Civic Intelligence

Invictus Preparatory Charter School

990 • Fiscal year 2014 • EIN 27-3530972

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 18, 2015

Organization ProfileWWW.INVICTUSPREP.ORG

View Organization Page

370 Fountain Avenue Third Floor11208

(718) 235-1682

Siviq Scores

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

Liabilities / Assets

75th percentile

0.42x

Higher debt load relative to assets than 75% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

50th percentile

0.11x

Higher debt load relative to revenue than 50% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

57th percentile

5.2%

Higher net margin than 57% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

81st percentile

$131,942

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

87th percentile

31%

Faster asset growth than 87% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$1,063,734

Up $251,130 (+31%) from 2013

Net Assets

Up

$619,335

Up $203,765 (+49%) from 2013

Liabilities

Up

$444,399

Up $47,365 (+12%) from 2013

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin57th percentile

Revenue

$3,951,168

No earlier filing loaded for comparison.

Expenses

Up

$3,747,403

Up $747,015 (+25%) from 2013

Net Income

$203,765

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

$1.5M$1.0M$500K$0Assets 2013: $812,604Liabilities 2013: $397,034Net Assets 2013: $415,5702013Assets 2014: $1,063,734Liabilities 2014: $444,399Net Assets 2014: $619,3352014Assets 2015: $1,405,439Liabilities 2015: $318,281Net Assets 2015: $1,087,1582015Assets 2016: $1,431,440Liabilities 2016: $305,610Net Assets 2016: $1,125,8302016Assets 2017: $1,017,603Liabilities 2017: $256,018Net Assets 2017: $761,5852017

Highlighted filing

2014

Assets$1,063,734
Liabilities$444,399
Net Assets$619,335
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2013: $3,000,3882013Revenue 2014: $3,951,168Expenses 2014: $3,747,403Net Income 2014: $203,7652014Revenue 2015: $4,837,680Expenses 2015: $4,369,857Net Income 2015: $467,8232015Revenue 2016: $5,030,452Expenses 2016: $4,991,780Net Income 2016: $38,6722016Revenue 2017: $4,594,168Expenses 2017: $4,958,413Net Income 2017: -$364,2452017

Highlighted filing

2014

Revenue$3,951,168
Expenses$3,747,403
Net Income$203,765
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 18, 2015
Return Version
2013v4.0
Gross Receipts
$3,951,168
Mission and Program Overview

Mission

Invictus preparatory charter school is a free public charter school with a single vision - college success for all students. All of our students will receive the academic and ethical foundation necessary for success at four-year colleges and universities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$434,874$508,814▲ $73,940
Land, Buildings, and Equipment, Net$196,203$257,490▲ $61,287
Prepaid Expenses and Deferred Charges$26,991$108,910▲ $81,919
Pledges and Grants Receivable$76,132$95,816▲ $19,684
Savings and Temporary Cash Investments$75,072$75,160▲ $88
Intangible Assets$3,332$2,174▼ $1,158
Total Assets$812,604$1,063,734▲ $251,130
Other Assets Total$0$15,370▲ $15,370
Liabilities
Accounts Payable and Accrued Expenses$383,609$444,399▲ $60,790
Other Liabilities$13,425$0▼ $13,425
Total Liabilities$397,034$444,399▲ $47,365
Net Assets / Fund Balance
Unrestricted Net Assets$415,570$619,335▲ $203,765
Total Net Assets Fund Balance$415,570$619,335▲ $203,765
Total Liabilities and Net Assets / Fund Balance$812,604$1,063,734▲ $251,130

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$127,682$62,136$189,818
Equipment$116,775$58,242$175,017
Leasehold Improvements$13,033$26,067$39,100
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Clifford ThomasExecutive Director to Oct 2013FT$122,217$9,725$131,942
Alexander MarchukVice Chair/interim Exec Director Nov 2013FT$23,702$2,417$26,119

Board Members and Trustees

NameTitle
Charles GuerreroBoard Chair
Erica AhdootBoard Member
Ka Yee TomBoard Member
Kevin BrownBoard Member
Shelly ClearyBoard Member
Stefan AtkinsonBoard Member
Renee ChungSecretary
Luke JusticeTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Charter School Business ManagementFinancial Consultants-$169,201
Revenue and Support

Revenue Composition

Contributions and Grants
$1,407
Program Service Revenue
$3,949,673
Investment Income
$88
Other Revenue
$0
All Other Contributions
$1,407
Change in Net Assets
$203,765

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,951,168
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,951,168
Total Revenue per Form 990
$3,951,168
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,943,021
Other Expenses$804,382
Total Fundraising Expense$26,902
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,023,755$230,432$12,128$2,266,315
Other Employee Benefits$222,956$24,522$2,029$249,507
Fees for Services Other$53,832$143,515$1,366$198,713
Payroll Taxes$176,432$19,424$1,623$197,479
Current Officers, Directors, Trustees, and Key Employees$152,011$9,134$7,908$169,053
Office Expenses$20,070$85,416$518$106,004
Depreciation Depletion$75,594$8,322$695$84,611
Pension Plan Contributions$54,208$5,964$495$60,667
Information Technology$29,819$19,338$140$49,297
All Other Expenses$21,372$3,634-$25,006
Insurance-$22,009-$22,009
Fees for Services Accounting-$21,106-$21,106
Other Expenses$14,661$1,701-$16,362
Occupancy-$9,649-$9,649
Fees for Services Legal$8,334$926-$9,260
Conferences and Meetings$6,211$78-$6,289
Travel$2,982$356-$3,338
Total Functional Expenses$3,114,975$605,526$26,902$3,747,403

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,747,403
Total Expenses per Audited Statements$3,747,403
Total Expenses per Form 990$3,747,403
Expenses Not Reported on Financial Statements$0
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
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
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, Part VI, Section B, Line 11

“The form 990 is reviewed by management and the finance committee of the board of trustees for approval. If changes are required, the school will then forward these changes to the audit firm and a final version will be distributed to all board members prior to submission to the irs.”

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

“The school shares its conflict of interest policy with board members and officers as part of their regular meetings. Officers, directors, and key employees are expected to declare if at any point a conflict of interest arises.”

Form 990, Part VI, Section B, Line 15

“The board of trustees determines the executive director's salary based on comparable data. Any such decisions will be captured in the board meeting minutes. Any changes to a staff members salary will be approved by the executive director in writing or electronically. A copy of this paperwork will be maintained in the employee's file.”

Form 990, Part VI, Section C, Line 19

“Upon request, the school makes available to the public its governing documents, conflict of interest policy and financial statements.”

Filing and Contact Details

Filer

EIN
27-3530972
Phone
7182351682

Signing Officer

Name
Luke Justice
Title
Treasurer
Phone
7182351682
Signed
2015-02-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Guerrero
Formed
2010
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
47
Volunteers
8

Preparer

Preparer
Marc Taub CPA
Phone
2125761400
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“Process has not changed since the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The school follows the accounting standard for uncertainty in income taxes. The standard prescribes a minimum recognition threshold and measurement methodology that a tax position taken or expected to be taken in a tax return is required to meet before being recognized in the financial statements. It also provides guidance for derecognition, classification, interest and penalties, disclosure and transition. The school files informational returns in the united states federal jurisdiction. With few exceptions, the school is subject to income tax examinations by the internal revenue service for all tax years. The school believes that it has appropriate support for the positions taken on its tax returns. Nonetheless, the amounts ultimately paid, if any, upon resolution of the issues raised by the taxing authorities may differ materially from the amounts accrued for each year. Management believes that its nonprofit status would be sustained upon examination. Should there be interest on underpayments of income tax, the school would classify it as "interest expense." the school would classify penalties in connection with underpayments of tax as "other expense."”

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IRS990/ActivityOrMissionDesc0INVICTUS PREPARATORY CHARTER SCHOOL IS A FREE PUBLIC CHARTER SCHOOL WITH A SINGLE VISION - COLLEGE SUCCESS FOR ALL STUDENTS. ALL OF OUR STUDENTS WILL RECEIVE THE ACADEMIC AND ETHICAL FOUNDATION NECESSARY FOR SUCCESS AT FOUR-YEAR COLLEGES AND UNIVERSITIES.
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IRS990/Desc0GENERAL EDUCATION PROGRAM - INVICTUS PREP BELIEVES THAT IT TAKES A CERTAIN KIND OF ACADEMIC PROGRAM TO MAKE GOOD ON THE PROMISE OF COLLEGE SUCCESS FOR ALL. THESE CORE BELIEFS FRAME THE DECISIONS WE MAKE AS WE WORK TOWARDS THAT GOAL. FIRST, WE EXPECT ALL OF OUR SCHOLARS TO SUCCEED IN THE FOUR CORE ACADEMIC AREAS OF ENGLISH, MATH, SCIENCE, AND SOCIAL STUDIES. HOWEVER, PROFICIENCY IS NOT ENOUGH TO BE CONSIDERED COLLEGE-READY. WE EXPECT EVERY SINGLE ONE OF OUR SCHOLARS TO BECOME MASTERS OF THEIR STUDIES; INVICTUS PREP'S CURRICULUM IS BUILT TO ENSURE A SOUND ACADEMIC FOUNDATION FOR EVENTUAL EXPERTISE IN ALL SUBJECTS. NEXT, LITERACY IS THE ACADEMIC SKILL UPON WHICH ALL LEARNING IS BASED. A STUDENT CANNOT BE CONSIDERED COLLEGE-READY IF THEY CANNOT READ CRITICALLY, WRITE ELOQUENTLY, AND SPEAK FLUENTLY. INVICTUS PREP PROVIDES ITS STUDENTS WITH A MINIMUM OF TWO HOURS OF LITERACY INSTRUCTION DAILY. LASTLY, OUR EDUCATIONAL CURRICULUM IS FULLY ALIGNED TO THE NEW YORK STATE AND CITY PERFORMANCE AND LEARNING STANDARDS.
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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt015370
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02029
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt024522
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0222956
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0249507
IRS990/OtherExpensesGrp/Desc0CLASSROOM SUPPLIES AND
IRS990/OtherExpensesGrp/Desc1RECRUITMENT
IRS990/OtherExpensesGrp/Desc2STUDENT TRANSPORTATION
IRS990/OtherExpensesGrp/Desc3STAFF PROFESSIONAL DEVE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01701
IRS990/OtherExpensesGrp/ProgramServicesAmt0147705
IRS990/OtherExpensesGrp/ProgramServicesAmt179348
IRS990/OtherExpensesGrp/ProgramServicesAmt225685
IRS990/OtherExpensesGrp/ProgramServicesAmt314661
IRS990/OtherExpensesGrp/TotalAmt0147705
IRS990/OtherExpensesGrp/TotalAmt179348
IRS990/OtherExpensesGrp/TotalAmt225685
IRS990/OtherExpensesGrp/TotalAmt316362
IRS990/OtherLiabilitiesGrp/BOYAmt013425
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt012128
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0230432
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02023755
IRS990/OtherSalariesAndWagesGrp/TotalAmt02266315
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01623
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt019424
IRS990/PayrollTaxesGrp/ProgramServicesAmt0176432
IRS990/PayrollTaxesGrp/TotalAmt0197479
IRS990/PensionPlanContributionsGrp/FundraisingAmt0495
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05964
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt054208
IRS990/PensionPlanContributionsGrp/TotalAmt060667
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt076132
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt095816
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt026991
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0108910
IRS990/PrincipalOfficerNm0CHARLES GUERRERO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0PER PUPIL OPERATING RE
IRS990/ProgramServiceRevenueGrp/Desc1FEES FROM GOVERNMENT C
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03617902
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1331771
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03617902
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1331771
IRS990/ProgSrvcAccomActy2Grp/Desc0SPECIAL EDUCATION PROGRAM: AT INVICTUS PREP, SPECIAL EDUCATION STUDENTS BENEFIT FROM THE SAME SUPPORT AS OUR GENERAL EDUCATION POPULATION AND THEY ARE GIVEN ADDITIONAL SUPPORT TO ENSURE HIGH ACADEMIC SUCCESS. OUR STUDENTS BENEFIT FROM CO-TEACHING IN MAINSTREAM ELA AND MATH CLASSES IN ADDITION TO RECEIVING SMALL GROUP MATH AND LITERACY INTERVENTION. EACH GRADE IS ASSIGNED A GUIDANCE COUNSELOR, WHO WORKS WITH STUDENTS IN NEED OF SOCIO-EMOTIONAL SUPPORT. INVICTUS PREP CHARTER SCHOOL IS COMMITTED TO AN INCLUSIVE EDUCATION AND CONTRACTS WITH ANY AGENCIES NECESSARY TO PROVIDE RELATED SERVICES FOR STUDENTS WITH IDENTIFIED NEEDS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0309693
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0400314
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt059
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0416
IRS990/PYOtherExpensesAmt0878245
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03184425
IRS990/PYRevenuesLessExpensesAmt0184512
IRS990/PYSalariesCompEmpBnftPaidAmt02122143
IRS990/PYTotalExpensesAmt03000388
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03184900
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0203765
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03549359
IRS990/SavingsAndTempCashInvstGrp/BOYAmt075072
IRS990/SavingsAndTempCashInvstGrp/EOYAmt075160
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0116775
IRS990ScheduleD/EquipmentGrp/DepreciationAmt058242
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0175017
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03747403
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt013033
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt026067
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt039100
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0127682
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt062136
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0189818
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03951168
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL FOLLOWS THE ACCOUNTING STANDARD FOR UNCERTAINTY IN INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE SCHOOL FILES INFORMATIONAL RETURNS IN THE UNITED STATES FEDERAL JURISDICTION. WITH FEW EXCEPTIONS, THE SCHOOL IS SUBJECT TO INCOME TAX EXAMINATIONS BY THE INTERNAL REVENUE SERVICE FOR ALL TAX YEARS. THE SCHOOL BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS TAX RETURNS. NONETHELESS, THE AMOUNTS ULTIMATELY PAID, IF ANY, UPON RESOLUTION OF THE ISSUES RAISED BY THE TAXING AUTHORITIES MAY DIFFER MATERIALLY FROM THE AMOUNTS ACCRUED FOR EACH YEAR. MANAGEMENT BELIEVES THAT ITS NONPROFIT STATUS WOULD BE SUSTAINED UPON EXAMINATION. SHOULD THERE BE INTEREST ON UNDERPAYMENTS OF INCOME TAX, THE SCHOOL WOULD CLASSIFY IT AS "INTEREST EXPENSE." THE SCHOOL WOULD CLASSIFY PENALTIES IN CONNECTION WITH UNDERPAYMENTS OF TAX AS "OTHER EXPENSE."
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0257490
IRS990ScheduleD/TotalExpensesPerForm990Amt03747403
IRS990ScheduleD/TotalRevenuePerForm990Amt03951168
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03951168
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03747403
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL DECLARES ITS NON-DISCRIMINATION POLICY ON THE SCHOOL'S WEBSITE WHICH IS THE MAIN PORTAL TO ACCESS ITS ENROLLMENT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL IS A FREE PUBLIC SCHOOL AND DOES NOT AWARD SCHOLARSHIPS OR FINANCIAL ASSISTANCE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL RECEIVES GOVERNMENTAL ASSISTANCE FOR ACTIVITIES RELATED TO ITS EXEMPT PURPOSE OF PROVIDING EDUCATIONAL SERVICES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY MANAGEMENT AND THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES FOR APPROVAL. IF CHANGES ARE REQUIRED, THE SCHOOL WILL THEN FORWARD THESE CHANGES TO THE AUDIT FIRM AND A FINAL VERSION WILL BE DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL SHARES ITS CONFLICT OF INTEREST POLICY WITH BOARD MEMBERS AND OFFICERS AS PART OF THEIR REGULAR MEETINGS. OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE EXPECTED TO DECLARE IF AT ANY POINT A CONFLICT OF INTEREST ARISES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF TRUSTEES DETERMINES THE EXECUTIVE DIRECTOR'S SALARY BASED ON COMPARABLE DATA. ANY SUCH DECISIONS WILL BE CAPTURED IN THE BOARD MEETING MINUTES. ANY CHANGES TO A STAFF MEMBERS SALARY WILL BE APPROVED BY THE EXECUTIVE DIRECTOR IN WRITING OR ELECTRONICALLY. A COPY OF THIS PAPERWORK WILL BE MAINTAINED IN THE EMPLOYEE'S FILE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST, THE SCHOOL MAKES AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0812604
IRS990/TotalAssetsEOYAmt01063734
IRS990/TotalAssetsGrp/BOYAmt0812604
IRS990/TotalAssetsGrp/EOYAmt01063734
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01407
IRS990/TotalEmployeeCnt047
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt026902
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0605526
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03114975
IRS990/TotalFunctionalExpensesGrp/TotalAmt03747403
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0397034
IRS990/TotalLiabilitiesEOYAmt0444399
IRS990/TotalLiabilitiesGrp/BOYAmt0397034
IRS990/TotalLiabilitiesGrp/EOYAmt0444399
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0415570
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0619335

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,063,734
Liabilities
$444,399
Net assets
$619,335
Revenue
$3,951,168
Expenses
$3,747,403
Net income
$203,765
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.26$0.76$4.59$4.96$0.36
2016Detailed filing. Detailed filing data is available for this year.$1.43$0.31$1.13$5.03$4.99$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.41$0.32$1.09$4.84$4.37$0.47
2014Detailed filing. Detailed filing data is available for this year.$1.06$0.44$0.62$3.95$3.75$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.40$0.42$3.00