Civic Intelligence

Innovation Education

990 • Fiscal year 2021 • EIN 47-3886933

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 05, 2021

Organization Profilewww.myinnovationeducation.com
42202 50th Street West Suite DQuartz Hill, CA 93536

(661) 582-6006

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.69x

Higher debt load relative to assets than 92% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

89th percentile

0.40x

Higher debt load relative to revenue than 89% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

29th percentile

-5.0%

Higher net margin than 29% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

92nd percentile

153%

Faster asset growth than 92% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

16th percentile

-52%

Faster revenue growth than 16% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$153,404

Up $92,775 (+153%) from 2020

Net Assets

Down

$47,543

Down $13,086 (-22%) from 2020

Liabilities

Up

$105,861

Up $105,861 from 2020

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin29th percentile

Revenue

Down

$261,884

Down $281,012 (-52%) from 2020

Expenses

Down

$274,970

Down $332,404 (-55%) from 2020

Net Income

Up

-$13,086

Up $51,392 (+80%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$600K$400K$200K$0-$200KAssets 2015: $1Liabilities 2015: $02015Assets 2016: $2,088Liabilities 2016: $4,000Net Assets 2016: -$1,9122016Assets 2017: $59,958Liabilities 2017: $0Net Assets 2017: $59,9582017Assets 2018: $103,056Liabilities 2018: $0Net Assets 2018: $103,0562018Assets 2019: $125,107Liabilities 2019: $0Net Assets 2019: $125,1072019Assets 2020: $60,629Liabilities 2020: $0Net Assets 2020: $60,6292020Assets 2021: $153,404Liabilities 2021: $105,861Net Assets 2021: $47,5432021Assets 2022: $161,910Liabilities 2022: $0Net Assets 2022: $161,9102022Assets 2023: $253,270Liabilities 2023: $0Net Assets 2023: $253,2702023Assets 2024: $473,911Liabilities 2024: $0Net Assets 2024: $473,9112024Assets 2025: $540,673Liabilities 2025: $0Net Assets 2025: $540,6732025

Highlighted filing

2021

Assets$153,404
Liabilities$105,861
Net Assets$47,543
Open 2021 Filing

Operations Trend

Revenue Growth16th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $187,374Expenses 2016: $189,286Net Income 2016: -$1,9122016Revenue 2017: $525,442Expenses 2017: $463,572Net Income 2017: $61,8702017Revenue 2018: $614,684Expenses 2018: $571,586Net Income 2018: $43,0982018Revenue 2019: $743,442Expenses 2019: $721,391Net Income 2019: $22,0512019Revenue 2020: $542,896Expenses 2020: $607,374Net Income 2020: -$64,4782020Revenue 2021: $261,884Expenses 2021: $274,970Net Income 2021: -$13,0862021Revenue 2022: $872,294Expenses 2022: $757,927Net Income 2022: $114,3672022Revenue 2023: $1,248,855Expenses 2023: $1,157,495Net Income 2023: $91,3602023Revenue 2024: $1,312,674Expenses 2024: $1,092,033Net Income 2024: $220,6412024Revenue 2025: $1,308,981Expenses 2025: $1,242,219Net Income 2025: $66,7622025

Highlighted filing

2021

Revenue$261,884
Expenses$274,970
Net Income-$13,086
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 5, 2021
Return Version
2020v4.0
Gross Receipts
$261,884
Mission and Program Overview

Mission

To promote positive choices for young adults and provide high quality educational services and support to the public

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$51,099$147,399▲ $96,300
Rtn Earn Endowment Incm Other Fnds$60,629$47,543▼ $13,086
Land, Buildings, and Equipment, Net$8,478$4,952▼ $3,526
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$60,629$153,404▲ $92,775
Other Assets Total$1,052$1,053▲ $1
Liabilities
Other Liabilities-$105,861-
Total Liabilities$0$105,861▲ $105,861
Net Assets / Fund Balance
Total Net Assets Fund Balance$60,629$47,543▼ $13,086
Total Liabilities and Net Assets / Fund Balance$60,629$153,404▲ $92,775

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,836$15,953$19,789
Other Land Buildings$1,116$2,385$3,501
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Karen BarcusPresident
Rhonda LevineDirector
Marvin Barcus-
Laura KonisekSecretary
Marvin BarcusVP & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$15,165
Program Service Revenue
$246,719
Investment Income
$0
Other Revenue
$0
All Other Contributions
$165
Change in Net Assets
$-13,086
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$143,561
Other Expenses$88,089
Grants and Similar Amounts Paid$43,320
Total Fundraising Expense$1,456
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$81,217$828$829$82,874
Current Officers, Directors, Trustees, and Key Employees$40,688$8,610$403$49,701
Grants to Domestic Individuals$43,320--$43,320
Occupancy$36,175--$36,175
Payroll Taxes$10,766$110$110$10,986
Insurance$9,286--$9,286
All Other Expenses$5,988$27$27$6,042
Information Technology$5,417--$5,417
Depreciation Depletion$3,455$35$36$3,526
Advertising$3,318--$3,318
Other Expenses$2,826$31$32$2,826
Fees for Services Accounting$1,833$18$19$1,870
Conferences and Meetings$511--$511
Fees for Services Other$500--$500
Total Functional Expenses$263,855$9,659$1,456$274,970
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan Forgiveness$105,861
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Karen barcus, president, spouse of marvin barcus, vice president and treasurer.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“All directors are provided with a copy of the form 990 prior to filing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The last two years of the foundation's irs form 990 filings are available on guidestar.org's website. All other documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Innovation Education
EIN
47-3886933
Phone
6615826006
Address
42202 50TH STREET WEST SUITE D, QUARTZ HILL, CA 93536

Signing Officer

Name
Karen Barcus
Title
President
Signed
2021-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Barcus
Formed
2014
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
1
Employees
94
Volunteers
4

Preparer

Firm
Aga & Associates Certified Public Accountant
Address
190 SIERRA CT SUITE B108, PALMDALE, CA 93550
Preparer
Godwin Eruaga CPA
Phone
6612731345
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IRS990/Desc0Innovation Education is committed to providing affordable and effective tutoringservices that inspire and motivate students to be life-long learners. We aim toshow honesty and integrity in all that we do, to be positive role models, to enablestudents to believe they can learn, and to make learning fun.
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt015953
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02385
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03501
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0105861
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PPP LOAN FORGIVENESS
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1TUITION ASSISTANCE - HARDSHDISCOUNT
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt018240
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt125080
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0FREE TUITION & FEE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc1DISCOUNT OF TUITION & FEE
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt111
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0ACTUAL COST OF INSTRUCT.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc1ACTUAL COST OF INSTRUCTIO
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KAREN BARCUS, PRESIDENT, SPOUSE OF MARVIN BARCUS, VICE PRESIDENT AND TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DIRECTORS ARE PROVIDED WITH A COPY OF THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE LAST TWO YEARS OF THE FOUNDATION'S IRS FORM 990 FILINGS ARE AVAILABLE ON GUIDESTAR.ORG'S WEBSITE. ALL OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST.
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IRS990/TravelGrp/TotalAmt00
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt042202 50TH STREET WEST SUITE D
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IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd093536
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IRS990/WebsiteAddressTxt0www.myinnovationeducation.com
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
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ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-05
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ReturnHeader/Filer/EIN0473886933
ReturnHeader/Filer/PhoneNum06615826006

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$153,404
Liabilities
$105,861
Net assets
$47,543
Revenue
$261,884
Expenses
$274,970
Net income
-$13,086
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.00$0.54$1.31$1.24$0.07
2024Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$1.31$1.09$0.22
2023Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$1.25$1.16$0.09
2022Detailed filing. Detailed filing data is available for this year.$0.16$0.00$0.16$0.87$0.76$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.15$0.11$0.05$0.26$0.27$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.54$0.61$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.74$0.72$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.61$0.57$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.53$0.46$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.19$0.19$0.00
2015Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00