Civic Intelligence

Equipo Academy

990 • Fiscal year 2024 • EIN 47-3706052

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 20, 2025

4131 E Bonanza RdLas Vegas, NV 89110

(702) 907-0432

Siviq Scores

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

Liabilities / Assets

98th percentile

1.34x

Higher debt load relative to assets than 98% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

87th percentile

1.76x

Higher debt load relative to revenue than 87% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

15th percentile

-14%

Higher net margin than 15% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

53rd percentile

$193,667

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

11th percentile

-8.5%

Faster asset growth than 11% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

77th percentile

30%

Faster revenue growth than 77% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$15,191,572

Down $1,405,647 (-8.5%) from 2023

Net Assets

Down

-$5,155,433

Down $1,564,001 (-44%) from 2023

Liabilities

Up

$20,347,005

Up $158,354 (+0.8%) from 2023

Revenue

Up

$11,537,416

Up $2,674,257 (+30%) from 2023

Expenses

Up

$13,101,417

Up $2,298,852 (+21%) from 2023

Net Income

Up

-$1,564,001

Up $375,405 (+19%) from 2023

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2015: $94,428Liabilities 2015: $11,325Net Assets 2015: $83,1032015Assets 2016: $1,232,018Liabilities 2016: $467,635Net Assets 2016: $764,3832016Assets 2017: $3,511,351Liabilities 2017: $2,981,455Net Assets 2017: $529,8962017Assets 2018: $4,647,979Liabilities 2018: $4,771,357Net Assets 2018: -$123,3782018Assets 2019: $5,289,739Liabilities 2019: $6,029,573Net Assets 2019: -$739,8342019Assets 2020: $5,928,772Liabilities 2020: $7,260,595Net Assets 2020: -$1,331,8232020Assets 2021: $5,537,300Liabilities 2021: $6,697,918Net Assets 2021: -$1,160,6182021Assets 2022: $17,787,484Liabilities 2022: $19,439,510Net Assets 2022: -$1,652,0262022Assets 2023: $16,597,219Liabilities 2023: $20,188,651Net Assets 2023: -$3,591,4322023Assets 2024: $15,191,572Liabilities 2024: $20,347,005Net Assets 2024: -$5,155,4332024Assets 2025: $15,654,233Liabilities 2025: $20,059,870Net Assets 2025: -$4,405,6372025

Highlighted filing

2024

Assets$15,191,572
Liabilities$20,347,005
Net Assets-$5,155,433

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2015: $110,200Expenses 2015: $27,097Net Income 2015: $83,1032015Revenue 2016: $3,509,895Expenses 2016: $2,828,615Net Income 2016: $681,2802016Revenue 2017: $4,389,803Expenses 2017: $4,624,290Net Income 2017: -$234,4872017Revenue 2018: $5,462,773Expenses 2018: $5,876,334Net Income 2018: -$413,5612018Revenue 2019: $6,161,463Expenses 2019: $6,777,919Net Income 2019: -$616,4562019Revenue 2020: $7,188,039Expenses 2020: $7,780,028Net Income 2020: -$591,9892020Revenue 2021: $8,383,335Expenses 2021: $8,212,130Net Income 2021: $171,2052021Revenue 2022: $8,663,553Expenses 2022: $9,154,961Net Income 2022: -$491,4082022Revenue 2023: $8,863,159Expenses 2023: $10,802,565Net Income 2023: -$1,939,4062023Revenue 2024: $11,537,416Expenses 2024: $13,101,417Net Income 2024: -$1,564,0012024Revenue 2025: $12,751,358Expenses 2025: $12,001,562Net Income 2025: $749,7962025

Highlighted filing

2024

Revenue$11,537,416
Expenses$13,101,417
Net Income-$1,564,001
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 20, 2025
Return Version
2023v6.0
Gross Receipts
$11,537,416
Mission and Program Overview

Mission

To empower students to meet high expectations, excel to and through college, and become transformational leaders for east las vegas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets-$9,112,142-
Accounts Receivable$537,872$1,406,670▲ $868,798
Land, Buildings, and Equipment, Net$10,381,862$714,611▼ $9,667,251
Cash and Non-Interest-Bearing Accounts$284,470$133,142▼ $151,328
Prepaid Expenses and Deferred Charges$16,788$5,480▼ $11,308
Total Assets$16,597,219$15,191,572▼ $1,405,647
Other Assets Total$5,376,227$3,819,527▼ $1,556,700
Liabilities
Other Liabilities$19,424,258$9,440,387▼ $9,983,871
Mortgage Notes Payable Secured by Investment Property-$9,403,100-
Accounts Payable and Accrued Expenses$764,393$1,503,518▲ $739,125
Total Liabilities$20,188,651$20,347,005▲ $158,354
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-3,591,432$-5,155,433▼ $1,564,001
Total Net Assets Fund Balance$-3,591,432$-5,155,433▼ $1,564,001
Total Liabilities and Net Assets / Fund Balance$16,597,219$15,191,572▼ $1,405,647

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$576,214$1,157,814$1,734,028
Leasehold Improvements$138,397$258,647$397,044
Other Assets Org$3,819,527--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ben SalkowePrincipalFT$139,260$54,407$193,667
Alyse Marie SobosanDirector of College AccessFT$120,600$46,067$166,667
Robyn ReddingDirector of DiversityFT$102,428$41,506$143,934
Anna ParraDean of StudentsFT$101,763$41,283$143,046
James ZawPrincipal-in-residenceFT$100,107$39,202$139,309
Emily BassierPrincipalFT$81,032$38,531$119,563

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$11,537,416
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$116,378
Change in Net Assets
$-1,564,001

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,537,416
Total Revenue per Audited Statements
$11,537,416
Total Revenue per Form 990
$11,537,416
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,222,402
Other Expenses$3,879,015
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,001,829$1,472,471-$5,474,300
Pension Plan Contributions$770,229$2,187,609-$2,957,838
Depreciation Depletion$927,300$103,033-$1,030,333
Other Expenses$126,718$729,523-$856,241
Fees for Services Other$261,500$467,600-$729,100
Occupancy$618,152$68,684-$686,836
Other Employee Benefits$123,874$399,175-$523,049
Interest$260,874$28,986-$289,860
Payroll Taxes$37,481$110,171-$147,652
Insurance-$134,094-$134,094
Current Officers, Directors, Trustees, and Key Employees-$119,563-$119,563
Information Technology$89,836--$89,836
Office Expenses-$62,315-$62,315
Advertising-$400-$400
Total Functional Expenses$7,217,793$5,883,624$0$13,101,417

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$13,101,417
Total Expenses per Audited Statements$13,101,417
Total Expenses per Form 990$13,101,417
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$9,012,216
Deferred Inflows$428,171
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

Committee meeting documentation Part VI line 8B

There are no committees with authority to act on behalf of the board.

Form 990 governing body review Part VI line 11

The principal, financial consultant and board will review the form 990. The board of trustees will approve the form 990 prior to filing.

Conflict of interest policy compliance Part VI line 12C

The board signs the conflict of interest policy annually.

CEO executive director top management comp Part VI line 15A

The board reviews salaries for key employees using comparative data from the local school district and other charter schools, as well as through other independent information.

Other officer or key employee compensation Part VI line 15B

The board reviews salaries for key employees using comparative data from the local school district and other charter schools, as well as through other independent information.

Governing documents etc available to public Part VI line 19

The organization makes its governing documents, conflict of interest policy, and financial statements avaliable to the public upon request.

Filing and Contact Details

Filer

Filer Name
Equipo Academy
EIN
47-3706052
Address
4131 E BONANZA RD, LAS VEGAS, NV 89110

Signing Officer

Name
Emily Bassier
Title
Principal
Phone
7029070432
Signed
2025-01-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Emily Bassier
Formed
2015
Legal Domicile
Nv
Voting Board Members
6
Independent Board Members
6
Employees
105
Volunteers
10

Preparer

Firm
Velez & Hardy CPAs
Address
8345 W Sunset Rd, Las Vegas, NV 89113
Preparer
Brian Hardy
Phone
7259003040
Supplemental Narrative

Additional Explanations

Other or change in accounting method Part XII line 1

The school has continuously been using accrual as the accounting method but the cash box was marked for prior year. The school will continue to use the accrual basis of accounting to ensure consistency with the financial statements.

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IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0770229
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0258647
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt04B - NOT APPLICABLE. AS A TUITION FREE PUBLIC CHARTER SCHOOL, NO FINANCIAL ASSISTANCE IS PROVIDED.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ACADEMY RECEIVES GOVERNMENT FUNDING BASED ON AVERAGE DAILY ENROLLMENT THROUGH THE STATE OF NEVADA.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION POSTS ON ITS WEBSITE THAT IT IS AN EQUAL OPPORTUNITY SCHOOL THAT DOES NOT DISCRIMINATE BASED ON RACE, COLOR, RELIGION, GENDER, SEXUAL ORIENTATION, NATIONALITY, AGE, DISABILITY, MARTIAL, MILITARY STATUS, OR ANOTHER DISCRIMINATORY BASIS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Record maintenances (Questions 4a, 4b, 4c or 4d)
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Governmental Agency Financial Aid (Questions 6a and 6b)
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of nondiscriminatory policy (Question 3)
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt140401
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt15666
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BEN SALKOWE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ALYSE MARIE SOBOSAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRINCIPAL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DIRECTOR OF COLLEGE ACCESS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRINCIPAL, FINANCIAL CONSULTANT AND BOARD WILL REVIEW THE FORM 990. THE BOARD OF TRUSTEES WILL APPROVE THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD SIGNS THE CONFLICT OF INTEREST POLICY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD REVIEWS SALARIES FOR KEY EMPLOYEES USING COMPARATIVE DATA FROM THE LOCAL SCHOOL DISTRICT AND OTHER CHARTER SCHOOLS, AS WELL AS THROUGH OTHER INDEPENDENT INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD REVIEWS SALARIES FOR KEY EMPLOYEES USING COMPARATIVE DATA FROM THE LOCAL SCHOOL DISTRICT AND OTHER CHARTER SCHOOLS, AS WELL AS THROUGH OTHER INDEPENDENT INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVALIABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE SCHOOL HAS CONTINUOUSLY BEEN USING ACCRUAL AS THE ACCOUNTING METHOD BUT THE CASH BOX WAS MARKED FOR PRIOR YEAR. THE SCHOOL WILL CONTINUE TO USE THE ACCRUAL BASIS OF ACCOUNTING TO ENSURE CONSISTENCY WITH THE FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other or change in accounting method Part XII line 1
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IRS990/TotalLiabilitiesEOYAmt020347005
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