Civic Intelligence

Life School Education Foundation

990EZ • Fiscal year 2020 • EIN 46-1224531

Sep 01, 2019 to Aug 31, 2020 • Filed on Mar 22, 2021

132 East Ovilla Road Suite ARed Oak, TX 75154

(469) 850-5433

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2020

Net Margin

92nd percentile

61%

Higher net margin than 92% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

69th percentile

24%

Faster asset growth than 69% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

53rd percentile

-11%

Faster revenue growth than 53% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$120,288

Up $23,556 (+24%) from 2019

Net Assets

Up

$120,288

Up $23,806 (+25%) from 2019

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$39,330

Down $4,634 (-11%) from 2019

Expenses

Down

$15,524

Down $73,925 (-83%) from 2019

Net Income

Up

$23,806

Up $69,291 (+152%) from 2019

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2016: $236,504Net Assets 2016: $236,5042016Assets 2017: $229,531Liabilities 2017: $2,560Net Assets 2017: $226,9712017Assets 2018: $267,477Liabilities 2018: $510Net Assets 2018: $266,9672018Assets 2019: $96,732Liabilities 2019: $250Net Assets 2019: $96,4822019Assets 2020: $120,288Net Assets 2020: $120,2882020Assets 2021: $149,699Liabilities 2021: $125Net Assets 2021: $149,5742021Assets 2022: $233,347Liabilities 2022: $125Net Assets 2022: $233,2222022Assets 2023: $225,449Net Assets 2023: $225,4492023Assets 2024: $279,172Liabilities 2024: $1,680Net Assets 2024: $277,4922024

Highlighted filing

2020

Assets$120,288
Liabilities-
Net Assets$120,288

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2016: $32,419Expenses 2016: $18,850Net Income 2016: $13,5692016Revenue 2017: $18,634Expenses 2017: $28,167Net Income 2017: -$9,5332017Revenue 2018: $54,887Expenses 2018: $14,891Net Income 2018: $39,9962018Revenue 2019: $43,964Expenses 2019: $89,449Net Income 2019: -$45,4852019Revenue 2020: $39,330Expenses 2020: $15,524Net Income 2020: $23,8062020Revenue 2021: $53,042Expenses 2021: $23,904Net Income 2021: $29,1382021Revenue 2022: $111,032Expenses 2022: $26,042Net Income 2022: $84,9902022Revenue 2023: $81,093Expenses 2023: $89,831Net Income 2023: -$8,7382023Revenue 2024: $92,900Expenses 2024: $44,218Net Income 2024: $48,6822024

Highlighted filing

2020

Revenue$39,330
Expenses$15,524
Net Income$23,806
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Mar 22, 2021
Return Version
2019v5.0
Gross Receipts
$55,441
Mission and Program Overview

Mission

To provide support for the programs and students of LifeSchool, a nonprofit charter school.

Program Services

DescriptionGrantsExpenses
Provide support for the programs and students of LifeSchool, a nonprofit charter school.$12,078$8,400
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brent WilsonPresident-$0--
Scott FullerSecretary-$0--
Megan BeckTreasurer-$0--
Eddie DavisExecutive Ofc-$0--
Tim TaysDirector-$0--
Dan PickettDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$18,000$18,000$2,335$15,665
Clay Shoot$8,550$8,550$465$8,085
Total Events$26,550$26,550$16,111$10,439
Filing and Contact Details

Filer

Filer Name
Life School Education Foundation
EIN
46-1224531
Phone
4698505433
Address
132 East Ovilla Road Suite A, Red Oak, TX 75154

Signing Officer

Name
Megan Beck
Title
Treasurer
Signed
2021-03-22
Discuss with paid preparer
Yes

Preparer

Firm
Hankins Eastup Deaton Tonn & Seay
Address
902 N LOCUST ST, DENTON, TX 76201
Preparer
Dan Tonn
Phone
9403878563
Supplemental Narrative

Additional Explanations

Other Expenses.1

MEALS $3605

Other Expenses.2

Professional services $650

Other Expenses.3

PROMOTIONAL MEDIA $649

Other Expenses.4

Travel $331

Other Expenses.5

MISCELLANEOUS $270

Other Expenses.6

Membership Dues $50

Other Expenses.7

GENERAL SUPPLIES $43

Other Expenses.8

TECHNOLOGY SUPPLIES $25

Other Assets.1006

Pledges and Grants Receivable - Beginning $7352 Pledges and Grants Receivable - Ending $6670

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $250 Accounts Payable and Accrued Expenses - Ending $0

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEALS $3605
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PROFESSIONAL SERVICES $650
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROMOTIONAL MEDIA $649
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Travel $331
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MISCELLANEOUS $270
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Membership Dues $50
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GENERAL SUPPLIES $43
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7TECHNOLOGY SUPPLIES $25
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Megan Beck
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Life School Education Foundation
ReturnHeader/Filer/BusinessNameControlTxt0LIFE
ReturnHeader/Filer/EIN0461224531
ReturnHeader/Filer/PhoneNum04698505433
ReturnHeader/Filer/USAddress/AddressLine1Txt0132 East Ovilla Road Suite A
ReturnHeader/Filer/USAddress/CityNm0Red Oak
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075154
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HANKINS EASTUP DEATON TONN & SEAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0902 N LOCUST ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DENTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd076201
ReturnHeader/PreparerPersonGrp/PhoneNum09403878563
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Dan Tonn
ReturnHeader/ReturnTs02021-03-22T14:03:04-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-09-01
ReturnHeader/TaxPeriodEndDt02020-08-31
ReturnHeader/TaxYr02019

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Filings