Civic Intelligence

Sol Aureus College Preparatory

990 • Fiscal year 2014 • EIN 35-2191462

Jul 01, 2013 to Jun 30, 2014 • Filed on May 13, 2015

Organization Profilewww.sacprep.org
6620 Gloria Drive95831

(916) 421-0600

Siviq Scores

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

Liabilities / Assets

55th percentile

0.15x

Higher debt load relative to assets than 55% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

42nd percentile

0.08x

Higher debt load relative to revenue than 42% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

80th percentile

22%

Higher net margin than 80% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

59th percentile

$78,756

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

87th percentile

31%

Faster asset growth than 87% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$890,246

Up $210,937 (+31%) from 2013

Net Assets

Up

$755,012

Up $392,224 (+108%) from 2013

Liabilities

Down

$135,234

Down $181,287 (-57%) from 2013

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin80th percentile

Revenue

$1,800,357

No earlier filing loaded for comparison.

Expenses

Up

$1,408,133

Up $183,277 (+15%) from 2013

Net Income

$392,224

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

$6.0M$4.0M$2.0M$0Assets 2013: $679,309Liabilities 2013: $316,521Net Assets 2013: $362,7882013Assets 2014: $890,246Liabilities 2014: $135,234Net Assets 2014: $755,0122014Assets 2015: $1,442,805Liabilities 2015: $323,131Net Assets 2015: $1,119,6742015Assets 2016: $1,902,070Liabilities 2016: $342,258Net Assets 2016: $1,559,8122016Assets 2017: $2,301,860Liabilities 2017: $369,323Net Assets 2017: $1,932,5372017Assets 2018: $2,747,836Liabilities 2018: $793,567Net Assets 2018: $1,954,2692018Assets 2019: $3,352,998Liabilities 2019: $708,744Net Assets 2019: $2,644,2542019Assets 2020: $4,034,356Liabilities 2020: $788,176Net Assets 2020: $3,246,1802020Assets 2021: $5,035,072Liabilities 2021: $1,410,848Net Assets 2021: $3,624,2242021Assets 2022: $4,248,061Liabilities 2022: $916,943Net Assets 2022: $3,331,1182022

Highlighted filing

2014

Assets$890,246
Liabilities$135,234
Net Assets$755,012
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2013: $1,224,8562013Revenue 2014: $1,800,357Expenses 2014: $1,408,133Net Income 2014: $392,2242014Revenue 2015: $2,110,437Expenses 2015: $1,706,175Net Income 2015: $404,2622015Revenue 2016: $2,570,422Expenses 2016: $2,130,284Net Income 2016: $440,1382016Revenue 2017: $2,712,577Expenses 2017: $2,339,852Net Income 2017: $372,7252017Revenue 2018: $3,067,178Expenses 2018: $3,045,446Net Income 2018: $21,7322018Revenue 2019: $3,919,432Expenses 2019: $3,229,447Net Income 2019: $689,9852019Revenue 2020: $4,061,359Expenses 2020: $3,459,433Net Income 2020: $601,9262020Revenue 2021: $4,190,255Expenses 2021: $3,812,211Net Income 2021: $378,0442021Revenue 2022: $4,148,314Expenses 2022: $4,441,420Net Income 2022: -$293,1062022

Highlighted filing

2014

Revenue$1,800,357
Expenses$1,408,133
Net Income$392,224
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 13, 2015
Return Version
2013v4.0
Gross Receipts
$1,800,357
Mission and Program Overview

Mission

A state public charter school whose purpose is to prepare its students with the knowledge, skills, and habits necessary to compete and be successful in college and in life.

A state public charter school who's purpose is to prepare its students with the knowledge, skills, and habits necessary to compete and be successful in college and in life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$19,219$549,650▲ $530,431
Pledges and Grants Receivable$650,830$324,146▼ $326,684
Prepaid Expenses and Deferred Charges$8,105$10,927▲ $2,822
Land, Buildings, and Equipment, Net$1,155$5,523▲ $4,368
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$679,309$890,246▲ $210,937
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$316,521$135,234▼ $181,287
Total Liabilities$316,521$135,234▼ $181,287
Net Assets / Fund Balance
Unrestricted Net Assets$357,108$697,030▲ $339,922
Temporarily Rstr Net Assets$5,680$57,982▲ $52,302
Total Net Assets Fund Balance$362,788$755,012▲ $392,224
Total Liabilities and Net Assets / Fund Balance$679,309$890,246▲ $210,937

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,523$1,042-
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Judy YangDirector CurriculumFT$78,756$78,756
Norman HernandezDirector OperationsFT$73,269$73,269

Board Members and Trustees

NameTitle
Pam SaltenbergerPresident
Jeffery Javinar JKVice President
Alice McAuliffeDirector
David MackDirector
Deniqua Glasper-SmithDirector
Joe DeBiasio IVDirector
Nancy LawrenceDirector
Robert J FerrimanDirector
Sarah EllisDirector
Ruth Holton-HodsonSecretary
Joe DeBiasioTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,775,990
Program Service Revenue
$24,367
Investment Income
$0
Other Revenue
$0
All Other Contributions
$59,505
Change in Net Assets
$392,224

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,800,357
Total Revenue per Audited Statements
$1,800,357
Total Revenue per Form 990
$1,800,357
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$858,627
Other Expenses$549,506
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$490,399$39,739-$530,138
Current Officers, Directors, Trustees, and Key Employees$86,625$86,625-$173,250
Other Employee Benefits$130,099$25,140-$155,239
Occupancy$118,541$29,634-$148,175
All Other Expenses$73,795$4,128-$77,923
Other Expenses$23,746$23,647-$23,647
Insurance$18,060$4,515-$22,575
Fees for Services Other$5,321$7,981-$13,302
Fees for Services Accounting-$9,000-$9,000
Information Technology$5,554$1,389-$6,943
Depreciation Depletion$1,527$382-$1,909
Advertising$1,839--$1,839
Fees for Services Legal-$827-$827
Interest-$151-$151
Total Functional Expenses$1,162,660$245,473$0$1,408,133

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,408,133
Total Expenses per Audited Statements$1,408,133
Total Expenses per Form 990$1,408,133
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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, Part VI, Line 11B: Form 990 Review Process

“The 990 is reviewed by the Finance Committee and the full board annually; Typically in the spring as it coincides with the tax filing and the board's annual retreat. A member of the finance committee is responsible for facilitating the completion of the 990 review, reviewing elements of the 990, and highlighting any changes since the last filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Around the time of the board retreat, the Conflict of Interest is reviewed by the full board. Members are asked to read and sign the agreement signifying that they have received, read, and reviewed the policy. Any contract or agreement is reviewed by the board before the director is allowed to execute an agreement. During the review process by the board, all members of the board, particularly the board chair and finance committee, are empowered to and regularly ask questions regarding potential conflict of interest. Most school business rarely, if ever, involve any overlapping relationships that would fall under the conflict of interest policy.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The Principals' compensation is compared to other persons in the same line of work. This process is done and reviewed by the independent board.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The Organization makes it governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

EIN
35-2191462
Phone
9164210600

Signing Officer

Name
Joe DeBiasio
Title
Treasurer
Signed
2015-05-13
Discuss with paid preparer
Yes

Organization Details

Formed
2003
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
11
Employees
19
Volunteers
100

Preparer

Preparer
Michelle O Nelson CPA
Phone
9167744208
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“SAC Prep is a tax-exempt organization, under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the California Revenue and Taxation Code. Accordingly, no provision for income taxes has been included in the accompanying financial statements. However, SAC Prep files, when necessary, unrelated business income tax returns. SAC Prep has accounted for uncertainty in income taxes as required by the Accounting for Uncertainty in Income Taxes topic of the FASB Accounting Standards Codification. SAC Prep uses a comprehensive model for recognizing, and measuring, presenting and disclosing in the financial statements tax positions taken or expected to be taken on a tax return. A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit is recorded. The effect of applying this model and the resulting identification of uncertain tax positions, if any, were not considered significant for financial reporting purposes.”

Raw XML AppendixShowing 400 of 471 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/BOYAmt0316521
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0135234
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0A state public charter school who's purpose is to prepare its students with the knowledge, skills, and habits necessary to compete and be successful in college and in life.
IRS990/AdvertisingGrp/ProgramServicesAmt01839
IRS990/AdvertisingGrp/TotalAmt01839
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherContributionsAmt059505
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt04128
IRS990/AllOtherExpensesGrp/ProgramServicesAmt073795
IRS990/AllOtherExpensesGrp/TotalAmt077923
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Norman Hernandez
IRS990/BooksInCareOfDetail/PhoneNum09164210600
IRS990/BooksInCareOfDetail/USAddress/AddressLine106620 Gloria Drive
IRS990/BooksInCareOfDetail/USAddress/City0Sacramento
IRS990/BooksInCareOfDetail/USAddress/State0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCode095831
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt019219
IRS990/CashNonInterestBearingGrp/EOYAmt0549650
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt086625
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt086625
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0173250
IRS990/CompDisqualPersonsGrp/ManagementAndGeneralAmt039739
IRS990/CompDisqualPersonsGrp/ProgramServicesAmt0490399
IRS990/CompDisqualPersonsGrp/TotalAmt0530138
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01775990
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0549506
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt024367
IRS990/CYRevenuesLessExpensesAmt0392224
IRS990/CYSalariesCompEmpBnftPaidAmt0858627
IRS990/CYTotalExpensesAmt01408133
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01800357
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0382
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01527
IRS990/DepreciationDepletionGrp/TotalAmt01909
IRS990/Desc0Educational Programs - Prepare students with the knowledge, skills, and habits necessary to compete and be successful in college and in life.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt019
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExcessBusinessHoldingsInd0false
IRS990/ExpenseAmt01162660
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt09000
IRS990/FeesForServicesAccountingGrp/TotalAmt09000
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0827
IRS990/FeesForServicesLegalGrp/TotalAmt0827
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt07981
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt05321
IRS990/FeesForServicesOtherGrp/TotalAmt013302
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1240.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/PersonNm0David Mack
IRS990/Form990PartVIISectionAGrp/PersonNm1Sarah Ellis
IRS990/Form990PartVIISectionAGrp/PersonNm2Robert J Ferriman
IRS990/Form990PartVIISectionAGrp/PersonNm3Pam Saltenberger
IRS990/Form990PartVIISectionAGrp/PersonNm4Joe DeBiasio
IRS990/Form990PartVIISectionAGrp/PersonNm5Ruth Holton-Hodson
IRS990/Form990PartVIISectionAGrp/PersonNm6Joe DeBiasio IV
IRS990/Form990PartVIISectionAGrp/PersonNm7Alice McAuliffe
IRS990/Form990PartVIISectionAGrp/PersonNm8Deniqua Glasper-Smith
IRS990/Form990PartVIISectionAGrp/PersonNm9Jeffery Javinar JK
IRS990/Form990PartVIISectionAGrp/PersonNm10Nancy Lawrence
IRS990/Form990PartVIISectionAGrp/PersonNm11Norman Hernandez
IRS990/Form990PartVIISectionAGrp/PersonNm12Judy Yang
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1173269
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1278756
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Dir. Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt12Dir. Curriculum
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt01716485
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01800357
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01389
IRS990/InformationTechnologyGrp/ProgramServicesAmt05554
IRS990/InformationTechnologyGrp/TotalAmt06943
IRS990/InsuranceGrp/ManagementAndGeneralAmt04515
IRS990/InsuranceGrp/ProgramServicesAmt018060
IRS990/InsuranceGrp/TotalAmt022575
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt0151
IRS990/InterestGrp/TotalAmt0151
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01042
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01155
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05523
IRS990/LandBldgEquipCostOrOtherBssAmt06565
IRS990/LegalDomicileStateCd0CA
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0A state public charter school who's purpose is to prepare its students with the knowledge, skills, and habits necessary to compete and be successful in college and in life.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0362788
IRS990/NetAssetsOrFundBalancesEOYAmt0755012
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt029634
IRS990/OccupancyGrp/ProgramServicesAmt0118541
IRS990/OccupancyGrp/TotalAmt0148175
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt025140
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0130099
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0155239
IRS990/OtherExpensesGrp/Desc0Special Ed Enroachment
IRS990/OtherExpensesGrp/Desc1Supplies and Materials
IRS990/OtherExpensesGrp/Desc2Equipment Lease
IRS990/OtherExpensesGrp/Desc3Other Operating Expenses
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06379
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15936
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt223647
IRS990/OtherExpensesGrp/ProgramServicesAmt0152014
IRS990/OtherExpensesGrp/ProgramServicesAmt155140
IRS990/OtherExpensesGrp/ProgramServicesAmt223746
IRS990/OtherExpensesGrp/TotalAmt0152014
IRS990/OtherExpensesGrp/TotalAmt161519
IRS990/OtherExpensesGrp/TotalAmt229682
IRS990/OtherExpensesGrp/TotalAmt323647
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0650830
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0324146
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08105
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010927
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0Food Sales/Uniform Sales
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt024367
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt024367
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01470309
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0392296
IRS990/PYProgramServiceRevenueAmt06746
IRS990/PYRevenuesLessExpensesAmt0252199
IRS990/PYSalariesCompEmpBnftPaidAmt0832560
IRS990/PYTotalExpensesAmt01224856
IRS990/PYTotalRevenueAmt01477055
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0392224
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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/BookValueAmt05523
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01042
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt06565
IRS990ScheduleD/ExpensesSubtotalAmt01408133
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt01800357
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SAC Prep is a tax-exempt organization, under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the California Revenue and Taxation Code. Accordingly, no provision for income taxes has been included in the accompanying financial statements. However, SAC Prep files, when necessary, unrelated business income tax returns. SAC Prep has accounted for uncertainty in income taxes as required by the Accounting for Uncertainty in Income Taxes topic of the FASB Accounting Standards Codification. SAC Prep uses a comprehensive model for recognizing, and measuring, presenting and disclosing in the financial statements tax positions taken or expected to be taken on a tax return. A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit is recorded. The effect of applying this model and the resulting identification of uncertain tax positions, if any, were not considered significant for financial reporting purposes.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05523
IRS990ScheduleD/TotalExpensesPerForm990Amt01408133
IRS990ScheduleD/TotalRevenuePerForm990Amt01800357
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01800357
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01408133
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 the Enrollment Process, Sol Aureus College Preparatory notifies all potential candidates and their parents in the "Admission Requirements Document" the following:Sol Aureus is a free public school that is open to all residents of the State of California. Sol Aureus does not discriminate on the basis of race, religion, gender, sexual orientation, national origin, disbility or any of the characteristics listed in Section 220 of the Education Code of the students and parents or guardians.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is reviewed by the Finance Committee and the full board annually; Typically in the spring as it coincides with the tax filing and the board's annual retreat. A member of the finance committee is responsible for facilitating the completion of the 990 review, reviewing elements of the 990, and highlighting any changes since the last filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Around the time of the board retreat, the Conflict of Interest is reviewed by the full board. Members are asked to read and sign the agreement signifying that they have received, read, and reviewed the policy. Any contract or agreement is reviewed by the board before the director is allowed to execute an agreement. During the review process by the board, all members of the board, particularly the board chair and finance committee, are empowered to and regularly ask questions regarding potential conflict of interest. Most school business rarely, if ever, involve any overlapping relationships that would fall under the conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Principals' compensation is compared to other persons in the same line of work. This process is done and reviewed by the independent board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization makes it governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$890,246
Liabilities
$135,234
Net assets
$755,012
Revenue
$1,800,357
Expenses
$1,408,133
Net income
$392,224
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.25$0.92$3.33$4.15$4.44$0.29
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.04$1.41$3.62$4.19$3.81$0.38
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.03$0.79$3.25$4.06$3.46$0.60
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.35$0.71$2.64$3.92$3.23$0.69
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.75$0.79$1.95$3.07$3.05$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.30$0.37$1.93$2.71$2.34$0.37
2016Detailed filing. Detailed filing data is available for this year.$1.90$0.34$1.56$2.57$2.13$0.44
2015Detailed filing. Detailed filing data is available for this year.$1.44$0.32$1.12$2.11$1.71$0.40
2014Detailed filing. Detailed filing data is available for this year.$0.89$0.14$0.76$1.80$1.41$0.39
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.32$0.36$1.22
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • $1M-$5M nonprofits

Location unavailable

View Organization

900582182

501(c)3

Revenue$1,803,130
Assets$0

Revenue vs current organization

About the same

Assets vs current organization

100% lower