Civic Intelligence

National University Academy

990 • Fiscal year 2016 • EIN 35-2358696

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

11355 North Torrey Pines RoadLA Jolla, CA 92037

(858) 642-8100

Siviq Scores

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

Liabilities / Assets

81st percentile

0.64x

Higher debt load relative to assets than 81% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

69th percentile

0.48x

Higher debt load relative to revenue than 69% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

78th percentile

16%

Higher net margin than 78% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

53rd percentile

$126,380

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

98th percentile

212%

Faster asset growth than 98% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

72nd percentile

13%

Faster revenue growth than 72% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$5,639,309

Up $3,829,938 (+212%) from 2015

Net Assets

Up

$2,027,714

Up $1,230,685 (+154%) from 2015

Liabilities

Up

$3,611,595

Up $2,599,253 (+257%) from 2015

Revenue

Up

$7,574,530

Up $898,324 (+13%) from 2015

Expenses

Down

$6,336,345

Down $519,555 (-7.6%) from 2015

Net Income

Up

$1,238,185

Up $1,417,879 (+789%) from 2015

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $2,189,100Liabilities 2011: $1,162,753Net Assets 2011: $1,026,3472011Assets 2012: $2,876,650Liabilities 2012: $1,482,666Net Assets 2012: $1,393,9842012Assets 2013: $2,783,973Liabilities 2013: $1,204,135Net Assets 2013: $1,579,8382013Assets 2015: $1,809,371Liabilities 2015: $1,012,342Net Assets 2015: $797,0292015Assets 2016: $5,639,309Liabilities 2016: $3,611,595Net Assets 2016: $2,027,7142016Assets 2017: $3,806,467Liabilities 2017: $1,691,658Net Assets 2017: $2,114,8092017Assets 2018: $8,928,726Liabilities 2018: $7,339,579Net Assets 2018: $1,589,1472018Assets 2020: $3,163,804Liabilities 2020: $3,096,713Net Assets 2020: $67,0912020Assets 2021: $599,274Liabilities 2021: $550,188Net Assets 2021: $49,0862021Assets 2024: $605,436Liabilities 2024: $526,025Net Assets 2024: $79,4112024

Highlighted filing

2016

Assets$5,639,309
Liabilities$3,611,595
Net Assets$2,027,714

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2011: $3,718,0472011Expenses 2012: $4,548,5682012Expenses 2013: $4,675,9772013Revenue 2015: $6,676,206Expenses 2015: $6,855,900Net Income 2015: -$179,6942015Revenue 2016: $7,574,530Expenses 2016: $6,336,345Net Income 2016: $1,238,1852016Revenue 2017: $7,728,078Expenses 2017: $7,640,983Net Income 2017: $87,0952017Revenue 2018: $6,188,590Expenses 2018: $6,714,252Net Income 2018: -$525,6622018Revenue 2020: $67,096Expenses 2020: $0Net Income 2020: $67,0962020Revenue 2021: $4,511Expenses 2021: $2,540Net Income 2021: $1,9712021Revenue 2024: $16,298Expenses 2024: $0Net Income 2024: $16,2982024

Highlighted filing

2016

Revenue$7,574,530
Expenses$6,336,345
Net Income$1,238,185
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 11, 2017
Return Version
2015v3.0
Gross Receipts
$7,574,530
Mission and Program Overview

Mission

National university academy is dedicated to creating k-12 learning opportunities which are accessible, challenging, and relevant to a diverse population of students.nua offers site-based and hybrid instruction and online weekend coursework to provide a comprehensive program that creates multiple pathways to post secondary and career success. The program emphasizes a strong, interdisciplinary academic program, specialized classes and labs, and meaningful and authentic work-based learning experiences.

The organization is an independent study k-12 level institution

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,107,814$5,203,498▲ $4,095,684
Accounts Receivable$551,399$298,205▼ $253,194
Land, Buildings, and Equipment, Net$34,361$80,090▲ $45,729
Prepaid Expenses and Deferred Charges$96,925$31,968▼ $64,957
Total Assets$1,809,371$5,639,309▲ $3,829,938
Other Assets Total$18,872$25,548▲ $6,676
Liabilities
Other Liabilities$226,780$2,423,805▲ $2,197,025
Accounts Payable and Accrued Expenses$785,562$1,187,790▲ $402,228
Total Liabilities$1,012,342$3,611,595▲ $2,599,253
Net Assets / Fund Balance
Unrestricted Net Assets$797,029$1,996,116▲ $1,199,087
Temporarily Rstr Net Assets-$31,598-
Total Net Assets Fund Balance$797,029$2,027,714▲ $1,230,685
Total Liabilities and Net Assets / Fund Balance$1,809,371$5,639,309▲ $3,829,938

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$80,090$93,735$173,825
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kimberleigh KoppExecutive DirectorFT$102,663$23,717$126,380

Board Members and Trustees

NameTitle
Aaron IdekerChairman
Dr Joseph ZavalaSecretary, Trustee (thru 9/30/15)
Brian JensenTrustee
Dr Donna ElderTrustee
Dr Natalie WinspearTrustee
Emi HaraTrustee
Jose SedaTrustee
Linda DominguezTrustee
Nancy RohlandTrustee (thru 12/31/15)
Michael SlatoffClerk
Revenue and Support

Revenue Composition

Contributions and Grants
$516,265
Program Service Revenue
$7,058,265
Investment Income
$0
Other Revenue
$0
All Other Contributions
$280,000
Change in Net Assets
$1,238,185

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,574,530
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,574,530
Total Revenue per Form 990
$7,574,530
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,577,058
Other Expenses$2,759,287
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,444,643$208,199-$2,652,842
Occupancy$603,016$106,415-$709,431
Other Employee Benefits$426,472$39,167-$465,639
All Other Expenses$7,069$318,247-$325,316
Payments to Affiliates-$256,776-$256,776
Pension Plan Contributions$228,440$18,124-$246,564
Information Technology$165,196--$165,196
Current Officers, Directors, Trustees, and Key Employees-$120,290-$120,290
Fees for Services Other$38,971$72,000-$110,971
Office Expenses$37,516$62,094-$99,610
Payroll Taxes$82,551$9,172-$91,723
Travel-$68,109-$68,109
Advertising-$64,125-$64,125
Other Expenses$63,004--$63,004
Conferences and Meetings-$28,164-$28,164
Depreciation Depletion-$20,826-$20,826
Fees for Services Accounting-$17,440-$17,440
Fees for Services Legal-$2,484-$2,484
Total Functional Expenses$4,924,713$1,411,632$0$6,336,345

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,336,345
Total Expenses per Audited Statements$6,336,345
Total Expenses per Form 990$6,336,345
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Payables$2,423,805
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, Part VI, Section B, Line 11

The draft form 990 was distributed to senior management. The final version of form 990 was distributed for review before filing to the trustees by email.

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

The academy monitors compliance annually.

Form 990, Part VI, Section B, Line 15A

Compensation is determined with regard to compensation paid to senior executives of comparable non-profit and proprietry institutions in education and other fields.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request via email.

Filing and Contact Details

Filer

Filer Name
National University Academy
EIN
35-2358696
Phone
8586428100
Address
11355 NORTH TORREY PINES ROAD, LA JOLLA, CA 92037

Signing Officer

Name
Kimberleigh Kopp
Title
Executive Director
Phone
8586428100
Signed
2017-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimberleigh Kopp
Formed
2008
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
102
Volunteers
8

Preparer

Firm
Moss Adams Llp
Address
4747 EXECUTIVE DRIVE SUITE 1300, SAN DIEGO, CA 92121
Preparer
Patricia J Mayer
Phone
8586271400
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from income taxes under internal revenue code section 501(c)(3). It is, however, subject to income taxes from activities unrelated to its tax-exempt purpose. The organization uses the same accounting methods for tax and financial reporting. Generally accepted accounting principles (gaap) provides accounting and disclosure guidance about positions taken by an entity in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination. The organization's returns are subject to examination by federal and state taxing authorities, generally for three years and four years, respectively, after they are filed.

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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0208199
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IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt0256776
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09172
IRS990/PayrollTaxesGrp/ProgramServicesAmt082551
IRS990/PayrollTaxesGrp/TotalAmt091723
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt018124
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IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt096925
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IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
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IRS990/ProgramServiceRevenueGrp/Desc0TUITION
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IRS990/ProhibitedTaxShelterTransInd00
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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
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IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER PAYABLES
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). IT IS, HOWEVER, SUBJECT TO INCOME TAXES FROM ACTIVITIES UNRELATED TO ITS TAX-EXEMPT PURPOSE. THE ORGANIZATION USES THE SAME ACCOUNTING METHODS FOR TAX AND FINANCIAL REPORTING. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) PROVIDES ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ENTITY IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN IN ITS FEDERAL AND STATE EXEMPT ORGANIZATION TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE ORGANIZATION'S RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AND FOUR YEARS, RESPECTIVELY, AFTER THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt06336345
IRS990ScheduleD/TotalLiabilityAmt02423805
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IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ALL ADVERTISING PLACED IN THE MEDIA CONTAINS THE FOLLOWING STATEMENT "ADMISSION IS OPEN TO ALL QUALIFIED APPLICANTS WITHOUT REGARD TO RACE, CREED, AGE OR ETHNIC ORIGIN'.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1NATIONAL UNIVERSITY ACADEMY LAKESIDE NATURE OF BUSINESS - NATIONAL UNIVERSITY ACADEMY IS A CHARTER SCHOOL LOCATED IN SAN DIEGO, CALIFORNIA THAT PROVIDES KINDERGARTEN THROUGH TWELFTH GRADE EDUCATION. THE SCHOOL WAS CREATED UNDER THE APPROVAL OF THE LAKESIDE UNION ELEMENTARY DISTRICT AND THE CALIFORNIA STATE BOARD OF EDUCATION, AND RECEIVES PUBLIC PER-PUPIL FUNDING TO HELP SUPPORT THEIR OPERATION. NATIONAL UNIVERSITY ACADEMY IS ECONOMICALLY DEPENDENT ON THE FEDERAL AND STATE FUNDING ADMINISTERED THROUGH THE LAKESIDE UNION ELEMENTARY DISTRICT. NATIONAL UNIVERSITY ACADEMY ARMONA NATURE OF BUSINESS - NATIONAL UNIVERSITY ACADEMY ARMONA IS A CHARTER SCHOOL LOCATED IN SAN DIEGO, CALIFORNIA THAT PROVIDES NINTH THROUGH TWELFTH GRADE EDUCATION. THE SCHOOL WAS CREATED UNDER THE APPROVAL OF THE ARMONA UNION ELEMENTARY DISTRICT AND THE CALIFORNIA STATE BOARD OF EDUCATION, AND RECEIVES PUBLIC PER-PUPIL FUNDING TO HELP SUPPORT THEIR OPERATION. NATIONAL UNIVERSITY ACADEMY ARMONA IS ECONOMICALLY DEPENDENT ON THE FEDERAL AND STATE FUNDING ADMINISTERED THROUGH THE ARMONA UNION ELEMENTARY DISTRICT. NATIONAL UNIVERSITY ACADEMY ARMONA CEASED OPERATIONS AS OF JUNE 30, 2015. NATIONAL UNIVERSITY ACADEMY ORANGE CENTER NATURE OF BUSINESS - NATIONAL UNIVERSITY ACADEMY ORANGE CENTER IS A CHARTER SCHOOL LOCATED IN FRESNO, CALIFORNIA THAT PROVIDES FOURTH THROUGH TWELFTH GRADE EDUCATION. THE SCHOOL WAS CREATED UNDER THE APPROVAL OF THE ORANGE CENTER ELEMENTARY SCHOOL DISTRICT AND THE CALIFORNIA STATE BOARD OF EDUCATION, AND RECEIVES PUBLIC PER-PUPIL FUNDING TO HELP SUPPORT THEIR OPERATION. NATIONAL UNIVERSITY ACADEMY ORANGE CENTER IS ECONOMICALLY DEPENDENT ON THE FEDERAL AND STATE FUNDING ADMINISTERED THROUGH THE ORANGE CENTER ELEMENTARY SCHOOL DISTRICT. NATIONAL UNIVERSITY ACADEMY ORANGE CENTER CEASED OPERATIONS AS OF JUNE 30, 2016. NATIONAL UNIVERSITY ACADEMY ROBLA NATURE OF BUSINESS - NATIONAL UNIVERSITY ACADEMY ROBLA IS A CHARTER SCHOOL LOCATED IN SACRAMENTO, CALIFORNIA THAT PROVIDES FOURTH THROUGH TWELFTH GRADE EDUCATION. THE SCHOOL WAS CREATED UNDER THE APPROVAL OF THE ROBLA ELEMENTARY SCHOOL DISTRICT AND THE CALIFORNIA STATE BOARD OF EDUCATION, AND RECEIVES PUBLIC PER-PUPIL FUNDING TO HELP SUPPORT THEIR OPERATION. NATIONAL UNIVERSITY ACADEMY ROBLA IS ECONOMICALLY DEPENDENT ON THE FEDERAL AND STATE FUNDING ADMINISTERED THROUGH THE ROBLA ELEMENTARY SCHOOL DISTRICT. NUA ROBLA CEASED OPERATIONS AS OF JUNE 30, 2016.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DRAFT FORM 990 WAS DISTRIBUTED TO SENIOR MANAGEMENT. THE FINAL VERSION OF FORM 990 WAS DISTRIBUTED FOR REVIEW BEFORE FILING TO THE TRUSTEES BY EMAIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ACADEMY MONITORS COMPLIANCE ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS DETERMINED WITH REGARD TO COMPENSATION PAID TO SENIOR EXECUTIVES OF COMPARABLE NON-PROFIT AND PROPRIETRY INSTITUTIONS IN EDUCATION AND OTHER FIELDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST VIA EMAIL.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalVolunteersCnt08
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IRS990/TravelGrp/ManagementAndGeneralAmt068109
IRS990/TravelGrp/TotalAmt068109
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0797029
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011355 NORTH TORREY PINES ROAD
IRS990/USAddress/CityNm0LA JOLLA

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