Civic Intelligence

Credo High School

990 • Fiscal year 2020 • EIN 27-3252061

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2020

1300 Valley House Drive Suite 100Rohnert Park, CA 94928

(707) 664-0600

Siviq Scores

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

Liabilities / Assets

90th percentile

0.90x

Higher debt load relative to assets than 90% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

86th percentile

1.53x

Higher debt load relative to revenue than 86% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

28th percentile

-3.8%

Higher net margin than 28% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

34th percentile

$85,357

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

43rd percentile

3.9%

Faster asset growth than 43% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

57th percentile

5.1%

Faster revenue growth than 57% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$8,289,906

Up $307,959 (+3.9%) from 2019

Net Assets

Down

$788,063

Down $186,731 (-19%) from 2019

Liabilities

Up

$7,501,843

Up $494,690 (+7.1%) from 2019

Revenue

Up

$4,898,885

Up $236,816 (+5.1%) from 2019

Expenses

Up

$5,085,616

Up $191,273 (+3.9%) from 2019

Net Income

Up

-$186,731

Up $45,543 (+20%) from 2019

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2011: $87,633Liabilities 2011: $87,633Net Assets 2011: $02011Assets 2012: $243,321Liabilities 2012: $475,745Net Assets 2012: -$232,4242012Assets 2013: $294,318Liabilities 2013: $549,346Net Assets 2013: -$255,0282013Assets 2014: $211,837Liabilities 2014: $372,244Net Assets 2014: -$160,4072014Assets 2015: $169,066Liabilities 2015: $184,343Net Assets 2015: -$15,2772015Assets 2016: $359,075Liabilities 2016: $62,892Net Assets 2016: $296,1832016Assets 2017: $1,298,676Liabilities 2017: $499,031Net Assets 2017: $799,6452017Assets 2018: $4,578,376Liabilities 2018: $3,371,308Net Assets 2018: $1,207,0682018Assets 2019: $7,981,947Liabilities 2019: $7,007,153Net Assets 2019: $974,7942019Assets 2020: $8,289,906Liabilities 2020: $7,501,843Net Assets 2020: $788,0632020Assets 2021: $8,157,377Liabilities 2021: $7,629,726Net Assets 2021: $527,6512021Assets 2022: $8,122,699Liabilities 2022: $7,110,983Net Assets 2022: $1,011,7162022Assets 2023: $9,824,204Liabilities 2023: $9,230,458Net Assets 2023: $593,7462023Assets 2024: $8,450,276Liabilities 2024: $8,649,903Net Assets 2024: -$199,6272024

Highlighted filing

2020

Assets$8,289,906
Liabilities$7,501,843
Net Assets$788,063

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $87,537Expenses 2011: $87,537Net Income 2011: $02011Expenses 2012: $918,4022012Expenses 2013: $785,1162013Revenue 2014: $1,033,196Expenses 2014: $938,575Net Income 2014: $94,6212014Revenue 2015: $1,265,712Expenses 2015: $1,120,582Net Income 2015: $145,1302015Revenue 2016: $1,946,103Expenses 2016: $1,634,643Net Income 2016: $311,4602016Revenue 2017: $3,128,107Expenses 2017: $2,624,645Net Income 2017: $503,4622017Revenue 2018: $4,786,498Expenses 2018: $4,379,075Net Income 2018: $407,4232018Revenue 2019: $4,662,069Expenses 2019: $4,894,343Net Income 2019: -$232,2742019Revenue 2020: $4,898,885Expenses 2020: $5,085,616Net Income 2020: -$186,7312020Revenue 2021: $5,261,600Expenses 2021: $4,887,274Net Income 2021: $374,3262021Revenue 2022: $6,556,582Expenses 2022: $6,014,939Net Income 2022: $541,6432022Revenue 2023: $6,921,089Expenses 2023: $7,295,656Net Income 2023: -$374,5672023Revenue 2024: $7,166,446Expenses 2024: $7,959,819Net Income 2024: -$793,3732024

Highlighted filing

2020

Revenue$4,898,885
Expenses$5,085,616
Net Income-$186,731
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2020
Return Version
2019v5.0
Gross Receipts
$4,898,885
Mission and Program Overview

Mission

Credo high school is a tuition-free, college prep public charter school in rohnert park, california, inspired by waldorf education and serving students in ninth through twelfth grades. Credo offers a rigorous academic curriculum that exceeds university of california (a-g) admission requirements and includes a full complement of specialty subjects, including foreign languages (spanish, mandarin), visual arts (painting, drawing, printmaking, sculpture, photography), practical arts (media arts, blacksmithing, woodworking, bookbinding, ceramics) theater, music (choir, american music, orchestra) movement, dance and physical education, and biodynamic gardening and farming.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,833,001$6,007,782▲ $1,174,781
Cash and Non-Interest-Bearing Accounts$611,175$729,864▲ $118,689
Savings and Temporary Cash Investments$2,232,058$692,316▼ $1,539,742
Accounts Receivable$234,833$687,967▲ $453,134
Prepaid Expenses and Deferred Charges$35,880$136,977▲ $101,097
Total Assets$7,981,947$8,289,906▲ $307,959
Other Assets Total$35,000$35,000→ $0
Liabilities
Unsecured Notes Loans Payable$6,629,472$7,166,460▲ $536,988
Accounts Payable and Accrued Expenses$377,681$335,383▼ $42,298
Total Liabilities$7,007,153$7,501,843▲ $494,690
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$834,176$781,898▼ $52,278
Net Assets With Donor Restrictions$140,618$6,165▼ $134,453
Total Net Assets Fund Balance$974,794$788,063▼ $186,731
Total Liabilities and Net Assets / Fund Balance$7,981,947$8,289,906▲ $307,959

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$5,953,191$469,309$6,422,500
Equipment$54,591$10,664$65,255
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Andrea AkmenkalnsExecutive DiFT$85,357$85,357

Board Members and Trustees

NameTitle
Paul BensonPresident
Ben SmithSecretary
Michael ReillyTreasurer
Kathia LaszloVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$4,886,099
Program Service Revenue
$0
Investment Income
$12,786
Other Revenue
$0
All Other Contributions
$808,334
Change in Net Assets
$-186,731

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,898,885
Total Revenue per Audited Statements
$4,898,885
Total Revenue per Form 990
$4,898,885
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,312,658
Other Expenses$1,772,958
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,928,381$483,483-$2,411,864
Other Employee Benefits$549,072$192,352-$741,424
Interest-$447,044-$447,044
Depreciation Depletion-$220,609-$220,609
Other Expenses$150,371$22,820-$173,191
Current Officers, Directors, Trustees, and Key Employees-$85,357-$85,357
Comp Disqual Persons-$74,013-$74,013
Total Functional Expenses$3,228,697$1,856,919$0$5,085,616

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,085,616
Total Expenses per Audited Statements$5,085,616
Total Expenses per Form 990$5,085,616
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
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 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
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

The 990 is reviewed by the treasurer, the secretary and the business manager prior to filing.

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

The conflicts of interest policy is reviewed annually.

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

Compensation is reviewed and approved by the board.

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

Compensation is reviewed and approved by the board.

Form 990, Page 6, Part VI, Line 19

Government documents are made available to the public through the organizations website and/or upon request.

Filing and Contact Details

Filer

Filer Name
Credo High School
EIN
27-3252061
Phone
7076640600
Address
1300 VALLEY HOUSE DRIVE SUITE 100, ROHNERT PARK, CA 94928

Signing Officer

Name
Andrea Akmenkalns
Title
Executive Director
Phone
7076640600
Signed
2020-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrea Akmenkalns
Formed
2011
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
118

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

Credo high school is a tuition-free, college prep public charter school in rohnert park, california, inspired by waldorf education and serving students in ninth through twelfth grades. Credo offers a rigorous academic curriculum that exceeds university of california (a-g) admission requirements and includes a full complement of specialty subjects, including foreign languages (spanish, mandarin), visual arts (painting, drawing, printmaking, sculpture, photography), practical arts (media arts, blacksmithing, woodworking, bookbinding, ceramics) theater, music (choir, american music, orchestra) movement, dance and physical education, and biodynamic gardening and farming.

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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/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/ExplanationTxt0THE NONDISCRIMINATORY POLICY IS INCLUDED IN THE SCHOOLS WEBSITE AND PROVIDED TO PARENTS DURING REGISTRATION AND ORENTATION. THE SCHOOL'S WEB ADDRESS IS INCLUDED IN ALL BROCHURES, CATALOGS AND OTHER WRITTEN COMMUNICATION THAT GOES OUT THE COMMUNITY.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE CHARTER SCHOOL RECEIVES STATE FUNDING.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CREDO HIGH SCHOOL IS A TUITION-FREE, COLLEGE PREP PUBLIC CHARTER SCHOOL IN ROHNERT PARK, CALIFORNIA, INSPIRED BY WALDORF EDUCATION AND SERVING STUDENTS IN NINTH THROUGH TWELFTH GRADES. CREDO OFFERS A RIGOROUS ACADEMIC CURRICULUM THAT EXCEEDS UNIVERSITY OF CALIFORNIA (A-G) ADMISSION REQUIREMENTS AND INCLUDES A FULL COMPLEMENT OF SPECIALTY SUBJECTS, INCLUDING FOREIGN LANGUAGES (SPANISH, MANDARIN), VISUAL ARTS (PAINTING, DRAWING, PRINTMAKING, SCULPTURE, PHOTOGRAPHY), PRACTICAL ARTS (MEDIA ARTS, BLACKSMITHING, WOODWORKING, BOOKBINDING, CERAMICS) THEATER, MUSIC (CHOIR, AMERICAN MUSIC, ORCHESTRA) MOVEMENT, DANCE AND PHYSICAL EDUCATION, AND BIODYNAMIC GARDENING AND FARMING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED BY THE TREASURER, THE SECRETARY AND THE BUSINESS MANAGER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICTS OF INTEREST POLICY IS REVIEWED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNMENT DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC THROUGH THE ORGANIZATIONS WEBSITE AND/OR UPON REQUEST.
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 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07981947
IRS990/TotalAssetsEOYAmt08289906
IRS990/TotalAssetsGrp/BOYAmt07981947
IRS990/TotalAssetsGrp/EOYAmt08289906
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt04886099
IRS990/TotalEmployeeCnt0118
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01856919
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03228697
IRS990/TotalFunctionalExpensesGrp/TotalAmt05085616
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07007153
IRS990/TotalLiabilitiesEOYAmt07501843
IRS990/TotalLiabilitiesGrp/BOYAmt07007153
IRS990/TotalLiabilitiesGrp/EOYAmt07501843
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0974794
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0788063
IRS990/TotalProgramServiceExpensesAmt03228697
IRS990/TotalReportableCompFromOrgAmt085357
IRS990/TotalRevenueGrp/ExclusionAmt012786
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04898885
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07981947
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08289906
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt06629472
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt07166460
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01290 SOUTHWEST BLVD
IRS990/USAddress/CityNm0ROHNERT PARK
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094928
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.CREDOHIGH.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANDREA AKMENKALNS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07076640600
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CREDO HIGH SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0CRED
ReturnHeader/Filer/EIN0273252061
ReturnHeader/Filer/PhoneNum07076640600
ReturnHeader/Filer/USAddress/AddressLine1Txt01300 VALLEY HOUSE DRIVE SUITE 100
ReturnHeader/Filer/USAddress/CityNm0ROHNERT PARK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094928
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/PreparationDt02021-05-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHELDON CHAVAN
ReturnHeader/ReturnTs02021-05-16T08:56:42-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.45$8.65$0.20$7.17$7.96$0.79
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.82$9.23$0.59$6.92$7.30$0.37
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.12$7.11$1.01$6.56$6.01$0.54
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.16$7.63$0.53$5.26$4.89$0.37
2020Detailed filing. Detailed filing data is available for this year.$8.29$7.50$0.79$4.90$5.09$0.19
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.98$7.01$0.97$4.66$4.89$0.23
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.58$3.37$1.21$4.79$4.38$0.41
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.30$0.50$0.80$3.13$2.62$0.50
2016Detailed filing. Detailed filing data is available for this year.$0.36$0.06$0.30$1.95$1.63$0.31
2015Detailed filing. Detailed filing data is available for this year.$0.17$0.18$0.02$1.27$1.12$0.15
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.37$0.16$1.03$0.94$0.09
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.29$0.55$0.26$0.79
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.24$0.48$0.23$0.92
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.09$0.00$0.09$0.09$0.00