Civic Intelligence

Southside Elementary Charter School

990 • Fiscal year 2017 • EIN 46-4002550

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 09, 2018

135 Prairie AvenueProvidence, RI 02905

(401) 270-9007

Siviq Scores

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

Liabilities / Assets

49th percentile

0.09x

Higher debt load relative to assets than 49% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

33rd percentile

0.04x

Higher debt load relative to revenue than 33% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

56th percentile

5.2%

Higher net margin than 56% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

74th percentile

$112,866

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

64th percentile

8.3%

Faster asset growth than 64% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

78th percentile

27%

Faster revenue growth than 78% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$509,407

Up $38,899 (+8.3%) from 2016

Net Assets

Up

$464,037

Up $66,121 (+17%) from 2016

Liabilities

Down

$45,370

Down $27,222 (-38%) from 2016

Revenue

Up

$1,207,166

Up $256,350 (+27%) from 2016

Expenses

Up

$1,144,413

Up $347,623 (+44%) from 2016

Net Income

Down

$62,753

Down $91,273 (-59%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2014: $43,582Liabilities 2014: $24,221Net Assets 2014: $19,3612014Assets 2015: $250,843Liabilities 2015: $6,953Net Assets 2015: $243,8902015Assets 2016: $470,508Liabilities 2016: $72,592Net Assets 2016: $397,9162016Assets 2017: $509,407Liabilities 2017: $45,370Net Assets 2017: $464,0372017Assets 2018: $504,567Liabilities 2018: $90,129Net Assets 2018: $414,4382018Assets 2019: $482,632Liabilities 2019: $135,566Net Assets 2019: $347,0662019Assets 2020: $954,248Liabilities 2020: $219,044Net Assets 2020: $735,2042020Assets 2021: $1,202,665Liabilities 2021: $157,539Net Assets 2021: $1,045,1262021Assets 2022: $1,333,393Liabilities 2022: $166,879Net Assets 2022: $1,166,5142022Assets 2024: $2,014,456Liabilities 2024: $456,764Net Assets 2024: $1,557,6922024Assets 2025: $2,276,533Liabilities 2025: $262,646Net Assets 2025: $2,013,8872025

Highlighted filing

2017

Assets$509,407
Liabilities$45,370
Net Assets$464,037

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $97,227Expenses 2014: $77,866Net Income 2014: $19,3612014Revenue 2015: $645,469Expenses 2015: $420,940Net Income 2015: $224,5292015Revenue 2016: $950,816Expenses 2016: $796,790Net Income 2016: $154,0262016Revenue 2017: $1,207,166Expenses 2017: $1,144,413Net Income 2017: $62,7532017Revenue 2018: $1,672,205Expenses 2018: $1,724,088Net Income 2018: -$51,8832018Revenue 2019: $2,119,893Expenses 2019: $2,187,142Net Income 2019: -$67,2492019Revenue 2020: $2,615,265Expenses 2020: $2,224,063Net Income 2020: $391,2022020Revenue 2021: $2,765,935Expenses 2021: $2,471,725Net Income 2021: $294,2102021Revenue 2022: $3,164,640Expenses 2022: $3,002,150Net Income 2022: $162,4902022Revenue 2024: $3,397,823Expenses 2024: $3,200,865Net Income 2024: $196,9582024Revenue 2025: $3,198,908Expenses 2025: $2,757,283Net Income 2025: $441,6252025

Highlighted filing

2017

Revenue$1,207,166
Expenses$1,144,413
Net Income$62,753
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 9, 2018
Return Version
2016v3.0
Gross Receipts
$1,207,166
Mission and Program Overview

Mission

The mission of SouthSide Elementary

The mission of southside elementary charter school is to provide a diverse group of kindergarten through fifth grade students with a solid step towards college and community leadership.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$307,017$304,540▼ $2,477
Land, Buildings, and Equipment, Net$81,576$76,476▼ $5,100
Accounts Receivable$31,977$73,190▲ $41,213
Investments Other Securities$49,938$53,306▲ $3,368
Prepaid Expenses and Deferred Charges-$1,895-
Total Assets$470,508$509,407▲ $38,899
Liabilities
Accounts Payable and Accrued Expenses$72,592$45,370▼ $27,222
Total Liabilities$72,592$45,370▼ $27,222
Net Assets / Fund Balance
Unrestricted Net Assets$347,978$410,731▲ $62,753
Permanently Rstr Net Assets$49,938$53,306▲ $3,368
Total Net Assets Fund Balance$397,916$464,037▲ $66,121
Total Liabilities and Net Assets / Fund Balance$470,508$509,407▲ $38,899

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$74,456$41,797$116,253
Other Land Buildings$2,020$151$2,171
Other Securities$53,306--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$49,938-▲ $7,318-$53,306
2015-$50,000▼ $62-$49,938
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Wendy RandleEducation DiFT$98,592$14,274$112,866

Board Members and Trustees

NameTitle
Eileen HayesBoard Chair
Antoinette GomesVice Chair
Chandra DashEducation Co
Madeline BurkeEducation Co
Dan CorleyFinance Chai
Al SpeaksFinance Comm
Mayra Soto-johnsonGovernance C
Kas DecarvalhoLegal Counse
Revenue and Support

Revenue Composition

Contributions and Grants
$133,460
Program Service Revenue
$1,070,265
Investment Income
$3,441
Other Revenue
$0
All Other Contributions
$18,276
Change in Net Assets
$62,753

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,207,166
Revenue Not Reported on Form 990
$3,368
Total Revenue per Audited Statements
$1,210,534
Total Revenue per Form 990
$1,207,166
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$698,554
Other Expenses$445,859
Total Fundraising Expense$15,573
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$436,383$45,632$4,478$486,493
Current Officers, Directors, Trustees, and Key Employees$88,200$9,310$490$98,000
Occupancy$69,833$13,094$4,365$87,292
Fees for Services Other$58,075$4,907-$62,982
Payroll Taxes$48,985$5,130$464$54,579
Pension Plan Contributions$41,104$4,295$438$45,837
All Other Expenses$29,401$4,507$252$34,160
Information Technology$15,469$5,156-$20,625
Depreciation Depletion$14,353$2,691$897$17,941
Other Expenses$15,797$9,010$3,003$15,797
Other Employee Benefits$12,281$1,296$68$13,645
Office Expenses$10,839$2,033$678$13,550
Fees for Services Accounting-$12,790-$12,790
Insurance$7,045$1,321$440$8,806
Fees for Services Legal-$3,713-$3,713
Advertising$400--$400
Total Functional Expenses$1,003,955$124,885$15,573$1,144,413

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,144,413
Total Expenses per Audited Statements$1,144,413
Total Expenses per Form 990$1,144,413
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
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, Page 6, Part VI, Line 11B

The 990 is reviewed and approved by the education director and business manager and distributed to the full board prior to filing.

Form 990, Page 6, Part VI, Line 12C

All board members are required to complete and sign an annual conflict of interest statement.

Form 990, Page 6, Part VI, Line 15A

The education director is subject to an annual performance review performed by the board of directors which is used with other extraneous and contemporaneous information to determine compensation levels.

Form 990, Page 6, Part VI, Line 15B

The board uses performance reviews and other information to determine compensation levels for other officers and key employees.

Form 990, Page 6, Part VI, Line 19

Documents made available upon request.

Filing and Contact Details

Filer

Filer Name
Southside Elementary Charter School
EIN
46-4002550
Phone
4012709007
Address
135 PRAIRIE AVENUE, PROVIDENCE, RI 02905

Signing Officer

Name
Wendy Randle
Title
Education Director
Phone
4012709007
Signed
2018-01-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wendy Randle
Formed
2013
Legal Domicile
Ri
Voting Board Members
9
Independent Board Members
8
Employees
29
Volunteers
10

Preparer

Firm
Dittmar Mcneil & Ferolito Cpas Inc
Address
501 CENTERVILLE RD 103, WARWICK, RI 02886
Preparer
E Duncan Mcneil CPA
Phone
4019212600
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IRS990/ProgramServiceRevenueGrp/Desc0STATE AID TO CHARTER SCHOOL
IRS990/ProgramServiceRevenueGrp/Desc1PROVIDENCE SCHOOL DEPT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0757281
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1312984
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0757281
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1312984
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IRS990/PYContributionsGrantsAmt0227696
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-62
IRS990/PYOtherExpensesAmt0367004
IRS990/PYProgramServiceRevenueAmt0723182
IRS990/PYRevenuesLessExpensesAmt0154026
IRS990/PYSalariesCompEmpBnftPaidAmt0429786
IRS990/PYTotalExpensesAmt0796790
IRS990/PYTotalRevenueAmt0950816
IRS990/ReconcilationRevenueExpnssAmt062753
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01070265
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/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0-509
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt049938
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt053306
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0-3441
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt07318
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt050000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt049938
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-62
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt074456
IRS990ScheduleD/EquipmentGrp/DepreciationAmt041797
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0116253
IRS990ScheduleD/ExpensesSubtotalAmt01144413
IRS990ScheduleD/NetUnrealizedGainsInvstAmt03368
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02020
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0151
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02171
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt053306
IRS990ScheduleD/OtherSecuritiesGrp/Desc0BEN. INT. IN ASSETS HELD BY RI FOUND
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt03368
IRS990ScheduleD/RevenueSubtotalAmt01207166
IRS990ScheduleD/TotalBookValueLandBuildingsAmt076476
IRS990ScheduleD/TotalBookValueSecuritiesAmt053306
IRS990ScheduleD/TotalExpensesPerForm990Amt01144413
IRS990ScheduleD/TotalRevenuePerForm990Amt01207166
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01210534
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01144413
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/ExplanationTxt0BY DEFINITION, THE DEPARTMENT OF EDUCATION PRECLUDES US FROM DISCRIMINATING AGAINST ANY STUDENT IN THE SELECTION PROCESS. THE DEPARTMENT OF EDUCATION PUBLICIZES THIS ENROLLMENT POLICY.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES AID FROM THE STATE OF RHODE ISLAND GRANTS THROUGH THE RHODE ISLAND DEPARTMENT OF EDUCATION AND PER PUPIL TUITION FROM LOCAL SCHOOL DISTRICTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED AND APPROVED BY THE EDUCATION DIRECTOR AND BUSINESS MANAGER AND DISTRIBUTED TO THE FULL BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE AND SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EDUCATION DIRECTOR IS SUBJECT TO AN ANNUAL PERFORMANCE REVIEW PERFORMED BY THE BOARD OF DIRECTORS WHICH IS USED WITH OTHER EXTRANEOUS AND CONTEMPORANEOUS INFORMATION TO DETERMINE COMPENSATION LEVELS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD USES PERFORMANCE REVIEWS AND OTHER INFORMATION TO DETERMINE COMPENSATION LEVELS FOR OTHER OFFICERS AND KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0470508
IRS990/TotalAssetsEOYAmt0509407
IRS990/TotalAssetsGrp/BOYAmt0470508
IRS990/TotalAssetsGrp/EOYAmt0509407
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0133460
IRS990/TotalEmployeeCnt029
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt015573
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0124885
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01003955
IRS990/TotalFunctionalExpensesGrp/TotalAmt01144413
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt072592
IRS990/TotalLiabilitiesEOYAmt045370
IRS990/TotalLiabilitiesGrp/BOYAmt072592
IRS990/TotalLiabilitiesGrp/EOYAmt045370
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0397916
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0464037
IRS990/TotalOtherCompensationAmt014274
IRS990/TotalProgramServiceExpensesAmt01003955
IRS990/TotalProgramServiceRevenueAmt01070265
IRS990/TotalReportableCompFromOrgAmt098592
IRS990/TotalRevenueGrp/ExclusionAmt03441
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01070265
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01207166
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0470508
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0509407
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0347978
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0410731
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0135 PRAIRIE AVENUE
IRS990/USAddress/CityNm0PROVIDENCE
IRS990/USAddress/StateAbbreviationCd0RI
IRS990/USAddress/ZIPCd002905

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