Civic Intelligence

Tahoe Expedition Academy Inc.

990 • Fiscal year 2017 • EIN 27-5379571

Jul 01, 2016 to Jun 30, 2017 • Filed on Aug 24, 2018

PO Box 1272Kings Beach, CA 96143

(530) 546-5253

Siviq Scores

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

Liabilities / Assets

91st percentile

0.96x

Higher debt load relative to assets than 91% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

69th percentile

0.27x

Higher debt load relative to revenue than 69% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

7th percentile

-41%

Higher net margin than 7% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

76th percentile

$117,692

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

2nd percentile

-49%

Faster asset growth than 2% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

13th percentile

-20%

Faster revenue growth than 13% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,007,383

Down $951,918 (-49%) from 2016

Net Assets

Down

$37,479

Down $1,541,513 (-98%) from 2016

Liabilities

Up

$969,904

Up $589,595 (+155%) from 2016

Revenue

Down

$3,528,543

Down $877,885 (-20%) from 2016

Expenses

Up

$4,975,143

Up $961,511 (+24%) from 2016

Net Income

Down

-$1,446,600

Down $1,839,396 (-468%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2013: $1,000,254Liabilities 2013: $293,553Net Assets 2013: $706,7012013Assets 2015: $1,485,544Liabilities 2015: $299,348Net Assets 2015: $1,186,1962015Assets 2016: $1,959,301Liabilities 2016: $380,309Net Assets 2016: $1,578,9922016Assets 2017: $1,007,383Liabilities 2017: $969,904Net Assets 2017: $37,4792017Assets 2018: $1,166,216Liabilities 2018: $1,216,014Net Assets 2018: -$49,7982018Assets 2019: $2,206,973Liabilities 2019: $1,327,092Net Assets 2019: $879,8812019Assets 2020: $4,183,153Liabilities 2020: $3,030,118Net Assets 2020: $1,153,0352020Assets 2021: $5,061,447Liabilities 2021: $3,406,058Net Assets 2021: $1,655,3892021Assets 2022: $4,475,902Liabilities 2022: $3,272,030Net Assets 2022: $1,203,8722022Assets 2023: $4,871,551Liabilities 2023: $3,599,867Net Assets 2023: $1,271,6842023Assets 2024: $5,349,001Liabilities 2024: $3,857,798Net Assets 2024: $1,491,2032024

Highlighted filing

2017

Assets$1,007,383
Liabilities$969,904
Net Assets$37,479

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2013: $1,161,3472013Revenue 2015: $2,991,460Expenses 2015: $2,853,107Net Income 2015: $138,3532015Revenue 2016: $4,406,428Expenses 2016: $4,013,632Net Income 2016: $392,7962016Revenue 2017: $3,528,543Expenses 2017: $4,975,143Net Income 2017: -$1,446,6002017Revenue 2018: $4,139,911Expenses 2018: $4,227,188Net Income 2018: -$87,2772018Revenue 2019: $7,111,443Expenses 2019: $5,947,311Net Income 2019: $1,164,1322019Revenue 2020: $6,260,915Expenses 2020: $5,841,966Net Income 2020: $418,9492020Revenue 2021: $6,743,775Expenses 2021: $5,567,293Net Income 2021: $1,176,4822021Revenue 2022: $6,529,637Expenses 2022: $6,776,578Net Income 2022: -$246,9412022Revenue 2023: $7,583,267Expenses 2023: $7,513,878Net Income 2023: $69,3892023Revenue 2024: $10,036,192Expenses 2024: $9,821,505Net Income 2024: $214,6872024

Highlighted filing

2017

Revenue$3,528,543
Expenses$4,975,143
Net Income-$1,446,600
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Aug 24, 2018
Return Version
2016v3.0
Gross Receipts
$3,535,962
Mission and Program Overview

Mission

To combine academic excellence, character building, and real-world adventures to develop courageous scholars and citizens who thrive in dynamic and challenging environments with the compassion, experience and drive to make the world a better place.

To provide an educational program for children of kindergarten through ninth grade; teaching and developing five core character traits of courage, respect, community, discovery, and craftsmanship

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$634,414$493,519▼ $140,895
Cash and Non-Interest-Bearing Accounts$989,650$370,590▼ $619,060
Savings and Temporary Cash Investments$143,730$0▼ $143,730
Accounts Receivable$47,482$32,004▼ $15,478
Investments Program Related$21,364$22,513▲ $1,149
Prepaid Expenses and Deferred Charges$17,309$22,057▲ $4,748
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,959,301$1,007,383▼ $951,918
Other Assets Total$105,352$66,700▼ $38,652
Liabilities
Accounts Payable and Accrued Expenses$-8,440$578,427▲ $586,867
Deferred Revenue$350,123$391,477▲ $41,354
Other Liabilities$38,626--
Total Liabilities$380,309$969,904▲ $589,595
Net Assets / Fund Balance
Temporarily Rstr Net Assets$5,000$36,000▲ $31,000
Permanently Rstr Net Assets$15,000--
Unrestricted Net Assets$1,558,992$1,479▼ $1,557,513
Total Net Assets Fund Balance$1,578,992$37,479▼ $1,541,513
Total Liabilities and Net Assets / Fund Balance$1,959,301$1,007,383▼ $951,918

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$195,120$145,666$340,786
Leasehold Improvements$279,360$44,332$323,692
Buildings-$204,029$204,029
Other Land Buildings$19,039$66,575$85,614
Investment Program Related Org$22,513--
Other Assets Org$66,700--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mark KushnerCEOFT$117,692$117,692
Taylor SimmersOfficerFT$112,402$112,402
Ryan AldrichOfficerFT$101,544$101,544
Melanie CookeOfficerFT$77,939$77,939

Board Members and Trustees

NameTitle
Kenneth R MartinChairman
Amanda WelshBoard Member
Mark FerrisBoard Member
Robert AbbottBoard Member
Alice HahnTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,518,472
Program Service Revenue
$1,979,338
Investment Income
$-1,268
Other Revenue
$32,001
All Other Contributions
$1,511,886
Change in Net Assets
$-1,446,600
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,471,809
Other Expenses$1,503,334
Total Fundraising Expense$140,437
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,756,598$282,685$22,949$3,062,232
Current Officers, Directors, Trustees, and Key Employees$333,312$64,496$11,769$409,577
Advertising$150,831$25,138$75,415$251,384
Occupancy$192,921$21,436-$214,357
All Other Expenses$96,371$66,784$30,304$193,459
Depreciation Depletion$83,029$9,225-$92,254
Office Expenses$36,219$54,328-$90,547
Other Expenses$79,400$9,578-$79,400
Fees for Services Legal$19,210$44,822-$64,032
Insurance-$45,285-$45,285
Total Functional Expenses$4,210,929$623,777$140,437$4,975,143
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-
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

Tax return is provided to the Board at least 14 days before filing to allow for comment or review.

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

No documents available to public

Filing and Contact Details

Filer

Filer Name
Tahoe Expedition Academy
EIN
27-5379571
Phone
5305465253
Address
PO Box 1272, Kings Beach, CA 96143

Signing Officer

Name
Alice Hahn
Title
Treasurer
Signed
2018-08-24
Discuss with paid preparer
Yes

Organization Details

Formed
2011
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
25

Preparer

Firm
Daren M Mcdonald CPA
Address
288 Village Blvd 5, Incline Village, NV 89451-9427
Preparer
Daren M McDonald
Phone
7752984138
Supplemental Narrative

Additional Explanations

Oganization Overview

Tahoe Expedition Academy was founded in January 2011, when courageous educators and parents collaborated to create an adventure-based experiential learning school for the children of the Lake Tahoe Basin. The energy and momentum these individuals generated gave teachers, parents and students alike an opportunity to take education in a new direction that combines high-level academics, character building and hands-on exploration and adventure.Still at the early stages of our journey, we are building something unique and powerful in education. As we have made great strides in solidifying our programs and staffing, now we are moving towards the development of a permanent campus, where we can physically bring our community together.

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IRS990/Desc096 children are learning and developing the five core character traits of courage, respect, community, discovery, and craftsmanship. Scholarships were granted to 29 unduplicated children at all grade levels. Students spent over 100 days in the field studying topics ranging from hydrology, water quality, wild fires, ecology, soils, plants and animals, and forest management. Students individually have met with over 100 local experst and 23 local organizations for field and service work. Classes target a 16-to-1 student/teacher ratio. The 2013-2014 school year was the third year for PreK-8th grade and first year to offer 9th grade.
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IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
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IRS990ScheduleE/MaintainScholarshipsRecsInd0true
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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
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Tax return is provided to the Board at least 14 days before filing to allow for comment or review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to public
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Tahoe Expedition Academy was founded in January 2011, when courageous educators and parents collaborated to create an adventure-based experiential learning school for the children of the Lake Tahoe Basin. The energy and momentum these individuals generated gave teachers, parents and students alike an opportunity to take education in a new direction that combines high-level academics, character building and hands-on exploration and adventure.Still at the early stages of our journey, we are building something unique and powerful in education. As we have made great strides in solidifying our programs and staffing, now we are moving towards the development of a permanent campus, where we can physically bring our community together.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Oganization Overview
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