Civic Intelligence

Peconic Community School

990 • Fiscal year 2021 • EIN 46-0627620

Jul 01, 2020 to Jun 30, 2021 • 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

67th percentile

0.26x

Higher debt load relative to assets than 67% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

57th percentile

0.14x

Higher debt load relative to revenue than 57% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Net Margin

65th percentile

22%

Higher net margin than 65% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$65,498

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Asset Growth

95th percentile

236%

Faster asset growth than 95% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

88th percentile

115%

Faster revenue growth than 88% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,047,311

Up $735,620 (+236%) from 2020

Net Assets

Up

$779,291

Up $613,489 (+370%) from 2020

Liabilities

Up

$268,020

Up $122,131 (+84%) from 2020

Revenue

Up

$1,868,743

Up $998,597 (+115%) from 2020

Expenses

Up

$1,458,183

Up $513,337 (+54%) from 2020

Net Income

Up

$410,560

Up $485,260 (+650%) from 2020

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

2021

Assets$1,047,311
Liabilities$268,020
Net Assets$779,291

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

2021

Revenue$1,868,743
Expenses$1,458,183
Net Income$410,560
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 11, 2021
Return Version
2020v4.0
Gross Receipts
$1,879,628
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$154,217$782,219▲ $628,002
Savings and Temporary Cash Investments$111,929$209,764▲ $97,835
Land, Buildings, and Equipment, Net$35,385$37,617▲ $2,232
Accounts Receivable$1,525$8,014▲ $6,489
Prepaid Expenses and Deferred Charges-$1,447-
Inventories for Sale or Use$1,000$1,000→ $0
Total Assets$311,691$1,047,311▲ $735,620
Other Assets Total$7,635$7,250▼ $385
Liabilities
Deferred Revenue$99,772$230,729▲ $130,957
Accounts Payable and Accrued Expenses$5,203$16,574▲ $11,371
Unsecured Notes Loans Payable$23,000$13,388▼ $9,612
Other Liabilities$17,914$7,329▼ $10,585
Total Liabilities$145,889$268,020▲ $122,131
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$61,849$641,440▲ $579,591
Net Assets With Donor Restrictions$103,953$137,851▲ $33,898
Total Net Assets Fund Balance$165,802$779,291▲ $613,489
Total Liabilities and Net Assets / Fund Balance$311,691$1,047,311▲ $735,620

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$82,736-$82,736
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Elizabeth Casey SearlTrusteeFT$65,498$65,498
Kathryn Casey QuigleyTrusteeFT$62,038$62,038

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$271,413
Program Service Revenue
$1,525,858
Investment Income
$23
Other Revenue
$71,449
All Other Contributions
$201,413
Change in Net Assets
$410,560

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,868,743
Revenue Not Reported on Form 990
$6,795
Total Revenue per Audited Statements
$1,875,538
Total Revenue per Form 990
$1,868,743
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,145,019
Other Expenses$313,164
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$908,422$100,000-$1,008,422
Occupancy$76,593$19,148-$95,741
Payroll Taxes$76,260$8,327-$84,587
Other Employee Benefits$39,409$12,601-$52,010
All Other Expenses$25,260$8,587-$33,847
Insurance$8,997$8,997-$17,994
Depreciation Depletion$10,835$1,912-$12,747
Other Expenses$11,770$7,653-$11,770
Office Expenses$1,566$8,876-$10,442
Fees for Services Other-$8,025-$8,025
Information Technology$7,486--$7,486
Fees for Services Accounting-$6,900-$6,900
Advertising$4,511--$4,511
Fees for Services Legal-$1,500-$1,500
Interest-$683-$683
Total Functional Expenses$1,257,809$200,374$0$1,458,183

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,464,978
Expenses per Audited Statements$1,458,183
Total Expenses per Form 990$1,458,183
Expenses Not Reported on Form 990$6,795
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$77,342
Fundraising Direct Expenses$6,795
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Eve$147,342$77,342$6,795$70,547
Total Events$147,342$77,342$6,795$70,547
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$7,329
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

Elizabeth casey searl stephen searl trustee trustee husband and wife elizabeth casey searl kathryn casey quigley trustee trustee sisters

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
Phyllis Constan
Title
Chairwoman
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
11
Independent Board Members
11
Employees
37
Volunteers
20

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 202,929

Financial Statement Notes

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

Fundraising expenses reported as expenses 6,795

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

Fundraising expenses reported as expenses 6,795

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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/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0100000
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0908422
IRS990/OtherSalariesAndWagesGrp/TotalAmt01008422
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08327
IRS990/PayrollTaxesGrp/ProgramServicesAmt076260
IRS990/PayrollTaxesGrp/TotalAmt084587
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01447
IRS990/PrincipalOfficerNm0PHYLLIS CONSTAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01525858
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01525858
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0113657
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0367
IRS990/PYOtherExpensesAmt0156904
IRS990/PYOtherRevenueAmt039737
IRS990/PYProgramServiceRevenueAmt0716385
IRS990/PYRevenuesLessExpensesAmt0-74700
IRS990/PYSalariesCompEmpBnftPaidAmt0787942
IRS990/PYTotalExpensesAmt0944846
IRS990/PYTotalRevenueAmt0870146
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0410560
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0111929
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0209764
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/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesNotReportedAmt06795
IRS990ScheduleD/ExpensesSubtotalAmt01458183
IRS990ScheduleD/OtherExpensesIncludedAmt06795
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt082736
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt082736
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07329
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES AND TAXES PAYABLE
IRS990ScheduleD/OtherRevenueAmt06795
IRS990ScheduleD/RevenueNotReportedAmt06795
IRS990ScheduleD/RevenueSubtotalAmt01868743
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EXPENSES REPORTED AS EXPENSES 6,795
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES REPORTED AS EXPENSES 6,795
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt082736
IRS990ScheduleD/TotalExpensesPerForm990Amt01458183
IRS990ScheduleD/TotalLiabilityAmt07329
IRS990ScheduleD/TotalRevenuePerForm990Amt01868743
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01875538
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01464978
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0RACIAL NON-DESCRIMINATION POLICY IS LISTED ON WEBSITE, BROCHURES, APPLICATIONS, ENROLLMENT AGREEMENT, AND DISCUSSED VERBALLY DURING THE ADMISSIONS PROCESS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt070000
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt070000
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt06795
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRAISING EVE
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0147342
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0147342
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt077342
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt077342
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt070547
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt06795
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt06795
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ELIZABETH CASEY SEARL STEPHEN SEARL TRUSTEE TRUSTEE HUSBAND AND WIFE ELIZABETH CASEY SEARL KATHRYN CASEY QUIGLEY TRUSTEE TRUSTEE SISTERS
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/ExplanationTxt4PPP LOAN FORGIVENESS 202,929
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0311691
IRS990/TotalAssetsEOYAmt01047311
IRS990/TotalAssetsGrp/BOYAmt0311691
IRS990/TotalAssetsGrp/EOYAmt01047311
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0271413
IRS990/TotalEmployeeCnt037
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0200374
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01257809
IRS990/TotalFunctionalExpensesGrp/TotalAmt01458183
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0145889
IRS990/TotalLiabilitiesEOYAmt0268020
IRS990/TotalLiabilitiesGrp/BOYAmt0145889
IRS990/TotalLiabilitiesGrp/EOYAmt0268020
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0165802
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0779291
IRS990/TotalProgramServiceExpensesAmt01257809
IRS990/TotalProgramServiceRevenueAmt01525858
IRS990/TotalReportableCompFromOrgAmt0127536
IRS990/TotalRevenueGrp/ExclusionAmt0902
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01525881

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