Civic Intelligence

Vida Charter School

990 • Fiscal year 2016 • EIN 74-3226244

Jul 01, 2015 to Jun 30, 2016 • Filed on Apr 27, 2017

120 East BroadwayGettysburg, PA 17325

(215) 481-9777

Siviq Scores

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

Liabilities / Assets

98th percentile

1.92x

Higher debt load relative to assets than 98% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

88th percentile

1.49x

Higher debt load relative to revenue than 88% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

16th percentile

-18%

Higher net margin than 16% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

92nd percentile

58%

Faster asset growth than 92% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

58th percentile

5.9%

Faster revenue growth than 58% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$2,295,206

Up $840,403 (+58%) from 2015

Net Assets

Down

-$2,100,693

Down $535,734 (-34%) from 2015

Liabilities

Up

$4,395,899

Up $1,376,137 (+46%) from 2015

Revenue

Up

$2,951,981

Up $164,943 (+5.9%) from 2015

Expenses

Up

$3,487,715

Up $761,851 (+28%) from 2015

Net Income

Down

-$535,734

Down $596,908 (-976%) from 2015

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$0-$2.0M-$4.0MAssets 2011: $310,899Liabilities 2011: $92,579Net Assets 2011: $218,3202011Assets 2012: $661,930Liabilities 2012: $113,064Net Assets 2012: $548,8662012Assets 2014: $1,311,957Liabilities 2014: $246,168Net Assets 2014: $1,065,7892014Assets 2015: $1,454,803Liabilities 2015: $3,019,762Net Assets 2015: -$1,564,9592015Assets 2016: $2,295,206Liabilities 2016: $4,395,899Net Assets 2016: -$2,100,6932016Assets 2017: $2,290,340Liabilities 2017: $4,647,783Net Assets 2017: -$2,357,4432017Assets 2018: $1,936,333Liabilities 2018: $4,357,669Net Assets 2018: -$2,421,3362018Assets 2019: $1,639,541Liabilities 2019: $3,745,156Net Assets 2019: -$2,105,6152019Assets 2020: $1,794,195Liabilities 2020: $3,168,171Net Assets 2020: -$1,373,9762020Assets 2021: $1,793,478Liabilities 2021: $2,470,024Net Assets 2021: -$676,5462021Assets 2022: $4,506,872Liabilities 2022: $4,719,613Net Assets 2022: -$212,7412022Assets 2023: $3,699,766Liabilities 2023: $3,652,938Net Assets 2023: $46,8282023

Highlighted filing

2016

Assets$2,295,206
Liabilities$4,395,899
Net Assets-$2,100,693

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $938,404Expenses 2011: $831,167Net Income 2011: $107,2372011Revenue 2012: $1,710,873Expenses 2012: $1,391,643Net Income 2012: $319,2302012Revenue 2014: $2,534,311Expenses 2014: $2,371,773Net Income 2014: $162,5382014Revenue 2015: $2,787,038Expenses 2015: $2,725,864Net Income 2015: $61,1742015Revenue 2016: $2,951,981Expenses 2016: $3,487,715Net Income 2016: -$535,7342016Revenue 2017: $3,087,597Expenses 2017: $3,344,347Net Income 2017: -$256,7502017Revenue 2018: $3,334,458Expenses 2018: $3,246,841Net Income 2018: $87,6172018Revenue 2019: $3,597,465Expenses 2019: $3,281,744Net Income 2019: $315,7212019Revenue 2020: $3,658,859Expenses 2020: $2,927,220Net Income 2020: $731,6392020Revenue 2021: $3,468,215Expenses 2021: $2,770,785Net Income 2021: $697,4302021Revenue 2022: $3,583,206Expenses 2022: $3,119,401Net Income 2022: $463,8052022Revenue 2023: $4,021,921Expenses 2023: $3,762,353Net Income 2023: $259,5682023

Highlighted filing

2016

Revenue$2,951,981
Expenses$3,487,715
Net Income-$535,734
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Apr 27, 2017
Return Version
2015v3.0
Gross Receipts
$2,951,981
Mission and Program Overview

Mission

Vida charter school believes in preparing children for life by nourishing the student's mind & bodies literacy & numeracy, taught in english & spanish, will foster success in a diverse world while an emphasis on health, physical fitness & character education will ensure a holistic approach to a rigorous curriculum.

Vida charter school believes in preparing children for life by nourishing the students' minds and bodies. Literacy and numeracy, taught in english and spanish, will foster success in a diverse world while an emphasis on health, physical fitness, and character education will ensure a holistic approach to a rigorous curriculm.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,039,599$1,037,743▼ $1,856
Land, Buildings, and Equipment, Net$108,953$148,819▲ $39,866
Prepaid Expenses and Deferred Charges$24,271$69,738▲ $45,467
Accounts Receivable$259,242$561▼ $258,681
Total Assets$1,454,803$2,295,206▲ $840,403
Other Assets Total$22,738$1,038,345▲ $1,015,607
Liabilities
Other Liabilities$2,929,000$4,009,000▲ $1,080,000
Accounts Payable and Accrued Expenses$90,762$386,899▲ $296,137
Total Liabilities$3,019,762$4,395,899▲ $1,376,137
Net Assets / Fund Balance
Unrestricted Net Assets$-1,564,959$-2,100,693▼ $535,734
Total Net Assets Fund Balance$-1,564,959$-2,100,693▼ $535,734
Total Liabilities and Net Assets / Fund Balance$1,454,803$2,295,206▲ $840,403

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$54,304$93,565$147,869
Equipment$94,515$37,571$132,086
Other Assets Org$22,738--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,951,981
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-535,734

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,951,981
Total Revenue per Audited Statements
$2,951,981
Total Revenue per Form 990
$2,951,981
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,292,600
Other Expenses$1,195,115
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,150,172$221,539-$1,371,711
Pension Plan Contributions$452,329$47,215-$499,544
Occupancy$397,710$70,184-$467,894
Other Employee Benefits$265,168$30,644-$295,812
Fees for Services Other$172,482$63,889-$236,371
Payroll Taxes$105,849$19,684-$125,533
Fees for Services Accounting-$78,472-$78,472
Fees for Services Legal-$72,232-$72,232
Depreciation Depletion$53,786--$53,786
Other Expenses$20,872$24,668-$24,668
All Other Expenses$20,987$2,794-$23,781
Insurance-$20,211-$20,211
Office Expenses-$12,495-$12,495
Advertising-$2,205-$2,205
Total Functional Expenses$2,801,767$685,948$0$3,487,715

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,487,715
Total Expenses per Audited Statements$3,487,715
Total Expenses per Form 990$3,487,715
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
Pension Liability$3,985,000
Deferred Inflows$24,000
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, Page 6, Part VI, Line 11B

All members of the board of trustees review the 990 prior to filing.

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

Conflict of interest policies are completed annually.

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

The board of trustees approves all compensation.

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

The board of trustees approves all compensation.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Vida Charter School
EIN
74-3226244
Address
120 EAST BROADWAY, GETTYSBURG, PA 17325

Signing Officer

Name
Kevin Cocoran
Title
Controller
Phone
7173343643
Signed
2017-04-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lynn Marie Leonard
Formed
2010
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
5
Employees
43
Volunteers
40

Preparer

Firm
Lopez Teodosio & Larkin LLC
Address
413 EXECUTIVE DRIVE, LANGHORNE, PA 19047
Preparer
Peter D Place
Phone
2155791580
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Vida charter school believes in preparing children for life by nourishing the students' minds and bodies. Literacy and numeracy, taught in english and spanish, will foster success in a diverse world while an emphasis on health, physical fitness, and character education will ensure a holistic approach to a rigorous curriculm.

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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0CHARTER SCHOOL LAW PROHIBITS DISCRIMINATION.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1AS A PUBLIC SCHOOL, THE ORGANIZATION RECEIVES REVENUES FROM LOCAL, STATE, AND FEDERAL AGENCIES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VIDA CHARTER SCHOOL BELIEVES IN PREPARING CHILDREN FOR LIFE BY NOURISHING THE STUDENTS' MINDS AND BODIES. LITERACY AND NUMERACY, TAUGHT IN ENGLISH AND SPANISH, WILL FOSTER SUCCESS IN A DIVERSE WORLD WHILE AN EMPHASIS ON HEALTH, PHYSICAL FITNESS, AND CHARACTER EDUCATION WILL ENSURE A HOLISTIC APPROACH TO A RIGOROUS CURRICULM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL MEMBERS OF THE BOARD OF TRUSTEES REVIEW THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST POLICIES ARE COMPLETED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF TRUSTEES APPROVES ALL COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF TRUSTEES APPROVES ALL COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990/WebsiteAddressTxt0WWW.VIDACHARTERSCHOOL.COM
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN COCORAN
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ReturnHeader/BusinessOfficerGrp/SignatureDt02017-04-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VIDA CHARTER SCHOOL
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0233007072

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