Civic Intelligence

Kepler Education Inc DBA Kepler Neighborhood Schools

990 • Fiscal year 2024 • EIN 46-1925070

Jul 01, 2023 to Jun 30, 2024 • Filed on May 13, 2025

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

84th percentile

0.69x

Higher debt load relative to assets than 84% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

88th percentile

1.87x

Higher debt load relative to revenue than 88% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

41st percentile

1.3%

Higher net margin than 41% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

54th percentile

$197,554

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

30th percentile

-0.4%

Faster asset growth than 30% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

10th percentile

-26%

Faster revenue growth than 10% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$16,804,788

Down $70,872 (-0.4%) from 2023

Net Assets

Down

$5,263,551

Down $295,633 (-5.3%) from 2023

Liabilities

Up

$11,541,237

Up $224,761 (+2.0%) from 2023

Revenue

Down

$6,177,466

Down $2,149,344 (-26%) from 2023

Expenses

Down

$6,098,798

Down $135,767 (-2.2%) from 2023

Net Income

Down

$78,668

Down $2,013,577 (-96%) from 2023

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

2024

Assets$16,804,788
Liabilities$11,541,237
Net Assets$5,263,551

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

2024

Revenue$6,177,466
Expenses$6,098,798
Net Income$78,668
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$6,177,466
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.

Operation of a public charter school in fresno county serving students in grades tk to 8.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,803,199$8,606,729▼ $196,470
Cash and Non-Interest-Bearing Accounts$5,467,919$6,209,709▲ $741,790
Savings and Temporary Cash Investments$1,465,525$1,213,379▼ $252,146
Accounts Receivable$711,614$399,490▼ $312,124
Prepaid Expenses and Deferred Charges$309,942$283,849▼ $26,093
Total Assets$16,875,660$16,804,788▼ $70,872
Other Assets Total$117,461$91,632▼ $25,829
Liabilities
Tax Exempt Bond Liabilities$9,540,000$9,340,000▼ $200,000
Deferred Revenue$1,745,509$1,716,999▼ $28,510
Accounts Payable and Accrued Expenses$287,807$392,606▲ $104,799
Other Liabilities$117,461$91,632▼ $25,829
Total Liabilities$11,690,777$11,541,237▼ $149,540
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,126,713$5,263,551▲ $136,838
Net Assets With Donor Restrictions$58,170$0▼ $58,170
Total Net Assets Fund Balance$5,184,883$5,263,551▲ $78,668
Total Liabilities and Net Assets / Fund Balance$16,875,660$16,804,788▼ $70,872

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,847,710$1,791,997$9,639,707
Land$590,000-$590,000
Equipment$154,251$37,413$191,664
Leasehold Improvements$14,768$104,606$119,374
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rickie DhillonCBO/CEOFT$147,353$50,201$197,554

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Fresno Economic Opportunities CommissionFood Services1920 MARIPOSA ST STE 330, Fresno, CA 93721$225,160
Anstrom Technology GroupDesign/construction2735 E SUMNER AVE, Fresno, CA 93725$121,529
Delta Managed SolutionsBusiness Services1451 RIVER PARK DR 180, Sacramento, CA 95815$117,204
Revenue and Support

Revenue Composition

Contributions and Grants
$6,120,331
Program Service Revenue
$35,011
Investment Income
$4,857
Other Revenue
$17,267
All Other Contributions
$42,000
Change in Net Assets
$78,668

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,177,466
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,177,466
Total Revenue per Form 990
$6,177,466
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,787,676
Other Expenses$2,311,122
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,370,054$427,283-$2,797,337
Interest-$549,019-$549,019
Fees for Services Other$28,815$392,189-$421,004
Pension Plan Contributions$288,085$56,293-$344,378
Other Employee Benefits$308,321$19,789-$328,110
Depreciation Depletion$247,173$16,681-$263,854
Occupancy-$248,631-$248,631
Fees for Services Accounting-$187,910-$187,910
Current Officers, Directors, Trustees, and Key Employees$169,000--$169,000
Payroll Taxes$127,410$21,441-$148,851
Insurance-$38,690-$38,690
Advertising-$38,487-$38,487
Office Expenses-$36,400-$36,400
Other Expenses$35,687$28,913-$35,687
Fees for Services Legal-$25,361-$25,361
Information Technology-$10,476-$10,476
Travel-$10,221-$10,221
Total Functional Expenses$3,991,014$2,107,784$0$6,098,798

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,098,798
Total Expenses per Audited Statements$6,098,798
Total Expenses per Form 990$6,098,798
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
Fundraising Gross Income$1,900
Fundraising Direct Expenses$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$91,632

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACalifornia School Finance Authority2017-04-18$9,840,000K-12 SCHOOL FACILITY

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$9,840,000-$500,000$374,170

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
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 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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

A draft of the form 990 is reviewed by the chief business official and business services provider, dms, before filing. The final tax returns are provided to the board after submission.

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

Management and members of the board must annually complete the ca form 700 statement of economic interest.

Form 990, Part VI, Section B, Line 15

Management compensation is reviewed and approved by the board at a public meeting and documented in a written employment agreement.

Form 990, Part VI, Section C, Line 19

Public documents are available 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
Rickie Dhillon
Title
CEO
Phone
5594950849
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rickie Dhillon
Formed
2012
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
108
Volunteers
20

Preparer

Firm
Christy White Associates
Address
348 OLIVE STREET, SAN DIEGO, CA 92103
Preparer
Marcy Kearney
Phone
6192708222
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Management believes all of its significant tax positions would be upheld under examination; therefore, no provision for income tax has been recorded.

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IRS990/OtherSalariesAndWagesGrp/TotalAmt02797337
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
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IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0154251
IRS990ScheduleD/EquipmentGrp/DepreciationAmt037413
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IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt014768
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0104606
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0119374
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt091632
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITY
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06177466
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT BELIEVES ALL OF ITS SIGNIFICANT TAX POSITIONS WOULD BE UPHELD UNDER EXAMINATION; THEREFORE, NO PROVISION FOR INCOME TAX HAS BEEN RECORDED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt06098798
IRS990ScheduleD/TotalLiabilityAmt091632
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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 POLICY IS AVAILABLE ON THE SCHOOL'S WEBSITE AS WELL AS WITHIN THE SCHOOL'S CHARTER PETITION.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS A TUITION-FREE PUBLIC CHARTER SCHOOL; THEREFORE, SCHOLARSHIPS AND FINANCIAL ASSISTANCE ARE NOT APPLICABLE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2AS A PUBLIC CHARTER SCHOOL, THE ORGANIZATION RECEIVES GOVERNMENTAL FUNDING FROM THE U.S. AND CALIFORNIA DEPARTMENTS OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RICKIE DHILLON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CBO/CEO
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02017-04-18
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0680280917
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum013058TEZ9
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt09840000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0CALIFORNIA SCHOOL FINANCE AUTHORITY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0K-12 SCHOOL FACILITY
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd01
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01

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