Civic Intelligence

Excelsior Charter Group

990 • Fiscal year 2017 • EIN 47-4577793

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

15505 Civic DriveVictorville, CA 92392

(760) 245-4262

Siviq Scores

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

Liabilities / Assets

48th percentile

0.08x

Higher debt load relative to assets than 48% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

47th percentile

0.08x

Higher debt load relative to revenue than 47% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

91st percentile

48%

Higher net margin than 91% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

96th percentile

111%

Faster asset growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

93rd percentile

106%

Faster revenue growth than 93% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$4,148,318

Up $2,181,635 (+111%) from 2016

Net Assets

Up

$3,802,005

Up $1,835,322 (+93%) from 2016

Liabilities

Up

$346,313

Up $346,313 from 2016

Revenue

Up

$4,125,990

Up $2,123,253 (+106%) from 2016

Expenses

Up

$2,163,260

Up $2,127,206 (+5900%) from 2016

Net Income

Down

$1,962,730

Down $3,953 (-0.2%) from 2016

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2015: $1Liabilities 2015: $02015Assets 2016: $1,966,683Liabilities 2016: $0Net Assets 2016: $1,966,6832016Assets 2017: $4,148,318Liabilities 2017: $346,313Net Assets 2017: $3,802,0052017Assets 2018: $4,137,170Liabilities 2018: $250,882Net Assets 2018: $3,886,2882018Assets 2019: $4,579,194Liabilities 2019: $413,917Net Assets 2019: $4,165,2772019Assets 2020: $7,187,699Liabilities 2020: $2,603,590Net Assets 2020: $4,584,1092020Assets 2021: $7,432,677Liabilities 2021: $1,904,874Net Assets 2021: $5,527,8032021Assets 2022: $8,935,665Liabilities 2022: $3,051,033Net Assets 2022: $5,884,6322022Assets 2023: $9,668,082Liabilities 2023: $2,794,948Net Assets 2023: $6,873,1342023Assets 2024: $15,161,725Liabilities 2024: $7,187,220Net Assets 2024: $7,974,5052024

Highlighted filing

2017

Assets$4,148,318
Liabilities$346,313
Net Assets$3,802,005

Operations Trend

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

$6.0M$4.0M$2.0M$0Revenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $2,002,737Expenses 2016: $36,054Net Income 2016: $1,966,6832016Revenue 2017: $4,125,990Expenses 2017: $2,163,260Net Income 2017: $1,962,7302017Revenue 2018: $2,577,091Expenses 2018: $2,492,808Net Income 2018: $84,2832018Revenue 2019: $2,778,947Expenses 2019: $2,499,958Net Income 2019: $278,9892019Revenue 2020: $2,870,122Expenses 2020: $2,451,290Net Income 2020: $418,8322020Revenue 2021: $3,516,558Expenses 2021: $2,610,735Net Income 2021: $905,8232021Revenue 2022: $3,396,344Expenses 2022: $3,039,515Net Income 2022: $356,8292022Revenue 2023: $4,302,192Expenses 2023: $3,327,864Net Income 2023: $974,3282023Revenue 2024: $5,454,963Expenses 2024: $4,362,880Net Income 2024: $1,092,0832024

Highlighted filing

2017

Revenue$4,125,990
Expenses$2,163,260
Net Income$1,962,730
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.0
Gross Receipts
$4,125,990
Mission and Program Overview

Mission

To promote, support, benefit, replicate, and carry out the purposes of EEC and Excelsior charter schools or other educational programs as may be established to provide education based on the Excelsior model; and to promote, support, benefit, develop, oeprate or provide leadership education, program development, research and professional development to public charter schools or other schools, youth or community programs, or other activities that educate and serve students, children, families or communities.

Excelsior Charter Group (ECG) was created to promote EEC, Excelsior charter schools and other programs based on the Excelsior model as well as provide support and development focused on community education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,766,683$3,310,296▲ $1,543,613
Savings and Temporary Cash Investments-$725,157-
Cash and Non-Interest-Bearing Accounts$200,000$76,046▼ $123,954
Prepaid Expenses and Deferred Charges-$36,596-
Accounts Receivable-$223-
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-
Total Assets$1,966,683$4,148,318▲ $2,181,635
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses-$346,313-
Total Liabilities$0$346,313▲ $346,313
Net Assets / Fund Balance
Unrestricted Net Assets$1,966,683$3,802,005▲ $1,835,322
Total Net Assets Fund Balance$1,966,683$3,802,005▲ $1,835,322
Total Liabilities and Net Assets / Fund Balance$1,966,683$4,148,318▲ $2,181,635

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,897,729$198,865$2,096,594
Land$1,292,040-$1,292,040
Leasehold Improvements$66,603-$66,603
Equipment$53,924$7,624$61,548
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alicia AndersonCOOPT$162,927$12,785$175,712

Board Members and Trustees

NameTitle
Laura NancePresident
Navid McCarthyDirector
Suzanne Pacini-PercivalSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,569,875
Program Service Revenue
$2,554,506
Investment Income
$1,609
Other Revenue
$0
Change in Net Assets
$1,962,730

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial1$1,569,875Cost
Total Noncash Contributions1$1,569,875-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,794,062
Other Expenses$369,198
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$952,850$105,872-$1,058,722
Other Employee Benefits$264,731$29,415-$294,146
Current Officers, Directors, Trustees, and Key Employees$175,712--$175,712
Pension Plan Contributions$126,827$14,092-$140,919
Fees for Services Other$126,450$14,049-$140,499
Payroll Taxes$112,107$12,456-$124,563
Depreciation Depletion$87,141$9,682-$96,823
Conferences and Meetings$40,152$4,461-$44,613
Office Expenses$19,073$2,119-$21,192
Fees for Services Legal$14,998$1,666-$16,664
Other Expenses$13,816$1,535-$15,351
Occupancy$11,135$1,237-$12,372
Information Technology$9,230$1,025-$10,255
Insurance$6,080$676-$6,756
Travel$4,206$467-$4,673
Total Functional Expenses$1,964,508$198,752$0$2,163,260
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
Annual disclosure for covered persons
Yes
Backup withholding compliance
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, Part VI, Line 11B: Form 990 Review Process

Cpa firm will forward a draft copy of the 990 tax return to the chief operating officer (coo). The coo distributes it to the board of directors. Once approved, the cpa firm will file the return on the organization's behalf.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board members and management are required to disclose annually interests that could give rise to conflicts. Statements are reviewed annually.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

There is a review and approval by independent persons. Review of local salary comparable data, including approval by management, the board of directors, etc.

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

Governing documents, tax forms and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Excelsior Charter Group
EIN
47-4577793
Phone
7602454262
Address
15505 Civic Drive, Victorville, CA 92392

Signing Officer

Name
Alicia Anderson
Title
CFO
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
2015
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
2
Employees
27

Preparer

Firm
Christy White Associates
Address
348 Olive Street, San Diego, CA 92103
Preparer
Christy White CPA
Phone
6192708222
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/BookValueAmt01897729
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0198865
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IRS990ScheduleD/EquipmentGrp/BookValueAmt053924
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07624
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt061548
IRS990ScheduleD/LandGrp/BookValueAmt01292040
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01292040
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt121337
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Alicia Anderson
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Navid McCarthy
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0COO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Director
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CPA FIRM WILL FORWARD A DRAFT COPY OF THE 990 TAX RETURN TO THE CHIEF OPERATING OFFICER (COO). THE COO DISTRIBUTES IT TO THE BOARD OF DIRECTORS. ONCE APPROVED, THE CPA FIRM WILL FILE THE RETURN ON THE ORGANIZATION'S BEHALF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members and management are required to disclose annually interests that could give rise to conflicts. Statements are reviewed annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2There is a review and approval by independent persons. Review of local salary comparable data, including approval by management, the board of directors, etc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents, tax forms and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt02554506
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt11569875
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0mgmt fees
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1asset transfer
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1EEC dba excelsior charter schools
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