Civic Intelligence

Discovery Charter School

990 • Fiscal year 2020 • EIN 37-1509106

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 26, 2021

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

62nd percentile

0.36x

Higher debt load relative to assets than 62% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

34th percentile

0.17x

Higher debt load relative to revenue than 34% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

31st percentile

-1.5%

Higher net margin than 31% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

59th percentile

$200,416

Higher top officer pay than 59% of similar nonprofits.

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

82nd percentile

30%

Faster asset growth than 82% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

30th percentile

-7.8%

Faster revenue growth than 30% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$5,453,812

Up $1,261,789 (+30%) from 2019

Net Assets

Down

$3,512,806

Down $172,955 (-4.7%) from 2019

Liabilities

Up

$1,941,006

Up $1,434,744 (+283%) from 2019

Revenue

Down

$11,697,361

Down $991,267 (-7.8%) from 2019

Expenses

Up

$11,870,316

Up $506,037 (+4.5%) from 2019

Net Income

Down

-$172,955

Down $1,497,304 (-113%) from 2019

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

2020

Assets$5,453,812
Liabilities$1,941,006
Net Assets$3,512,806

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

2020

Revenue$11,697,361
Expenses$11,870,316
Net Income-$172,955
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 26, 2021
Return Version
2019v5.2
Gross Receipts
$11,697,361
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$2,819,732$3,942,687▲ $1,122,955
Accounts Receivable$976,902$1,016,042▲ $39,140
Land, Buildings, and Equipment, Net$162,112$261,060▲ $98,948
Prepaid Expenses and Deferred Charges$210,671$211,417▲ $746
Investments Other Securities$22,606$22,606→ $0
Total Assets$4,192,023$5,453,812▲ $1,261,789
Liabilities
Other Liabilities$0$1,585,680▲ $1,585,680
Accounts Payable and Accrued Expenses$506,262$355,326▼ $150,936
Total Liabilities$506,262$1,941,006▲ $1,434,744
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,380,314$3,282,808▼ $97,506
Net Assets With Donor Restrictions$305,447$229,998▼ $75,449
Total Net Assets Fund Balance$3,685,761$3,512,806▼ $172,955
Total Liabilities and Net Assets / Fund Balance$4,192,023$5,453,812▲ $1,261,789

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$73,364$1,314,856$1,388,220
Other Land Buildings$187,696$13,510$201,206
Equipment$0$27,819$27,819
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Debby PerrrySuperintendent/exec. DirecFT$200,416$200,416
Bonnie MaloufTeacherFT$107,220$107,220
Judith GallagherTeacherFT$101,620$101,620
Miki WalkerDirectorFT$95,625$95,625

Board Members and Trustees

NameTitle
Ilan SpielerPresident
Christina SanchezVice President
Glady LeeMember
Barbara VellaSecretary
Chris FoisieTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,697,361
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,616,083
Change in Net Assets
$-172,955

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,697,361
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$11,697,361
Total Revenue per Form 990
$11,697,361
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,233,406
Other Expenses$3,636,910
Total Fundraising Expense$115,802
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,088,988$138,389-$6,227,377
Other Employee Benefits$1,685,617$24,371-$1,709,988
Current Officers, Directors, Trustees, and Key Employees$296,041--$296,041
Other Expenses$160,266$40,066$115,802$200,332
All Other Expenses$42,455$88,220-$130,675
Depreciation Depletion-$81,291-$81,291
Interest-$8,123-$8,123
Total Functional Expenses$10,795,783$958,731$115,802$11,870,316

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,870,316
Total Expenses per Audited Statements$11,870,316
Total Expenses per Form 990$11,870,316
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
Ppp Loan Payable$1,585,680
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 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, Section B, Line 11B

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
Ilan Spieler
Title
President
Phone
4082439800
Signed
2021-04-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ilan Spieler
Formed
2005
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
184
Volunteers
0

Preparer

Firm
Baker Tilly US Llp
Address
3655 NOBEL DRIVE SUITE 450, SAN DIEGO, CA 92122
Preparer
Kathleen Schmidt
Phone
8585974100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed.

Raw XML AppendixShowing 400 of 426 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/EquipmentGrp/DepreciationAmt027819
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt027819
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt011870316
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt073364
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01314856
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01388220
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0187696
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt013510
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0201206
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01585680
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PPP LOAN PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt011697361
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0261060
IRS990ScheduleD/TotalExpensesPerForm990Amt011870316
IRS990ScheduleD/TotalLiabilityAmt01585680
IRS990ScheduleD/TotalRevenuePerForm990Amt011697361
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011697361
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011870316
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/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0200416
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/PersonNm0DEBBY PERRRY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SUPERINTENDENT/EXEC. DIREC
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0200416
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/ExplanationTxt4THE PROCESS HAS NOT CHANGED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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 XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt05453812
IRS990/TotalAssetsGrp/BOYAmt04192023
IRS990/TotalAssetsGrp/EOYAmt05453812
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt011697361
IRS990/TotalEmployeeCnt0184
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0115802
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0958731
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt010795783
IRS990/TotalFunctionalExpensesGrp/TotalAmt011870316
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0506262
IRS990/TotalLiabilitiesEOYAmt01941006
IRS990/TotalLiabilitiesGrp/BOYAmt0506262
IRS990/TotalLiabilitiesGrp/EOYAmt01941006
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03685761
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03512806
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt010795783
IRS990/TotalReportableCompFromOrgAmt0504881
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt011697361
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04192023
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05453812
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
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/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01

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