Civic Intelligence

Delaware Charter Schools Network Inc.

990 • Fiscal year 2019 • EIN 51-0414527

Jul 01, 2018 to Jun 30, 2019 • Filed on May 06, 2020

100 W 10th St Suite 308Wilmington, DE 19801

(302) 778-5999

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

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

Liabilities / Revenue

57th percentile

0.00x

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

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

Net Margin

21st percentile

-13%

Higher net margin than 21% of similar nonprofits.

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

Top Officer Pay

97th percentile

$85,000

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 26.2% of source-year revenue.

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

Asset Growth

14th percentile

-32%

Faster asset growth than 14% of similar nonprofits.

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

Revenue Growth

33rd percentile

-11%

Faster revenue growth than 33% of similar nonprofits.

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

Assets

Down

$168,786

Down $79,455 (-32%) from 2018

Net Assets

Down

$168,786

Down $71,739 (-30%) from 2018

Liabilities

Down

$0

Down $7,716 (-100%) from 2018

Revenue

Down

$324,269

Down $40,210 (-11%) from 2018

Expenses

Up

$366,725

Up $141,011 (+62%) from 2018

Net Income

Down

-$42,456

Down $181,221 (-131%) from 2018

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

2019

Assets$168,786
Liabilities$0
Net Assets$168,786

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

2019

Revenue$324,269
Expenses$366,725
Net Income-$42,456
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 6, 2020
Return Version
2018v3.1
Gross Receipts
$324,269
Mission and Program Overview

Mission

To promote quality in public education

The mission of the Delaware Charter Schools Network is to promote excellence in public education by supporting and advocating for Delaware charter schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$41,950$74,430▲ $32,480
Savings and Temporary Cash Investments$167,728$49,826▼ $117,902
Accounts Receivable$38,563$39,680▲ $1,117
Prepaid Expenses and Deferred Charges-$4,850-
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$248,241$168,786▼ $79,455
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$7,716--
Total Liabilities$7,716$0▼ $7,716
Net Assets / Fund Balance
Unrestricted Net Assets$240,525$168,786▼ $71,739
Total Net Assets Fund Balance$240,525$168,786▼ $71,739
Total Liabilities and Net Assets / Fund Balance$248,241$168,786▼ $79,455
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kendall MassettCEOFT$85,000$85,000

Board Members and Trustees

NameTitle
Chuck TaylorChairman
Courtney FoxDirector
David BlowmanDirector
Denise ParksDirector
Ed EmmettDirector
Eric AndersonDirector
Kate KlemasDirector
Margie Lopez-WaiteDirector
Rebecca CollinsDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$148,452
Program Service Revenue
$175,714
Investment Income
$103
Other Revenue
$0
All Other Contributions
$11,860
Change in Net Assets
$-42,456
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$236,287
Other Expenses$130,438
Total Fundraising Expense$5,003
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$127,000$7,496-$134,496
Current Officers, Directors, Trustees, and Key Employees$68,000$12,750$4,250$85,000
Fees for Services Other$43,963--$43,963
Payroll Taxes$14,917$1,549$325$16,791
Fees for Services Lobbying$16,667--$16,667
Conferences and Meetings$15,223--$15,223
Fees for Services Legal$10,974--$10,974
Occupancy$6,847$1,284$428$8,559
Office Expenses-$6,863-$6,863
Travel$4,093--$4,093
Insurance-$3,645-$3,645
Advertising$3,279--$3,279
Fees for Services Accounting-$2,663-$2,663
Other Expenses-$1,525-$1,525
Total Functional Expenses$310,963$50,759$5,003$366,725
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
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
Yes
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

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The organization's board meets to review and vote for approval the form 990 prior to filing each year

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

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

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

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

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

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Delaware Charter Schools Network
EIN
51-0414527
Phone
3027785999
Address
100 W 10th St Suite 308, Wilmington, DE 19801

Signing Officer

Name
Kendall Massett
Title
CEO
Signed
2020-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kendall Massett
Formed
2001
Legal Domicile
De
Voting Board Members
9
Independent Board Members
9
Employees
3

Preparer

Firm
Michelle J Lambert CPA LLC
Address
1601 Concord Pike Suite 62, Wilmington, DE 19803
Preparer
Michelle Lambert
Phone
3025435318
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IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04850
IRS990/PrincipalOfficerNm0Kendall Massett
IRS990/PriorPeriodAdjustmentsAmt0-29283
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0Education Support
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0175714
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0175714
IRS990/ProgSrvcAccomActy2Grp/Desc0Advocacy and support work for the charter school movement and Delaware charter schools
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt016667
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0364185
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0133889
IRS990/PYOtherRevenueAmt0294
IRS990/PYRevenuesLessExpensesAmt0138765
IRS990/PYSalariesCompEmpBnftPaidAmt091825
IRS990/PYTotalExpensesAmt0225714
IRS990/PYTotalRevenueAmt0364479
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-42456
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0167728
IRS990/SavingsAndTempCashInvstGrp/EOYAmt049826
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0148452
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0364183
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0315779
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0171356
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0491580
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01491350
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0103
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0294
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0165
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0405
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0249
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01216
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99920
IRS990ScheduleA/PublicSupportPY170Pct00.99900
IRS990ScheduleA/PublicSupportTotal170Amt01491350
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0148452
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0364183
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0315779
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0171356
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0491580
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01491350
IRS990ScheduleA/TotalSupportAmt01492566
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/CurrentYearMinus3Amt05500
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/TotalAmt05500
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearAmt015548
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt022572
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus3Amt05500
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt043620
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt062193
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt016667
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt020000
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus3Amt026000
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt0124860
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearAmt016667
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus1Amt016667
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus2Amt020000
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus3Amt026000
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt079334
IRS990ScheduleC/CorrectionMadeInd0false
IRS990ScheduleC/Form4720FiledInd0false
IRS990ScheduleC/Form4720FiledSection4955TaxInd0false
IRS990ScheduleC/GrassrootsCeilingAmt065430
IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt015548
IRS990ScheduleC/LobbyingCeilingAmt0187290
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt062193
IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt0294296
IRS990ScheduleC/TotalDirectLobbyingGrp/FilingOrganizationsTotalAmt016667
IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt0310963
IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt016667
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
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/ExplanationTxt3No documents available to the public.
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0248241
IRS990/TotalAssetsEOYAmt0168786
IRS990/TotalAssetsGrp/BOYAmt0248241
IRS990/TotalAssetsGrp/EOYAmt0168786
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
2019Detailed filing. Detailed filing data is available for this year.$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
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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