Civic Intelligence

Kinetic Academy

990 • Fiscal year 2017 • EIN 81-1454510

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 12, 2018

Organization ProfileWWW.KINETICACADEMY.ORG
721 Utica AveHuntington Beach, CA 92648

(714) 465-4565

Siviq Scores

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

Liabilities / Assets

89th percentile

0.82x

Higher debt load relative to assets than 89% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

71st percentile

0.32x

Higher debt load relative to revenue than 71% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

60th percentile

6.9%

Higher net margin than 60% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

51st percentile

$64,264

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Balance Sheet
Liabilities / Assets89th percentile

Assets

$978,341

No earlier filing loaded for comparison.

Net Assets

$174,125

No earlier filing loaded for comparison.

Liabilities

$804,216

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin60th percentile

Revenue

$2,535,454

No earlier filing loaded for comparison.

Expenses

$2,361,329

No earlier filing loaded for comparison.

Net Income

$174,125

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2017: $978,341Liabilities 2017: $804,216Net Assets 2017: $174,1252017Assets 2018: $884,537Liabilities 2018: $467,190Net Assets 2018: $417,3472018Assets 2019: $995,137Liabilities 2019: $445,929Net Assets 2019: $549,2082019Assets 2020: $1,111,052Liabilities 2020: $240,637Net Assets 2020: $870,4152020Assets 2021: $1,425,415Liabilities 2021: $505,997Net Assets 2021: $919,4182021Assets 2022: $1,194,847Liabilities 2022: $287,752Net Assets 2022: $907,0952022Assets 2023: $3,161,701Liabilities 2023: $2,279,056Net Assets 2023: $882,6452023Assets 2024: $2,689,034Liabilities 2024: $1,737,523Net Assets 2024: $951,5112024

Highlighted filing

2017

Assets$978,341
Liabilities$804,216
Net Assets$174,125
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2017: $2,535,454Expenses 2017: $2,361,329Net Income 2017: $174,1252017Revenue 2018: $2,860,041Expenses 2018: $2,616,819Net Income 2018: $243,2222018Revenue 2019: $2,929,829Expenses 2019: $2,797,968Net Income 2019: $131,8612019Revenue 2020: $2,912,630Expenses 2020: $2,591,423Net Income 2020: $321,2072020Revenue 2021: $2,912,409Expenses 2021: $2,863,406Net Income 2021: $49,0032021Revenue 2022: $3,655,483Expenses 2022: $3,667,806Net Income 2022: -$12,3232022Revenue 2023: $4,334,197Expenses 2023: $4,358,647Net Income 2023: -$24,4502023Revenue 2024: $5,173,449Expenses 2024: $5,104,583Net Income 2024: $68,8662024

Highlighted filing

2017

Revenue$2,535,454
Expenses$2,361,329
Net Income$174,125
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 12, 2018
Return Version
2016v3.0
Gross Receipts
$2,535,454
Mission and Program Overview

Mission

Through an interdisciplinary educational experience, kinetic academy seeks to prepare students for 21st century careers as members of democratic society through intersiciplinary educational experience that provides them with a foundation for their lifetime.

To operate a california public charter school

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$646,578-
Cash and Non-Interest-Bearing Accounts-$263,781-
Loans From Officers Directors-$154,950-
Prepaid Expenses and Deferred Charges-$45,748-
Land, Buildings, and Equipment, Net$0$22,234▲ $22,234
Total Assets$0$978,341▲ $978,341
Liabilities
Unsecured Notes Loans Payable-$427,847-
Accounts Payable and Accrued Expenses-$221,419-
Total Liabilities$0$804,216▲ $804,216
Net Assets / Fund Balance
Unrestricted Net Assets-$174,125-
Total Net Assets Fund Balance$0$174,125▲ $174,125
Total Liabilities and Net Assets / Fund Balance$0$978,341▲ $978,341

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$22,234$3,026$25,260
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bre LionettiExecutive DirectorFT$54,279$9,985$64,264

Board Members and Trustees

NameTitle
Jeffrey BallBoard Chair
Michele AsayVice Chair
Kalman HutchensSecretary
Bret MccarrollTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,534,614
Program Service Revenue
$0
Investment Income
$840
Other Revenue
$0
All Other Contributions
$97,941
Change in Net Assets
$174,125

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,535,454
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,535,454
Total Revenue per Form 990
$2,535,454
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,334,013
Other Expenses$1,027,316
Total Fundraising Expense$10,348
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$810,068$52,625-$862,693
Occupancy$236,684$8,485-$245,169
Other Employee Benefits$214,957--$214,957
Fees for Services Other$184,607$8,523-$193,130
Payroll Taxes$136,363--$136,363
Current Officers, Directors, Trustees, and Key Employees$120,000--$120,000
Fees for Services Accounting$111,444--$111,444
Interest$29,876$1,320-$31,196
Conferences and Meetings$28,499--$28,499
Office Expenses$10,572-$10,348$20,920
Other Expenses$16,550$266-$16,816
Insurance$9,949$213-$10,162
Information Technology$8,278--$8,278
Advertising$5,494--$5,494
All Other Expenses$4,496--$4,496
Depreciation Depletion$2,898$128-$3,026
Travel$152--$152
Total Functional Expenses$2,277,853$73,128$10,348$2,361,329

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,361,329
Total Expenses per Audited Statements$2,361,329
Total Expenses per Form 990$2,361,329
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$154,950-
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, Part VI, Section B, Line 11B

“The financial management firm, the director and the board members are given a draft of the form 990 prepared by the independent audit/tax firm and it is reviewed and any necessary corrections are made prior to the form 990 being finalized.”

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

“Form 700's are completed annually by the board of trustees”

Form 990, Part VI, Section B, Line 15

“The process for determining executive compensation involves the review and approval by the board of directors after obtaining comparability data and advice from independent sources.”

Form 990, Part VI, Section C, Line 19

“Required documents are available at the business address during normal business hours”

Filing and Contact Details

Filer

Filer Name
Kinetic Academy
EIN
81-1454510
Phone
7144654565
Address
721 UTICA AVE, HUNTINGTON BEACH, CA 92648

Signing Officer

Name
Bre Lionetti
Title
Executive Director
Phone
7144654565
Signed
2018-01-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bre Lionetti
Formed
2016
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
25
Volunteers
20

Preparer

Firm
Vavrinektrineday & Co Llp
Address
10681 FOOTHILL BLVD SUITE 300, RANCHO CUCAMONGA, CA 91730
Preparer
Matthew S Miller
Phone
9094664410
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The charter school has adopted financial accounting standards board (fasb) accounting standards codification (asc) topic 740 that clarifies the accounting uncertainty in tax positions taken or expected to be taken on a tax return and provides that the tax effects from an uncertain tax position can be recognized in the financials statements only if, based on its merits, the position is more likely than not to be sustained on audit by the taxing authorities. Mangement believes that all tax positions taken to date are highly certain, and, accordingly, no accounting adjustment has been made to the financial statements.”

Raw XML Appendix388 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/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0CALIFORNIA PUBLIC CHARTER SCHOOL NO FINANCIAL ASSISTANCE AWARDED
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1CALIFORNIA STATE APPORTIONMENT REVENUE BASED ON STUDENT ATTENDANCE
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0154950
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0JEFFREY BALL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0START UP EXPENSES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0154950
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0BOARD MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt0154950
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FINANCIAL MANAGEMENT FIRM, THE DIRECTOR AND THE BOARD MEMBERS ARE GIVEN A DRAFT OF THE FORM 990 PREPARED BY THE INDEPENDENT AUDIT/TAX FIRM AND IT IS REVIEWED AND ANY NECESSARY CORRECTIONS ARE MADE PRIOR TO THE FORM 990 BEING FINALIZED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 700'S ARE COMPLETED ANNUALLY BY THE BOARD OF TRUSTEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROCESS FOR DETERMINING EXECUTIVE COMPENSATION INVOLVES THE REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS AFTER OBTAINING COMPARABILITY DATA AND ADVICE FROM INDEPENDENT SOURCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REQUIRED DOCUMENTS ARE AVAILABLE AT THE BUSINESS ADDRESS DURING NORMAL BUSINESS HOURS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt00
IRS990/TotalAssetsEOYAmt0978341
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0978341
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02534614
IRS990/TotalEmployeeCnt025
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt010348
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt073128
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02277853
IRS990/TotalFunctionalExpensesGrp/TotalAmt02361329
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0804216
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0804216
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0174125
IRS990/TotalOtherCompensationAmt09985
IRS990/TotalProgramServiceExpensesAmt02277853
IRS990/TotalReportableCompFromOrgAmt054279
IRS990/TotalRevenueGrp/ExclusionAmt0840
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02535454
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0978341
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0152
IRS990/TravelGrp/TotalAmt0152
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0174125
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0427847
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0721 UTICA AVE
IRS990/USAddress/CityNm0HUNTINGTON BEACH
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092648
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.KINETICACADEMY.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRE LIONETTI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07144654565
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-01-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KINETIC ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0KINE
ReturnHeader/Filer/EIN0811454510
ReturnHeader/Filer/PhoneNum07144654565
ReturnHeader/Filer/USAddress/AddressLine1Txt0721 UTICA AVE
ReturnHeader/Filer/USAddress/CityNm0HUNTINGTON BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092648
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId011DC6297F7A6BBE37955DC8ADC41BBDF85C770AA
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId011DC6297F7A6BBE37955DC8ADC41BBDF85C770AA
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt065.60.100.226
ReturnHeader/FilingSecurityInformation/IPDt02018-01-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm011:55:28
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0952648289
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VAVRINEKTRINEDAY & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010681 FOOTHILL BLVD SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RANCHO CUCAMONGA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091730
ReturnHeader/PreparerPersonGrp/PhoneNum09094664410
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MATTHEW S MILLER
ReturnHeader/ReturnTs02018-02-13T17:12:01-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$978,341
Liabilities
$804,216
Net assets
$174,125
Revenue
$2,535,454
Expenses
$2,361,329
Net income
$174,125
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.69$1.74$0.95$5.17$5.10$0.07
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.16$2.28$0.88$4.33$4.36$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.19$0.29$0.91$3.66$3.67$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$0.51$0.92$2.91$2.86$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.24$0.87$2.91$2.59$0.32
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.45$0.55$2.93$2.80$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.47$0.42$2.86$2.62$0.24
2017Detailed filing. Detailed filing data is available for this year.$0.98$0.80$0.17$2.54$2.36$0.17