Civic Intelligence

Personalized Learning Inc.

990 • Fiscal year 2022 • EIN 26-3393678

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 28, 2023

639 SW Forest Ave Ste FRedmond, OR 97756

(541) 410-7875

Siviq Scores

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

Liabilities / Assets

95th percentile

1.04x

Higher debt load relative to assets than 95% of similar nonprofits.

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

Liabilities / Revenue

89th percentile

2.21x

Higher debt load relative to revenue than 89% of similar nonprofits.

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

Net Margin

54th percentile

8.3%

Higher net margin than 54% of similar nonprofits.

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

Top Officer Pay

73rd percentile

$262,056

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

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

Asset Growth

55th percentile

2.1%

Faster asset growth than 55% of similar nonprofits.

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

Revenue Growth

60th percentile

10%

Faster revenue growth than 60% of similar nonprofits.

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

Assets

Up

$22,114,810

Up $447,479 (+2.1%) from 2021

Net Assets

Up

-$988,859

Up $869,566 (+47%) from 2021

Liabilities

Down

$23,103,669

Down $422,087 (-1.8%) from 2021

Revenue

Up

$10,437,643

Up $960,110 (+10%) from 2021

Expenses

Up

$9,568,077

Up $140,941 (+1.5%) from 2021

Net Income

Up

$869,566

Up $819,169 (+1625%) from 2021

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2021: $21,667,331Liabilities 2021: $23,525,756Net Assets 2021: -$1,858,4252021Assets 2022: $22,114,810Liabilities 2022: $23,103,669Net Assets 2022: -$988,8592022

Highlighted filing

2022

Assets$22,114,810
Liabilities$23,103,669
Net Assets-$988,859

Operations Trend

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

$15M$10M$5.0M$0Revenue 2021: $9,477,533Expenses 2021: $9,427,136Net Income 2021: $50,3972021Revenue 2022: $10,437,643Expenses 2022: $9,568,077Net Income 2022: $869,5662022

Highlighted filing

2022

Revenue$10,437,643
Expenses$9,568,077
Net Income$869,566
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 28, 2023
Return Version
2021v4.2
Gross Receipts
$10,437,643
Mission and Program Overview

Mission

To benefit and support the redmond proficiency academy, an oregon public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,047,650$14,188,033▲ $140,383
Savings and Temporary Cash Investments$1,752,228$3,086,123▲ $1,333,895
Prepaid Expenses and Deferred Charges$1,074,254$377,556▼ $696,698
Accounts Receivable$528,538$266,958▼ $261,580
Cash and Non-Interest-Bearing Accounts$744,966$201,251▼ $543,715
Total Assets$21,667,331$22,114,810▲ $447,479
Other Assets Total$3,519,695$3,994,889▲ $475,194
Liabilities
Unsecured Notes Loans Payable$14,863,750$14,645,274▼ $218,476
Other Liabilities$8,223,398$8,215,114▼ $8,284
Accounts Payable and Accrued Expenses$438,608$243,281▼ $195,327
Total Liabilities$23,525,756$23,103,669▼ $422,087
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,146,939$51,998▼ $1,094,941
Net Assets Without Donor Restrictions$-3,005,364$-1,040,857▲ $1,964,507
Total Net Assets Fund Balance$-1,858,425$-988,859▲ $869,566
Total Liabilities and Net Assets / Fund Balance$21,667,331$22,114,810▲ $447,479

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,428,340$1,313,534$12,741,874
Equipment$974,302$1,052,715$2,027,017
Land$1,089,057-$1,089,057
Leasehold Improvements$696,334$81,615$777,949
Other Assets Org$34,092--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jonathon BullockExecutive DirectorFT$174,460$87,596$262,056

Board Members and Trustees

NameTitle
John EsaPresident
Bert EliasonVice President
John HannanDirector
Patrick MackelvieDirector
Peter NelsonDirector
Sally ClaridgeDirector
Sally DuncanDirector
Josh EvansSecretary
Diana BarkerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$10,427,826
Program Service Revenue
$0
Investment Income
$9,817
Other Revenue
$0
All Other Contributions
$33,288
Change in Net Assets
$869,566

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,437,643
Total Revenue per Audited Statements
$10,437,643
Total Revenue per Form 990
$10,437,643
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,514,158
Other Expenses$3,053,919
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,996,627$1,232,454-$4,229,081
Other Employee Benefits$856,205$366,590-$1,222,795
Depreciation Depletion-$570,514-$570,514
Pension Plan Contributions$340,566$61,653-$402,219
Payroll Taxes$255,849$118,165-$374,014
Current Officers, Directors, Trustees, and Key Employees-$286,049-$286,049
Occupancy-$240,768-$240,768
Information Technology-$169,606-$169,606
Office Expenses-$146,123-$146,123
Advertising-$65,053-$65,053
Other Expenses$144,795$27,095-$27,095
Interest-$19,000-$19,000
Fees for Services Accounting-$17,032-$17,032
Insurance-$11,343-$11,343
Conferences and Meetings-$8,603-$8,603
All Other Expenses-$7,296-$7,296
Travel$4,433--$4,433
Total Functional Expenses$5,373,969$4,194,108$0$9,568,077

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,568,077
Total Expenses per Audited Statements$9,568,077
Total Expenses per Form 990$9,568,077
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
Net Pension Liability-pers$3,719,176
Pension Related Deferral - Pers$3,619,429
Long Term Lease Liability$717,201
Current Lease Liability$99,880
Lease Receivable Related Deferral$37,640
Opeb Related Deferrals-rhia$21,788
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
Yes
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 governing body review Part VI line 11

Draft copies of form 990 are provided to the board for their review before the return is finalized.

Conflict of interest policy compliance Part VI line 12C

Board of directors reviews issues at board meetings.

CEO executive director top management comp Part VI line 15A

Determined by the board of directors.

Other officer or key employee compensation Part VI line 15B

Determined by the board of directors and the executive director.

Governing documents etc available to public Part VI line 19

No other documents availabe to the pubilic.

Filing and Contact Details

Filer

Filer Name
Personalized Learning Inc
EIN
26-3393678
Address
639 SW FOREST AVE STE F, REDMOND, OR 97756
Doing Business As
Redmond Proficiency Learning

Signing Officer

Name
Jonathon Bullock
Title
Executive Direc
Phone
5415260882
Signed
2023-03-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jonathon Bullock
Formed
2008
Legal Domicile
Or
Voting Board Members
9
Independent Board Members
9
Employees
111
Volunteers
9

Preparer

Firm
Pauly Rogers & Co Pc
Address
12700 SW 72ND AVE, TIGARD, OR 97223
Preparer
Roy R Rogers
Phone
5036202632
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RIGHT TO USE ASSET NET OF AMORTIZA
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2NET OPEB ASSET - RHIA
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3PENSION RELATED DEFERRALS - PERS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4PENSION RELATED DEFERRALS - RHIA
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3OPEB RELATED DEFERRALS-RHIA
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5LEASE RECEIVABLE RELATED DEFERRAL
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JONATHON BULLOCK
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DRAFT COPIES OF FORM 990 ARE PROVIDED TO THE BOARD FOR THEIR REVIEW BEFORE THE RETURN IS FINALIZED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD OF DIRECTORS REVIEWS ISSUES AT BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DETERMINED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DETERMINED BY THE BOARD OF DIRECTORS AND THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO OTHER DOCUMENTS AVAILABE TO THE PUBILIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
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IRS990/TotalLiabilitiesEOYAmt023103669
IRS990/TotalLiabilitiesGrp/BOYAmt023525756

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