Civic Intelligence

Arco Iris Spanish Immersion Charter School

990 • Fiscal year 2021 • EIN 27-0728766

Jul 01, 2020 to Jun 30, 2021 • Filed on Sep 15, 2021

Organization ProfileARCOIRISSCHOOL.ORG
8205 SW Creekside PlaceBeaverton, OR 97008

(503) 372-6052

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.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

92nd percentile

3.24x

Higher debt load relative to revenue than 92% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

37th percentile

6.1%

Higher net margin than 37% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

48th percentile

$165,826

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

33rd percentile

3.7%

Faster asset growth than 33% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

69th percentile

29%

Faster revenue growth than 69% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$14,073,689

Up $498,789 (+3.7%) from 2020

Net Assets

Up

-$585,720

Up $276,565 (+32%) from 2020

Liabilities

Up

$14,659,409

Up $222,224 (+1.5%) from 2020

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin37th percentile

Revenue

Up

$4,520,387

Up $1,027,722 (+29%) from 2020

Expenses

Up

$4,243,822

Up $258,320 (+6.5%) from 2020

Net Income

Up

$276,565

Up $769,402 (+156%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2012: $243,434Liabilities 2012: $52,593Net Assets 2012: $190,8412012Assets 2014: $360,600Liabilities 2014: $58,909Net Assets 2014: $301,6912014Assets 2015: $708,023Liabilities 2015: $374,100Net Assets 2015: $333,9232015Assets 2016: $761,206Liabilities 2016: $713,886Net Assets 2016: $47,3202016Assets 2017: $1,548,965Liabilities 2017: $1,335,475Net Assets 2017: $213,4902017Assets 2018: $2,135,404Liabilities 2018: $1,603,050Net Assets 2018: $532,3542018Assets 2019: $13,972,254Liabilities 2019: $14,322,416Net Assets 2019: -$350,1622019Assets 2020: $13,574,900Liabilities 2020: $14,437,185Net Assets 2020: -$862,2852020Assets 2021: $14,073,689Liabilities 2021: $14,659,409Net Assets 2021: -$585,7202021Assets 2022: $14,070,081Liabilities 2022: $14,913,102Net Assets 2022: -$843,0212022Assets 2023: $14,540,793Liabilities 2023: $14,712,494Net Assets 2023: -$171,7012023Assets 2024: $14,575,546Liabilities 2024: $14,523,453Net Assets 2024: $52,0932024Assets 2025: $14,549,258Liabilities 2025: $14,324,070Net Assets 2025: $225,1882025

Highlighted filing

2021

Assets$14,073,689
Liabilities$14,659,409
Net Assets-$585,720
Open 2021 Filing

Operations Trend

Revenue Growth69th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $646,7332012Revenue 2014: $1,301,147Expenses 2014: $1,264,530Net Income 2014: $36,6172014Revenue 2015: $1,666,193Expenses 2015: $1,227,777Net Income 2015: $438,4162015Revenue 2016: $1,761,485Expenses 2016: $2,048,088Net Income 2016: -$286,6032016Revenue 2017: $2,054,303Expenses 2017: $1,888,132Net Income 2017: $166,1712017Revenue 2018: $2,539,107Expenses 2018: $2,220,243Net Income 2018: $318,8642018Revenue 2019: $2,868,855Expenses 2019: $3,751,371Net Income 2019: -$882,5162019Revenue 2020: $3,492,665Expenses 2020: $3,985,502Net Income 2020: -$492,8372020Revenue 2021: $4,520,387Expenses 2021: $4,243,822Net Income 2021: $276,5652021Revenue 2022: $4,139,400Expenses 2022: $4,384,900Net Income 2022: -$245,5002022Revenue 2023: $4,715,071Expenses 2023: $4,870,544Net Income 2023: -$155,4732023Revenue 2024: $5,241,235Expenses 2024: $5,017,441Net Income 2024: $223,7942024Revenue 2025: $5,390,333Expenses 2025: $5,217,238Net Income 2025: $173,0952025

Highlighted filing

2021

Revenue$4,520,387
Expenses$4,243,822
Net Income$276,565
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Sep 15, 2021
Return Version
2020v4.0
Gross Receipts
$4,539,375
Mission and Program Overview

Mission

To offer a solid education that includes spanish immersion and a rigorous mathematical curriculum that will prepare students to be responsible citizens and lifelong learners with strong values.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,959,699$9,769,413▼ $190,286
Savings and Temporary Cash Investments$2,498,834$2,504,294▲ $5,460
Cash and Non-Interest-Bearing Accounts$132,618$383,716▲ $251,098
Accounts Receivable$1,226$82,285▲ $81,059
Prepaid Expenses and Deferred Charges$2,518$5,041▲ $2,523
Total Assets$13,574,900$14,073,689▲ $498,789
Other Assets Total$980,005$1,328,940▲ $348,935
Liabilities
Tax Exempt Bond Liabilities$11,495,000$11,495,000→ $0
Other Liabilities$2,032,479$2,681,141▲ $648,662
Unsecured Notes Loans Payable$427,512--
Mortgage Notes Payable Secured by Investment Property$365,000$300,000▼ $65,000
Accounts Payable and Accrued Expenses$117,194$183,268▲ $66,074
Total Liabilities$14,437,185$14,659,409▲ $222,224
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,007,748$1,079,007▲ $71,259
Net Assets Without Donor Restrictions$-1,870,033$-1,664,727▲ $205,306
Total Net Assets Fund Balance$-862,285$-585,720▲ $276,565
Total Liabilities and Net Assets / Fund Balance$13,574,900$14,073,689▲ $498,789

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,195,296$501,753-
Land$1,250,000--
Equipment$324,117$163,786-
Other Assets Org$1,328,940--
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michelle HerronPrincipalFT$115,290$50,536$165,826

Board Members and Trustees

NameTitle
Christa BillingsPresident
Erin HatchMember
Leah AndersonMember
Mario BarronMember
Sarah ZephirinMember
Tessa MccoyMember
Sara MarxSecretary
Shagun TrivediTreasurer
Sarita StevensVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$4,424,494
Program Service Revenue
$111,895
Investment Income
$2,986
Other Revenue
$-18,988
All Other Contributions
$74,473
Change in Net Assets
$276,565

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,520,387
Total Revenue per Audited Statements
$4,520,387
Total Revenue per Form 990
$4,520,387
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,632,519
Other Expenses$1,583,053
Grants and Similar Amounts Paid$28,250
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,241,486$142,639-$1,384,125
Pension Plan Contributions$620,566$157,221-$777,787
Interest$743,976--$743,976
Depreciation Depletion$274,323$31,000-$305,323
Other Employee Benefits$191,124$24,194-$215,318
Payroll Taxes$116,687$23,312-$139,999
Occupancy-$123,150-$123,150
Current Officers, Directors, Trustees, and Key Employees-$115,290-$115,290
Fees for Services Accounting-$61,456-$61,456
Information Technology-$56,652-$56,652
All Other Expenses$3,624$42,161-$45,785
Other Expenses$37,771$15,067-$37,771
Grants to Domestic Orgs$28,250--$28,250
Insurance-$26,318-$26,318
Fees for Services Legal-$3,948-$3,948
Advertising-$1,174-$1,174
Travel-$483-$483
Total Functional Expenses$3,380,594$863,228$0$4,243,822

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,243,822
Total Expenses per Audited Statements$4,243,822
Total Expenses per Form 990$4,243,822
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Higher Education Coord CommissionSalem, ORGovScholarship$20,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$18,988
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$69,943-$5,792-
Fun Run$36,512-$9,696-
Total Events$106,455-$18,988$-18,988
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$2,511,664
Pers Deferred Inflows$169,477

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACharter School Revenue Bonds 20182018-07-31$11,735,000To make a loan to the charter school. The proceeds of the loan are used to pay or reimburse the capi

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
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, Page 6, Part VI, Line 11B

“Form 990 governing body review. The initial 990 draft is prepared by the bookkeeper and external cpa. It is then submitted to the board finance committee for review and comment. If there are no changes, the finance committee submits the 990 to the full board with a recommendation for approval. The board then discusses and votes on the approval of the 990. Once approved, it is deliver to the irs through the cpa.”

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

“Conflict of interest policy. The board engages in an annual update of conflict of interest reporting for its members, with the understanding that any mid-year changes also be reported by affected members. The forms are reviewed by the entire board or the board officer corp for potential issues. Any issues would be brought up with the relevant member, with agreement reached on abstention or resignation as appropriate and depending on the significance of the conflict. The forms are open for review by all board members and officers.”

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

“Principal and key employee compensation review. The principal's compensation is determined by members of the board who are defined as independent, in consultation with the school's human resource consultant. The board reviews comparable data from recional public and charter schools. Other key employee compensation is reviewed using similar data sources, as appropriate to the position, with the involvement of the principal, human resource consultant, and the board dinance committee.”

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

“Principal and key employee compensation review. The principal's compensation is determined by members of the board who are defined as independent, in consultation with the school's human resource consultant. The board reviews comparable data from regional public and charter schools. Other key employee compensation is reviewed using simular data sources, as appropriate to the position, with the involvement of the principal, human resource consultant, and the board finance committee.”

Form 990, Page 6, Part VI, Line 19

“Documents available upon request.”

Filing and Contact Details

Filer

Filer Name
Arco Iris Spanish Immersion Charter
EIN
27-0728766
Phone
5033726052
Address
8205 SW CREEKSIDE PLACE, BEAVERTON, OR 97008

Signing Officer

Name
Christa Billings
Title
President
Phone
5033726052
Signed
2021-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christa Billings
Formed
2009
Legal Domicile
Or
Voting Board Members
8
Independent Board Members
8
Employees
41
Volunteers
75

Preparer

Firm
Jarrard Seibert Pollard & Co LLC
Address
1800 BLANKENSHIP RD SUITE 450, WEST LINN, OR 97068-4191
Preparer
William N Lisac
Phone
5037237600
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“SCHOLARSHIPS”

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IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO OFFER A SOLID EDUCATION THAT INCLUDES SPANISH IMMERSION AND A RIGOROUS MATHEMATICAL CURRICULUM THAT WILL PREPARE STUDENTS TO BE RESPONSIBLE CITIZENS AND LIFELONG LEARNERS WITH STRONG VALUES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0365000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0300000
IRS990/NetAssetsOrFundBalancesBOYAmt0-862285
IRS990/NetAssetsOrFundBalancesEOYAmt0-585720
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-18988
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1870033
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1664727
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IRS990/OccupancyGrp/TotalAmt0123150
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IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt024194
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0191124
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0215318
IRS990/OtherExpensesGrp/Desc0TEXTBOOKS/CURRICULUM
IRS990/OtherExpensesGrp/Desc1SUPPLIES & MATERIALS
IRS990/OtherExpensesGrp/Desc2CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc3NUTRITION SERVICES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt115067
IRS990/OtherExpensesGrp/ProgramServicesAmt083925
IRS990/OtherExpensesGrp/ProgramServicesAmt110607
IRS990/OtherExpensesGrp/ProgramServicesAmt228255
IRS990/OtherExpensesGrp/ProgramServicesAmt337771
IRS990/OtherExpensesGrp/TotalAmt083925
IRS990/OtherExpensesGrp/TotalAmt149770
IRS990/OtherExpensesGrp/TotalAmt243322
IRS990/OtherExpensesGrp/TotalAmt337771
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IRS990/OtherLiabilitiesGrp/EOYAmt02681141
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0142639
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IRS990/OtherSalariesAndWagesGrp/TotalAmt01384125
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt023312
IRS990/PayrollTaxesGrp/ProgramServicesAmt0116687
IRS990/PayrollTaxesGrp/TotalAmt0139999
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0157221
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0620566
IRS990/PensionPlanContributionsGrp/TotalAmt0777787
IRS990/PoliticalCampaignActyInd0false
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05041
IRS990/PrincipalOfficerNm0CHRISTA BILLINGS
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/BusinessCd1722514
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT FEES
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt096550
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt115345
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt096550
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt115345
IRS990/ProgSrvcAccomActy2Grp/Desc0FOOD SERVICES
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt037771
IRS990/ProgSrvcAccomActyOtherGrp/Desc0SCHOLARSHIPS
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt028250
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt028250
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03258497
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt05185
IRS990/PYOtherExpensesAmt01634133
IRS990/PYOtherRevenueAmt0-5838
IRS990/PYProgramServiceRevenueAmt0234821
IRS990/PYRevenuesLessExpensesAmt0-492837
IRS990/PYSalariesCompEmpBnftPaidAmt02351369
IRS990/PYTotalExpensesAmt03985502
IRS990/PYTotalRevenueAmt03492665
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0276565
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02498834
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02504294
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt08195296
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0501753
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt08697049
IRS990ScheduleD/EquipmentGrp/BookValueAmt0324117
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0163786
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0487903
IRS990ScheduleD/ExpensesSubtotalAmt04243822
IRS990ScheduleD/LandGrp/BookValueAmt01250000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt01250000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01328940
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PERS - DEFERRED OUTFLOWS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02511664
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1169477
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PERS DEFERRED INFLOWS
IRS990ScheduleD/RevenueSubtotalAmt04520387
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09769413
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01328940
IRS990ScheduleD/TotalExpensesPerForm990Amt04243822
IRS990ScheduleD/TotalLiabilityAmt02681141
IRS990ScheduleD/TotalRevenuePerForm990Amt04520387
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04520387
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04243822
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL INCLUDES A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY TOWARDS STUDENTS IN ALL DOCUMENTED AND CIRCULATED SOLICITATIONS FOR REGISTRATION.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVED ASSISTANCE FROM THE STATE DEPARTMENT OF EDUCATION. THE SCHOOL RECEIVED RELIEF OF DEBT - PPP LOAN FORGIVENESS - RECORDED AS GRANT INCOME.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0106455
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt069943
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt036512
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt018988
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0FUN RUN
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt069943
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt036512
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0106455
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-18988
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt015488
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05792
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt09696
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt03500
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt03500
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt020000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIP
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0HIGHER EDUCATION COORD COMMISSION
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03225 25TH STREET SE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SALEM
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OR
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd097302
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ONCE THE FUNDS ARE GRANTED TO THE OREGON HIGHER EDUCATION COORDINATING COMMISSION, THE SCHOOL RELIES ON THE ESTABLISHED GUIDELINES OF THE COMMISSION TO SCREEN, REVIEW AND AWARD SCHOLARSHIPS TO QUALIFYING STUDENTS WHICH THEY ARE FORMALLY STRUCTURED AND CHARTERED TO DO.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt06802
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MICHELLE HERRON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRINCIPAL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0165826
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0true
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0CHARTER SCHOOL REVENUE BONDS, 2018 A TO MAKE A LOAN TO THE CHARTER SCHOOL. THE PROCEEDS OF THE LOAN ARE USED TO PAY OR REIMBURSE THE CAPITALIZEDABLE COSTS OF AQUISITION, CONSTRUCTION, IMPROVEMENT, AND INSTALLATION OF THE BORROWER'S EDUCATION FACILITIES, TO FUND THE DEBT SERVICE RESERVE FUND FOR THE BONDS, TO FUND INTEREST ON THE BONDS, AND TO PAY COSTS OF ISSUANCE OF THE BONDS.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0PURPOSE OF ISSUE DESCRIPTION
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,073,689
Liabilities
$14,659,409
Net assets
-$585,720
Revenue
$4,520,387
Expenses
$4,243,822
Net income
$276,565
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$14.5$14.3$0.23$5.39$5.22$0.17
2024Detailed filing. Detailed filing data is available for this year.$14.6$14.5$0.05$5.24$5.02$0.22
2023Detailed filing. Detailed filing data is available for this year.$14.5$14.7$0.17$4.72$4.87$0.16
2022Detailed filing. Detailed filing data is available for this year.$14.1$14.9$0.84$4.14$4.38$0.25
2021Detailed filing. Detailed filing data is available for this year.$14.1$14.7$0.59$4.52$4.24$0.28
2020Detailed filing. Detailed filing data is available for this year.$13.6$14.4$0.86$3.49$3.99$0.49
2019Detailed filing. Detailed filing data is available for this year.$14.0$14.3$0.35$2.87$3.75$0.88
2018Detailed filing. Detailed filing data is available for this year.$2.14$1.60$0.53$2.54$2.22$0.32
2017Detailed filing. Detailed filing data is available for this year.$1.55$1.34$0.21$2.05$1.89$0.17
2016Detailed filing. Detailed filing data is available for this year.$0.76$0.71$0.05$1.76$2.05$0.29
2015Detailed filing. Detailed filing data is available for this year.$0.71$0.37$0.33$1.67$1.23$0.44
2014Detailed filing. Detailed filing data is available for this year.$0.36$0.06$0.30$1.30$1.26$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.05$0.19$0.65