Civic Intelligence

Mission Preparatory

990 • Fiscal year 2015 • EIN 27-1599804

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 15, 2016

75 Francis StSan Francisco, CA 94112

(415) 508-9626

Siviq Scores

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

Liabilities / Assets

38th percentile

0.04x

Higher debt load relative to assets than 38% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

27th percentile

0.02x

Higher debt load relative to revenue than 27% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

77th percentile

18%

Higher net margin than 77% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

73rd percentile

$110,000

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

89th percentile

42%

Faster asset growth than 89% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

83rd percentile

31%

Faster revenue growth than 83% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,305,781

Up $383,890 (+42%) from 2014

Net Assets

Up

$1,249,902

Up $398,928 (+47%) from 2014

Liabilities

Down

$55,879

Down $15,038 (-21%) from 2014

Revenue

Up

$2,263,320

Up $535,120 (+31%) from 2014

Expenses

Up

$1,864,392

Up $432,282 (+30%) from 2014

Net Income

Up

$398,928

Up $102,838 (+35%) from 2014

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $391,624Liabilities 2011: $0Net Assets 2011: $391,6242011Assets 2012: $401,761Liabilities 2012: $9,171Net Assets 2012: $392,5902012Assets 2013: $573,694Liabilities 2013: $18,810Net Assets 2013: $554,8842013Assets 2014: $921,891Liabilities 2014: $70,917Net Assets 2014: $850,9742014Assets 2015: $1,305,781Liabilities 2015: $55,879Net Assets 2015: $1,249,9022015Assets 2016: $2,055,750Liabilities 2016: $73,769Net Assets 2016: $1,981,9812016Assets 2018: $2,397,818Liabilities 2018: $136,352Net Assets 2018: $2,261,4662018Assets 2019: $2,537,088Liabilities 2019: $145,611Net Assets 2019: $2,391,4772019Assets 2020: $1,913,882Liabilities 2020: $65,826Net Assets 2020: $1,848,0562020Assets 2021: $2,673,362Liabilities 2021: $1,326,211Net Assets 2021: $1,347,1512021Assets 2022: $3,723,038Liabilities 2022: $1,170,737Net Assets 2022: $2,552,3012022

Highlighted filing

2015

Assets$1,305,781
Liabilities$55,879
Net Assets$1,249,902

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2011: $86,8002011Expenses 2012: $620,9132012Expenses 2013: $1,043,1062013Revenue 2014: $1,728,200Expenses 2014: $1,432,110Net Income 2014: $296,0902014Revenue 2015: $2,263,320Expenses 2015: $1,864,392Net Income 2015: $398,9282015Revenue 2016: $3,049,185Expenses 2016: $2,317,106Net Income 2016: $732,0792016Revenue 2018: $3,792,076Expenses 2018: $3,717,516Net Income 2018: $74,5602018Revenue 2019: $4,774,901Expenses 2019: $4,644,890Net Income 2019: $130,0112019Revenue 2020: $5,345,509Expenses 2020: $5,888,930Net Income 2020: -$543,4212020Revenue 2021: $5,637,024Expenses 2021: $6,137,929Net Income 2021: -$500,9052021Revenue 2022: $8,281,328Expenses 2022: $7,076,178Net Income 2022: $1,205,1502022

Highlighted filing

2015

Revenue$2,263,320
Expenses$1,864,392
Net Income$398,928
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 15, 2016
Return Version
2014v6.0
Gross Receipts
$2,272,470
Mission and Program Overview

Mission

The mission preparatory school equips kindergarten to eighth grade students with the knowledge, skills, and strength of character needed to succeed in college and serve as leaders in their communities. The mission preparatory school opened in august 2011 with 50 kindergarten students. Each subsequent year, we will enroll a new cohort of 50 kindergarteners. We will work to ensure the school merits charter renewal and continue expanding to serve grades kindergarten through eight. At full capacity, mission prep will serve a maximum of 450 students in grades k-8.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$415,856$811,291▲ $395,435
Savings and Temporary Cash Investments$259,433$259,638▲ $205
Accounts Receivable$246,602$234,852▼ $11,750
Total Assets$921,891$1,305,781▲ $383,890
Liabilities
Accounts Payable and Accrued Expenses$70,917$55,879▼ $15,038
Total Liabilities$70,917$55,879▼ $15,038
Net Assets / Fund Balance
Unrestricted Net Assets$786,294$1,202,320▲ $416,026
Temporarily Rstr Net Assets$64,680$47,582▼ $17,098
Total Net Assets Fund Balance$850,974$1,249,902▲ $398,928
Total Liabilities and Net Assets / Fund Balance$921,891$1,305,781▲ $383,890
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jane HenzerlingHead of SchoFT$110,000$110,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,154,685
Program Service Revenue
$46,043
Investment Income
$205
Other Revenue
$62,387
All Other Contributions
$215,128
Change in Net Assets
$398,928
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,299,961
Other Expenses$564,431
Total Fundraising Expense$19,600
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$844,788$81,955$17,500$944,243
Fees for Services Other$321,881$8,900-$330,781
Other Employee Benefits$222,047$21,571$2,100$245,718
Current Officers, Directors, Trustees, and Key Employees$71,500$38,500-$110,000
Other Expenses$215,020$15,230-$15,230
Total Functional Expenses$1,675,236$169,556$19,600$1,864,392
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$70,179
Fundraising Direct Expenses$9,150
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Eve$70,179$70,179-$70,179
Total Events$70,179$70,179$9,150$61,029
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
Yes
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
Yes
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

Individual board members were able to review the 990 and compare it to the organization's financial statements and accounting reports.

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

Individual board members report and the full board discusses any potential conflicts of interest if/when they arise.

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

The process to determine the compensation of the organization's chief employed executive includes all of these elements: (1) review and approval by the board of directors or compensation committee of the organization; (2) use of data as to comparable compensation; and (3) contemporaneous documentation and recordkeeping. The process was last undertaken in may 2012: 1) review and approval. The compensation of the person is reviewed and approved by the board of directors or compensation committee of the organization, provided that persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in this review and approval. 2) use of data as to comparable compensation. The compensation of the person is reviewed and approved using data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. 3) contemporaneous documentation and recordkeeping. There is contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement.

Form 990, Page 6, Part VI, Line 19

These documents are available on the organization's website and on request.

Filing and Contact Details

Filer

Filer Name
Mission Preparatory
EIN
27-1599804
Phone
4155089626
Address
75 FRANCIS ST, SAN FRANCISCO, CA 94112
Doing Business As
The Mission Preparatory School

Signing Officer

Name
David Noyola
Title
Chair
Phone
4155089626
Signed
2016-02-15

Organization Details

Principal Officer
David Noyola
Formed
2009
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
27
Volunteers
5

Preparer

Firm
Chavan & Associates Llp
Address
1475 SARATOGA AVE SUITE 180, SAN JOSE, CA 95129-4951
Preparer
Sheldon Chavan
Phone
4082178749
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission preparatory school equips kindergarten to eighth grade students with the knowledge, skills, and strength of character needed to succeed in college and serve as leaders in their communities. The mission preparatory school opened in august 2011 with 50 kindergarten students. Each subsequent year, we will enroll a new cohort of 50 kindergarteners. We will work to ensure the school merits charter renewal and continue expanding to serve grades kindergarten through eight. At full capacity, mission prep will serve a maximum of 450 students in grades k-8.

Form 990, Part IX, Line 11G

Professional services 321,881 8,900 0

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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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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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/ExplanationTxt0ENROLLMENT INFORMATION ON OUR WEBSITE AND IN ENROLLMENT BROCHURES INCLUDES OUR NON-DISCRIMINATION POLICY.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1MISSION PREPARATORY IS A PUBLIC CHARTER SCHOOL AND AS SUCH IS ELIGIBLE FOR STATE AND FEDERAL EDUCATION FUNDING.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt09150
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRAISING EVE
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt09150
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt09150
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt070179
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt070179
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt070179
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt070179
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt061029
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION PREPARATORY SCHOOL EQUIPS KINDERGARTEN TO EIGHTH GRADE STUDENTS WITH THE KNOWLEDGE, SKILLS, AND STRENGTH OF CHARACTER NEEDED TO SUCCEED IN COLLEGE AND SERVE AS LEADERS IN THEIR COMMUNITIES. THE MISSION PREPARATORY SCHOOL OPENED IN AUGUST 2011 WITH 50 KINDERGARTEN STUDENTS. EACH SUBSEQUENT YEAR, WE WILL ENROLL A NEW COHORT OF 50 KINDERGARTENERS. WE WILL WORK TO ENSURE THE SCHOOL MERITS CHARTER RENEWAL AND CONTINUE EXPANDING TO SERVE GRADES KINDERGARTEN THROUGH EIGHT. AT FULL CAPACITY, MISSION PREP WILL SERVE A MAXIMUM OF 450 STUDENTS IN GRADES K-8.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INDIVIDUAL BOARD MEMBERS WERE ABLE TO REVIEW THE 990 AND COMPARE IT TO THE ORGANIZATION'S FINANCIAL STATEMENTS AND ACCOUNTING REPORTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INDIVIDUAL BOARD MEMBERS REPORT AND THE FULL BOARD DISCUSSES ANY POTENTIAL CONFLICTS OF INTEREST IF/WHEN THEY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS TO DETERMINE THE COMPENSATION OF THE ORGANIZATION'S CHIEF EMPLOYED EXECUTIVE INCLUDES ALL OF THESE ELEMENTS: (1) REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS OR COMPENSATION COMMITTEE OF THE ORGANIZATION; (2) USE OF DATA AS TO COMPARABLE COMPENSATION; AND (3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. THE PROCESS WAS LAST UNDERTAKEN IN MAY 2012: 1) REVIEW AND APPROVAL. THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS OR COMPENSATION COMMITTEE OF THE ORGANIZATION, PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. 2) USE OF DATA AS TO COMPARABLE COMPENSATION. THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. 3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THESE DOCUMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND ON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROFESSIONAL SERVICES 321,881 8,900 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt047582
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0921891
IRS990/TotalAssetsEOYAmt01305781
IRS990/TotalAssetsGrp/BOYAmt0921891
IRS990/TotalAssetsGrp/EOYAmt01305781
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02154685
IRS990/TotalEmployeeCnt027
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt019600
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0169556
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01675236
IRS990/TotalFunctionalExpensesGrp/TotalAmt01864392
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt070917
IRS990/TotalLiabilitiesEOYAmt055879
IRS990/TotalLiabilitiesGrp/BOYAmt070917
IRS990/TotalLiabilitiesGrp/EOYAmt055879
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0850974
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01249902
IRS990/TotalProgramServiceExpensesAmt01675236
IRS990/TotalProgramServiceRevenueAmt046043
IRS990/TotalReportableCompFromOrgAmt0110000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt047606
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02263320
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0921891
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01305781
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0786294
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01202320
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt075 FRANCIS ST
IRS990/USAddress/CityNm0SAN FRANCISCO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094112
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.MISSIONPREPARATORY.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID NOYOLA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum04155089626
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MISSION PREPARATORY
ReturnHeader/Filer/BusinessNameControlTxt0MISS
ReturnHeader/Filer/EIN0271599804
ReturnHeader/Filer/PhoneNum04155089626
ReturnHeader/Filer/USAddress/AddressLine1Txt075 FRANCIS ST
ReturnHeader/Filer/USAddress/CityNm0SAN FRANCISCO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094112
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0270630496
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHAVAN & ASSOCIATES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01475 SARATOGA AVE SUITE 180
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN JOSE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0951294951
ReturnHeader/PreparerPersonGrp/PhoneNum04082178749
ReturnHeader/PreparerPersonGrp/PreparationDt02016-02-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHELDON CHAVAN
ReturnHeader/ReturnTs02016-02-09T16:49:18-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

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