Civic Intelligence

Democratic Schools Research Inc.

990 • Fiscal year 2015 • EIN 31-1608946

Sep 01, 2014 to Aug 31, 2015 • Filed on Feb 16, 2016

Refreshing map…

410 Bethel LaneBryan, TX 77802

(979) 775-2152

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.37x

Higher debt load relative to assets than 72% of similar nonprofits.

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

Liabilities / Revenue

68th percentile

0.29x

Higher debt load relative to revenue than 68% of similar nonprofits.

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

Net Margin

58th percentile

5.5%

Higher net margin than 58% of similar nonprofits.

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

Top Officer Pay

49th percentile

$62,000

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

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

Asset Growth

77th percentile

14%

Faster asset growth than 77% of similar nonprofits.

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

Revenue Growth

32nd percentile

-3.5%

Faster revenue growth than 32% of similar nonprofits.

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

Assets

Up

$3,344,404

Up $398,842 (+14%) from 2014

Net Assets

Up

$2,104,769

Up $346,003 (+20%) from 2014

Liabilities

Up

$1,239,635

Up $52,839 (+4.5%) from 2014

Revenue

Down

$4,269,204

Down $155,559 (-3.5%) from 2014

Expenses

Down

$4,034,826

Down $232,177 (-5.4%) from 2014

Net Income

Up

$234,378

Up $76,618 (+49%) from 2014

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2014: $2,945,562Liabilities 2014: $1,186,796Net Assets 2014: $1,758,7662014Assets 2015: $3,344,404Liabilities 2015: $1,239,635Net Assets 2015: $2,104,7692015Assets 2016: $3,147,781Liabilities 2016: $1,363,939Net Assets 2016: $1,783,8422016Assets 2018: $2,858,599Liabilities 2018: $1,202,745Net Assets 2018: $1,655,8542018Assets 2019: $2,801,834Liabilities 2019: $1,091,204Net Assets 2019: $1,710,6302019Assets 2020: $2,748,429Liabilities 2020: $990,828Net Assets 2020: $1,757,6012020Assets 2021: $2,903,255Liabilities 2021: $736,590Net Assets 2021: $2,166,6652021Assets 2022: $3,098,436Liabilities 2022: $553,772Net Assets 2022: $2,544,6642022Assets 2024: $2,639,171Liabilities 2024: $583,185Net Assets 2024: $2,055,9862024

Highlighted filing

2015

Assets$3,344,404
Liabilities$1,239,635
Net Assets$2,104,769

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $4,424,763Expenses 2014: $4,267,003Net Income 2014: $157,7602014Revenue 2015: $4,269,204Expenses 2015: $4,034,826Net Income 2015: $234,3782015Revenue 2016: $3,876,111Expenses 2016: $4,197,038Net Income 2016: -$320,9272016Revenue 2018: $3,702,439Expenses 2018: $3,758,821Net Income 2018: -$56,3822018Revenue 2019: $3,754,212Expenses 2019: $3,699,436Net Income 2019: $54,7762019Revenue 2020: $3,920,600Expenses 2020: $3,873,629Net Income 2020: $46,9712020Revenue 2021: $4,365,603Expenses 2021: $3,956,539Net Income 2021: $409,0642021Revenue 2022: $4,814,194Expenses 2022: $4,436,195Net Income 2022: $377,9992022Revenue 2024: $4,108,670Expenses 2024: $4,325,664Net Income 2024: -$216,9942024

Highlighted filing

2015

Revenue$4,269,204
Expenses$4,034,826
Net Income$234,378
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Feb 16, 2016
Return Version
2014v6.0
Gross Receipts
$4,269,204
Mission and Program Overview

Mission

Democratic schools research, inc. Dba brazos school for inquiry & creativity is a texas state open enrollment charter school. The school primarily serves students in grades pre-kindergarten through eighth grade. The school's vision is to collaborate with families and the community to provide a nurturing academic environment that will empower all students to be successful learners within a competitive, global society.

The brazos school for inquiry & creativity will collaborate with families and the community to provide a nurturing environment that will empower all students to be successful learners within a competitive, global society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,078,738$2,394,381▲ $315,643
Cash and Non-Interest-Bearing Accounts$698,686$761,333▲ $62,647
Pledges and Grants Receivable$146,783$168,522▲ $21,739
Total Assets$2,945,562$3,344,404▲ $398,842
Other Assets Total$21,355$20,168▼ $1,187
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,069,321$1,145,259▲ $75,938
Accounts Payable and Accrued Expenses$117,475$94,376▼ $23,099
Total Liabilities$1,186,796$1,239,635▲ $52,839
Net Assets / Fund Balance
Temporarily Rstr Net Assets$39,615$1,599,613▲ $1,559,998
Unrestricted Net Assets$1,719,151$505,156▼ $1,213,995
Total Net Assets Fund Balance$1,758,766$2,104,769▲ $346,003
Total Liabilities and Net Assets / Fund Balance$2,945,562$3,344,404▲ $398,842

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,001,017$230,419$2,231,436
Land$364,987-$364,987
Other Land Buildings$21,500-$21,500
Equipment$6,877$13,177$20,054
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Katy GreenwoodSuperintendentFT$62,000$62,000

Board Members and Trustees

NameTitle
Sonia GangotenaPresident
Robert HortonDirector
Lynda MarinoSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Lee & Son's Transportation Services INCTransportation8001 MCHARD STE 16, Houston, TX 77053$216,595
Food Masters Food WorksFood Service10850 SOUTH WILCREST DR STE 160, Houston, TX 77099$121,457
Revenue and Support

Revenue Composition

Contributions and Grants
$4,261,216
Program Service Revenue
$7,988
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$234,378

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,269,204
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,269,204
Total Revenue per Form 990
$4,269,204
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,240,533
Other Expenses$1,794,293
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,878,175$105,744-$1,983,919
Occupancy$221,519$4,758-$226,277
Payroll Taxes$116,561$4,315-$120,876
Interest$74,801--$74,801
Other Employee Benefits$69,688$4,050-$73,738
Insurance$55,583$11,426-$67,009
Depreciation Depletion$59,393$3,322-$62,715
Current Officers, Directors, Trustees, and Key Employees-$62,000-$62,000
Travel$14,459$23,738-$38,197
Other Expenses$12,383$14,740-$27,123
Fees for Services Accounting-$24,420-$24,420
All Other Expenses$19,486--$19,486
Total Functional Expenses$3,742,644$292,182$0$4,034,826

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,034,826
Expenses per Audited Statements$4,015,340
Total Expenses per Audited Statements$4,015,340
Expenses Not Reported on Financial Statements$19,486
Other Expense Adjustments$19,486
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
No
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

A copy of form 990 is provided to all board members for approval at a board meeting.

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

Conflict of interest forms are completed by new members of the board and any key employees, or if any changes occur.

Form 990, Part VI, Section B, Line 15

Compensation determinations include review of and comparison with other charter schools and public schools in texas.

Form 990, Part VI, Section C, Line 19

Governing docuements, policies and financial statements are made available upon specific request and/or on the organization's website.

Filing and Contact Details

Filer

Filer Name
Democratic Schools Research Inc
EIN
31-1608946
Phone
9797752152
Address
410 BETHEL LANE, BRYAN, TX 77802
Doing Business As
Brazos School for Inquiry and Creativity

Signing Officer

Name
Katy Greenwood
Title
Superintendent
Phone
9797752152
Signed
2016-02-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katy Greenwood
Formed
1999
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
109
Volunteers
0

Preparer

Firm
Hereford Lynchsellars & Kirkham Pc
Address
111 E BOOTHE, CLEVELAND, TX 77327
Preparer
Leland Dushkin
Phone
2815926443
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Prior period adjustment - capital leases 111,625.

FORM 990, PART XII, LINE 2C:

The organization has not changed its oversight process or selection process relating to its annual audit.

FORM 990, PART XII, LINE 3B:

The organization underwent the required audit resulting from a federal award in the single audit act and omb circular a-133.

Financial Statement Notes

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Abandonment of equipment 19,486.

Raw XML Appendix384 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.

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IRS990ScheduleD/OtherExpensesNotIncludedAmt019486
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt021500
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt021500
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04269204
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ABANDONMENT OF EQUIPMENT 19,486.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02394381
IRS990ScheduleD/TotalExpensesPerForm990Amt04034826
IRS990ScheduleD/TotalRevenuePerForm990Amt04269204
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04269204
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04015340
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/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0DEMOCRATIC SCHOOLS RESEARCH INC. OPERATES AS A PUBLIC CHARTER SCHOOL IN TEXAS AND, AS SUCH, RECEIVES REVENUE FROM THE TEXAS EDUCATION AGENCY AND RELATED STATE AND FEDERAL AGENCIES AS ENTITLEMENTS AND/OR GRANTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR APPROVAL AT A BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST FORMS ARE COMPLETED BY NEW MEMBERS OF THE BOARD AND ANY KEY EMPLOYEES, OR IF ANY CHANGES OCCUR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION DETERMINATIONS INCLUDE REVIEW OF AND COMPARISON WITH OTHER CHARTER SCHOOLS AND PUBLIC SCHOOLS IN TEXAS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUEMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON SPECIFIC REQUEST AND/OR ON THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRIOR PERIOD ADJUSTMENT - CAPITAL LEASES 111,625.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS RELATING TO ITS ANNUAL AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION UNDERWENT THE REQUIRED AUDIT RESULTING FROM A FEDERAL AWARD IN THE SINGLE AUDIT ACT AND OMB CIRCULAR A-133.
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 XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 3B:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt039615
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01599613
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02945562
IRS990/TotalAssetsEOYAmt03344404
IRS990/TotalAssetsGrp/BOYAmt02945562
IRS990/TotalAssetsGrp/EOYAmt03344404
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt04261216
IRS990/TotalEmployeeCnt0109
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0292182
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03742644
IRS990/TotalFunctionalExpensesGrp/TotalAmt04034826
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01186796
IRS990/TotalLiabilitiesEOYAmt01239635
IRS990/TotalLiabilitiesGrp/BOYAmt01186796
IRS990/TotalLiabilitiesGrp/EOYAmt01239635
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01758766
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02104769
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03742644
IRS990/TotalProgramServiceRevenueAmt07988
IRS990/TotalReportableCompFromOrgAmt062000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07988
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04269204
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02945562
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03344404
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt023738
IRS990/TravelGrp/ProgramServicesAmt014459
IRS990/TravelGrp/TotalAmt038197
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01719151
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0505156
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0410 BETHEL LANE
IRS990/USAddress/CityNm0BRYAN
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077802
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.THEBRAZOSSCHOOL.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KATY GREENWOOD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SUPERINTENDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09797752152
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DEMOCRATIC SCHOOLS RESEARCH INC
ReturnHeader/Filer/BusinessNameControlTxt0DEMO
ReturnHeader/Filer/EIN0311608946
ReturnHeader/Filer/PhoneNum09797752152
ReturnHeader/Filer/USAddress/AddressLine1Txt0410 BETHEL LANE
ReturnHeader/Filer/USAddress/CityNm0BRYAN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077802
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0760286393
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HEREFORD LYNCHSELLARS & KIRKHAM PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0111 E BOOTHE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CLEVELAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077327
ReturnHeader/PreparerPersonGrp/PhoneNum02815926443
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LELAND DUSHKIN
ReturnHeader/ReturnTs02016-02-22T11:00:47-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-09-01
ReturnHeader/TaxPeriodEndDt02015-08-31
ReturnHeader/TaxYr02014

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