Civic Intelligence

River Islands Technology Academy #2

990 • Fiscal year 2021 • EIN 47-5327392

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 04, 2022

1175 Marina DriveLathrop, CA 95330

(209) 229-4700

Siviq Scores

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

Liabilities / Assets

48th percentile

0.15x

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

36th percentile

0.12x

Higher debt load relative to revenue than 36% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

68th percentile

23%

Higher net margin than 68% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

50th percentile

$171,598

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

94th percentile

75%

Faster asset growth than 94% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

86th percentile

76%

Faster revenue growth than 86% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$14,182,041

Up $6,089,837 (+75%) from 2020

Net Assets

Up

$12,033,745

Up $5,191,489 (+76%) from 2020

Liabilities

Up

$2,148,296

Up $898,348 (+72%) from 2020

Revenue

Up

$17,501,325

Up $7,582,450 (+76%) from 2020

Expenses

Up

$13,396,178

Up $6,290,266 (+89%) from 2020

Net Income

Up

$4,105,147

Up $1,292,184 (+46%) from 2020

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2017: $2,999,294Liabilities 2017: $1,069,403Net Assets 2017: $1,929,8912017Assets 2018: $3,532,476Liabilities 2018: $958,340Net Assets 2018: $2,574,1362018Assets 2019: $5,269,069Liabilities 2019: $1,239,776Net Assets 2019: $4,029,2932019Assets 2020: $8,092,204Liabilities 2020: $1,249,948Net Assets 2020: $6,842,2562020Assets 2021: $14,182,041Liabilities 2021: $2,148,296Net Assets 2021: $12,033,7452021Assets 2022: $18,676,618Liabilities 2022: $3,632,066Net Assets 2022: $15,044,5522022Assets 2023: $27,017,873Liabilities 2023: $8,071,264Net Assets 2023: $18,946,6092023Assets 2024: $33,033,333Liabilities 2024: $6,669,463Net Assets 2024: $26,363,8702024

Highlighted filing

2021

Assets$14,182,041
Liabilities$2,148,296
Net Assets$12,033,745

Operations Trend

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

$40M$30M$20M$10M$0Revenue 2017: $6,344,705Expenses 2017: $4,414,561Net Income 2017: $1,930,1442017Revenue 2018: $6,519,717Expenses 2018: $5,875,472Net Income 2018: $644,2452018Revenue 2019: $7,661,449Expenses 2019: $6,206,292Net Income 2019: $1,455,1572019Revenue 2020: $9,918,875Expenses 2020: $7,105,912Net Income 2020: $2,812,9632020Revenue 2021: $17,501,325Expenses 2021: $13,396,178Net Income 2021: $4,105,1472021Revenue 2022: $18,454,978Expenses 2022: $15,444,171Net Income 2022: $3,010,8072022Revenue 2023: $32,465,674Expenses 2023: $28,563,616Net Income 2023: $3,902,0582023Revenue 2024: $38,954,422Expenses 2024: $31,537,161Net Income 2024: $7,417,2612024

Highlighted filing

2021

Revenue$17,501,325
Expenses$13,396,178
Net Income$4,105,147
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 4, 2022
Return Version
2020v4.2
Gross Receipts
$17,501,325
Mission and Program Overview

Mission

To provide each student with a safe, supportive, character building, orderly educational environment in which each student can achieve his/her potential through specialized technology based curriculum and experiential learning opportunities.

To provide each student with a safe, supportive, character building, orderly education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,509,241$7,299,790▲ $790,549
Accounts Receivable$1,440,253$6,178,026▲ $4,737,773
Land, Buildings, and Equipment, Net$51,892$662,324▲ $610,432
Prepaid Expenses and Deferred Charges$90,818$41,901▼ $48,917
Total Assets$8,092,204$14,182,041▲ $6,089,837
Liabilities
Accounts Payable and Accrued Expenses$336,716$1,467,337▲ $1,130,621
Unsecured Notes Loans Payable$913,232--
Deferred Revenue-$680,959-
Total Liabilities$1,249,948$2,148,296▲ $898,348
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,842,256$12,033,745▲ $5,191,489
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$6,842,256$12,033,745▲ $5,191,489
Total Liabilities and Net Assets / Fund Balance$8,092,204$14,182,041▲ $6,089,837

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$649,284$212,558$861,842
Equipment$13,040$25,018$38,058
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Brenda SchollExecutive DirectorFT$171,598$171,598
Kristen WentworthTeacherFT$125,744$125,744
Michelle Lynn CrippenPrincipalFT$117,369$117,369
Angel MendozaPrincipalFT$107,720$107,720

Board Members and Trustees

NameTitle
Susan Dell-ossoBoard President
Gene NeelyBoard Vice President
Joshua AndersonBoard Member
Satinder SinghBoard Member
Telka WalserBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Sterling Computers CompJanitorialPO BOX 77841, Stockton, CA 95267$143,597
-ConsultingPO BOX 310359, Des Moines, IA 50331$117,610
Revenue and Support

Revenue Composition

Contributions and Grants
$17,495,856
Program Service Revenue
$0
Investment Income
$5,469
Other Revenue
$0
All Other Contributions
$1,084,734
Change in Net Assets
$4,105,147

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,501,325
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$17,501,325
Total Revenue per Form 990
$17,501,325
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,673,726
Other Expenses$4,722,452
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,042,733$348,876-$6,391,609
Other Employee Benefits$2,013,640$96,879-$2,110,519
Other Expenses$335,706$153,326-$489,032
All Other Expenses$77,672$150,957-$228,629
Current Officers, Directors, Trustees, and Key Employees$171,598--$171,598
Depreciation Depletion-$56,909-$56,909
Travel$4,083--$4,083
Total Functional Expenses$11,811,717$1,584,461$0$13,396,178

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$13,396,178
Total Expenses per Audited Statements$13,396,178
Total Expenses per Form 990$13,396,178
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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, Section B, Line 11B

The director will review the finalized draft with the board president. The board will be provided a copy prior to signing and filing.

Form 990, Part VI, Section B, Line 12C

Following the call to order of every board meeting, a standing agenda item exists requesting that any board member with a potential conflict of interest recuse him/herself from participation in the vote.

Form 990, Part VI, Section B, Line 15

The governing body looks at and compares nearby salary schedules and during a closed session they discuss and determine the salary.

Form 990, Part VI, Section C, Line 19

These documents are available upon request.

Filing and Contact Details

Filer

Filer Name
RIVER ISLANDS TECHNOLOGY ACADEMY #2
EIN
47-5327392
Phone
2092294700
Address
1175 MARINA DRIVE, LATHROP, CA 95330

Signing Officer

Name
Brenda Scholl
Title
Director
Phone
2092294700
Signed
2022-03-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
SUSAN DELL'OSSO
Formed
2012
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
203
Volunteers
0

Preparer

Firm
Baker Tilly US Llp
Address
3655 NOBEL DRIVE SUITE 300, SAN DIEGO, CA 92122
Preparer
Kathleen Schmidt
Phone
8585974100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Beginning of the year 1,086,342.

Raw XML AppendixShowing 400 of 437 raw XML fields

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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IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt013040
IRS990ScheduleD/EquipmentGrp/DepreciationAmt025018
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt038058
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt013396178
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0649284
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0212558
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0861842
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt017501325
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0662324
IRS990ScheduleD/TotalExpensesPerForm990Amt013396178
IRS990ScheduleD/TotalRevenuePerForm990Amt017501325
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt017501325
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt013396178
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NONDISCRIMINATORY POLICY INCLUDED IN ALL ADVERTISEMENTS, ENROLLMENT MATERIALS AND CHARTER BYLAWS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0171598
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRENDA SCHOLL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DIRECTOR WILL REVIEW THE FINALIZED DRAFT WITH THE BOARD PRESIDENT. THE BOARD WILL BE PROVIDED A COPY PRIOR TO SIGNING AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FOLLOWING THE CALL TO ORDER OF EVERY BOARD MEETING, A STANDING AGENDA ITEM EXISTS REQUESTING THAT ANY BOARD MEMBER WITH A POTENTIAL CONFLICT OF INTEREST RECUSE HIM/HERSELF FROM PARTICIPATION IN THE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BODY LOOKS AT AND COMPARES NEARBY SALARY SCHEDULES AND DURING A CLOSED SESSION THEY DISCUSS AND DETERMINE THE SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THESE DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BEGINNING OF THE YEAR 1,086,342.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
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IRS990/SubjectToProxyTaxInd00
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt014182041
IRS990/TotalAssetsGrp/BOYAmt08092204
IRS990/TotalAssetsGrp/EOYAmt014182041
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt017495856
IRS990/TotalEmployeeCnt0203
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01584461
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt011811717
IRS990/TotalFunctionalExpensesGrp/TotalAmt013396178
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01249948
IRS990/TotalLiabilitiesEOYAmt02148296
IRS990/TotalLiabilitiesGrp/BOYAmt01249948
IRS990/TotalLiabilitiesGrp/EOYAmt02148296
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06842256
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt012033745
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt011811717
IRS990/TotalReportableCompFromOrgAmt0522431
IRS990/TotalRevenueGrp/ExclusionAmt05469
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt017501325
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08092204
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt014182041
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt04083
IRS990/TravelGrp/TotalAmt04083
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0913232
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01175 MARINA DRIVE
IRS990/USAddress/CityNm0LATHROP
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd095330

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