Civic Intelligence

Laverne Elementary Preparartory Academy Foundation

990 • Fiscal year 2020 • EIN 37-1854710

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 09, 2020

Organization ProfileN/A
9966 I AveHesperia, CA 92345

(760) 948-4333

Siviq Scores

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

Liabilities / Assets

94th percentile

1.06x

Higher debt load relative to assets than 94% of similar nonprofits.

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

Liabilities / Revenue

99th percentile

117.02x

Higher debt load relative to revenue than 99% of similar nonprofits.

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

Net Margin

1st percentile

-516%

Higher net margin than 1% of similar nonprofits.

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

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

31st percentile

1.1%

Faster asset growth than 31% of similar nonprofits.

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

Revenue Growth

89th percentile

51%

Faster revenue growth than 89% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$11,890,946

Up $124,629 (+1.1%) from 2019

Net Assets

Down

-$693,758

Down $555,227 (-401%) from 2019

Liabilities

Up

$12,584,704

Up $679,856 (+5.7%) from 2019

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin1st percentile

Revenue

Up

$107,545

Up $36,342 (+51%) from 2019

Expenses

Up

$662,772

Up $453,038 (+216%) from 2019

Net Income

Down

-$555,227

Down $416,696 (-301%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2017: $1Liabilities 2017: $0Net Assets 2017: $02017Assets 2018: $1Liabilities 2018: $02018Assets 2019: $11,766,317Liabilities 2019: $11,904,848Net Assets 2019: -$138,5312019Assets 2020: $11,890,946Liabilities 2020: $12,584,704Net Assets 2020: -$693,7582020Assets 2021: $13,282,034Liabilities 2021: $11,743,231Net Assets 2021: $1,538,8032021

Highlighted filing

2020

Assets$11,890,946
Liabilities$12,584,704
Net Assets-$693,758
Open 2020 Filing

Operations Trend

Revenue Growth89th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $71,203Expenses 2019: $209,734Net Income 2019: -$138,5312019Revenue 2020: $107,545Expenses 2020: $662,772Net Income 2020: -$555,2272020Revenue 2021: $2,895,334Expenses 2021: $662,773Net Income 2021: $2,232,5612021

Highlighted filing

2020

Revenue$107,545
Expenses$662,772
Net Income-$555,227
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 9, 2020
Return Version
2019v5.0
Gross Receipts
$107,545
Mission and Program Overview

Mission

Educational and facilities support for laverne elementary preparatory academy

Provide supplemental education and facilites financial support for laverne elementary preparatory academy

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$10,954,961-
Savings and Temporary Cash Investments$11,437,086$935,985▼ $10,501,101
Total Assets$11,766,317$11,890,946▲ $124,629
Other Assets Total$329,231--
Liabilities
Tax Exempt Bond Liabilities$11,853,562$11,900,897▲ $47,335
Deferred Revenue$51,286$683,807▲ $632,521
Total Liabilities$11,904,848$12,584,704▲ $679,856
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-138,531$-693,758▼ $555,227
Total Net Assets Fund Balance$-138,531$-693,758▼ $555,227
Total Liabilities and Net Assets / Fund Balance$11,766,317$11,890,946▲ $124,629

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,954,961--
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Debra TarverCEO
Dan LeeCFO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$107,545
Other Revenue
$0
Change in Net Assets
$-555,227
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$662,772
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$662,772--$662,772
Total Functional Expenses$662,772$0$0$662,772
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

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACharter School Lease Revenue Bonds2019-02-14$12,080,000FACILITIES PURCHASE
BCharter School Lease Revenue Bonds2019-02-14$420,000FACILITIES PURCHASES

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A---$-415,667
B---$-123,777

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“REQUEST FROM LEPA”

Filing and Contact Details

Filer

Filer Name
Laverne Elementart Prep Academy
EIN
37-1854710
Address
9966 I AVE, HESPERIA, CA 92345

Signing Officer

Name
Debra Tarver
Title
CEO
Signed
2020-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Debra Tarver
Formed
2017
Legal Domicile
CA
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
5

Preparer

Firm
Silva & Silva Cpas
Address
3040 SATURN ST SUITE 107, BREA, CA 92821
Preparer
Lisa Silva CPA
Phone
7145297707
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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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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LISA SILVA CPA
ReturnHeader/ReturnTs02020-12-28T18:06:07-06:00
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ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,890,946
Liabilities
$12,584,704
Net assets
-$693,758
Revenue
$107,545
Expenses
$662,772
Net income
-$555,227
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.3$11.7$1.54$2.90$0.66$2.23
2020Detailed filing. Detailed filing data is available for this year.$11.9$12.6$0.69$0.11$0.66$0.56
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.8$11.9$0.14$0.07$0.21$0.14
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $10M-$25M nonprofits