Civic Intelligence

Mission Preparatory

990 • Fiscal year 2019 • EIN 27-1599804

Jul 01, 2018 to Jun 30, 2019 • Filed on May 15, 2020

1050 York StreetSan Francisco, CA 94110

(415) 508-9626

Siviq Scores

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

Liabilities / Assets

45th percentile

0.06x

Higher debt load relative to assets than 45% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

32nd percentile

0.03x

Higher debt load relative to revenue than 32% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

49th percentile

2.7%

Higher net margin than 49% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

77th percentile

$122,958

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

58th percentile

5.8%

Faster asset growth than 58% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

79th percentile

26%

Faster revenue growth than 79% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$2,537,088

Up $139,270 (+5.8%) from 2018

Net Assets

Up

$2,391,477

Up $130,011 (+5.7%) from 2018

Liabilities

Up

$145,611

Up $9,259 (+6.8%) from 2018

Revenue

Up

$4,774,901

Up $982,825 (+26%) from 2018

Expenses

Up

$4,644,890

Up $927,374 (+25%) from 2018

Net Income

Up

$130,011

Up $55,451 (+74%) from 2018

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

2019

Assets$2,537,088
Liabilities$145,611
Net Assets$2,391,477

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

2019

Revenue$4,774,901
Expenses$4,644,890
Net Income$130,011
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 15, 2020
Return Version
2018v3.2
Gross Receipts
$4,774,901
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$1,437,845$1,381,562▼ $56,283
Accounts Receivable$449,020$643,511▲ $194,491
Savings and Temporary Cash Investments$510,953$512,015▲ $1,062
Total Assets$2,397,818$2,537,088▲ $139,270
Liabilities
Accounts Payable and Accrued Expenses$136,352$145,611▲ $9,259
Total Liabilities$136,352$145,611▲ $9,259
Net Assets / Fund Balance
Unrestricted Net Assets$2,260,808$2,391,477▲ $130,669
Temporarily Rstr Net Assets$658--
Total Net Assets Fund Balance$2,261,466$2,391,477▲ $130,011
Total Liabilities and Net Assets / Fund Balance$2,397,818$2,537,088▲ $139,270
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kristine MacdonaldExecutive DiFT$122,958$122,958

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$4,579,032
Program Service Revenue
$70,547
Investment Income
$1,061
Other Revenue
$124,261
Change in Net Assets
$130,011
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,352,976
Other Expenses$1,291,914
Total Fundraising Expense$5,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,160,874$456,965$5,000$2,622,839
Fees for Services Other$652,309$100,000-$752,309
Other Employee Benefits$457,179$150,000-$607,179
Current Officers, Directors, Trustees, and Key Employees$79,923$43,035-$122,958
Other Expenses$454,378$35,227-$35,227
Total Functional Expenses$3,804,663$835,227$5,000$4,644,890
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$124,261
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Eve$124,261$124,261-$124,261
Total Events$124,261$124,261-$124,261
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
Backup withholding compliance
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
1050 YORK STREET, SAN FRANCISCO, CA 94110
Doing Business As
The Mission Preparatory School

Signing Officer

Name
Kristine Macdonald
Title
Executive Director
Phone
4155089626
Signed
2020-05-15

Organization Details

Principal Officer
David Noyola
Formed
2009
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
61
Volunteers
10

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 652,309 100,000 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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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
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IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/MaintainScholarshipsRecsInd0true
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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/Event1Nm0FUNDRAISING EVE
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0124261
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0124261
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0124261
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0124261
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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 652,309 100,000 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/TotalGrossUBIAmt00
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt070547
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IRS990/TotalVolunteersCnt010
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt02260808
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02391477
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01050 YORK ST
IRS990/USAddress/CityNm0SAN FRANCISCO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094110
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IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.MISSIONPREPARATORY.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KRISTINE MACDONALD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04155089626
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MISSION PREPARATORY
ReturnHeader/Filer/BusinessNameControlTxt0MISS
ReturnHeader/Filer/EIN0271599804
ReturnHeader/Filer/PhoneNum04155089626
ReturnHeader/Filer/USAddress/AddressLine1Txt01050 YORK STREET
ReturnHeader/Filer/USAddress/CityNm0SAN FRANCISCO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId023B7079EFFFDF572C36A835232BF1D90CB72000E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId023B7079EFFFDF572C36A835232BF1D90CB72000E
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt073.202.45.43
ReturnHeader/FilingSecurityInformation/IPDt02020-05-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm009:42:58
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/PreparationDt02020-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHELDON CHAVAN
ReturnHeader/ReturnTs02020-05-15T09:42:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

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