Civic Intelligence

Aerostem Academy Inc

EIN 32-0570253 • 501(c)3 • Yuba City, CA

Profile

Aerostem academy prepares students of today for the growing college and career opportunities of tomorrow. By exploring science, technology, engineering, and mathematics ("stem") through the lens of aerospace, students gain the knowledge... (continued on schedule o)and skills necessary to contribute to a dynamic, technology-intensive economy. Aerostem academy creates a culture of character and collaboration in close partnership with college and professional communities. The educational program encourages imagination, incorporates experiential learning, and provides opportunities to engineer solutions.

82 Second StreetYuba City, CA 95991

www.aerostem.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

94th percentile

1.05x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

83rd percentile

0.58x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

25th percentile

-7.2%

Higher net margin than 25% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

65th percentile

$96,198

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

73rd percentile

14%

Faster asset growth than 73% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

30th percentile

-3.8%

Faster revenue growth than 30% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,181,626

Up $263,796 (+29%) from 2022

Liabilities

Up

$1,245,451

Up $498,357 (+67%) from 2022

Net Assets

Down

-$63,825

Down $234,561 (-137%) from 2022

Revenue

Down

$2,148,318

Down $397,290 (-16%) from 2022

Expenses

Down

$2,303,488

Down $229,085 (-9.0%) from 2022

Net Income

Down

-$155,170

Down $168,205 (-1290%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0-$500KAssets 2021: $1,220,114Liabilities 2021: $1,062,413Net Assets 2021: $157,7012021Assets 2022: $917,830Liabilities 2022: $747,094Net Assets 2022: $170,7362022Assets 2024: $1,181,626Liabilities 2024: $1,245,451Net Assets 2024: -$63,8252024

Highlighted filing

2024

Assets$1,181,626
Liabilities$1,245,451
Net Assets-$63,825

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2021: $1,825,401Expenses 2021: $1,614,931Net Income 2021: $210,4702021Revenue 2022: $2,545,608Expenses 2022: $2,532,573Net Income 2022: $13,0352022Revenue 2024: $2,148,318Expenses 2024: $2,303,488Net Income 2024: -$155,1702024

Highlighted filing

2024

Revenue$2,148,318
Expenses$2,303,488
Net Income-$155,170

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$2,160,677
Mission and Program Overview

Mission

Aerostem academy prepares students of today for the growing college and career opportunities of tomorrow. By exploring science, technology, engineering, and mathematics ("stem") through the lens of aerospace, students gain the knowledge... (continued on schedule o)and skills necessary to contribute to a dynamic, technology-intensive economy. Aerostem academy creates a culture of character and collaboration in close partnership with college and professional communities. The educational program encourages imagination, incorporates experiential learning, and provides opportunities to engineer solutions.

Operation of a public charter high school exploring stem areas through aerospace.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$703,419$642,088▼ $61,331
Accounts Receivable$179,936$348,838▲ $168,902
Land, Buildings, and Equipment, Net$150,592$133,300▼ $17,292
Total Assets$1,036,447$1,181,626▲ $145,179
Other Assets Total$2,500$57,400▲ $54,900
Liabilities
Unsecured Notes Loans Payable$550,000$527,500▼ $22,500
Deferred Revenue$298,554$497,084▲ $198,530
Accounts Payable and Accrued Expenses$113,524$165,967▲ $52,443
Other Liabilities$0$54,900▲ $54,900
Total Liabilities$962,078$1,245,451▲ $283,373
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$74,369$-63,825▼ $138,194
Total Net Assets Fund Balance$74,369$-63,825▼ $138,194
Total Liabilities and Net Assets / Fund Balance$1,036,447$1,181,626▲ $145,179

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$4,805$569,645$574,450
Equipment$128,495$18,469$146,964
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph ClarkExecutive DirectorFT$70,546$25,652$96,198

Board Members and Trustees

NameTitle
Tony BarberPresident
June McjunkinAuthorizer Representative
Rikki ShafferCommunity Member
Jennifer ChaplinParent Member
Marvin KingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,097,006
Program Service Revenue
$0
Investment Income
$21,407
Other Revenue
$29,905
All Other Contributions
$92,038
Change in Net Assets
$-155,170

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,148,318
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$16,976
Total Revenue per Audited Statements
$2,165,294
Total Revenue per Form 990
$2,148,318
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,330,765
Other Expenses$972,723
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$618,777$175,299-$794,076
Occupancy$254,236$3,070-$257,306
Pension Plan Contributions$167,939$68,694-$236,633
Fees for Services Other$73,482$149,800-$223,282
Current Officers, Directors, Trustees, and Key Employees$45,867$107,024-$152,891
Depreciation Depletion$121,000--$121,000
Other Employee Benefits$69,864$41,485-$111,349
Insurance-$44,655-$44,655
Payroll Taxes$21,358$14,458-$35,816
Information Technology$22,500--$22,500
Office Expenses$2,721$18,621-$21,342
Travel$13,463--$13,463
Other Expenses$31,044$12,209-$12,209
Advertising$10,677--$10,677
Conferences and Meetings$10,355--$10,355
Fees for Services Accounting-$6,774-$6,774
Total Functional Expenses$1,653,227$650,261$0$2,303,488

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,303,488
Total Expenses per Audited Statements$2,303,488
Total Expenses per Form 990$2,303,488
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$54,900
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 35% controlled entity
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
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 11B

The organization will engage with a cpa for tax preparation services. A draft of the tax return will be provided to the school director for review and approval. The final tax return will be provided to the board for formal acceptance at a public board meeting.

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

All members of the governing board annually file a statement of economic interests (form 700) disclosing those types of investments, interests in real property, sources of income, and business positions that may affect their decision-making. The audit committee monitors compliance and reminds trustees to self-monitor.

Form 990, Part VI, Section B, Line 15

Compensation for the school director and other key employees is approved by the board of directors and executed by use of a written employment contract.

Form 990, Part VI, Section C, Line 19

Governing documents, financial statements and the conflict of interest policy are available upon request.

Filing and Contact Details

Filer

Filer Name
Aerostem Academy Inc
EIN
32-0570253
Phone
5307422531
Address
82 SECOND STREET, YUBA CITY, CA 95991

Signing Officer

Name
Joe Clark
Title
School Director
Phone
5307422531
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Board President
Formed
2017
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
47
Volunteers
6

Preparer

Firm
Christy White Associates
Address
348 OLIVE STREET, SAN DIEGO, CA 92103
Preparer
Marcy Kearney
Phone
6192708222
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Management believes all of its significant tax positions would be upheld under examination; therefore, no provision for income tax has been recorded.

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IRS990/MissionDesc0AEROSTEM ACADEMY PREPARES STUDENTS OF TODAY FOR THE GROWING COLLEGE AND CAREER OPPORTUNITIES OF TOMORROW. BY EXPLORING SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS ("STEM") THROUGH THE LENS OF AEROSPACE, STUDENTS GAIN THE KNOWLEDGE... (CONTINUED ON SCHEDULE O)AND SKILLS NECESSARY TO CONTRIBUTE TO A DYNAMIC, TECHNOLOGY-INTENSIVE ECONOMY. AEROSTEM ACADEMY CREATES A CULTURE OF CHARACTER AND COLLABORATION IN CLOSE PARTNERSHIP WITH COLLEGE AND PROFESSIONAL COMMUNITIES. THE EDUCATIONAL PROGRAM ENCOURAGES IMAGINATION, INCORPORATES EXPERIENTIAL LEARNING, AND PROVIDES OPPORTUNITIES TO ENGINEER SOLUTIONS.
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0569645
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0574450
IRS990ScheduleD/NetUnrealizedGainsInvstAmt016976
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt054900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt016976
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02148318
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT BELIEVES ALL OF ITS SIGNIFICANT TAX POSITIONS WOULD BE UPHELD UNDER EXAMINATION; THEREFORE, NO PROVISION FOR INCOME TAX HAS BEEN RECORDED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt02303488
IRS990ScheduleD/TotalLiabilityAmt054900
IRS990ScheduleD/TotalRevenuePerForm990Amt02148318
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02303488
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 NONDISCRIMINATORY POLICY IS MADE KNOWN THROUGH INFORMATION AVAILABLE ON THE SCHOOL'S WEBSITE, WITHIN THE CHARTERING DOCUMENTS, AND OTHER CORRESPONDENCES WITH THE GENERAL PUBLIC.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS A PUBLIC CHARTER SCHOOL WHICH OPERATES TUITION-FREE; THEREFORE, SCHOLARSHIPS AND FINANCIAL ASSISTANCE ARE NOT APPLICABLE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION RECEIVES GOVERNMENTAL FUNDING FROM THE UNITIED STATES AND CALIFORNIA DEPARTMENTS OF EDUCATION AND THE COUNTY OF SUTTER, CALIFORNIA, AS PART OF ITS OPERATION AS A PUBLIC CHARTER SCHOOL.
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 ORGANIZATION WILL ENGAGE WITH A CPA FOR TAX PREPARATION SERVICES. A DRAFT OF THE TAX RETURN WILL BE PROVIDED TO THE SCHOOL DIRECTOR FOR REVIEW AND APPROVAL. THE FINAL TAX RETURN WILL BE PROVIDED TO THE BOARD FOR FORMAL ACCEPTANCE AT A PUBLIC BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL MEMBERS OF THE GOVERNING BOARD ANNUALLY FILE A STATEMENT OF ECONOMIC INTERESTS (FORM 700) DISCLOSING THOSE TYPES OF INVESTMENTS, INTERESTS IN REAL PROPERTY, SOURCES OF INCOME, AND BUSINESS POSITIONS THAT MAY AFFECT THEIR DECISION-MAKING. THE AUDIT COMMITTEE MONITORS COMPLIANCE AND REMINDS TRUSTEES TO SELF-MONITOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION FOR THE SCHOOL DIRECTOR AND OTHER KEY EMPLOYEES IS APPROVED BY THE BOARD OF DIRECTORS AND EXECUTED BY USE OF A WRITTEN EMPLOYMENT CONTRACT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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
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IRS990/TotalLiabilitiesGrp/EOYAmt01245451
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IRS990/TravelGrp/TotalAmt013463
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt082 SECOND STREET
IRS990/USAddress/CityNm0YUBA CITY
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IRS990/WebsiteAddressTxt0WWW.AEROSTEM.ORG
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOE CLARK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SCHOOL DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05307422531
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AEROSTEM ACADEMY INC
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0272956198
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHRISTY WHITE ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0348 OLIVE STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN DIEGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA

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