Civic Intelligence

The Sei Academy

990 • Fiscal year 2015 • EIN 76-0822396

Jul 01, 2014 to Jun 30, 2015 • Filed on May 15, 2016

3920 N Kerby AvenuePortland, OR 97227-1255

(503) 249-1721

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.59x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

30th percentile

0.03x

Higher debt load relative to revenue than 30% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

40th percentile

0.0%

Higher net margin than 40% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

93rd percentile

$272,432

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 22.7% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

12th percentile

-10%

Faster asset growth than 12% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

61st percentile

8.2%

Faster revenue growth than 61% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$69,337

Down $7,753 (-10%) from 2014

Net Assets

Up

$28,349

Up $572 (+2.1%) from 2014

Liabilities

Down

$40,988

Down $8,325 (-17%) from 2014

Revenue

Up

$1,199,271

Up $90,894 (+8.2%) from 2014

Expenses

Up

$1,198,699

Up $140,986 (+13%) from 2014

Net Income

Down

$572

Down $50,092 (-99%) from 2014

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: $162,957Liabilities 2010: $1,491,588Net Assets 2010: -$1,328,6312010Assets 2011: $107,095Liabilities 2011: $1,850,713Net Assets 2011: -$1,743,6182011Assets 2012: $38,502Liabilities 2012: $2,380,899Net Assets 2012: -$2,342,3972012Assets 2013: $14,277Liabilities 2013: $2,741,066Net Assets 2013: -$2,726,7892013Assets 2014: $77,090Liabilities 2014: $49,313Net Assets 2014: $27,7772014Assets 2015: $69,337Liabilities 2015: $40,988Net Assets 2015: $28,3492015Assets 2016: $58,018Liabilities 2016: $26,908Net Assets 2016: $31,1102016Assets 2017: $44,663Liabilities 2017: $13,550Net Assets 2017: $31,1132017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2015

Assets$69,337
Liabilities$40,988
Net Assets$28,349

Operations Trend

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

$1.5M$1.0M$500K$0Expenses 2010: $1,137,3112010Expenses 2011: $1,158,1572011Expenses 2012: $1,162,9812012Expenses 2013: $1,079,5702013Revenue 2014: $1,108,377Expenses 2014: $1,057,713Net Income 2014: $50,6642014Revenue 2015: $1,199,271Expenses 2015: $1,198,699Net Income 2015: $5722015Revenue 2016: $1,187,371Expenses 2016: $1,184,610Net Income 2016: $2,7612016Revenue 2017: $881,737Expenses 2017: $881,734Net Income 2017: $32017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018

Highlighted filing

2015

Revenue$1,199,271
Expenses$1,198,699
Net Income$572
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 15, 2016
Return Version
2014v6.0
Gross Receipts
$1,199,271
Mission and Program Overview

Mission

Sei academy is a grades 6-8 public charter school dedicated to helping all students realize their full academic and personal potential. The academy is founded on the principles of integrity and respect and the self enhancement, inc. Tenet that every child will be successful.

The sei academy's mission is to support self enhancement, inc. By providing educational services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$47,255$43,108▼ $4,147
Cash and Non-Interest-Bearing Accounts$6,468$11,447▲ $4,979
Prepaid Expenses and Deferred Charges$13,067$10,096▼ $2,971
Land, Buildings, and Equipment, Net$10,300$4,686▼ $5,614
Total Assets$77,090$69,337▼ $7,753
Liabilities
Other Liabilities$14,243$21,379▲ $7,136
Accounts Payable and Accrued Expenses$35,070$19,609▼ $15,461
Total Liabilities$49,313$40,988▼ $8,325
Net Assets / Fund Balance
Unrestricted Net Assets$27,625$28,197▲ $572
Temporarily Rstr Net Assets$152$152→ $0
Total Net Assets Fund Balance$27,777$28,349▲ $572
Total Liabilities and Net Assets / Fund Balance$77,090$69,337▼ $7,753

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$847$49,372$50,219
Buildings$3,839$1,261$5,100
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tony L Hopson SrPresident
A W WilliamsDirector
Deborah CochraneDirector
Jamaal LaneDirector
Nathan JonesDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,194,990
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$4,281
All Other Contributions
$18,900
Change in Net Assets
$572
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$824,733
Other Expenses$373,966
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$588,659--$588,659
Pension Plan Contributions$107,802--$107,802
Fees for Services Other$86,730--$86,730
Payroll Taxes$66,413--$66,413
Other Employee Benefits$61,859--$61,859
Office Expenses$14,734--$14,734
Insurance$14,341--$14,341
Depreciation Depletion$5,615--$5,615
Other Expenses$669--$669
Total Functional Expenses$1,198,699$0$0$1,198,699
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 Self Enhancement Inc.$21,379
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Self enhancement inc. Has the right to participate in the organization's governance.

Form 990, Part VI, Section A, Line 7A

Self enhancement inc. Has the right to elect one or more members of the governing board.

Form 990, Part VI, Section A, Line 7B

The election or removal of trustees is subject to approval by self enhancement inc.

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

Organization does not currently have any committees.

Form 990, Part VI, Section B, Line 11

Copies of the return will be distributed via e-mail to all officers & directors for review prior to filing with the irs.

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

Review of potential conflicts for board of directors is done by officers. Review of potential conflicts for staff is done by human resources director.

Form 990, Part VI, Section B, Line 15B

The board reviews all compensation agreements and salary increases.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
The Sei Academy
EIN
76-0822396
Phone
5032491721
Address
3920 N KERBY AVENUE, PORTLAND, OR 97227-1255

Signing Officer

Name
Tony L Hopson Sr
Title
President
Phone
5032491721
Signed
2016-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tony L Hopson Sr
Formed
2005
Legal Domicile
Or
Voting Board Members
7
Independent Board Members
6
Employees
37
Volunteers
20

Preparer

Firm
Mcdonald Jacobs Pc
Address
520 SW YAMHILL ST STE 500, PORTLAND, OR 97204
Preparer
Sang Ahn
Phone
5032270581
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The organization follows the provisions of fasb asc topic accounting for uncertainty in income taxes. Management has evaluated the organization's tax positions and concluded that there are no uncertain tax positions that require adjustment to the financial statements to comply with provisions of this topic.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0TONY L HOPSON SR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0ATHLETIC CLUB MEMBERSHIP FOR PRESIDENT NOT TREATED AS TAXABLE INCOME.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 1A
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SELF ENHANCEMENT INC. HAS THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SELF ENHANCEMENT INC. HAS THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ELECTION OR REMOVAL OF TRUSTEES IS SUBJECT TO APPROVAL BY SELF ENHANCEMENT INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ORGANIZATION DOES NOT CURRENTLY HAVE ANY COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COPIES OF THE RETURN WILL BE DISTRIBUTED VIA E-MAIL TO ALL OFFICERS & DIRECTORS FOR REVIEW PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5REVIEW OF POTENTIAL CONFLICTS FOR BOARD OF DIRECTORS IS DONE BY OFFICERS. REVIEW OF POTENTIAL CONFLICTS FOR STAFF IS DONE BY HUMAN RESOURCES DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD REVIEWS ALL COMPENSATION AGREEMENTS AND SALARY INCREASES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 2C:
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0SELF ENHANCEMENT INC
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SELF ENHANCEMENT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1SELF ENHANCEMENT FOUNDATION
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0YOUTH DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1SUPPORT SELF ENHANCEMENT, INC. THROUGH MANAGEMENT OF ENDOWMENT FUNDS
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IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
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IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0380870
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0SELF ENHANCEMENT INC
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04281
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