Total Revenue per Form 990
$2,533,863
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,244,355
Other Expenses$965,186
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,366,928$227,500-$1,594,428
Occupancy$522,977$36,100-$559,077
Other Employee Benefits$287,093$6,695-$293,788
Payroll Taxes$139,813$37,165-$176,978
Current Officers, Directors, Trustees, and Key Employees$22,912$144,075-$166,987
Office Expenses$60,135$4,151-$64,286
Depreciation Depletion$20,913$39,200-$60,113
Fees for Services Accounting-$48,200-$48,200
Fees for Services Legal-$40,780-$40,780
Information Technology$37,745$2,605-$40,350
Fees for Services Other$24,558--$24,558
Insurance$18,051$1,245-$19,296
All Other Expenses-$18,284-$18,284
Other Expenses$17,049$7,722-$17,049
Interest$12,806$1,496-$14,302
Pension Plan Contributions$9,617$2,557-$12,174
Travel$5,664--$5,664
Advertising$4,230--$4,230
Conferences and Meetings$3,600--$3,600
Total Functional Expenses$2,591,766$617,775$0$3,209,541

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,209,541
Total Expenses per Audited Statements$3,209,541
Total Expenses per Form 990$3,209,541
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$649,591
Right of Use Lease Liability-
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
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 1A

The Governing Board is comprised of individuals independent of the Organization and serve without compensation. Original Founders serve as members of a management board, dealing with day to day operations. The managing board is accountable to the Governing Board.

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by the Board Members prior to approval and submission to the IRS.

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

The Governing Board adopted a formal written conflict of interest policy, whistleblower policy, and document retention policy which are monitored by the Governing Board.

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

Tthe Board approved the salaries of the employees as part of the budget approval process.

Form 990, Part VI, Section C, Line 19

Governing documents, policies, and financial information can be made available upon written request.

Filing and Contact Details

Filer

Filer Name
Banyan Tree Educational Services
EIN
26-2587784
Phone
8585786616
Address
2675 Rosecrans Street, San Diego, CA 92106

Signing Officer

Name
Nanci Engle
Title
Executive Director
Phone
8585786616
Signed
2023-06-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nanci Engle
Formed
2007
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
4
Employees
82

Preparer

Firm
Munger & Company CPAs
Address
2170 South El Camino Real Suite 217, Oceanside, CA 92054
Preparer
Roland W Munger
Phone
7607308020
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

These expenses relate to therapy provided services to the students.

Form 990, Part III, Line 1

Banyan Tree Educational Services offers resources to assist and support students with learning challenges. BTES provides for nonpublic schools, a private school, and learning centers, each designed to best help students overcome learning challenges. Our mission is to empower students to meet their full potential by recognizing their strengths and developing their foundations for learning.

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IRS990/PYGrantsAndSimilarPaidAmt031562
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01298711
IRS990/PYOtherRevenueAmt0157464
IRS990/PYProgramServiceRevenueAmt04039219
IRS990/PYRevenuesLessExpensesAmt0190774
IRS990/PYSalariesCompEmpBnftPaidAmt03470964
IRS990/PYTotalExpensesAmt04801237
IRS990/PYTotalRevenueAmt04992011
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-675678
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0191550
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02341271
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt025090
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05094
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01042
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0795328
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt022998
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt098403
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt057742
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0975513
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0191550
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt094074
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0398526
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt037180
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0721330
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02341271
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt04039219
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt04083960
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt03126039
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02681952
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt016272441
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0191550
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt094074
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0398526
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt037180
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0721330
IRS990ScheduleA/InvestmentIncomeCYPct00.03990
IRS990ScheduleA/InvestmentIncomePYPct00.02910
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt063390
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02605
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0896
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt027986
IRS990ScheduleA/OtherIncome509Grp/TotalAmt094877
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleA/PublicSupportCY509Pct00.95480
IRS990ScheduleA/PublicSupportPY509Pct00.96450
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt04106958
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03224442
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02739694
IRS990ScheduleA/Total509Grp/TotalAmt017247954
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02533863
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt04992011
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt04508089
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03262518
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02767680
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt018064161
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt013021
IRS990ScheduleD/EquipmentGrp/DepreciationAmt060996
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt074017
IRS990ScheduleD/ExpensesSubtotalAmt03209541
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt06990
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt026650
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt033640
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt065180
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1649591
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Security Deposits and Other
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Right of Use Asset
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt022563
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0171917
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0194480
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0649591
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Right of Use Lease Liability
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt02533863
IRS990ScheduleD/TotalBookValueLandBuildingsAmt042574
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0714771
IRS990ScheduleD/TotalExpensesPerForm990Amt03209541
IRS990ScheduleD/TotalLiabilityAmt0649591
IRS990ScheduleD/TotalRevenuePerForm990Amt02533863
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02533863
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03209541
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Governing Board is comprised of individuals independent of the Organization and serve without compensation. Original Founders serve as members of a management board, dealing with day to day operations. The managing board is accountable to the Governing Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 is reviewed by the Board Members prior to approval and submission to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Governing Board adopted a formal written conflict of interest policy, whistleblower policy, and document retention policy which are monitored by the Governing Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Tthe Board approved the salaries of the employees as part of the budget approval process.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents, policies, and financial information can be made available upon written request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5These expenses relate to therapy provided services to the students.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Banyan Tree Educational Services offers resources to assist and support students with learning challenges. BTES provides for nonpublic schools, a private school, and learning centers, each designed to best help students overcome learning challenges. Our mission is to empower students to meet their full potential by recognizing their strengths and developing their foundations for learning.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part III, Line 1
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01114968
IRS990/TotalAssetsEOYAmt01012488
IRS990/TotalAssetsGrp/BOYAmt01114968
IRS990/TotalAssetsGrp/EOYAmt01012488
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01042
IRS990/TotalEmployeeCnt082
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0617775
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02591766
IRS990/TotalFunctionalExpensesGrp/TotalAmt03209541
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0192942
IRS990/TotalLiabilitiesEOYAmt0766140
IRS990/TotalLiabilitiesGrp/BOYAmt0192942
IRS990/TotalLiabilitiesGrp/EOYAmt0766140
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0922026
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0246348
IRS990/TotalProgramServiceExpensesAmt02591766
IRS990/TotalProgramServiceRevenueAmt02341271
IRS990/TotalReportableCompFromOrgAmt0166987
IRS990/TotalRevenueGrp/ExclusionAmt0191550

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