Civic Intelligence

Precious Hearts Academy

990 • Fiscal year 2018 • EIN 47-1215869

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 14, 2018

Organization ProfileWWW.PRECIOUSHEARTSACADEMY.ORG
225 West Hospitality Ln No 108San Bernardino, CA 92408

(909) 383-0388

Siviq Scores

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

Liabilities / Assets

90th percentile

0.75x

Higher debt load relative to assets than 90% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

80th percentile

0.30x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

78th percentile

21%

Higher net margin than 78% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

88th percentile

$100,000

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 11.9% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

94th percentile

101%

Faster asset growth than 94% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

91st percentile

81%

Faster revenue growth than 91% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$335,964

Up $168,908 (+101%) from 2017

Net Assets

Up

$84,709

Up $80,931 (+2142%) from 2017

Liabilities

Up

$251,255

Up $87,977 (+54%) from 2017

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin78th percentile

Revenue

Up

$842,251

Up $375,801 (+81%) from 2017

Expenses

Up

$661,320

Up $224,044 (+51%) from 2017

Net Income

Up

$180,931

Up $151,757 (+520%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2014: $209Liabilities 2014: $0Net Assets 2014: $2092014Assets 2015: $63,515Liabilities 2015: $92,057Net Assets 2015: -$28,5422015Assets 2016: $64,037Liabilities 2016: $89,4322016Assets 2017: $167,056Liabilities 2017: $163,278Net Assets 2017: $3,7782017Assets 2018: $335,964Liabilities 2018: $251,255Net Assets 2018: $84,7092018Assets 2019: $679,121Liabilities 2019: $154,625Net Assets 2019: $524,4962019Assets 2020: $1,168,571Liabilities 2020: $338,493Net Assets 2020: $830,0782020Assets 2021: $1,417,765Liabilities 2021: $98,690Net Assets 2021: $1,319,0752021Assets 2022: $1,511,936Liabilities 2022: $89,490Net Assets 2022: $1,422,4462022Assets 2023: $1,644,342Liabilities 2023: $89,490Net Assets 2023: $1,554,8522023Assets 2024: $2,173,175Liabilities 2024: $74,220Net Assets 2024: $2,098,9552024Assets 2025: $2,332,265Liabilities 2025: $20,293Net Assets 2025: $2,311,9722025

Highlighted filing

2018

Assets$335,964
Liabilities$251,255
Net Assets$84,709
Open 2018 Filing

Operations Trend

Revenue Growth91st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $2,470Expenses 2014: $2,261Net Income 2014: $2092014Revenue 2015: $121,153Expenses 2015: $149,904Net Income 2015: -$28,7512015Revenue 2016: $156,577Expenses 2016: $153,430Net Income 2016: $3,1472016Revenue 2017: $466,450Expenses 2017: $437,276Net Income 2017: $29,1742017Revenue 2018: $842,251Expenses 2018: $661,320Net Income 2018: $180,9312018Revenue 2019: $1,453,470Expenses 2019: $1,013,683Net Income 2019: $439,7872019Revenue 2020: $1,382,350Expenses 2020: $1,076,768Net Income 2020: $305,5822020Revenue 2021: $1,557,126Expenses 2021: $1,068,129Net Income 2021: $488,9972021Revenue 2022: $1,629,434Expenses 2022: $1,526,063Net Income 2022: $103,3712022Revenue 2023: $2,113,777Expenses 2023: $1,981,371Net Income 2023: $132,4062023Revenue 2024: $2,839,244Expenses 2024: $2,295,141Net Income 2024: $544,1032024Revenue 2025: $2,625,471Expenses 2025: $2,412,454Net Income 2025: $213,0172025

Highlighted filing

2018

Revenue$842,251
Expenses$661,320
Net Income$180,931
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$842,251
Mission and Program Overview

Mission

Precious hearts academy is a special education day school devoted to serving k-12 students with exceptionalities and their families by providing an accessible, enriched, trans-disciplinary and integrated educational program based on evidence-based research standards to facilitate whole person development.

Precious hearts academy is a special education day school devoted to serving k-12 students with exceptionalities and their families by providing an individualized, enriched, trans-disciplinary and integrated educational program based on clinical evidence-based research standards to facilitate whole person development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$52,907$249,159▲ $196,252
Cash and Non-Interest-Bearing Accounts$96,895$48,252▼ $48,643
Land, Buildings, and Equipment, Net$17,254$28,921▲ $11,667
Loans From Officers Directors$60,778$22,051▼ $38,727
Total Assets$167,056$335,964▲ $168,908
Other Assets Total$0$9,632▲ $9,632
Liabilities
Accounts Payable and Accrued Expenses$102,500$229,204▲ $126,704
Total Liabilities$163,278$251,255▲ $87,977
Net Assets / Fund Balance
Unrestricted Net Assets$3,778$84,709▲ $80,931
Total Net Assets Fund Balance$3,778$84,709▲ $80,931
Total Liabilities and Net Assets / Fund Balance$167,056$335,964▲ $168,908

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$24,765$1,190$25,955
Equipment$4,156$2,391$6,547
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Sharmel WeerasinghePresidentFT$100,000$100,000

Board Members and Trustees

NameTitle
Daniel E OlsonChairman of the Board
Jeevaka WeerasingheExecutive Vice President
Christian IordanVice President, Public Rel
Edward FieldChief Financial Officer
Francesca KuruppuSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$17,936
Program Service Revenue
$824,315
Investment Income
$0
Other Revenue
$0
All Other Contributions
$17,936
Change in Net Assets
$180,931
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$547,895
Other Expenses$113,425
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$401,204--$401,204
Current Officers, Directors, Trustees, and Key Employees$85,000$15,000-$100,000
Payroll Taxes$46,691--$46,691
Occupancy$46,559--$46,559
Insurance-$9,970-$9,970
Fees for Services Other-$8,337-$8,337
All Other Expenses$993$5,522-$6,515
Fees for Services Accounting-$5,050-$5,050
Advertising-$3,200-$3,200
Conferences and Meetings-$3,114-$3,114
Other Expenses$3,209$2,717-$2,717
Office Expenses-$2,660-$2,660
Depreciation Depletion$1,341--$1,341
Interest-$585-$585
Travel-$25-$25
Total Functional Expenses$597,789$63,531$0$661,320
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$60,778$22,051▼ $38,727
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Officers sharmel weerasinghe and jeevaka weerasinghe are married.”

Form 990, Part VI, Section B, Line 11B

“A copy of form 990 is provided to and reviewed by management and the board of directors before it is filed.”

Form 990, Part VI, Section C, Line 19

“These documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Precious Hearts Academy
EIN
47-1215869
Phone
9093830388
Address
225 WEST HOSPITALITY LN NO 108, SAN BERNARDINO, CA 92408

Signing Officer

Name
Sharmel Weerasinghe
Title
President
Phone
9093830388
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sharmel Weerasinghe
Formed
2014
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
28
Volunteers
0

Preparer

Firm
Rogers Anderson Malody & Scott Llp
Address
735 E CARNEGIE DRIVE SUITE 100, SAN BERNARDINO, CA 92408
Preparer
Bradferd a Welebir CPA
Phone
9098890871
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Retroactive officer compensation. -100,000.”

Raw XML Appendix379 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0102500
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0229204
IRS990/AccountsReceivableGrp/BOYAmt052907
IRS990/AccountsReceivableGrp/EOYAmt0249159
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PRECIOUS HEARTS ACADEMY IS A SPECIAL EDUCATION DAY SCHOOL DEVOTED TO SERVING K-12 STUDENTS WITH EXCEPTIONALITIES AND THEIR FAMILIES BY PROVIDING AN INDIVIDUALIZED, ENRICHED, TRANS-DISCIPLINARY AND INTEGRATED EDUCATIONAL PROGRAM BASED ON CLINICAL EVIDENCE-BASED RESEARCH STANDARDS TO FACILITATE WHOLE PERSON DEVELOPMENT.
IRS990/AddressChangeInd0X
IRS990/AdvertisingGrp/ManagementAndGeneralAmt03200
IRS990/AdvertisingGrp/TotalAmt03200
IRS990/AllOtherContributionsAmt017936
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt05522
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0993
IRS990/AllOtherExpensesGrp/TotalAmt06515
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SHARMEL WEERASINGHE
IRS990/BooksInCareOfDetail/PhoneNum09093830388
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0225 WEST HOSPITALITY LN SUITE 108
IRS990/BooksInCareOfDetail/USAddress/CityNm0SAN BERNARDINO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd092408
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt096895
IRS990/CashNonInterestBearingGrp/EOYAmt048252
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt015000
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt085000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0100000
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt03114
IRS990/ConferencesMeetingsGrp/TotalAmt03114
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt017936
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0113425
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0824315
IRS990/CYRevenuesLessExpensesAmt0180931
IRS990/CYSalariesCompEmpBnftPaidAmt0547895
IRS990/CYTotalExpensesAmt0661320
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0842251
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01341
IRS990/DepreciationDepletionGrp/TotalAmt01341
IRS990/Desc0PROVIDE SPECIAL EDUCATION SERVICES TO STUDENTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt028
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0597789
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt05050
IRS990/FeesForServicesAccountingGrp/TotalAmt05050
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt08337
IRS990/FeesForServicesOtherGrp/TotalAmt08337
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt225.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0DANIEL E OLSON
IRS990/Form990PartVIISectionAGrp/PersonNm1SHARMEL WEERASINGHE
IRS990/Form990PartVIISectionAGrp/PersonNm2JEEVAKA WEERASINGHE
IRS990/Form990PartVIISectionAGrp/PersonNm3CHRISTIAN IORDAN
IRS990/Form990PartVIISectionAGrp/PersonNm4FRANCESCA KURUPPU
IRS990/Form990PartVIISectionAGrp/PersonNm5EDWARD FIELD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1100000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2EXECUTIVE VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT, PUBLIC REL
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHIEF FINANCIAL OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02014
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0842251
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt09970
IRS990/InsuranceGrp/TotalAmt09970
IRS990/InterestGrp/ManagementAndGeneralAmt0585
IRS990/InterestGrp/TotalAmt0585
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03581
IRS990/LandBldgEquipBasisNetGrp/BOYAmt017254
IRS990/LandBldgEquipBasisNetGrp/EOYAmt028921
IRS990/LandBldgEquipCostOrOtherBssAmt032502
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt060778
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt022051
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0NONE
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03778
IRS990/NetAssetsOrFundBalancesEOYAmt084709
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt046559
IRS990/OccupancyGrp/TotalAmt046559
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02660
IRS990/OfficeExpensesGrp/TotalAmt02660
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt09632
IRS990/OtherChangesInNetAssetsAmt0-100000
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1LEGAL SETTLEMENT
IRS990/OtherExpensesGrp/Desc2MINOR FURNITURE, FIXTUR
IRS990/OtherExpensesGrp/Desc3PERMITS, REGISTRATIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07351
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12717
IRS990/OtherExpensesGrp/ProgramServicesAmt012792
IRS990/OtherExpensesGrp/ProgramServicesAmt13209
IRS990/OtherExpensesGrp/TotalAmt012792
IRS990/OtherExpensesGrp/TotalAmt17351
IRS990/OtherExpensesGrp/TotalAmt23209
IRS990/OtherExpensesGrp/TotalAmt32717
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0401204
IRS990/OtherSalariesAndWagesGrp/TotalAmt0401204
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt046691
IRS990/PayrollTaxesGrp/TotalAmt046691
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SHARMEL WEERASINGHE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0SPECIAL EDUCATION SERV
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0824315
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0824315
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt040965
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0108310
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0425485
IRS990/PYRevenuesLessExpensesAmt029174
IRS990/PYSalariesCompEmpBnftPaidAmt0328966
IRS990/PYTotalExpensesAmt0437276
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0466450
IRS990/ReconcilationRevenueExpnssAmt0180931
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0824315
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt04156
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02391
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06547
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt024765
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01190
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt025955
IRS990ScheduleD/TotalBookValueLandBuildingsAmt028921
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/ExplanationTxt0THE ORGANIZATION PUBLICIZED ITS NONDISCRIMINATORY POLICY IN THE SAN BERNARDINO SUN NEWSPAPER ON FEBRUARY 3, 2015, DURING THE PERIOD OF SOLICITATION FOR STUDENTS. THE POLICY IS ALSO PUBLICIZED ON THE ORGANIZATION'S WEBSITE AND PRINTED PUBLICATIONS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt02426
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt119625
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0FUNDING STARTUP AND ONGOING OPERATIONS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1FUNDING STARTUP AND ONGOING OPERATIONS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt049972
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt124568
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0SHARMEL WEERASINGHE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1STANLEY WEERASINGHE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1FAMILY MEMBER OF OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/TotalBalanceDueAmt022051
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OFFICERS SHARMEL WEERASINGHE AND JEEVAKA WEERASINGHE ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF FORM 990 IS PROVIDED TO AND REVIEWED BY MANAGEMENT AND THE BOARD OF DIRECTORS BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THESE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RETROACTIVE OFFICER COMPENSATION. -100,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0167056
IRS990/TotalAssetsEOYAmt0335964
IRS990/TotalAssetsGrp/BOYAmt0167056
IRS990/TotalAssetsGrp/EOYAmt0335964
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt017936
IRS990/TotalEmployeeCnt028
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt063531
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0597789
IRS990/TotalFunctionalExpensesGrp/TotalAmt0661320
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0163278
IRS990/TotalLiabilitiesEOYAmt0251255
IRS990/TotalLiabilitiesGrp/BOYAmt0163278
IRS990/TotalLiabilitiesGrp/EOYAmt0251255
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03778
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt084709
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0597789
IRS990/TotalProgramServiceRevenueAmt0824315
IRS990/TotalReportableCompFromOrgAmt0100000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0824315
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0842251
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0167056
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0335964
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt025
IRS990/TravelGrp/TotalAmt025
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03778
IRS990/UnrestrictedNetAssetsGrp/EOYAmt084709
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0225 WEST HOSPITALITY LN NO 108
IRS990/USAddress/CityNm0SAN BERNARDINO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092408
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.PRECIOUSHEARTSACADEMY.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SHARMEL WEERASINGHE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09093830388
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRECIOUS HEARTS ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0PREC
ReturnHeader/Filer/EIN0471215869
ReturnHeader/Filer/PhoneNum09093830388
ReturnHeader/Filer/USAddress/AddressLine1Txt0225 WEST HOSPITALITY LN NO 108
ReturnHeader/Filer/USAddress/CityNm0SAN BERNARDINO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092408
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId08904EEAA0F3EA4DADC334EB9CDD39CC8A1BE224F
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.227.38.201
ReturnHeader/FilingSecurityInformation/IPDt02018-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm018:40:26
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0952662063
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROGERS ANDERSON MALODY & SCOTT LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0735 E CARNEGIE DRIVE SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN BERNARDINO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092408
ReturnHeader/PreparerPersonGrp/PhoneNum09098890871
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRADFERD A WELEBIR CPA
ReturnHeader/ReturnTs02018-11-15T12:16:54-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$335,964
Liabilities
$251,255
Net assets
$84,709
Revenue
$842,251
Expenses
$661,320
Net income
$180,931
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.33$0.02$2.31$2.63$2.41$0.21
2024Detailed filing. Detailed filing data is available for this year.$2.17$0.07$2.10$2.84$2.30$0.54
2023Detailed filing. Detailed filing data is available for this year.$1.64$0.09$1.55$2.11$1.98$0.13
2022Detailed filing. Detailed filing data is available for this year.$1.51$0.09$1.42$1.63$1.53$0.10
2021Detailed filing. Detailed filing data is available for this year.$1.42$0.10$1.32$1.56$1.07$0.49
2020Detailed filing. Detailed filing data is available for this year.$1.17$0.34$0.83$1.38$1.08$0.31
2019Detailed filing. Detailed filing data is available for this year.$0.68$0.15$0.52$1.45$1.01$0.44
2018Detailed filing. Detailed filing data is available for this year.$0.34$0.25$0.08$0.84$0.66$0.18
2017Detailed filing. Detailed filing data is available for this year.$0.17$0.16$0.00$0.47$0.44$0.03
2016Summary only. Only limited summary data is available for this year.$0.06$0.09$0.16$0.15$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.06$0.09$0.03$0.12$0.15$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00