Civic Intelligence

Innovative Education Management Inc.

990 • Fiscal year 2019 • EIN 68-0424624

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 11, 2020

4535 Missouri Flat Road 1APlacerville, CA 95667

(530) 295-3566

Siviq Scores

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

Liabilities / Assets

35th percentile

0.09x

Higher debt load relative to assets than 35% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

18th percentile

0.05x

Higher debt load relative to revenue than 18% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

71st percentile

13%

Higher net margin than 71% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

38th percentile

$144,049

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

85th percentile

22%

Faster asset growth than 85% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

79th percentile

20%

Faster revenue growth than 79% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$13,330,321

Up $2,398,675 (+22%) from 2018

Net Assets

Up

$12,190,925

Up $2,613,017 (+27%) from 2018

Liabilities

Down

$1,139,396

Down $214,342 (-16%) from 2018

Revenue

Up

$20,863,341

Up $3,505,737 (+20%) from 2018

Expenses

Up

$18,250,324

Up $1,030,773 (+6.0%) from 2018

Net Income

Up

$2,613,017

Up $2,474,964 (+1793%) from 2018

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $7,567,334Liabilities 2010: $1,767,871Net Assets 2010: $5,799,4632010Assets 2011: $10,744,346Liabilities 2011: $1,123,558Net Assets 2011: $9,620,7882011Assets 2012: $13,210,998Liabilities 2012: $391,562Net Assets 2012: $12,819,4362012Assets 2013: $15,771,030Liabilities 2013: $726,041Net Assets 2013: $15,044,9892013Assets 2014: $18,842,564Liabilities 2014: $733,127Net Assets 2014: $18,109,4372014Assets 2015: $10,365,250Liabilities 2015: $982,509Net Assets 2015: $9,382,7412015Assets 2016: $9,645,858Liabilities 2016: $2,319,476Net Assets 2016: $7,326,3822016Assets 2017: $10,475,870Liabilities 2017: $1,036,015Net Assets 2017: $9,439,8552017Assets 2018: $10,931,646Liabilities 2018: $1,353,738Net Assets 2018: $9,577,9082018Assets 2019: $13,330,321Liabilities 2019: $1,139,396Net Assets 2019: $12,190,9252019Assets 2020: $17,309,535Liabilities 2020: $3,140,810Net Assets 2020: $14,168,7252020Assets 2021: $19,923,777Liabilities 2021: $2,436,384Net Assets 2021: $17,487,3932021Assets 2022: $28,356,831Liabilities 2022: $3,498,258Net Assets 2022: $24,858,5732022Assets 2023: $33,566,516Liabilities 2023: $6,516,695Net Assets 2023: $27,049,8212023Assets 2024: $40,387,026Liabilities 2024: $7,676,288Net Assets 2024: $32,710,7382024

Highlighted filing

2019

Assets$13,330,321
Liabilities$1,139,396
Net Assets$12,190,925

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $20,428,2282010Expenses 2011: $21,605,0502011Expenses 2012: $23,011,5632012Expenses 2013: $24,693,8492013Revenue 2014: $31,637,850Expenses 2014: $28,573,402Net Income 2014: $3,064,4482014Revenue 2015: $17,819,747Expenses 2015: $19,384,837Net Income 2015: -$1,565,0902015Revenue 2016: $15,573,952Expenses 2016: $17,630,311Net Income 2016: -$2,056,3592016Revenue 2017: $20,003,122Expenses 2017: $17,889,649Net Income 2017: $2,113,4732017Revenue 2018: $17,357,604Expenses 2018: $17,219,551Net Income 2018: $138,0532018Revenue 2019: $20,863,341Expenses 2019: $18,250,324Net Income 2019: $2,613,0172019Revenue 2020: $21,851,258Expenses 2020: $19,873,458Net Income 2020: $1,977,8002020Revenue 2021: $24,530,780Expenses 2021: $21,198,895Net Income 2021: $3,331,8852021Revenue 2022: $32,370,829Expenses 2022: $24,999,649Net Income 2022: $7,371,1802022Revenue 2023: $32,039,127Expenses 2023: $29,847,879Net Income 2023: $2,191,2482023Revenue 2024: $43,354,024Expenses 2024: $37,693,107Net Income 2024: $5,660,9172024

Highlighted filing

2019

Revenue$20,863,341
Expenses$18,250,324
Net Income$2,613,017
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 11, 2020
Return Version
2018v3.2
Gross Receipts
$20,863,341
Mission and Program Overview

Mission

To develop new and different ways to incorporate parental choice into educational process, with an emphasis on the use of computer technology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$7,740,490$7,567,499▼ $172,991
Accounts Receivable$2,108,233$3,744,291▲ $1,636,058
Cash and Non-Interest-Bearing Accounts$486,200$1,488,246▲ $1,002,046
Land, Buildings, and Equipment, Net$578,386$509,392▼ $68,994
Total Assets$10,931,646$13,330,321▲ $2,398,675
Other Assets Total$18,337$20,893▲ $2,556
Liabilities
Accounts Payable and Accrued Expenses$1,232,906$1,007,174▼ $225,732
Other Liabilities$120,832$132,222▲ $11,390
Total Liabilities$1,353,738$1,139,396▼ $214,342
Net Assets / Fund Balance
Unrestricted Net Assets$9,577,908$12,190,925▲ $2,613,017
Total Net Assets Fund Balance$9,577,908$12,190,925▲ $2,613,017
Total Liabilities and Net Assets / Fund Balance$10,931,646$13,330,321▲ $2,398,675

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$133,942$540,846$674,788
Buildings$192,913$14,835$207,748
Land$142,867-$142,867
Leasehold Improvements$39,670$101,536$141,206
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Randy GaschlerPresidentFT$134,625$9,424$144,049
Larry MandelbergChairman-$8,250-$8,250
Charles AnsbachDirector-$2,750-$2,750
Wayne GristDirector-$2,750-$2,750
Mike YadonDirector-$2,000-$2,000
Sharon TobarDirector-$1,250-$1,250

Board Members and Trustees

NameTitle
Jodi JonesCEO

Highest Paid Contractors

ContractorServicesLocationCompensation
The Gold TouchMedia/tech6816 HEATHERKNOLL DR, Dallas, TX 75248$187,800
Missouri Station LLCRent470 SCHIEFFLIN GULCH RD, Gold Hill, OR 97525$100,752
Revenue and Support

Revenue Composition

Contributions and Grants
$17,646,816
Program Service Revenue
$3,189,514
Investment Income
$27,011
Other Revenue
$0
Change in Net Assets
$2,613,017

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,863,341
Total Revenue per Audited Statements
$20,863,341
Total Revenue per Form 990
$20,863,341
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,561,907
Other Expenses$8,688,417
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,902,912$182,837-$7,085,749
Fees for Services Other$3,562,310--$3,562,310
Other Employee Benefits$1,182,699$31,838-$1,214,537
Pension Plan Contributions$812,764$31,916-$844,680
Information Technology$631,638--$631,638
All Other Expenses$282,985$131,601-$414,586
Payroll Taxes$255,823$9,493-$265,316
Other Expenses$154,839$99,999-$254,838
Office Expenses$172,298$5,006-$177,304
Occupancy$129,252$36,126-$165,378
Current Officers, Directors, Trustees, and Key Employees$134,625$17,000-$151,625
Conferences and Meetings$105,661$19,257-$124,918
Advertising$17,391$87,970-$105,361
Fees for Services Legal$66,124$36,131-$102,255
Insurance-$80,774-$80,774
Depreciation Depletion-$68,988-$68,988
Fees for Services Accounting$38,266$18,905-$57,171
Total Functional Expenses$16,733,555$1,516,769$0$18,250,324

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$18,250,324
Total Expenses per Audited Statements$18,250,324
Total Expenses per Form 990$18,250,324
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
Accrued Payroll and Liabilities$111,118
Credit Card Payable$21,104
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The ceo will review and approve prior to filing.

Form 990, Page 6, Part VI, Line 12C

All board members are covered and all potential issues are discussed with corporate attorney at board meetings. All potential conflicts result in prohibition of discussion and decision.

Form 990, Page 6, Part VI, Line 15A

Top official compensation is reveiwed and approved by the board of directors for iem.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Innovative Education Management Inc
EIN
68-0424624
Phone
5302953566
Address
4535 MISSOURI FLAT ROAD 1A, PLACERVILLE, CA 95667

Signing Officer

Name
Jodi Jones
Title
CEO
Phone
5302953566
Signed
2020-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randy Gaschler
Formed
1998
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
5
Employees
29

Preparer

Firm
Feddersen & Company Llp
Address
28632 ROADSIDE DR STE 265, AGOURA HILLS, CA 91301-6300
Preparer
Joy a Buller
Phone
8187074111
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contracted instruction 3,503,396 0 0 professional and consulting 58,914 0 0 total 3,562,310 0 0

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IRS990ScheduleD/BuildingsGrp/DepreciationAmt014835
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CEO WILL REVIEW AND APPROVE PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS ARE COVERED AND ALL POTENTIAL ISSUES ARE DISCUSSED WITH CORPORATE ATTORNEY AT BOARD MEETINGS. ALL POTENTIAL CONFLICTS RESULT IN PROHIBITION OF DISCUSSION AND DECISION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TOP OFFICIAL COMPENSATION IS REVEIWED AND APPROVED BY THE BOARD OF DIRECTORS FOR IEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACTED INSTRUCTION 3,503,396 0 0 PROFESSIONAL AND CONSULTING 58,914 0 0 TOTAL 3,562,310 0 0
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990/UponRequestInd0X
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IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.IEMINC.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JODI JONES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum05302953566
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INNOVATIVE EDUCATION MANAGEMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0INNO
ReturnHeader/Filer/EIN0680424624
ReturnHeader/Filer/PhoneNum05302953566
ReturnHeader/Filer/USAddress/AddressLine1Txt04535 MISSOURI FLAT ROAD 1A
ReturnHeader/Filer/USAddress/CityNm0PLACERVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt099.48.37.177
ReturnHeader/FilingSecurityInformation/IPDt02020-02-29
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$40.4$7.68$32.7$43.4$37.7$5.66
2023Detailed filing. Detailed filing data is available for this year.$33.6$6.52$27.0$32.0$29.8$2.19
2022Detailed filing. Detailed filing data is available for this year.$28.4$3.50$24.9$32.4$25.0$7.37
2021Detailed filing. Detailed filing data is available for this year.$19.9$2.44$17.5$24.5$21.2$3.33
2020Detailed filing. Detailed filing data is available for this year.$17.3$3.14$14.2$21.9$19.9$1.98
2019Detailed filing. Detailed filing data is available for this year.$13.3$1.14$12.2$20.9$18.3$2.61
2018Detailed filing. Detailed filing data is available for this year.$10.9$1.35$9.58$17.4$17.2$0.14
2017Detailed filing. Detailed filing data is available for this year.$10.5$1.04$9.44$20.0$17.9$2.11
2016Detailed filing. Detailed filing data is available for this year.$9.65$2.32$7.33$15.6$17.6$2.06
2015Detailed filing. Detailed filing data is available for this year.$10.4$0.98$9.38$17.8$19.4$1.57
2014Detailed filing. Detailed filing data is available for this year.$18.8$0.73$18.1$31.6$28.6$3.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.8$0.73$15.0$24.7
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.2$0.39$12.8$23.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$1.12$9.62$21.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.57$1.77$5.80$20.4