Civic Intelligence

Delaware Charter Schools Network Inc.

990 • Fiscal year 2017 • EIN 51-0414527

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 31, 2017

100 W 10th StWilmington, DE 19801

(302) 778-5999

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

10th percentile

-38%

Higher net margin than 10% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

96th percentile

$72,500

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 22.9% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

8th percentile

-54%

Faster asset growth than 8% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

91st percentile

84%

Faster revenue growth than 91% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$101,760

Down $120,190 (-54%) from 2016

Net Assets

Down

$101,760

Down $119,527 (-54%) from 2016

Liabilities

Down

$0

Down $663 (-100%) from 2016

Revenue

Up

$315,943

Up $144,182 (+84%) from 2016

Expenses

Up

$435,470

Up $88,414 (+25%) from 2016

Net Income

Up

-$119,527

Up $55,768 (+32%) from 2016

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $138,646Liabilities 2010: $1,987Net Assets 2010: $136,6592010Assets 2011: $83,125Liabilities 2011: $2,633Net Assets 2011: $80,4922011Assets 2012: $216,979Liabilities 2012: $1,490Net Assets 2012: $215,4892012Assets 2013: $423,404Liabilities 2013: $0Net Assets 2013: $423,4042013Assets 2014: $273,312Liabilities 2014: $0Net Assets 2014: $273,3122014Assets 2015: $394,323Liabilities 2015: $4,746Net Assets 2015: $389,5772015Assets 2016: $221,950Liabilities 2016: $663Net Assets 2016: $221,2872016Assets 2017: $101,760Liabilities 2017: $0Net Assets 2017: $101,7602017Assets 2018: $248,241Liabilities 2018: $7,716Net Assets 2018: $240,5252018Assets 2019: $168,786Liabilities 2019: $0Net Assets 2019: $168,7862019Assets 2020: $203,760Liabilities 2020: $0Net Assets 2020: $203,7602020Assets 2021: $253,074Liabilities 2021: $0Net Assets 2021: $253,0742021Assets 2022: $311,092Liabilities 2022: $0Net Assets 2022: $311,0922022Assets 2023: $594,924Liabilities 2023: $0Net Assets 2023: $594,9242023Assets 2024: $601,658Liabilities 2024: $0Net Assets 2024: $601,6582024

Highlighted filing

2017

Assets$101,760
Liabilities$0
Net Assets$101,760

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2010: $55,781Expenses 2010: $87,128Net Income 2010: -$31,3472010Revenue 2011: $120,432Expenses 2011: $176,599Net Income 2011: -$56,1672011Revenue 2012: $246,971Expenses 2012: $111,974Net Income 2012: $134,9972012Revenue 2013: $448,021Expenses 2013: $240,106Net Income 2013: $207,9152013Revenue 2014: $155,446Expenses 2014: $305,538Net Income 2014: -$150,0922014Revenue 2015: $492,098Expenses 2015: $382,936Net Income 2015: $109,1622015Revenue 2016: $171,761Expenses 2016: $347,056Net Income 2016: -$175,2952016Revenue 2017: $315,943Expenses 2017: $435,470Net Income 2017: -$119,5272017Revenue 2018: $364,479Expenses 2018: $225,714Net Income 2018: $138,7652018Revenue 2019: $324,269Expenses 2019: $366,725Net Income 2019: -$42,4562019Revenue 2020: $408,250Expenses 2020: $391,643Net Income 2020: $16,6072020Revenue 2021: $376,912Expenses 2021: $327,598Net Income 2021: $49,3142021Revenue 2022: $358,411Expenses 2022: $300,393Net Income 2022: $58,0182022Revenue 2023: $644,072Expenses 2023: $360,240Net Income 2023: $283,8322023Revenue 2024: $349,872Expenses 2024: $343,138Net Income 2024: $6,7342024

Highlighted filing

2017

Revenue$315,943
Expenses$435,470
Net Income-$119,527
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 31, 2017
Return Version
2016v3.0
Gross Receipts
$315,943
Mission and Program Overview

Mission

To promote quality in public education

To promote quality in public education through autonomy and choice. To be an effective voice in charter school advocacy in delaware, and to educate the community about the purpose and goals of charter schools

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$151,332$57,457▼ $93,875
Accounts Receivable$13,495$22,335▲ $8,840
Cash and Non-Interest-Bearing Accounts$57,123$21,968▼ $35,155
Total Assets$221,950$101,760▼ $120,190
Liabilities
Accounts Payable and Accrued Expenses$663--
Total Liabilities$663$0▼ $663
Net Assets / Fund Balance
Temporarily Rstr Net Assets$102,384--
Unrestricted Net Assets$118,903$101,760▼ $17,143
Total Net Assets Fund Balance$221,287$101,760▼ $119,527
Total Liabilities and Net Assets / Fund Balance$221,950$101,760▼ $120,190
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kendall MassettExecutive DirectorFT$72,500$72,500

Board Members and Trustees

NameTitle
Chuck TaylorPresident
Chris MoodyBoard Member
Courtney FoxBoard Member
Denise ParksBoard Member
Edward EmmettBoard Member
Eric AndersonBoard Member
Kate KlemasBoard Member
Leroy TraversBoard Member
Margie Lopez-waiteBoard Member
Riccardo StoeckichtBoard Member
Sally MaldonadoBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$315,778
Program Service Revenue
$0
Investment Income
$165
Other Revenue
$0
All Other Contributions
$213,778
Change in Net Assets
$-119,527
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$280,564
Salaries, Compensation, and Employee Benefits$154,906
Total Fundraising Expense$4,037
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$141,476$0$0$141,476
Current Officers, Directors, Trustees, and Key Employees$56,250$15,000$3,750$75,000
Other Salaries and Wages$49,875$16,625$0$66,500
Fees for Services Other$31,813$0$0$31,813
Fees for Services Lobbying$20,000$0$0$20,000
Fees for Services Accounting$11,753$3,918$0$15,671
Payroll Taxes$7,712$2,284$287$10,283
Occupancy$7,387$2,462$0$9,849
Travel$7,171$2,390$0$9,561
Information Technology$4,460$1,487$0$5,947
Insurance$3,240$1,081$0$4,321
All Other Expenses$1,203$2,609$0$3,812
Office Expenses$2,643$881$0$3,524
Other Employee Benefits$2,342$781$0$3,123
Other Expenses$1,600$0$0$1,600
Advertising$708$236$0$944
Conferences and Meetings$83$28$0$111
Total Functional Expenses$381,647$49,786$4,037$435,470
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Withholdings-
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 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
No
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
Delaware Charter Schools Network
EIN
51-0414527
Phone
3027785999
Address
100 W 10th St, Wilmington, DE 19801

Signing Officer

Name
Kendall Massett
Title
Executive Director
Phone
3027785999
Signed
2017-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kendall Massett
Formed
2001
Legal Domicile
De
Voting Board Members
11
Independent Board Members
11
Employees
4
Volunteers
0

Preparer

Firm
Michelle J Lambert CPA LLC
Address
1601 Concord Pike Suite 62, WILMINGTON, DE 19803
Preparer
Michelle Lambert
Phone
3025435318
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The Organization's Board meets to review and vote for approval the Form 990 prior to filing each year

Pt VI, Line 12C

The organization requires all staff and Board Members to disclose any conflicts of interest on an annual basis

Pt VI, Line 15A

The Board determines the executive directors salary using industry standards, experience and budget factors

Pt XI

There was an immaterial change to Accounts Receivable after FY15's Form 990 was filed

Form 990, Part IX, Line 24E

Fees & Dues 620. 465. 155. 0.

Form 990, Part IX, Line 24E

Miscellaneous 2208. 0. 2208. 0.

Form 990, Part IX, Line 24E

Payroll Processing Fees 984. 738. 246. 0.

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IRS990/OtherExpensesGrp/ProgramServicesAmt31600
IRS990/OtherExpensesGrp/TotalAmt031920
IRS990/OtherExpensesGrp/TotalAmt10
IRS990/OtherExpensesGrp/TotalAmt215
IRS990/OtherExpensesGrp/TotalAmt31600
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt016625
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt049875
IRS990/OtherSalariesAndWagesGrp/TotalAmt066500
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0287
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02284
IRS990/PayrollTaxesGrp/ProgramServicesAmt07712
IRS990/PayrollTaxesGrp/TotalAmt010283
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0KENDALL MASSETT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0ADVOCACY AND SUPPORT WORK FOR THE CHARTER SCHOOL MOVEMENT AND DELAWARE CHARTER SCHOOLS
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0337997
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0272129
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0171356
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0405
IRS990/PYOtherExpensesAmt0184966
IRS990/PYRevenuesLessExpensesAmt0-175295
IRS990/PYSalariesCompEmpBnftPaidAmt0162090
IRS990/PYTotalExpensesAmt0347056
IRS990/PYTotalRevenueAmt0171761
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-119527
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt043650
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0151332
IRS990/SavingsAndTempCashInvstGrp/EOYAmt057457
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0315779
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0171356
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0491850
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0155030
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0447749
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01581764
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0165
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0405
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0249
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0416
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0272
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01507
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99900
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.99910
IRS990ScheduleA/PublicSupportTotal170Amt01581764
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0315779
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0171356
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0491850
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0155030
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0447749
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01581764
IRS990ScheduleA/TotalSupportAmt01583271
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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/ScheduleBRequiredInd0true
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/CurrentYearMinus1Amt05500
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/CurrentYearMinus2Amt05500
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/TotalAmt011000
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt05500
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus2Amt05500
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus3Amt015277
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt026277
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt020000
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt026000
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt033000
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus3Amt061108
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt0140108
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearAmt020000
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus1Amt026000
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus2Amt038500
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus3Amt036000
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt0120500
IRS990ScheduleC/GrassrootsCeilingAmt039416
IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt021774
IRS990ScheduleC/LobbyingCeilingAmt0210162
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt087094
IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt0415470
IRS990ScheduleC/TotalDirectLobbyingGrp/FilingOrganizationsTotalAmt020000
IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt0435470
IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt020000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll Withholdings
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization's Board meets to review and vote for approval the Form 990 prior to filing each year
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization requires all staff and Board Members to disclose any conflicts of interest on an annual basis
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board determines the executive directors salary using industry standards, experience and budget factors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3There was an immaterial change to Accounts Receivable after FY15's Form 990 was filed
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Fees & Dues 620. 465. 155. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Miscellaneous 2208. 0. 2208. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Payroll Processing Fees 984. 738. 246. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0102384
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0221950
IRS990/TotalAssetsEOYAmt0101760
IRS990/TotalAssetsGrp/BOYAmt0221950
IRS990/TotalAssetsGrp/EOYAmt0101760
IRS990/TotalCompGreaterThan150KInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.02$0.00$6.02$3.50$3.43$0.07
2023Summary only. Only limited summary data is available for this year.$5.95$0.00$5.95$6.44$3.60$2.84
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.11$0.00$3.11$3.58$3.00$0.58
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.53$0.00$2.53$3.77$3.28$0.49
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.04$0.00$2.04$4.08$3.92$0.17
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.69$0.00$1.69$3.24$3.67$0.42
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.48$0.08$2.41$3.64$2.26$1.39
2017Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$3.16$4.35$1.20
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.22$0.01$2.21$1.72$3.47$1.75
2015Detailed filing. Detailed filing data is available for this year.$3.94$0.05$3.90$4.92$3.83$1.09
2014Detailed filing. Detailed filing data is available for this year.$2.73$0.00$2.73$1.55$3.06$1.50
2013Summary only. Only limited summary data is available for this year.$4.23$0.00$4.23$4.48$2.40$2.08
2012Summary only. Only limited summary data is available for this year.$2.17$0.01$2.15$2.47$1.12$1.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.83$0.03$0.80$1.20$1.77$0.56
2010Summary only. Only limited summary data is available for this year.$1.39$0.02$1.37$0.56$0.87$0.31