Civic Intelligence

Resolute Academy Inc

990 • Fiscal year 2016 • EIN 46-2879784

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 10, 2017

Organization ProfileWWW.RESOLUTEACADEMY.ORG
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

85th percentile

0.68x

Higher debt load relative to assets than 85% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

61st percentile

0.19x

Higher debt load relative to revenue than 61% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

60th percentile

5.6%

Higher net margin than 60% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Balance Sheet
Liabilities / Assets85th percentile

Assets

$438,298

No earlier filing loaded for comparison.

Net Assets

$140,092

No earlier filing loaded for comparison.

Liabilities

$298,206

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin60th percentile

Revenue

$1,548,503

No earlier filing loaded for comparison.

Expenses

$1,461,118

No earlier filing loaded for comparison.

Net Income

$87,385

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

2016

Assets$438,298
Liabilities$298,206
Net Assets$140,092
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2016

Revenue$1,548,503
Expenses$1,461,118
Net Income$87,385
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 10, 2017
Return Version
2015v3.0
Gross Receipts
$1,548,503
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
Accounts Receivable$20,938$327,244▲ $306,306
Savings and Temporary Cash Investments$31,769$48,007▲ $16,238
Land, Buildings, and Equipment, Net$0$37,155▲ $37,155
Prepaid Expenses and Deferred Charges-$25,892-
Total Assets$52,707$438,298▲ $385,591
Liabilities
Unsecured Notes Loans Payable-$200,000-
Accounts Payable and Accrued Expenses-$98,206-
Total Liabilities$0$298,206▲ $298,206
Net Assets / Fund Balance
Unrestricted Net Assets$52,707$140,092▲ $87,385
Total Net Assets Fund Balance$52,707$140,092▲ $87,385
Total Liabilities and Net Assets / Fund Balance$52,707$438,298▲ $385,591

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$37,155$2,176$39,331
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Natasha Barriga-sipersteinExecutive DirectorFT$67,500$7,387$74,887

Board Members and Trustees

NameTitle
Matthew EandiChair
Analee VillalpandoVice Chair
Kedisa JohnsonVice Chair
Abel BarraganMember
Heraldo a Gonzales IiMember
Jason MandellMember
Karen-nicole KnapperMember
Leigh Arino De La RubiaMember
Amy Spade SilvermanSecretary
Kurt GrammTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,540,349
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$8,154
All Other Contributions
$14,674
Change in Net Assets
$87,385

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,548,503
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,548,503
Total Revenue per Form 990
$1,548,503
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$776,211
Salaries, Compensation, and Employee Benefits$684,907
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$463,360$4,312-$467,672
Current Officers, Directors, Trustees, and Key Employees-$95,000-$95,000
Fees for Services Other-$86,874-$86,874
Fees for Services Accounting-$74,225-$74,225
Other Expenses$70,547--$70,547
Payroll Taxes$64,416--$64,416
Occupancy-$59,008-$59,008
All Other Expenses$15,355$42,818-$58,173
Other Employee Benefits$57,819--$57,819
Advertising-$19,620-$19,620
Insurance-$13,080-$13,080
Fees for Services Legal-$12,509-$12,509
Office Expenses-$10,005-$10,005
Travel-$8,891-$8,891
Depreciation Depletion$2,176--$2,176
Total Functional Expenses$1,034,776$426,342$0$1,461,118

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,461,118
Total Expenses per Audited Statements$1,461,118
Total Expenses per Form 990$1,461,118
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
Yes
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 11

“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
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
2017-01-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Natasha Barriga Siperstei
Formed
2013
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
16
Volunteers
0

Preparer

Firm
Vavrinektrineday & Co Llp
Address
10681 FOOTHILL BLVD SUITE 300, RANCHO CUCAMONGA, CA 91730
Preparer
Matthew S Miller
Phone
9094664410
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The charter school has adopted financial accounting standards board (fasb) accounting standards codification (asc) topic 740 that clarifies the accounting for uncertainty in tax positions taken or expected to be taken on a tax return and provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if, based on its merits, the position is more likely than not to be sustained on audit by the taxing authorities. Management believes that all tax positions taken to date are highly certain, and, accordingly, no accounting adjustment has been made to the financial statements.”

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IRS990/Desc0THE ACADEMY IS LOCATED IN LOS ANGELES, CALIFORNIA AT 1265 E 112TH STREET. THE SCHOOL OPENED IN 2015 AND CURRENTLY SERVES APPROXIMATELY 94 STUDENTS IN GRADES FIVE AND SIX. THE CHARTER SCHOOL IS EXPANDING A GRADE EVERY YEAR AND WILL BE SERVING STUDENTS IN GRADES FIVE THROUGH EIGHT BY THE 2017-2018 SCHOOL YEAR. THE CHARTER SCHOOL IS A FREE PUBLIC CHARTER MIDDLE SCHOOL LOCATED IN WATTS FOR PARENTS WHOSE DREAM IT IS TO SEE THEIR CHILD GRADUATE PREPARED TO TACKLE THE RIGORS AND CHALLENGES OF THE MOST SELECTIVE HIGH SCHOOLS AND COLLEGES.
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01461118
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02176
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt039331
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01548503
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CHARTER SCHOOL HAS ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740 THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN AND PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF, BASED ON ITS MERITS, THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT BY THE TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT ALL TAX POSITIONS TAKEN TO DATE ARE HIGHLY CERTAIN, AND, ACCORDINGLY, NO ACCOUNTING ADJUSTMENT HAS BEEN MADE TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt01461118
IRS990ScheduleD/TotalRevenuePerForm990Amt01548503
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01548503
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01461118
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/ExplanationTxt0ENROLLMENT PACKAGES AND WEBSITE
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1A CALIFORNIA PUBLIC CHARTER SCHOOL NO FINANCIAL ASSISTANCE AWARDED
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 11
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/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/EOYAmt0438298
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01540349
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TravelGrp/TotalAmt08891
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt052707
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0140092
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0200000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01265 E 112TH ST
IRS990/USAddress/CityNm0LOS ANGELES
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090059
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.RESOLUTEACADEMY.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0NATASHA BARRIGA SIPERSTEIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03235596284
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-01-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RESOLUTE ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0RESO
ReturnHeader/Filer/EIN0462879784
ReturnHeader/Filer/PhoneNum03235596284
ReturnHeader/Filer/USAddress/AddressLine1Txt01265 E 112TH ST
ReturnHeader/Filer/USAddress/CityNm0LOS ANGELES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090059
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0952648289
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VAVRINEKTRINEDAY & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010681 FOOTHILL BLVD SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RANCHO CUCAMONGA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091730

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$438,298
Liabilities
$298,206
Net assets
$140,092
Revenue
$1,548,503
Expenses
$1,461,118
Net income
$87,385
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.96$0.29$1.67$4.44$4.24$0.20
2021Detailed filing. Detailed filing data is available for this year.$1.73$0.26$1.47$3.58$3.20$0.38
2020Detailed filing. Detailed filing data is available for this year.$1.17$0.09$1.08$3.35$3.05$0.30
2019Detailed filing. Detailed filing data is available for this year.$0.92$0.14$0.78$3.39$3.14$0.25
2018Detailed filing. Detailed filing data is available for this year.$0.74$0.21$0.53$2.93$2.67$0.26
2017Detailed filing. Detailed filing data is available for this year.$0.57$0.30$0.27$1.96$1.83$0.13
2016Detailed filing. Detailed filing data is available for this year.$0.44$0.30$0.14$1.55$1.46$0.09