Civic Intelligence

Iftin Charter School

990 • Fiscal year 2017 • EIN 72-1585811

Jul 01, 2016 to Jun 30, 2017 • Filed on May 11, 2018

5465 El Cajon BlvdSan Diego, CA 92115

(619) 265-2411

Siviq Scores

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

Liabilities / Assets

54th percentile

0.12x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

42nd percentile

0.07x

Higher debt load relative to revenue than 42% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

53rd percentile

4.2%

Higher net margin than 53% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

63rd percentile

$88,122

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

77th percentile

16%

Faster asset growth than 77% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

40th percentile

1.0%

Faster revenue growth than 40% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,444,703

Up $338,231 (+16%) from 2016

Net Assets

Up

$2,153,769

Up $186,410 (+9.5%) from 2016

Liabilities

Up

$290,934

Up $151,821 (+109%) from 2016

Revenue

Up

$4,454,699

Up $44,909 (+1.0%) from 2016

Expenses

Up

$4,268,289

Up $651,527 (+18%) from 2016

Net Income

Down

$186,410

Down $606,618 (-76%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,514,037Liabilities 2011: $107,574Net Assets 2011: $1,406,4632011Assets 2012: $1,467,328Liabilities 2012: $195,920Net Assets 2012: $1,271,4082012Assets 2013: $1,646,810Liabilities 2013: $244,605Net Assets 2013: $1,402,2052013Assets 2014: $2,002,014Liabilities 2014: $335,154Net Assets 2014: $1,666,8602014Assets 2015: $1,283,379Liabilities 2015: $109,048Net Assets 2015: $1,174,3312015Assets 2016: $2,106,472Liabilities 2016: $139,113Net Assets 2016: $1,967,3592016Assets 2017: $2,444,703Liabilities 2017: $290,934Net Assets 2017: $2,153,7692017Assets 2018: $2,070,180Liabilities 2018: $187,660Net Assets 2018: $1,882,5202018Assets 2019: $2,208,181Liabilities 2019: $213,091Net Assets 2019: $1,995,0902019Assets 2020: $2,248,944Liabilities 2020: $247,217Net Assets 2020: $2,001,7272020Assets 2021: $2,670,840Liabilities 2021: $417,707Net Assets 2021: $2,253,1332021Assets 2022: $3,121,247Liabilities 2022: $852,048Net Assets 2022: $2,269,1992022Assets 2023: $4,772,908Liabilities 2023: $2,548,329Net Assets 2023: $2,224,5792023

Highlighted filing

2017

Assets$2,444,703
Liabilities$290,934
Net Assets$2,153,769

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $2,838,136Expenses 2011: $2,609,704Net Income 2011: $228,4322011Revenue 2012: $3,238,872Expenses 2012: $3,373,928Net Income 2012: -$135,0562012Expenses 2013: $3,829,7732013Revenue 2014: $4,146,079Expenses 2014: $3,881,424Net Income 2014: $264,6552014Revenue 2015: $4,156,632Expenses 2015: $4,852,364Net Income 2015: -$695,7322015Revenue 2016: $4,409,790Expenses 2016: $3,616,762Net Income 2016: $793,0282016Revenue 2017: $4,454,699Expenses 2017: $4,268,289Net Income 2017: $186,4102017Revenue 2018: $3,667,286Expenses 2018: $3,938,535Net Income 2018: -$271,2492018Revenue 2019: $4,014,725Expenses 2019: $3,902,155Net Income 2019: $112,5702019Revenue 2020: $3,893,688Expenses 2020: $3,887,051Net Income 2020: $6,6372020Revenue 2021: $4,659,616Expenses 2021: $4,408,210Net Income 2021: $251,4062021Revenue 2022: $5,983,177Expenses 2022: $5,967,111Net Income 2022: $16,0662022Revenue 2023: $7,366,437Expenses 2023: $7,411,057Net Income 2023: -$44,6202023

Highlighted filing

2017

Revenue$4,454,699
Expenses$4,268,289
Net Income$186,410
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 11, 2018
Return Version
2016v3.0
Gross Receipts
$4,454,699
Mission and Program Overview

Mission

Ics provides students in grades k-8 an academically rigorous core-aligned curricula supplemented with a technology intensive program in a student centered, safe and caring learning environment. Ics addresses the needs of a diverse group of students, their families and community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,778,106$2,086,680▲ $308,574
Accounts Receivable$246,811$316,079▲ $69,268
Prepaid Expenses and Deferred Charges$73,729$25,654▼ $48,075
Land, Buildings, and Equipment, Net-$8,464-
Savings and Temporary Cash Investments-$0-
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,106,472$2,444,703▲ $338,231
Other Assets Total$7,826$7,826→ $0
Liabilities
Accounts Payable and Accrued Expenses$139,113$290,934▲ $151,821
Total Liabilities$139,113$290,934▲ $151,821
Net Assets / Fund Balance
Unrestricted Net Assets$1,871,811$2,125,046▲ $253,235
Temporarily Rstr Net Assets$95,548$28,723▼ $66,825
Total Net Assets Fund Balance$1,967,359$2,153,769▲ $186,410
Total Liabilities and Net Assets / Fund Balance$2,106,472$2,444,703▲ $338,231

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,464$12,380-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jama YacubDirectorFT$64,519$23,603$88,122

Board Members and Trustees

NameTitle
Abdulkarim WarsamePresident
Faisal AliTrustee
Ibrahim HassanTrustee
Rahmo AbdiTrustee
Joe UdallSecretary
Mulki HersiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,437,417
Program Service Revenue
$0
Investment Income
$17,282
Other Revenue
$0
All Other Contributions
$8,423
Change in Net Assets
$186,410

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,454,699
Total Revenue per Audited Statements
$4,454,699
Total Revenue per Form 990
$4,454,699
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,898,366
Other Expenses$1,369,923
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,910,227$243,414-$2,153,641
Fees for Services Other$316,723$120,920-$437,643
Other Employee Benefits$284,071$35,016-$319,087
Pension Plan Contributions$238,200$29,361-$267,561
Fees for Services Legal-$136,309-$136,309
Occupancy$100,111$12,340-$112,451
Payroll Taxes$83,291$10,267-$93,558
Fees for Services Management-$70,703-$70,703
Current Officers, Directors, Trustees, and Key Employees$64,519--$64,519
Other Expenses$42,185$7,651-$42,185
All Other Expenses$28,599$10,425-$39,024
Insurance-$32,405-$32,405
Office Expenses$12,163--$12,163
Conferences and Meetings$11,220--$11,220
Advertising-$7,500-$7,500
Travel$5,237--$5,237
Depreciation Depletion$1,494--$1,494
Interest-$177-$177
Total Functional Expenses$3,442,085$826,204$0$4,268,289

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,268,289
Total Expenses per Audited Statements$4,268,289
Total Expenses per Form 990$4,268,289
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
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
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
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, Line 11B: Form 990 Review Process

Process to review 990. Part vi- goverance, management, disclosure. The form 990 is reviewed by chief business officer & president, and the board.

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

Conflict of interest. Part vi - goverance, management, disclosure. All governing board members and key employees are required to disclose their financial information and any possible conflicts of interest by filling out form 700, which is then filed in the county that the organization conducts business.

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

Salaries for top management and key employees. Form 990 part vi governance, management, and disclosure. Compensation for top management and key employees are reviewed by the board. Salaries are based upon availability of budget and comparable wages for similar positions in the industry.

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

How information is made public. Part vi- governance, management, disclosure. After approval from the board, financial statements are submitted periodically to the organization's authorizing agency, county office of education and the state controller's office. In addition, iftin charter school. Complies with the public records act which mandates disclosure of non-exempt governmental records to the public upon request. It also complies with the brown act which requires that iftin charter school provide public notice of all regular and special board meetings. All board meetings are open to the public.

Filing and Contact Details

Filer

Filer Name
Iftin Charter School
EIN
72-1585811
Phone
6192652411
Address
5465 EL CAJON BLVD, SAN DIEGO, CA 92115

Signing Officer

Name
Ali Hori
Title
Director
Signed
2018-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ali Hori
Formed
2006
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
102
Volunteers
7

Preparer

Firm
Wilkinson Hadley King Co LLP
Address
218 W Douglas Ave, El Cajon, CA 92020
Preparer
Kevin Sproul
Phone
6194476700
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The school follows provisions of uncertain tax positions as addressed in asc 958. The school recognizes accrued interest and penalties associated with uncertain tax positions as part of the income tax provision, when applicable. There are no amounts accrued in the financial statements related to uncertain tax positions for the year ended june 30, 2017.

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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0319087
IRS990/OtherExpensesGrp/Desc0Books and Supplies
IRS990/OtherExpensesGrp/Desc1District Oversight Fee
IRS990/OtherExpensesGrp/Desc2Operations and Housekeeping
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01910227
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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt04454699
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL FOLLOWS PROVISIONS OF UNCERTAIN TAX POSITIONS AS ADDRESSED IN ASC 958. THE SCHOOL RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS AS PART OF THE INCOME TAX PROVISION, WHEN APPLICABLE. THERE ARE NO AMOUNTS ACCRUED IN THE FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08464
IRS990ScheduleD/TotalExpensesPerForm990Amt04268289
IRS990ScheduleD/TotalRevenuePerForm990Amt04454699
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04454699
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04268289
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE STATEMENT IS PART OF THE CHARTER DOCUMENT
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROCESS TO REVIEW 990. PART VI- GOVERANCE, MANAGEMENT, DISCLOSURE. THE FORM 990 IS REVIEWED BY CHIEF BUSINESS OFFICER & PRESIDENT, AND THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST. PART VI - GOVERANCE, MANAGEMENT, DISCLOSURE. ALL GOVERNING BOARD MEMBERS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE THEIR FINANCIAL INFORMATION AND ANY POSSIBLE CONFLICTS OF INTEREST BY FILLING OUT FORM 700, WHICH IS THEN FILED IN THE COUNTY THAT THE ORGANIZATION CONDUCTS BUSINESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SALARIES FOR TOP MANAGEMENT AND KEY EMPLOYEES. FORM 990 PART VI GOVERNANCE, MANAGEMENT, AND DISCLOSURE. COMPENSATION FOR TOP MANAGEMENT AND KEY EMPLOYEES ARE REVIEWED BY THE BOARD. SALARIES ARE BASED UPON AVAILABILITY OF BUDGET AND COMPARABLE WAGES FOR SIMILAR POSITIONS IN THE INDUSTRY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3HOW INFORMATION IS MADE PUBLIC. PART VI- GOVERNANCE, MANAGEMENT, DISCLOSURE. AFTER APPROVAL FROM THE BOARD, FINANCIAL STATEMENTS ARE SUBMITTED PERIODICALLY TO THE ORGANIZATION'S AUTHORIZING AGENCY, COUNTY OFFICE OF EDUCATION AND THE STATE CONTROLLER'S OFFICE. IN ADDITION, IFTIN CHARTER SCHOOL. COMPLIES WITH THE PUBLIC RECORDS ACT WHICH MANDATES DISCLOSURE OF NON-EXEMPT GOVERNMENTAL RECORDS TO THE PUBLIC UPON REQUEST. IT ALSO COMPLIES WITH THE BROWN ACT WHICH REQUIRES THAT IFTIN CHARTER SCHOOL PROVIDE PUBLIC NOTICE OF ALL REGULAR AND SPECIAL BOARD MEETINGS. ALL BOARD MEETINGS ARE OPEN 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
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IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt04437417
IRS990/TotalEmployeeCnt0102
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0826204
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03442085
IRS990/TotalFunctionalExpensesGrp/TotalAmt04268289
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0139113
IRS990/TotalLiabilitiesEOYAmt0290934
IRS990/TotalLiabilitiesGrp/BOYAmt0139113
IRS990/TotalLiabilitiesGrp/EOYAmt0290934
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01967359
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02153769
IRS990/TotalOtherCompensationAmt023603
IRS990/TotalProgramServiceExpensesAmt03442085
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt064519
IRS990/TotalRevenueGrp/ExclusionAmt017282
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04454699
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02106472
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02444703
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt05237
IRS990/TravelGrp/TotalAmt05237
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01871811
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02125046
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.IFTINCHARTER.NET
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$4.77$2.55$2.22$7.37$7.41$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.12$0.85$2.27$5.98$5.97$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.67$0.42$2.25$4.66$4.41$0.25
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$0.25$2.00$3.89$3.89$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.21$0.21$2.00$4.01$3.90$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.07$0.19$1.88$3.67$3.94$0.27
2017Detailed filing. Detailed filing data is available for this year.$2.44$0.29$2.15$4.45$4.27$0.19
2016Summary only. Only limited summary data is available for this year.$2.11$0.14$1.97$4.41$3.62$0.79
2015Detailed filing. Detailed filing data is available for this year.$1.28$0.11$1.17$4.16$4.85$0.70
2014Detailed filing. Detailed filing data is available for this year.$2.00$0.34$1.67$4.15$3.88$0.26
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.65$0.24$1.40$3.83
2012Summary only. Only limited summary data is available for this year.$1.47$0.20$1.27$3.24$3.37$0.14
2011Summary only. Only limited summary data is available for this year.$1.51$0.11$1.41$2.84$2.61$0.23