Civic Intelligence

Valley Preparatory Academy Inc

990 • Fiscal year 2020 • EIN 56-2464910

Jul 01, 2019 to Jun 30, 2020 • Filed on May 11, 2021

4221 North Hughes AveFresno, CA 93705

(559) 225-7737

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.63x

Higher debt load relative to assets than 82% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

54th percentile

0.25x

Higher debt load relative to revenue than 54% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

25th percentile

-5.6%

Higher net margin than 25% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

53rd percentile

$128,276

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

83rd percentile

35%

Faster asset growth than 83% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

57th percentile

5.1%

Faster revenue growth than 57% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$3,130,322

Up $806,591 (+35%) from 2019

Net Assets

Down

$1,156,043

Down $448,832 (-28%) from 2019

Liabilities

Up

$1,974,279

Up $1,255,423 (+175%) from 2019

Revenue

Up

$8,008,146

Up $390,043 (+5.1%) from 2019

Expenses

Up

$8,456,978

Up $1,190,796 (+16%) from 2019

Net Income

Down

-$448,832

Down $800,753 (-228%) from 2019

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $734,187Liabilities 2011: $320,487Net Assets 2011: $413,7002011Assets 2012: $758,074Liabilities 2012: $245,846Net Assets 2012: $512,2282012Assets 2013: $1,122,274Liabilities 2013: $761,926Net Assets 2013: $360,3482013Assets 2014: $648,389Liabilities 2014: $228,625Net Assets 2014: $419,7642014Assets 2015: $676,130Liabilities 2015: $194,448Net Assets 2015: $481,6822015Assets 2016: $1,290,408Liabilities 2016: $483,241Net Assets 2016: $807,1672016Assets 2017: $1,789,807Liabilities 2017: $762,542Net Assets 2017: $1,027,2652017Assets 2018: $2,168,466Liabilities 2018: $915,512Net Assets 2018: $1,252,9542018Assets 2019: $2,323,731Liabilities 2019: $718,856Net Assets 2019: $1,604,8752019Assets 2020: $3,130,322Liabilities 2020: $1,974,279Net Assets 2020: $1,156,0432020Assets 2021: $3,968,170Liabilities 2021: $1,790,247Net Assets 2021: $2,177,9232021Assets 2022: $5,722,534Liabilities 2022: $3,253,897Net Assets 2022: $2,468,6372022Assets 2023: $8,088,327Liabilities 2023: $4,611,965Net Assets 2023: $3,476,3622023Assets 2024: $8,668,689Liabilities 2024: $4,416,840Net Assets 2024: $4,251,8492024

Highlighted filing

2020

Assets$3,130,322
Liabilities$1,974,279
Net Assets$1,156,043

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2011: $2,218,775Expenses 2011: $1,828,890Net Income 2011: $389,8852011Revenue 2012: $2,094,181Expenses 2012: $1,995,653Net Income 2012: $98,5282012Expenses 2013: $2,628,4162013Revenue 2014: $2,724,417Expenses 2014: $2,665,001Net Income 2014: $59,4162014Revenue 2015: $3,236,678Expenses 2015: $3,174,760Net Income 2015: $61,9182015Revenue 2016: $4,277,849Expenses 2016: $3,952,364Net Income 2016: $325,4852016Revenue 2017: $5,802,821Expenses 2017: $5,708,266Net Income 2017: $94,5552017Revenue 2018: $6,498,860Expenses 2018: $6,273,171Net Income 2018: $225,6892018Revenue 2019: $7,618,103Expenses 2019: $7,266,182Net Income 2019: $351,9212019Revenue 2020: $8,008,146Expenses 2020: $8,456,978Net Income 2020: -$448,8322020Revenue 2021: $10,324,695Expenses 2021: $9,302,815Net Income 2021: $1,021,8802021Revenue 2022: $12,741,116Expenses 2022: $12,450,402Net Income 2022: $290,7142022Revenue 2023: $15,454,437Expenses 2023: $14,446,712Net Income 2023: $1,007,7252023Revenue 2024: $18,220,113Expenses 2024: $17,444,626Net Income 2024: $775,4872024

Highlighted filing

2020

Revenue$8,008,146
Expenses$8,456,978
Net Income-$448,832
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 11, 2021
Return Version
2019v5.2
Gross Receipts
$8,008,146
Mission and Program Overview

Mission

Aspen public schools was formed to serve some of central fresno's most "at-risk" children. Since 2004,the organization has served economically disadvantaged students, specifically targeting foster and homeless youth and those living in severe poverty. The mission is transform the community by developing exceptional leaders.

To educate students to attain necessary literacy and to live successfully in the 21st century.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$404,246$1,609,582▲ $1,205,336
Accounts Receivable$1,368,001$1,134,316▼ $233,685
Land, Buildings, and Equipment, Net$485,185$230,794▼ $254,391
Prepaid Expenses and Deferred Charges$38,675$133,006▲ $94,331
Total Assets$2,323,731$3,130,322▲ $806,591
Other Assets Total$27,624$22,624▼ $5,000
Liabilities
Mortgage Notes Payable Secured by Investment Property$415,803$1,074,476▲ $658,673
Accounts Payable and Accrued Expenses$299,882$520,746▲ $220,864
Other Liabilities$3,171$375,965▲ $372,794
Deferred Revenue-$3,092-
Total Liabilities$718,856$1,974,279▲ $1,255,423
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,604,875$1,156,043▼ $448,832
Total Net Assets Fund Balance$1,604,875$1,156,043▼ $448,832
Total Liabilities and Net Assets / Fund Balance$2,323,731$3,130,322▲ $806,591

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$99,591$190,145$289,736
Leasehold Improvements$131,203$100,753$231,956
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shelly LetherExecutive DirectorFT$110,542$17,734$128,276

Board Members and Trustees

NameTitle
John GricePresident
Mary Jane FitzpatrickVice President
Angie IsaakMember
Deborah TorresMember
Carrie ZulewskiSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Fresno First Baptist ChurchLandlord1400 E SAGINAW WAY, Fresno, CA 93704$187,237
Jacquelyn Gates LLCLandlord4221 NORTH HUGHES AVE, Fresno, CA 93105$154,000
Revenue and Support

Revenue Composition

Contributions and Grants
$8,010,645
Program Service Revenue
$0
Investment Income
$5,205
Other Revenue
$-7,704
All Other Contributions
$100,854
Change in Net Assets
$-448,832

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,008,146
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$8,008,146
Total Revenue per Form 990
$8,008,146
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,639,093
Other Expenses$2,817,885
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,887,823$365,780-$4,253,603
Occupancy$872,555--$872,555
Other Employee Benefits$579,306$57,954-$637,260
Fees for Services Other$445,776$17,307-$463,083
Pension Plan Contributions$409,012$47,205-$456,217
Office Expenses$380,130$2,785-$382,915
Fees for Services Management$220,015--$220,015
Payroll Taxes$142,652$17,631-$160,283
Current Officers, Directors, Trustees, and Key Employees-$131,730-$131,730
Information Technology$131,116--$131,116
Depreciation Depletion$119,010--$119,010
Insurance-$50,695-$50,695
All Other Expenses$34,572--$34,572
Fees for Services Accounting-$20,380-$20,380
Fees for Services Legal$17,415$1,454-$18,869
Interest-$14,965-$14,965
Travel$13,207--$13,207
Other Expenses$11,581--$11,581
Total Functional Expenses$7,729,092$727,886$0$8,456,978

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,456,978
Total Expenses per Audited Statements$8,456,978
Total Expenses per Form 990$8,456,978
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$207,649
Deffered Rent Liability$168,316
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The organization does not have committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by the organization's outside public accounting firm based on information provided by management. Once a draft of the return is available, it is reviewed by management with any changes or revisions incorporated into the filing. The revised return is then submitted to the board of directors for their review and approval prior to submitting to the irs.

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

Monitoring is performed regurarly by the officers to identify potential conflicts of interest. Any questions of a conflict is addressed with the interested person, who is required to disclosed the existence of any financial interest and be afforded the opportunity to disclose all material facts to the board and executive director. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters.

Form 990, Part VI, Section B, Line 15

The compensation review and approval process for the executive director is performed during a board meeting in a closed session when the director is asked to leave. The executive director's pay in determined based on data provided by external charter management organizations and through comparison studies of other charter schools. Board members do not receive compensation, however, if they were to receive compensation, a closed session would take place for the review and approval process regarding their compensation. This evaluation is performed annually, and is compared to salaries from charter schools in a similar siza and region.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Aspen Public Schools
EIN
56-2464910
Phone
5592257737
Address
4221 NORTH HUGHES AVE, FRESNO, CA 93705

Signing Officer

Name
Shelly Lether
Title
Executive Director
Phone
5593692456
Signed
2021-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Grice
Formed
2004
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
180
Volunteers
10

Preparer

Firm
Cliftonlarsonallen Llp
Address
2210 EAST ROUTE 66, GLENDORA, CA 91740
Preparer
Marlen Gomez
Phone
6268577300
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization is a non-profit entity exempt from the payment of income taxes under internal revenue code section 501(c)(3) and california revenue and taxation code section 23701d. Accordingly, no provision has been made for income taxes. Management has determined that all income tax positions are more likely than not of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required. The organization files an exempt return and applicable unrelated business income tax return in the u.s. Federal jurisdiction and with the california franchise tax board.

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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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IRS990/OtherAssetsTotalGrp/EOYAmt022624
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt057954
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0579306
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0637260
IRS990/OtherExpensesGrp/Desc0FOOD SERVICES
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3ASB EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt0276433
IRS990/OtherExpensesGrp/ProgramServicesAmt1169358
IRS990/OtherExpensesGrp/ProgramServicesAmt219131
IRS990/OtherExpensesGrp/ProgramServicesAmt311581
IRS990/OtherExpensesGrp/TotalAmt0276433
IRS990/OtherExpensesGrp/TotalAmt1169358
IRS990/OtherExpensesGrp/TotalAmt219131
IRS990/OtherExpensesGrp/TotalAmt311581
IRS990/OtherLiabilitiesGrp/BOYAmt03171
IRS990/OtherLiabilitiesGrp/EOYAmt0375965
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0PY REVENUE WRITE OFF
IRS990/OtherRevenueMiscGrp/ExclusionAmt0-7704
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0-7704
IRS990/OtherRevenueTotalAmt0-7704
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0365780
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03887823
IRS990/OtherSalariesAndWagesGrp/TotalAmt04253603
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt017631
IRS990/PayrollTaxesGrp/ProgramServicesAmt0142652
IRS990/PayrollTaxesGrp/TotalAmt0160283
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt047205
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0409012
IRS990/PensionPlanContributionsGrp/TotalAmt0456217
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt038675
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0133006
IRS990/PrincipalOfficerNm0JOHN GRICE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt07617379
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03436
IRS990/PYOtherExpensesAmt02067133
IRS990/PYOtherRevenueAmt0-2712
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0351921
IRS990/PYSalariesCompEmpBnftPaidAmt05199049
IRS990/PYTotalExpensesAmt07266182
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07618103
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-448832
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/SchoolInd0X
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt099591
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0190145
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0289736
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt08456978
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0131203
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0100753
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0231956
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0207649
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1168316
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFFERED RENT LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt08008146
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A NON-PROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE ORGANIZATION FILES AN EXEMPT RETURN AND APPLICABLE UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0230794
IRS990ScheduleD/TotalExpensesPerForm990Amt08456978
IRS990ScheduleD/TotalLiabilityAmt0375965
IRS990ScheduleD/TotalRevenuePerForm990Amt08008146
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08008146
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08456978
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NONDISCRIMINATORY POLICY INCLUDED IN ALL ADVERTISEMENTS AND ENROLLMENT MATERIALS
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1N/A - THE ORGANIZATION DID NOT PROVIDE SCHOLARSHIPS OR FINANCIAL ASSISTANCE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION IS A PUBLIC CHARTER SCHOOL AND RECEIVES FEDERAL AND STATE FUNDING THROUGH THE CALIFORNIA DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT WITH ANY CHANGES OR REVISIONS INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO SUBMITTING TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MONITORING IS PERFORMED REGURARLY BY THE OFFICERS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. ANY QUESTIONS OF A CONFLICT IS ADDRESSED WITH THE INTERESTED PERSON, WHO IS REQUIRED TO DISCLOSED THE EXISTENCE OF ANY FINANCIAL INTEREST AND BE AFFORDED THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND EXECUTIVE DIRECTOR. IF A CONFLICT OF INTEREST IS IDENTIFIED, THE APPROPRIATE ACTION IS TAKEN, INCLUDING LIMITATIONS TO THE INDIVIDUAL'S INFLUENCE ON RELATED BUSINESS MATTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPENSATION REVIEW AND APPROVAL PROCESS FOR THE EXECUTIVE DIRECTOR IS PERFORMED DURING A BOARD MEETING IN A CLOSED SESSION WHEN THE DIRECTOR IS ASKED TO LEAVE. THE EXECUTIVE DIRECTOR'S PAY IN DETERMINED BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. BOARD MEMBERS DO NOT RECEIVE COMPENSATION, HOWEVER, IF THEY WERE TO RECEIVE COMPENSATION, A CLOSED SESSION WOULD TAKE PLACE FOR THE REVIEW AND APPROVAL PROCESS REGARDING THEIR COMPENSATION. THIS EVALUATION IS PERFORMED ANNUALLY, AND IS COMPARED TO SALARIES FROM CHARTER SCHOOLS IN A SIMILAR SIZA AND REGION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0ASPEN PUBLIC SCHOOLS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0OPEN GATE LEARNING FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0460906300
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO FACILITATE THE DEVELOPMENT OF CHARTER SCHOOLS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 12A, I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt04221 NORTH HUGHES AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0FRESNO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0937051611
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt084000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0AMOUNT PAID
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0OPEN GATE LEARNING FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0K
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02323731
IRS990/TotalAssetsEOYAmt03130322
IRS990/TotalAssetsGrp/BOYAmt02323731
IRS990/TotalAssetsGrp/EOYAmt03130322
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt08010645
IRS990/TotalEmployeeCnt0180
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0727886
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07729092
IRS990/TotalFunctionalExpensesGrp/TotalAmt08456978
IRS990/TotalGrossUBIAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.67$4.42$4.25$18.2$17.4$0.78
2023Detailed filing. Detailed filing data is available for this year.$8.09$4.61$3.48$15.5$14.4$1.01
2022Detailed filing. Detailed filing data is available for this year.$5.72$3.25$2.47$12.7$12.5$0.29
2021Detailed filing. Detailed filing data is available for this year.$3.97$1.79$2.18$10.3$9.30$1.02
2020Detailed filing. Detailed filing data is available for this year.$3.13$1.97$1.16$8.01$8.46$0.45
2019Detailed filing. Detailed filing data is available for this year.$2.32$0.72$1.60$7.62$7.27$0.35
2018Detailed filing. Detailed filing data is available for this year.$2.17$0.92$1.25$6.50$6.27$0.23
2017Summary only. Only limited summary data is available for this year.$1.79$0.76$1.03$5.80$5.71$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.29$0.48$0.81$4.28$3.95$0.33
2015Detailed filing. Detailed filing data is available for this year.$0.68$0.19$0.48$3.24$3.17$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.65$0.23$0.42$2.72$2.67$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.76$0.36$2.63
2012Summary only. Only limited summary data is available for this year.$0.76$0.25$0.51$2.09$2.00$0.10
2011Summary only. Only limited summary data is available for this year.$0.73$0.32$0.41$2.22$1.83$0.39