Civic Intelligence

Knowledge Enlightens You

990 • Fiscal year 2019 • EIN 45-4849239

Jul 01, 2018 to Jun 30, 2019 • Filed on Jun 11, 2020

11750 Dublin Blvd 204Dublin, CA 94568

(510) 543-4124

Siviq Scores

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

Liabilities / Assets

77th percentile

0.51x

Higher debt load relative to assets than 77% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

47th percentile

0.14x

Higher debt load relative to revenue than 47% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

36th percentile

-0.6%

Higher net margin than 36% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$121,871

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

41st percentile

0.8%

Faster asset growth than 41% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

58th percentile

6.9%

Faster revenue growth than 58% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,756,047

Up $14,168 (+0.8%) from 2018

Net Assets

Down

$857,646

Down $35,999 (-4.0%) from 2018

Liabilities

Up

$898,401

Up $50,167 (+5.9%) from 2018

Revenue

Up

$6,372,037

Up $408,878 (+6.9%) from 2018

Expenses

Up

$6,408,036

Up $488,877 (+8.3%) from 2018

Net Income

Down

-$35,999

Down $79,999 (-182%) from 2018

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $1Liabilities 2012: $02012Assets 2013: $1Liabilities 2013: $02013Assets 2014: $607,400Liabilities 2014: $421,224Net Assets 2014: $186,1762014Assets 2015: $975,568Liabilities 2015: $541,850Net Assets 2015: $433,7182015Assets 2016: $1,572,587Liabilities 2016: $935,636Net Assets 2016: $636,9512016Assets 2017: $1,776,524Liabilities 2017: $926,880Net Assets 2017: $849,6442017Assets 2018: $1,741,879Liabilities 2018: $848,234Net Assets 2018: $893,6452018Assets 2019: $1,756,047Liabilities 2019: $898,401Net Assets 2019: $857,6462019Assets 2020: $2,595,182Liabilities 2020: $1,688,171Net Assets 2020: $907,0112020Assets 2021: $3,057,877Liabilities 2021: $1,315,459Net Assets 2021: $1,742,4182021Assets 2022: $3,261,193Liabilities 2022: $1,474,205Net Assets 2022: $1,786,9882022Assets 2023: $5,078,848Liabilities 2023: $3,155,966Net Assets 2023: $1,922,8822023

Highlighted filing

2019

Assets$1,756,047
Liabilities$898,401
Net Assets$857,646

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2012: $0Expenses 2012: $0Net Income 2012: $02012Revenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $1,465,961Expenses 2014: $1,279,785Net Income 2014: $186,1762014Revenue 2015: $2,290,124Expenses 2015: $2,042,582Net Income 2015: $247,5422015Revenue 2016: $4,938,646Expenses 2016: $4,735,413Net Income 2016: $203,2332016Revenue 2017: $5,498,639Expenses 2017: $5,285,946Net Income 2017: $212,6932017Revenue 2018: $5,963,159Expenses 2018: $5,919,159Net Income 2018: $44,0002018Revenue 2019: $6,372,037Expenses 2019: $6,408,036Net Income 2019: -$35,9992019Revenue 2020: $6,577,242Expenses 2020: $6,527,877Net Income 2020: $49,3652020Revenue 2021: $8,044,453Expenses 2021: $7,209,045Net Income 2021: $835,4082021Revenue 2022: $7,265,372Expenses 2022: $7,220,802Net Income 2022: $44,5702022Revenue 2023: $9,015,854Expenses 2023: $8,879,960Net Income 2023: $135,8942023

Highlighted filing

2019

Revenue$6,372,037
Expenses$6,408,036
Net Income-$35,999
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jun 11, 2020
Return Version
2018v3.1
Gross Receipts
$6,372,037
Mission and Program Overview

Mission

To provide quality education to students in kindergarten through eighth grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,098,781$971,698▼ $127,083
Accounts Receivable$587,568$734,927▲ $147,359
Prepaid Expenses and Deferred Charges$50,544$49,422▼ $1,122
Land, Buildings, and Equipment, Net$4,986$0▼ $4,986
Total Assets$1,741,879$1,756,047▲ $14,168
Liabilities
Accounts Payable and Accrued Expenses$848,234$898,401▲ $50,167
Total Liabilities$848,234$898,401▲ $50,167
Net Assets / Fund Balance
Unrestricted Net Assets$893,645$857,646▼ $35,999
Total Net Assets Fund Balance$893,645$857,646▼ $35,999
Total Liabilities and Net Assets / Fund Balance$1,741,879$1,756,047▲ $14,168

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$37,396$37,396
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tiffany KastriotisHrFT$105,534$16,337$121,871
David RamirezExecutive DirectorFT$99,274$15,520$114,794

Board Members and Trustees

NameTitle
Sufian Al KhalidiPresident
Linda MohammedVice President
Eric GomkeBoard Member
Anthony VuSecretary
Kevin SymesTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Key Educational GroupBack Office Support11750 DUBLIN BLVD 204, Dublin, CA 94568$1,114,616
Revenue and Support

Revenue Composition

Contributions and Grants
$6,372,037
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$179,726
Change in Net Assets
$-35,999

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,372,037
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,372,037
Total Revenue per Form 990
$6,372,037
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,923,881
Other Expenses$2,484,155
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,857,476$230,188-$3,087,664
Other Employee Benefits$696,550$24,873-$721,423
Other Expenses$156,141$142,192-$142,192
Current Officers, Directors, Trustees, and Key Employees$114,794--$114,794
All Other Expenses$25,193$57,688-$82,881
Travel$17,244--$17,244
Depreciation Depletion-$4,986-$4,986
Total Functional Expenses$4,980,157$1,427,879$0$6,408,036

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,408,036
Total Expenses per Audited Statements$6,408,036
Total Expenses per Form 990$6,408,036
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
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
Yes
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 A, Line 4

As of december, 2019 key academy changed its bylaws of its membership.

Form 990, Part VI, Section B, Line 11B

A copy of the form 990 is provided by the cpa firm to the executive director for review, who in turn allows the board to review the form 990 prior to filing.

Form 990, Part VI, Section B, Line 12C

Each designated employee shall file a statement of economic interest - form 700, with the secretary of the corporation, which will make the statements available for public inspection and reporduction. Upon receipt of the statements of the designated employees, the secretary shall retain the originals of these statements.

Form 990, Part VI, Section B, Line 15

Compensation is determiend by the board of directors at a board meeting using data from other charter schools, and surrounding salary scales of job positions that were comparable, as well as the school's budget.

Form 990, Part VI, Section C, Line 19

All documents are available for public review at the school site and at public meetings.

Filing and Contact Details

Filer

Filer Name
Knowledge Enlightens You
EIN
45-4849239
Phone
5105434124
Address
11750 DUBLIN BLVD 204, DUBLIN, CA 94568

Signing Officer

Name
David Ramirez
Title
Executive Director
Phone
5105434124
Signed
2020-06-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sufian Al Khalidi
Formed
2012
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
59
Volunteers
0

Preparer

Firm
Squar Milner 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 rocess has not changed.

Raw XML AppendixShowing 400 of 419 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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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
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AS OF DECEMBER, 2019 KEY ACADEMY CHANGED ITS BYLAWS OF ITS MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS PROVIDED BY THE CPA FIRM TO THE EXECUTIVE DIRECTOR FOR REVIEW, WHO IN TURN ALLOWS THE BOARD TO REVIEW THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH DESIGNATED EMPLOYEE SHALL FILE A STATEMENT OF ECONOMIC INTEREST - FORM 700, WITH THE SECRETARY OF THE CORPORATION, WHICH WILL MAKE THE STATEMENTS AVAILABLE FOR PUBLIC INSPECTION AND REPORDUCTION. UPON RECEIPT OF THE STATEMENTS OF THE DESIGNATED EMPLOYEES, THE SECRETARY SHALL RETAIN THE ORIGINALS OF THESE STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS DETERMIEND BY THE BOARD OF DIRECTORS AT A BOARD MEETING USING DATA FROM OTHER CHARTER SCHOOLS, AND SURROUNDING SALARY SCALES OF JOB POSITIONS THAT WERE COMPARABLE, AS WELL AS THE SCHOOL'S BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DOCUMENTS ARE AVAILABLE FOR PUBLIC REVIEW AT THE SCHOOL SITE AND AT PUBLIC MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ROCESS HAS NOT CHANGED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
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IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.KEYACADEMYCHARTER.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID RAMIREZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05105434124
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KNOWLEDGE ENLIGHTENS YOU
ReturnHeader/Filer/BusinessNameControlTxt0KNOW
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