Civic Intelligence

Ed Brokers Educational Services

990 • Fiscal year 2022 • EIN 26-2990716

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 01, 2022

Organization ProfileLEPACADEMY.ORG
9966 I AvenueHesperia, CA 92345

(760) 948-4333

Siviq Scores

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

Liabilities / Assets

77th percentile

0.52x

Higher debt load relative to assets than 77% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

86th percentile

1.72x

Higher debt load relative to revenue than 86% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

57th percentile

10%

Higher net margin than 57% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

61st percentile

$209,779

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

73rd percentile

12%

Faster asset growth than 73% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

76th percentile

25%

Faster revenue growth than 76% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$24,954,543

Up $2,578,146 (+12%) from 2021

Net Assets

Up

$11,934,515

Up $2,307,478 (+24%) from 2021

Liabilities

Up

$13,020,028

Up $270,668 (+2.1%) from 2021

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin57th percentile

Revenue

Up

$7,571,035

Up $1,524,836 (+25%) from 2021

Expenses

Up

$6,802,360

Up $1,120,342 (+20%) from 2021

Net Income

Up

$768,675

Up $404,494 (+111%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

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

$30M$20M$10M$0Assets 2013: $1,807,101Liabilities 2013: $116,822Net Assets 2013: $1,690,2792013Assets 2014: $2,752,899Liabilities 2014: $88,019Net Assets 2014: $2,664,8802014Assets 2015: $3,886,498Liabilities 2015: $171,502Net Assets 2015: $3,714,9962015Assets 2016: $5,970,837Liabilities 2016: $43,618Net Assets 2016: $5,927,2192016Assets 2017: $7,072,979Liabilities 2017: $454,807Net Assets 2017: $6,618,1722017Assets 2018: $7,514,998Liabilities 2018: $78,003Net Assets 2018: $7,436,9952018Assets 2019: $8,728,012Liabilities 2019: $131,252Net Assets 2019: $8,596,7602019Assets 2020: $9,065,174Liabilities 2020: $460,437Net Assets 2020: $8,604,7372020Assets 2021: $22,376,397Liabilities 2021: $12,749,360Net Assets 2021: $9,627,0372021Assets 2022: $24,954,543Liabilities 2022: $13,020,028Net Assets 2022: $11,934,5152022Assets 2023: $25,275,553Liabilities 2023: $12,459,276Net Assets 2023: $12,816,2772023Assets 2024: $27,428,836Liabilities 2024: $11,863,256Net Assets 2024: $15,565,5802024Assets 2025: $28,383,281Liabilities 2025: $13,718,806Net Assets 2025: $14,664,4752025

Highlighted filing

2022

Assets$24,954,543
Liabilities$13,020,028
Net Assets$11,934,515
Open 2022 Filing

Operations Trend

Revenue Growth76th percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2013: $2,010,6192013Revenue 2014: $3,135,514Expenses 2014: $2,160,913Net Income 2014: $974,6012014Revenue 2015: $3,584,979Expenses 2015: $2,498,502Net Income 2015: $1,086,4772015Revenue 2016: $5,036,901Expenses 2016: $2,824,678Net Income 2016: $2,212,2232016Revenue 2017: $4,131,594Expenses 2017: $3,290,813Net Income 2017: $840,7812017Revenue 2018: $4,459,066Expenses 2018: $3,640,243Net Income 2018: $818,8232018Revenue 2019: $5,040,538Expenses 2019: $3,880,773Net Income 2019: $1,159,7652019Revenue 2020: $5,035,026Expenses 2020: $5,027,049Net Income 2020: $7,9772020Revenue 2021: $6,046,199Expenses 2021: $5,682,018Net Income 2021: $364,1812021Revenue 2022: $7,571,035Expenses 2022: $6,802,360Net Income 2022: $768,6752022Revenue 2023: $8,309,080Expenses 2023: $7,427,318Net Income 2023: $881,7622023Revenue 2024: $10,896,309Expenses 2024: $8,147,006Net Income 2024: $2,749,3032024Revenue 2025: $8,031,862Expenses 2025: $9,172,299Net Income 2025: -$1,140,4372025

Highlighted filing

2022

Revenue$7,571,035
Expenses$6,802,360
Net Income$768,675
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 1, 2022
Return Version
2021v4.0
Gross Receipts
$7,571,035
Mission and Program Overview

Mission

To provide an innovative, classical educational program that will enable all scholars to learn skills, acquire knowledge, apply wisdom and develop character within a rich, diverse and nurturing learning environment.

The mission of laverne elementary preparatory academy is to provide an innovative, classical educational program that will enable all scholars to learn skills, acquire knowledge, apply wisdom and develop character within a rich, diverse and nurturing learning environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,611,886$7,532,591▲ $2,920,705
Land, Buildings, and Equipment, Net$3,267,726$3,322,967▲ $55,241
Accounts Receivable$2,192,263$2,149,018▼ $43,245
Prepaid Expenses and Deferred Charges$188,656$266,811▲ $78,155
Total Assets$22,376,397$24,954,543▲ $2,578,146
Other Assets Total$12,115,866$11,683,156▼ $432,710
Liabilities
Unsecured Notes Loans Payable$12,345,968$11,575,566▼ $770,402
Accounts Payable and Accrued Expenses$312,566$1,120,423▲ $807,857
Deferred Revenue$90,826$324,039▲ $233,213
Total Liabilities$12,749,360$13,020,028▲ $270,668
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,627,037$11,934,515▲ $2,307,478
Total Net Assets Fund Balance$9,627,037$11,934,515▲ $2,307,478
Total Liabilities and Net Assets / Fund Balance$22,376,397$24,954,543▲ $2,578,146

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,395,438$120,953$2,516,391
Land$927,529-$927,529
Other Assets Org$11,683,156--
Compensation and Service Providers
Top Officer Pay61st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Debra TarverExecutive DiFT$165,135$44,644$209,779
Debra TarverExecutive Director-$165,135$44,644$209,779

Board Members and Trustees

NameTitle
Ron GriffinPresident
Heidi SmithMember
Wanda WilburnMember
Chandale M SuttonSecrectary
Dr Roan Paul EarleVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$7,570,579
Program Service Revenue
$0
Investment Income
$456
Other Revenue
$0
All Other Contributions
$828
Change in Net Assets
$768,675

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,571,035
Total Revenue per Audited Statements
$7,571,035
Total Revenue per Form 990
$7,571,035
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,078,847
Other Expenses$2,723,513
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,533,737$346,207-$2,879,944
Occupancy$1,013,176--$1,013,176
Other Employee Benefits$830,508$102,556-$933,064
Fees for Services Other$112,727$389,082-$501,809
Depreciation Depletion-$496,925-$496,925
Current Officers, Directors, Trustees, and Key Employees-$165,475-$165,475
Payroll Taxes$59,707$40,657-$100,364
Insurance-$82,436-$82,436
Information Technology$48,847$12,437-$61,284
Other Expenses$51,206$141,811-$51,206
All Other Expenses-$47,993-$47,993
Fees for Services Legal-$15,521-$15,521
Conferences and Meetings-$9,387-$9,387
Fees for Services Accounting-$-187,215-$-187,215
Total Functional Expenses$5,139,088$1,663,272$0$6,802,360

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,802,360
Total Expenses per Audited Statements$6,802,360
Total Expenses per Form 990$6,802,360
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
No
Audit committee
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The director, cfo and governing board will review form 990 prior to filing.”

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

“The organization montors and enforces compliance with the conflict of interest policy through the board meetings.”

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

“The member of the board are not compensated. The executive director's and principal's compensation is approved by the board and in line with charter schools and husd employees of a similar position.”

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
Ed Brokers Educational Services
EIN
26-2990716
Phone
7609484333
Address
9966 I AVENUE, HESPERIA, CA 92345

Signing Officer

Name
Debra Tarver
Title
Executive Director
Phone
7609484333
Signed
2022-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Debra Tarver
Formed
2008
Voting Board Members
5
Independent Board Members
5
Employees
61
Volunteers
30

Preparer

Firm
Silva & Silva Cpas
Address
3040 SATURN ST SUITE 107, BREA, CA 92821
Preparer
Lisa Silva CPA
Phone
7145297707
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The mission of laverne elementary preparatory academy is to provide an innovative, classical educational program that will enable all scholars to learn skills, acquire knowledge, apply wisdom and develop character within a rich, diverse and nurturing learning environment.”

Form 990, Part XI, Line 9

“LLC 1,538,803”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization has adopted financial accounting standards board (fasb) accounting standards codification (asc) topic 740 that clarifies the accounting for uncertainty in tax positions taken or expected to be taken on a tax return and provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if, based on its merits, the position is more likely than not to be sustained on audit by the taxing authorities. Management believes that all tax positions taken to date are highly certain. Accordingly, no accounting adjustment has been made to the financial statements.”

Raw XML Appendix384 raw XML fields

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/OtherAssetsOrgGrp/Desc0LEASE RECEIVABLE
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740 THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN AND PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF, BASED ON ITS MERITS, THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT BY THE TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT ALL TAX POSITIONS TAKEN TO DATE ARE HIGHLY CERTAIN. ACCORDINGLY, NO ACCOUNTING ADJUSTMENT HAS BEEN MADE TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF LAVERNE ELEMENTARY PREPARATORY ACADEMY IS TO PROVIDE AN INNOVATIVE, CLASSICAL EDUCATIONAL PROGRAM THAT WILL ENABLE ALL SCHOLARS TO LEARN SKILLS, ACQUIRE KNOWLEDGE, APPLY WISDOM AND DEVELOP CHARACTER WITHIN A RICH, DIVERSE AND NURTURING LEARNING ENVIRONMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DIRECTOR, CFO AND GOVERNING BOARD WILL REVIEW FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MONTORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THROUGH THE BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MEMBER OF THE BOARD ARE NOT COMPENSATED. THE EXECUTIVE DIRECTOR'S AND PRINCIPAL'S COMPENSATION IS APPROVED BY THE BOARD AND IN LINE WITH CHARTER SCHOOLS AND HUSD EMPLOYEES OF A SIMILAR POSITION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LLC 1,538,803
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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ReturnHeader/BuildTS02023-03-07 01:45:13Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-01
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ReturnHeader/PreparerPersonGrp/PreparationDt02023-02-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LISA SILVA CPA
ReturnHeader/ReturnTs02023-02-03T16:37:18-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DEBBIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TARVER
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,954,543
Liabilities
$13,020,028
Net assets
$11,934,515
Revenue
$7,571,035
Expenses
$6,802,360
Net income
$768,675
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$28.4$13.7$14.7$8.03$9.17$1.14
2024Detailed filing. Detailed filing data is available for this year.$27.4$11.9$15.6$10.9$8.15$2.75
2023Detailed filing. Detailed filing data is available for this year.$25.3$12.5$12.8$8.31$7.43$0.88
2022Detailed filing. Detailed filing data is available for this year.$25.0$13.0$11.9$7.57$6.80$0.77
2021Detailed filing. Detailed filing data is available for this year.$22.4$12.7$9.63$6.05$5.68$0.36
2020Detailed filing. Detailed filing data is available for this year.$9.07$0.46$8.60$5.04$5.03$0.01
2019Detailed filing. Detailed filing data is available for this year.$8.73$0.13$8.60$5.04$3.88$1.16
2018Detailed filing. Detailed filing data is available for this year.$7.51$0.08$7.44$4.46$3.64$0.82
2017Detailed filing. Detailed filing data is available for this year.$7.07$0.45$6.62$4.13$3.29$0.84
2016Detailed filing. Detailed filing data is available for this year.$5.97$0.04$5.93$5.04$2.82$2.21
2015Detailed filing. Detailed filing data is available for this year.$3.89$0.17$3.71$3.58$2.50$1.09
2014Detailed filing. Detailed filing data is available for this year.$2.75$0.09$2.66$3.14$2.16$0.97
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.81$0.12$1.69$2.01