Civic Intelligence

Ivy Tech Charter School

990 • Fiscal year 2012 • EIN 27-1558172

Jul 01, 2011 to Jun 30, 2012 • Filed on Nov 26, 2012

6591 Collins Drive No E593021
Siviq Scores

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

Liabilities / Assets

58th percentile

0.20x

Higher debt load relative to assets than 58% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M 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.

Assets

$578,097

No earlier filing loaded for comparison.

Net Assets

$461,649

No earlier filing loaded for comparison.

Liabilities

$116,448

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$585,437

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2012: $578,097Liabilities 2012: $116,448Net Assets 2012: $461,6492012Assets 2015: $867,844Liabilities 2015: $26,883Net Assets 2015: $840,9612015Assets 2016: $984,575Liabilities 2016: $82,477Net Assets 2016: $902,0982016Assets 2017: $943,635Liabilities 2017: $18,528Net Assets 2017: $925,1072017Assets 2018: $1,076,021Liabilities 2018: $74,600Net Assets 2018: $1,001,4212018Assets 2019: $1,504,807Liabilities 2019: $219,501Net Assets 2019: $1,285,3062019Assets 2020: $1,948,345Liabilities 2020: $241,991Net Assets 2020: $1,706,3542020Assets 2021: $2,652,102Liabilities 2021: $245,573Net Assets 2021: $2,406,5292021

Highlighted filing

2012

Assets$578,097
Liabilities$116,448
Net Assets$461,649

Operations Trend

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

$3.0M$2.0M$1.0M$0Expenses 2012: $585,4372012Revenue 2015: $1,160,352Expenses 2015: $1,090,294Net Income 2015: $70,0582015Revenue 2016: $1,258,568Expenses 2016: $1,197,431Net Income 2016: $61,1372016Revenue 2017: $1,333,142Expenses 2017: $1,310,133Net Income 2017: $23,0092017Revenue 2018: $1,403,841Expenses 2018: $1,327,527Net Income 2018: $76,3142018Revenue 2019: $1,665,372Expenses 2019: $1,381,487Net Income 2019: $283,8852019Revenue 2020: $1,950,203Expenses 2020: $1,529,155Net Income 2020: $421,0482020Revenue 2021: $2,332,341Expenses 2021: $1,632,166Net Income 2021: $700,1752021

Highlighted filing

2012

Revenue-
Expenses$585,437
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Nov 26, 2012
Return Version
2011v1.2
Gross Receipts
$1,011,961
Mission and Program Overview

Mission

Ivy tech charter school educates students to have the knowledge, character, and critical skills necessary to explore and contribute to the world in positive ways. Through design thinking strategies, inquiry-based learning, effective communication and inspired collaboration, ivytech graduates move on from their scholastic experience at ivytech charter school with purpose. They go on to cultivate action in the world that sparks both creative investigation and innovation, thereby becoming both global learners and leaders of the 21st century.

Filing and Contact Details

Filer

EIN
27-1558172
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE CHARTER SCHOOL 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 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, AND, ACCORDINGLY, NO ACCOUNTING ADJUSTMENT HAS BEEN MADE TO THE FINANCIAL STATEMENTS.
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IRS990ScheduleE/Form990ScheduleEPartII/Explanation0INTENT TO ENROLL FORM, WEBSITE, ADVERTISING IN NEWSPAPER AND TRADE SHOWS, A CALIFORNIA PUBLIC CHARTER SCHOOL
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IRS990ScheduleO/GeneralExplanation/Explanation0CRAIG LEVY AND ARI SPITZER ARE BROTHER IN LAWS JACKIE GARDNER AND HERB GARDNER ARE SIBLINGS
IRS990ScheduleO/GeneralExplanation/Explanation1A COPY OF THE RETURN WILL BE PROVIDED TO BOARD MEMBERS PRIOR TO FILING
IRS990ScheduleO/GeneralExplanation/Explanation2IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OF DIRECTORS MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS.
IRS990ScheduleO/GeneralExplanation/Explanation3THE PROCESS INCLUDES ALL OF THESE ELEMENTS: 1) REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS, 2) USE OF DATA AS TO COMPARABLE COMPENSATION WITHIN VENTURA/TRI COUNTY; 3)CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING.
IRS990ScheduleO/GeneralExplanation/Explanation4REQUIRED DOCUMENTS ARE AVAILABLE AT THE BUSINESS ADDRESS DURING NORMAL BUSINESS HOURS UPON REQUEST.
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ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02012-11-26
ReturnHeader/Officer/Name0JACQUELINE GARDNER
ReturnHeader/Officer/Phone08052225188
ReturnHeader/Officer/Title0PRINCIPAL
ReturnHeader/PreparerFirm/EIN0952648289
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10VAVRINEKTRINEDAY & CO LLP
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine108270 ASPEN STREET
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0RANCHO CUCAMONGA
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0CA
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode091730
ReturnHeader/Preparer/Name0MATTHEW S MILLER
ReturnHeader/Preparer/Phone09094664410
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02011-07-01
ReturnHeader/TaxPeriodEndDate02012-06-30
ReturnHeader/TaxYear02011
ReturnHeader/Timestamp02012-12-05T11:22:08-06:00

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