Civic Intelligence

The Koan School

990 • Fiscal year 2022 • EIN 46-1694085

Aug 01, 2021 to Jul 31, 2022 • Filed on Jun 15, 2023

PO Box 2961Denton, TX 76202

(940) 783-5566

Siviq Scores

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

Liabilities / Assets

90th percentile

0.66x

Higher debt load relative to assets than 90% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

90th percentile

0.85x

Higher debt load relative to revenue than 90% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

53rd percentile

7.9%

Higher net margin than 53% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

61st percentile

$33,750

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

70th percentile

15%

Faster asset growth than 70% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

74th percentile

39%

Faster revenue growth than 74% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$861,429

Up $112,374 (+15%) from 2021

Net Assets

Up

$297,177

Up $52,651 (+22%) from 2021

Liabilities

Up

$564,252

Up $59,723 (+12%) from 2021

Revenue

Up

$664,569

Up $185,599 (+39%) from 2021

Expenses

Up

$611,918

Up $239,704 (+64%) from 2021

Net Income

Down

$52,651

Down $54,105 (-51%) from 2021

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2013: $2,331Liabilities 2013: $02013Assets 2014: $16,932Liabilities 2014: $0Net Assets 2014: $16,9322014Assets 2015: $14,242Liabilities 2015: $36,932Net Assets 2015: -$22,6902015Assets 2016: $160,559Liabilities 2016: $80,338Net Assets 2016: $80,2212016Assets 2017: $643,425Liabilities 2017: $561,926Net Assets 2017: $81,4992017Assets 2018: $662,031Liabilities 2018: $585,776Net Assets 2018: $76,2552018Assets 2019: $682,309Liabilities 2019: $564,743Net Assets 2019: $117,5662019Assets 2020: $644,920Liabilities 2020: $507,150Net Assets 2020: $137,7702020Assets 2021: $749,055Liabilities 2021: $504,529Net Assets 2021: $244,5262021Assets 2022: $861,429Liabilities 2022: $564,252Net Assets 2022: $297,1772022Assets 2023: $1,861,446Liabilities 2023: $1,521,814Net Assets 2023: $339,6322023Assets 2024: $1,793,883Liabilities 2024: $1,473,242Net Assets 2024: $320,6412024

Highlighted filing

2022

Assets$861,429
Liabilities$564,252
Net Assets$297,177

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2013: $17,443Expenses 2013: $15,112Net Income 2013: $2,3312013Revenue 2014: $122,506Expenses 2014: $107,905Net Income 2014: $14,6012014Revenue 2015: $250,276Expenses 2015: $276,840Net Income 2015: -$26,5642015Revenue 2016: $455,383Expenses 2016: $355,958Net Income 2016: $99,4252016Revenue 2017: $361,623Expenses 2017: $360,345Net Income 2017: $1,2782017Revenue 2018: $446,869Expenses 2018: $452,113Net Income 2018: -$5,2442018Revenue 2019: $556,343Expenses 2019: $515,032Net Income 2019: $41,3112019Revenue 2020: $582,655Expenses 2020: $562,451Net Income 2020: $20,2042020Revenue 2021: $478,970Expenses 2021: $372,214Net Income 2021: $106,7562021Revenue 2022: $664,569Expenses 2022: $611,918Net Income 2022: $52,6512022Revenue 2023: $972,443Expenses 2023: $929,988Net Income 2023: $42,4552023Revenue 2024: $1,094,238Expenses 2024: $1,113,229Net Income 2024: -$18,9912024

Highlighted filing

2022

Revenue$664,569
Expenses$611,918
Net Income$52,651
Jump To
Filing Snapshot
Filing Period
Aug 1, 2021 to Jul 31, 2022
Signed
Jun 15, 2023
Return Version
2021v4.1
Gross Receipts
$664,569
Mission and Program Overview

Mission

To provide a low-cost alternative for private education while keeping class sizes small enough to accommodate the diverse interests and skills of young learners in our community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$611,381$589,132▼ $22,249
Rtn Earn Endowment Incm Other Fnds$244,526$297,177▲ $52,651
Cash and Non-Interest-Bearing Accounts$133,574$155,298▲ $21,724
Intangible Assets$4,100$31,048▲ $26,948
Loans From Officers Directors$60,000$27,000▼ $33,000
Other Notes and Loans Receivable, Net-$282-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$749,055$861,429▲ $112,374
Other Assets Total-$85,669-
Liabilities
Mortgage Notes Payable Secured by Investment Property$442,989$529,805▲ $86,816
Accounts Payable and Accrued Expenses$1,540$7,447▲ $5,907
Total Liabilities$504,529$564,252▲ $59,723
Net Assets / Fund Balance
Total Net Assets Fund Balance$244,526$297,177▲ $52,651
Total Liabilities and Net Assets / Fund Balance$749,055$861,429▲ $112,374

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$382,669$89,492$472,161
Land$189,353-$189,353
Equipment$16,802$26,224$43,026
Other Land Buildings$308$10,923$11,231
Other Assets Org$85,669--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Amanda NewtonDirectorFT$33,750$33,750
Greg GullionExecutive DirectorFT$18,000$18,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$7,902
Program Service Revenue
$628,167
Investment Income
$0
Other Revenue
$28,500
All Other Contributions
$7,902
Change in Net Assets
$52,651
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$469,415
Other Expenses$142,503
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$357,308--$357,308
Current Officers, Directors, Trustees, and Key Employees$36,988$36,000-$72,988
Payroll Taxes$32,308$2,963-$35,271
Interest$27,054$2,352-$29,406
Depreciation Depletion$21,203$1,780-$22,983
Occupancy$16,746$1,456-$18,202
Insurance$15,639$1,360-$16,999
Pension Plan Contributions$3,848--$3,848
Office Expenses-$3,124-$3,124
Other Expenses$3,057--$3,057
Fees for Services Accounting-$2,628-$2,628
All Other Expenses$589$473-$1,062
Total Functional Expenses$559,782$52,136$0$611,918
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$60,000$27,000▼ $33,000
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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, Line 11B: Form 990 Review Process

Copies of the Form 990 were provided to all of the Directors for their review and all issues or questions were resolved before the Form 990 was filed with the Internal Revenue Service.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board members are required to sign the conflict of interest policy annually.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Board members establish and review salaries of employees annually.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Board members establish and review salaries of employees annually.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Koan School
EIN
46-1694085
Phone
9407835566
Address
PO Box 2961, Denton, TX 76202

Signing Officer

Name
Greg Gullion
Title
Executive Director
Signed
2023-06-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg Gullion
Formed
2012
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
9
Employees
21
Volunteers
12

Preparer

Firm
Anderson Spector & Co PC
Address
222 E McKinney Ste 100, Denton, TX 76201
Preparer
Steffanee Moynagh CPA
Phone
9405660512
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IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt085669
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0School Supplies and Materials
IRS990/OtherExpensesGrp/Desc1Repairs and Maintenance
IRS990/OtherExpensesGrp/Desc2Program Fees
IRS990/OtherExpensesGrp/Desc3Animal Care
IRS990/OtherExpensesGrp/ProgramServicesAmt021206
IRS990/OtherExpensesGrp/ProgramServicesAmt119204
IRS990/OtherExpensesGrp/ProgramServicesAmt24632
IRS990/OtherExpensesGrp/ProgramServicesAmt33057
IRS990/OtherExpensesGrp/TotalAmt021206
IRS990/OtherExpensesGrp/TotalAmt119204
IRS990/OtherExpensesGrp/TotalAmt24632
IRS990/OtherExpensesGrp/TotalAmt33057
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0357308
IRS990/OtherSalariesAndWagesGrp/TotalAmt0357308
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0282
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02963
IRS990/PayrollTaxesGrp/ProgramServicesAmt032308
IRS990/PayrollTaxesGrp/TotalAmt035271
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03848
IRS990/PensionPlanContributionsGrp/TotalAmt03848
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Greg Gullion
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0Tuition
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0628167
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0628167
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt095695
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0161285
IRS990/PYOtherRevenueAmt07500
IRS990/PYProgramServiceRevenueAmt0375775
IRS990/PYRevenuesLessExpensesAmt0106756
IRS990/PYSalariesCompEmpBnftPaidAmt0210929
IRS990/PYTotalExpensesAmt0372214
IRS990/PYTotalRevenueAmt0478970
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt052651
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt028500
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0628167
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0244526
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0297177
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0382669
IRS990ScheduleD/BuildingsGrp/DepreciationAmt089492
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0472161
IRS990ScheduleD/EquipmentGrp/BookValueAmt016802
IRS990ScheduleD/EquipmentGrp/DepreciationAmt026224
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt043026
IRS990ScheduleD/LandGrp/BookValueAmt0189353
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0189353
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt085669
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BUILDINGS - CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0308
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt010923
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011231
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0589132
IRS990ScheduleD/TotalBookValueOtherAssetsAmt085669
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/ExplanationTxt0The Koan School publicizes its racial nondiscrimination policy prominently on their website and on their application during its period of solicitation for students. The Koan School chooses this method of communication as they feel the website reaches all segments of the general community that the school serves rather than the traditional newspaper or broadcast media which has a more limited audience.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt027000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0WORKING CAP
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt060000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0HEATHER BARAHONA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRIOR ED
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt027000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Copies of the Form 990 were provided to all of the Directors for their review and all issues or questions were resolved before the Form 990 was filed with the Internal Revenue Service.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members are required to sign the conflict of interest policy annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board members establish and review salaries of employees annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board members establish and review salaries of employees annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0749055
IRS990/TotalAssetsEOYAmt0861429
IRS990/TotalAssetsGrp/BOYAmt0749055
IRS990/TotalAssetsGrp/EOYAmt0861429
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt07902

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$1.47$0.32$1.09$1.11$0.02
2023Summary only. Only limited summary data is available for this year.$1.86$1.52$0.34$0.97$0.93$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.86$0.56$0.30$0.66$0.61$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.75$0.50$0.24$0.48$0.37$0.11
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.51$0.14$0.58$0.56$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$0.56$0.12$0.56$0.52$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$0.59$0.08$0.45$0.45$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.56$0.08$0.36$0.36$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.16$0.08$0.08$0.46$0.36$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.01$0.04$0.02$0.25$0.28$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.12$0.11$0.01
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$0.02$0.02$0.00