Civic Intelligence

Kepler Education Inc DBA Kepler Neighborhood Schools

990 • Fiscal year 2017 • EIN 46-1925070

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 25, 2018

1462 Broadway StFresno, CA 93721

(559) 495-0849

Siviq Scores

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

Liabilities / Assets

90th percentile

0.92x

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

91st percentile

2.93x

Higher debt load relative to revenue than 91% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

54th percentile

4.0%

Higher net margin than 54% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$93,500

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

100th percentile

966%

Faster asset growth than 100% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

71st percentile

15%

Faster revenue growth than 71% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$11,708,042

Up $10,609,376 (+966%) from 2016

Net Assets

Up

$954,617

Up $146,540 (+18%) from 2016

Liabilities

Up

$10,753,425

Up $10,462,836 (+3601%) from 2016

Revenue

Up

$3,674,723

Up $481,550 (+15%) from 2016

Expenses

Up

$3,528,182

Up $933,104 (+36%) from 2016

Net Income

Down

$146,541

Down $451,554 (-75%) from 2016

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2013: $1Liabilities 2013: $02013Assets 2014: $550,011Liabilities 2014: $475,935Net Assets 2014: $74,0762014Assets 2015: $501,493Liabilities 2015: $291,510Net Assets 2015: $209,9832015Assets 2016: $1,098,666Liabilities 2016: $290,589Net Assets 2016: $808,0772016Assets 2017: $11,708,042Liabilities 2017: $10,753,425Net Assets 2017: $954,6172017Assets 2018: $11,854,660Liabilities 2018: $10,878,903Net Assets 2018: $975,7572018Assets 2019: $12,001,523Liabilities 2019: $10,951,675Net Assets 2019: $1,049,8482019Assets 2020: $13,068,090Liabilities 2020: $11,117,619Net Assets 2020: $1,950,4712020Assets 2021: $14,773,613Liabilities 2021: $11,695,441Net Assets 2021: $3,078,1722021Assets 2022: $14,048,949Liabilities 2022: $10,582,010Net Assets 2022: $3,466,9392022Assets 2023: $16,875,660Liabilities 2023: $11,316,476Net Assets 2023: $5,559,1842023Assets 2024: $16,804,788Liabilities 2024: $11,541,237Net Assets 2024: $5,263,5512024

Highlighted filing

2017

Assets$11,708,042
Liabilities$10,753,425
Net Assets$954,617

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $1,852,248Expenses 2014: $1,778,172Net Income 2014: $74,0762014Revenue 2015: $2,235,803Expenses 2015: $2,099,896Net Income 2015: $135,9072015Revenue 2016: $3,193,173Expenses 2016: $2,595,078Net Income 2016: $598,0952016Revenue 2017: $3,674,723Expenses 2017: $3,528,182Net Income 2017: $146,5412017Revenue 2018: $4,575,128Expenses 2018: $4,582,963Net Income 2018: -$7,8352018Revenue 2019: $4,312,919Expenses 2019: $4,238,828Net Income 2019: $74,0912019Revenue 2020: $4,879,853Expenses 2020: $4,755,488Net Income 2020: $124,3652020Revenue 2021: $5,867,401Expenses 2021: $4,739,700Net Income 2021: $1,127,7012021Revenue 2022: $5,999,905Expenses 2022: $5,611,138Net Income 2022: $388,7672022Revenue 2023: $8,326,810Expenses 2023: $6,234,565Net Income 2023: $2,092,2452023Revenue 2024: $6,177,466Expenses 2024: $6,098,798Net Income 2024: $78,6682024

Highlighted filing

2017

Revenue$3,674,723
Expenses$3,528,182
Net Income$146,541
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 25, 2018
Return Version
2016v3.0
Gross Receipts
$3,674,723
Mission and Program Overview

Mission

Kepler neighborhood school exits to inspire k-8 students to find passion and joy in learning and to become ethical, caring, effective, innovative members of their community and informed world citizens who develop and leverage their strengths to achieve educational, personal, civic, and career goals.

To inspire k-8 students to find passion and joy in learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,572$10,254,749▲ $10,245,177
Cash and Non-Interest-Bearing Accounts$782,816$1,211,677▲ $428,861
Accounts Receivable$239,087$206,049▼ $33,038
Prepaid Expenses and Deferred Charges$356$35,567▲ $35,211
Total Assets$1,098,666$11,708,042▲ $10,609,376
Other Assets Total$66,835$0▼ $66,835
Liabilities
Mortgage Notes Payable Secured by Investment Property$125,000$10,230,000▲ $10,105,000
Accounts Payable and Accrued Expenses$150,763$523,425▲ $372,662
Deferred Revenue$14,827--
Total Liabilities$290,590$10,753,425▲ $10,462,835
Net Assets / Fund Balance
Unrestricted Net Assets$808,076$954,617▲ $146,541
Total Net Assets Fund Balance$808,076$954,617▲ $146,541
Total Liabilities and Net Assets / Fund Balance$1,098,666$11,708,042▲ $10,609,376

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,649,658$68,818$9,718,476
Land$590,000-$590,000
Leasehold Improvements$4,982$17,609$22,591
Equipment$10,109$2,527$12,636
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dr Christine MontanezPresident, CEOFT$93,500$93,500
Shiela SkibbieCFOFT$70,047$70,047

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$3,674,723
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$77,270
Change in Net Assets
$146,541

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,674,723
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,674,723
Total Revenue per Form 990
$3,674,723
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,914,761
Other Expenses$1,613,421
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,343,778$50,089-$1,393,867
Other Employee Benefits$343,070$14,277-$357,347
Current Officers, Directors, Trustees, and Key Employees$163,547--$163,547
Interest-$97,844-$97,844
Depreciation Depletion-$75,935-$75,935
Other Expenses$46,419$32,080-$46,419
All Other Expenses$27,290$5,863-$33,153
Travel$4,885--$4,885
Total Functional Expenses$2,801,778$726,404$0$3,528,182

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,528,182
Total Expenses per Audited Statements$3,528,182
Total Expenses per Form 990$3,528,182
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
No
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
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, Section B, Line 11B

Form 990 is reviewed by the signing officer before filing.

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

Board members fill out form 700, statement of economic interest.

Form 990, Part VI, Section B, Line 15

The organization conducts an annual review of compensation using qualitative and quantitative data methods.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Kepler Education Inc
EIN
46-1925070
Phone
5594950849
Address
1462 BROADWAY ST, FRESNO, CA 93721

Signing Officer

Name
Timothy Yeager
Title
Board Chair
Phone
5594950849
Signed
2018-01-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy Yeager
Formed
2012
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
62
Volunteers
10

Preparer

Firm
Squar Milner Llp
Address
3655 NOBEL DRIVE SUITE 450, SAN DIEGO, CA 92122
Preparer
James a Rotherham CPA
Phone
8585974100
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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/LandGrp/BookValueAmt0590000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0590000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04982
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt017609
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt022591
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03674723
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010254749
IRS990ScheduleD/TotalExpensesPerForm990Amt03528182
IRS990ScheduleD/TotalRevenuePerForm990Amt03674723
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03674723
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03528182
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NONDISCRIMINATORY POLICY INCLUDED IN ALL ADVERTISEMENTS, ENROLLMENT MATERIALS AND CHARTER BY-LAWS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE SIGNING OFFICER BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS FILL OUT FORM 700, STATEMENT OF ECONOMIC INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION CONDUCTS AN ANNUAL REVIEW OF COMPENSATION USING QUALITATIVE AND QUANTITATIVE DATA METHODS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0KEPLER EDUCATION INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0JOHANNES LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0320502946
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt010168208
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0CHARTER SCHOOL REAL ESTATE HOLDING
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt097844
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt01462 BROADWAY ST
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0FRESNO
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd093721
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt097844
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0JOHANNESS PROPERTY CORPORATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0K
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01098666
IRS990/TotalAssetsEOYAmt011708042
IRS990/TotalAssetsGrp/BOYAmt01098666
IRS990/TotalAssetsGrp/EOYAmt011708042
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03674723
IRS990/TotalEmployeeCnt062
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0726404
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02801778
IRS990/TotalFunctionalExpensesGrp/TotalAmt03528182
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0290590
IRS990/TotalLiabilitiesEOYAmt010753425
IRS990/TotalLiabilitiesGrp/BOYAmt0290590
IRS990/TotalLiabilitiesGrp/EOYAmt010753425
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0808076
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0954617
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02801778
IRS990/TotalReportableCompFromOrgAmt0163547
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03674723
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01098666
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011708042
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt04885
IRS990/TravelGrp/TotalAmt04885
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0808076
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0954617
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01462 BROADWAY ST
IRS990/USAddress/CityNm0FRESNO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd093721
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.KEPLERSCHOOL.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TIMOTHY YEAGER

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