Civic Intelligence

Ki Education Foundation

990 • Fiscal year 2022 • EIN 46-2295875

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 07, 2023

Organization Profilewww.kicharter.org
120 Bert Brown StreetSan Marcos, TX 78666

(512) 396-8500

Siviq Scores

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

Liabilities / Assets

51st percentile

0.13x

Higher debt load relative to assets than 51% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

41st percentile

0.11x

Higher debt load relative to revenue than 41% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

49th percentile

6.4%

Higher net margin than 49% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

64th percentile

$155,548

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

71st percentile

12%

Faster asset growth than 71% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

63rd percentile

13%

Faster revenue growth than 63% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets51st percentile

Assets

Up

$5,317,599

Up $549,601 (+12%) from 2021

Net Assets

Up

$4,612,830

Up $420,846 (+10%) from 2021

Liabilities

Up

$704,769

Up $128,755 (+22%) from 2021

Revenue And Expenses
Liabilities / Revenue41st percentileNet Margin49th percentile

Revenue

Up

$6,578,842

Up $773,334 (+13%) from 2021

Expenses

Up

$6,157,996

Up $153,265 (+2.6%) from 2021

Net Income

Up

$420,846

Up $620,069 (+311%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth71st percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $2,838,567Liabilities 2010: $359,500Net Assets 2010: $2,479,0672010Assets 2015: $35,387Liabilities 2015: $53,1432015Assets 2016: $1,017,477Liabilities 2016: $331,285Net Assets 2016: $686,1922016Assets 2017: $2,066,455Liabilities 2017: $342,121Net Assets 2017: $1,724,3342017Assets 2018: $2,838,567Liabilities 2018: $359,500Net Assets 2018: $2,479,0672018Assets 2019: $3,810,536Liabilities 2019: $376,777Net Assets 2019: $3,433,7592019Assets 2020: $4,811,837Liabilities 2020: $420,630Net Assets 2020: $4,391,2072020Assets 2021: $4,767,998Liabilities 2021: $576,014Net Assets 2021: $4,191,9842021Assets 2022: $5,317,599Liabilities 2022: $704,769Net Assets 2022: $4,612,8302022Assets 2023: $6,718,839Liabilities 2023: $897,234Net Assets 2023: $5,821,6052023Assets 2024: $7,257,123Liabilities 2024: $959,326Net Assets 2024: $6,297,7972024Assets 2025: $7,288,362Liabilities 2025: $1,126,652Net Assets 2025: $6,161,7102025

Highlighted filing

2022

Assets$5,317,599
Liabilities$704,769
Net Assets$4,612,830
Open 2022 Filing

Operations Trend

Revenue Growth63rd percentile

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

$10M$5.0M$0-$5.0MRevenue 2010: $3,901,394Expenses 2010: $3,146,661Net Income 2010: $754,7332010Revenue 2015: $53,538Expenses 2015: $57,688Net Income 2015: -$4,1502015Revenue 2016: $4,046,858Expenses 2016: $3,366,310Net Income 2016: $680,5482016Revenue 2017: $4,148,467Expenses 2017: $3,110,325Net Income 2017: $1,038,1422017Revenue 2018: $3,901,394Expenses 2018: $3,146,661Net Income 2018: $754,7332018Revenue 2019: $4,399,048Expenses 2019: $3,444,356Net Income 2019: $954,6922019Revenue 2020: $4,554,673Expenses 2020: $3,597,225Net Income 2020: $957,4482020Revenue 2021: $5,805,508Expenses 2021: $6,004,731Net Income 2021: -$199,2232021Revenue 2022: $6,578,842Expenses 2022: $6,157,996Net Income 2022: $420,8462022Revenue 2023: $9,375,625Expenses 2023: $8,166,850Net Income 2023: $1,208,7752023Revenue 2024: $9,935,443Expenses 2024: $9,459,251Net Income 2024: $476,1922024Revenue 2025: $9,374,493Expenses 2025: $9,510,580Net Income 2025: -$136,0872025

Highlighted filing

2022

Revenue$6,578,842
Expenses$6,157,996
Net Income$420,846
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 7, 2023
Return Version
2021v4.1
Gross Receipts
$6,578,842
Mission and Program Overview

Mission

Dedicated to fostering student achievement, personal growth, and career readiness.

Education

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,579,777$3,475,295▼ $104,482
Pledges and Grants Receivable$903,251$1,312,361▲ $409,110
Prepaid Expenses and Deferred Charges$40,348$251,385▲ $211,037
Land, Buildings, and Equipment, Net$242,837$250,667▲ $7,830
Accounts Receivable$1,785$27,891▲ $26,106
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$4,767,998$5,317,599▲ $549,601
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$576,014$640,061▲ $64,047
Deferred Revenue-$64,708-
Total Liabilities$576,014$704,769▲ $128,755
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,950,085$4,351,516▲ $401,431
Net Assets Without Donor Restrictions$241,899$261,314▲ $19,415
Total Net Assets Fund Balance$4,191,984$4,612,830▲ $420,846
Total Liabilities and Net Assets / Fund Balance$4,767,998$5,317,599▲ $549,601

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$129,653$149,624$279,277
Leasehold Improvements$121,014$19,277$140,291
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Jerry LagerSuperintendentFT$129,508$26,040$155,548

Board Members and Trustees

NameTitle
Dr Lura DavidsonBoard President
Mack WigleyBoard Member
Rosina ValleBoard Member
Toni SauncyBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$6,554,642
Program Service Revenue
$19,350
Investment Income
$4,850
Other Revenue
$0
Change in Net Assets
$420,846

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,578,842
Total Revenue per Audited Statements
$6,578,842
Total Revenue per Form 990
$6,578,842
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,018,261
Other Expenses$1,139,735
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,028,989$161,641-$4,190,630
Other Employee Benefits$591,228$15,342-$606,570
Current Officers, Directors, Trustees, and Key Employees-$155,548-$155,548
Payroll Taxes$61,535$3,978-$65,513
Travel$45,246$13,373-$58,619
All Other Expenses$48,813$9,365-$58,178
Other Expenses$18,044$22,341-$40,385
Depreciation Depletion$36,474--$36,474
Fees for Services Accounting-$24,310-$24,310
Fees for Services Legal-$17,415-$17,415
Insurance-$11,498-$11,498
Total Functional Expenses$5,588,812$569,184$0$6,157,996

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,157,996
Total Expenses per Audited Statements$6,157,996
Total Expenses per Form 990$6,157,996
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
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
Audit committee
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

“A complete copy of the form 990 is provided to the governing body members for their review. Additionally, management is involved in the review and approval of filings.”

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

“Compliance is monitored/enforced during the Organization's annual Governance Report.”

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

“The compensation for the Superintendant (top management official) is reviewed annually by the Board in Executive Session.”

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

“The Superintendent, with the support of the COO and final approval of the Board, determines the salaries of all employees. Compensation for all employees is reviewed annually.”

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

“Those required by law to be made available to the public are posted on the Organization's website. All others are available upon request.”

Filing and Contact Details

Filer

Filer Name
ki education foundation
EIN
46-2295875
Phone
5123968500
Address
120 Bert Brown Street, San Marcos, TX 78666

Signing Officer

Name
Dr Jerry Lager
Title
Superintendent
Signed
2023-03-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Lura Davidson
Formed
2013
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
100
Volunteers
3

Preparer

Firm
Belt Harris Pechacek Lllp
Address
3210 BINGLE ROAD SUITE 300, HOUSTON, TX 77055
Preparer
Stephanie E Harris
Phone
7132631123
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt019277
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0140291
IRS990ScheduleD/RevenueSubtotalAmt06578842
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0250667
IRS990ScheduleD/TotalExpensesPerForm990Amt06157996
IRS990ScheduleD/TotalRevenuePerForm990Amt06578842
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0false
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0false
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The organization's policy is published on its website.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The items referenced in questions 4b, 4c, and 4d are not applicable to the organization at this time.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2Ki Charter Academy operates as a public charter school in Texas and, as such, receives revenue from the Texas Education Agency and related state and federal agencies as entitlements and/or grants.
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
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0129508
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt026040
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Dr Jerry Lager
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Superintendent
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0155548
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A complete copy of the form 990 is provided to the governing body members for their review. Additionally, management is involved in the review and approval of filings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Compliance is monitored/enforced during the Organization's annual Governance Report.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The compensation for the Superintendant (top management official) is reviewed annually by the Board in Executive Session.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Superintendent, with the support of the COO and final approval of the Board, determines the salaries of all employees. Compensation for all employees is reviewed annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Those required by law to be made available to the public are posted on the Organization's website. All others are available upon request.
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
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalLiabilitiesGrp/EOYAmt0704769
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04612830
IRS990/TotalOtherCompensationAmt026040
IRS990/TotalProgramServiceExpensesAmt05588812
IRS990/TotalProgramServiceRevenueAmt019350
IRS990/TotalReportableCompFromOrgAmt0129508
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt024200
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06578842
IRS990/TotalVolunteersCnt03
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05317599
IRS990/TravelGrp/ManagementAndGeneralAmt013373
IRS990/TravelGrp/ProgramServicesAmt045246
IRS990/TravelGrp/TotalAmt058619
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0120 Bert Brown Street
IRS990/USAddress/CityNm0San Marcos
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078666
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.kicharter.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Dr Jerry Lager
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Superintendent

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,317,599
Liabilities
$704,769
Net assets
$4,612,830
Revenue
$6,578,842
Expenses
$6,157,996
Net income
$420,846
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.29$1.13$6.16$9.37$9.51$0.14
2024Detailed filing. Detailed filing data is available for this year.$7.26$0.96$6.30$9.94$9.46$0.48
2023Detailed filing. Detailed filing data is available for this year.$6.72$0.90$5.82$9.38$8.17$1.21
2022Detailed filing. Detailed filing data is available for this year.$5.32$0.70$4.61$6.58$6.16$0.42
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.77$0.58$4.19$5.81$6.00$0.20
2020Detailed filing. Detailed filing data is available for this year.$4.81$0.42$4.39$4.55$3.60$0.96
2019Summary only. Only limited summary data is available for this year.$3.81$0.38$3.43$4.40$3.44$0.95
2018Summary only. Only limited summary data is available for this year.$2.84$0.36$2.48$3.90$3.15$0.75
2017Summary only. Only limited summary data is available for this year.$2.07$0.34$1.72$4.15$3.11$1.04
2016Summary only. Only limited summary data is available for this year.$1.02$0.33$0.69$4.05$3.37$0.68
2015Summary only. Only limited summary data is available for this year.$0.04$0.05$0.05$0.06$0.00
2010Summary only. Only limited summary data is available for this year.$2.84$0.36$2.48$3.90$3.15$0.75