Civic Intelligence

Vibes Public Charter School

990 • Fiscal year 2016 • EIN 46-2909692

Jul 01, 2015 to Jun 30, 2016 • Filed on Dec 28, 2016

821 North RiversideMedford, OR 97501

(541) 774-3900

Siviq Scores

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

Liabilities / Assets

99th percentile

3.23x

Higher debt load relative to assets than 99% of similar nonprofits.

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

Liabilities / Revenue

66th percentile

0.24x

Higher debt load relative to revenue than 66% of similar nonprofits.

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

Net Margin

42nd percentile

0.1%

Higher net margin than 42% of similar nonprofits.

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

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

99th percentile

373%

Faster asset growth than 99% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

87th percentile

41%

Faster revenue growth than 87% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Flat

$172,702

Flat from 2016

Net Assets

Flat

-$384,666

Flat from 2016

Liabilities

Flat

$557,368

Flat from 2016

Revenue

Flat

$2,289,040

Flat from 2016

Expenses

Flat

$2,286,545

Flat from 2016

Net Income

Flat

$2,495

Flat from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2014: $13,151Liabilities 2014: $197,641Net Assets 2014: -$184,4902014Assets 2015: $36,506Liabilities 2015: $423,667Net Assets 2015: -$387,1612015Assets 2016: $172,702Liabilities 2016: $557,368Net Assets 2016: -$384,6662016Assets 2016: $172,702Liabilities 2016: $557,368Net Assets 2016: -$384,6662016Assets 2017: $18,892Liabilities 2017: $410,613Net Assets 2017: -$391,7212017Assets 2018: $11,828Liabilities 2018: $357,101Net Assets 2018: -$345,2732018Assets 2019: $107,294Liabilities 2019: $287,490Net Assets 2019: -$180,1962019Assets 2020: $315,331Liabilities 2020: $296,599Net Assets 2020: $18,7322020Assets 2021: $502,333Liabilities 2021: $480,902Net Assets 2021: $21,4312021Assets 2022: $3,244,878Liabilities 2022: $3,223,215Net Assets 2022: $21,6632022Assets 2023: $3,263,968Liabilities 2023: $3,069,185Net Assets 2023: $194,7832023

Highlighted filing

2016

Assets$172,702
Liabilities$557,368
Net Assets-$384,666

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $900,170Expenses 2014: $1,084,660Net Income 2014: -$184,4902014Revenue 2015: $1,620,378Expenses 2015: $1,823,049Net Income 2015: -$202,6712015Revenue 2016: $2,289,040Expenses 2016: $2,286,545Net Income 2016: $2,4952016Revenue 2016: $2,289,040Expenses 2016: $2,286,545Net Income 2016: $2,4952016Revenue 2017: $2,445,885Expenses 2017: $2,452,940Net Income 2017: -$7,0552017Revenue 2018: $2,993,705Expenses 2018: $2,947,257Net Income 2018: $46,4482018Revenue 2019: $3,656,087Expenses 2019: $3,491,010Net Income 2019: $165,0772019Revenue 2020: $4,229,158Expenses 2020: $4,030,230Net Income 2020: $198,9282020Revenue 2021: $4,927,247Expenses 2021: $4,924,548Net Income 2021: $2,6992021Revenue 2022: $5,495,456Expenses 2022: $5,495,224Net Income 2022: $2322022Revenue 2023: $7,450,638Expenses 2023: $7,277,518Net Income 2023: $173,1202023

Highlighted filing

2016

Revenue$2,289,040
Expenses$2,286,545
Net Income$2,495
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Dec 28, 2016
Return Version
2015v3.0
Gross Receipts
$2,289,040
Mission and Program Overview

Mission

The mission of vibes public charter school is to provide a high quality education in a positive learning environment that embraces diversity, builds on the strengths of its students and works to accelerate the learning of students who have traditionally come to school two to three years behind in vocabulary and literacy skills.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$35,166$171,362▲ $136,196
Prepaid Expenses and Deferred Charges$1,340$1,340→ $0
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$36,506$172,702▲ $136,196
Other Assets Total-$0-
Liabilities
Other Liabilities$422,010$553,840▲ $131,830
Accounts Payable and Accrued Expenses$1,657$3,528▲ $1,871
Total Liabilities$423,667$557,368▲ $133,701
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,408--
Unrestricted Net Assets$-388,569$-384,666▲ $3,903
Total Net Assets Fund Balance$-387,161$-384,666▲ $2,495
Total Liabilities and Net Assets / Fund Balance$36,506$172,702▲ $136,196
Compensation and Service Providers

Board Members and Trustees

NameTitle
Pedro CabreraChairman
Linda EvansVice Chair
Carol FischerDirector
Carolyn HayesDirector
Martha IbarraDirector
Sister Mary Pat NaumesDirector
Jeri OlsonSecretary
Frank PhillipsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$276,895
Program Service Revenue
$2,000,941
Investment Income
$0
Other Revenue
$11,204
All Other Contributions
$1,336
Change in Net Assets
$2,495

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,289,040
Total Revenue per Audited Statements
$2,289,040
Total Revenue per Form 990
$2,289,040
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,286,545
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$191,371$22,451-$213,822
All Other Expenses$58,456$84,770-$143,226
Other Expenses$42,500$44,606-$87,106
Insurance$32,101$3,766-$35,867
Fees for Services Accounting$4,050$2,110-$6,160
Payment Travel Entrtnmnt Publicly Ofcl$1,269$3,752-$5,021
Advertising-$323-$323
Total Functional Expenses$1,973,450$313,095$0$2,286,545

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,286,545
Total Expenses per Audited Statements$2,286,545
Total Expenses per Form 990$2,286,545
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Kids Unlimited$553,840
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

Vibes Public Charter School contracts with Kids Unlimited (another not-for-profit organization) to provide contract employees which would include administrative personnel who makes management decisions.

Form 990, Part VI, Line 11B: Form 990 Review Process

The 990 is reviewed by a outside cpa, bookkeeper, administrative staff, and then the board of directors. After the review process the 990 is than approved by the board for filing.

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

The school board reviews and approves all the wages paid to its contracted staff. The amounts paid are based on other school wages in the surrounding area.

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

All governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Vibes Public Charter School
EIN
46-2909692
Phone
5417743900
Address
821 NORTH RIVERSIDE, MEDFORD, OR 97501

Signing Officer

Name
Pedro Cabrera
Title
Chairman
Signed
2016-12-28
Discuss with paid preparer
Yes

Organization Details

Formed
2013
Legal Domicile
Or
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Richard W Brewster CPA PC
Address
670 Superior Ct 106, Medford, OR 97504
Preparer
Richard W Brewster CPA
Phone
5417731885
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The School is a not-for-profit organization that is exempt from income taxes under Section 501 (a) as described under Section 501 (c) (3) of the Internal Revenue Code and comparable state law as a charitable organization, whereby, only unrelated business income as defined by Section 512 of the Code is subject to federal income tax. The School currently has no unrelated business income. Accordingly, no provision for income taxes has been recorded. The School has adopted the provisions of the FASB standard on Accounting for Uncertainty in Income Taxes (ASC 740-10-25). The School does not believe there are any material uncertain tax positions and, accordingly, it will not recognize any liability for unrecognized tax benefits. For the fiscal year ended June 30, 2016, no interest or penalties were recorded or included in its financial statements.

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IRS990/OtherLiabilitiesGrp/BOYAmt0422010
IRS990/OtherLiabilitiesGrp/EOYAmt0553840
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt011204
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt011204
IRS990/OtherRevenueTotalAmt011204
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
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IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01340
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01340
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0GOVERNMENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02000941
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02000941
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01614204
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt03752
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt01269
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt05021
IRS990/PYOtherExpensesAmt01823049
IRS990/PYOtherRevenueAmt06174
IRS990/PYRevenuesLessExpensesAmt0-202671
IRS990/PYTotalExpensesAmt01823049
IRS990/PYTotalRevenueAmt01620378
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt02495
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt02286545
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0553840
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0KIDS UNLIMITED
IRS990ScheduleD/RevenueSubtotalAmt02289040
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The School is a not-for-profit organization that is exempt from income taxes under Section 501 (a) as described under Section 501 (c) (3) of the Internal Revenue Code and comparable state law as a charitable organization, whereby, only unrelated business income as defined by Section 512 of the Code is subject to federal income tax. The School currently has no unrelated business income. Accordingly, no provision for income taxes has been recorded. The School has adopted the provisions of the FASB standard on Accounting for Uncertainty in Income Taxes (ASC 740-10-25). The School does not believe there are any material uncertain tax positions and, accordingly, it will not recognize any liability for unrecognized tax benefits. For the fiscal year ended June 30, 2016, no interest or penalties were recorded or included in its financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalExpensesPerForm990Amt02286545
IRS990ScheduleD/TotalLiabilityAmt0553840
IRS990ScheduleD/TotalRevenuePerForm990Amt02289040
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02289040
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02286545
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The nondiscrimination policy is posted in the charter contract, which is a public document. A poster with the non-discrimination policy is also posted prominently in the school building, in both the cafeteria and by the main office, where participants and potential participants can view.
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
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Vibes Public Charter School contracts with Kids Unlimited (another not-for-profit organization) to provide contract employees which would include administrative personnel who makes management decisions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED BY A OUTSIDE CPA, BOOKKEEPER, ADMINISTRATIVE STAFF, AND THEN THE BOARD OF DIRECTORS. AFTER THE REVIEW PROCESS THE 990 IS THAN APPROVED BY THE BOARD FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL BOARD REVIEWS AND APPROVES ALL THE WAGES PAID TO ITS CONTRACTED STAFF. THE AMOUNTS PAID ARE BASED ON OTHER SCHOOL WAGES IN THE SURROUNDING AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All governing documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OR
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01408
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt036506
IRS990/TotalAssetsEOYAmt0172702
IRS990/TotalAssetsGrp/BOYAmt036506
IRS990/TotalAssetsGrp/EOYAmt0172702
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0276895
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0313095
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01973450
IRS990/TotalFunctionalExpensesGrp/TotalAmt02286545
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0423667
IRS990/TotalLiabilitiesEOYAmt0557368
IRS990/TotalLiabilitiesGrp/BOYAmt0423667
IRS990/TotalLiabilitiesGrp/EOYAmt0557368
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-387161
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-384666
IRS990/TotalProgramServiceExpensesAmt01973450
IRS990/TotalProgramServiceRevenueAmt02000941
IRS990/TotalRevenueGrp/ExclusionAmt011204
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02000941
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02289040
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt036506
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0172702
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-388569
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-384666
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0kuoregon.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PEDRO CABRERA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-12-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VIBES PUBLIC CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0VIBE
ReturnHeader/Filer/EIN0462909692

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