Civic Intelligence

Uncommon Lender Inc.

990 • Fiscal year 2012 • EIN 26-3594129

Jul 01, 2011 to Jun 30, 2012 • Filed on Jan 18, 2013

Organization ProfileWWW.UNCOMMONSCHOOLS.ORG
C/O Rhf 826 Broadway 9th Floor10003
Siviq Scores

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

Liabilities / Assets

18th percentile

0.03x

Higher debt load relative to assets than 18% of similar nonprofits.

2012 filings • NTEE B • $5M-$10M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets18th percentile

Assets

$9,955,128

No earlier filing loaded for comparison.

Net Assets

$9,694,084

No earlier filing loaded for comparison.

Liabilities

$261,044

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$338,412

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$200M$150M$100M$50M$0Assets 2012: $9,955,128Liabilities 2012: $261,044Net Assets 2012: $9,694,0842012Assets 2013: $16,670,196Liabilities 2013: $6,156,917Net Assets 2013: $10,513,2792013Assets 2014: $55,509,828Liabilities 2014: $41,144,643Net Assets 2014: $14,365,1852014Assets 2015: $56,711,015Liabilities 2015: $39,679,906Net Assets 2015: $17,031,1092015Assets 2017: $124,425,182Liabilities 2017: $100,341,809Net Assets 2017: $24,083,3732017Assets 2018: $160,646,858Liabilities 2018: $134,670,217Net Assets 2018: $25,976,6412018Assets 2021: $171,362,238Liabilities 2021: $136,296,329Net Assets 2021: $35,065,9092021Assets 2022: $174,239,408Liabilities 2022: $134,980,495Net Assets 2022: $39,258,9132022

Highlighted filing

2012

Assets$9,955,128
Liabilities$261,044
Net Assets$9,694,084
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$15M$10M$5.0M$0Expenses 2012: $338,4122012Expenses 2013: $251,1992013Revenue 2014: $7,345,749Expenses 2014: $2,167,337Net Income 2014: $5,178,4122014Revenue 2015: $4,568,374Expenses 2015: $3,198,986Net Income 2015: $1,369,3882015Revenue 2017: $8,031,809Expenses 2017: $5,469,042Net Income 2017: $2,562,7672017Revenue 2018: $9,487,406Expenses 2018: $7,594,138Net Income 2018: $1,893,2682018Revenue 2021: $12,059,737Expenses 2021: $7,376,781Net Income 2021: $4,682,9562021Revenue 2022: $12,168,791Expenses 2022: $11,502,688Net Income 2022: $666,1032022

Highlighted filing

2012

Revenue-
Expenses$338,412
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Jan 18, 2013
Return Version
2011v1.5
Gross Receipts
$930,650
Mission and Program Overview

Mission

To support uncommon schools, inc.'s real estate and other activities by providing subordinate debt and equity through loans, grants, loan participation purchases and equity contributions.

Filing and Contact Details

Filer

EIN
26-3594129
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE FIN 48 FOOTNOTE BELOW IS FROM THE ORGANIZATION'S CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2012: THE ORGANIZATION FOLLOWS THE RECOGNITION AND DISCLOSURE PROVISIONS OF THE ACCOUNTING STANDARD RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. UNDER THIS STANDARD, TAX POSITIONS ARE EVALUATED FOR RECOGNITION USING A MORE-LIKELY-THAN-NOT THRESHOLD, AND THOSE TAX POSITIONS REQUIRING RECOGNITION ARE MEASURED AT THE LARGEST AMOUNT OF TAX BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH A TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. THE ORGANIZATION HAS EVALUATED THE LIKELIHOOD OF ITS TAX POSITIONS BEING CHALLENGED AS REMOTE. ACCORDINGLY, THE ORGANIZATION HAS NOT INCLUDED ANY INCOME TAX PROVISIONS, INCLUDING INTEREST AND PENALTIES, IN THE FINANCIAL STATEMENTS PRESENTED, RELATED TO POTENTIAL VIOLATIONS OF THEIR TAX EXEMPT STATUS. THE ORGANIZATION HAS NO OPEN YEARS PRIOR TO 2008.
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IRS990ScheduleO/GeneralExplanation/Explanation0UNCOMMON SCHOOLS, INC. ("USI") IS THE SOLE MEMBER OF THIS ORGANIZATION. USI HAS THE RIGHT TO ELECT THE MEMBERS OF THIS ORGANIZATION'S BOARD OF TRUSTEES AND HAS CERTAIN RESERVED POWERS AS DEFINED IN THIS ORGANIZATION'S BYLAWS.
IRS990ScheduleO/GeneralExplanation/Explanation1UNCOMMON SCHOOLS, INC. ("USI") IS THE SOLE MEMBER OF UNCOMMON LENDER, INC. THE ORGANIZATION'S FEDERAL FORM 990 WAS PROVIDED TO THE FINANCE COMMITTEE OF USI FOR REVIEW BY ITS MEMBERS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE ("IRS"). FOLLOWING THIS REVIEW THE FORM 990 WAS ALSO provided TO EACH VOTING MEMBER OF THIS ORGANIZATION'S GOVERNING BODY, ITS BOARD OF TRUSTEES, FOR REVIEW PRIOR TO FILING WITH THE IRS. THE ORGANIZATION'S BOARD OF TRUSTEES HAS DELEGATED TO THE USI FINANCE COMMITTEE THE RESPONSIBILITY TO OVERSEE, REVIEW AND APPROVE OF THE FEDERAL FORM 990, INCLUDING THE PREPARATION, REVIEW AND FILING PROCESS. AS PART OF THE TAX RETURN PREPARATION PROCESS THE ORGANIZATION HIRED A PROFESSIONAL CPA FIRM WITH EXPERIENCE AND EXPERTISE IN NOT-FOR-PROFIT TAX RETURN PREPARATION TO PREPARE THE FEDERAL FORM 990. THE CPA FIRM'S TAX PROFESSIONALS WORKED CLOSELY WITH THE ORGANIZATION'S FINANCE PERSONNEL AND VARIOUS OTHER INDIVIDUALS OF THE ORGANIZATION TO OBTAIN THE INFORMATION NEEDED IN ORDER TO PREPARE A COMPLETE AND ACCURATE TAX RETURN. THE CPA FIRM PREPARED A DRAFT FEDERAL FORM 990 AND FURNISHED IT TO THE ORGANIZATION'S FINANCE PERSONNEL AND OTHER INDIVIDUALS FOR THEIR REVIEW. THE ORGANIZATION'S FINANCE PERSONNEL AND OTHER INDIVIDUALS REVIEWED THE DRAFT FEDERAL FORM 990 AND DISCUSSED QUESTIONS AND COMMENTS WITH THE CPA FIRM. REVISIONS WERE MADE TO THE DRAFT FEDERAL FORM 990 WHERE NECESSARY AND A FINAL DRAFT WAS FURNISHED BY THE CPA FIRM TO THE ORGANIZATION'S FINANCE PERSONNEL AND VARIOUS OTHER INDIVIDUALS FOR FINAL REVIEW AND APPROVAL PRIOR TO PRESENTATION OF THE FEDERAL FORM 990 TO THE MEMBERS OF USI'S FINANCE COMMITTEE. THEREAFTER, THE FORM 990 WAS provided TO EACH VOTING MEMBER OF THE ITS GOVERNING BODY, ITS BOARD OF TRUSTEES, PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/GeneralExplanation/Explanation2UNCOMMON SCHOOLS, INC. ("USI") IS THE SOLE MEMBER OF UNCOMMON LENDER, INC. USI AND THIS ORGANIZATION REGULARLY MONITOR AND ENFORCE COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY. ANNUALLY ALL MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED TO REVIEW THE EXISTING CONFLICT OF INTEREST POLICY AND COMPLETE A QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES ARE RETURNED TO USI'S CHIEF FINANCIAL OFFICER FOR REVIEW. THEREAFTER USI'S CHIEF FINANCIAL OFFICER PREPARES A SUMMARY OF THE COMPLETED QUESTIONNAIRES WHICH CONTAINS INFORMATION DISCLOSED ON AN INDIVIDUAL BY INDIVIDUAL BASIS. USI'S CHIEF FINANCIAL OFFICER THEN PRESENTS THIS SUMMARY TO THE ORGANIZATION'S BOARD OF TRUSTEES FOR ITS REVIEW AND DISCUSSION.
IRS990ScheduleO/GeneralExplanation/Explanation3UNCOMMON SCHOOLS, INC. ("USI") IS THE SOLE MEMBER OF UNCOMMON LENDER, INC. USI'S BOARD OF TRUSTEES HAS A COMPENSATION COMMITTEE ("COMMITTEE"). THE COMMITTEE HAS ADOPTED A WRITTEN EXECUTIVE COMPENSATION PHILOSOPHY WHICH IT FOLLOWS WHEN IT REVIEWS AND APPROVES OF THE COMPENSATION AND BENEFITS OF THE ORGANIZATION'S SENIOR MANAGEMENT, INCLUDING THE CHIEF EXECUTIVE OFFICER. THE COMMITTEE REVIEWS THE "TOTAL COMPENSATION" OF THE INDIVIDUALS WHICH IS INTENDED TO INCLUDE BOTH CURRENT AND DEFERRED COMPENSATION AND ALL EMPLOYEE BENEFITS, BOTH QUALIFIED AND NON-QUALIFIED. THE COMMITTEE'S REVIEW IS DONE ON AT LEAST AN ANNUAL BASIS AND ENSURES THAT THE "TOTAL COMPENSATION" OF SENIOR MANAGEMENT OF THE ORGANIZATION IS REASONABLE. THE ACTIONS TAKEN BY THE COMMITTEE ENABLE THE ORGANIZATION TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS FOR PURPOSES OF INTERNAL REVENUE CODE SECTION 4958 WITH RESPECT TO THE TOTAL COMPENSATION OF CERTAIN MEMBERS OF THE SENIOR MANAGEMENT TEAM, INCLUDING THE CHIEF EXECUTIVE OFFICER. THE THREE FACTORS WHICH MUST BE SATISFIED IN ORDER TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS ARE THE FOLLOWING: 1. THE COMPENSATION ARRANGEMENT IS APPROVED IN ADVANCE BY AN "AUTHORIZED BODY" OF THE APPLICABLE TAX-EXEMPT ORGANIZATION WHICH IS COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A "CONFLICT OF INTEREST" WITH RESPECT TO THE COMPENSATION ARRANGEMENT; 2. THE AUTHORIZED BODY OBTAINED AND RELIED UPON "APPROPRIATE DATA AS TO COMPARABILITY" PRIOR TO MAKING ITS DETERMINATION; AND 3. THE AUTHORIZED BODY "ADEQUATELY DOCUMENTED THE BASIS FOR ITS DETERMINATION" CONCURRENTLY WITH MAKING THAT DETERMINATION. THE COMMITTEE IS COMPRISED OF MEMBERS OF THE BOARD OF TRUSTEES EACH OF WHO ARE INDEPENDENT AND ARE FREE FROM ANY CONFLICTS OF INTEREST. THE COMMITTEE RELIED UPON APPROPRIATE COMPARABLE DATA; SPECIFICALLY THE COMMITTEE UTILIZES INDUSTRY COMPARABLES AND PERFORMS IN-HOUSE STUDIES OF EXECUTIVE COMPENSATION WITH ASSISTANCE FROM NEWSCHOOLS VENTURE FUNDS. THE COMMITTEE ADEQUATELY DOCUMENTED ITS BASIS FOR ITS DETERMINATION THROUGH THE TIMELY PREPARATION OF WRITTEN MINUTES OF THE COMPENSATION COMMITTEE MEETINGS DURING WHICH THE EXECUTIVE COMPENSATION AND BENEFITS WAS REVIEWED AND SUBSEQUENTLY APPROVED. THE ACTIONS OUTLINED ABOVE WITH RESPECT TO THE COMMITTEE AND THE ESTABLISHMENT OF THE REBUTTABLE PRESUMPTION OF REASONABLENESS ONLY APPLIES TO CERTAIN SENIOR MANAGEMENT PERSONNEL, INCLUDING THE CHIEF EXECUTIVE OFFICER.
IRS990ScheduleO/GeneralExplanation/Explanation4THE ORGANIZATION'S FILED CERTIFICATE OF INCORPORATION AND ANY AMENDMENTS CAN BE OBTAINED AND REVIEWED THROUGH THE STATE OF NEW JERSEY department OF TREASURY.
IRS990ScheduleO/GeneralExplanation/Explanation5THE ORGANIZATION IS AN AFFILIATE ENTITY WITHIN UNCOMMON SCHOOLS, INC. ("USI") AND AFFILIATES. CERTAIN BOARD OF TRUSTEE MEMBERS, OFFICERS AND/OR DIRECTORS LISTED ON CORE FORM, PART VII AND SCHEDULE J OF THIS FORM 990 MAY HOLD SIMILAR POSITIONS WITH BOTH THIS ORGANIZATION AND OTHER AFFILIATES. THE HOURS SHOWN ON THIS FORM, 990 FOR BOARD MEMBERS WHO RECEIVE NO COMPENSATION FOR SERVICES RENDERED IN A NON-BOARD CAPACITY, REPRESENT THE ESTIMATED HOURS DEVOTED PER WEEK FOR THIS ORGANIZATION. TO THE EXTENT THESE INDIVIDUALS SERVE AS A MEMBER OF THE BOARD OF TRUSTEES OF OTHER RELATED ORGANIZATIONS, THEIR RESPECTIVE HOURS PER WEEK PER ORGANIZATION ARE APPROXIMATELY ONE HOUR. THE HOURS REFLECTED ON PART VII OF THIS FORM 990, FOR BOARD MEMBERS WHO RECEIVE COMPENSATION FOR SERVICES RENDERED IN A NON-BOARD CAPACITY, PAID OFFICERS AND KEY EMPLOYEES, REFLECT TOTAL HOURS WORKED PER WEEK ON BEHALF OF UNCOMON SCHOOLS, INC. AND AFFILIATES; NOT SOLELY THIS ORGANIZATION.
IRS990ScheduleO/GeneralExplanation/Explanation6THE ORGANIZATION IS AN AFFILIATE WITHIN THE UNCOMMON SCHOOLS, INC. ("USI") AND AFFILIATES. AN INDEPENDENT CPA FIRM AUDITED THE FINANCIAL STATEMENTS OF THE TAXPAYER FOR THE FISCAL YEARS ENDED JUNE 30, 2012 AND JUNE 30, 2011; RESPECTIVELY, AND ISSUED A CONSOLIDATED FINANCIAL STATEMENT WITH CONSOLIDATING SCHEDULES BY ENTITY. AN UNQUALIFIED OPINION WAS ISSUED BY THE INDEPENDENT CPA FIRM EACH YEAR. THE USI BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE TAXPAYER'S FINANCIAL STATEMENTS AND THE SELECTION OF ITS INDEPENDENT AUDITOR.
IRS990ScheduleO/GeneralExplanation/Identifier0DISCLOSURE INFORMATION
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IRS990ScheduleO/GeneralExplanation/Identifier2DISCLOSURE INFORMATION
IRS990ScheduleO/GeneralExplanation/Identifier3DISCLOSURE INFORMATION
IRS990ScheduleO/GeneralExplanation/Identifier4DISCLOSURE INFORMATION
IRS990ScheduleO/GeneralExplanation/Identifier5RELATED HOURS DISCLOSURE
IRS990ScheduleO/GeneralExplanation/Identifier6AUDITED FINANCIAL STATEMENTS
IRS990ScheduleO/GeneralExplanation/ReturnReference0CORE FORM, PART VI, SECTION A; QUESTIONS 6 & 7
IRS990ScheduleO/GeneralExplanation/ReturnReference1CORE FORM, PART VI, SECTION B; QUESTION 11b
IRS990ScheduleO/GeneralExplanation/ReturnReference2CORE FORM, PART VI, SECTION B; QUESTION 12
IRS990ScheduleO/GeneralExplanation/ReturnReference3CORE FORM, PART VI, SECTION B; QUESTION 15
IRS990ScheduleO/GeneralExplanation/ReturnReference4CORE FORM, PART VI, SECTION C; QUESTION 19
IRS990ScheduleO/GeneralExplanation/ReturnReference5CORE FORM, PART VII, SECTION A, COLUMN B
IRS990ScheduleO/GeneralExplanation/ReturnReference6CORE FORM, PART XII; QUESTION 2
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Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$9,955,128
Liabilities
$261,044
Net assets
$9,694,084
Revenue
-
Expenses
$338,412
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$174$135$39.3$12.2$11.5$0.67
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$171$136$35.1$12.1$7.38$4.68
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$161$135$26.0$9.49$7.59$1.89
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$124$100$24.1$8.03$5.47$2.56
2015Detailed filing. Detailed filing data is available for this year.$56.7$39.7$17.0$4.57$3.20$1.37
2014Detailed filing. Detailed filing data is available for this year.$55.5$41.1$14.4$7.35$2.17$5.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.7$6.16$10.5$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.96$0.26$9.69$0.34