Civic Intelligence

The Sae School Inc.

990 • Fiscal year 2024 • EIN 45-2894607

Jul 01, 2023 to Jun 30, 2024 • Filed on Oct 23, 2024

6688 Mableton ParkwayMableton, GA 30126

(678) 239-3200

Siviq Scores

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

Liabilities / Assets

85th percentile

0.70x

Higher debt load relative to assets than 85% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

1.31x

Higher debt load relative to revenue than 84% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

63rd percentile

11%

Higher net margin than 63% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

37th percentile

$150,417

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

52nd percentile

5.7%

Faster asset growth than 52% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

50th percentile

7.8%

Faster revenue growth than 50% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$10,712,991

Up $577,636 (+5.7%) from 2023

Net Assets

Up

$3,225,812

Up $632,862 (+24%) from 2023

Liabilities

Down

$7,487,179

Down $55,226 (-0.7%) from 2023

Revenue

Up

$5,710,250

Up $414,949 (+7.8%) from 2023

Expenses

Up

$5,077,388

Up $513,520 (+11%) from 2023

Net Income

Down

$632,862

Down $98,571 (-13%) from 2023

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2013: $325,629Liabilities 2013: $50,000Net Assets 2013: $275,6292013Assets 2014: $1,869,998Liabilities 2014: $2,484,737Net Assets 2014: -$614,7392014Assets 2015: $2,523,106Liabilities 2015: $3,055,253Net Assets 2015: -$532,1472015Assets 2016: $2,349,220Liabilities 2016: $2,860,648Net Assets 2016: -$511,4282016Assets 2017: $7,025,280Liabilities 2017: $7,478,331Net Assets 2017: -$453,0512017Assets 2018: $6,679,481Liabilities 2018: $7,500,275Net Assets 2018: -$820,7942018Assets 2019: $6,985,285Liabilities 2019: $7,533,286Net Assets 2019: -$548,0012019Assets 2020: $6,841,716Liabilities 2020: $6,846,701Net Assets 2020: -$4,9852020Assets 2021: $7,664,571Liabilities 2021: $6,883,379Net Assets 2021: $781,1922021Assets 2022: $9,459,544Liabilities 2022: $7,601,507Net Assets 2022: $1,858,0372022Assets 2023: $10,135,355Liabilities 2023: $7,542,405Net Assets 2023: $2,592,9502023Assets 2024: $10,712,991Liabilities 2024: $7,487,179Net Assets 2024: $3,225,8122024Assets 2025: $10,326,459Liabilities 2025: $6,928,066Net Assets 2025: $3,398,3932025

Highlighted filing

2024

Assets$10,712,991
Liabilities$7,487,179
Net Assets$3,225,812

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $495,511Expenses 2013: $220,723Net Income 2013: $274,7882013Revenue 2014: $1,323,683Expenses 2014: $1,799,477Net Income 2014: -$475,7942014Revenue 2015: $2,647,491Expenses 2015: $2,575,847Net Income 2015: $71,6442015Revenue 2016: $3,081,243Expenses 2016: $3,060,524Net Income 2016: $20,7192016Revenue 2017: $3,424,692Expenses 2017: $3,366,315Net Income 2017: $58,3772017Revenue 2018: $3,662,302Expenses 2018: $4,030,045Net Income 2018: -$367,7432018Revenue 2019: $3,827,077Expenses 2019: $3,554,284Net Income 2019: $272,7932019Revenue 2020: $3,991,004Expenses 2020: $3,444,770Net Income 2020: $546,2342020Revenue 2021: $3,600,287Expenses 2021: $2,806,280Net Income 2021: $794,0072021Revenue 2022: $5,021,770Expenses 2022: $3,944,925Net Income 2022: $1,076,8452022Revenue 2023: $5,295,301Expenses 2023: $4,563,868Net Income 2023: $731,4332023Revenue 2024: $5,710,250Expenses 2024: $5,077,388Net Income 2024: $632,8622024Revenue 2025: $5,233,747Expenses 2025: $5,061,166Net Income 2025: $172,5812025

Highlighted filing

2024

Revenue$5,710,250
Expenses$5,077,388
Net Income$632,862
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 23, 2024
Return Version
2023v5.0
Gross Receipts
$5,710,250
Mission and Program Overview

Mission

The school's mission is to discover, nurture, and protect each child's individual life and academic journey. We believe that students should have a fun, safe and rigorous educational experience that prepares them to be the leaders, innovators, and influencers of their generation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,249,100$4,126,967▼ $122,133
Accounts Receivable$3,938,834$4,021,677▲ $82,843
Investments in Publicly Traded Securities$1,500,906$2,071,274▲ $570,368
Prepaid Expenses and Deferred Charges$107,973$213,830▲ $105,857
Cash and Non-Interest-Bearing Accounts$113,755$51,716▼ $62,039
Total Assets$10,135,355$10,712,991▲ $577,636
Other Assets Total$224,787$227,527▲ $2,740
Liabilities
Deferred Revenue$3,942,383$4,007,899▲ $65,516
Unsecured Notes Loans Payable$3,528,480$3,400,872▼ $127,608
Accounts Payable and Accrued Expenses$53,053$64,788▲ $11,735
Other Liabilities$18,489$13,620▼ $4,869
Total Liabilities$7,542,405$7,487,179▼ $55,226
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,592,950$3,225,812▲ $632,862
Total Net Assets Fund Balance$2,592,950$3,225,812▲ $632,862
Total Liabilities and Net Assets / Fund Balance$10,135,355$10,712,991▲ $577,636

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,450,060$1,416,621$4,866,681
Land$676,907-$676,907
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Scott StarowiczCFOFT$150,417$150,417
Desmond BobbettPrincipalFT$110,417$110,417
Shannan TilsonDirector OpeFT$75,833$75,833
Kenneth NewbyBoard Member-$9,900$9,900
Tinashe Kajese-boldenBoard Member-$9,900$9,900
Tyrone MitchellBoard Member-$9,900$9,900

Board Members and Trustees

NameTitle
Maurice PritchettChair of Boa
Lt Chris HyattBoard Member
Steve CollinsBoard Member
Mindy FortsonSecretary
Bryan MillerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$219,357
Program Service Revenue
$5,331,445
Investment Income
$99,769
Other Revenue
$59,679
All Other Contributions
$219,357
Change in Net Assets
$632,862

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,710,250
Total Revenue per Audited Statements
$5,710,250
Total Revenue per Form 990
$5,710,250
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,228,754
Other Expenses$1,470,830
Grants and Similar Amounts Paid$377,804
Total Fundraising Expense$180,551
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,188,299$120,364$120,364$2,429,027
Grants to Domestic Individuals$377,804--$377,804
Current Officers, Directors, Trustees, and Key Employees$330,059$18,155$18,155$366,369
Insurance$130,745$130,745-$261,490
Depreciation Depletion$234,119$12,322-$246,441
All Other Expenses$206,726$7,218$4,640$218,584
Payroll Taxes$193,173$10,625$10,625$214,423
Other Employee Benefits$147,954$8,138$8,138$164,230
Interest$155,340$8,176-$163,516
Fees for Services Other$77,861--$77,861
Pension Plan Contributions$49,283$2,711$2,711$54,705
Other Expenses$48,353$2,545-$50,898
Fees for Services Legal$4,644$29,656$4,643$38,943
Advertising$11,618$11,275$11,275$34,168
Information Technology$20,040--$20,040
Office Expenses$17,256$602-$17,858
Travel$2,007--$2,007
Total Functional Expenses$4,534,305$362,532$180,551$5,077,388

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,077,388
Total Expenses per Audited Statements$5,077,388
Total Expenses per Form 990$5,077,388
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$59,679
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
The Annual Fund$59,679$59,679-$59,679
Total Events$59,679$59,679-$59,679
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$13,620
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
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, Page 6, Part VI, Line 11B

Form 990 is prepared by an independent cpa firm and reviewed by the school's top management. The reviewed form 990 is then forwarded to the school's board of directors for review prior to filing with the irs.

Form 990, Page 6, Part VI, Line 12C

If any conflicts are disclosed by a board member, the board votes in absence of the conflicted party.

Form 990, Page 6, Part VI, Line 15A

The school uses form 990 of other similar-size schools, written employee contracts, and approval by board to determine the school officer's compensation. The final compensation determinations are documented in the board minutes.

Form 990, Page 6, Part VI, Line 19

Form 990 and form 1023 are available upon request. The form 990 is available to the general public

Filing and Contact Details

Filer

Filer Name
The Sae School Inc
EIN
45-2894607
Phone
6782393200
Address
6688 MABLETON PARKWAY, MABLETON, GA 30126

Signing Officer

Name
Scott Starowicz
Title
CFO
Phone
6783109136
Signed
2024-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Starowicz
Formed
2011
Legal Domicile
Ga
Voting Board Members
11
Independent Board Members
11
Employees
101

Preparer

Firm
Agl CPA Group LLC
Address
2905 PREMIERE PARKWAY SUITE 150, DULUTH, GA 30097
Preparer
James P Leutenegger CPA
Phone
7706222982
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The school's mission is to discover, nurture, and protect each child's individual life and academic journey. We believe that students should have a fun, safe and rigorous educational experience that prepares them to be the leaders, innovators, and influencers of their generation.

Form 990, Page 2, Part III, Line 4A

The sae school is an independent school founded in 2011 by a group of local parents and educators to create a school that focuses on the needs of the individual student through a project based learning instructional model. Opening its doors on august 13th, 2013 with 118 students in preschool through eighth grade and grew through the years to 400. The school received accreditation through the georgia accrediting commission effective as of july 2013. There is tremendous diversity represented within the student body: 85% african american / 5% caucasian / 5% multi-ethnic / 5% hispanic. Additionally, the school serves a diverse community of learners through its inclusion education program. Students with diagnosed learning differences are fully included with additional support designed on a student by student basis to ensure that each child receives and academic experience conducive to their learning style. Fundraising efforts engaged students, parents and supporting community members to create additional support including scholarships, supplies for special events, field trip funding and other program enhancements.

Form 990, Page 2, Part III, Line 4D

The sae school is an independent school founded in 2011 by a group of local parents and educators to create a school that focuses on the needs of the individual student through a project based learning instructional model. Opening its doors on august 13th, 2013 with 118 students in preschool through eighth grade and grew through the years to 400. The school received accreditation through the georgia accrediting commission effective as of july 2013. There is tremendous diversity represented within the student body: 85% african american / 5% caucasian / 5% multi-ethnic / 5% hispanic. Additionally, the school serves a diverse community of learners through its inclusion education program. Students with diagnosed learning differences are fully included with additional support designed on a student by student basis to ensure that each child receives and academic experience conducive to their learning style. Fundraising efforts engaged students, parents and supporting community members to create additional support including scholarships, supplies for special events, field trip funding and other program enhancements.

Form 990, Part XI, Line 9

Cogs reduced inventory sales f/s list 0 tuition reduced by scholarships 0 gain/loss on sale of assets difference 0 cogs reduced inventory 0 depreciation expense differences 0 scholarships listed separately per 990 0

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

Cogs reduced inventory sales f/s list 0 tuition reduced by scholarships 0 gain/loss on sale of assets difference 0

Schedule D, Page 4, Part XII, Line 2D

Cogs reduced inventory 0 depreciation expense differences 0 scholarships listed separately per 990 0

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IRS990/MissionDesc0THE SCHOOL'S MISSION IS TO DISCOVER, NURTURE, AND PROTECT EACH CHILD'S INDIVIDUAL LIFE AND ACADEMIC JOURNEY. WE BELIEVE THAT STUDENTS SHOULD HAVE A FUN, SAFE AND RIGOROUS EDUCATIONAL EXPERIENCE THAT PREPARES THEM TO BE THE LEADERS, INNOVATORS, AND INFLUENCERS OF THEIR GENERATION.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE SAE SCHOOL IS AN INDEPENDENT SCHOOL FOUNDED IN 2011 BY A GROUP OF LOCAL PARENTS AND EDUCATORS TO CREATE A SCHOOL THAT FOCUSES ON THE NEEDS OF THE INDIVIDUAL STUDENT THROUGH A PROJECT BASED LEARNING INSTRUCTIONAL MODEL. OPENING ITS DOORS ON AUGUST 13TH, 2013 WITH 118 STUDENTS IN PRESCHOOL THROUGH EIGHTH GRADE AND GREW THROUGH THE YEARS TO 400. THE SCHOOL RECEIVED ACCREDITATION THROUGH THE GEORGIA ACCREDITING COMMISSION EFFECTIVE AS OF JULY 2013. THERE IS TREMENDOUS DIVERSITY REPRESENTED WITHIN THE STUDENT BODY: 85% AFRICAN AMERICAN / 5% CAUCASIAN / 5% MULTI-ETHNIC / 5% HISPANIC. ADDITIONALLY, THE SCHOOL SERVES A DIVERSE COMMUNITY OF LEARNERS THROUGH ITS INCLUSION EDUCATION PROGRAM. STUDENTS WITH DIAGNOSED LEARNING DIFFERENCES ARE FULLY INCLUDED WITH ADDITIONAL SUPPORT DESIGNED ON A STUDENT BY STUDENT BASIS TO ENSURE THAT EACH CHILD RECEIVES AND ACADEMIC EXPERIENCE CONDUCIVE TO THEIR LEARNING STYLE. FUNDRAISING EFFORTS ENGAGED STUDENTS, PARENTS AND SUPPORTING COMMUNITY MEMBERS TO CREATE ADDITIONAL SUPPORT INCLUDING SCHOLARSHIPS, SUPPLIES FOR SPECIAL EVENTS, FIELD TRIP FUNDING AND OTHER PROGRAM ENHANCEMENTS.
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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 4B
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