Civic Intelligence

Sol Aureus College Preparatory

990 • Fiscal year 2016 • EIN 35-2191462

Jul 01, 2015 to Jun 30, 2016 • Filed on May 11, 2017

Organization Profilewww.sacprep.org
6620 Gloria DriveSacramento, CA 95831

(916) 421-0600

Siviq Scores

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

Liabilities / Assets

60th percentile

0.18x

Higher debt load relative to assets than 60% of similar nonprofits.

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

Liabilities / Revenue

54th percentile

0.13x

Higher debt load relative to revenue than 54% of similar nonprofits.

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

Net Margin

77th percentile

17%

Higher net margin than 77% of similar nonprofits.

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

Top Officer Pay

70th percentile

$103,000

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

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

Asset Growth

87th percentile

32%

Faster asset growth than 87% of similar nonprofits.

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

Revenue Growth

78th percentile

22%

Faster revenue growth than 78% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$1,902,070

Up $459,265 (+32%) from 2015

Net Assets

Up

$1,559,812

Up $440,138 (+39%) from 2015

Liabilities

Up

$342,258

Up $19,127 (+5.9%) from 2015

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin77th percentile

Revenue

Up

$2,570,422

Up $459,985 (+22%) from 2015

Expenses

Up

$2,130,284

Up $424,109 (+25%) from 2015

Net Income

Up

$440,138

Up $35,876 (+8.9%) from 2015

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

2016

Assets$1,902,070
Liabilities$342,258
Net Assets$1,559,812
Open 2016 Filing

Operations Trend

Revenue Growth78th percentile

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

2016

Revenue$2,570,422
Expenses$2,130,284
Net Income$440,138
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 11, 2017
Return Version
2015v3.0
Gross Receipts
$2,570,422
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$949,039$1,454,498▲ $505,459
Pledges and Grants Receivable$456,292$426,371▼ $29,921
Land, Buildings, and Equipment, Net$11,947$14,823▲ $2,876
Prepaid Expenses and Deferred Charges$25,527$6,378▼ $19,149
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$1,442,805$1,902,070▲ $459,265
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$323,131$342,258▲ $19,127
Total Liabilities$323,131$342,258▲ $19,127
Net Assets / Fund Balance
Unrestricted Net Assets$1,064,088$1,427,970▲ $363,882
Temporarily Rstr Net Assets$55,586$131,842▲ $76,256
Total Net Assets Fund Balance$1,119,674$1,559,812▲ $440,138
Total Liabilities and Net Assets / Fund Balance$1,442,805$1,902,070▲ $459,265

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$14,823$9,088-
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Judy YangDirector CurriculumFT$103,000$103,000
Norman HernandezDirector OperationsFT$103,000$103,000

Board Members and Trustees

NameTitle
Pam SaltenbergerPresident
Jeffery Javinar JDVice President
David MackDirector
Deborah LoftDirector
Deepak AswaniDirector
Ginny HargraveDirector
Robert J FerrimanDirector
Nancy LawrenceSecretary
Sarah EllisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,567,094
Program Service Revenue
$3,328
Investment Income
$0
Other Revenue
$0
All Other Contributions
$32,000
Change in Net Assets
$440,138

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,570,422
Total Revenue per Audited Statements
$2,570,422
Total Revenue per Form 990
$2,570,422
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,431,445
Other Expenses$698,839
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$855,713$103,568-$959,281
Other Employee Benefits$222,820$43,344-$266,164
Current Officers, Directors, Trustees, and Key Employees$103,000$103,000-$206,000
Occupancy$117,182$29,296-$146,478
All Other Expenses$48,719$26,994-$75,713
Information Technology$34,175$555-$34,730
Other Expenses$27,044$6,761-$33,805
Insurance$19,965$4,991-$24,956
Fees for Services Accounting-$13,500-$13,500
Fees for Services Other$2,754$4,130-$6,884
Depreciation Depletion$3,640$910-$4,550
Fees for Services Legal-$3,265-$3,265
Travel$726$182-$908
Advertising$775--$775
Total Functional Expenses$1,783,653$346,631$0$2,130,284

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,130,284
Total Expenses per Audited Statements$2,130,284
Total Expenses per Form 990$2,130,284
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

Filer Name
Sol Aureus College Preparatory
EIN
35-2191462
Phone
9164210600
Address
6620 Gloria Drive, Sacramento, CA 95831

Signing Officer

Name
Norman Hernandez
Title
Executive Director
Signed
2017-05-11
Discuss with paid preparer
Yes

Organization Details

Formed
2003
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
9
Employees
35
Volunteers
25

Preparer

Firm
MANN URRUTIA NELSON CPAs & ASSOC LLP
Address
2901 Douglas Blvd Suite 290, Roseville, CA 95661-3824
Preparer
Michelle O Nelson CPA
Phone
9167744208
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Organization, pursuant to a determination letter from the Internal Revenue Service, is exempt from Federal and State income taxes under Section 501(c)(3) of the Internal Revenue code and Section 23701(d) of the California Revenue and Taxation Code.The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the Organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Organization and various positions related to the potential sources of unrelated business taxable income (UBIT). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities at June 30, 2016. Open tax years subject to examination by the U.S. and state authorities are for the years 2012 to 2014, which statues expire in 2015 to 2017, respectively.”

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IRS990/LandBldgEquipAccumDeprecAmt09088
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt014823
IRS990/LandBldgEquipCostOrOtherBssAmt023911
IRS990/LegalDomicileStateCd0CA
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
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IRS990/MaterialDiversionOrMisuseInd0false
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IRS990/MethodOfAccountingAccrualInd0X
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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/NetAssetsOrFundBalancesBOYAmt01119674
IRS990/NetAssetsOrFundBalancesEOYAmt01559812
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt029296
IRS990/OccupancyGrp/ProgramServicesAmt0117182
IRS990/OccupancyGrp/TotalAmt0146478
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt043344
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0222820
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0266164
IRS990/OtherExpensesGrp/Desc0Special Ed Enroachment
IRS990/OtherExpensesGrp/Desc1Supplies and Materials
IRS990/OtherExpensesGrp/Desc2Field Trips
IRS990/OtherExpensesGrp/Desc3Equipment Lease
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06135
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16761
IRS990/OtherExpensesGrp/ProgramServicesAmt0208038
IRS990/OtherExpensesGrp/ProgramServicesAmt191549
IRS990/OtherExpensesGrp/ProgramServicesAmt247553
IRS990/OtherExpensesGrp/ProgramServicesAmt327044
IRS990/OtherExpensesGrp/TotalAmt0208038
IRS990/OtherExpensesGrp/TotalAmt197684
IRS990/OtherExpensesGrp/TotalAmt247553
IRS990/OtherExpensesGrp/TotalAmt333805
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0103568
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0855713
IRS990/OtherSalariesAndWagesGrp/TotalAmt0959281
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0456292
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0426371
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt025527
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06378
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0Food Sales/Uniform Sales
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03328
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03328
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02106445
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0655799
IRS990/PYProgramServiceRevenueAmt03992
IRS990/PYRevenuesLessExpensesAmt0404262
IRS990/PYSalariesCompEmpBnftPaidAmt01050376
IRS990/PYTotalExpensesAmt01706175
IRS990/PYTotalRevenueAmt02110437
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0440138
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/BookValueAmt014823
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09088
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt023911
IRS990ScheduleD/ExpensesSubtotalAmt02130284
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt02570422
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization, pursuant to a determination letter from the Internal Revenue Service, is exempt from Federal and State income taxes under Section 501(c)(3) of the Internal Revenue code and Section 23701(d) of the California Revenue and Taxation Code.The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the Organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Organization and various positions related to the potential sources of unrelated business taxable income (UBIT). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities at June 30, 2016. Open tax years subject to examination by the U.S. and state authorities are for the years 2012 to 2014, which statues expire in 2015 to 2017, respectively.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014823
IRS990ScheduleD/TotalExpensesPerForm990Amt02130284
IRS990ScheduleD/TotalRevenuePerForm990Amt02570422
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02570422
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02130284
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
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt055586
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0131842
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01442805
IRS990/TotalAssetsEOYAmt01902070
IRS990/TotalAssetsGrp/BOYAmt01442805
IRS990/TotalAssetsGrp/EOYAmt01902070

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,902,070
Liabilities
$342,258
Net assets
$1,559,812
Revenue
$2,570,422
Expenses
$2,130,284
Net income
$440,138
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. 2016 filings • 501(c)3 • $1M-$5M nonprofits