Civic Intelligence

Invictus Preparatory Charter School

990 • Fiscal year 2015 • EIN 27-3530972

Jul 01, 2014 to Jun 30, 2015 • Filed on Mar 04, 2016

Organization ProfileWWW.INVICTUSPREP.ORG

View Organization Page

370 Fountain Avenue Third FloorBrooklyn, NY 11208

(718) 235-1682

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.23x

Higher debt load relative to assets than 63% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

40th percentile

0.07x

Higher debt load relative to revenue than 40% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

67th percentile

9.7%

Higher net margin than 67% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

61st percentile

$83,918

Higher top officer pay than 61% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

87th percentile

32%

Faster asset growth than 87% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

78th percentile

22%

Faster revenue growth than 78% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$1,405,439

Up $341,705 (+32%) from 2014

Net Assets

Up

$1,087,158

Up $467,823 (+76%) from 2014

Liabilities

Down

$318,281

Down $126,118 (-28%) from 2014

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin67th percentile

Revenue

Up

$4,837,680

Up $886,512 (+22%) from 2014

Expenses

Up

$4,369,857

Up $622,454 (+17%) from 2014

Net Income

Up

$467,823

Up $264,058 (+130%) from 2014

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

2015

Assets$1,405,439
Liabilities$318,281
Net Assets$1,087,158
Open 2015 Filing

Operations Trend

Revenue Growth78th percentile

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

2015

Revenue$4,837,680
Expenses$4,369,857
Net Income$467,823
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 4, 2016
Return Version
2014v6.0
Gross Receipts
$4,837,680
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.

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 excellence in high school, college and life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$508,814$912,530▲ $403,716
Land, Buildings, and Equipment, Net$257,490$323,878▲ $66,388
Savings and Temporary Cash Investments$75,160$75,235▲ $75
Pledges and Grants Receivable$95,816$42,992▼ $52,824
Prepaid Expenses and Deferred Charges$108,910$28,948▼ $79,962
Intangible Assets$2,174$6,718▲ $4,544
Total Assets$1,063,734$1,405,439▲ $341,705
Other Assets Total$15,370$15,138▼ $232
Liabilities
Accounts Payable and Accrued Expenses$444,399$318,281▼ $126,118
Total Liabilities$444,399$318,281▼ $126,118
Net Assets / Fund Balance
Unrestricted Net Assets$619,335$1,087,158▲ $467,823
Total Net Assets Fund Balance$619,335$1,087,158▲ $467,823
Total Liabilities and Net Assets / Fund Balance$1,063,734$1,405,439▲ $341,705

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$172,545$99,680$272,225
Other Land Buildings$151,333$112,047$263,380
Leasehold Improvements$0$39,100$39,100
Compensation and Service Providers
Top Officer Pay61st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alexander MarchukInterim Executive Director FromFT$75,457$8,461$83,918
Camille BellExecutive DirectorFT$68,929$2,742$71,671

Board Members and Trustees

NameTitle
Charles GuerreroBoard Chair
Erica AhdootBoard Member
Kevin BrownBoard Member
Shelly ClearyBoard Member
Stefan AtkinsonBoard Member
Renee ChungSecretary
Luke JusticeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$237
Program Service Revenue
$4,837,368
Investment Income
$75
Other Revenue
$0
All Other Contributions
$237
Change in Net Assets
$467,823

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,837,680
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$11,222
Total Revenue per Audited Statements
$4,848,902
Total Revenue per Form 990
$4,837,680
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,367,405
Other Expenses$1,002,452
Total Fundraising Expense$27,115
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,346,681$221,154$11,640$2,579,475
Other Employee Benefits$303,337$27,938$2,370$333,645
Payroll Taxes$214,287$19,715$1,691$235,693
Current Officers, Directors, Trustees, and Key Employees$155,848$9,034$8,140$173,022
Fees for Services Accounting$22,889$126,289$1,689$150,867
Fees for Services Other$79,083$29,284$39$108,406
Depreciation Depletion$97,135$8,937$766$106,838
Other Expenses$57,347$40,841-$98,188
Information Technology$20,234$64,438-$84,672
All Other Expenses$35,936$22,136$127$58,199
Pension Plan Contributions$41,427$3,829$314$45,570
Office Expenses$8,678$29,097$339$38,114
Insurance-$26,041-$26,041
Fees for Services Legal$900$100-$1,000
Total Functional Expenses$3,713,909$628,833$27,115$4,369,857

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,381,079
Expenses per Audited Statements$4,369,857
Total Expenses per Form 990$4,369,857
Expenses Not Reported on Form 990$11,222
Expenses Not Reported on Financial Statements$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

Filer Name
Invictus Preparatory Charter School
EIN
27-3530972
Phone
7182351682
Address
370 FOUNTAIN AVENUE THIRD FLOOR, BROOKLYN, NY 11208

Signing Officer

Name
Luke Justice
Title
Treasurer
Phone
7182351682
Signed
2016-03-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Guerrero
Formed
2010
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
70
Volunteers
7

Preparer

Firm
Mbaf Cpas LLC
Address
440 PARK AVE SOUTH, NEW YORK, NY 10016
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 federal and new york state jurisdictions. With few exceptions, the school is no longer subject to federal, state, or local income tax examinations for fiscal years before 2012. 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 EXCELLENCE IN HIGH SCHOOL, COLLEGE AND LIFE.
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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/OtherExpensesGrp/TotalAmt0119624
IRS990/OtherExpensesGrp/TotalAmt1107814
IRS990/OtherExpensesGrp/TotalAmt2102689
IRS990/OtherExpensesGrp/TotalAmt398188
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt011640
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0221154
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02346681
IRS990/OtherSalariesAndWagesGrp/TotalAmt02579475
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01691
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt019715
IRS990/PayrollTaxesGrp/ProgramServicesAmt0214287
IRS990/PayrollTaxesGrp/TotalAmt0235693
IRS990/PensionPlanContributionsGrp/FundraisingAmt0314
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03829
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt041427
IRS990/PensionPlanContributionsGrp/TotalAmt045570
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt095816
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt042992
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0108910
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt028948
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/RelatedOrExemptFuncIncomeAmt04639815
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1197553
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04639815
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1197553
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/ExpenseAmt0674473
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0506917
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01407
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt088
IRS990/PYOtherExpensesAmt0804382
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03949673
IRS990/PYRevenuesLessExpensesAmt0203765
IRS990/PYSalariesCompEmpBnftPaidAmt02943021
IRS990/PYTotalExpensesAmt03747403
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03951168
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0467823
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04330451
IRS990/SavingsAndTempCashInvstGrp/BOYAmt075160
IRS990/SavingsAndTempCashInvstGrp/EOYAmt075235
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt011222
IRS990ScheduleD/DonatedServicesUseFcltsAmt011222
IRS990ScheduleD/EquipmentGrp/BookValueAmt0172545
IRS990ScheduleD/EquipmentGrp/DepreciationAmt099680
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0272225
IRS990ScheduleD/ExpensesNotReportedAmt011222
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04369857
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt039100
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt039100
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0151333
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0112047
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0263380
IRS990ScheduleD/RevenueNotReportedAmt011222
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04837680
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 FEDERAL AND NEW YORK STATE JURISDICTIONS. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO FEDERAL, STATE, OR LOCAL INCOME TAX EXAMINATIONS FOR FISCAL YEARS BEFORE 2012. 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/TotalBookValueLandBuildingsAmt0323878
IRS990ScheduleD/TotalExpensesPerForm990Amt04369857
IRS990ScheduleD/TotalRevenuePerForm990Amt04837680
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04848902
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04381079
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/TotalAssetsBOYAmt01063734
IRS990/TotalAssetsEOYAmt01405439
IRS990/TotalAssetsGrp/BOYAmt01063734
IRS990/TotalAssetsGrp/EOYAmt01405439
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0237
IRS990/TotalEmployeeCnt070
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt027115
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0628833
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03713909
IRS990/TotalFunctionalExpensesGrp/TotalAmt04369857
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0444399
IRS990/TotalLiabilitiesEOYAmt0318281
IRS990/TotalLiabilitiesGrp/BOYAmt0444399
IRS990/TotalLiabilitiesGrp/EOYAmt0318281
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0619335
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01087158
IRS990/TotalOtherCompensationAmt011203
IRS990/TotalProgramServiceExpensesAmt03713909
IRS990/TotalProgramServiceRevenueAmt04837368
IRS990/TotalReportableCompFromOrgAmt0144386
IRS990/TotalRevenueGrp/ExclusionAmt075
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04837368
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04837680
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01063734
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01405439
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0619335
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01087158
IRS990/UponRequestInd0X

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,405,439
Liabilities
$318,281
Net assets
$1,087,158
Revenue
$4,837,680
Expenses
$4,369,857
Net income
$467,823
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