Civic Intelligence

Foothills Education Center Inc

EIN 47-1682296 • 501(c)3 • Athens, GA

Profile

The organization operates as a charter school.

2415 Suite B Jefferson RoadAthens, GA 30607

www.foothillscharter.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

57th percentile

0.28x

Higher debt load relative to assets than 57% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

55th percentile

0.33x

Higher debt load relative to revenue than 55% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

76th percentile

21%

Higher net margin than 76% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

10th percentile

$0

Higher top officer pay than 10% of similar nonprofits.

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

501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

85th percentile

24%

Faster asset growth than 85% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

30th percentile

-0.9%

Faster revenue growth than 30% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Down

$0

Down $36,129,323 (-100%) from 2023

Liabilities

Down

$0

Down $10,202,045 (-100%) from 2023

Net Assets

Down

$0

Down $25,927,278 (-100%) from 2023

Revenue

Down

$21,308,643

Down $9,197,528 (-30%) from 2023

Expenses

Up

$26,124,821

Up $1,903,678 (+7.9%) from 2023

Net Income

Down

-$4,816,178

Down $11,101,206 (-177%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2015: $48,431Liabilities 2015: $0Net Assets 2015: $48,4312015Assets 2016: $3,021,323Liabilities 2016: $439,587Net Assets 2016: $2,581,7362016Assets 2017: $3,516,306Liabilities 2017: $955,878Net Assets 2017: $2,560,4282017Assets 2018: $6,748,350Liabilities 2018: $1,762,267Net Assets 2018: $4,986,0832018Assets 2019: $8,335,536Liabilities 2019: $3,142,288Net Assets 2019: $5,193,2482019Assets 2020: $11,936,361Liabilities 2020: $4,819,257Net Assets 2020: $7,117,1042020Assets 2021: $23,021,167Liabilities 2021: $9,745,894Net Assets 2021: $13,275,2732021Assets 2022: $29,237,884Liabilities 2022: $9,595,634Net Assets 2022: $19,642,2502022Assets 2023: $36,129,323Liabilities 2023: $10,202,045Net Assets 2023: $25,927,2782023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2024

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0-$10MRevenue 2015: $326,000Expenses 2015: $277,569Net Income 2015: $48,4312015Revenue 2016: $7,400,211Expenses 2016: $4,846,360Net Income 2016: $2,553,8512016Revenue 2017: $7,278,778Expenses 2017: $6,888,137Net Income 2017: $390,6412017Revenue 2018: $12,921,585Expenses 2018: $10,282,417Net Income 2018: $2,639,1682018Revenue 2019: $17,082,131Expenses 2019: $16,874,966Net Income 2019: $207,1652019Revenue 2020: $20,888,019Expenses 2020: $18,964,163Net Income 2020: $1,923,8562020Revenue 2021: $28,665,336Expenses 2021: $22,507,167Net Income 2021: $6,158,1692021Revenue 2022: $30,776,964Expenses 2022: $24,379,750Net Income 2022: $6,397,2142022Revenue 2023: $30,506,171Expenses 2023: $24,221,143Net Income 2023: $6,285,0282023Revenue 2024: $21,308,643Expenses 2024: $26,124,821Net Income 2024: -$4,816,1782024

Highlighted filing

2024

Revenue$21,308,643
Expenses$26,124,821
Net Income-$4,816,178

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Sep 28, 2024
Return Version
2023v5.1
Gross Receipts
$21,308,643
Mission and Program Overview

Mission

The organization operates as a charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$17,219,467--
Cash and Non-Interest-Bearing Accounts$12,928,560--
Land, Buildings, and Equipment, Net$189,841--
Accounts Receivable$99,977--
Total Assets$36,129,323$0▼ $36,129,323
Other Assets Total$5,691,478--
Liabilities
Other Liabilities$10,037,282--
Accounts Payable and Accrued Expenses$164,763--
Total Liabilities$10,202,045$0▼ $10,202,045
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$25,927,278--
Total Net Assets Fund Balance$25,927,278$0▼ $25,927,278
Total Liabilities and Net Assets / Fund Balance$36,129,323$0▼ $36,129,323

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$-650,095$1,129,643-
Leasehold Improvements$764,123$365,519-
Other Assets Org$1,516,811--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Robbie HookerChairperson
Phillip BrownVice Chairperson
Beverley LevineBoard Member
Dallas LeduffBoard Member
Noris PriceBoard Member
Sherrie Gibney-shermanEx Officio Member
Revenue and Support

Revenue Composition

Contributions and Grants
$5,274,986
Program Service Revenue
$14,295,017
Investment Income
$886,460
Other Revenue
$852,180
All Other Contributions
$5,274,986
Change in Net Assets
$-4,816,178

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,308,643
Total Revenue per Audited Statements
$21,308,643
Total Revenue per Form 990
$21,308,643
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$26,124,821
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
All Other Expenses$4,223,242--$4,223,242
Other Expenses$6,245,004$793,161-$793,161
Interest$5,555--$5,555
Total Functional Expenses$22,014,358$4,110,463$0$26,124,821

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$26,124,821
Total Expenses per Audited Statements$26,124,821
Total Expenses per Form 990$26,124,821
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$4,688,049
Net Opeb Liability$1,881,871
Deferred Inflow of Resources Opeb$1,420,767
Deferred Inflow of Resources$639,750
Lease Liability Due Within One Year$86,902
Lease Liability$38,839
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 35% controlled entity
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
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 governing body review Part VI line 11

The board is given a copy of the 990 to review before it is submitted.

Conflict of interest policy compliance Part VI line 12C

Officers and directors disclose conflicts as they occur and the board considers their impact. Generally recusal is required where a conflict exists.

CEO executive director top management comp Part VI line 15A

Compensation is set by comparison to other charter schools, state salary schedules, and consideration is given to performance in meeting goals and objectives set by the board and by management.

Other officer or key employee compensation Part VI line 15B

Compensation is set by comparison to other charter schools, state salary schedules, and consideration is given to performance in meeting goals and objectives set by the board and by management.

Governing documents etc available to public Part VI line 19

The documents are available at the main office of the school.

Filing and Contact Details

Filer

Filer Name
Foothills Education Center Inc
EIN
47-1682296
Address
2415 SUITE B JEFFERSON ROAD, ATHENS, GA 30607

Signing Officer

Name
Robbie Hooker
Title
Chairperson
Phone
7067952191
Signed
2024-09-28
Discuss with paid preparer
Yes

Organization Details

Formed
2014
Legal Domicile
Ga
Voting Board Members
6
Independent Board Members
6
Employees
935

Preparer

Firm
Bambo Sonaike CPA LLC
Address
707 WHITLOCK AVE SUITE B-21, Marietta, GA 30064
Preparer
Adebambo Sonaike CPA
Phone
7709566455
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Transfer of all assets to foothills regional high school ein 93-1432213 as required by state of georgia law hb87.

List of other expenses Part IX line 24E

Other expenses include improvement of instructional services, federal grant administration, business services, central services, and other support services.

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IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/AttorneyGeneralNotifiedInd0true
IRS990ScheduleN/BondLiabilitiesDischargedInd0false
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/EmployeeOfSuccessorInd0true
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0TRANSFER OF ALL ASSETS TO PUBLIC SCHOOL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02024-06-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0931432213
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt031369466
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0PUBLIC SCHOOL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0COST BASIS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm0FOOTHILLS REGIONAL HIGH SCHOOL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0P O BOX 7427
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0ATHENS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD IS GIVEN A COPY OF THE 990 TO REVIEW BEFORE IT IS SUBMITTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS AND DIRECTORS DISCLOSE CONFLICTS AS THEY OCCUR AND THE BOARD CONSIDERS THEIR IMPACT. GENERALLY RECUSAL IS REQUIRED WHERE A CONFLICT EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS SET BY COMPARISON TO OTHER CHARTER SCHOOLS, STATE SALARY SCHEDULES, AND CONSIDERATION IS GIVEN TO PERFORMANCE IN MEETING GOALS AND OBJECTIVES SET BY THE BOARD AND BY MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS SET BY COMPARISON TO OTHER CHARTER SCHOOLS, STATE SALARY SCHEDULES, AND CONSIDERATION IS GIVEN TO PERFORMANCE IN MEETING GOALS AND OBJECTIVES SET BY THE BOARD AND BY MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE DOCUMENTS ARE AVAILABLE AT THE MAIN OFFICE OF THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TRANSFER OF ALL ASSETS TO FOOTHILLS REGIONAL HIGH SCHOOL EIN 93-1432213 AS REQUIRED BY STATE OF GEORGIA LAW HB87.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OTHER EXPENSES INCLUDE IMPROVEMENT OF INSTRUCTIONAL SERVICES, FEDERAL GRANT ADMINISTRATION, BUSINESS SERVICES, CENTRAL SERVICES, AND OTHER SUPPORT SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other expenses Part IX line 24e
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
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IRS990/TerminateOperationsInd0true
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04110463
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt022014358
IRS990/TotalFunctionalExpensesGrp/TotalAmt026124821
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010202045
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt010202045
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt025927278
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt022014358
IRS990/TotalProgramServiceRevenueAmt014295017
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt016033657
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt021308643
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt036129323
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.FOOTHILLSCHARTER.ORG
IRS990/WhistleblowerPolicyInd0true
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBBIE HOOKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum07067952191
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOOTHILLS EDUCATION CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0FOOT
ReturnHeader/Filer/EIN0471682296
ReturnHeader/Filer/USAddress/AddressLine1Txt02415 SUITE B JEFFERSON ROAD
ReturnHeader/Filer/USAddress/CityNm0ATHENS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030607
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0900226617
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BAMBO SONAIKE CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0707 WHITLOCK AVE SUITE B-21
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Marietta
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030064
ReturnHeader/PreparerPersonGrp/PhoneNum07709566455
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ADEBAMBO SONAIKE CPA
ReturnHeader/ReturnTs02024-11-11T14:37:23-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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