Civic Intelligence

Charter Schools Action Fund

990 • Fiscal year 2018 • EIN 47-2045681

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 13, 2019

1425 K Street NW No 900Washington, DC 20005

(202) 521-2848

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.22x

Higher debt load relative to assets than 83% of similar nonprofits.

2018 filings • 501(c)4 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2018

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2018

Top Officer Pay

100th percentile

$337,018

Higher top officer pay than 100% of similar nonprofits.

2018 filings • 501(c)4 • <$500k nonprofits • Source year 2018

Asset Growth

3rd percentile

-79%

Faster asset growth than 3% of similar nonprofits.

2018 filings • 501(c)4 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2018 filings • 501(c)4 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$128,313

Down $487,168 (-79%) from 2017

Net Assets

Down

$100,274

Down $474,442 (-83%) from 2017

Liabilities

Down

$28,039

Down $12,726 (-31%) from 2017

Revenue

Down

$0

Down $315,000 (-100%) from 2017

Expenses

Up

$474,442

Up $449,349 (+1791%) from 2017

Net Income

Down

-$474,442

Down $764,349 (-264%) from 2017

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0-$200KAssets 2014: $67,804Liabilities 2014: $5,949Net Assets 2014: $61,8552014Assets 2015: $137,503Liabilities 2015: $72,909Net Assets 2015: $64,5942015Assets 2016: $300,481Liabilities 2016: $18,146Net Assets 2016: $282,3352016Assets 2017: $615,481Liabilities 2017: $40,765Net Assets 2017: $574,7162017Assets 2018: $128,313Liabilities 2018: $28,039Net Assets 2018: $100,2742018Assets 2019: $114,110Liabilities 2019: $50,818Net Assets 2019: $63,2922019Assets 2020: $64,769Liabilities 2020: $92,537Net Assets 2020: -$27,7682020Assets 2021: $97,406Liabilities 2021: $147,207Net Assets 2021: -$49,8012021Assets 2022: $376,189Liabilities 2022: $287,332Net Assets 2022: $88,8572022Assets 2023: $604,996Liabilities 2023: $335,038Net Assets 2023: $269,9582023Assets 2024: $383,462Liabilities 2024: $324,336Net Assets 2024: $59,1262024

Highlighted filing

2018

Assets$128,313
Liabilities$28,039
Net Assets$100,274

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2014: $100,000Expenses 2014: $38,145Net Income 2014: $61,8552014Revenue 2015: $265,000Expenses 2015: $262,261Net Income 2015: $2,7392015Revenue 2016: $245,000Expenses 2016: $27,259Net Income 2016: $217,7412016Revenue 2017: $315,000Expenses 2017: $25,093Net Income 2017: $289,9072017Revenue 2018: $0Expenses 2018: $474,442Net Income 2018: -$474,4422018Revenue 2019: $113,433Expenses 2019: $150,415Net Income 2019: -$36,9822019Revenue 2020: $90,000Expenses 2020: $181,060Net Income 2020: -$91,0602020Revenue 2021: $85,000Expenses 2021: $107,033Net Income 2021: -$22,0332021Revenue 2022: $979,471Expenses 2022: $840,813Net Income 2022: $138,6582022Revenue 2023: $565,000Expenses 2023: $383,899Net Income 2023: $181,1012023Revenue 2024: $254,081Expenses 2024: $464,913Net Income 2024: -$210,8322024

Highlighted filing

2018

Revenue$0
Expenses$474,442
Net Income-$474,442
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 13, 2019
Return Version
2018v3.1
Gross Receipts
$0
Mission and Program Overview

Mission

A social welfare organization organized to amplify the work of the national alliance for public charter schools, a 501(c)(3) organization.

The charter schools action fund supports the mission of the national alliance for public charter schools, a 501(c)(3) organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$615,481$124,488▼ $490,993
Prepaid Expenses and Deferred Charges-$3,825-
Total Assets$615,481$128,313▼ $487,168
Liabilities
Other Liabilities$40,765$28,039▼ $12,726
Total Liabilities$40,765$28,039▼ $12,726
Net Assets / Fund Balance
Unrestricted Net Assets$574,716$100,274▼ $474,442
Total Net Assets Fund Balance$574,716$100,274▼ $474,442
Total Liabilities and Net Assets / Fund Balance$615,481$128,313▼ $487,168
Compensation and Service Providers

Board Members and Trustees

NameTitle
Nina ReesPresident & CEO
Eric PaisnerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
ApplecartDigital/website252 W 37TH STREET SUITE 1700 E, New York, NY 10018$200,000
Eric Axel (eca Strategies)Program Consulting7250 DALLAS PARKWAY SUITE 400, Plano, TX 75024$124,077
Red Maple Consulting Llc(p A KirkhamProgram Consulting6929 CONSERVATION DR, Springfield, VA 22153$103,131
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-474,442
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$474,442
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
Fees for Services Other$222,325--$222,325
Other Expenses$19,014--$19,014
Insurance$11,475--$11,475
Fees for Services Accounting$6,145--$6,145
Fees for Services Legal$6,009--$6,009
Travel$5,208--$5,208
Office Expenses$26$4,240-$4,266
Total Functional Expenses$470,202$4,240$0$474,442
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Napcs$28,039
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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
No

Governance Explanations

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

The independent accountant prepares the 990 and sends a draft to csaf. The first review is done by the director of finance, then the treasurer and president. The draft is sent to the board for final approval. The board reviews the draft, and if the board communicates no changes, then approves the 990. The senior director of finance or the treasurer communicates that final draft was approved and the independent accountant files the form with irs.

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

The organization follows the conflicts of interest policy established by the national alliance for public charter schools, a related tax-exempt organization reported on schedule r.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Charter Schools Action Fund
EIN
47-2045681
Phone
2025212848
Address
1425 K STREET NW NO 900, WASHINGTON, DC 20005

Signing Officer

Name
Nina Rees
Title
President
Phone
2025212848
Signed
2019-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nina Rees
Formed
2014
Legal Domicile
Dc
Voting Board Members
2
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Cherry Bekaert Llp
Address
9861 BROKEN LAND PKWY SUITE 202, COLUMBIA, MD 21046
Preparer
Raymond Barbagallo
Phone
3019513636
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Research: program service expenses 222,325. Management and general expenses 0. Fundraising expenses 0. Total expenses 222,325.

Raw XML Appendix362 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/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02014
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt00
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
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IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
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IRS990/IRPDocumentCnt00
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IRS990/MissionDesc0SECURE A SIGNIFICANT INCREASE IN THE FEDERAL CHARTER SCHOOLS PROGRAM WHICH PROVIDES NEEDED FUNDS TO OPEN AND REPLICATE HIGH PERFORMING CHARTER SCHOOLS.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF NAPCS DETERMINES THE COMPENSATION LEVEL FOR THE CEO. ALL OTHER EMPLOYEE COMPENSATION IS SET BY THE CEO AND RESEARCHED USING THE COMPENSATION RESOURCES SURVEY FOR NOT-FOR-PROFIT, PIE SALARY SURVEYS, AND FROM SIMILAR ORGANIZATIONS. IN ADDITION, ALL SALARIES ARE ALSO REVIEWED AND APPROVED DURING THE PROCESS OF REVIEW AND APPROVAL OF OUR ANNUAL OPERATING BUDGET PROCESS. ALL DELIBERATIONS ARE DOCUMENTED IN THE MEETING MINUTES.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART 1, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE INDEPENDENT ACCOUNTANT PREPARES THE 990 AND SENDS A DRAFT TO CSAF. THE FIRST REVIEW IS DONE BY THE DIRECTOR OF FINANCE, THEN THE TREASURER AND PRESIDENT. THE DRAFT IS SENT TO THE BOARD FOR FINAL APPROVAL. THE BOARD REVIEWS THE DRAFT, AND IF THE BOARD COMMUNICATES NO CHANGES, THEN APPROVES THE 990. THE SENIOR DIRECTOR OF FINANCE OR THE TREASURER COMMUNICATES THAT FINAL DRAFT WAS APPROVED AND THE INDEPENDENT ACCOUNTANT FILES THE FORM WITH IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION FOLLOWS THE CONFLICTS OF INTEREST POLICY ESTABLISHED BY THE NATIONAL ALLIANCE FOR PUBLIC CHARTER SCHOOLS, A RELATED TAX-EXEMPT ORGANIZATION REPORTED ON SCHEDULE R.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RESEARCH: PROGRAM SERVICE EXPENSES 222,325. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 222,325.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
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IRS990/WebsiteAddressTxt0N/A
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ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
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ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-13
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ReturnHeader/FilingSecurityInformation/IPTm015:33:42
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0560574444
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ReturnHeader/PreparerPersonGrp/PhoneNum03019513636
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RAYMOND BARBAGALLO
ReturnHeader/ReturnTs02019-11-15T13:28:59-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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