Karat School of Learning

990EZ • Fiscal year 2013 • EIN 80-0551373

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 10, 2014

Organization Profile KARATLEARNING.ORG

2027 Timbercrest Drive15601

(724) 493-7065

Siviq Scores

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

3.27x

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

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

0.92x

Higher debt load relative to revenue than 95% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

2.5%

Higher net margin than 49% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Higher top officer pay than 73% of similar nonprofits.

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

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

-6.5%

Faster asset growth than 33% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

-12%

Faster revenue growth than 30% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Balance Sheet

Liabilities / Assets98th percentile

Assets

Down

$24,070

Down $1,667 (-6.5%) from 2012

Net Assets

-$54,632

Up $2,184 (+3.8%) from 2012

Liabilities

Down

$78,702

Down $3,851 (-4.7%) from 2012

Revenue And Expenses

Liabilities / Revenue95th percentile Net Margin49th percentile

Revenue

Down

$85,771

Down $11,434 (-12%) from 2012

Expenses

Down

$83,587

Down $33,017 (-28%) from 2012

Net Income

$2,184

Up $21,583 (+111%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

Highlighted filing

2013

Assets$24,070

Liabilities$78,702

Net Assets-$54,632

Open 2013 Filing

Operations Trend

Revenue Growth30th percentile

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

Highlighted filing

2013

Revenue$85,771

Expenses$83,587

Net Income$2,184

Open 2013 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2013 to Dec 31, 2013
Signed: Nov 10, 2014
Return Version: 2013v3.1
Gross Receipts: $86,723

Mission and Program Overview

Mission

Operation of an instructional school facility

Program Services

Description	Grants	Expenses
OPERATION OF AN INSTRUCTIONAL SCHOOL FACILITY, PROGRAMS AND ACTIVITIES IN AN INTEFRATED, PROJECT-BASED LEARNING EVIRONMEN. PROGRAMS ARE ESTABLISHED FOR STUDENTS WHOSE LEARNING STYLES DIFFER FROM TRADITIONAL LEARNING METHODS	-	$13,523

Compensation and Service Providers

Top Officer Pay73rd percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
-	Sec/Treas	FT	$0	-	-
-	President	PT	$0	-	-
MICHELLE HOKE	Director/Parent Advocate	-	$0	-	-
-	Director/Community Liaison	-	$0	-	-

Filing and Contact Details

Filer

EIN: 80-0551373
Phone: 7244937065

Signing Officer

Name: Susan Mcdonald
Title: Secretary/treasurer
Phone: 7244937065
Signed: 2014-11-10

Preparer

Preparer: Michael T Blissman
Phone: 7248365990

Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“Business registration fees 200. Equipment rental and maintenance 404. Bank service charges 352. Program expenses 13523. Membership and dues 90. Advertising 7012. Interest expense 1756. Other costs 524. Conference, convention, meeting 238. Parking & tolls 138. Fuel 1196. Meal & entertainment 10. Depreciation 3979. Amortization 130. Contributions 210.”

Form 990EZ, Part II, Line 26

“Payroll liabilities 4633. 409. Standard bank-loc 19925. 19989. Loan payable-standard bank 15638. 11861. Loans from officers 42357. 46443.”

Raw XML Appendix163 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.

Path	#	Value
IRS990EZ/ActivitiesNotPreviouslyRptInd	0	false
IRS990EZ/BooksInCareOfDetail/PersonNm	0	SUSAN MCDONALD
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	7244205316
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1	0	2027 TIMBERCREST DRIVE
IRS990EZ/BooksInCareOfDetail/USAddress/City	0	GREENSBURG
IRS990EZ/BooksInCareOfDetail/USAddress/State	0	PA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCode	0	15601
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	3658
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	6100
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	false
IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	75240
IRS990EZ/CostOfGoodsSoldAmt	0	0
IRS990EZ/CostOrOtherBasisExpenseSaleAmt	0	0
IRS990EZ/DonorAdvisedFndsInd	0	false
IRS990EZ/EngagedInExcessBenefitTransInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	2184
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	2129
IRS990EZ/ForeignFinancialAccountInd	0	false
IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	25737
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	24070
IRS990EZ/FundraisingGrossIncomeAmt	0	688
IRS990EZ/GainOrLossFromSaleOfAssetsAmt	0	0
IRS990EZ/GamingGrossIncomeAmt	0	0
IRS990EZ/GrossProfitLossSlsOfInvntryAmt	0	0
IRS990EZ/GrossReceiptsAmt	0	86723
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InvestmentIncomeAmt	0	0
IRS990EZ/LandAndBuildingsGrp/BOYAmt	0	22079
IRS990EZ/LandAndBuildingsGrp/EOYAmt	0	17970
IRS990EZ/LoansToFromOfficersAmt	0	46443
IRS990EZ/LobbyingActivitiesInd	0	false
IRS990EZ/MadeLoansToFromOfficersInd	0	true
IRS990EZ/MembershipDuesAmt	0	0
IRS990EZ/MethodOfAccountingCashInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	-56816
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	-54632
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	-56816
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	-54632
IRS990EZ/OccupancyRentUtltsAndMaintAmt	0	27088
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	40.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	10.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	2	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	3	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/BusinessName/BusinessNameLine1	0	SUSAN MCDONALD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/BusinessName/BusinessNameLine1	1	KAREN PHILLIPS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/BusinessName/BusinessNameLine1	2	LISA TIDWELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	MICHELLE HOKE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	SEC/TREAS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	DIRECTOR/PARENT ADVOCATE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	3	DIRECTOR/COMMUNITY LIAISON
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherExpensesTotalAmt	0	29762
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	OPERATION OF AN INSTRUCTIONAL SCHOOL FACILITY
IRS990EZ/PrintingPublicationsPostageAmt	0	70
IRS990EZ/ProgramServiceRevenueAmt	0	10795
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	OPERATION OF AN INSTRUCTIONAL SCHOOL FACILITY, PROGRAMS AND ACTIVITIES IN AN INTEFRATED, PROJECT-BASED LEARNING EVIRONMEN. PROGRAMS ARE ESTABLISHED FOR STUDENTS WHOSE LEARNING STYLES DIFFER FROM TRADITIONAL LEARNING METHODS
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	13523
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/SalariesOtherCompEmplBnftAmt	0	24538
IRS990EZ/SchoolOperatingInd	0	true
IRS990EZ/SpecialEventsDirectExpensesAmt	0	952
IRS990EZ/SpecialEventsNetIncomeLossAmt	0	-264
IRS990EZ/StatesWhereCopyOfReturnIsFldCd	0	PA
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	82553
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	78702
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	83587
IRS990EZ/TotalProgramServiceExpensesAmt	0	13523
IRS990EZ/TotalRevenueAmt	0	85771
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	KARATLEARNING.ORG
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt	0	0
IRS990ScheduleA/InvestmentIncomeCYPct	0	0
IRS990ScheduleA/PublicSupportCY170Pct	0	0
IRS990ScheduleA/PublicSupportCY509Pct	0	0
IRS990ScheduleA/PublicSupportTotal170Amt	0	0
IRS990ScheduleA/PublicSupportTotal509Amt	0	0
IRS990ScheduleA/SchoolInd	0	X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt	0	RESTRICTED
IRS990ScheduleE/ComplianceWithRevProc7550Ind	0	true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd	0	false
IRS990ScheduleE/DiscriminateRaceAthltProgInd	0	false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd	0	false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd	0	false
IRS990ScheduleE/DiscriminateRaceOtherActyInd	0	false
IRS990ScheduleE/DiscriminateRaceSchsInd	0	false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd	0	false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd	0	false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd	0	false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd	0	false
IRS990ScheduleE/MaintainCpyOfAllSolInd	0	true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd	0	true
IRS990ScheduleE/MaintainRacialCompRecsInd	0	true
IRS990ScheduleE/MaintainScholarshipsRecsInd	0	true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd	0	true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd	0	true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd	0	true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt	0	PUBLISHED IN A NEWSPAPER OF GENERAL CIRCULATION
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Line 3
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt	0	46443
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd	0	true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd	0	false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd	0	X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt	0	WORKING CAPITAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt	0	43443
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm	0	SUSAN MCDONALD
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt	0	HEAD OF SCHOOL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd	0	false
IRS990ScheduleL/TotalBalanceDueAmt	0	46443
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	BUSINESS REGISTRATION FEES 200. EQUIPMENT RENTAL AND MAINTENANCE 404. BANK SERVICE CHARGES 352. PROGRAM EXPENSES 13523. MEMBERSHIP AND DUES 90. ADVERTISING 7012. INTEREST EXPENSE 1756. OTHER COSTS 524. CONFERENCE, CONVENTION, MEETING 238. PARKING & TOLLS 138. FUEL 1196. MEAL & ENTERTAINMENT 10. DEPRECIATION 3979. AMORTIZATION 130. CONTRIBUTIONS 210.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	PAYROLL LIABILITIES 4633. 409. STANDARD BANK-LOC 19925. 19989. LOAN PAYABLE-STANDARD BANK 15638. 11861. LOANS FROM OFFICERS 42357. 46443.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	Form 990EZ, Part II, Line 26
ReturnHeader/BuildTS	0	2015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/PersonNm	0	SUSAN MCDONALD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	7244937065
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2014-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1	0	KARAT SCHOOL OF LEARNING
ReturnHeader/Filer/BusinessNameControlTxt	0	KARA
ReturnHeader/Filer/EIN	0	800551373
ReturnHeader/Filer/PhoneNum	0	7244937065
ReturnHeader/Filer/USAddress/AddressLine1	0	2027 TIMBERCREST DRIVE
ReturnHeader/Filer/USAddress/City	0	GREENSBURG
ReturnHeader/Filer/USAddress/State	0	PA
ReturnHeader/Filer/USAddress/ZIPCode	0	15601
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1	0	MICHAEL T BLISSMAN CPA & CO LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1	0	5542 PLEASANT UNITY ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City	0	LATROBE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State	0	PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode	0	15650
ReturnHeader/PreparerPersonGrp/PhoneNum	0	7248365990
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	MICHAEL T BLISSMAN
ReturnHeader/ReturnTs	0	2014-11-09T12:03:31-08:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2013-01-01
ReturnHeader/TaxPeriodEndDt	0	2013-12-31
ReturnHeader/TaxYr	0	2013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $24,070
Liabilities: $78,702
Net assets: -$54,632
Revenue: $85,771
Expenses: $83,587
Net income: $2,184

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2013Detailed filing. Detailed filing data is available for this year.	$0.24	$0.79	$0.55	$0.86	$0.84	$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.26	$0.83	$0.57	$0.97	$1.17	$0.19
2011Summary only. Only limited summary data is available for this year.	$0.25	$0.62		$0.67	$0.97	$0.30