Civic Intelligence

Butterflies Academy

990 • Fiscal year 2019 • EIN 47-4666290

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 24, 2020

Organization Profilebutterfliesacademy.com
200 Winchester Cir Unit C325Los Gatos, CA 95032

(408) 867-3772

Siviq Scores

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

Liabilities / Assets

69th percentile

0.02x

Higher debt load relative to assets than 69% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

64th percentile

0.01x

Higher debt load relative to revenue than 64% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

73rd percentile

17%

Higher net margin than 73% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

96th percentile

$70,000

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 21.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

80th percentile

35%

Faster asset growth than 80% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

89th percentile

64%

Faster revenue growth than 89% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$116,983

Up $30,263 (+35%) from 2018

Net Assets

Up

$114,277

Up $72,713 (+175%) from 2018

Liabilities

Down

$2,706

Down $42,450 (-94%) from 2018

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin73rd percentile

Revenue

Up

$332,651

Up $129,724 (+64%) from 2018

Expenses

Up

$275,205

Up $118,202 (+75%) from 2018

Net Income

Up

$57,446

Up $11,522 (+25%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2017: $81,226Liabilities 2017: $83,911Net Assets 2017: -$2,6852017Assets 2018: $86,720Liabilities 2018: $45,156Net Assets 2018: $41,5642018Assets 2019: $116,983Liabilities 2019: $2,706Net Assets 2019: $114,2772019Assets 2020: $176,089Liabilities 2020: $119,194Net Assets 2020: $56,8952020Assets 2021: $401,041Liabilities 2021: $154,328Net Assets 2021: $246,7132021Assets 2022: $980,407Liabilities 2022: $523,582Net Assets 2022: $456,8252022Assets 2023: $973,048Liabilities 2023: $472,256Net Assets 2023: $500,7922023Assets 2024: $993,310Liabilities 2024: $922,830Net Assets 2024: $70,4802024Assets 2025: $1,240,402Liabilities 2025: $426,695Net Assets 2025: $813,7072025

Highlighted filing

2019

Assets$116,983
Liabilities$2,706
Net Assets$114,277
Open 2019 Filing

Operations Trend

Revenue Growth89th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2017: $71,467Expenses 2017: $49,807Net Income 2017: $21,6602017Revenue 2018: $202,927Expenses 2018: $157,003Net Income 2018: $45,9242018Revenue 2019: $332,651Expenses 2019: $275,205Net Income 2019: $57,4462019Revenue 2020: $203,744Expenses 2020: $211,091Net Income 2020: -$7,3472020Revenue 2021: $472,566Expenses 2021: $366,707Net Income 2021: $105,8592021Revenue 2022: $703,381Expenses 2022: $458,537Net Income 2022: $244,8442022Revenue 2023: $678,636Expenses 2023: $596,849Net Income 2023: $81,7872023Revenue 2024: $572,145Expenses 2024: $516,912Net Income 2024: $55,2332024Revenue 2025: $589,922Expenses 2025: $615,116Net Income 2025: -$25,1942025

Highlighted filing

2019

Revenue$332,651
Expenses$275,205
Net Income$57,446
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 24, 2020
Return Version
2019v5.1
Gross Receipts
$332,651
Mission and Program Overview

Mission

Education to Low Income and Foster Children Butterflies Acadamy mission is to provide reduced rate preschool

Butterfiled academy's mission is to provide reduced rate preschool education to low income and foster children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$41,564$114,277▲ $72,713
Land, Buildings, and Equipment, Net$58,651$56,181▼ $2,470
Cash and Non-Interest-Bearing Accounts$16,160$50,596▲ $34,436
Intangible Assets$4,479$4,134▼ $345
Accounts Receivable$7,430$3,923▼ $3,507
Total Assets$86,720$116,983▲ $30,263
Other Assets Total-$2,149-
Liabilities
Other Liabilities$45,156$2,706▼ $42,450
Total Liabilities$45,156$2,706▼ $42,450
Net Assets / Fund Balance
Total Net Assets Fund Balance$41,564$114,277▲ $72,713
Total Liabilities and Net Assets / Fund Balance$86,720$116,983▲ $30,263

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$56,181$14,917-
Other Assets Org$2,149--
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Farinaz AzarchehrDirector, Secretary, and CFOFT$60,000$10,000$70,000

Board Members and Trustees

NameTitle
Hicham JorioCEO
Revenue and Support

Revenue Composition

Contributions and Grants
$97,370
Program Service Revenue
$235,281
Investment Income
$0
Other Revenue
$0
All Other Contributions
$97,370
Change in Net Assets
$57,446
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$204,302
Salaries, Compensation, and Employee Benefits$70,903
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$124,794$1,410$0$126,204
Current Officers, Directors, Trustees, and Key Employees$60,000$0$0$60,000
Occupancy$31,607$3,177$0$34,784
Office Expenses$12,315$35$0$12,350
Travel$0$11,170$0$11,170
Advertising$9,874$0$0$9,874
Payroll Taxes$6,288$0$0$6,288
Depreciation Depletion$4,831$345$0$5,176
Other Employee Benefits$4,615$0$0$4,615
Other Expenses$2,235$557$0$2,792
Information Technology$0$1,157$0$1,157
Insurance$795$0$0$795
Total Functional Expenses$257,354$17,851$0$275,205
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
Credit Cards$7,690
Other Current Liabilities$-4,984
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
Filing and Contact Details

Filer

Filer Name
Butterflies Academy
EIN
47-4666290
Phone
4088673772
Address
200 WINCHESTER CIR UNIT C325, Los Gatos, CA 95032

Signing Officer

Name
Farinaz Azarchehr
Title
Director
Phone
4088673772
Signed
2020-04-24

Organization Details

Principal Officer
Farinaz Azarchehr
Formed
2015
Legal Domicile
CA
Voting Board Members
2
Independent Board Members
1
Employees
1
Volunteers
0

Preparer

Firm
Rlytaxes Inc
Address
744 SULLIVAN WAY, GILROY, CA 95020-4182
Preparer
Rudulf Ly Ea
Phone
4086749264
Supplemental Narrative

Additional Explanations

Pt VI, Line 8B

“Organization does not have a committee with authority to act on behalf of the governing body.”

Pt VI, Line 11B

“Copy of 990 is provided to members of governing body for review before signing/filing.”

Pt VI, Line 12C

“Organization enforces compliance with the policy by meeting every other month to review the policy and ways policy can be monitored and enforced.”

Pt VI, Line 15A

“The board of director decides on compensation after researching market rate for similar positions.”

Pt VI, Line 15B

“The board of director decides on compensation after researching market rate for similar positions.”

Pt XI

“BOOK EQUITY ADJUSTMENTS”

Form 990, Part IX, Line 11G

“Independent contractor teachers 121377. 121377. 0. 0.”

Form 990, Part IX, Line 11G

“Professional services 3417. 3417. 0. 0.”

Form 990, Part IX, Line 11G

“Day worker 1410. 0. 1410. 0.”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION ENFORCES COMPLIANCE WITH THE POLICY BY MEETING EVERY OTHER MONTH TO REVIEW THE POLICY AND WAYS POLICY CAN BE MONITORED AND ENFORCED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTOR DECIDES ON COMPENSATION AFTER RESEARCHING MARKET RATE FOR SIMILAR POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTOR DECIDES ON COMPENSATION AFTER RESEARCHING MARKET RATE FOR SIMILAR POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOOK EQUITY ADJUSTMENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6INDEPENDENT CONTRACTOR TEACHERS 121377. 121377. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PROFESSIONAL SERVICES 3417. 3417. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DAY WORKER 1410. 0. 1410. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt086720
IRS990/TotalAssetsEOYAmt0116983
IRS990/TotalAssetsGrp/BOYAmt086720
IRS990/TotalAssetsGrp/EOYAmt0116983
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt097370
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017851
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0257354
IRS990/TotalFunctionalExpensesGrp/TotalAmt0275205
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt045156
IRS990/TotalLiabilitiesEOYAmt02706
IRS990/TotalLiabilitiesGrp/BOYAmt045156
IRS990/TotalLiabilitiesGrp/EOYAmt02706
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt041564
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0114277
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0257354
IRS990/TotalProgramServiceRevenueAmt0235281
IRS990/TotalReportableCompFromOrgAmt060000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0235281
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0332651
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt086720
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0116983
IRS990/TotReportableCompRltdOrgAmt010000
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt011170
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt011170
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0200 WINCHESTER CIR UNIT C325
IRS990/USAddress/CityNm0LOS GATOS
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd095032
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0butterfliesacademy.com
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/PersonNm0FARINAZ AZARCHEHR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04088673772
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BUTTERFLIES ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0BUTT
ReturnHeader/Filer/EIN0474666290
ReturnHeader/Filer/PhoneNum04088673772
ReturnHeader/Filer/USAddress/AddressLine1Txt0200 WINCHESTER CIR UNIT C325
ReturnHeader/Filer/USAddress/CityNm0Los Gatos
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd095032
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId041C11E2FE5FE44A3FC5A58A93F30B9B33389EEB3
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId041C11E2FE5FE44A3FC5A58A93F30B9B33389EEB3
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.141.174.45
ReturnHeader/FilingSecurityInformation/IPDt02020-04-25
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm023:38:13
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RLYTAXES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0744 SULLIVAN WAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GILROY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0950204182
ReturnHeader/PreparerPersonGrp/PhoneNum04086749264
ReturnHeader/PreparerPersonGrp/PreparationDt02020-04-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RUDULF LY EA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-04-25T23:38:23-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$116,983
Liabilities
$2,706
Net assets
$114,277
Revenue
$332,651
Expenses
$275,205
Net income
$57,446
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.24$0.43$0.81$0.59$0.62$0.03
2024Detailed filing. Detailed filing data is available for this year.$0.99$0.92$0.07$0.57$0.52$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.97$0.47$0.50$0.68$0.60$0.08
2022Detailed filing. Detailed filing data is available for this year.$0.98$0.52$0.46$0.70$0.46$0.24
2021Detailed filing. Detailed filing data is available for this year.$0.40$0.15$0.25$0.47$0.37$0.11
2020Detailed filing. Detailed filing data is available for this year.$0.18$0.12$0.06$0.20$0.21$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.11$0.33$0.28$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.09$0.05$0.04$0.20$0.16$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.08$0.08$0.00$0.07$0.05$0.02