Civic Intelligence

Harbor Springs Charter School

EIN 80-0936234 • 501(c)3 • Temecula, CA

Pub. 78 Eligible

Profile

Our mission is to foster the innate curiosity of our students, empower thier parents, and promote optium learning by collaborativley developing a personalized learning for each student.

27740 Jefferson AveTemecula, CA 92590

www.springscs.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

80th percentile

0.62x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

78th percentile

1.03x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

70th percentile

15%

Higher net margin than 70% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

98th percentile

185%

Faster asset growth than 98% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

85th percentile

42%

Faster revenue growth than 85% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Up

$49,166,426

Up $21,069,874 (+75%) from 2023

Liabilities

Up

$39,329,792

Up $21,799,070 (+124%) from 2023

Net Assets

Down

$9,836,634

Down $729,196 (-6.9%) from 2023

Revenue

Down

$16,829,701

Down $219,640 (-1.3%) from 2023

Expenses

Up

$17,558,897

Up $3,099,308 (+21%) from 2023

Net Income

Down

-$729,196

Down $3,318,948 (-128%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2014: $1,082,516Liabilities 2014: $1,074,532Net Assets 2014: $7,9842014Assets 2015: $2,883,236Liabilities 2015: $2,609,936Net Assets 2015: $273,3002015Assets 2016: $3,697,877Liabilities 2016: $2,905,794Net Assets 2016: $792,0832016Assets 2017: $1,555,247Liabilities 2017: $499,412Net Assets 2017: $1,055,8352017Assets 2018: $1,625,176Liabilities 2018: $522,073Net Assets 2018: $1,103,1032018Assets 2019: $5,800,523Liabilities 2019: $2,986,551Net Assets 2019: $2,813,9722019Assets 2020: $6,947,913Liabilities 2020: $3,616,092Net Assets 2020: $3,331,8212020Assets 2021: $8,767,198Liabilities 2021: $2,282,322Net Assets 2021: $6,484,8762021Assets 2022: $9,860,906Liabilities 2022: $1,884,828Net Assets 2022: $7,976,0782022Assets 2023: $28,096,552Liabilities 2023: $17,530,722Net Assets 2023: $10,565,8302023Assets 2024: $49,166,426Liabilities 2024: $39,329,792Net Assets 2024: $9,836,6342024

Highlighted filing

2024

Assets$49,166,426
Liabilities$39,329,792
Net Assets$9,836,634

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MRevenue 2014: $1,599,928Expenses 2014: $1,591,944Net Income 2014: $7,9842014Revenue 2015: $4,314,375Expenses 2015: $4,049,059Net Income 2015: $265,3162015Revenue 2016: $7,282,241Expenses 2016: $6,763,458Net Income 2016: $518,7832016Revenue 2017: $7,356,763Expenses 2017: $7,093,011Net Income 2017: $263,7522017Revenue 2018: $7,666,717Expenses 2018: $7,619,449Net Income 2018: $47,2682018Revenue 2019: $9,720,832Expenses 2019: $8,009,963Net Income 2019: $1,710,8692019Revenue 2020: $10,442,357Expenses 2020: $9,924,508Net Income 2020: $517,8492020Revenue 2021: $12,110,649Expenses 2021: $8,957,594Net Income 2021: $3,153,0552021Revenue 2022: $11,988,538Expenses 2022: $10,497,336Net Income 2022: $1,491,2022022Revenue 2023: $17,049,341Expenses 2023: $14,459,589Net Income 2023: $2,589,7522023Revenue 2024: $16,829,701Expenses 2024: $17,558,897Net Income 2024: -$729,1962024

Highlighted filing

2024

Revenue$16,829,701
Expenses$17,558,897
Net Income-$729,196

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 5, 2025
Return Version
2023v6.0
Gross Receipts
$16,829,701
Mission and Program Overview

Mission

Our mission is to foster the innate curiosity of our students, empower thier parents, and promote optium learning by collaborativley developing a personalized learning for each student.

Our mission is to foster the innate curiosity of our students, empower their parents, and promote optium learning by collaboratively developing a personalized learning program for each student.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$10,834,721$13,291,027▲ $2,456,306
Land, Buildings, and Equipment, Net$11,997,131$13,148,838▲ $1,151,707
Accounts Receivable$2,215,925$1,857,559▼ $358,366
Prepaid Expenses and Deferred Charges$74,713$134,712▲ $59,999
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$28,096,552$49,166,426▲ $21,069,874
Other Assets Total$2,974,062$20,734,290▲ $17,760,228
Liabilities
Other Liabilities$15,485,014$36,920,692▲ $21,435,678
Accounts Payable and Accrued Expenses$1,521,636$2,166,967▲ $645,331
Deferred Revenue$524,072$242,133▼ $281,939
Total Liabilities$17,530,722$39,329,792▲ $21,799,070
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,565,830$9,836,634▼ $729,196
Total Net Assets Fund Balance$10,565,830$9,836,634▼ $729,196
Total Liabilities and Net Assets / Fund Balance$28,096,552$49,166,426▲ $21,069,874

Asset Categories

AssetBook ValueDepreciationBasis
Land$7,000,000-$7,000,000
Buildings$6,094,831$170,999$6,265,830
Other Land Buildings$54,007$235,795$289,802
Other Assets Org$43,700--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Robin DavisAdmin-Special AsstFT$113,689$113,689
Brenda BetsonController IIIFT$101,669$101,669
Kelly HarrelEducation SpecialiFT$98,719$98,719
Krissa JeldyEducation SpecialiFT$90,904$90,904
Erin TuliEducation SpecialiFT$72,767$72,767
Justin MoldenhauerDirector-$6,250$6,250
Marlene DarrowVice Chair-$6,250$6,250
Barbara Jean HeathSecretary-$6,000$6,000
Collin HarrisonTreasurer-$6,000$6,000
Jennifer AraizaChairman-$6,000$6,000
Jennifer MejaresDirector-$6,000$6,000
Debra DanielDirector-$2,250$2,250
andrea lynn bundyTreasurer-$1,000$1,000

Highest Paid Contractors

ContractorServicesLocationCompensation
Edtheory LLCSpEd Contracted services6701 Koll Center Pkwy Ste 250, PLeasanton, CA 94566$136,216
Charter Asset managementContracted services633 W 5th st 26th floor, Los Angeles, CA 90071$62,500
Schoolability LLCSoftware and Contracted sPO Box 21565, Albuquerque, NM 87154$56,302
Stndard & poors FinancialFinace institute500 Capitol Mall Suite 2350, Sacramento, CA 95814$40,000
Cwdl CpasAudit5151 MURPHY CANYON RD STE 135, San Diego, CA 92123$21,057
Revenue and Support

Revenue Composition

Contributions and Grants
$12,582,810
Program Service Revenue
$0
Investment Income
$293,927
Other Revenue
$3,952,964
Change in Net Assets
$-729,196

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,829,701
Total Revenue per Audited Statements
$16,829,701
Total Revenue per Form 990
$16,829,701
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,785,459
Other Expenses$7,773,438
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,596,303$605,182-$7,201,485
Fees for Services Other$2,454,748$580,911-$3,035,659
Other Employee Benefits$2,275,151$154,428-$2,429,579
All Other Expenses$929,706$222,209-$1,151,915
Other Expenses$692,513$36,335-$728,848
Travel$153,136$21,198-$174,334
Insurance$34,297$106,620-$140,917
Occupancy$98,803$30,946-$129,749
Payroll Taxes$99,301$15,344-$114,645
Current Officers, Directors, Trustees, and Key Employees$36,570$3,180-$39,750
Total Functional Expenses$15,018,173$2,540,724$0$17,558,897

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$17,558,897
Total Expenses per Audited Statements$17,558,897
Total Expenses per Form 990$17,558,897
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liabilities,$20,631,672
Loans Payable$16,267,876
Compensated Absences$21,144
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 35% controlled entity
No
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, Part VI, Section B, Line 11B

A preliminary return is sent to the assistant superintendent of business and an outside financial consultant for review. Questions and comments will be asked of the tax preparer and any changes will be made prior to filing, if necessary.

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

All employees and board members are required to disclose any conflicts of interest annually. The board will review all conflicts. If any conflicts are presented, the employee/board member will be prohibited to participate in the boards deliberations and decisions in the transaction(s).

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

The initial salaries and any updated salary amounts for management personnel are determined with the assistance of our independent administrative services provider, who assists in analyzing competitive area salaries. All management salaries are calculated in conjunction with our compensation committee and are board-approved.

Form 990, Part VI, Section C, Line 19

Many of the governing documents and conflict of interest policy are available on the organization's website. All other governing documents and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Harbor Springs Charter School
EIN
80-0936234
Phone
9512528800
Address
27740 JEFFERSON AVE, TEMECULA, CA 92590

Signing Officer

Name
Kathleen Hermsmeyer
Title
Superintendent
Signed
2025-05-05
Discuss with paid preparer
Yes

Organization Details

Formed
2013
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
CWDL CPAs
Address
3131 Camino Del Rio North Ste 820, San Diego, CA 92108
Preparer
John Dominguez CPA
Phone
8585652700
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Part x, line 2:the organization's management believes all of its significant tax positions would be upheld under examination; therefore, no provision for income tax has been recorded.

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IRS990/Form990PartVIISectionAGrp/PersonNm10Jennifer Mejares
IRS990/Form990PartVIISectionAGrp/PersonNm11Debra Daniel
IRS990/Form990PartVIISectionAGrp/PersonNm12andrea lynn bundy
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Controller III
IRS990/Form990PartVIISectionAGrp/TitleTxt2Education Speciali
IRS990/Form990PartVIISectionAGrp/TitleTxt3Education Speciali
IRS990/Form990PartVIISectionAGrp/TitleTxt4Education Speciali
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IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt9Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Treasurer
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IRS990/MissionDesc0OUR MISSION IS TO FOSTER THE INNATE CURIOSITY OF OUR STUDENTS, EMPOWER THIER PARENTS, AND PROMOTE OPTIUM LEARNING BY COLLABORATIVLEY DEVELOPING A PERSONALIZED LEARNING FOR EACH STUDENT.
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0504018
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt120186572
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt243700
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0other current assets
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RIGHT-OF-USE ASSETS, NET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2SECURITY DEPOSIT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt054007
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0235795
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0289802
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021144
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt120631672
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt216267876
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Compensated Absences
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LEASE LIABILITIES,
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2LOANS PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt016829701
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART X, LINE 2:THE ORGANIZATION'S MANAGEMENT BELIEVES ALL OF ITS SIGNIFICANT TAX POSITIONS WOULD BE UPHELD UNDER EXAMINATION; THEREFORE, NO PROVISION FOR INCOME TAX HAS BEEN RECORDED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote

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