Civic Intelligence

Clayton Valley Charter High School

990 • Fiscal year 2016 • EIN 45-2615091

Jul 01, 2015 to Jun 30, 2016 • Filed on May 10, 2017

1101 Alberta WayConcord, CA 94521

(925) 682-7474

Siviq Scores

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

Liabilities / Assets

36th percentile

0.11x

Higher debt load relative to assets than 36% of similar nonprofits.

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

Liabilities / Revenue

20th percentile

0.07x

Higher debt load relative to revenue than 20% of similar nonprofits.

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

Net Margin

79th percentile

17%

Higher net margin than 79% of similar nonprofits.

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

Top Officer Pay

75th percentile

$268,115

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

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

Asset Growth

93rd percentile

42%

Faster asset growth than 93% of similar nonprofits.

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

Revenue Growth

77th percentile

16%

Faster revenue growth than 77% of similar nonprofits.

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

Assets

Up

$13,286,152

Up $3,928,207 (+42%) from 2015

Net Assets

Up

$11,824,519

Up $3,629,046 (+44%) from 2015

Liabilities

Up

$1,461,633

Up $299,161 (+26%) from 2015

Revenue

Up

$20,880,064

Up $2,953,469 (+16%) from 2015

Expenses

Up

$17,251,018

Up $574,226 (+3.4%) from 2015

Net Income

Up

$3,629,046

Up $2,379,243 (+190%) from 2015

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2012: $255,383Liabilities 2012: $0Net Assets 2012: $255,3832012Assets 2013: $5,921,167Liabilities 2013: $2,310,271Net Assets 2013: $3,610,8962013Assets 2014: $7,797,788Liabilities 2014: $852,118Net Assets 2014: $6,945,6702014Assets 2015: $9,357,945Liabilities 2015: $1,162,472Net Assets 2015: $8,195,4732015Assets 2016: $13,286,152Liabilities 2016: $1,461,633Net Assets 2016: $11,824,5192016Assets 2017: $17,944,787Liabilities 2017: $3,549,008Net Assets 2017: $14,395,7792017Assets 2018: $20,240,572Liabilities 2018: $4,173,069Net Assets 2018: $16,067,5032018Assets 2019: $23,362,615Liabilities 2019: $4,369,954Net Assets 2019: $18,992,6612019Assets 2020: $22,580,230Liabilities 2020: $4,398,458Net Assets 2020: $18,181,7722020Assets 2021: $22,511,995Liabilities 2021: $5,790,286Net Assets 2021: $16,721,7092021Assets 2022: $23,882,457Liabilities 2022: $5,590,987Net Assets 2022: $18,291,4702022Assets 2023: $28,425,254Liabilities 2023: $9,751,729Net Assets 2023: $18,673,5252023Assets 2024: $30,841,365Liabilities 2024: $7,327,117Net Assets 2024: $23,514,2482024

Highlighted filing

2016

Assets$13,286,152
Liabilities$1,461,633
Net Assets$11,824,519

Operations Trend

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

$60M$40M$20M$0-$20MRevenue 2012: $0Expenses 2012: $0Net Income 2012: $02012Expenses 2013: $12,222,7142013Revenue 2014: $17,420,179Expenses 2014: $14,085,405Net Income 2014: $3,334,7742014Revenue 2015: $17,926,595Expenses 2015: $16,676,792Net Income 2015: $1,249,8032015Revenue 2016: $20,880,064Expenses 2016: $17,251,018Net Income 2016: $3,629,0462016Revenue 2017: $22,951,937Expenses 2017: $20,380,677Net Income 2017: $2,571,2602017Revenue 2018: $22,869,763Expenses 2018: $21,198,039Net Income 2018: $1,671,7242018Revenue 2019: $26,462,862Expenses 2019: $23,537,704Net Income 2019: $2,925,1582019Revenue 2020: $25,653,635Expenses 2020: $26,464,524Net Income 2020: -$810,8892020Revenue 2021: $27,003,958Expenses 2021: $28,462,282Net Income 2021: -$1,458,3242021Revenue 2022: $31,207,245Expenses 2022: $29,637,484Net Income 2022: $1,569,7612022Revenue 2023: $34,667,762Expenses 2023: $34,285,707Net Income 2023: $382,0552023Revenue 2024: $41,282,627Expenses 2024: $36,441,904Net Income 2024: $4,840,7232024

Highlighted filing

2016

Revenue$20,880,064
Expenses$17,251,018
Net Income$3,629,046
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 10, 2017
Return Version
2015v3.0
Gross Receipts
$20,880,064
Mission and Program Overview

Mission

To unite our stakeholders, including students, teachers and staff, parents, and community members, in a common goal to diligently prepare all students for success in the 21st century. We believe in instilling timeless principles and fostering a culture of excellence with rigor, relevance and relationships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,755,734$9,690,404▲ $2,934,670
Accounts Receivable$1,904,116$2,547,526▲ $643,410
Land, Buildings, and Equipment, Net$389,292$720,218▲ $330,926
Prepaid Expenses and Deferred Charges$308,803$328,004▲ $19,201
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$9,357,945$13,286,152▲ $3,928,207
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$1,162,472$1,461,633▲ $299,161
Total Liabilities$1,162,472$1,461,633▲ $299,161
Net Assets / Fund Balance
Unrestricted Net Assets$7,702,388$11,285,936▲ $3,583,548
Temporarily Rstr Net Assets$493,085$538,583▲ $45,498
Total Net Assets Fund Balance$8,195,473$11,824,519▲ $3,629,046
Total Liabilities and Net Assets / Fund Balance$9,357,945$13,286,152▲ $3,928,207

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$356,895$24,371$381,266
Equipment$124,515$63,815$188,330
Leasehold Improvements$170,044$17,541$187,585
Other Land Buildings$68,764$4,105$72,869
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David LinzeyExecutive DirectorFT$228,745$39,370$268,115
Miguel RomoDirectorFT$133,014$15,576$148,590
Patrick GaffneyTrusteeFT$120,335$27,897$148,232
Thomas SparksTrusteeFT$94,194$26,011$120,205
Greg HileDirectorFT$93,417$26,455$119,872
Indira KumarDirectorFT$85,480$18,751$104,231
Diane BaileyTrusteeFT$60,117$27,323$87,440
Sarah LovickTrusteeFT$63,395$14,145$77,540

Board Members and Trustees

NameTitle
Ted MeriamPresident
Megan KommerVice President
April WinshipTrustee
Kristy DownsTrustee
Mike FineTrustee
Richard AsadoorianTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Law Office Of Young Minney & CoorLegal655 UNIVERSITY AVE STE 150, Sacramento, CA 95825$578,840
Terracare AssociatesConstruction921 ARNOLD DR, Martinez, CA 94553$116,833
Revenue and Support

Revenue Composition

Contributions and Grants
$19,734,799
Program Service Revenue
$1,094,529
Investment Income
$11,510
Other Revenue
$39,226
All Other Contributions
$314,796
Change in Net Assets
$3,629,046

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,880,064
Total Revenue per Audited Statements
$20,880,064
Total Revenue per Form 990
$20,880,064
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,352,827
Other Expenses$5,898,191
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,433,219$1,569,007-$8,002,226
Other Employee Benefits$1,057,549$295,629-$1,353,178
Occupancy$1,059,467--$1,059,467
Pension Plan Contributions$717,387$200,539-$917,926
Current Officers, Directors, Trustees, and Key Employees$485,119$364,955-$850,074
Fees for Services Other$53,575$538,594-$592,169
Fees for Services Legal-$480,233-$480,233
Office Expenses-$374,621-$374,621
Payroll Taxes$179,301$50,122-$229,423
All Other Expenses$130,060$49,196-$179,256
Other Expenses$618,182$159,535-$159,535
Travel$122,587--$122,587
Conferences and Meetings$96,790--$96,790
Information Technology$59,049--$59,049
Insurance-$53,756-$53,756
Depreciation Depletion$53,422--$53,422
Fees for Services Accounting-$15,100-$15,100
Advertising-$9,780-$9,780
Interest-$517-$517
Total Functional Expenses$13,089,434$4,161,584$0$17,251,018

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$17,251,018
Total Expenses per Audited Statements$17,251,018
Total Expenses per Form 990$17,251,018
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
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, Line 11B: Form 990 Review Process

No review was or will be conducted.

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

All executives complete the form 700 and they are reviewed regularly when entering contracts.

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

Salary research is done by the board for key employee contracts.

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

Salary research is done by the board for key employee contracts.

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

All governing docs, including policies, are available upon request.

Filing and Contact Details

Filer

Filer Name
Clayton Valley Charter High School
EIN
45-2615091
Phone
9256827474
Address
1101 ALBERTA WAY, CONCORD, CA 94521

Signing Officer

Name
David Linzey
Title
Executive Director
Signed
2017-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Linzey
Formed
2011
Legal Domicile
CA
Voting Board Members
14
Independent Board Members
6
Employees
259

Preparer

Firm
Wilkinson Hadley King & Co LLP
Address
218 W Douglas Ave, El Cajon, CA 92020
Preparer
Aubrey W King
Phone
6194476700
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The school follows provisions of uncertain tax positions as addressed in asc 958. The school recognizes accrued interest and penalties associated with uncertain tax positions as part of the income tax provision, when applicable. There are no amounts accrued in the financial statements related to uncertain tax positions for the year ended june 30, 2016.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7President
IRS990/Form990PartVIISectionAGrp/TitleTxt8Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
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IRS990/InformationTechnologyGrp/ProgramServicesAmt059049
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IRS990/InsuranceGrp/ManagementAndGeneralAmt053756
IRS990/InsuranceGrp/TotalAmt053756
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt0720218
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IRS990/MissionDesc0TO UNITE OUR STAKEHOLDERS, INCLUDING STUDENTS, TEACHERS AND STAFF, PARENTS, AND COMMUNITY MEMBERS, IN A COMMON GOAL TO DILIGENTLY PREPARE ALL STUDENTS FOR SUCCESS IN THE 21ST CENTURY. WE BELIEVE IN INSTILLING TIMELESS PRINCIPLES AND FOSTERING A CULTURE OF EXCELLENCE WITH RIGOR, RELEVANCE AND RELATIONSHIPS.
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt039226
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0374621
IRS990/OfficeExpensesGrp/TotalAmt0374621
IRS990/OfficerMailingAddressInd0false
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01057549
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01353178
IRS990/OtherExpensesGrp/Desc0BOOKS AND SUPPLIES
IRS990/OtherExpensesGrp/Desc1ASB ACTIVITIES
IRS990/OtherExpensesGrp/Desc2STUDENT EQUIPMENT
IRS990/OtherExpensesGrp/Desc3DISTRICT OVERSIGHT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0159535
IRS990/OtherExpensesGrp/ProgramServicesAmt01219611
IRS990/OtherExpensesGrp/ProgramServicesAmt1804116
IRS990/OtherExpensesGrp/ProgramServicesAmt2618182
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IRS990/OtherExpensesGrp/TotalAmt2618182
IRS990/OtherExpensesGrp/TotalAmt3159535
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06433219
IRS990/OtherSalariesAndWagesGrp/TotalAmt08002226
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt050122
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IRS990/PayrollTaxesGrp/TotalAmt0229423
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IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0717387
IRS990/PensionPlanContributionsGrp/TotalAmt0917926
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IRS990/PrincipalOfficerNm0DAVID LINZEY
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IRS990/ProgramServiceRevenueGrp/Desc0ASB REVENUE
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1240649
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1240649
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IRS990/PYContributionsGrantsAmt016501581
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IRS990/PYOtherRevenueAmt01208318
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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0356895
IRS990ScheduleD/BuildingsGrp/DepreciationAmt024371
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0381266
IRS990ScheduleD/EquipmentGrp/BookValueAmt0124515
IRS990ScheduleD/EquipmentGrp/DepreciationAmt063815
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0188330
IRS990ScheduleD/ExpensesSubtotalAmt017251018
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt017541
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0187585
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt068764
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04105
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL FOLLOWS PROVISIONS OF UNCERTAIN TAX POSITIONS AS ADDRESSED IN ASC 958. THE SCHOOL RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS AS PART OF THE INCOME TAX PROVISION, WHEN APPLICABLE. THERE ARE NO AMOUNTS ACCRUED IN THE FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2016.

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