Civic Intelligence

Tapestry School Inc.

990 • Fiscal year 2014 • EIN 46-0560091

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 10, 2014

PO Box 48082Atlanta, GA 30362

(470) 268-6403

Siviq Scores

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

Liabilities / Assets

91st percentile

0.68x

Higher debt load relative to assets than 91% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

93rd percentile

0.59x

Higher debt load relative to revenue than 93% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

76th percentile

19%

Higher net margin than 76% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

78th percentile

$7,800

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

$140,914

No earlier filing loaded for comparison.

Net Assets

$44,988

No earlier filing loaded for comparison.

Liabilities

$95,926

No earlier filing loaded for comparison.

Revenue

$162,063

No earlier filing loaded for comparison.

Expenses

$130,949

No earlier filing loaded for comparison.

Net Income

$31,114

No earlier filing loaded for comparison.

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 2014: $140,914Liabilities 2014: $95,926Net Assets 2014: $44,9882014Assets 2015: $4,340,237Liabilities 2015: $3,705,422Net Assets 2015: $634,8152015Assets 2016: $4,981,687Liabilities 2016: $3,731,257Net Assets 2016: $1,250,4302016Assets 2017: $7,805,025Liabilities 2017: $5,918,121Net Assets 2017: $1,886,9042017Assets 2018: $8,471,720Liabilities 2018: $7,123,330Net Assets 2018: $1,348,3902018Assets 2019: $8,456,620Liabilities 2019: $7,742,461Net Assets 2019: $714,1592019Assets 2020: $9,748,238Liabilities 2020: $9,845,592Net Assets 2020: -$97,3542020Assets 2021: $9,350,306Liabilities 2021: $10,659,665Net Assets 2021: -$1,309,3592021Assets 2022: $8,388,886Liabilities 2022: $5,255,077Net Assets 2022: $3,133,8092022Assets 2023: $10,133,189Liabilities 2023: $7,265,589Net Assets 2023: $2,867,6002023Assets 2024: $9,005,689Liabilities 2024: $7,335,175Net Assets 2024: $1,670,5142024Assets 2025: $9,378,642Liabilities 2025: $8,489,885Net Assets 2025: $888,7572025

Highlighted filing

2014

Assets$140,914
Liabilities$95,926
Net Assets$44,988

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2014: $162,063Expenses 2014: $130,949Net Income 2014: $31,1142014Revenue 2015: $1,684,016Expenses 2015: $1,644,898Net Income 2015: $39,1182015Revenue 2016: $2,632,817Expenses 2016: $2,154,368Net Income 2016: $478,4492016Revenue 2017: $4,102,318Expenses 2017: $3,264,431Net Income 2017: $837,8872017Revenue 2018: $3,841,185Expenses 2018: $4,369,277Net Income 2018: -$528,0922018Revenue 2019: $4,601,253Expenses 2019: $4,757,688Net Income 2019: -$156,4352019Revenue 2020: $5,184,353Expenses 2020: $5,037,230Net Income 2020: $147,1232020Revenue 2021: $4,134,551Expenses 2021: $4,192,252Net Income 2021: -$57,7012021Revenue 2022: $8,694,544Expenses 2022: $4,347,020Net Income 2022: $4,347,5242022Revenue 2023: $5,585,367Expenses 2023: $5,426,802Net Income 2023: $158,5652023Revenue 2024: $6,413,993Expenses 2024: $7,611,081Net Income 2024: -$1,197,0882024Revenue 2025: $6,686,711Expenses 2025: $7,468,469Net Income 2025: -$781,7582025

Highlighted filing

2014

Revenue$162,063
Expenses$130,949
Net Income$31,114
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 10, 2014
Return Version
2013v3.0
Gross Receipts
$162,063
Mission and Program Overview

Mission

Tapestry offers an inclusive, individualized learning environment that is academically engaging, both for neurotypical students and those on the autism spectrum, and creates a positive school experience.

Offer an inclusive, individualized learning environment that is academically engaging, both for neurotypical students and those on the autism spectrum, and create a positive school culture that empowers all students to become creative builders of their own future.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$0$103,062▲ $103,062
Savings and Temporary Cash Investments$13,721$34,805▲ $21,084
Cash and Non-Interest-Bearing Accounts$152$3,047▲ $2,895
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$13,873$140,914▲ $127,041
Other Assets Total$0$0→ $0
Liabilities
Unsecured Notes Loans Payable$0$95,926▲ $95,926
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$95,926▲ $95,926
Net Assets / Fund Balance
Unrestricted Net Assets$13,873$44,988▲ $31,115
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$13,873$44,988▲ $31,115
Total Liabilities and Net Assets / Fund Balance$13,873$140,914▲ $127,041
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Amanda L Chilvers PhDSchool PrincipalFT$7,800$7,800

Board Members and Trustees

NameTitle
Tonna Harris-BosselmannBoard Chair
David Warlick CPAFinance Chairman
Suzanne BakerGrants Chair
Greta Massetti PhDPolicy Chair
Ashley StatesSpecial Education Chair
Devon Orland Christopher JDVice Chairman
Ann Abramowitz PhDBoard member
Barbara Lawson-LononBoard member
Dana Maine JDBoard member
Karen Harris Brown PhDBoard member
Richard KaplanBoard member
Simon HuebnerBoard member
Stacey LevyBoard member
Michael BurkeChief Financial Officer
Amy Windom HiltonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$162,007
Program Service Revenue
$0
Investment Income
$56
Other Revenue
$0
All Other Contributions
$58,945
Change in Net Assets
$31,114
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$121,314
Salaries, Compensation, and Employee Benefits$9,635
Total Fundraising Expense$5,698
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$71,930$4,392$4,392$80,714
Information Technology$22,328$2,083$0$24,411
Current Officers, Directors, Trustees, and Key Employees$6,240$780$780$7,800
Insurance$2,504$1,210$0$3,714
Travel$3,388$0$0$3,388
Other Expenses$2,960$0$0$2,960
Other Employee Benefits$1,835$0$0$1,835
Fees for Services Management$1,623-$0$1,623
Advertising$1,415$0$0$1,415
Fees for Services Accounting$896$100$0$996
Office Expenses$293$556$0$849
Fees for Service Investment Mgmnt Fees$0$0$526$526
Interest$218$0-$218
Total Functional Expenses$115,630$9,621$5,698$130,949
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

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

Tapestry Public Charter School presented the TY2013 Form 990 in the read-ahead package for the Board meeting of October 20, 2014. Board members had two weeks to comment on the Form 990. The Finance Chair provided links to the underlying data: the links included QuickBooks reports for FY13 financial statements, FY14 financial statements, and Program detail. The Board Chair approved the final version of the Form 990 on November 7, 2014.

Form 990, Part VI, Section C, Line 19

Tapestry Public Charter School seeks to be a transparent organization. The Finance Committee shares all of its financial data on OneDrive for Business. The Board shares all of its grant data, policy manuals, checkbook registers, and minutes on Google+. While the general public does not have access to our OneDrive or Google+, the Board does provide copies of any information requested. Our public website, tapestrycharter.org, provides access to our charter petition, state contract, student-enrollment application, and Board-member application.

Filing and Contact Details

Filer

EIN
46-0560091
Phone
4702686403

Signing Officer

Name
Tonna Harris-bosselmann
Title
Chairman
Phone
4702686403
Signed
2014-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Devon Christopher
Formed
2012
Legal Domicile
Ga
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
25

Preparer

Preparer
David Warlick CPA
Phone
4043254300
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

The $1 entry is a rounding error due to using whole dollars on the Form 990.

Raw XML AppendixShowing 400 of 620 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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IRS990/Form990PartVIISectionAGrp/PersonNm1Suzanne Baker
IRS990/Form990PartVIISectionAGrp/PersonNm2Tonna Harris-Bosselmann
IRS990/Form990PartVIISectionAGrp/PersonNm3Karen Harris Brown PhD
IRS990/Form990PartVIISectionAGrp/PersonNm4Michael Burke
IRS990/Form990PartVIISectionAGrp/PersonNm5Devon Orland Christopher JD
IRS990/Form990PartVIISectionAGrp/PersonNm6Amy Windom Hilton
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IRS990/Form990PartVIISectionAGrp/PersonNm11Dana Maine JD
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IRS990/Form990PartVIISectionAGrp/PersonNm14David Warlick CPA
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IRS990/MissionDesc0The mission of Tapestry Public Charter School is to offer an inclusive, individualized learning environment that is academically engaging, both for neurotypical students and those on the autism spectrum, and to create a positive school culture that empowers all students to take possession of their innate talents and become creative builders of their own future.
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