Civic Intelligence

Peconic Community School

990 • Fiscal year 2020 • EIN 46-0627620

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 11, 2021

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

81st percentile

0.47x

Higher debt load relative to assets than 81% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

68th percentile

0.17x

Higher debt load relative to revenue than 68% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Net Margin

25th percentile

-8.6%

Higher net margin than 25% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

72nd percentile

$55,769

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 6.4% of source-year revenue.

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Asset Growth

73rd percentile

29%

Faster asset growth than 73% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

53rd percentile

-1.7%

Faster revenue growth than 53% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$311,691

Up $69,561 (+29%) from 2019

Net Assets

Up

$165,802

Up $48,886 (+42%) from 2019

Liabilities

Up

$145,889

Up $20,675 (+17%) from 2019

Revenue

Down

$870,146

Down $14,713 (-1.7%) from 2019

Expenses

Up

$944,846

Up $76,331 (+8.8%) from 2019

Net Income

Down

-$74,700

Down $91,044 (-557%) from 2019

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

2020

Assets$311,691
Liabilities$145,889
Net Assets$165,802

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

2020

Revenue$870,146
Expenses$944,846
Net Income-$74,700
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 11, 2021
Return Version
2019v5.0
Gross Receipts
$895,455
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$73,416$154,217▲ $80,801
Savings and Temporary Cash Investments$112,151$111,929▼ $222
Land, Buildings, and Equipment, Net$46,855$35,385▼ $11,470
Accounts Receivable$1,195$1,525▲ $330
Inventories for Sale or Use$1,000$1,000→ $0
Total Assets$242,130$311,691▲ $69,561
Other Assets Total$7,513$7,635▲ $122
Liabilities
Deferred Revenue$90,883$99,772▲ $8,889
Unsecured Notes Loans Payable$23,000$23,000→ $0
Other Liabilities$6,168$17,914▲ $11,746
Accounts Payable and Accrued Expenses$5,163$5,203▲ $40
Total Liabilities$125,214$145,889▲ $20,675
Net Assets / Fund Balance
Net Assets With Donor Restrictions$103,586$103,953▲ $367
Net Assets Without Donor Restrictions$13,330$61,849▲ $48,519
Total Net Assets Fund Balance$116,916$165,802▲ $48,886
Total Liabilities and Net Assets / Fund Balance$242,130$311,691▲ $69,561

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$35,385$31,838$67,223
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Elizabeth Casey SearlTrusteeFT$55,769$55,769
Kathryn Casey QuigleyTrusteeFT$55,769$55,769

Board Members and Trustees

NameTitle
Phyllis ConstanChairwoman
Stephan RoussanVice Chairpe
Cindy Armine-kleinTrustee
Herb StrobelTrustee
Lori CohenTrustee
Mary CrosbyTrustee
Patricia EckardtSecretary
Jeff ZeigerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$113,657
Program Service Revenue
$716,385
Investment Income
$367
Other Revenue
$39,737
All Other Contributions
$113,657
Change in Net Assets
$-74,700

Audited Revenue Reconciliation

Revenue per Audited Statements
$870,146
Revenue Not Reported on Form 990
$24,456
Total Revenue per Audited Statements
$894,602
Total Revenue per Form 990
$870,146
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$787,942
Other Expenses$156,904
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$579,250$100,000-$679,250
Other Employee Benefits$46,081$11,706-$57,787
Occupancy$43,958$10,990-$54,948
Payroll Taxes$43,046$7,859-$50,905
Insurance$9,088$9,089-$18,177
All Other Expenses$14,602$2,623-$17,225
Depreciation Depletion$9,750$1,720-$11,470
Advertising$9,535--$9,535
Fees for Services Accounting-$6,100-$6,100
Information Technology$5,361--$5,361
Other Expenses$5,017$1,145-$5,017
Office Expenses$587$3,327-$3,914
Fees for Services Legal-$1,000-$1,000
Interest-$920-$920
Total Functional Expenses$779,832$165,014$0$944,846

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$969,302
Expenses per Audited Statements$944,846
Total Expenses per Form 990$944,846
Expenses Not Reported on Form 990$24,456
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$62,963
Fundraising Direct Expenses$24,456
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Eve$62,963$62,963$24,456$38,507
Total Events$62,963$62,963$24,456$38,507
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expenses and Taxes Payable$17,914
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
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-director co-director sisters elizabeth casey searl stephen searl co-director 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
Trustee
Phone
6317792934
Signed
2021-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Phyllis Constan
Formed
2012
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
27
Volunteers
15

Preparer

Firm
FERRETTI & ODELL CPA'S PLLC
Address
PO BOX 2127 820 FRONT STREET, GREENPORT, NY 11944-1631
Preparer
Bryan Ferretti CPA
Phone
6314773011
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Ppp loan forgiveness 123,586

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Fundraising expenses reported as expenses 24,456

Schedule D, Page 4, Part XII, Line 2D

Fundraising expenses reported as expenses 24,456

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017914
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES AND TAXES PAYABLE
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IRS990ScheduleD/RevenueNotReportedAmt024456
IRS990ScheduleD/RevenueSubtotalAmt0870146
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EXPENSES REPORTED AS EXPENSES 24,456
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES REPORTED AS EXPENSES 24,456
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0RACIAL NON-DESCRIMINATION POLICY IS PUBLISHED IN TWO LOCAL NEWSPAPERS; STATEMENT ALSO LISTED ON WEBSITE, BROCHURES, APPLICATIONS, ENROLLMENT AGREEMENT, AND DISCUSSED VERBALLY DURING THE ADMISSIONS PROCESS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KATHRYN CASEY QUIGLEY ELIZABETH CASEY SEARL CO-DIRECTOR CO-DIRECTOR SISTERS ELIZABETH CASEY SEARL STEPHEN SEARL CO-DIRECTOR TREASURER HUSBAND AND WIFE
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.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990/WebsiteAddressTxt0PECONICCOMMUNITYSCHOOL.ORG
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