Civic Intelligence

Sierra Charter School

990 • Fiscal year 2016 • EIN 77-0499339

Jul 01, 2015 to Jun 30, 2016 • Filed on Mar 16, 2017

1931 North FineFresno, CA 93727

(559) 490-4290

Siviq Scores

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

Liabilities / Assets

26th percentile

0.01x

Higher debt load relative to assets than 26% of similar nonprofits.

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

Liabilities / Revenue

19th percentile

0.01x

Higher debt load relative to revenue than 19% of similar nonprofits.

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

Net Margin

64th percentile

7.2%

Higher net margin than 64% of similar nonprofits.

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

Top Officer Pay

81st percentile

$138,781

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

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

Asset Growth

72nd percentile

10%

Faster asset growth than 72% of similar nonprofits.

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

Revenue Growth

66th percentile

10%

Faster revenue growth than 66% of similar nonprofits.

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

Assets

Up

$2,618,534

Up $239,360 (+10%) from 2015

Net Assets

Up

$2,589,000

Up $357,905 (+16%) from 2015

Liabilities

Down

$29,534

Down $118,545 (-80%) from 2015

Revenue

Up

$4,956,729

Up $468,670 (+10%) from 2015

Expenses

Up

$4,598,824

Up $22,628 (+0.5%) from 2015

Net Income

Up

$357,905

Up $446,042 (+506%) 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$0Assets 2011: $2,142,163Liabilities 2011: $327,557Net Assets 2011: $1,814,6062011Assets 2012: $2,130,584Liabilities 2012: $46,007Net Assets 2012: $2,084,5772012Assets 2013: $2,307,172Liabilities 2013: $41,049Net Assets 2013: $2,266,1232013Assets 2014: $2,418,163Liabilities 2014: $98,931Net Assets 2014: $2,319,2322014Assets 2015: $2,379,174Liabilities 2015: $148,079Net Assets 2015: $2,231,0952015Assets 2016: $2,618,534Liabilities 2016: $29,534Net Assets 2016: $2,589,0002016Assets 2017: $2,670,694Liabilities 2017: $27,772Net Assets 2017: $2,642,9222017Assets 2018: $2,732,805Liabilities 2018: $30,408Net Assets 2018: $2,702,3972018Assets 2019: $2,986,952Liabilities 2019: $74,089Net Assets 2019: $2,912,8632019Assets 2020: $3,232,039Liabilities 2020: $47,640Net Assets 2020: $3,184,3992020Assets 2021: $3,307,009Liabilities 2021: $62,481Net Assets 2021: $3,244,5282021Assets 2022: $4,152,916Liabilities 2022: $801,507Net Assets 2022: $3,351,4092022Assets 2023: $5,283,377Liabilities 2023: $1,397,612Net Assets 2023: $3,885,7652023Assets 2024: $5,940,396Liabilities 2024: $1,864,467Net Assets 2024: $4,075,9292024

Highlighted filing

2016

Assets$2,618,534
Liabilities$29,534
Net Assets$2,589,000

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $5,321,968Expenses 2011: $5,044,452Net Income 2011: $277,5162011Expenses 2012: $4,607,0012012Revenue 2013: $4,645,131Expenses 2013: $4,463,585Net Income 2013: $181,5462013Revenue 2014: $4,851,348Expenses 2014: $4,798,239Net Income 2014: $53,1092014Revenue 2015: $4,488,059Expenses 2015: $4,576,196Net Income 2015: -$88,1372015Revenue 2016: $4,956,729Expenses 2016: $4,598,824Net Income 2016: $357,9052016Revenue 2017: $4,897,875Expenses 2017: $4,843,953Net Income 2017: $53,9222017Revenue 2018: $5,103,788Expenses 2018: $5,044,313Net Income 2018: $59,4752018Revenue 2019: $5,603,687Expenses 2019: $5,393,221Net Income 2019: $210,4662019Revenue 2020: $5,828,096Expenses 2020: $5,556,560Net Income 2020: $271,5362020Revenue 2021: $6,060,751Expenses 2021: $6,000,622Net Income 2021: $60,1292021Revenue 2022: $5,550,879Expenses 2022: $5,443,998Net Income 2022: $106,8812022Revenue 2023: $6,806,221Expenses 2023: $6,271,865Net Income 2023: $534,3562023Revenue 2024: $6,620,167Expenses 2024: $6,430,003Net Income 2024: $190,1642024

Highlighted filing

2016

Revenue$4,956,729
Expenses$4,598,824
Net Income$357,905
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 16, 2017
Return Version
2015v3.0
Gross Receipts
$4,956,729
Mission and Program Overview

Mission

The mission of the organization is to operate a california charter public school under part 26.8 of the california education code.

Education of students grades k-12

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,876,841$2,045,507▲ $168,666
Accounts Receivable$385,461$487,544▲ $102,083
Prepaid Expenses and Deferred Charges$111,124$82,034▼ $29,090
Land, Buildings, and Equipment, Net$5,748$3,449▼ $2,299
Total Assets$2,379,174$2,618,534▲ $239,360
Liabilities
Deferred Revenue$57,256$0▼ $57,256
Accounts Payable and Accrued Expenses$90,823$29,534▼ $61,289
Total Liabilities$148,079$29,534▼ $118,545
Net Assets / Fund Balance
Unrestricted Net Assets$2,225,347$2,585,551▲ $360,204
Temporarily Rstr Net Assets$5,748$3,449▼ $2,299
Total Net Assets Fund Balance$2,231,095$2,589,000▲ $357,905
Total Liabilities and Net Assets / Fund Balance$2,379,174$2,618,534▲ $239,360

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,449$60,602-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lisa MarascoDirector/principal/CEOFT$138,781$138,781
Dwayne StewartTechnology Director/studenFT$137,630$137,630
Sherry IidaSecretary/business DirectoFT$137,228$137,228

Board Members and Trustees

NameTitle
Charlotte NunnDirector
Frank KrausDirector
Joann EvansDirector
Lupe Delgado GarciaDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$4,954,947
Program Service Revenue
$0
Investment Income
$1,782
Other Revenue
$0
Change in Net Assets
$357,905

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,956,729
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,956,729
Total Revenue per Form 990
$4,956,729
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,692,373
Other Expenses$906,451
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,125,496$76,628-$2,202,124
Other Employee Benefits$1,021,457$55,153-$1,076,610
Current Officers, Directors, Trustees, and Key Employees$344,772$68,867-$413,639
Occupancy$246,479$52,260-$298,739
All Other Expenses$32,039$58,124-$90,163
Other Expenses$45,686$10,173-$55,859
Insurance$3,548$31,473-$35,021
Travel$11,037$978-$12,015
Fees for Services Legal-$9,347-$9,347
Depreciation Depletion$2,299--$2,299
Advertising-$2,250-$2,250
Total Functional Expenses$4,186,955$411,869$0$4,598,824

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,598,824
Total Expenses per Audited Statements$4,598,824
Total Expenses per Form 990$4,598,824
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
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, Part VI, Section B, Line 11

The 990 is reviewed by the business director and is then taken before the governing board for review and approval.

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

This is a small organization with only three administrators that work closely together to monitor any potential conflict by inquiring of vendors/entites before doing business.

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

Ceo is compared with comparability data and has a contract with the governing board. The key employees are employed by ceo and compensation is determined by ceo based on scope of their positions.

Form 990, Part VI, Section C, Line 19

All governing policies, conflict of interest policy and financial statements are reviewed and approved by the governing board during an open public board meeting. The board meeting agenda is posted for the public one week before the actual board meeting. After approval all of the documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Sierra Charter School
EIN
77-0499339
Phone
5594904290
Address
1931 NORTH FINE, FRESNO, CA 93727

Signing Officer

Name
Lisa Marasco
Title
Principal / CEO
Phone
5594904290
Signed
2017-03-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Marasco
Formed
1998
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
4
Employees
46
Volunteers
0

Preparer

Firm
Dedekian George Small & Markarian
Address
8080 N PALM AVE STE 201, FRESNO, CA 93711-5797
Preparer
Randall Sakamoto
Phone
5594315500
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

There has been no change in committee oversight review or selection process for oversight committee from prior year.

Raw XML Appendix379 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd00
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd00
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ENROLLMENT APPLICATIONS, WEB-SITE AND SCHOOL BROCHURES
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL DOES NOT OFFER SCHOLARSHIPS OR OTHER FINANCIAL ASSISTANCE
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE BUSINESS DIRECTOR AND IS THEN TAKEN BEFORE THE GOVERNING BOARD FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THIS IS A SMALL ORGANIZATION WITH ONLY THREE ADMINISTRATORS THAT WORK CLOSELY TOGETHER TO MONITOR ANY POTENTIAL CONFLICT BY INQUIRING OF VENDORS/ENTITES BEFORE DOING BUSINESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CEO IS COMPARED WITH COMPARABILITY DATA AND HAS A CONTRACT WITH THE GOVERNING BOARD. THE KEY EMPLOYEES ARE EMPLOYED BY CEO AND COMPENSATION IS DETERMINED BY CEO BASED ON SCOPE OF THEIR POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING POLICIES, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE REVIEWED AND APPROVED BY THE GOVERNING BOARD DURING AN OPEN PUBLIC BOARD MEETING. THE BOARD MEETING AGENDA IS POSTED FOR THE PUBLIC ONE WEEK BEFORE THE ACTUAL BOARD MEETING. AFTER APPROVAL ALL OF THE DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE HAS BEEN NO CHANGE IN COMMITTEE OVERSIGHT REVIEW OR SELECTION PROCESS FOR OVERSIGHT COMMITTEE FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt05748
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt03449
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02379174
IRS990/TotalAssetsEOYAmt02618534
IRS990/TotalAssetsGrp/BOYAmt02379174
IRS990/TotalAssetsGrp/EOYAmt02618534
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt04954947
IRS990/TotalEmployeeCnt046
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0411869
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04186955
IRS990/TotalFunctionalExpensesGrp/TotalAmt04598824
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0148079
IRS990/TotalLiabilitiesEOYAmt029534
IRS990/TotalLiabilitiesGrp/BOYAmt0148079
IRS990/TotalLiabilitiesGrp/EOYAmt029534
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02231095
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02589000
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt04186955
IRS990/TotalReportableCompFromOrgAmt0413639
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01782
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04956729
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02379174
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02618534
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0978
IRS990/TravelGrp/ProgramServicesAmt011037
IRS990/TravelGrp/TotalAmt012015
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02225347
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02585551
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01931 NORTH FINE
IRS990/USAddress/CityNm0FRESNO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd093727
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.SIERRACHARTER.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LISA MARASCO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRINCIPAL / CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum05594904290
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SIERRA CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0SIER
ReturnHeader/Filer/EIN0770499339
ReturnHeader/Filer/PhoneNum05594904290
ReturnHeader/Filer/USAddress/AddressLine1Txt01931 NORTH FINE
ReturnHeader/Filer/USAddress/CityNm0FRESNO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd093727
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0770000369
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DEDEKIAN GEORGE SMALL & MARKARIAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08080 N PALM AVE STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FRESNO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0937115797
ReturnHeader/PreparerPersonGrp/PhoneNum05594315500
ReturnHeader/PreparerPersonGrp/PreparationDt02017-03-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RANDALL SAKAMOTO
ReturnHeader/ReturnTs02017-03-16T12:22:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.94$1.86$4.08$6.62$6.43$0.19
2023Detailed filing. Detailed filing data is available for this year.$5.28$1.40$3.89$6.81$6.27$0.53
2022Detailed filing. Detailed filing data is available for this year.$4.15$0.80$3.35$5.55$5.44$0.11
2021Detailed filing. Detailed filing data is available for this year.$3.31$0.06$3.24$6.06$6.00$0.06
2020Detailed filing. Detailed filing data is available for this year.$3.23$0.05$3.18$5.83$5.56$0.27
2019Detailed filing. Detailed filing data is available for this year.$2.99$0.07$2.91$5.60$5.39$0.21
2018Detailed filing. Detailed filing data is available for this year.$2.73$0.03$2.70$5.10$5.04$0.06
2017Detailed filing. Detailed filing data is available for this year.$2.67$0.03$2.64$4.90$4.84$0.05
2016Detailed filing. Detailed filing data is available for this year.$2.62$0.03$2.59$4.96$4.60$0.36
2015Summary only. Only limited summary data is available for this year.$2.38$0.15$2.23$4.49$4.58$0.09
2014Summary only. Only limited summary data is available for this year.$2.42$0.10$2.32$4.85$4.80$0.05
2013Summary only. Only limited summary data is available for this year.$2.31$0.04$2.27$4.65$4.46$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$0.05$2.08$4.61
2011Summary only. Only limited summary data is available for this year.$2.14$0.33$1.81$5.32$5.04$0.28