Civic Intelligence

Skema Us Inc.

990 • Fiscal year 2018 • EIN 27-2818359

Sep 01, 2017 to Aug 31, 2018 • Filed on Jul 15, 2019

920 Main Campus DriveRaleigh, NC 27606

(919) 535-5703

Siviq Scores

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

Liabilities / Assets

89th percentile

0.91x

Higher debt load relative to assets than 89% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

82nd percentile

0.57x

Higher debt load relative to revenue than 82% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Net Margin

38th percentile

0.9%

Higher net margin than 38% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Asset Growth

39th percentile

-0.3%

Faster asset growth than 39% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

20th percentile

-8.1%

Faster revenue growth than 20% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$2,600,631

Down $8,504 (-0.3%) from 2017

Net Assets

Up

$226,277

Up $38,105 (+20%) from 2017

Liabilities

Down

$2,374,354

Down $46,609 (-1.9%) from 2017

Revenue

Down

$4,163,168

Down $365,914 (-8.1%) from 2017

Expenses

Down

$4,125,063

Down $352,228 (-7.9%) from 2017

Net Income

Down

$38,105

Down $13,686 (-26%) from 2017

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2011: $3,500,052Liabilities 2011: $3,653,932Net Assets 2011: -$153,8802011Assets 2012: $2,099,775Liabilities 2012: $2,253,017Net Assets 2012: -$153,2422012Assets 2013: $2,344,789Liabilities 2013: $2,493,270Net Assets 2013: -$148,4812013Assets 2014: $3,796,261Liabilities 2014: $3,661,266Net Assets 2014: $134,9952014Assets 2015: $1,789,471Liabilities 2015: $1,631,746Net Assets 2015: $157,7252015Assets 2016: $1,988,845Liabilities 2016: $1,852,464Net Assets 2016: $136,3812016Assets 2017: $2,609,135Liabilities 2017: $2,420,963Net Assets 2017: $188,1722017Assets 2018: $2,600,631Liabilities 2018: $2,374,354Net Assets 2018: $226,2772018Assets 2019: $3,533,259Liabilities 2019: $3,243,616Net Assets 2019: $289,6432019Assets 2020: $3,768,572Liabilities 2020: $3,405,424Net Assets 2020: $363,1482020Assets 2021: $4,455,636Liabilities 2021: $4,018,795Net Assets 2021: $436,8412021Assets 2022: $5,327,647Liabilities 2022: $4,880,492Net Assets 2022: $447,1552022Assets 2023: $10,989,851Liabilities 2023: $10,470,748Net Assets 2023: $519,1032023Assets 2024: $9,316,603Liabilities 2024: $8,664,907Net Assets 2024: $651,6962024Assets 2025: $9,201,180Liabilities 2025: $8,460,520Net Assets 2025: $740,6602025

Highlighted filing

2018

Assets$2,600,631
Liabilities$2,374,354
Net Assets$226,277

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,629,1292011Expenses 2012: $3,191,7042012Expenses 2013: $3,520,7662013Revenue 2014: $3,609,463Expenses 2014: $3,325,987Net Income 2014: $283,4762014Revenue 2015: $4,089,216Expenses 2015: $4,064,397Net Income 2015: $24,8192015Revenue 2016: $4,153,327Expenses 2016: $4,174,671Net Income 2016: -$21,3442016Revenue 2017: $4,529,082Expenses 2017: $4,477,291Net Income 2017: $51,7912017Revenue 2018: $4,163,168Expenses 2018: $4,125,063Net Income 2018: $38,1052018Revenue 2019: $3,987,758Expenses 2019: $3,924,392Net Income 2019: $63,3662019Revenue 2020: $4,973,825Expenses 2020: $4,900,320Net Income 2020: $73,5052020Revenue 2021: $4,986,543Expenses 2021: $4,912,850Net Income 2021: $73,6932021Revenue 2022: $7,226,374Expenses 2022: $7,216,060Net Income 2022: $10,3142022Revenue 2023: $6,923,464Expenses 2023: $6,839,448Net Income 2023: $84,0162023Revenue 2024: $6,475,703Expenses 2024: $6,343,110Net Income 2024: $132,5932024Revenue 2025: $6,141,360Expenses 2025: $6,052,396Net Income 2025: $88,9642025

Highlighted filing

2018

Revenue$4,163,168
Expenses$4,125,063
Net Income$38,105
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Jul 15, 2019
Return Version
2017v2.2
Gross Receipts
$4,163,168
Mission and Program Overview

Mission

Acquire, own, operate, provide, maintain and perpertuate an institution of higher education

Acquire, own, operate, provide, maintain and perpetuate an institution of higher learning

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,017,000$1,017,000→ $0
Accounts Receivable$382,178$687,937▲ $305,759
Land, Buildings, and Equipment, Net$832,564$678,261▼ $154,303
Prepaid Expenses and Deferred Charges$83,653$90,083▲ $6,430
Cash and Non-Interest-Bearing Accounts$205,306$41,566▼ $163,740
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,609,135$2,600,631▼ $8,504
Other Assets Total$88,434$85,784▼ $2,650
Liabilities
Other Liabilities$1,526,588$1,471,424▼ $55,164
Accounts Payable and Accrued Expenses$894,375$902,930▲ $8,555
Total Liabilities$2,420,963$2,374,354▼ $46,609
Net Assets / Fund Balance
Unrestricted Net Assets$188,172$226,277▲ $38,105
Total Net Assets Fund Balance$188,172$226,277▲ $38,105
Total Liabilities and Net Assets / Fund Balance$2,609,135$2,600,631▼ $8,504

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$28,918-
Equipment$459,461$847,124-
Leasehold Improvements$218,800$1,409,654-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Patrick HelsenPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$17,214
Program Service Revenue
$4,145,954
Investment Income
$0
Other Revenue
$0
All Other Contributions
$17,214
Change in Net Assets
$38,105
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,890,876
Salaries, Compensation, and Employee Benefits$1,234,187
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,861,877--$1,861,877
Other Salaries and Wages$1,091,571--$1,091,571
Fees for Services Management$520,764--$520,764
Depreciation Depletion$166,561--$166,561
Payroll Taxes$123,885--$123,885
Travel$109,440--$109,440
Fees for Services Accounting$62,168--$62,168
Interest$60,120--$60,120
Conferences and Meetings$47,399--$47,399
Fees for Services Legal$44,633--$44,633
Pension Plan Contributions$18,731--$18,731
Insurance$17,914--$17,914
Total Functional Expenses$4,125,063$0$0$4,125,063
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Long term debt- Related party$950,000
Deferred rent$378,195
Deferred lease incentive$122,010
Deferred lease incentive LT$21,218
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

The Company has one sole stockholder, its parent Company, Skema BusinessSchool, a French company

Form 990, Part VI, Line 11B: Form 990 Review Process

The organization makes its governing documents, conflict of interest policy and financial statements available at its office in raleigh and can be communicated upon request.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The organization makes its governing documents, conflict of interestpolicy and financial statements available at its office in raleigh andcan be communicated upon request

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization makes its governing documents, conflict of interestpolicy and financial statements available at its office in raleigh andcan be communicated upon request

Filing and Contact Details

Filer

Filer Name
Skema US Inc
EIN
27-2818359
Address
920 Main Campus Drive, Raleigh, NC 27606

Signing Officer

Name
Patrick Helsen
Title
President
Signed
2019-07-15
Discuss with paid preparer
Yes

Organization Details

Formed
2010
Legal Domicile
Nc
Voting Board Members
2
Independent Board Members
1
Employees
0

Preparer

Firm
Barclais CPA LLC
Address
200 Madison Avenue Suite 1901, New York, NY 10016
Preparer
Sidney Barclais
Phone
6463305312
Raw XML Appendix393 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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IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0false
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0SKEMA BUSINESS SCHOOL PUBLICIZED ITS RACIALLYNONDISCRIMINATORY POLICYTHROUGH ITS WEBSITE AND THROUGH ITS ADMISSION AGREEMENT
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1See part II
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Company has one sole stockholder, its parent Company, Skema BusinessSchool, a French company
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE AT ITS OFFICE IN RALEIGH AND CAN BE COMMUNICATED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTERESTPOLICY AND FINANCIAL STATEMENTS AVAILABLE AT ITS OFFICE IN RALEIGH ANDCAN BE COMMUNICATED UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTERESTPOLICY AND FINANCIAL STATEMENTS AVAILABLE AT ITS OFFICE IN RALEIGH ANDCAN BE COMMUNICATED UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Skema Business School
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ForeignAddress/AddressLine1Txt060 rue Dostoievski
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ForeignAddress/CityNm0Sophia Antipolis
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ForeignAddress/CountryCd0FR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ForeignAddress/ForeignPostalCd006902
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileForeignCountryCd0FR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0School
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0EDUCATIONAL
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0true
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0true
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0950000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt14145954
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0book value
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Book value
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Skema Business School
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1Skema Business School
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0d
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1m
IRS990ScheduleR/TransferFromOtherOrgInd0true
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02609135
IRS990/TotalAssetsEOYAmt02600631
IRS990/TotalAssetsGrp/BOYAmt02609135
IRS990/TotalAssetsGrp/EOYAmt02600631
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt017214
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04125063
IRS990/TotalFunctionalExpensesGrp/TotalAmt04125063
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02420963
IRS990/TotalLiabilitiesEOYAmt02374354
IRS990/TotalLiabilitiesGrp/BOYAmt02420963
IRS990/TotalLiabilitiesGrp/EOYAmt02374354
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0188172
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0226277
IRS990/TotalProgramServiceExpensesAmt04125063
IRS990/TotalProgramServiceRevenueAmt04145954
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04145954
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04163168
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02609135
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02600631
IRS990/TravelGrp/ProgramServicesAmt0109440
IRS990/TravelGrp/TotalAmt0109440
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0188172
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0226277
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Patrick Helsen
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Skema US Inc
ReturnHeader/Filer/BusinessNameControlTxt0SKEM
ReturnHeader/Filer/EIN0272818359
ReturnHeader/Filer/USAddress/AddressLine1Txt0920 Main Campus Drive
ReturnHeader/Filer/USAddress/CityNm0Raleigh
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027606
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0542195057
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Barclais CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0200 Madison Avenue Suite 1901
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0New York
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010016
ReturnHeader/PreparerPersonGrp/PhoneNum06463305312
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Sidney Barclais
ReturnHeader/ReturnTs02019-07-15T10:35:54-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-09-01
ReturnHeader/TaxPeriodEndDt02018-08-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$9.20$8.46$0.74$6.14$6.05$0.09
2024Detailed filing. Detailed filing data is available for this year.$9.32$8.66$0.65$6.48$6.34$0.13
2023Detailed filing. Detailed filing data is available for this year.$11.0$10.5$0.52$6.92$6.84$0.08
2022Detailed filing. Detailed filing data is available for this year.$5.33$4.88$0.45$7.23$7.22$0.01
2021Detailed filing. Detailed filing data is available for this year.$4.46$4.02$0.44$4.99$4.91$0.07
2020Detailed filing. Detailed filing data is available for this year.$3.77$3.41$0.36$4.97$4.90$0.07
2019Detailed filing. Detailed filing data is available for this year.$3.53$3.24$0.29$3.99$3.92$0.06
2018Detailed filing. Detailed filing data is available for this year.$2.60$2.37$0.23$4.16$4.13$0.04
2017Detailed filing. Detailed filing data is available for this year.$2.61$2.42$0.19$4.53$4.48$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.99$1.85$0.14$4.15$4.17$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.79$1.63$0.16$4.09$4.06$0.02
2014Detailed filing. Detailed filing data is available for this year.$3.80$3.66$0.13$3.61$3.33$0.28
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.34$2.49$0.15$3.52
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.10$2.25$0.15$3.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.50$3.65$0.15$1.63