Civic Intelligence

Academy of Science and Engineering

990 • Fiscal year 2016 • EIN 45-4686343

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 07, 2017

5753 Rodeo RoadLos Angeles, CA 90016

(213) 545-1100

Siviq Scores

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

Liabilities / Assets

94th percentile

1.19x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

65th percentile

0.24x

Higher debt load relative to revenue than 65% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

77th percentile

16%

Higher net margin than 77% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

78th percentile

$124,400

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

96th percentile

123%

Faster asset growth than 96% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

87th percentile

42%

Faster revenue growth than 87% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$647,340

Up $357,043 (+123%) from 2015

Net Assets

Up

-$123,485

Up $530,706 (+81%) from 2015

Liabilities

Down

$770,825

Down $173,663 (-18%) from 2015

Revenue

Up

$3,225,535

Up $951,153 (+42%) from 2015

Expenses

Down

$2,694,829

Down $11,872 (-0.4%) from 2015

Net Income

Up

$530,706

Up $963,025 (+223%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MAssets 2013: $803,519Liabilities 2013: $1,212,403Net Assets 2013: -$408,8842013Assets 2014: $734,664Liabilities 2014: $956,536Net Assets 2014: -$221,8722014Assets 2015: $290,297Liabilities 2015: $944,488Net Assets 2015: -$654,1912015Assets 2016: $647,340Liabilities 2016: $770,825Net Assets 2016: -$123,4852016Assets 2017: $380,074Liabilities 2017: $719,437Net Assets 2017: -$339,3632017

Highlighted filing

2016

Assets$647,340
Liabilities$770,825
Net Assets-$123,485

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2013: $1,965,7902013Revenue 2014: $2,769,819Expenses 2014: $2,582,807Net Income 2014: $187,0122014Revenue 2015: $2,274,382Expenses 2015: $2,706,701Net Income 2015: -$432,3192015Revenue 2016: $3,225,535Expenses 2016: $2,694,829Net Income 2016: $530,7062016Revenue 2017: $2,822,258Expenses 2017: $3,038,136Net Income 2017: -$215,8782017

Highlighted filing

2016

Revenue$3,225,535
Expenses$2,694,829
Net Income$530,706
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 7, 2017
Return Version
2015v3.0
Gross Receipts
$3,225,535
Mission and Program Overview

Mission

The mission of academy of science and engineering is to bring a rigorous and challenging education of the highest caliber to a community that has been historically under served. When high expectations are coupled with continued academic support, all students will be successful.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$154,093$253,923▲ $99,830
Land, Buildings, and Equipment, Net$109,558$243,526▲ $133,968
Cash and Non-Interest-Bearing Accounts$4,222$85,283▲ $81,061
Prepaid Expenses and Deferred Charges$22,424$64,608▲ $42,184
Loans From Officers Directors$17,000--
Total Assets$290,297$647,340▲ $357,043
Liabilities
Accounts Payable and Accrued Expenses$177,174$373,735▲ $196,561
Mortgage Notes Payable Secured by Investment Property$665,206$321,967▼ $343,239
Unsecured Notes Loans Payable$85,108$50,000▼ $35,108
Deferred Revenue-$25,123-
Total Liabilities$944,488$770,825▼ $173,663
Net Assets / Fund Balance
Temporarily Rstr Net Assets$78,184$78,184→ $0
Unrestricted Net Assets$-732,375$-201,669▲ $530,706
Total Net Assets Fund Balance$-654,191$-123,485▲ $530,706
Total Liabilities and Net Assets / Fund Balance$290,297$647,340▲ $357,043

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$125,183$47,093$172,276
Buildings$84,337$37,333$121,670
Equipment$34,006$14,783$48,789
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Teresa Henderson-johnsonFinancial MaFT$110,000$14,400$124,400
Cynthia AmosDirectorFT$24,000-$24,000

Board Members and Trustees

NameTitle
Loren M HillBoard Chair
Monique StennisBoard Vice C
Juan CabralMember
Gloria CamposSecretary
Rashidi JonesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,180,523
Program Service Revenue
$0
Investment Income
$59
Other Revenue
$44,953
Change in Net Assets
$530,706

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,225,535
Total Revenue per Audited Statements
$3,225,535
Total Revenue per Form 990
$3,225,535
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,375,257
Salaries, Compensation, and Employee Benefits$1,319,572
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$998,259--$998,259
Occupancy$344,360--$344,360
Other Employee Benefits$166,824--$166,824
Pension Plan Contributions$87,200--$87,200
Depreciation Depletion$78,258--$78,258
Fees for Services Management-$76,932-$76,932
Office Expenses$71,936--$71,936
Interest-$53,845-$53,845
Other Expenses$44,336--$44,336
Payroll Taxes$43,289--$43,289
Insurance-$26,374-$26,374
Current Officers, Directors, Trustees, and Key Employees$24,000--$24,000
Fees for Services Accounting-$15,636-$15,636
Fees for Services Other$14,586--$14,586
Fees for Services Legal-$13,241-$13,241
Information Technology$3,300--$3,300
Conferences and Meetings$141--$141
Total Functional Expenses$2,508,801$186,028$0$2,694,829

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,694,829
Total Expenses per Audited Statements$2,694,829
Total Expenses per Form 990$2,694,829
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
Loans from Officers, Directors, Trustees, and Key Employees$17,000--
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, Page 6, Part VI, Line 11B

The return is prepared and reviewed by the school's independent auditor and the school's management prior to distribution to the full board.

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

After disclosure of the financial interest and all material facts relating thereto, and after any discussion thereof, the interested person shall leave the board of directors' meeting while the financial interest is discussed and voted upon. The remaining board of directors shall decide if a conflict of interest exists.

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

Review of comparable compensation is performed by the board of directors before approval. Contemporaneous documentation is also maintained.

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

The compensation process for officers and key employees is the same as the process for the top official.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Academy of Science and Engineering
EIN
45-4686343
Phone
2135451100
Address
5753 RODEO ROAD, LOS ANGELES, CA 90016

Signing Officer

Name
Rashidi Jones
Title
Treasurer
Phone
3235451100
Signed
2017-02-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rashidi Jones
Formed
2012
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
33
Volunteers
2

Preparer

Firm
Vicenti Lloyd & Stutzman
Address
2210 E ROUTE 66 STE 100, GLENDORA, CA 91740-4676
Preparer
Derrick Debruyne CPA
Phone
6268577300
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of academy of science and engineering is to bring a rigorous and challenging education of the highest caliber to a community that has been historically under served. When high expectations are coupled with continued academic support, all students will be successful.

Financial Statement Notes

Schedule D, Page 3, Part X

The academy is a non-profit entity exempt from the payment of income taxes under internal revenue code section 501(c)(3) and california revenue and taxation code section 23701d. Accordingly, no provision has been made for income taxes. Management has determined that all income tax positions are more likely than not of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required. The academy files informational returns in the u.s. Federal jurisdiction, and the state of california. The statute of limitations for federal and california state purposes is generally three and four years, respectively.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY IS A NON-PROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE ACADEMY FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION, AND THE STATE OF CALIFORNIA. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0243526
IRS990ScheduleD/TotalExpensesPerForm990Amt02694829
IRS990ScheduleD/TotalRevenuePerForm990Amt03225535
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03225535
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02694829
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS A PUBLIC CHARTER SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ENTITY IS A PUBLIC CHARTER SCHOOL, NO SCHOLARSHIP OR FINANCIAL ASSISTANCE IS AWARDED.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL IS A PUBLIC CHARTER SCHOOL PRINCIPALLY FUNDED BY CALIFORNIA AND FEDERAL MONIES RECEIVED THROUGH THE CALIFORNIA DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF ACADEMY OF SCIENCE AND ENGINEERING IS TO BRING A RIGOROUS AND CHALLENGING EDUCATION OF THE HIGHEST CALIBER TO A COMMUNITY THAT HAS BEEN HISTORICALLY UNDER SERVED. WHEN HIGH EXPECTATIONS ARE COUPLED WITH CONTINUED ACADEMIC SUPPORT, ALL STUDENTS WILL BE SUCCESSFUL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN IS PREPARED AND REVIEWED BY THE SCHOOL'S INDEPENDENT AUDITOR AND THE SCHOOL'S MANAGEMENT PRIOR TO DISTRIBUTION TO THE FULL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS RELATING THERETO, AND AFTER ANY DISCUSSION THEREOF, THE INTERESTED PERSON SHALL LEAVE THE BOARD OF DIRECTORS' MEETING WHILE THE FINANCIAL INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OF DIRECTORS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEW OF COMPARABLE COMPENSATION IS PERFORMED BY THE BOARD OF DIRECTORS BEFORE APPROVAL. CONTEMPORANEOUS DOCUMENTATION IS ALSO MAINTAINED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE COMPENSATION PROCESS FOR OFFICERS AND KEY EMPLOYEES IS THE SAME AS THE PROCESS FOR THE TOP OFFICIAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt078184
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt078184
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0290297
IRS990/TotalAssetsEOYAmt0647340
IRS990/TotalAssetsGrp/BOYAmt0290297
IRS990/TotalAssetsGrp/EOYAmt0647340
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03180523
IRS990/TotalEmployeeCnt033
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0186028
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02508801
IRS990/TotalFunctionalExpensesGrp/TotalAmt02694829
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0944488
IRS990/TotalLiabilitiesEOYAmt0770825
IRS990/TotalLiabilitiesGrp/BOYAmt0944488
IRS990/TotalLiabilitiesGrp/EOYAmt0770825
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-654191
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-123485
IRS990/TotalOtherCompensationAmt014400
IRS990/TotalProgramServiceExpensesAmt02508801
IRS990/TotalReportableCompFromOrgAmt0134000
IRS990/TotalRevenueGrp/ExclusionAmt059
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt044953
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03225535
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0290297
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0647340
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-732375
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-201669
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt085108
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt050000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05753 RODEO ROAD
IRS990/USAddress/CityNm0LOS ANGELES
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090016
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.ASEHIGH.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RASHIDI JONES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03235451100
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ACADEMY OF SCIENCE AND ENGINEERING
ReturnHeader/Filer/BusinessNameControlTxt0ACAD
ReturnHeader/Filer/EIN0454686343
ReturnHeader/Filer/PhoneNum02135451100
ReturnHeader/Filer/USAddress/AddressLine1Txt05753 RODEO ROAD
ReturnHeader/Filer/USAddress/CityNm0LOS ANGELES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090016
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0952242818
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VICENTI LLOYD & STUTZMAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02210 E ROUTE 66 STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLENDORA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0917404676
ReturnHeader/PreparerPersonGrp/PhoneNum06268577300
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DERRICK DEBRUYNE CPA
ReturnHeader/ReturnTs02017-05-15T09:46:35-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

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