Civic Intelligence

Ridgecrest Elementary Academy For

990 • Fiscal year 2016 • EIN 33-0963233

Jul 01, 2015 to Jun 30, 2016 • Filed on May 09, 2017

325 S Downs StreetRidgecrest, CA 93555-4531

(760) 375-1010

Siviq Scores

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

Liabilities / Assets

41st percentile

0.05x

Higher debt load relative to assets than 41% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

32nd percentile

0.04x

Higher debt load relative to revenue than 32% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

65th percentile

8.0%

Higher net margin than 65% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

37th percentile

$12,824

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

75th percentile

12%

Faster asset growth than 75% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

66th percentile

10%

Faster revenue growth than 66% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$2,829,023

Up $299,811 (+12%) from 2015

Net Assets

Up

$2,676,416

Up $301,871 (+13%) from 2015

Liabilities

Down

$152,607

Down $2,060 (-1.3%) from 2015

Revenue

Up

$3,769,426

Up $344,011 (+10%) from 2015

Expenses

Up

$3,467,555

Up $27,031 (+0.8%) from 2015

Net Income

Up

$301,871

Up $316,980 (+2098%) from 2015

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$0Assets 2012: $2,127,426Liabilities 2012: $473,176Net Assets 2012: $1,654,2502012Assets 2013: $2,519,942Liabilities 2013: $381,352Net Assets 2013: $2,138,5902013Assets 2014: $2,642,050Liabilities 2014: $252,396Net Assets 2014: $2,389,6542014Assets 2015: $2,529,212Liabilities 2015: $154,667Net Assets 2015: $2,374,5452015Assets 2016: $2,829,023Liabilities 2016: $152,607Net Assets 2016: $2,676,4162016Assets 2017: $3,998,625Liabilities 2017: $160,070Net Assets 2017: $3,838,5552017Assets 2018: $5,719,050Liabilities 2018: $554,175Net Assets 2018: $5,164,8752018Assets 2020: $4,243,540Liabilities 2020: $544,305Net Assets 2020: $3,699,2352020Assets 2021: $5,032,140Liabilities 2021: $119,200Net Assets 2021: $4,912,9402021Assets 2022: $4,568,612Liabilities 2022: $229,717Net Assets 2022: $4,338,8952022

Highlighted filing

2016

Assets$2,829,023
Liabilities$152,607
Net Assets$2,676,416

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $1,970,6242012Expenses 2013: $2,181,2382013Revenue 2014: $3,075,381Expenses 2014: $2,824,317Net Income 2014: $251,0642014Revenue 2015: $3,425,415Expenses 2015: $3,440,524Net Income 2015: -$15,1092015Revenue 2016: $3,769,426Expenses 2016: $3,467,555Net Income 2016: $301,8712016Revenue 2017: $4,902,812Expenses 2017: $3,740,673Net Income 2017: $1,162,1392017Revenue 2018: $5,657,138Expenses 2018: $4,330,818Net Income 2018: $1,326,3202018Revenue 2020: $3,105,008Expenses 2020: $3,664,302Net Income 2020: -$559,2942020Revenue 2021: $3,927,825Expenses 2021: $2,714,120Net Income 2021: $1,213,7052021Revenue 2022: $2,670,517Expenses 2022: $3,244,562Net Income 2022: -$574,0452022

Highlighted filing

2016

Revenue$3,769,426
Expenses$3,467,555
Net Income$301,871
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 9, 2017
Return Version
2015v3.0
Gross Receipts
$3,769,426
Mission and Program Overview

Mission

To provide an experience-centered, life-long learner based environment that enables each student to meet the academic challenges and develop the social, emotional, and physical understanding necessary to succeed in life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,234,719$1,296,695▲ $61,976
Savings and Temporary Cash Investments$666,550$1,095,171▲ $428,621
Accounts Receivable$408,011$295,755▼ $112,256
Cash and Non-Interest-Bearing Accounts$166,923$88,629▼ $78,294
Prepaid Expenses and Deferred Charges$53,009$52,773▼ $236
Total Assets$2,529,212$2,829,023▲ $299,811
Liabilities
Accounts Payable and Accrued Expenses$154,667$152,607▼ $2,060
Total Liabilities$154,667$152,607▼ $2,060
Net Assets / Fund Balance
Unrestricted Net Assets$2,374,545$2,676,416▲ $301,871
Total Net Assets Fund Balance$2,374,545$2,676,416▲ $301,871
Total Liabilities and Net Assets / Fund Balance$2,529,212$2,829,023▲ $299,811

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,129,650$825,144$1,954,794
Land$133,750-$133,750
Equipment$33,295$38,117$71,412
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Chevonne PerryBoard Member$8,066$4,758$12,824

Board Members and Trustees

NameTitle
Elsa HenningsPresident
Celes SandersBoard Member
Steven MartinezExecutive Di
Ron KicinskiSecretary
Valerie KarnesTreasurer
Eileen ShibleyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$3,668,889
Program Service Revenue
$0
Investment Income
$852
Other Revenue
$99,685
Change in Net Assets
$301,871

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,769,426
Total Revenue per Audited Statements
$3,769,426
Total Revenue per Form 990
$3,769,426
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,356,998
Other Expenses$1,110,557
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,631,522$185,782-$1,817,304
Fees for Services Other-$300,684-$300,684
Other Employee Benefits$217,274$24,141-$241,415
Pension Plan Contributions$177,144$19,789-$196,933
Occupancy$164,575$4,316-$168,891
Depreciation Depletion$111,984--$111,984
Office Expenses-$80,141-$80,141
Payroll Taxes$53,887$5,987-$59,874
Travel$38,726$4,303-$43,029
Fees for Services Legal$6,586$35,367-$41,953
Current Officers, Directors, Trustees, and Key Employees$41,472--$41,472
Fees for Services Management-$31,130-$31,130
Insurance-$26,301-$26,301
Fees for Services Accounting-$10,320-$10,320
Advertising-$6,053-$6,053
Other Expenses$287,111$2,933-$2,933
Interest$27--$27
Total Functional Expenses$2,730,308$737,247$0$3,467,555

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,467,555
Total Expenses per Audited Statements$3,467,555
Total Expenses per Form 990$3,467,555
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
No
CEO compensation reviewed
Yes
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, Page 6, Part VI, Line 11B

The 990 return is initially reviewed by management and then reviewed by the board prior to filing the return.

Form 990, Page 6, Part VI, Line 12C

In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board of directors meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board members shall decide if a conflict of interest exists.

Form 990, Page 6, Part VI, Line 15A

The process includes all of these elements: (1) review and approval by the board (2) use of data as to comparable compensation; and (3) contemporaneous documentation and recordkeeping.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request. The organization's audited financial statements and board minutes are also available through its website.

Filing and Contact Details

Filer

Filer Name
Ridgecrest Charter School
EIN
33-0963233
Phone
7603751010
Address
325 S DOWNS STREET, RIDGECREST, CA 93555-4531

Signing Officer

Name
Steven Martinez
Title
Executive Director
Phone
0076037510
Signed
2017-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Martinez
Formed
2001
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
71
Volunteers
8

Preparer

Firm
Vicenti Lloyd & Stutzman
Address
2210 E ROUTE 66 STE 100, GLENDORA, CA 91740-4676
Preparer
Wade Mcmullen CPA
Phone
6268577300
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The school is a non-profit entity exempt from the payment of income taxes under internal revenue code section 501(c)(3)and california revenue and taxation code sections 23701d. Accordingly, no provision has been made for income taxes. Management has determined that all income tax positions are more likely than not of being sustained upon potential audit or examination: therefore, no disclosure of uncertain income tax positions are required. The school files informational returns in the u.s. Federal jurisdiction, and the state of california. The statute of limitations for federal and california state purposes is generally three and four years respectively.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS A NON-PROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3)AND CALIFORNIA REVENUE AND TAXATION CODE SECTIONS 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION: THEREFORE, NO DISCLOSURE OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE SCHOOL FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION, AND THE STATE OF CALIFORNIA. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS RESPECTIVELY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01296695
IRS990ScheduleD/TotalExpensesPerForm990Amt03467555
IRS990ScheduleD/TotalRevenuePerForm990Amt03769426
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03769426
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03467555
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/ExplanationTxt0DURING REGISTRATION AND SOLICITATION THROUGH SCHOOL DOCUMENTATION THERE ARE CLEAR STATEMENTS STATING THE NON-DISCRIMINATORY POLICY.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1RIDGECREST IS A PUBLIC CHARTER SCHOOL PRINCIPALLY FUNDED BY CALIFORNIA AND FEDERAL MONIES RECEIVED THROUGH THE CALIFORNIA DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 RETURN IS INITIALLY REVIEWED BY MANAGEMENT AND THEN REVIEWED BY THE BOARD PRIOR TO FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OF DIRECTORS MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROCESS INCLUDES ALL OF THESE ELEMENTS: (1) REVIEW AND APPROVAL BY THE BOARD (2) USE OF DATA AS TO COMPARABLE COMPENSATION; AND (3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS AND BOARD MINUTES ARE ALSO AVAILABLE THROUGH ITS WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02529212
IRS990/TotalAssetsEOYAmt02829023
IRS990/TotalAssetsGrp/BOYAmt02529212
IRS990/TotalAssetsGrp/EOYAmt02829023
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03668889
IRS990/TotalEmployeeCnt071
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0737247
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02730308
IRS990/TotalFunctionalExpensesGrp/TotalAmt03467555
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0154667
IRS990/TotalLiabilitiesEOYAmt0152607
IRS990/TotalLiabilitiesGrp/BOYAmt0154667
IRS990/TotalLiabilitiesGrp/EOYAmt0152607
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02374545
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02676416
IRS990/TotalOtherCompensationAmt04758
IRS990/TotalProgramServiceExpensesAmt02730308
IRS990/TotalReportableCompFromOrgAmt08066
IRS990/TotalRevenueGrp/ExclusionAmt0852
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt099685
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03769426
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02529212
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02829023
IRS990/TravelGrp/ManagementAndGeneralAmt04303
IRS990/TravelGrp/ProgramServicesAmt038726
IRS990/TravelGrp/TotalAmt043029
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02374545
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02676416
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0325 S DOWNS STREET
IRS990/USAddress/CityNm0RIDGECREST
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd093555
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0HTTP://WWW.RIDGECRESTCHARTERSCHOOL.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVEN MARTINEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum00076037510
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RIDGECREST CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0RIDG
ReturnHeader/Filer/EIN0330963233
ReturnHeader/Filer/PhoneNum07603751010
ReturnHeader/Filer/USAddress/AddressLine1Txt0325 S DOWNS STREET
ReturnHeader/Filer/USAddress/CityNm0RIDGECREST
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd0935554531
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0952242818
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VICENTI LLOYD & STUTZMAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02210 E ROUTE 66 STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLENDORA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0917404676
ReturnHeader/PreparerPersonGrp/PhoneNum06268577300
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WADE MCMULLEN CPA
ReturnHeader/ReturnTs02017-05-10T14:15:56-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

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