Civic Intelligence

Highland Academy Charter School

990 • Fiscal year 2018 • EIN 46-1008232

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

715 Wellwood AveBeaumont, CA 92223

(951) 266-0220

Siviq Scores

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

Liabilities / Assets

80th percentile

0.48x

Higher debt load relative to assets than 80% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

57th percentile

0.13x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

64th percentile

8.8%

Higher net margin than 64% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

81st percentile

$138,286

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

96th percentile

125%

Faster asset growth than 96% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

80th percentile

29%

Faster revenue growth than 80% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$851,980

Up $477,706 (+128%) from 2016

Net Assets

Up

$440,913

Up $345,731 (+363%) from 2016

Liabilities

Up

$411,067

Up $131,975 (+47%) from 2016

Revenue

Up

$3,075,205

Up $933,223 (+44%) from 2016

Expenses

Up

$2,805,232

Up $930,191 (+50%) from 2016

Net Income

Up

$269,973

Up $3,032 (+1.1%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2016: $374,274Liabilities 2016: $279,092Net Assets 2016: $95,1822016Assets 2018: $851,980Liabilities 2018: $411,067Net Assets 2018: $440,9132018Assets 2019: $1,017,226Liabilities 2019: $133,111Net Assets 2019: $884,1152019Assets 2020: $1,336,594Liabilities 2020: $167,541Net Assets 2020: $1,169,0532020Assets 2021: $1,955,057Liabilities 2021: $331,696Net Assets 2021: $1,623,3612021Assets 2022: $2,545,448Liabilities 2022: $728,255Net Assets 2022: $1,817,1932022

Highlighted filing

2018

Assets$851,980
Liabilities$411,067
Net Assets$440,913

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2016: $2,141,982Expenses 2016: $1,875,041Net Income 2016: $266,9412016Revenue 2018: $3,075,205Expenses 2018: $2,805,232Net Income 2018: $269,9732018Revenue 2019: $3,227,137Expenses 2019: $2,783,935Net Income 2019: $443,2022019Revenue 2020: $3,270,839Expenses 2020: $2,985,901Net Income 2020: $284,9382020Revenue 2021: $3,387,840Expenses 2021: $2,933,532Net Income 2021: $454,3082021Revenue 2022: $3,620,198Expenses 2022: $3,426,366Net Income 2022: $193,8322022

Highlighted filing

2018

Revenue$3,075,205
Expenses$2,805,232
Net Income$269,973
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$3,075,205
Mission and Program Overview

Mission

To build character, foster self-motivation and enhance leadership ability in students. Using core subjects, faculty will teach the necessary 21st century skills of technology, collaboration, critical thinking and creativity in a safe and individualized environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$289,576$450,011▲ $160,435
Cash and Non-Interest-Bearing Accounts$50,687$341,042▲ $290,355
Prepaid Expenses and Deferred Charges$10,261$28,520▲ $18,259
Land, Buildings, and Equipment, Net$28,169$20,672▼ $7,497
Total Assets$378,693$851,980▲ $473,287
Other Assets Total$0$11,735▲ $11,735
Liabilities
Accounts Payable and Accrued Expenses$207,753$411,067▲ $203,314
Total Liabilities$207,753$411,067▲ $203,314
Net Assets / Fund Balance
Unrestricted Net Assets$170,940$258,902▲ $87,962
Temporarily Rstr Net Assets-$182,011-
Total Net Assets Fund Balance$170,940$440,913▲ $269,973
Total Liabilities and Net Assets / Fund Balance$378,693$851,980▲ $473,287

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$19,004$55,848$74,852
Leasehold Improvements$1,668$382$2,050
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brent BishopExecutive DirectorFT$104,851$33,435$138,286

Board Members and Trustees

NameTitle
Kevin LisboaBoard President
Brooke HorspoolBoard CFO
Matt NeriBoard Member
Rich DavisBoard Member
Leslie HoseyBoard Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,052,183
Program Service Revenue
$23,022
Investment Income
$0
Other Revenue
$0
All Other Contributions
$82,003
Change in Net Assets
$269,973

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,075,205
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,075,205
Total Revenue per Form 990
$3,075,205
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,849,991
Other Expenses$955,241
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,127,437$215,885-$1,343,322
Fees for Services Management$340,054$85,015-$425,069
All Other Expenses$144,176$36,044-$180,220
Other Employee Benefits$131,545$19,154-$150,699
Current Officers, Directors, Trustees, and Key Employees$42,828$99,933-$142,761
Pension Plan Contributions$118,523$20,110-$138,633
Occupancy$102,472$25,618-$128,090
Payroll Taxes$59,661$14,915-$74,576
Office Expenses-$66,691-$66,691
Fees for Services Other$28,238$7,060-$35,298
Interest$25,365$6,341-$31,706
Insurance-$20,271-$20,271
Travel$14,971$3,750-$18,721
Information Technology-$16,782-$16,782
Fees for Services Accounting-$15,775-$15,775
Depreciation Depletion$11,601$2,900-$14,501
Fees for Services Legal$1,234$309-$1,543
Conferences and Meetings$459$115-$574
Total Functional Expenses$2,148,564$656,668$0$2,805,232

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,805,232
Total Expenses per Audited Statements$2,805,232
Total Expenses per Form 990$2,805,232
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
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
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 A, Line 8B

There are no committees with the authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

A draft of the return is sent to the executive director for initial review, copies are also provided to the board. Once approved the executive director directs the firm to revise if necessary and finalize the return.

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

The organization monitors the conflict of interest policy through the open sessions of the board meeting. The process is annually evaluated during teachers' training week before the school starts, we go through policies in the ee handbook. School administrators' monitor the process with board members' supervision. It is enforced through a system of checks and balances. All invoices must be reviewed by the director of finance who is neither a purchaser nor a signer, and signed by either the executive director or the assistant director who was not the purchaser. Every purchase over $5,000 must be reviewed and approved by our board.

Form 990, Part VI, Section B, Line 15A

The board reviews the executive director compensation and ensures it is in line with industry standards. The board sets the compensation of top management.

Form 990, Part VI, Section C, Line 19

Governing documents, policies and financial statements are provided to the public upon written request to the board.

Filing and Contact Details

Filer

Filer Name
Highland Academy Charter School
EIN
46-1008232
Phone
9512660220
Address
715 WELLWOOD AVE, BEAUMONT, CA 92223

Signing Officer

Name
Brent Bishop
Title
Executive Director
Phone
9512660220
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brent Bishop
Formed
2012
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
52
Volunteers
20

Preparer

Firm
Cliftonlarsonallen Llp
Address
2210 EAST ROUTE 66, GLENDORA, CA 91740
Preparer
Wade Mcmullen
Phone
6268577300
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The school is a non-profit entity exempt from the payment of income taxes under internal revenue code section 501(c)(3) and california revenue and taxation code section 23701d. Accordingly, no provision has been made for income taxes. Management has determined that all income tax positions are more likely than not of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required.

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS A NON-PROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt020672
IRS990ScheduleD/TotalExpensesPerForm990Amt02805232
IRS990ScheduleD/TotalRevenuePerForm990Amt03075205
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03075205
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02805232
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/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE NONDISCRIMINATORY POLICY IS FOUND IN THE CHARTER PETITION.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1HIGHLAND ACADEMY IS A PUBLIC CHARTER SCHOOL AND NO TUITION IS CHARGED. SCHOLARSHIPS ARE NOT APPLICABLE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION RECEIVED SEVERAL EDUCATIONAL GRANTS FROM GOVERNMENT AGENCIES WHICH ARE NOTED ON THE STATEMENT OF REVENUE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF THE RETURN IS SENT TO THE EXECUTIVE DIRECTOR FOR INITIAL REVIEW, COPIES ARE ALSO PROVIDED TO THE BOARD. ONCE APPROVED THE EXECUTIVE DIRECTOR DIRECTS THE FIRM TO REVISE IF NECESSARY AND FINALIZE THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MONITORS THE CONFLICT OF INTEREST POLICY THROUGH THE OPEN SESSIONS OF THE BOARD MEETING. THE PROCESS IS ANNUALLY EVALUATED DURING TEACHERS' TRAINING WEEK BEFORE THE SCHOOL STARTS, WE GO THROUGH POLICIES IN THE EE HANDBOOK. SCHOOL ADMINISTRATORS' MONITOR THE PROCESS WITH BOARD MEMBERS' SUPERVISION. IT IS ENFORCED THROUGH A SYSTEM OF CHECKS AND BALANCES. ALL INVOICES MUST BE REVIEWED BY THE DIRECTOR OF FINANCE WHO IS NEITHER A PURCHASER NOR A SIGNER, AND SIGNED BY EITHER THE EXECUTIVE DIRECTOR OR THE ASSISTANT DIRECTOR WHO WAS NOT THE PURCHASER. EVERY PURCHASE OVER $5,000 MUST BE REVIEWED AND APPROVED BY OUR BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD REVIEWS THE EXECUTIVE DIRECTOR COMPENSATION AND ENSURES IT IS IN LINE WITH INDUSTRY STANDARDS. THE BOARD SETS THE COMPENSATION OF TOP MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE PROVIDED TO THE PUBLIC UPON WRITTEN REQUEST TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0182011
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0378693
IRS990/TotalAssetsEOYAmt0851980
IRS990/TotalAssetsGrp/BOYAmt0378693
IRS990/TotalAssetsGrp/EOYAmt0851980
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03052183
IRS990/TotalEmployeeCnt052
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0656668
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02148564
IRS990/TotalFunctionalExpensesGrp/TotalAmt02805232
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0207753
IRS990/TotalLiabilitiesEOYAmt0411067
IRS990/TotalLiabilitiesGrp/BOYAmt0207753
IRS990/TotalLiabilitiesGrp/EOYAmt0411067
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0170940
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0440913
IRS990/TotalOtherCompensationAmt033435
IRS990/TotalProgramServiceExpensesAmt02148564
IRS990/TotalProgramServiceRevenueAmt023022
IRS990/TotalReportableCompFromOrgAmt0104851
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt023022
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03075205
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0378693
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0851980
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt03750
IRS990/TravelGrp/ProgramServicesAmt014971
IRS990/TravelGrp/TotalAmt018721
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0170940
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0258902
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0715 WELLWOOD AVE
IRS990/USAddress/CityNm0BEAUMONT
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092223
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.HIGHLAND-ACADEMY.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRENT BISHOP
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09512660220
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HIGHLAND ACADEMY CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0HIGH
ReturnHeader/Filer/EIN0461008232
ReturnHeader/Filer/PhoneNum09512660220
ReturnHeader/Filer/USAddress/AddressLine1Txt0715 WELLWOOD AVE
ReturnHeader/Filer/USAddress/CityNm0BEAUMONT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092223
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F0F62AA6298128500262D125680EAF6D2D38659B
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0FAAF2A0F47C983ECA4BA3B7CB7C1C98A8B67BDDF
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt067.137.57.251
ReturnHeader/FilingSecurityInformation/IPDt02019-05-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm016:12:28
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02210 EAST ROUTE 66
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLENDORA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091740
ReturnHeader/PreparerPersonGrp/PhoneNum06268577300
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WADE MCMULLEN
ReturnHeader/ReturnTs02019-05-15T12:12:54-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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