Civic Intelligence

Resolute Academy Inc

990 • Fiscal year 2021 • EIN 46-2879784

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 10, 2022

1265 E 112th StLos Angeles, CA 90059

(323) 559-6284

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.15x

Higher debt load relative to assets than 62% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

46th percentile

0.07x

Higher debt load relative to revenue than 46% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

47th percentile

11%

Higher net margin than 47% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

84th percentile

$146,608

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

85th percentile

47%

Faster asset growth than 85% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

43rd percentile

6.9%

Faster revenue growth than 43% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,726,234

Up $552,415 (+47%) from 2020

Net Assets

Up

$1,466,645

Up $383,434 (+35%) from 2020

Liabilities

Up

$259,589

Up $168,981 (+186%) from 2020

Revenue

Up

$3,582,611

Up $229,861 (+6.9%) from 2020

Expenses

Up

$3,199,177

Up $148,106 (+4.9%) from 2020

Net Income

Up

$383,434

Up $81,755 (+27%) from 2020

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$0Assets 2016: $438,298Liabilities 2016: $298,206Net Assets 2016: $140,0922016Assets 2017: $570,116Liabilities 2017: $303,168Net Assets 2017: $266,9482017Assets 2018: $741,785Liabilities 2018: $210,311Net Assets 2018: $531,4742018Assets 2019: $921,636Liabilities 2019: $140,104Net Assets 2019: $781,5322019Assets 2020: $1,173,819Liabilities 2020: $90,608Net Assets 2020: $1,083,2112020Assets 2021: $1,726,234Liabilities 2021: $259,589Net Assets 2021: $1,466,6452021Assets 2022: $1,956,376Liabilities 2022: $289,597Net Assets 2022: $1,666,7792022

Highlighted filing

2021

Assets$1,726,234
Liabilities$259,589
Net Assets$1,466,645

Operations Trend

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

$6.0M$4.0M$2.0M$0Revenue 2016: $1,548,503Expenses 2016: $1,461,118Net Income 2016: $87,3852016Revenue 2017: $1,960,784Expenses 2017: $1,833,928Net Income 2017: $126,8562017Revenue 2018: $2,931,065Expenses 2018: $2,666,539Net Income 2018: $264,5262018Revenue 2019: $3,394,372Expenses 2019: $3,144,314Net Income 2019: $250,0582019Revenue 2020: $3,352,750Expenses 2020: $3,051,071Net Income 2020: $301,6792020Revenue 2021: $3,582,611Expenses 2021: $3,199,177Net Income 2021: $383,4342021Revenue 2022: $4,443,476Expenses 2022: $4,243,342Net Income 2022: $200,1342022

Highlighted filing

2021

Revenue$3,582,611
Expenses$3,199,177
Net Income$383,434
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 10, 2022
Return Version
2020v4.2
Gross Receipts
$3,582,611
Mission and Program Overview

Mission

Resolute academy's mission is to equip students in grades five through eight with the academic foundation and strength of character necessary to excel in selective high schools and colleges.

A california public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$607,945$843,696▲ $235,751
Accounts Receivable$481,908$800,889▲ $318,981
Prepaid Expenses and Deferred Charges$48,196$55,656▲ $7,460
Land, Buildings, and Equipment, Net$35,770$25,993▼ $9,777
Total Assets$1,173,819$1,726,234▲ $552,415
Liabilities
Other Liabilities$0$211,110▲ $211,110
Accounts Payable and Accrued Expenses$90,608$48,479▼ $42,129
Total Liabilities$90,608$259,589▲ $168,981
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,083,211$1,466,645▲ $383,434
Total Net Assets Fund Balance$1,083,211$1,466,645▲ $383,434
Total Liabilities and Net Assets / Fund Balance$1,173,819$1,726,234▲ $552,415

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,972$51,281$57,253
Other Land Buildings$20,021$9,388$29,409
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Natasha Barriga-sipersteinExecutive DirectorFT$120,962$25,646$146,608

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Better 4 You MealsStudent Meals5743 SMITHWAY ST 103, Commerce, CA 90040$126,225
DirectedSubstitute Teachers And Sped Services21820 BURBANK BLVD 310B, Woodland Hills, CA 91367$105,714
Revenue and Support

Revenue Composition

Contributions and Grants
$3,582,611
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$178,146
Change in Net Assets
$383,434

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,582,611
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,582,611
Total Revenue per Form 990
$3,582,611
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,133,707
Other Expenses$1,065,470
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,306,909$168,193-$1,475,102
Payroll Taxes$365,093$10,841-$375,934
Occupancy$147,228$21,614-$168,842
Fees for Services Other$29,987$137,727-$167,714
Current Officers, Directors, Trustees, and Key Employees$101,952$43,694-$145,646
Other Employee Benefits$123,895$13,130-$137,025
All Other Expenses$33,931$74,045-$107,976
Other Expenses$54,482$67,528-$54,482
Insurance-$35,999-$35,999
Information Technology-$23,096-$23,096
Fees for Services Legal-$18,415-$18,415
Advertising-$15,304-$15,304
Depreciation Depletion$13,350--$13,350
Fees for Services Accounting-$3,900-$3,900
Office Expenses-$3,174-$3,174
Total Functional Expenses$2,562,517$636,660$0$3,199,177

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,199,177
Total Expenses per Audited Statements$3,199,177
Total Expenses per Form 990$3,199,177
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advance$211,110
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, Section B, Line 11B

Governing board will be provided the return prior to filing.

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

In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given an opportunity to disclose all material facts to the directors and members of committees considering the proposed transaction or arrangement. After disclosure of the financial interest and material facts, and after any discussion with the interested person, he/she shall leave the board of directors meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board members shall decide if a conflict of interest exists.

Form 990, Part VI, Section B, Line 15

The process includes all of these elements: 1) review and approval by the board of directors, 2) use of data as to comparable compensation; and 3) contemporaneous documentation and recordkeeping.

Form 990, Part VI, Section C, Line 19

The required documents are available at the business address during normal business hours.

Filing and Contact Details

Filer

Filer Name
Resolute Academy Inc
EIN
46-2879784
Phone
3235596284
Address
1265 E 112TH ST, LOS ANGELES, CA 90059

Signing Officer

Name
Natasha Barriga Siperstein
Title
Executive Director
Phone
3235596284
Signed
2022-03-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Natasha Barriga Siperstei
Formed
2013
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
42
Volunteers
7

Preparer

Firm
Eide Bailly Llp
Address
10681 FOOTHILL BLVD STE 300, RANCHO CUCAMONGA, CA 91730-3831
Preparer
Catherine L Gray CPA
Phone
9094664410
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Management believes that the organization has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The organization would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.

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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03352750
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0383434
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0607945
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0843696
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt05972
IRS990ScheduleD/EquipmentGrp/DepreciationAmt051281
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt057253
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03199177
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt020021
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09388
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt029409
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0211110
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REFUNDABLE ADVANCE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03582611
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt025993
IRS990ScheduleD/TotalExpensesPerForm990Amt03199177
IRS990ScheduleD/TotalLiabilityAmt0211110
IRS990ScheduleD/TotalRevenuePerForm990Amt03582611
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03582611
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03199177
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 SCHOOL IS A PUBLIC CHARTER SCHOOL AND THEREFORE IS NOT SUBJECT TO THE FORMAL COMPLIANCE WITH REVENUE PROCEDURE 75-50 AS LONG AS THE CHARTER AGREEMENT WITH THE STATE IS IN EFFECT. THE SCHOOL DOES INCLUDE INFORMATION REGARDING ITS NON-DISCRIMINATION PRACTICES IN ITS ENROLLMENT PACKAGES AND WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1AS A PUBLIC CHARTER SCHOOL, THE SCHOOL DOES NOT PROVIDE SCHOLARSHIPS OR FINANCIAL AID.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2CALIFORNIA APPORTIONMENT INCOME BASED ON STUDENT ATTENDANCE
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GOVERNING BOARD WILL BE PROVIDED THE RETURN PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN AN OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OF DIRECTORS MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROCESS INCLUDES ALL OF THESE ELEMENTS: 1) REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS, 2) USE OF DATA AS TO COMPARABLE COMPENSATION; AND 3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE REQUIRED DOCUMENTS ARE AVAILABLE AT THE BUSINESS ADDRESS DURING NORMAL BUSINESS HOURS.
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
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01173819
IRS990/TotalAssetsEOYAmt01726234
IRS990/TotalAssetsGrp/BOYAmt01173819
IRS990/TotalAssetsGrp/EOYAmt01726234
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03582611
IRS990/TotalEmployeeCnt042
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0636660
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02562517
IRS990/TotalFunctionalExpensesGrp/TotalAmt03199177
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt090608
IRS990/TotalLiabilitiesEOYAmt0259589
IRS990/TotalLiabilitiesGrp/BOYAmt090608
IRS990/TotalLiabilitiesGrp/EOYAmt0259589
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01083211
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01466645
IRS990/TotalOtherCompensationAmt025646
IRS990/TotalProgramServiceExpensesAmt02562517
IRS990/TotalReportableCompFromOrgAmt0120962
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03582611
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01173819
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01726234
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01265 E 112TH ST
IRS990/USAddress/CityNm0LOS ANGELES
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090059
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.RESOLUTEACADEMY.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0NATASHA BARRIGA SIPERSTEIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03235596284
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-03-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RESOLUTE ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0RESO

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