Civic Intelligence

Peconic Community School

990 • Fiscal year 2015 • EIN 46-0627620

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 17, 2016

PO Box 273Aquebogue, NY 11931

(631) 779-2934

Siviq Scores

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

Liabilities / Assets

91st percentile

0.50x

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

2015 filings • NTEE B • <$500k nonprofits • Source year 2015

Liabilities / Revenue

84th percentile

0.08x

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

2015 filings • NTEE B • <$500k nonprofits • Source year 2015

Net Margin

57th percentile

8.0%

Higher net margin than 57% of similar nonprofits.

2015 filings • NTEE B • <$500k nonprofits • Source year 2015

Top Officer Pay

87th percentile

$7,750

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2015 filings • NTEE B • <$500k nonprofits • Source year 2015

Asset Growth

99th percentile

1334%

Faster asset growth than 99% of similar nonprofits.

2015 filings • NTEE B • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

93rd percentile

125%

Faster revenue growth than 93% of similar nonprofits.

2015 filings • NTEE B • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$65,726

Up $61,144 (+1334%) from 2014

Net Assets

Up

$32,956

Up $31,582 (+2299%) from 2014

Liabilities

Up

$32,770

Up $29,562 (+922%) from 2014

Revenue

Up

$396,059

Up $219,999 (+125%) from 2014

Expenses

Up

$364,477

Up $189,106 (+108%) from 2014

Net Income

Up

$31,582

Up $30,893 (+4484%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2014: $4,582Liabilities 2014: $3,208Net Assets 2014: $1,3742014Assets 2015: $65,726Liabilities 2015: $32,770Net Assets 2015: $32,9562015Assets 2016: $80,947Liabilities 2016: $23,363Net Assets 2016: $57,5842016Assets 2017: $120,563Liabilities 2017: $47,204Net Assets 2017: $73,3592017Assets 2019: $242,130Liabilities 2019: $125,214Net Assets 2019: $116,9162019Assets 2020: $311,691Liabilities 2020: $145,889Net Assets 2020: $165,8022020Assets 2021: $1,047,311Liabilities 2021: $268,020Net Assets 2021: $779,2912021Assets 2022: $1,045,520Liabilities 2022: $228,020Net Assets 2022: $817,5002022Assets 2024: $1,190,921Liabilities 2024: $243,825Net Assets 2024: $947,0962024

Highlighted filing

2015

Assets$65,726
Liabilities$32,770
Net Assets$32,956

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $176,060Expenses 2014: $175,371Net Income 2014: $6892014Revenue 2015: $396,059Expenses 2015: $364,477Net Income 2015: $31,5822015Revenue 2016: $490,334Expenses 2016: $465,706Net Income 2016: $24,6282016Revenue 2017: $580,571Expenses 2017: $564,796Net Income 2017: $15,7752017Revenue 2019: $884,859Expenses 2019: $868,515Net Income 2019: $16,3442019Revenue 2020: $870,146Expenses 2020: $944,846Net Income 2020: -$74,7002020Revenue 2021: $1,868,743Expenses 2021: $1,458,183Net Income 2021: $410,5602021Revenue 2022: $2,101,833Expenses 2022: $2,063,624Net Income 2022: $38,2092022Revenue 2024: $2,609,179Expenses 2024: $2,372,120Net Income 2024: $237,0592024

Highlighted filing

2015

Revenue$396,059
Expenses$364,477
Net Income$31,582
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 17, 2016
Return Version
2014v6.0
Gross Receipts
$405,831
Mission and Program Overview

Mission

To provide alternative education curriculum for interested families and students in the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,900$49,056▲ $46,156
Land, Buildings, and Equipment, Net-$5,390-
Prepaid Expenses and Deferred Charges$1,681$1,681→ $0
Accounts Receivable-$1,575-
Inventories for Sale or Use-$774-
Total Assets$4,581$65,726▲ $61,145
Other Assets Total-$7,250-
Liabilities
Deferred Revenue-$22,900-
Other Liabilities$2,907$6,357▲ $3,450
Accounts Payable and Accrued Expenses$300$3,513▲ $3,213
Total Liabilities$3,207$32,770▲ $29,563
Net Assets / Fund Balance
Unrestricted Net Assets$1,374$32,956▲ $31,582
Total Net Assets Fund Balance$1,374$32,956▲ $31,582
Total Liabilities and Net Assets / Fund Balance$4,581$65,726▲ $61,145

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,390$479$5,869
Other Assets Org$2,250--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Elizabeth Casey SearlCo-presidentFT$7,750$7,750
Kathryn Casey-quigleyCo-presidentFT$7,750$7,750

Board Members and Trustees

NameTitle
Barbara ButterworthTrustee
Lea AbramsTrustee
Amanda AbrahamSecretary
Patricia EckardtSecretary
Stephen SearlTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$124,753
Program Service Revenue
$271,008
Investment Income
$0
Other Revenue
$298
All Other Contributions
$53,850
Change in Net Assets
$31,582
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$279,538
Other Expenses$84,939
Total Fundraising Expense$1,173
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$217,380$25,384-$242,764
Occupancy$45,030$2,370-$47,400
Payroll Taxes$20,211$2,184-$22,395
Other Employee Benefits$14,379--$14,379
Insurance$3,568$3,568-$7,136
Office Expenses-$5,567-$5,567
All Other Expenses$821$3,440-$4,261
Advertising$1,173$1,173$1,173$3,519
Fees for Services Accounting-$1,800-$1,800
Other Expenses$1,663$1,023-$1,663
Depreciation Depletion$239$240-$479
Total Functional Expenses$316,555$46,749$1,173$364,477
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$9,800
Fundraising Direct Expenses$9,637
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Eve$40,621$9,800$9,637$163
Total Events$40,621$9,800$9,637$163
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$6,357
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
Yes
Conflict-of-interest policy
No
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 2

Kathryn casey quigley elizabeth casey searl co-president co-president sisters elizabeth casey searl stephen searl co-president treasurer husband and wife

Form 990, Page 6, Part VI, Line 11B

Form 990 is presented to the board of trustees for approval before filing. The board of trustees reads through form 990 with certified public accountant to make sure all information is recorded properly and accurate.

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

Officer and key employee wages subject to review and approval by board of trustees.

Form 990, Page 6, Part VI, Line 19

Governing documents made available to public upon request.

Filing and Contact Details

Filer

Filer Name
Peconic Community School
EIN
46-0627620
Phone
6317792934
Address
PO BOX 273, AQUEBOGUE, NY 11931

Signing Officer

Name
Kathryn Casey-quigley
Title
Co-president
Phone
6317792934
Signed
2016-01-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathryn Casey-quigley
Formed
2012
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
16
Volunteers
20

Preparer

Firm
FERRETTI & ODELL CPA'S PLLC
Address
6 STERLINGTON COMMONS, GREENPORT, NY 11944-1631
Preparer
Bryan Ferretti CPA
Phone
6314773011
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PRESENTED TO THE BOARD OF TRUSTEES FOR APPROVAL BEFORE FILING. THE BOARD OF TRUSTEES READS THROUGH FORM 990 WITH CERTIFIED PUBLIC ACCOUNTANT TO MAKE SURE ALL INFORMATION IS RECORDED PROPERLY AND ACCURATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICER AND KEY EMPLOYEE WAGES SUBJECT TO REVIEW AND APPROVAL BY BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS MADE AVAILABLE TO PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KATHRYN CASEY-QUIGLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO-PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06317792934
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-01-17
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FERRETTI & ODELL CPA'S PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06 STERLINGTON COMMONS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENPORT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY

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