Civic Intelligence

Flex Schools

990 • Fiscal year 2015 • EIN 27-2201515

Jul 01, 2014 to Jun 30, 2015 • Filed on Mar 22, 2016

Organization ProfileWWW.K12.COM/SFFLEX
50 Moreland RoadSimi Valley, CA 93065

(805) 581-0202

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.00x

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.23x

Higher debt load relative to revenue than 55% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

41st percentile

0.5%

Higher net margin than 41% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

2nd percentile

-32%

Faster asset growth than 2% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

70th percentile

12%

Faster revenue growth than 70% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$1,616,975

Down $763,885 (-32%) from 2014

Net Assets

Flat

$0

Flat from 2014

Liabilities

Down

$1,616,975

Down $763,885 (-32%) from 2014

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin41st percentile

Revenue

Up

$6,902,127

Up $752,876 (+12%) from 2014

Expenses

Up

$6,870,571

Up $721,320 (+12%) from 2014

Net Income

Up

$31,556

Up $31,556 from 2014

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2013: $2,397,695Liabilities 2013: $2,397,695Net Assets 2013: $02013Assets 2014: $2,380,860Liabilities 2014: $2,380,860Net Assets 2014: $02014Assets 2015: $1,616,975Liabilities 2015: $1,616,975Net Assets 2015: $02015Assets 2016: $1,176,608Liabilities 2016: $3,289,626Net Assets 2016: -$2,113,0182016

Highlighted filing

2015

Assets$1,616,975
Liabilities$1,616,975
Net Assets$0
Open 2015 Filing

Operations Trend

Revenue Growth70th percentile

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

$10M$5.0M$0-$5.0MExpenses 2013: $5,930,1142013Revenue 2014: $6,149,251Expenses 2014: $6,149,251Net Income 2014: $02014Revenue 2015: $6,902,127Expenses 2015: $6,870,571Net Income 2015: $31,5562015Revenue 2016: $2,768,437Expenses 2016: $4,881,455Net Income 2016: -$2,113,0182016

Highlighted filing

2015

Revenue$6,902,127
Expenses$6,870,571
Net Income$31,556
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 22, 2016
Return Version
2014v6.0
Gross Receipts
$6,902,127
Mission and Program Overview

Mission

Flex schools is a full-time, tuition-free public charter school serving students in grades 9-12 from anywhere in the bay area.

To provide tuition-free virtual education through technology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$840,092$799,777▼ $40,315
Pledges and Grants Receivable$287,452$551,144▲ $263,692
Cash and Non-Interest-Bearing Accounts$962,318$173,442▼ $788,876
Prepaid Expenses and Deferred Charges$109,989$69,087▼ $40,902
Total Assets$2,380,860$1,616,975▼ $763,885
Other Assets Total$181,009$23,525▼ $157,484
Liabilities
Deferred Revenue$1,149,863$965,856▼ $184,007
Accounts Payable and Accrued Expenses$171,361$620,280▲ $448,919
Other Liabilities$1,059,636$30,839▼ $1,028,797
Total Liabilities$2,380,860$1,616,975▼ $763,885
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$2,380,860$1,616,975▼ $763,885

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$414,939$612,819$1,027,758
Leasehold Improvements$384,838$454,753$839,591
Other Land Buildings$0$33,750$33,750
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Mark KuhsnerPresident
Andrew GordonBoard Member
Nancy DotyBoard Member
Catherine WalcottSecretary
Steve HendersonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,324,576
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$3,577,551
Change in Net Assets
$31,556

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,324,576
Revenue Not Reported on Financial Statements
$3,577,551
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$3,577,551
Total Revenue per Audited Statements
$3,324,576
Total Revenue per Form 990
$6,902,127
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,558,399
Salaries, Compensation, and Employee Benefits$2,312,172
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,872,475--$1,872,475
Information Technology$1,083,854$95,379-$1,179,233
Occupancy$894,480$47,078-$941,558
Fees for Services Management-$496,240-$496,240
Depreciation Depletion$308,539--$308,539
Fees for Services Legal-$307,761-$307,761
Other Employee Benefits$194,457--$194,457
Office Expenses-$177,067-$177,067
Payroll Taxes$154,479--$154,479
Pension Plan Contributions$90,761--$90,761
Fees for Services Accounting-$52,600-$52,600
Insurance$39,276$2,067-$41,343
Fees for Services Other$10,101$19,754-$29,855
Other Expenses$53,044$28,185-$28,185
Travel-$13,953-$13,953
Conferences and Meetings-$6,014-$6,014
Total Functional Expenses$5,596,665$1,273,906$0$6,870,571

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,870,571
Expenses Not Reported on Financial Statements$3,545,995
Other Expense Adjustments$3,545,995
Expenses per Audited Statements$3,324,576
Total Expenses per Audited Statements$3,324,576
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Federal Government$30,839
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization has chosen k12 inc. (k12) as its primary curriculum provider. K12 also provides the organization's management and technology services while the organization employs and manages the administrators, teachers and other personnel. K12 provides its services under the direction of the board of directors.”

Form 990, Part VI, Section B, Line 11

“The form 990 is given to all board members for commenting and approval prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Annual questionnaires are given to all board members for signing. The questionnaires are reviewed by the finance director. If a conflict of interest arises with a board member, then the board member must resign from their position.”

Form 990, Part VI, Section B, Line 15

“None of the officers are compensated by the organization. Additionally, the organization does not have any key employees. Therefore, the organization does not have a compensation determination policy or procedure.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Flex Schools (dba Flex Public Schools)
EIN
27-2201515
Phone
8055810202
Address
50 MORELAND ROAD, SIMI VALLEY, CA 93065
Doing Business As
Flex Public Schools

Signing Officer

Name
Andrew Gordon
Title
Board Member
Phone
8055810202
Signed
2016-03-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Kushner
Formed
2009
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
52
Volunteers
5

Preparer

Firm
Green Hasson & Janks Llp
Address
10990 WILSHIRE BLVD 16TH FLOOR, LOS ANGELES, CA 90024-3929
Preparer
Lauren a Haverlock
Phone
3108731600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Bad debt expense -31,556.”

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Balanced budget credits 3,577,551.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Balanced budget credits 3,577,551. Bad debt -31,556.”

Raw XML Appendix395 raw XML fields

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/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0414939
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0612819
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01027758
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt03545995
IRS990ScheduleD/ExpensesSubtotalAmt03324576
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0384838
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0454753
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0839591
IRS990ScheduleD/OtherExpensesNotIncludedAmt03545995
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt033750
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt033750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt030839
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO FEDERAL GOVERNMENT
IRS990ScheduleD/OtherRevenuesNotIncludedAmt03577551
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt03577551
IRS990ScheduleD/RevenueSubtotalAmt03324576
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BALANCED BUDGET CREDITS 3,577,551.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1BALANCED BUDGET CREDITS 3,577,551. BAD DEBT -31,556.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0799777
IRS990ScheduleD/TotalExpensesPerForm990Amt06870571
IRS990ScheduleD/TotalLiabilityAmt030839
IRS990ScheduleD/TotalRevenuePerForm990Amt06902127
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03324576
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03324576
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS CHOSEN K12 INC. (K12) AS ITS PRIMARY CURRICULUM PROVIDER. K12 ALSO PROVIDES THE ORGANIZATION'S MANAGEMENT AND TECHNOLOGY SERVICES WHILE THE ORGANIZATION EMPLOYS AND MANAGES THE ADMINISTRATORS, TEACHERS AND OTHER PERSONNEL. K12 PROVIDES ITS SERVICES UNDER THE DIRECTION OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS GIVEN TO ALL BOARD MEMBERS FOR COMMENTING AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL QUESTIONNAIRES ARE GIVEN TO ALL BOARD MEMBERS FOR SIGNING. THE QUESTIONNAIRES ARE REVIEWED BY THE FINANCE DIRECTOR. IF A CONFLICT OF INTEREST ARISES WITH A BOARD MEMBER, THEN THE BOARD MEMBER MUST RESIGN FROM THEIR POSITION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NONE OF THE OFFICERS ARE COMPENSATED BY THE ORGANIZATION. ADDITIONALLY, THE ORGANIZATION DOES NOT HAVE ANY KEY EMPLOYEES. THEREFORE, THE ORGANIZATION DOES NOT HAVE A COMPENSATION DETERMINATION POLICY OR PROCEDURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BAD DEBT EXPENSE -31,556.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02380860
IRS990/TotalAssetsEOYAmt01616975
IRS990/TotalAssetsGrp/BOYAmt02380860
IRS990/TotalAssetsGrp/EOYAmt01616975
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03324576
IRS990/TotalEmployeeCnt052
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01273906
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05596665
IRS990/TotalFunctionalExpensesGrp/TotalAmt06870571
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02380860
IRS990/TotalLiabilitiesEOYAmt01616975
IRS990/TotalLiabilitiesGrp/BOYAmt02380860
IRS990/TotalLiabilitiesGrp/EOYAmt01616975
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt05596665
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03577551
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06902127
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02380860
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01616975
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt013953
IRS990/TravelGrp/TotalAmt013953
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt050 MORELAND ROAD
IRS990/USAddress/CityNm0SIMI VALLEY
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd093065
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.K12.COM/SFFLEX
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ANDREW GORDON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD MEMBER
ReturnHeader/BusinessOfficerGrp/PhoneNum08055810202
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-03-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FLEX SCHOOLS (DBA FLEX PUBLIC SCHOOLS)
ReturnHeader/Filer/BusinessNameControlTxt0FLEX
ReturnHeader/Filer/EIN0272201515
ReturnHeader/Filer/PhoneNum08055810202
ReturnHeader/Filer/USAddress/AddressLine1Txt050 MORELAND ROAD
ReturnHeader/Filer/USAddress/CityNm0SIMI VALLEY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd093065
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0951777440
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GREEN HASSON & JANKS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010990 WILSHIRE BLVD 16TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOS ANGELES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0900243929
ReturnHeader/PreparerPersonGrp/PhoneNum03108731600
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAUREN A HAVERLOCK
ReturnHeader/ReturnTs02016-08-10T14:44:08-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,616,975
Liabilities
$1,616,975
Net assets
$0
Revenue
$6,902,127
Expenses
$6,870,571
Net income
$31,556
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$1.18$3.29$2.11$2.77$4.88$2.11
2015Detailed filing. Detailed filing data is available for this year.$1.62$1.62$0.00$6.90$6.87$0.03
2014Detailed filing. Detailed filing data is available for this year.$2.38$2.38$0.00$6.15$6.15$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.40$2.40$0.00$5.93