Civic Intelligence

Innovation Education

990 • Fiscal year 2024 • EIN 47-3886933

Jul 01, 2023 to Jun 30, 2024 • Filed on Dec 16, 2024

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

(661) 718-3699

Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

70th percentile

17%

Higher net margin than 70% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

67th percentile

$100,593

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 7.7% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

94th percentile

87%

Faster asset growth than 94% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

45th percentile

5.1%

Faster revenue growth than 45% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$473,911

Up $220,641 (+87%) from 2023

Net Assets

Up

$473,911

Up $220,641 (+87%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin70th percentile

Revenue

Up

$1,312,674

Up $63,819 (+5.1%) from 2023

Expenses

Down

$1,092,033

Down $65,462 (-5.7%) from 2023

Net Income

Up

$220,641

Up $129,281 (+142%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth94th 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

2024

Assets$473,911
Liabilities$0
Net Assets$473,911
Open 2024 Filing

Operations Trend

Revenue Growth45th 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

2024

Revenue$1,312,674
Expenses$1,092,033
Net Income$220,641
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Dec 16, 2024
Return Version
2023v5.1
Gross Receipts
$1,312,674
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
Rtn Earn Endowment Incm Other Fnds$253,270$473,911▲ $220,641
Cash and Non-Interest-Bearing Accounts$241,717$466,674▲ $224,957
Land, Buildings, and Equipment, Net$10,500$6,184▼ $4,316
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$253,270$473,911▲ $220,641
Other Assets Total$1,053$1,053→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$253,270$473,911▲ $220,641
Total Liabilities and Net Assets / Fund Balance$253,270$473,911▲ $220,641

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,458$26,777$31,235
Other Land Buildings$1,726$4,805$6,531
Compensation and Service Providers
Top Officer Pay67th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Karen BarcusPresidentFT$100,593$100,593
Rhonda LevineDirectorFT$43,619$43,619
Laura KonisekDirectorPT$7,380$7,380
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,312,674
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$220,641
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$785,777
Other Expenses$232,676
Grants and Similar Amounts Paid$73,580
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$540,437--$540,437
Current Officers, Directors, Trustees, and Key Employees$148,820$3,072-$151,892
Payroll Taxes$74,152--$74,152
Grants to Domestic Individuals$72,888--$72,888
Occupancy$57,830--$57,830
Insurance$34,835--$34,835
All Other Expenses$21,298--$21,298
Other Employee Benefits$19,296--$19,296
Other Expenses$13,222--$13,222
Office Expenses$12,664--$12,664
Advertising$10,430--$10,430
Information Technology$6,356--$6,356
Depreciation Depletion$4,316--$4,316
Fees for Services Accounting$2,497--$2,497
Grants to Domestic Orgs$692--$692
Travel$182--$182
Fees for Services Other$12--$12
Total Functional Expenses$1,088,961$3,072$0$1,092,033
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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

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

Form 990, Part VI, Section C, Line 19

“The last two years of the organization'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
6617183699
Address
42202 50TH STREET WEST SUITE D, QUARTZ HILL, CA 93536

Signing Officer

Name
Karen Barcus
Title
President
Signed
2024-12-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Barcus
Formed
2014
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
0
Employees
102

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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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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IRS990ScheduleD/EquipmentGrp/DepreciationAmt026777
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt031235
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01726
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04805
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06531
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt022
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0ACTUAL COST OF INSTRUCT.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL DIRECTORS ARE PROVIDED WITH A COPY OF THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE LAST TWO YEARS OF THE ORGANIZATION'S IRS FORM 990 FILINGS ARE AVAILABLE ON GUIDESTAR.ORG'S WEBSITE. ALL OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-12-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INNOVATION EDUCATION
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0190 SIERRA CT SUITE B108
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PALMDALE
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd093550
ReturnHeader/PreparerPersonGrp/PhoneNum06612731345
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GODWIN ERUAGA CPA
ReturnHeader/ReturnTs02024-12-16T09:53:59-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$473,911
Liabilities
$0
Net assets
$473,911
Revenue
$1,312,674
Expenses
$1,092,033
Net income
$220,641
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