Civic Intelligence

Twin Ridges Home Study Charter School

990 • Fiscal year 2022 • EIN 36-4743371

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 28, 2023

111 New Mohawk RoadNevada City, CA 95959

(916) 646-1400

Siviq Scores

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

Liabilities / Assets

81st percentile

0.42x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

70th percentile

0.26x

Higher debt load relative to revenue than 70% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

53rd percentile

8.5%

Higher net margin than 53% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

67th percentile

$96,924

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

92nd percentile

73%

Faster asset growth than 92% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

76th percentile

35%

Faster revenue growth than 76% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,274,046

Up $536,506 (+73%) from 2021

Net Assets

Up

$737,968

Up $174,408 (+31%) from 2021

Liabilities

Up

$536,078

Up $362,098 (+208%) from 2021

Revenue

Up

$2,057,752

Up $535,110 (+35%) from 2021

Expenses

Up

$1,883,344

Up $381,638 (+25%) from 2021

Net Income

Up

$174,408

Up $153,472 (+733%) from 2021

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2014: $152,779Liabilities 2014: $82,899Net Assets 2014: $69,8802014Assets 2015: $254,778Liabilities 2015: $86,754Net Assets 2015: $168,0242015Assets 2016: $438,824Liabilities 2016: $84,197Net Assets 2016: $354,6272016Assets 2017: $638,784Liabilities 2017: $175,698Net Assets 2017: $463,0862017Assets 2018: $239,346Liabilities 2018: $35,896Net Assets 2018: $203,4502018Assets 2019: $391,315Liabilities 2019: $97,498Net Assets 2019: $293,8172019Assets 2020: $593,449Liabilities 2020: $173,055Net Assets 2020: $420,3942020Assets 2021: $737,540Liabilities 2021: $173,980Net Assets 2021: $563,5602021Assets 2022: $1,274,046Liabilities 2022: $536,078Net Assets 2022: $737,9682022Assets 2023: $1,689,635Liabilities 2023: $822,878Net Assets 2023: $866,7572023Assets 2024: $1,967,452Liabilities 2024: $657,364Net Assets 2024: $1,310,0882024

Highlighted filing

2022

Assets$1,274,046
Liabilities$536,078
Net Assets$737,968

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $684,243Expenses 2014: $788,690Net Income 2014: -$104,4472014Revenue 2015: $963,922Expenses 2015: $865,778Net Income 2015: $98,1442015Revenue 2016: $1,208,764Expenses 2016: $1,022,161Net Income 2016: $186,6032016Revenue 2017: $1,406,666Expenses 2017: $1,298,207Net Income 2017: $108,4592017Revenue 2018: $1,330,233Expenses 2018: $1,589,869Net Income 2018: -$259,6362018Revenue 2019: $1,718,989Expenses 2019: $1,653,673Net Income 2019: $65,3162019Revenue 2020: $1,530,076Expenses 2020: $1,403,499Net Income 2020: $126,5772020Revenue 2021: $1,522,642Expenses 2021: $1,501,706Net Income 2021: $20,9362021Revenue 2022: $2,057,752Expenses 2022: $1,883,344Net Income 2022: $174,4082022Revenue 2023: $2,558,973Expenses 2023: $2,430,184Net Income 2023: $128,7892023Revenue 2024: $3,138,434Expenses 2024: $2,695,103Net Income 2024: $443,3312024

Highlighted filing

2022

Revenue$2,057,752
Expenses$1,883,344
Net Income$174,408
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 28, 2023
Return Version
2021v4.1
Gross Receipts
$2,057,752
Mission and Program Overview

Mission

The Twin Ridges Home Study Program facilitates responsibility, compassion, and self-discipline so that students can reach their fullest potential in academics, personal awareness, athletics and the arts. The school, in partnership with the parents,creates a climate in which students can become scholars, critical thinkers, effective problem solvers, and lifelong learners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$410,294$885,847▲ $475,553
Accounts Receivable$162,724$257,187▲ $94,463
Land, Buildings, and Equipment, Net$117,359$112,488▼ $4,871
Prepaid Expenses and Deferred Charges$42,512$13,873▼ $28,639
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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$737,540$1,274,046▲ $536,506
Other Assets Total$4,651$4,651→ $0
Liabilities
Accounts Payable and Accrued Expenses$124,573$482,820▲ $358,247
Deferred Revenue$49,407$53,258▲ $3,851
Total Liabilities$173,980$536,078▲ $362,098
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$549,329$737,968▲ $188,639
Net Assets With Donor Restrictions$14,231--
Total Net Assets Fund Balance$563,560$737,968▲ $174,408
Total Liabilities and Net Assets / Fund Balance$737,540$1,274,046▲ $536,506

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$112,488$20,915$133,403
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer DearduffDirectorFT$74,751$22,173$96,924

Board Members and Trustees

NameTitle
Brenda RoyerBoard Member
Jalana SmithBoard Member
Marieke FurneeBoard Member
Rachel WegmanBoard Member
Xylem Larla DeyBoard Member
Desiree MillerBusiness Tech
Nicole RaglinSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,080,386
Investment Income
$-22,634
Other Revenue
$0
Change in Net Assets
$174,408

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,057,752
Total Revenue per Audited Statements
$2,057,752
Total Revenue per Form 990
$2,057,752
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,070,155
Other Expenses$813,189
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$658,667$22,790-$681,457
Pension Plan Contributions$138,140$24,693-$162,833
Current Officers, Directors, Trustees, and Key Employees-$96,924-$96,924
Other Expenses$57,790$25,176-$82,966
Other Employee Benefits$65,931$7,752-$73,683
Payroll Taxes$44,500$10,758-$55,258
All Other Expenses$18,774$3,729-$22,503
Insurance$10,120$2,530-$12,650
Depreciation Depletion$2,435$2,436-$4,871
Total Functional Expenses$1,622,728$260,616$0$1,883,344

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,883,344
Total Expenses per Audited Statements$1,883,344
Total Expenses per Form 990$1,883,344
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
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Board will review.

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

Reviewed annually. Form 700 filed annually.

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

Compensation based on ADA and multi-year financial projections.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

All classified and certificated employees compensated based on salary schedule and around budget approved by Board in a public meeting.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Website and available by request

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

Form 990 available electronically or as a hard copy upon request.

Filing and Contact Details

Filer

Filer Name
Twin Ridges Home Study Charter School
EIN
36-4743371
Phone
9166461400
Address
111 New Mohawk Road, Nevada City, CA 95959

Signing Officer

Name
Jennifer Dearduff
Title
Director
Signed
2023-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Dearduff
Formed
2011
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
36
Volunteers
8

Preparer

Firm
Scinto Group LLP
Address
PO Box 1797, Grass Valley, CA 95945
Preparer
David Scinto
Phone
5302733200
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IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0138140
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013873
IRS990/PrincipalOfficerNm0Jennifer Dearduff
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02080386
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02080386
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt05897
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0660074
IRS990/PYProgramServiceRevenueAmt01516745
IRS990/PYRevenuesLessExpensesAmt020936
IRS990/PYSalariesCompEmpBnftPaidAmt0841632
IRS990/PYTotalExpensesAmt01501706
IRS990/PYTotalRevenueAmt01522642
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0174408
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
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt01883344
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0112488
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt020915
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0133403
IRS990ScheduleD/RevenueSubtotalAmt02057752
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0112488
IRS990ScheduleD/TotalExpensesPerForm990Amt01883344
IRS990ScheduleD/TotalRevenuePerForm990Amt02057752
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02057752
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01883344
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/MaintainScholarshipsRecsInd0true
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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/ExplanationTxt0Board will review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Reviewed annually. Form 700 filed annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation based on ADA and multi-year financial projections.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All classified and certificated employees compensated based on salary schedule and around budget approved by Board in a public meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Website and available by request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Form 990 available electronically or as a hard copy 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 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01622728
IRS990/TotalFunctionalExpensesGrp/TotalAmt01883344
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0173980
IRS990/TotalLiabilitiesEOYAmt0536078
IRS990/TotalLiabilitiesGrp/BOYAmt0173980
IRS990/TotalLiabilitiesGrp/EOYAmt0536078
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0563560
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0737968
IRS990/TotalOtherCompensationAmt022173
IRS990/TotalProgramServiceExpensesAmt01622728
IRS990/TotalProgramServiceRevenueAmt02080386
IRS990/TotalReportableCompFromOrgAmt074751
IRS990/TotalRevenueGrp/ExclusionAmt0-22634
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02080386
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02057752
IRS990/TotalVolunteersCnt08
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01274046
IRS990/TravelGrp/TotalAmt00
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0111 New Mohawk Road
IRS990/USAddress/CityNm0Nevada City
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd095959
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.trhs.us
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z

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