Civic Intelligence

Galapagos Rockford Charter School Nfp Inc.

990 • Fiscal year 2017 • EIN 26-4524285

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 07, 2017

2605 School StRockford, IL 61101

(815) 708-7946

Siviq Scores

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

Liabilities / Assets

77th percentile

0.44x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

79th percentile

0.55x

Higher debt load relative to revenue than 79% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

65th percentile

9.6%

Higher net margin than 65% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

76th percentile

$117,774

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

68th percentile

10%

Faster asset growth than 68% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

64th percentile

12%

Faster revenue growth than 64% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$4,892,832

Up $450,245 (+10%) from 2016

Net Assets

Up

$2,754,089

Up $373,205 (+16%) from 2016

Liabilities

Up

$2,138,743

Up $77,040 (+3.7%) from 2016

Revenue

Up

$3,874,530

Up $405,602 (+12%) from 2016

Expenses

Up

$3,501,792

Up $490,076 (+16%) from 2016

Net Income

Down

$372,738

Down $84,474 (-18%) from 2016

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2013: $2,114,264Liabilities 2013: $148,592Net Assets 2013: $1,965,6722013Assets 2015: $2,457,522Liabilities 2015: $533,850Net Assets 2015: $1,923,6722015Assets 2016: $4,442,587Liabilities 2016: $2,061,703Net Assets 2016: $2,380,8842016Assets 2017: $4,892,832Liabilities 2017: $2,138,743Net Assets 2017: $2,754,0892017Assets 2018: $5,038,606Liabilities 2018: $1,994,482Net Assets 2018: $3,044,1242018Assets 2019: $4,797,955Liabilities 2019: $1,873,792Net Assets 2019: $2,924,1632019Assets 2020: $5,766,754Liabilities 2020: $2,497,285Net Assets 2020: $3,269,4692020Assets 2021: $7,353,854Liabilities 2021: $2,204,335Net Assets 2021: $5,149,5192021Assets 2022: $7,843,216Liabilities 2022: $1,761,000Net Assets 2022: $6,082,2162022Assets 2023: $8,194,905Liabilities 2023: $1,565,060Net Assets 2023: $6,629,8452023Assets 2024: $9,230,554Liabilities 2024: $1,430,276Net Assets 2024: $7,800,2782024Assets 2025: $8,953,266Liabilities 2025: $1,264,295Net Assets 2025: $7,688,9712025

Highlighted filing

2017

Assets$4,892,832
Liabilities$2,138,743
Net Assets$2,754,089

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2013: $2,129,0072013Revenue 2015: $3,090,220Expenses 2015: $2,984,576Net Income 2015: $105,6442015Revenue 2016: $3,468,928Expenses 2016: $3,011,716Net Income 2016: $457,2122016Revenue 2017: $3,874,530Expenses 2017: $3,501,792Net Income 2017: $372,7382017Revenue 2018: $4,121,618Expenses 2018: $3,836,784Net Income 2018: $284,8342018Revenue 2019: $3,824,450Expenses 2019: $3,856,053Net Income 2019: -$31,6032019Revenue 2020: $4,497,450Expenses 2020: $4,137,936Net Income 2020: $359,5142020Revenue 2021: $5,915,456Expenses 2021: $4,151,195Net Income 2021: $1,764,2612021Revenue 2022: $6,282,246Expenses 2022: $5,186,057Net Income 2022: $1,096,1892022Revenue 2023: $6,553,542Expenses 2023: $6,101,916Net Income 2023: $451,6262023Revenue 2024: $7,382,043Expenses 2024: $6,292,018Net Income 2024: $1,090,0252024Revenue 2025: $6,805,247Expenses 2025: $6,938,651Net Income 2025: -$133,4042025

Highlighted filing

2017

Revenue$3,874,530
Expenses$3,501,792
Net Income$372,738
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 7, 2017
Return Version
2016v3.0
Gross Receipts
$3,874,530
Mission and Program Overview

Mission

Providing underserved children with education and skills to develop core knowledge and higher order thinking.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,936,780$3,070,652▲ $133,872
Savings and Temporary Cash Investments$1,302,386$1,512,302▲ $209,916
Pledges and Grants Receivable$202,729$255,131▲ $52,402
Investments in Publicly Traded Securities-$23,148-
Prepaid Expenses and Deferred Charges$692$692→ $0
Total Assets$4,442,587$4,892,832▲ $450,245
Other Assets Total-$30,907-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,912,085$1,829,037▼ $83,048
Accounts Payable and Accrued Expenses$149,618$309,706▲ $160,088
Total Liabilities$2,061,703$2,138,743▲ $77,040
Net Assets / Fund Balance
Unrestricted Net Assets$2,380,884$2,754,089▲ $373,205
Total Net Assets Fund Balance$2,380,884$2,754,089▲ $373,205
Total Liabilities and Net Assets / Fund Balance$4,442,587$4,892,832▲ $450,245

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,483,171$187,106$2,670,277
Buildings$424,609$46,252$470,861
Equipment$101,007$156,619$257,626
Land$60,000-$60,000
Other Land Buildings$1,865$39,442$41,307
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Stephanie BartellCheif Academ-$117,774$117,774
Michael LaneCEOFT$115,564$115,564

Board Members and Trustees

NameTitle
Dr Jon LippitzChairman Bod
Anne Thompson KellyBoard Member
David TaberBoard Member
Jeff OrdunoBoard Member
Joshua BinningBoard Member
Rebecca DenzerBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Gprmet Gorilla INCFood Service1074 W TAYLOR ST BOX 126, Chicago, IL 60607$263,686
Advantage Cleaning & MaintenanceCleaning & Main1000 W 15TH ST UNIT 326, Chicago, IL 60608$112,804
Revenue and Support

Revenue Composition

Contributions and Grants
$3,832,038
Program Service Revenue
$41,291
Investment Income
$1,201
Other Revenue
$0
All Other Contributions
$72,003
Change in Net Assets
$372,738

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,874,530
Revenue Not Reported on Form 990
$467
Total Revenue per Audited Statements
$3,874,997
Total Revenue per Form 990
$3,874,530
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,001,611
Other Expenses$1,500,181
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,014,220$393,664-$1,407,884
Occupancy$290,103--$290,103
Other Employee Benefits$223,470$30,047-$253,517
Current Officers, Directors, Trustees, and Key Employees-$233,338-$233,338
Other Expenses$201,131--$201,131
Depreciation Depletion$109,027$300-$109,327
Interest-$100,439-$100,439
Payroll Taxes$28,962$32,408-$61,370
Pension Plan Contributions$45,502--$45,502
Fees for Services Accounting-$15,816-$15,816
Fees for Services Legal-$1,597-$1,597
Total Functional Expenses$2,694,183$807,609$0$3,501,792

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,501,792
Total Expenses per Audited Statements$3,501,792
Total Expenses per Form 990$3,501,792
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
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
No
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, Page 6, Part VI, Line 11B

The return is reviewed in detail by the ceo before filing. The board of directors is supplied copies of the return to review after filing.

Form 990, Page 6, Part VI, Line 19

All documents are made available upon request to the board of directors.

Filing and Contact Details

Filer

Filer Name
Galapagos Rockford Charter
EIN
26-4524285
Phone
8157087946
Address
2605 SCHOOL ST, ROCKFORD, IL 61101

Signing Officer

Name
Michael Lane
Title
CEO
Phone
8157087946
Signed
2017-12-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Lane
Formed
2009
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
6
Employees
56

Preparer

Firm
Grieco Kurtzke & Adelman LLC
Address
2860 RIVER RD STE350, DES PLAINES, IL 60018
Preparer
Ann C Adelman
Phone
8476350793
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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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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0INFORMATION CONTAINED ON WEBSITE, APPLICATIONS & BROCHURES
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1NO SCHOLARSHIPS OR FINANCIAL ASSISTANCE ARE AWARDED
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE MAJORITY OF THE SCHOOLS FUNDING IS RECEIVED THROUGH ROCKFORD SCHOOL DISTRICT 205, WITH ADDITIONAL FUNDING FROM STATE AND FEDERAL AGENCIES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, LINE 6
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN IS REVIEWED IN DETAIL BY THE CEO BEFORE FILING. THE BOARD OF DIRECTORS IS SUPPLIED COPIES OF THE RETURN TO REVIEW AFTER FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DOCUMENTS ARE MADE AVAILABLE UPON REQUEST TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0GALAPAGOS CHARTER SCHOOL NFP INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0201908088
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IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.GALAPAGOSROCKFORD.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL LANE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08157087946
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-12-07

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