Civic Intelligence

Altus-Laurel Inc DBA Laurel Preparatory Academy

990 • Fiscal year 2015 • EIN 30-0788390

Jul 01, 2014 to Jun 30, 2015 • Filed on Mar 24, 2016

Organization Profilelaurelprep.com
10170 Huennekens StreetSan Diego, CA 92121

(858) 678-2048

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.60x

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

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

Liabilities / Revenue

69th percentile

0.30x

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

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

Net Margin

64th percentile

7.8%

Higher net margin than 64% of similar nonprofits.

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

Top Officer Pay

96th percentile

$371,160

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 26.2% of source-year revenue.

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

Asset Growth

9th percentile

-13%

Faster asset growth than 9% of similar nonprofits.

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

Revenue Growth

48th percentile

2.6%

Faster revenue growth than 48% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$701,002

Down $105,061 (-13%) from 2014

Net Assets

Up

$281,112

Up $110,952 (+65%) from 2014

Liabilities

Down

$419,890

Down $216,013 (-34%) from 2014

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin64th percentile

Revenue

Up

$1,417,244

Up $35,629 (+2.6%) from 2014

Expenses

Up

$1,306,292

Up $94,837 (+7.8%) from 2014

Net Income

Down

$110,952

Down $59,208 (-35%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

$1.5M$1.0M$500K$0Assets 2014: $806,063Liabilities 2014: $635,903Net Assets 2014: $170,1602014Assets 2015: $701,002Liabilities 2015: $419,890Net Assets 2015: $281,1122015Assets 2016: $1,051,162Liabilities 2016: $315,418Net Assets 2016: $735,7442016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2015

Assets$701,002
Liabilities$419,890
Net Assets$281,112
Open 2015 Filing

Operations Trend

Revenue Growth48th percentile

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

$2.0M$1.5M$1.0M$500K$0Revenue 2014: $1,381,615Expenses 2014: $1,211,455Net Income 2014: $170,1602014Revenue 2015: $1,417,244Expenses 2015: $1,306,292Net Income 2015: $110,9522015Revenue 2016: $1,680,575Expenses 2016: $1,225,943Net Income 2016: $454,6322016Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017

Highlighted filing

2015

Revenue$1,417,244
Expenses$1,306,292
Net Income$110,952
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 24, 2016
Return Version
2014v6.0
Gross Receipts
$1,417,244
Mission and Program Overview

Mission

To support, benefit and carry out the purposes of laurel preparatory academy, a california public charter school that serves grades 6-12 to establish, manage, administer, guide, and direct related public schools that provide education based on the altus model.

To support, benefit and carry out the purposes of laurel preparatory academy, a california public charter school that serves grades 6-12.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$210,600$547,103▲ $336,503
Accounts Receivable$565,559$104,836▼ $460,723
Land, Buildings, and Equipment, Net$28,285$40,285▲ $12,000
Prepaid Expenses and Deferred Charges$1,619$8,778▲ $7,159
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$806,063$701,002▼ $105,061
Other Assets Total$0$0→ $0
Liabilities
Unsecured Notes Loans Payable$149,479$355,729▲ $206,250
Accounts Payable and Accrued Expenses$485,621$55,056▼ $430,565
Other Liabilities$803$9,105▲ $8,302
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$635,903$419,890▼ $216,013
Net Assets / Fund Balance
Unrestricted Net Assets$170,160$281,112▲ $110,952
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$170,160$281,112▲ $110,952
Total Liabilities and Net Assets / Fund Balance$806,063$701,002▼ $105,061

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$40,285$5,613$45,898
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Wade AschbrennerSchool CoordinatorFT$123,085$25,867$148,952
Jane GawronskiSecretary--$11,000$11,000

Board Members and Trustees

NameTitle
Joseph WatkinsChairman
Mary Searcy BixbyPresident/CEO
Lynne AlipioCBO & CFO
Barbara PelusoMember
Revenue and Support

Revenue Composition

Contributions and Grants
$1,415,431
Program Service Revenue
$0
Investment Income
$1,813
Other Revenue
$0
All Other Contributions
$1,513
Change in Net Assets
$110,952

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,417,244
Total Revenue per Audited Statements
$1,417,244
Total Revenue per Form 990
$1,417,244
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$898,265
Other Expenses$408,027
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$707,494--$707,494
Other Employee Benefits$119,003--$119,003
Fees for Services Other$46,769$63,595-$110,364
Occupancy$88,668$4,334-$93,002
Pension Plan Contributions$58,086--$58,086
Information Technology$54,566$744-$55,310
Other Expenses$6,982$12,027-$19,009
Payroll Taxes$13,682--$13,682
Advertising-$6,733-$6,733
Travel$5,800$143-$5,943
Depreciation Depletion$5,384--$5,384
Fees for Services Legal-$3,388-$3,388
Fees for Services Accounting-$2,846-$2,846
Insurance-$2,170-$2,170
Interest$1,295$371-$1,666
Conferences and Meetings$1,337--$1,337
Total Functional Expenses$1,203,805$102,487$0$1,306,292

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,306,292
Total Expenses per Audited Statements$1,306,292
Total Expenses per Form 990$1,306,292
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
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Capital Leases$9,105
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Filing and Contact Details

Filer

Filer Name
Altus-Laurel Inc
EIN
30-0788390
In Care Of
% LYNNE H ALIPIO CBO & CFO
Phone
8586782048
Address
10170 HUENNEKENS STREET, SAN DIEGO, CA 92121
Doing Business As
Laurel Preparatory Academy

Signing Officer

Name
Lynne H Alipio
Title
CBO & CFO
Phone
8586782048
Signed
2016-03-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lynne H Alipio Cbo CFO
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
3
Employees
18
Volunteers
3

Preparer

Firm
Wilkinson Hadley King & Co Llp
Address
218 W DOUGLAS AVENUE, EL CAJON, CA 92020
Preparer
Aubrey King CPA
Phone
6194476700
Supplemental Narrative

Additional Explanations

Process to Review 990

“Part vi - governance, management, disclosure the form 990 is reviewed by the finance division, chief business officer & chief financial officer, and a representative from the board.”

Conflict of Interest

“Part vi - governance, management, disclosure all governing board members and key employees are required to disclose their financial information and any possible conflicts of interest by filling out from 700, which is then filed in the county that the organization conducts business.”

Salaries for Top Management and Key Employees

“Form 990 part vi governance, management, and disclosure a compensation committee designated by the board reviews and approves compensation for top management and key employees. Salaries are based upon availability of budget and comperable wages for similar positions in the industry.”

How Information Is Made Public

“Part vi - governance, management, disclosure after approval from the board, financial statements are submitted periodically to the organization's authorizing agency, county office of education and the state controller's office. In addition, laurel preparatory academy complies with the public records act which mandates disclosure of non-exempt governmental records to the public upon request. It also complies with the brown act which requires that laurel preparatory academy provide public notice of all regular and special board meetings. All board meetings are open to the public.”

Members

“Form 990 part vi governance, management, and disclosure according to the bylaws of the organization, unless and until their bylaws are amended to provide otherwise, altus institute, a california non profit public benefit corporation shall be the sole statutory member of this corporation as the term "member" is defined in sec. 5056 of the california non profit public benefit corporation law.”

Financial Statement Notes

Fin 48 Disclosure

“Schedule d, part x the school follows provisions of uncertain tax positions as addressed in asc 958. The school recognizes accrued interest and penalties associated with uncertain tax positions as part of the income tax provision, when applicable.”

Raw XML AppendixShowing 400 of 546 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0485621
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt055056
IRS990/AccountsReceivableGrp/BOYAmt0565559
IRS990/AccountsReceivableGrp/EOYAmt0104836
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO SUPPORT, BENEFIT AND CARRY OUT THE PURPOSES OF LAUREL PREPARATORY ACADEMY, A CALIFORNIA PUBLIC CHARTER SCHOOL THAT SERVES GRADES 6-12.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt06733
IRS990/AdvertisingGrp/TotalAmt06733
IRS990/AllOtherContributionsAmt01513
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0false
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0LYNNE H ALIPIO CBO CFO
IRS990/BooksInCareOfDetail/PhoneNum08586782048
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt010170 HUENNEKENS STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0SAN DIEGO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd092121
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0210600
IRS990/CashNonInterestBearingGrp/EOYAmt0547103
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt01337
IRS990/ConferencesMeetingsGrp/TotalAmt01337
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01415431
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01813
IRS990/CYOtherExpensesAmt0408027
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0110952
IRS990/CYSalariesCompEmpBnftPaidAmt0898265
IRS990/CYTotalExpensesAmt01306292
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01417244
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt05384
IRS990/DepreciationDepletionGrp/TotalAmt05384
IRS990/Desc0LAUREL PREPARATORY IS AN INDEPENDENT STUDY, BLENDED LEARNING PROGRAM THAT OFFERS STUDENTS AN ACADEMICALLY RIGOROUS ALTERNATIVE TO A TRADITIONAL SCHOOL SETTING. OUR COURSES ARE BASED ON CALIFORNIA STATE COURSE STANDARDS. AT LAUREL, A STUDENT'S EDUCATIONAL EXPERIENCE IS GUIDED BY A HIGHLY QUALIFIED STAFF IN A SAFE, SUPPORTIVE ENVIRONMENT. STUDENTS' COURSE OF STUDY IS BASED ON A PATHWAYS PERSONALIZED EDUCATION PLAN (PPEP). THIS PLAN IS DEVELOPED BY THE TEACHER ALONG WITH THE STUDENT, PARENTS AND TEACHER. IT INCORPORATES HIGH SCHOOL GRADUATION REQUIREMENTS, THE STUDENT'S SHORT-TERM AND LONG-TERM GOALS, LEARNING STYLES, PREVIOUS WORK, CURRENT INTERESTS, ACADEMIC ACHIEVEMENT, SKILLS DEVELOPMENT AND STANDARDIZED TEST SCORES. THE PPEP IS REVIEWED AND UPDATED BY THE PARENTS, STUDENT AND TEACHER ON A REGULAR BASIS THROUGHOUT THE STUDENT'S ENROLLMENT. LAUREL'S IMPLEMENTATION INCLUDES TEACHING ACROSS THE CURRICULUM, SELF-PACED LESSONS, AND YEAR-ROUND OPEN ENROLLMENT THAT MANY STUDENTS FIND APPEALING.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0LAUREL PREPARATORY ACADEMY
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt018
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt01203805
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt02846
IRS990/FeesForServicesAccountingGrp/TotalAmt02846
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt03388
IRS990/FeesForServicesLegalGrp/TotalAmt03388
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt063595
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt046769
IRS990/FeesForServicesOtherGrp/TotalAmt0110364
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt147.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt38.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt447.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.0
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt139349
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt439496
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt525867
IRS990/Form990PartVIISectionAGrp/PersonNm0BARBARA PELUSO
IRS990/Form990PartVIISectionAGrp/PersonNm1MARY SEARCY BIXBY
IRS990/Form990PartVIISectionAGrp/PersonNm2JOSEPH WATKINS
IRS990/Form990PartVIISectionAGrp/PersonNm3JANE GAWRONSKI
IRS990/Form990PartVIISectionAGrp/PersonNm4LYNNE ALIPIO
IRS990/Form990PartVIISectionAGrp/PersonNm5WADE ASCHBRENNER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5123085
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1331811
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt311000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4232112
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4CBO & CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt5SCHOOL COORDINATOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GovernmentGrantsAmt01413918
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01417244
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0744
IRS990/InformationTechnologyGrp/ProgramServicesAmt054566
IRS990/InformationTechnologyGrp/TotalAmt055310
IRS990/InsuranceGrp/ManagementAndGeneralAmt02170
IRS990/InsuranceGrp/TotalAmt02170
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt0371
IRS990/InterestGrp/ProgramServicesAmt01295
IRS990/InterestGrp/TotalAmt01666
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt01813
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01813
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05613
IRS990/LandBldgEquipBasisNetGrp/BOYAmt028285
IRS990/LandBldgEquipBasisNetGrp/EOYAmt040285
IRS990/LandBldgEquipCostOrOtherBssAmt045898
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO SUPPORT, BENEFIT AND CARRY OUT THE PURPOSES OF LAUREL PREPARATORY ACADEMY, A CALIFORNIA PUBLIC CHARTER SCHOOL THAT SERVES GRADES 6-12; TO ESTABLISH, MANAGE, ADMINISTER, GUIDE AND DIRECT RELATED PUBLIC CHARTER SCHOOLS THAT PROVIDE EDUCATION BASED ON THE ALTUS MODEL.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0170160
IRS990/NetAssetsOrFundBalancesEOYAmt0281112
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt04334
IRS990/OccupancyGrp/ProgramServicesAmt088668
IRS990/OccupancyGrp/TotalAmt093002
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0119003
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0119003
IRS990/OtherExpensesGrp/Desc0BOOKS & SUPPLIES
IRS990/OtherExpensesGrp/Desc1MAINTENANCE, LEASES, & REPAIRS
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0986
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15150
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt212027
IRS990/OtherExpensesGrp/ProgramServicesAmt092521
IRS990/OtherExpensesGrp/ProgramServicesAmt12218
IRS990/OtherExpensesGrp/ProgramServicesAmt26982
IRS990/OtherExpensesGrp/TotalAmt093507
IRS990/OtherExpensesGrp/TotalAmt17368
IRS990/OtherExpensesGrp/TotalAmt219009
IRS990/OtherLiabilitiesGrp/BOYAmt0803
IRS990/OtherLiabilitiesGrp/EOYAmt09105
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0707494
IRS990/OtherSalariesAndWagesGrp/TotalAmt0707494
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt013682
IRS990/PayrollTaxesGrp/TotalAmt013682
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt058086
IRS990/PensionPlanContributionsGrp/TotalAmt058086
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01619
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08778
IRS990/PrincipalOfficerNm0LYNNE H ALIPIO CBO CFO
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01381372
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0243
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0543015
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0170160
IRS990/PYSalariesCompEmpBnftPaidAmt0668440
IRS990/PYTotalExpensesAmt01211455
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01381615
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0110952
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt040285
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05613
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt045898
IRS990ScheduleD/ExpensesSubtotalAmt01306292
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09105
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASES
IRS990ScheduleD/RevenueSubtotalAmt01417244
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCHEDULE D, PART X THE SCHOOL FOLLOWS PROVISIONS OF UNCERTAIN TAX POSITIONS AS ADDRESSED IN ASC 958. THE SCHOOL RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS AS PART OF THE INCOME TAX PROVISION, WHEN APPLICABLE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FIN 48 DISCLOSURE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt040285
IRS990ScheduleD/TotalExpensesPerForm990Amt01306292
IRS990ScheduleD/TotalLiabilityAmt09105
IRS990ScheduleD/TotalRevenuePerForm990Amt01417244
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01417244
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01306292
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
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/ExplanationTxt0SCHEDULE E PART I THE SCHOOL'S BOARD APPROVED STUDENT-EMPLOYMENT NON-DISCRIMINATION POLICY IS PUBLISHED ON THE SCHOOL'S WEBSITE AND IS PRINTED IN THE STUDENT AND PARENT RESOURCE GUIDE. THE STUDENT AND PARENT RESOURCE GUIDE IS DISTRIBUTED ANNUALLY DURING THE REGISTRATION PERIOD.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1SCHEDULE E PART 1 LINE 6A THE SCHOOL RECEIVES SUPPORT IN THE FORM OF GRANTS AND PROPERTY TAXES FROM THE CALIFORNIA DEPARTMENT OF EDUCATION, THE UNITED STATES DEPARTMENT OF EDUCATION AND THE SAN DIEGO COUNTY TAX COLLECTOR.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0PUBLICATION OF NONDISCRIMINATORY POLICY
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1FINANCIAL ASSISTANCE FROM GOVERNMENTAL AGENCIES
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0280286
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1196351
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt024025
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt122796
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt015324
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt116700
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt051525
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt135761
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARY SEARCY BIXBY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1LYNNE ALIPIO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CBO & CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0371160
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1271608
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PART VI - GOVERNANCE, MANAGEMENT, DISCLOSURE THE FORM 990 IS REVIEWED BY THE FINANCE DIVISION, CHIEF BUSINESS OFFICER & CHIEF FINANCIAL OFFICER, AND A REPRESENTATIVE FROM THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PART VI - GOVERNANCE, MANAGEMENT, DISCLOSURE ALL GOVERNING BOARD MEMBERS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE THEIR FINANCIAL INFORMATION AND ANY POSSIBLE CONFLICTS OF INTEREST BY FILLING OUT FROM 700, WHICH IS THEN FILED IN THE COUNTY THAT THE ORGANIZATION CONDUCTS BUSINESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 PART VI GOVERNANCE, MANAGEMENT, AND DISCLOSURE A COMPENSATION COMMITTEE DESIGNATED BY THE BOARD REVIEWS AND APPROVES COMPENSATION FOR TOP MANAGEMENT AND KEY EMPLOYEES. SALARIES ARE BASED UPON AVAILABILITY OF BUDGET AND COMPERABLE WAGES FOR SIMILAR POSITIONS IN THE INDUSTRY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PART VI - GOVERNANCE, MANAGEMENT, DISCLOSURE AFTER APPROVAL FROM THE BOARD, FINANCIAL STATEMENTS ARE SUBMITTED PERIODICALLY TO THE ORGANIZATION'S AUTHORIZING AGENCY, COUNTY OFFICE OF EDUCATION AND THE STATE CONTROLLER'S OFFICE. IN ADDITION, LAUREL PREPARATORY ACADEMY COMPLIES WITH THE PUBLIC RECORDS ACT WHICH MANDATES DISCLOSURE OF NON-EXEMPT GOVERNMENTAL RECORDS TO THE PUBLIC UPON REQUEST. IT ALSO COMPLIES WITH THE BROWN ACT WHICH REQUIRES THAT LAUREL PREPARATORY ACADEMY PROVIDE PUBLIC NOTICE OF ALL REGULAR AND SPECIAL BOARD MEETINGS. ALL BOARD MEETINGS ARE OPEN TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 PART VI GOVERNANCE, MANAGEMENT, AND DISCLOSURE ACCORDING TO THE BYLAWS OF THE ORGANIZATION, UNLESS AND UNTIL THEIR BYLAWS ARE AMENDED TO PROVIDE OTHERWISE, ALTUS INSTITUTE, A CALIFORNIA NON PROFIT PUBLIC BENEFIT CORPORATION SHALL BE THE SOLE STATUTORY MEMBER OF THIS CORPORATION AS THE TERM "MEMBER" IS DEFINED IN SEC. 5056 OF THE CALIFORNIA NON PROFIT PUBLIC BENEFIT CORPORATION LAW.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PROCESS TO REVIEW 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1CONFLICT OF INTEREST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2SALARIES FOR TOP MANAGEMENT AND KEY EMPLOYEES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3HOW INFORMATION IS MADE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4MEMBERS
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$701,002
Liabilities
$419,890
Net assets
$281,112
Revenue
$1,417,244
Expenses
$1,306,292
Net income
$110,952
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.05$0.32$0.74$1.68$1.23$0.45
2015Detailed filing. Detailed filing data is available for this year.$0.70$0.42$0.28$1.42$1.31$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.81$0.64$0.17$1.38$1.21$0.17