Civic Intelligence

Proof School

990 • Fiscal year 2019 • EIN 46-3770194

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 10, 2020

Organization ProfileWWW.PROOFSCHOOL.ORG
973 Mission StreetSan Francisco, CA 94103

(415) 426-5700

Siviq Scores

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

Liabilities / Assets

81st percentile

0.61x

Higher debt load relative to assets than 81% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

80th percentile

0.88x

Higher debt load relative to revenue than 80% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

61st percentile

6.9%

Higher net margin than 61% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

80th percentile

18%

Faster asset growth than 80% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

77th percentile

20%

Faster revenue growth than 77% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$6,992,457

Up $1,049,071 (+18%) from 2018

Net Assets

Up

$2,729,429

Up $206,932 (+8.2%) from 2018

Liabilities

Up

$4,263,028

Up $842,139 (+25%) from 2018

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin61st percentile

Revenue

Up

$4,865,600

Up $802,305 (+20%) from 2018

Expenses

Up

$4,529,479

Up $927,414 (+26%) from 2018

Net Income

Down

$336,121

Down $125,109 (-27%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

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

$15M$10M$5.0M$0Assets 2015: $1,508,229Liabilities 2015: $1,050,931Net Assets 2015: $457,2982015Assets 2016: $1,354,929Liabilities 2016: $935,991Net Assets 2016: $418,9382016Assets 2017: $4,603,635Liabilities 2017: $2,539,191Net Assets 2017: $2,064,4442017Assets 2018: $5,943,386Liabilities 2018: $3,420,889Net Assets 2018: $2,522,4972018Assets 2019: $6,992,457Liabilities 2019: $4,263,028Net Assets 2019: $2,729,4292019Assets 2020: $7,842,960Liabilities 2020: $4,738,950Net Assets 2020: $3,104,0102020Assets 2021: $8,538,948Liabilities 2021: $4,558,270Net Assets 2021: $3,980,6782021Assets 2022: $9,200,704Liabilities 2022: $4,728,396Net Assets 2022: $4,472,3082022Assets 2023: $10,068,626Liabilities 2023: $4,885,422Net Assets 2023: $5,183,2042023Assets 2024: $11,550,096Liabilities 2024: $5,599,195Net Assets 2024: $5,950,9012024

Highlighted filing

2019

Assets$6,992,457
Liabilities$4,263,028
Net Assets$2,729,429
Open 2019 Filing

Operations Trend

Revenue Growth77th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $715,909Expenses 2015: $261,847Net Income 2015: $454,0622015Revenue 2016: $2,137,511Expenses 2016: $2,175,028Net Income 2016: -$37,5172016Revenue 2017: $4,199,954Expenses 2017: $2,636,069Net Income 2017: $1,563,8852017Revenue 2018: $4,063,295Expenses 2018: $3,602,065Net Income 2018: $461,2302018Revenue 2019: $4,865,600Expenses 2019: $4,529,479Net Income 2019: $336,1212019Revenue 2020: $5,307,911Expenses 2020: $4,932,486Net Income 2020: $375,4252020Revenue 2021: $6,171,169Expenses 2021: $5,294,974Net Income 2021: $876,1952021Revenue 2022: $6,376,046Expenses 2022: $5,884,439Net Income 2022: $491,6072022Revenue 2023: $6,530,236Expenses 2023: $5,819,619Net Income 2023: $710,6172023Revenue 2024: $6,704,431Expenses 2024: $5,936,734Net Income 2024: $767,6972024

Highlighted filing

2019

Revenue$4,865,600
Expenses$4,529,479
Net Income$336,121
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 10, 2020
Return Version
2018v3.2
Gross Receipts
$5,048,125
Mission and Program Overview

Mission

Proof school offers a transformative liberal arts education to young people with an active curiosity and a passion for mathematics, equipping them to reason, communicate, and positively impact their world.

Offering a liberal arts education for kids who love math, reasoning and communication.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,415,952$2,342,127▼ $73,825
Accounts Receivable$1,655,220$2,191,878▲ $536,658
Cash and Non-Interest-Bearing Accounts$900,550$1,494,513▲ $593,963
Investments in Publicly Traded Securities$356,873$550,540▲ $193,667
Loans From Officers Directors$200,000$100,000▼ $100,000
Prepaid Expenses and Deferred Charges$31,271$53,399▲ $22,128
Total Assets$5,943,386$6,992,457▲ $1,049,071
Other Assets Total$583,520$360,000▼ $223,520
Liabilities
Deferred Revenue$2,816,638$3,641,135▲ $824,497
Other Liabilities$336,026$480,197▲ $144,171
Accounts Payable and Accrued Expenses$68,225$41,696▼ $26,529
Total Liabilities$3,420,889$4,263,028▲ $842,139
Net Assets / Fund Balance
Unrestricted Net Assets$2,522,497$2,729,429▲ $206,932
Total Net Assets Fund Balance$2,522,497$2,729,429▲ $206,932
Total Liabilities and Net Assets / Fund Balance$5,943,386$6,992,457▲ $1,049,071

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,326,004$258,445$2,584,449
Equipment$16,123$8,062$24,185
Other Assets Org$360,000--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Samuel K VanderveldeHead of SchoolFT$179,957$29,895$209,852
Zachary SifuentesDean of HumanitiesFT$174,752$24,400$199,152
Kathy LinDirector of AdmissionsFT$161,794$5,478$167,272

Board Members and Trustees

NameTitle
Paul ZeitzBoard Chair
Alon AmitBoard Member
Ana BrubakerBoard Member
Diviya MagaroBoard Member
James SotirosBoard Member
Lisa ParkBoard Member
Perry TamBoard Member
Ravi VakilBoard Member
Dennis LearyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$914,708
Program Service Revenue
$3,941,336
Investment Income
$9,556
Other Revenue
$0
All Other Contributions
$914,708
Change in Net Assets
$336,121

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded8$182,525Fair Market Value
Total Noncash Contributions8$182,525-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,865,600
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-976,837
Total Revenue per Audited Statements
$3,888,763
Total Revenue per Form 990
$4,865,600
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,984,434
Other Expenses$1,566,622
Grants and Similar Amounts Paid$978,423
Total Fundraising Expense$4,030
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,019,838$92,137-$1,111,975
Occupancy$791,404$191,772-$983,176
Grants to Domestic Individuals$978,423--$978,423
Current Officers, Directors, Trustees, and Key Employees$576,276--$576,276
Depreciation Depletion$207,875$58,631-$266,506
Other Employee Benefits$119,849$28,452-$148,301
Payroll Taxes$116,322$7,724-$124,046
Information Technology$11,291$26,710-$38,001
Insurance$12,380$20,958-$33,338
Pension Plan Contributions$22,311$1,525-$23,836
Fees for Services Accounting$1,507$21,105-$22,612
Office Expenses$10,909$7,707-$18,616
Other Expenses$21,971$6,158$2,822$2,822
Conferences and Meetings$2,367$62-$2,429
Fees for Services Legal-$1,572-$1,572
Advertising--$830$830
Total Functional Expenses$4,060,330$465,119$4,030$4,529,479

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,529,479
Expenses per Audited Statements$3,551,056
Total Expenses per Audited Statements$3,551,056
Expenses Not Reported on Financial Statements$978,423
Other Expense Adjustments$978,423
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$200,000$100,000▼ $100,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$480,197
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 11B

“The school will electronically distribute the completed form 990, including any supplemental schedules, to each member of the board of directors (named in part vii section a) before filing. The board will then approve the form 990 via a formal vote.”

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

“All employees of proof school sign an agreement to observe the conflict of interest policy stated in our employee handbook. Determination and review of conflicts of interest are made by the school leadership team, overseen by the head of school. Such determinations are made initially at the time of hire, and subsequently monitored through an annual review of handbook policies each august, requests for personal time during the year, and informal conversations. No conflicts of interest have been identified to date.”

Form 990, Part VI, Section B, Line 15

“Non-compensated board members approves the head of school salary, who in turn sets and publishes internally a compensation scale and promotion policy for all employees. Amounts are based on salaries at comparison schools in our region.”

Form 990, Part VI, Section C, Line 19

“Documents may be requested by contacting the head of school, who makes decisions regarding their distribution on a case-by-case basis.”

Filing and Contact Details

Filer

Filer Name
Proof School
EIN
46-3770194
Phone
4154265700
Address
973 MISSION STREET, SAN FRANCISCO, CA 94103

Signing Officer

Name
Samuel Vandervelde
Title
Head of School
Phone
4154265700
Signed
2020-07-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Samuel Vandervelde
Formed
2013
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
8
Employees
21
Volunteers
9

Preparer

Firm
Hood & Strong Llp
Address
275 BATTERY ST STE 900, SAN FRANCISCO, CA 94111
Preparer
Jacob Yau
Phone
4157810793
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The school is a tax-exempt organization under internal revenue code section 501(c)(3) and the california tax code. The school follows the guidance of the financial accounting standards board (fasb) accounting standards codification (asc) topic 740 for accounting for uncertainty in income taxes. Management evaluated the school's tax positions and concluded that the school had maintained its tax-exempt status and had taken no uncertain tax positions that required adjustment to the financial statements. Therefore, no provision or liability for income taxes has been included in the financial statements.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Financial aid awards netted against revenue -978,423.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Financial aid awards netted against revenue 978,423.”

Raw XML AppendixShowing 400 of 578 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0PROOF SCHOOL DELIVERED A COMPREHENSIVE MIDDLE OR HIGH SCHOOL CURRICULUM TO A TOTAL OF 97 STUDENTS DURING THE 2018-19 ACADEMIC YEAR. SCHOOL WAS IN SESSION FOR 172 DAYS; THE SCHOOL ALSO HELD TWO SYMPOSIUMS, TWO INFO SESSIONS, TWO MATH FESTIVALS, AND GRADUATED 10 STUDENTS. GOALS FOR THE SCHOOL ARE TO CONTINUE TO PROVIDE A WORLD CLASS EDUCATION TO STUDENTS IN THE BAY AREA WHO LOVE MATH.
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IRS990/Form990PartVIISectionAGrp/TitleTxt9HEAD OF SCHOOL
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt02415952
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02342127
IRS990/LandBldgEquipCostOrOtherBssAmt02608634
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0182525
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt0200000
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt0100000
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROOF SCHOOL OFFERS A TRANSFORMATIVE LIBERAL ARTS EDUCATION TO YOUNG PEOPLE WITH AN ACTIVE CURIOSITY AND A PASSION FOR MATHEMATICS, EQUIPPING THEM TO REASON, COMMUNICATE, AND POSITIVELY IMPACT THEIR WORLD.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02522497
IRS990/NetAssetsOrFundBalancesEOYAmt02729429
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01586
IRS990/NoncashContributionsAmt0182525
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0191772
IRS990/OccupancyGrp/ProgramServicesAmt0791404
IRS990/OccupancyGrp/TotalAmt0983176
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07707
IRS990/OfficeExpensesGrp/ProgramServicesAmt010909
IRS990/OfficeExpensesGrp/TotalAmt018616
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0583520
IRS990/OtherAssetsTotalGrp/EOYAmt0360000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt028452
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0119849
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0148301
IRS990/OtherExpensesGrp/Desc0SCHOOL PROGRAMS AND ACT
IRS990/OtherExpensesGrp/Desc1CURRICULAR EXPENSES
IRS990/OtherExpensesGrp/Desc2RECRUITMENT
IRS990/OtherExpensesGrp/Desc3ADMISSIONS & OUTREACH
IRS990/OtherExpensesGrp/FundraisingAmt0378
IRS990/OtherExpensesGrp/FundraisingAmt12822
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0149
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1457
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt26158
IRS990/OtherExpensesGrp/ProgramServicesAmt095998
IRS990/OtherExpensesGrp/ProgramServicesAmt171609
IRS990/OtherExpensesGrp/ProgramServicesAmt221971
IRS990/OtherExpensesGrp/TotalAmt096525
IRS990/OtherExpensesGrp/TotalAmt172066
IRS990/OtherExpensesGrp/TotalAmt228129
IRS990/OtherExpensesGrp/TotalAmt32822
IRS990/OtherLiabilitiesGrp/BOYAmt0336026
IRS990/OtherLiabilitiesGrp/EOYAmt0480197
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt092137
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01019838
IRS990/OtherSalariesAndWagesGrp/TotalAmt01111975
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07724
IRS990/PayrollTaxesGrp/ProgramServicesAmt0116322
IRS990/PayrollTaxesGrp/TotalAmt0124046
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01525
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt022311
IRS990/PensionPlanContributionsGrp/TotalAmt023836
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt031271
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt053399
IRS990/PrincipalOfficerNm0SAMUEL VANDERVELDE
IRS990/PriorPeriodAdjustmentsAmt0-130775
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/BusinessCd4611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1LUNCH INCOME
IRS990/ProgramServiceRevenueGrp/Desc2FIELD TRIP FEES
IRS990/ProgramServiceRevenueGrp/Desc3MANDELBROT COMPETITION
IRS990/ProgramServiceRevenueGrp/Desc4PARENT ASSOCIATION FEE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03862400
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt144444
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt220100
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt39309
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt44310
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03862400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt144444
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt220100
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt39309
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt44310
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01054733
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0623431
IRS990/PYInvestmentIncomeAmt04011
IRS990/PYOtherExpensesAmt01425842
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03004551
IRS990/PYRevenuesLessExpensesAmt0461230
IRS990/PYSalariesCompEmpBnftPaidAmt01552792
IRS990/PYTotalExpensesAmt03602065
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04063295
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0336121
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03941336
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/BookValueAmt016123
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08062
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024185
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0978423
IRS990ScheduleD/ExpensesSubtotalAmt03551056
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02326004
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0258445
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02584449
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01586
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0360000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherExpensesNotIncludedAmt0978423
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0480197
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT
IRS990ScheduleD/OtherRevenueAmt0-978423
IRS990ScheduleD/RevenueNotReportedAmt0-976837
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04865600
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE CALIFORNIA TAX CODE. THE SCHOOL FOLLOWS THE GUIDANCE OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740 FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRED ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FINANCIAL AID AWARDS NETTED AGAINST REVENUE -978,423.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FINANCIAL AID AWARDS NETTED AGAINST REVENUE 978,423.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02342127
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0360000
IRS990ScheduleD/TotalExpensesPerForm990Amt04529479
IRS990ScheduleD/TotalLiabilityAmt0480197
IRS990ScheduleD/TotalRevenuePerForm990Amt04865600
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03888763
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03551056
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0OUR COMPREHENSIVE RACIAL NONDISCRIMINATION POLICY APPEARS AT THE PROOF SCHOOL WEBSITE ON THE PAGE CONTAINING INFORMATION ON ADMISSIONS. IT IS ALSO DISPLAYED ON ALL APPLICATION MATERIALS THAT ARE COMPLETED BY FAMILIES IN THE PROCESS OF APPLYING TO PROOF SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0978423
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt053
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALL FAMILIES HAVE THE OPTION OF APPLYING FOR FINANCIAL ASSISTANCE (FA) AT THE SAME TIME THAT THEY APPLY FOR ADMISSION TO PROOF SCHOOL. THE FA PROCESS IS HANDLED BY SSS, AN INDEPENDENT SERVICE USED BY MANY SCHOOLS TO DETERMINE FINANCIAL ASSISTANCE AWARD AMOUNTS. ONCE A STUDENT IS ADMITTED, OUR FA COMMITTEE USES INFORMATION PROVIDED BY SSS AND BY THE FAMILY IN ORDER TO MAKE FINAL AWARD DETERMINATIONS, WHICH ARE SHARED IN THE ENROLLMENT AGREEMENT. ALL RECORDS RELATED TO FA ARE KEPT ELECTRONICALLY, BOTH VIA SSS AND INTERNALLY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,992,457
Liabilities
$4,263,028
Net assets
$2,729,429
Revenue
$4,865,600
Expenses
$4,529,479
Net income
$336,121
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.6$5.60$5.95$6.70$5.94$0.77
2023Detailed filing. Detailed filing data is available for this year.$10.1$4.89$5.18$6.53$5.82$0.71
2022Detailed filing. Detailed filing data is available for this year.$9.20$4.73$4.47$6.38$5.88$0.49
2021Detailed filing. Detailed filing data is available for this year.$8.54$4.56$3.98$6.17$5.29$0.88
2020Detailed filing. Detailed filing data is available for this year.$7.84$4.74$3.10$5.31$4.93$0.38
2019Detailed filing. Detailed filing data is available for this year.$6.99$4.26$2.73$4.87$4.53$0.34
2018Detailed filing. Detailed filing data is available for this year.$5.94$3.42$2.52$4.06$3.60$0.46
2017Detailed filing. Detailed filing data is available for this year.$4.60$2.54$2.06$4.20$2.64$1.56
2016Detailed filing. Detailed filing data is available for this year.$1.35$0.94$0.42$2.14$2.18$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.51$1.05$0.46$0.72$0.26$0.45