Civic Intelligence

Capstone Education Group Inc.

990 • Fiscal year 2017 • EIN 45-4885204

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 08, 2018

Organization ProfileWWW.CORNERSTONEPREPMEMPHIS.ORG/CAPSTONE-EDUCAT

View Organization Page

PO Box 22569Memphis, TN 38122-0569

(901) 261-4384

Siviq Scores

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

Liabilities / Assets

40th percentile

0.13x

Higher debt load relative to assets than 40% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

31st percentile

0.11x

Higher debt load relative to revenue than 31% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

74th percentile

15%

Higher net margin than 74% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$170,874

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

87th percentile

26%

Faster asset growth than 87% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

28th percentile

-2.3%

Faster revenue growth than 28% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets40th percentile

Assets

Up

$12,515,679

Up $2,566,727 (+26%) from 2016

Net Assets

Up

$10,912,266

Up $2,139,722 (+24%) from 2016

Liabilities

Up

$1,603,413

Up $427,005 (+36%) from 2016

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin74th percentile

Revenue

Down

$14,660,585

Down $340,610 (-2.3%) from 2016

Expenses

Up

$12,520,863

Up $80,709 (+0.6%) from 2016

Net Income

Down

$2,139,722

Down $421,319 (-16%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

$40M$30M$20M$10M$0Assets 2013: $5,031,386Liabilities 2013: $13,517Net Assets 2013: $5,017,8692013Assets 2014: $6,042,144Liabilities 2014: $196,591Net Assets 2014: $5,845,5532014Assets 2015: $6,267,054Liabilities 2015: $55,551Net Assets 2015: $6,211,5032015Assets 2016: $9,948,952Liabilities 2016: $1,176,408Net Assets 2016: $8,772,5442016Assets 2017: $12,515,679Liabilities 2017: $1,603,413Net Assets 2017: $10,912,2662017Assets 2018: $14,288,705Liabilities 2018: $1,187,463Net Assets 2018: $13,101,2422018Assets 2019: $15,927,287Liabilities 2019: $735,508Net Assets 2019: $15,191,7792019Assets 2020: $17,450,935Liabilities 2020: $844,580Net Assets 2020: $16,606,3552020Assets 2021: $17,393,723Liabilities 2021: $587,467Net Assets 2021: $16,806,2562021Assets 2022: $24,521,664Liabilities 2022: $3,737,785Net Assets 2022: $20,783,8792022Assets 2023: $23,971,387Liabilities 2023: $814,656Net Assets 2023: $23,156,7312023Assets 2024: $27,358,569Liabilities 2024: $682,684Net Assets 2024: $26,675,8852024Assets 2025: $30,379,135Liabilities 2025: $1,328,930Net Assets 2025: $29,050,2052025

Highlighted filing

2017

Assets$12,515,679
Liabilities$1,603,413
Net Assets$10,912,266
Open 2017 Filing

Operations Trend

Revenue Growth28th percentile

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

$30M$20M$10M$0Expenses 2013: $02013Revenue 2014: $5,186,727Expenses 2014: $4,359,043Net Income 2014: $827,6842014Revenue 2015: $6,106,089Expenses 2015: $5,606,265Net Income 2015: $499,8242015Revenue 2016: $15,001,195Expenses 2016: $12,440,154Net Income 2016: $2,561,0412016Revenue 2017: $14,660,585Expenses 2017: $12,520,863Net Income 2017: $2,139,7222017Revenue 2018: $15,405,632Expenses 2018: $13,216,656Net Income 2018: $2,188,9762018Revenue 2019: $15,674,741Expenses 2019: $13,584,204Net Income 2019: $2,090,5372019Revenue 2020: $15,819,066Expenses 2020: $14,404,490Net Income 2020: $1,414,5762020Revenue 2021: $16,006,106Expenses 2021: $15,806,205Net Income 2021: $199,9012021Revenue 2022: $20,250,688Expenses 2022: $16,224,709Net Income 2022: $4,025,9792022Revenue 2023: $20,578,588Expenses 2023: $18,205,736Net Income 2023: $2,372,8522023Revenue 2024: $23,844,184Expenses 2024: $20,325,032Net Income 2024: $3,519,1522024Revenue 2025: $21,535,365Expenses 2025: $19,161,045Net Income 2025: $2,374,3202025

Highlighted filing

2017

Revenue$14,660,585
Expenses$12,520,863
Net Income$2,139,722
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 8, 2018
Return Version
2016v3.0
Gross Receipts
$14,660,585
Mission and Program Overview

Mission

Equips students with wisdom and knowledge necessary to succeed in college

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,119,142$7,038,706▲ $2,919,564
Savings and Temporary Cash Investments$2,431,280$2,444,808▲ $13,528
Accounts Receivable$1,827,778$818,759▼ $1,009,019
Prepaid Expenses and Deferred Charges$39,918$61,990▲ $22,072
Land, Buildings, and Equipment, Net$1,181$373▼ $808
Total Assets$9,948,952$12,515,679▲ $2,566,727
Other Assets Total$1,529,653$2,151,043▲ $621,390
Liabilities
Other Liabilities$930,994$1,270,446▲ $339,452
Unsecured Notes Loans Payable$175,000$175,000→ $0
Accounts Payable and Accrued Expenses$70,414$157,967▲ $87,553
Total Liabilities$1,176,408$1,603,413▲ $427,005
Net Assets / Fund Balance
Unrestricted Net Assets$8,772,544$10,912,266▲ $2,139,722
Total Net Assets Fund Balance$8,772,544$10,912,266▲ $2,139,722
Total Liabilities and Net Assets / Fund Balance$9,948,952$12,515,679▲ $2,566,727

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$373$13,860$14,233
Leasehold Improvements$0$9,490$9,490
Other Assets Org$72,608--
Compensation and Service Providers
Top Officer Pay49th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Drew SippelExecutive DirectorFT$158,510$12,364$170,874

Board Members and Trustees

NameTitle
Jay Darren HarvillChairman
Thomas M MarinoVice Chairman
Cam EcholsDirector
Elliot PerryDirector
Jason CookDirector
Monika L JohnsonDirector
Octavious NicksonDirector
Scott WalkerDirector
Paul F T EdwardsSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Gca Services GroupJanitorialPO BOX 534198, Atlanta, GA 30353$308,209
Durham School ServicesTransportationPO BOX 841879, Dallas, TX 75284$228,136
Revenue and Support

Revenue Composition

Contributions and Grants
$14,634,243
Program Service Revenue
$0
Investment Income
$26,342
Other Revenue
$0
All Other Contributions
$1,085,788
Change in Net Assets
$2,139,722

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,660,585
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$14,660,585
Total Revenue per Form 990
$14,660,585
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,055,641
Other Expenses$2,465,222
Total Fundraising Expense$19,135
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,304,513$175,354-$8,479,867
Payroll Taxes$614,577$1,249$1,249$617,075
Occupancy$562,168$29,291-$591,459
Fees for Services Other$456,108--$456,108
Other Employee Benefits$452,080$386$386$452,852
Pension Plan Contributions$330,847--$330,847
Other Expenses$226,161--$226,161
All Other Expenses$182,381$14,319-$196,700
Current Officers, Directors, Trustees, and Key Employees$140,000$17,500$17,500$175,000
Office Expenses$95,635--$95,635
Insurance$21,869$1,530-$23,399
Travel$12,098--$12,098
Depreciation Depletion$754$54-$808
Total Functional Expenses$12,262,045$239,683$19,135$12,520,863

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$12,520,863
Total Expenses per Audited Statements$12,520,863
Total Expenses per Form 990$12,520,863
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Inflows$711,532
Net Pension Liability$558,914
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, Section B, Line 11B

“The preparer provided a copy of the final version of form 990 to the board of directors before it was filed. Additionally, the board of directors reviewed and approved the return before it was filed.”

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

“Annual conflict of interest statements to identify potential conflicts with vendors, employees, clients, and other potential conflicts are completed by all board members. Periodic reviews are also conducted and when conflicts arise, a resolution is determined by the board of directors.”

Form 990, Part VI, Section B, Line 15

“Compensation for all employees of capstone education group are determined based on market rates, education level and experience and compensation levels are consistent with comparable data from school systems in the area with board approval of all employee compensation.”

Form 990, Part VI, Section C, Line 19

“Capstone education group has available for public inspection all required documents in a separate binder marked "open for public inspection and will provide the information for review by anyone upon request.”

Filing and Contact Details

Filer

Filer Name
Capstone Education Group Inc
EIN
45-4885204
Phone
9012614384
Address
PO BOX 22569, MEMPHIS, TN 38122-0569

Signing Officer

Name
Drew Sippel
Title
Executive Director
Phone
9012614384
Signed
2018-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Drew Sippel
Formed
2012
Legal Domicile
Tn
Voting Board Members
9
Independent Board Members
9
Employees
219
Volunteers
100

Preparer

Firm
Henderson Hutcherson & Mccullough Pllc
Address
1755 KIRBY PARKWAY SUITE 200, MEMPHIS, TN 38120
Preparer
Richard a Swope CPA
Phone
9016834234
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The organization has not changed the oversight process for the audited financial statements or the selection process of the independent auditors from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“Accounting principles generally accepted in the united states of america requires management of the school to evaluate tax positions taken by the school and recognize a tax liability (or asset) if the school has taken an uncertain position that more likely than not would not be sustained upon examination by the irs. The school has analyzed the tax positions taken by the school and has concluded that as of june 30, 2017, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The school is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any tax periods. The school believes that it is no longer subject to income tax examinations for years prior to 2014.”

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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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IRS990/OfficeExpensesGrp/ProgramServicesAmt095635
IRS990/OfficeExpensesGrp/TotalAmt095635
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01529653
IRS990/OtherAssetsTotalGrp/EOYAmt02151043
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0386
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0386
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0452080
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0452852
IRS990/OtherExpensesGrp/Desc0CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc1DUES AND MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3STUDENT SERVICES
IRS990/OtherExpensesGrp/ProgramServicesAmt0314734
IRS990/OtherExpensesGrp/ProgramServicesAmt1276291
IRS990/OtherExpensesGrp/ProgramServicesAmt2271829
IRS990/OtherExpensesGrp/ProgramServicesAmt3226161
IRS990/OtherExpensesGrp/TotalAmt0314734
IRS990/OtherExpensesGrp/TotalAmt1276291
IRS990/OtherExpensesGrp/TotalAmt2271829
IRS990/OtherExpensesGrp/TotalAmt3226161
IRS990/OtherLiabilitiesGrp/BOYAmt0930994
IRS990/OtherLiabilitiesGrp/EOYAmt01270446
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0175354
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt08304513
IRS990/OtherSalariesAndWagesGrp/TotalAmt08479867
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01249
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01249
IRS990/PayrollTaxesGrp/ProgramServicesAmt0614577
IRS990/PayrollTaxesGrp/TotalAmt0617075
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0330847
IRS990/PensionPlanContributionsGrp/TotalAmt0330847
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt039918
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt061990
IRS990/PrincipalOfficerNm0DREW SIPPEL
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt014972002
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt029193
IRS990/PYOtherExpensesAmt03159823
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02561041
IRS990/PYSalariesCompEmpBnftPaidAmt09280331
IRS990/PYTotalExpensesAmt012440154
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt015001195
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02139722
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt014660585
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02431280
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02444808
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0373
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013860
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014233
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt012520863
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt09490
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt09490
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02078435
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt172608
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NET PENSION ASSET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0711532
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1558914
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt014660585
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT OF THE SCHOOL TO EVALUATE TAX POSITIONS TAKEN BY THE SCHOOL AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE SCHOOL HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE SCHOOL HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL AND HAS CONCLUDED THAT AS OF JUNE 30, 2017, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS. THE SCHOOL BELIEVES THAT IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0373
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02151043
IRS990ScheduleD/TotalExpensesPerForm990Amt012520863
IRS990ScheduleD/TotalLiabilityAmt01270446
IRS990ScheduleD/TotalRevenuePerForm990Amt014660585
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt014660585
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012520863
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ALL MATERIALS RELATED TO SOLICITATION FOR STUDENTS, INCLUDING REGISTRATION MATERIALS, CLEARLY DESCRIBES THE SCHOOL'S NON-DISCRIMINATION POLICIES IN AN ATTEMPT TO INFORM THE ENTIRE COMMUNITY OF ITS NON-DISCRIMINATORY POLICIES.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1RECEIVED GRANT FROM THE BOARD OF EDUCATION OF THE SHELBY COUNTY SCHOOLS BASIC EDUCATION PROGRAM OF $11,496,754 AND U.S. DEPARTMENT OF EDUCATION GRANTS OF $2,051,701.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0158510
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount08500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt03864
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DREW SIPPEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0170874
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PREPARER PROVIDED A COPY OF THE FINAL VERSION OF FORM 990 TO THE BOARD OF DIRECTORS BEFORE IT WAS FILED. ADDITIONALLY, THE BOARD OF DIRECTORS REVIEWED AND APPROVED THE RETURN BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUAL CONFLICT OF INTEREST STATEMENTS TO IDENTIFY POTENTIAL CONFLICTS WITH VENDORS, EMPLOYEES, CLIENTS, AND OTHER POTENTIAL CONFLICTS ARE COMPLETED BY ALL BOARD MEMBERS. PERIODIC REVIEWS ARE ALSO CONDUCTED AND WHEN CONFLICTS ARISE, A RESOLUTION IS DETERMINED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION FOR ALL EMPLOYEES OF CAPSTONE EDUCATION GROUP ARE DETERMINED BASED ON MARKET RATES, EDUCATION LEVEL AND EXPERIENCE AND COMPENSATION LEVELS ARE CONSISTENT WITH COMPARABLE DATA FROM SCHOOL SYSTEMS IN THE AREA WITH BOARD APPROVAL OF ALL EMPLOYEE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CAPSTONE EDUCATION GROUP HAS AVAILABLE FOR PUBLIC INSPECTION ALL REQUIRED DOCUMENTS IN A SEPARATE BINDER MARKED "OPEN FOR PUBLIC INSPECTION AND WILL PROVIDE THE INFORMATION FOR REVIEW BY ANYONE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS NOT CHANGED THE OVERSIGHT PROCESS FOR THE AUDITED FINANCIAL STATEMENTS OR THE SELECTION PROCESS OF THE INDEPENDENT AUDITORS FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09948952
IRS990/TotalAssetsEOYAmt012515679
IRS990/TotalAssetsGrp/BOYAmt09948952
IRS990/TotalAssetsGrp/EOYAmt012515679

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,515,679
Liabilities
$1,603,413
Net assets
$10,912,266
Revenue
$14,660,585
Expenses
$12,520,863
Net income
$2,139,722
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$30.4$1.33$29.1$21.5$19.2$2.37
2024Detailed filing. Detailed filing data is available for this year.$27.4$0.68$26.7$23.8$20.3$3.52
2023Detailed filing. Detailed filing data is available for this year.$24.0$0.81$23.2$20.6$18.2$2.37
2022Detailed filing. Detailed filing data is available for this year.$24.5$3.74$20.8$20.3$16.2$4.03
2021Detailed filing. Detailed filing data is available for this year.$17.4$0.59$16.8$16.0$15.8$0.20
2020Detailed filing. Detailed filing data is available for this year.$17.5$0.84$16.6$15.8$14.4$1.41
2019Detailed filing. Detailed filing data is available for this year.$15.9$0.74$15.2$15.7$13.6$2.09
2018Detailed filing. Detailed filing data is available for this year.$14.3$1.19$13.1$15.4$13.2$2.19
2017Detailed filing. Detailed filing data is available for this year.$12.5$1.60$10.9$14.7$12.5$2.14
2016Detailed filing. Detailed filing data is available for this year.$9.95$1.18$8.77$15.0$12.4$2.56
2015Detailed filing. Detailed filing data is available for this year.$6.27$0.06$6.21$6.11$5.61$0.50
2014Detailed filing. Detailed filing data is available for this year.$6.04$0.20$5.85$5.19$4.36$0.83
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.03$0.01$5.02$0.00