Civic Intelligence

Leadership Public Schools Inc.

990 • Fiscal year 2015 • EIN 73-1643646

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 09, 2016

Organization ProfileWWW.LEADPS.ORG
344 Thomas L Berkley Way 340Oakland, CA 94612

(510) 830-3780

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.26x

Higher debt load relative to assets than 52% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

39th percentile

0.16x

Higher debt load relative to revenue than 39% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

60th percentile

5.9%

Higher net margin than 60% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

58th percentile

$195,897

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

73rd percentile

8.3%

Faster asset growth than 73% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

54th percentile

4.8%

Faster revenue growth than 54% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Up

$10,442,022

Up $797,971 (+8.3%) from 2014

Net Assets

Up

$7,769,282

Up $984,591 (+15%) from 2014

Liabilities

Down

$2,672,740

Down $186,620 (-6.5%) from 2014

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin60th percentile

Revenue

Up

$16,706,470

Up $770,046 (+4.8%) from 2014

Expenses

Up

$15,721,879

Up $897,962 (+6.1%) from 2014

Net Income

Down

$984,591

Down $127,916 (-11%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

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

$100M$50M$0Assets 2010: $7,305,914Liabilities 2010: $2,503,145Net Assets 2010: $4,802,7692010Assets 2011: $7,432,675Liabilities 2011: $2,134,853Net Assets 2011: $5,297,8222011Assets 2012: $8,962,479Liabilities 2012: $2,276,595Net Assets 2012: $6,685,8842012Assets 2013: $9,609,518Liabilities 2013: $2,510,639Net Assets 2013: $7,098,8792013Assets 2014: $9,644,051Liabilities 2014: $2,859,360Net Assets 2014: $6,784,6912014Assets 2015: $10,442,022Liabilities 2015: $2,672,740Net Assets 2015: $7,769,2822015Assets 2016: $11,289,444Liabilities 2016: $2,603,834Net Assets 2016: $8,685,6102016Assets 2017: $13,484,300Liabilities 2017: $5,204,882Net Assets 2017: $8,279,4182017Assets 2018: $13,585,791Liabilities 2018: $4,839,113Net Assets 2018: $8,746,6782018Assets 2019: $14,319,605Liabilities 2019: $4,741,851Net Assets 2019: $9,577,7542019Assets 2020: $23,898,830Liabilities 2020: $14,019,174Net Assets 2020: $9,879,6562020Assets 2021: $27,341,294Liabilities 2021: $11,374,682Net Assets 2021: $15,966,6122021Assets 2022: $27,214,185Liabilities 2022: $9,359,822Net Assets 2022: $17,854,3632022Assets 2023: $83,110,521Liabilities 2023: $60,049,385Net Assets 2023: $23,061,1362023Assets 2024: $84,807,405Liabilities 2024: $45,837,657Net Assets 2024: $38,969,7482024

Highlighted filing

2015

Assets$10,442,022
Liabilities$2,672,740
Net Assets$7,769,282
Open 2015 Filing

Operations Trend

Revenue Growth54th percentile

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

$60M$40M$20M$0-$20MExpenses 2010: $12,312,3282010Expenses 2011: $13,271,0882011Expenses 2012: $14,117,2542012Expenses 2013: $15,209,6002013Revenue 2014: $15,936,424Expenses 2014: $14,823,917Net Income 2014: $1,112,5072014Revenue 2015: $16,706,470Expenses 2015: $15,721,879Net Income 2015: $984,5912015Revenue 2016: $19,708,198Expenses 2016: $18,791,870Net Income 2016: $916,3282016Revenue 2017: $19,522,641Expenses 2017: $19,928,833Net Income 2017: -$406,1922017Revenue 2018: $20,623,615Expenses 2018: $20,156,355Net Income 2018: $467,2602018Revenue 2019: $23,207,815Expenses 2019: $22,376,739Net Income 2019: $831,0762019Revenue 2020: $24,039,902Expenses 2020: $23,738,000Net Income 2020: $301,9022020Revenue 2021: $30,052,123Expenses 2021: $23,965,167Net Income 2021: $6,086,9562021Revenue 2022: $27,192,557Expenses 2022: $25,304,806Net Income 2022: $1,887,7512022Revenue 2023: $28,734,601Expenses 2023: $23,527,828Net Income 2023: $5,206,7732023Revenue 2024: $41,348,970Expenses 2024: $25,440,358Net Income 2024: $15,908,6122024

Highlighted filing

2015

Revenue$16,706,470
Expenses$15,721,879
Net Income$984,591
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 9, 2016
Return Version
2014v6.0
Gross Receipts
$16,706,470
Mission and Program Overview

Mission

To open and operate public charter schools in california.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,553,382$4,896,160▲ $1,342,778
Pledges and Grants Receivable$3,626,357$2,804,160▼ $822,197
Land, Buildings, and Equipment, Net$1,544,744$1,979,956▲ $435,212
Accounts Receivable$659,258$516,174▼ $143,084
Prepaid Expenses and Deferred Charges$125,036$109,892▼ $15,144
Total Assets$9,644,051$10,442,022▲ $797,971
Other Assets Total$135,274$135,680▲ $406
Liabilities
Accounts Payable and Accrued Expenses$2,734,360$2,181,574▼ $552,786
Other Liabilities$125,000$491,166▲ $366,166
Total Liabilities$2,859,360$2,672,740▼ $186,620
Net Assets / Fund Balance
Unrestricted Net Assets$6,565,583$7,566,174▲ $1,000,591
Temporarily Rstr Net Assets$219,108$203,108▼ $16,000
Total Net Assets Fund Balance$6,784,691$7,769,282▲ $984,591
Total Liabilities and Net Assets / Fund Balance$9,644,051$10,442,022▲ $797,971

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,956,077$985,723$2,941,800
Equipment$23,879$149,225$173,104
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Louise Bay WatersSuperintendeFT$175,000$20,897$195,897
Louise Bay WatersSuperintendent/CEO-$175,000$20,897$195,897
Edie HoffmanHr VPFT$127,500$17,121$144,621
Amy EpsteinDirector ofFT$120,500$22,323$142,823
Digiacomo EllenIt DirectorFT$111,000$26,191$137,191
Joe H PachecoDirector ofFT$120,750$10,527$131,277
Shawn BenjaminPrincipalFT$112,500$16,156$128,656
Soo Zee ParkCOOFT$92,556$14,967$107,523

Board Members and Trustees

NameTitle
Marsha DuganChair
D'LONRA ELLIS ESQVice-chair
Adam CiothMember
Amy SlaterMember
David FinkeMember
Prasad RamMember
Yolanda PeeksMember
Kevin KatariSecretary
Stu MclaughlinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$16,607,507
Program Service Revenue
$0
Investment Income
$407
Other Revenue
$98,556
All Other Contributions
$1,125,288
Change in Net Assets
$984,591

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$155,460
Total Noncash Contributions1$155,460

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,706,470
Total Revenue per Audited Statements
$16,706,470
Total Revenue per Form 990
$16,706,470
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,023,380
Other Expenses$4,698,499
Total Fundraising Expense$177,531
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,538,581$93,909$102,615$8,735,105
Fees for Services Other$1,106,252$26,806$12,941$1,145,999
Other Employee Benefits$1,028,827$24,930$12,035$1,065,792
Occupancy$906,062$21,955$10,599$938,616
Pension Plan Contributions$678,244$16,435$7,934$702,613
Office Expenses$420,305$10,184$4,917$435,406
Information Technology$369,171$8,946$4,318$382,435
Current Officers, Directors, Trustees, and Key Employees$233,697$118,659-$352,356
Depreciation Depletion$255,164$6,183$2,985$264,332
Fees for Services Management$197,105$4,776$2,306$204,187
Payroll Taxes$161,704$3,918$1,892$167,514
Travel$161,404$3,911$1,888$167,203
Insurance$99,670$2,415$1,166$103,251
Conferences and Meetings$24,652$597$288$25,537
Fees for Services Accounting$21,073$511$247$21,831
Interest$18,652$452$218$19,322
Other Expenses$12,245$297$143$12,685
Advertising$10,336$250$121$10,707
Fees for Services Legal$4,946$120$58$5,124
Total Functional Expenses$15,176,592$367,756$177,531$15,721,879

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$15,721,879
Total Expenses per Audited Statements$15,721,879
Total Expenses per Form 990$15,721,879
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
Loans Payable$491,166
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The governing board reviews the 990 tax return and verifies that the return accurately reflects the financial activities, service accomplishments, and other activities of the organization. The cfo guides this procedure.”

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

“Disclosure of interest in a contract, other transaction or program presented to or discussed by the board or board committee for authorization is made on a voluntary basis. The body to which such disclosure is made shall thereupon determine, by majority vote, whether the disclosure shows that a conflict of interest exists or can reasonably be construed to exist. If a conflict is deemed to exist, such person shall not vote on, nor use his or her personal influence on, nor be present during in the discussion or deliberations with respect to, such contract or transaction.”

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

“The compensation of the person is reviewed and approved by the board of trustees or executive committee provided that persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in this review and approval. The board and/or ceo will use reasonableness and market forces as a basis of review. There is no requirement that studies or surveys of comparable salaries in other organizations be done. However the board may chose at its discretion to use available information regarding comparable compensation for similarly qualified, persons in functionally comparable positions at similarly situated organizations.”

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

“See description above regarding form 990, part vi, line 15a”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Leadership Public Schools
EIN
73-1643646
Phone
5108303780
Address
344 THOMAS L BERKLEY WAY 340, OAKLAND, CA 94612

Signing Officer

Name
Louise Bay Waters
Title
CEO
Phone
5108303780
Signed
2016-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Louise Bay Waters
Formed
2002
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
9
Employees
209
Volunteers
15

Preparer

Firm
Vicenti Lloyd & Stutzman
Address
2210 E ROUTE 66 STE 100, GLENDORA, CA 91740-4676
Preparer
Wade Mcmullen CPA
Phone
6268577300
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Facilities cost write-off 0”

Financial Statement Notes

Schedule D, Page 3, Part X

“Lps is a non-profit entity exempt from the payment of income taxes under internal revenue code section 501(c) (3) and california revenues and taxation code section 23701d. Accordingly, no provision has been made for income taxes. Lps has evaluated its tax positions and the certainity as to whether those positions will be sustained in the event of an auidt by taxing authorities at the federal and state levels. The primary tax positions evaluated are related to lps continued qualification as a tax- exempt organization and whether there is unrelated business income activities conducted that would be taxable. Management has determined that all income tax positions are more likely than not (>50%) of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required. Lps files informational returns in the u.s. Federal jurisdiction, and the state of california. The statue of limitations for federal and california state purposes is generally three and four years respectively.”

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LPS IS A NON-PROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C) (3) AND CALIFORNIA REVENUES AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. LPS HAS EVALUATED ITS TAX POSITIONS AND THE CERTAINITY AS TO WHETHER THOSE POSITIONS WILL BE SUSTAINED IN THE EVENT OF AN AUIDT BY TAXING AUTHORITIES AT THE FEDERAL AND STATE LEVELS. THE PRIMARY TAX POSITIONS EVALUATED ARE RELATED TO LPS CONTINUED QUALIFICATION AS A TAX- EXEMPT ORGANIZATION AND WHETHER THERE IS UNRELATED BUSINESS INCOME ACTIVITIES CONDUCTED THAT WOULD BE TAXABLE. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT (>50%) OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. LPS FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION, AND THE STATE OF CALIFORNIA. THE STATUE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS RESPECTIVELY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,442,022
Liabilities
$2,672,740
Net assets
$7,769,282
Revenue
$16,706,470
Expenses
$15,721,879
Net income
$984,591
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$84.8$45.8$39.0$41.3$25.4$15.9
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$83.1$60.0$23.1$28.7$23.5$5.21
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.2$9.36$17.9$27.2$25.3$1.89
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.3$11.4$16.0$30.1$24.0$6.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.9$14.0$9.88$24.0$23.7$0.30
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.3$4.74$9.58$23.2$22.4$0.83
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.6$4.84$8.75$20.6$20.2$0.47
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.5$5.20$8.28$19.5$19.9$0.41
2016Detailed filing. Detailed filing data is available for this year.$11.3$2.60$8.69$19.7$18.8$0.92
2015Detailed filing. Detailed filing data is available for this year.$10.4$2.67$7.77$16.7$15.7$0.98
2014Detailed filing. Detailed filing data is available for this year.$9.64$2.86$6.78$15.9$14.8$1.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.61$2.51$7.10$15.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.96$2.28$6.69$14.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.43$2.13$5.30$13.3
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.31$2.50$4.80$12.3