Civic Intelligence

Aerostem Academy Inc.

990 • Fiscal year 2019 • EIN 32-0570253

Jul 01, 2018 to Jun 30, 2019 • Filed on Jun 15, 2020

Organization ProfileWWW.AEROSTEM.ORG
321 16th StreetMarysville, CA 95901

(530) 742-2531

Siviq Scores

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

Liabilities / Assets

95th percentile

1.29x

Higher debt load relative to assets than 95% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

90th percentile

0.94x

Higher debt load relative to revenue than 90% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

13th percentile

-21%

Higher net margin than 13% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Balance Sheet
Liabilities / Assets95th percentile

Assets

$656,870

No earlier filing loaded for comparison.

Net Assets

-$193,541

No earlier filing loaded for comparison.

Liabilities

$850,411

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin13th percentile

Revenue

$905,489

No earlier filing loaded for comparison.

Expenses

$1,099,030

No earlier filing loaded for comparison.

Net Income

-$193,541

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KAssets 2019: $656,870Liabilities 2019: $850,411Net Assets 2019: -$193,5412019Assets 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

2019

Assets$656,870
Liabilities$850,411
Net Assets-$193,541
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $905,489Expenses 2019: $1,099,030Net Income 2019: -$193,5412019Revenue 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

2019

Revenue$905,489
Expenses$1,099,030
Net Income-$193,541
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jun 15, 2020
Return Version
2018v3.1
Gross Receipts
$905,489
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-$348,286-
Accounts Receivable-$166,825-
Land, Buildings, and Equipment, Net$0$91,759▲ $91,759
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$-193,541▼ $193,541
Total Assets$0$656,870▲ $656,870
Other Assets Total$0$50,000▲ $50,000
Liabilities
Unsecured Notes Loans Payable-$785,949-
Accounts Payable and Accrued Expenses-$64,462-
Total Liabilities$0$850,411▲ $850,411
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$-193,541▼ $193,541
Total Liabilities and Net Assets / Fund Balance$0$656,870▲ $656,870

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$55,615$6,179$61,794
Other Land Buildings$36,144-$36,144
Other Assets Org$50,000--
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
David HeslopPresident
Chris MahurinExecutive Director
Leslie SandersMember
Sandra FowlerMember
Dallan ReeseSecretary
Tera HeacockTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$899,011
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$6,478
Change in Net Assets
$-193,541

Audited Revenue Reconciliation

Revenue per Audited Statements
$905,489
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$905,489
Total Revenue per Form 990
$905,489
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$644,454
Other Expenses$454,576
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$350,181$31,259-$381,440
Other Employee Benefits$255,650$7,364-$263,014
Other Expenses$153,339$62,973-$216,312
Occupancy$88,577$45,333-$133,910
Fees for Services Management$26,685$1,854-$28,539
Insurance$21,238--$21,238
Office Expenses$17,175--$17,175
Interest-$12,733-$12,733
Fees for Services Other-$9,579-$9,579
Conferences and Meetings$8,911--$8,911
Depreciation Depletion-$6,179-$6,179
Total Functional Expenses$921,756$177,274$0$1,099,030

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,099,030
Total Expenses per Audited Statements$1,099,030
Total Expenses per Form 990$1,099,030
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
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
Yes
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 executive 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 executive 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 statemetns 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
321 16TH STREET, MARYSVILLE, CA 95901

Signing Officer

Name
Chris Mahurin
Title
Executive Director
Phone
5307422531
Signed
2020-06-15

Organization Details

Principal Officer
Board President
Formed
2017
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Christy White Associates
Address
348 OLIVE STREET, SAN DIEGO, CA 92103
Preparer
Christy White
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.”

Raw XML Appendix366 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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IRS990/Desc0OPERATION OF A PUBLIC CHARTER HIGH SCHOOL. AEROSTEM ACADEMY PROVIDES AN EDUCATIONAL MODEL FOR JUNIOR HIGH AND HIGH SCHOOL STUDENTS WHO VALUE LEARNING AND WANT TO PREPARE FOR THEIR FUTURE CAREER NOW. THE AEROSTEM ACADEMY PROGRAM PURSUES ITS OBJECTIVE: TO INTRODUCE STUDENTS TO THE CRITICAL NEED FOR SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS (STEM) KNOWLEDGE BY INTEGRATING STEM SKILLS INTO ALL SUBJECT AREAS. AS A RESULT, STUDENTS ATTACH VALUABLE, PERSONAL MEANING TO THEIR LEARNING IN THE GROWING TECHNOLOGICAL ECONOMY OF THE 21ST CENTURY.
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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 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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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.
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IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0METHODS FOR ESTABLISHING COMPENSATION OF THE EXECUTIVE DIRECTOR INCLUDED A WRITTEN EMPLOYMENT CONTRACT AND APPROVAL BY THE BOARD THROUGH CORE CHARTER SCHOOL. THE EXECUTIVE DIRECTOR REMAINS AN EMPLOYEE OF CORE CHARTER SCHOOL AND SERVICES ARE COVERED BY A MEMORANDUM OF UNDERSTANDING (MOU) AGREEMENT FOR ADMINISTRATIVE SUPPORT SERVICES. FEES PAID OR PAYABLE TO CORE CHARTER SCHOOL FOR THE 2018-19 FISCAL YEAR AMOUNTED TO $28,539. ALL EMPLOYEES OF AEROSTEM ACADEMY WERE COMPENSATED BY CORE CHARTER SCHOOL, A SEPARATE NONPROFIT ORGANIZATION, DURING AEROSTEM ACADEMY'S INITIAL YEAR OF OPERATION. AEROSTEM ACADEMY WAS PREVIOUSLY A LEARNING RESOURCE CENTER OF CORE CHARTER SCHOOL THUS ALL EMPLOYEES THAT WERE CURRENTLY EMPLOYED BY CORE CHARTER SCHOOL FOR THE AEROSTEM PROGRAM WERE LATER HIRED BY AEROSTEM ACADEMY. ALTHOUGH EMPLOYEE SALARIES WERE PAID DIRECTLY FROM CORE CHARTER SCHOOL, THE TIME AND EFFORT OF THESE EMPLOYEES WAS DIRECTLY TO BENEFIT AEROSTEM ACADEMY AND ARE TO BE REIMBURSED DURING REPAYMENT OF THE CURRENT LOAN TO CORE CHARTER SCHOOL.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
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 EXECUTIVE 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 EXECUTIVE 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 STATEMETNS 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
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt0656870
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0656870
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0899011
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0177274
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0921756
IRS990/TotalFunctionalExpensesGrp/TotalAmt01099030
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0850411
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0850411
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-193541
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0921756
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06478
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0905489
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0656870
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0785949
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0321 16TH STREET
IRS990/USAddress/CityNm0MARYSVILLE
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd095901
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.AEROSTEM.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRIS MAHURIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05307422531
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AEROSTEM ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0AERO
ReturnHeader/Filer/EIN0320570253
ReturnHeader/Filer/PhoneNum05307422531
ReturnHeader/Filer/USAddress/AddressLine1Txt0321 16TH STREET
ReturnHeader/Filer/USAddress/CityNm0MARYSVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd095901
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId037EA6024B0502BD0C735172C5F133E36DB84DE58
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId037EA6024B0502BD0C735172C5F133E36DB84DE58
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt012.175.85.34
ReturnHeader/FilingSecurityInformation/IPDt02020-06-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm015:51:40
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0272956198
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHRISTY WHITE ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0348 OLIVE STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN DIEGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092103
ReturnHeader/PreparerPersonGrp/PhoneNum06192708222
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTY WHITE
ReturnHeader/ReturnTs02020-06-15T15:51:44-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$656,870
Liabilities
$850,411
Net assets
-$193,541
Revenue
$905,489
Expenses
$1,099,030
Net income
-$193,541
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$1.25$0.06$2.15$2.30$0.16
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.75$0.17$2.55$2.53$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.22$1.06$0.16$1.83$1.61$0.21
2019Detailed filing. Detailed filing data is available for this year.$0.66$0.85$0.19$0.91$1.10$0.19