Civic Intelligence

Discovery Charter School

990 • Fiscal year 2016 • EIN 37-1509106

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

4021 Teale AvenueSan Jose, CA 95117

(408) 243-9800

Siviq Scores

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

Liabilities / Assets

40th percentile

0.15x

Higher debt load relative to assets than 40% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

14th percentile

0.04x

Higher debt load relative to revenue than 14% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

53rd percentile

3.2%

Higher net margin than 53% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

45th percentile

$159,747

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

74th percentile

9.6%

Faster asset growth than 74% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

84th percentile

26%

Faster revenue growth than 84% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$3,264,299

Up $287,274 (+9.6%) from 2015

Net Assets

Up

$2,783,125

Up $369,382 (+15%) from 2015

Liabilities

Down

$481,174

Down $82,108 (-15%) from 2015

Revenue

Up

$10,902,533

Up $2,265,037 (+26%) from 2015

Expenses

Up

$10,557,651

Up $2,082,134 (+25%) from 2015

Net Income

Up

$344,882

Up $182,903 (+113%) from 2015

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2013: $2,131,917Liabilities 2013: $289,860Net Assets 2013: $1,842,0572013Assets 2014: $2,603,829Liabilities 2014: $352,065Net Assets 2014: $2,251,7642014Assets 2015: $2,977,025Liabilities 2015: $563,282Net Assets 2015: $2,413,7432015Assets 2016: $3,264,299Liabilities 2016: $481,174Net Assets 2016: $2,783,1252016Assets 2017: $3,142,951Liabilities 2017: $571,841Net Assets 2017: $2,571,1102017Assets 2018: $3,001,233Liabilities 2018: $639,821Net Assets 2018: $2,361,4122018Assets 2019: $4,192,023Liabilities 2019: $506,262Net Assets 2019: $3,685,7612019Assets 2020: $5,453,812Liabilities 2020: $1,941,006Net Assets 2020: $3,512,8062020Assets 2021: $7,358,660Liabilities 2021: $1,336,328Net Assets 2021: $6,022,3322021Assets 2022: $7,759,615Liabilities 2022: $1,189,341Net Assets 2022: $6,570,2742022

Highlighted filing

2016

Assets$3,264,299
Liabilities$481,174
Net Assets$2,783,125

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2013: $4,889,8752013Revenue 2014: $7,832,495Expenses 2014: $7,422,788Net Income 2014: $409,7072014Revenue 2015: $8,637,496Expenses 2015: $8,475,517Net Income 2015: $161,9792015Revenue 2016: $10,902,533Expenses 2016: $10,557,651Net Income 2016: $344,8822016Revenue 2017: $11,509,757Expenses 2017: $11,721,772Net Income 2017: -$212,0152017Revenue 2018: $11,143,971Expenses 2018: $11,259,893Net Income 2018: -$115,9222018Revenue 2019: $12,688,628Expenses 2019: $11,364,279Net Income 2019: $1,324,3492019Revenue 2020: $11,697,361Expenses 2020: $11,870,316Net Income 2020: -$172,9552020Revenue 2021: $13,602,457Expenses 2021: $11,092,931Net Income 2021: $2,509,5262021Revenue 2022: $13,035,753Expenses 2022: $12,405,063Net Income 2022: $630,6902022

Highlighted filing

2016

Revenue$10,902,533
Expenses$10,557,651
Net Income$344,882
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 11, 2017
Return Version
2015v3.0
Gross Receipts
$10,902,533
Mission and Program Overview

Mission

To support the whole child and develop lifelong learners prepared to meet the challenge of the future through strong family involvement, community learning, and developmentally based teaching.

To develop lifelong learners prepared to meet the challenge of the future.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,324,814$1,796,720▲ $471,906
Accounts Receivable$1,146,914$886,399▼ $260,515
Land, Buildings, and Equipment, Net$480,205$499,483▲ $19,278
Prepaid Expenses and Deferred Charges$228$81,697▲ $81,469
Total Assets$2,977,025$3,264,299▲ $287,274
Other Assets Total$24,864$0▼ $24,864
Liabilities
Accounts Payable and Accrued Expenses$313,282$293,674▼ $19,608
Mortgage Notes Payable Secured by Investment Property$250,000$187,500▼ $62,500
Total Liabilities$563,282$481,174▼ $82,108
Net Assets / Fund Balance
Unrestricted Net Assets$2,413,743$2,758,625▲ $344,882
Temporarily Rstr Net Assets-$24,500-
Total Net Assets Fund Balance$2,413,743$2,783,125▲ $369,382
Total Liabilities and Net Assets / Fund Balance$2,977,025$3,264,299▲ $287,274

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$483,207$888,188$1,371,395
Equipment$3,036$24,783$27,819
Other Land Buildings$13,240-$13,240
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dale JonesExecutive Director/superintendentFT$159,747$159,747
Debby PerryAssistant SuperintendentFT$130,316$130,316

Board Members and Trustees

NameTitle
Barbara VellaPresident
Libby MorrisVice President
Joel MettlerMember
Salim KizaralyMember
Joan MccrearySecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Edtec LLCBack Office Support1410-A 62ND STREET, Emeryville, CA 94608$191,681
Swenson & AssociatesContractor581 DIVISION STREET SUITE A, Campbell, CA 95008$154,292
Revenue and Support

Revenue Composition

Contributions and Grants
$10,902,533
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,201,565
Change in Net Assets
$344,882

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,902,533
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$10,902,533
Total Revenue per Form 990
$10,902,533
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,110,995
Other Expenses$4,446,656
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,406,519$376,783-$4,783,302
Other Employee Benefits$1,137,923$30,023-$1,167,946
Depreciation Depletion-$189,193-$189,193
Current Officers, Directors, Trustees, and Key Employees$159,747--$159,747
Other Expenses$20,743$111,146-$131,889
All Other Expenses$39,861$80,156-$120,017
Travel$69--$69
Total Functional Expenses$8,135,393$2,422,258$0$10,557,651

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,557,651
Total Expenses per Audited Statements$10,557,651
Total Expenses per Form 990$10,557,651
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
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
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, Section B, Line 11

The form 990 is reviewed by the signing officer and by the accounting support cotnractors.

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

The organization monitors annual disclosure statements from organization personnel.

Form 990, Part VI, Section B, Line 15

Compensation committee approves compensation after reviewing the compensation survey.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and financial statements are avilable upon request.

Filing and Contact Details

Filer

Filer Name
Discovery Charter School
EIN
37-1509106
Phone
4082439800
Address
4021 TEALE AVENUE, SAN JOSE, CA 95117

Signing Officer

Name
Barbara Vella
Title
President
Phone
4082439800
Signed
2017-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara Vella
Formed
2005
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
151
Volunteers
425

Preparer

Firm
Squar Milner Llp
Address
11717 BERNARDO PLAZA COURT SUITE, 215, SAN DIEGO, CA 92128
Preparer
James a Rotherham CPA
Phone
8584875751
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Increase in temporarily restricted net assets 24,500.

FORM 990, PART XII, LINE 2C:

The process has not changed.

Raw XML AppendixShowing 400 of 418 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.

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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0888188
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01371395
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt013240
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt013240
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt010902533
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0499483
IRS990ScheduleD/TotalExpensesPerForm990Amt010557651
IRS990ScheduleD/TotalRevenuePerForm990Amt010902533
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010902533
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010557651
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NONDISCRIMINATORY POLICY INCLUDED IN ALL ADVERTISEMENTS AND ENROLLMENT MATERIALS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0159747
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DALE JONES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR/SUPERINTENDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0159747
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE SIGNING OFFICER AND BY THE ACCOUNTING SUPPORT COTNRACTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MONITORS ANNUAL DISCLOSURE STATEMENTS FROM ORGANIZATION PERSONNEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION COMMITTEE APPROVES COMPENSATION AFTER REVIEWING THE COMPENSATION SURVEY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INCREASE IN TEMPORARILY RESTRICTED NET ASSETS 24,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED.
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 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt024500
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02977025
IRS990/TotalAssetsEOYAmt03264299
IRS990/TotalAssetsGrp/BOYAmt02977025
IRS990/TotalAssetsGrp/EOYAmt03264299
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt010902533
IRS990/TotalEmployeeCnt0151
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02422258
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt08135393
IRS990/TotalFunctionalExpensesGrp/TotalAmt010557651
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0563282
IRS990/TotalLiabilitiesEOYAmt0481174
IRS990/TotalLiabilitiesGrp/BOYAmt0563282
IRS990/TotalLiabilitiesGrp/EOYAmt0481174
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02413743
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02783125
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt08135393
IRS990/TotalReportableCompFromOrgAmt0290063
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt010902533
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0425
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02977025
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03264299
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt069
IRS990/TravelGrp/TotalAmt069
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02413743
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02758625
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04021 TEALE AVENUE
IRS990/USAddress/CityNm0SAN JOSE
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd095117
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.DISCOVERYK8.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BARBARA VELLA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04082439800
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DISCOVERY CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0DISC
ReturnHeader/Filer/EIN0371509106
ReturnHeader/Filer/PhoneNum04082439800
ReturnHeader/Filer/USAddress/AddressLine1Txt04021 TEALE AVENUE

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