Civic Intelligence

Mysa School Inc.

990 • Fiscal year 2024 • EIN 81-1733503

Jul 01, 2023 to Jun 30, 2024 • Filed on Nov 13, 2024

1500 Harvard St NWWashington, DC 20009

(310) 938-3432

Siviq Scores

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

Liabilities / Assets

78th percentile

0.35x

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

90th percentile

1.17x

Higher debt load relative to revenue than 90% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

2nd percentile

-153%

Higher net margin than 2% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

89th percentile

$199,023

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 28.8% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

4th percentile

-36%

Faster asset growth than 4% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

2nd percentile

-77%

Faster revenue growth than 2% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,331,289

Down $1,291,394 (-36%) from 2023

Net Assets

Down

$1,526,860

Down $1,053,617 (-41%) from 2023

Liabilities

Down

$804,429

Down $237,777 (-23%) from 2023

Revenue

Down

$689,978

Down $2,338,680 (-77%) from 2023

Expenses

Up

$1,743,595

Up $13,739 (+0.8%) from 2023

Net Income

Down

-$1,053,617

Down $2,352,419 (-181%) from 2023

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2016: $1,376,224Liabilities 2016: $1,749Net Assets 2016: $1,374,4752016Assets 2017: $793,934Liabilities 2017: $34,394Net Assets 2017: $759,5402017Assets 2018: $1,523,279Liabilities 2018: $9,366Net Assets 2018: $1,513,9132018Assets 2019: $2,160,627Liabilities 2019: $7,517Net Assets 2019: $2,153,1102019Assets 2020: $2,309,676Liabilities 2020: $5,825Net Assets 2020: $2,303,8512020Assets 2021: $2,202,671Liabilities 2021: $23,580Net Assets 2021: $2,179,0912021Assets 2022: $1,308,192Liabilities 2022: $26,518Net Assets 2022: $1,281,6742022Assets 2023: $3,622,683Liabilities 2023: $1,042,206Net Assets 2023: $2,580,4772023Assets 2024: $2,331,289Liabilities 2024: $804,429Net Assets 2024: $1,526,8602024Assets 2025: $629,012Liabilities 2025: $21,203Net Assets 2025: $607,8092025

Highlighted filing

2024

Assets$2,331,289
Liabilities$804,429
Net Assets$1,526,860

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2016: $1,502,182Expenses 2016: $127,707Net Income 2016: $1,374,4752016Revenue 2017: $67,541Expenses 2017: $682,476Net Income 2017: -$614,9352017Revenue 2018: $1,938,613Expenses 2018: $1,176,240Net Income 2018: $762,3732018Revenue 2019: $2,069,068Expenses 2019: $1,429,871Net Income 2019: $639,1972019Revenue 2020: $1,314,173Expenses 2020: $1,163,432Net Income 2020: $150,7412020Revenue 2021: $1,138,619Expenses 2021: $1,263,379Net Income 2021: -$124,7602021Revenue 2022: $642,167Expenses 2022: $1,539,584Net Income 2022: -$897,4172022Revenue 2023: $3,028,658Expenses 2023: $1,729,856Net Income 2023: $1,298,8022023Revenue 2024: $689,978Expenses 2024: $1,743,595Net Income 2024: -$1,053,6172024Revenue 2025: $337,850Expenses 2025: $1,256,901Net Income 2025: -$919,0512025

Highlighted filing

2024

Revenue$689,978
Expenses$1,743,595
Net Income-$1,053,617
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$689,978
Mission and Program Overview

Mission

Mysa school is dedicated to creating a new model of schooling that is characterized by customization, collaboration, and curiosity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$979,899$984,544▲ $4,645
Accounts Receivable$1,035,000$212,225▼ $822,775
Intangible Assets$15,958$163,361▲ $147,403
Prepaid Expenses and Deferred Charges$194,427$78,600▼ $115,827
Land, Buildings, and Equipment, Net$84,279$64,178▼ $20,101
Cash and Non-Interest-Bearing Accounts$274,677$22,830▼ $251,847
Total Assets$3,622,683$2,331,289▼ $1,291,394
Other Assets Total$1,038,443$805,551▼ $232,892
Liabilities
Other Liabilities$1,012,819$787,708▼ $225,111
Accounts Payable and Accrued Expenses$29,387$16,721▼ $12,666
Total Liabilities$1,042,206$804,429▼ $237,777
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,301,593$1,203,758▼ $97,835
Net Assets Without Donor Restrictions$1,278,884$323,102▼ $955,782
Total Net Assets Fund Balance$2,580,477$1,526,860▼ $1,053,617
Total Liabilities and Net Assets / Fund Balance$3,622,683$2,331,289▼ $1,291,394

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$55,447$32,101$87,548
Equipment$8,731$15,033$23,764
Other Assets Org$765,784--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Siri FiskePresidentFT$188,423$10,600$199,023

Board Members and Trustees

NameTitle
Erin HawkDirector
Luci CedroneDirector
Michael CedroneDirector
Abrielle AndersonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$10,750
Program Service Revenue
$674,568
Investment Income
$4,660
Other Revenue
$0
All Other Contributions
$10,750
Change in Net Assets
$-1,053,617
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$965,996
Other Expenses$777,599
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$541,609$98,591-$640,200
Occupancy$306,355--$306,355
Current Officers, Directors, Trustees, and Key Employees$172,137$31,335-$203,472
Advertising$181,618--$181,618
Depreciation Depletion$69,664--$69,664
Payroll Taxes$54,460$9,914-$64,374
Other Employee Benefits$49,026$8,924-$57,950
Fees for Services Accounting-$46,365-$46,365
Fees for Services Other$38,019$96-$38,115
Travel$16,654--$16,654
Office Expenses$10,257--$10,257
Information Technology$3,736--$3,736
Insurance$3,503--$3,503
Conferences and Meetings$1,126--$1,126
Interest-$1,035-$1,035
Other Expenses$456$1,990-$456
All Other Expenses$49--$49
Fees for Services Legal-$37-$37
Total Functional Expenses$1,545,308$198,287$0$1,743,595
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
Lease Liability$787,708
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 governing body was provided with a copy of the form 990 prior to filing.

Form 990, Part VI, Section C, Line 18

The documents are available upon request.

Form 990, Part VI, Section C, Line 19

The documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Mysa School Inc
EIN
81-1733503
Phone
3109383432
Address
1500 HARVARD ST NW, WASHINGTON, DC 20009

Signing Officer

Name
Siri Fiske
Title
President
Phone
3019150955
Signed
2024-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Siri Fiske
Formed
2016
Legal Domicile
Md
Voting Board Members
4
Independent Board Members
4
Employees
15
Volunteers
4

Preparer

Firm
Councilor Buchanan & Mitchell Pc
Address
7910 WOODMONT AVE STE 500, BETHESDA, MD 20814
Preparer
Dominick V Bellia
Phone
3019860600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed.

Financial Statement Notes

PART X, LINE 2:

Mysa follows the financial accounting standards board accounting standards codification (fasb asc), which provides guidance on accounting for uncertainty in income taxes recognized in mysa's financial statements. As of june 30, 2024, mysa had no unrecognized tax benefits related to uncertain tax positions in its tax return that would qualify for either recognition or disclosure in its financial statements. Mysa's policy would be to recognize interest and penalties on tax positions related to its unrecognized tax benefits in income tax expense in the financial statements. Through june 30, 2024, there have been no matters that would have resulted in an accrual for interest and/or penalties. Generally, the tax years before 2020 are no longer subject to examination by federal, states, or local taxing authorities.

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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RIGHT OF USE ASSET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0787708
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MYSA FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION (FASB ASC), WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN MYSA'S FINANCIAL STATEMENTS. AS OF JUNE 30, 2024, MYSA HAD NO UNRECOGNIZED TAX BENEFITS RELATED TO UNCERTAIN TAX POSITIONS IN ITS TAX RETURN THAT WOULD QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN ITS FINANCIAL STATEMENTS. MYSA'S POLICY WOULD BE TO RECOGNIZE INTEREST AND PENALTIES ON TAX POSITIONS RELATED TO ITS UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE FINANCIAL STATEMENTS. THROUGH JUNE 30, 2024, THERE HAVE BEEN NO MATTERS THAT WOULD HAVE RESULTED IN AN ACCRUAL FOR INTEREST AND/OR PENALTIES. GENERALLY, THE TAX YEARS BEFORE 2020 ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL, STATES, OR LOCAL TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt064178
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0805551
IRS990ScheduleD/TotalLiabilityAmt0787708
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE MYSA SCHOOL'S NON-DISCRIMINATORY POLICY IS STATED ON ITS WEBSITE'S ADMISSIONS PAGE AND IS STATED ON THE STUDENT APPLICATION FOR ADMISSION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0188423
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt010600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SIRI FISKE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0199023
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE GOVERNING BODY WAS PROVIDED WITH A COPY OF THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS HAS NOT CHANGED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03622683
IRS990/TotalAssetsEOYAmt02331289
IRS990/TotalAssetsGrp/BOYAmt03622683
IRS990/TotalAssetsGrp/EOYAmt02331289
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt010750
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0198287
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01545308
IRS990/TotalFunctionalExpensesGrp/TotalAmt01743595
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01042206
IRS990/TotalLiabilitiesEOYAmt0804429
IRS990/TotalLiabilitiesGrp/BOYAmt01042206
IRS990/TotalLiabilitiesGrp/EOYAmt0804429
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02580477
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01526860
IRS990/TotalOtherCompensationAmt010600
IRS990/TotalProgramServiceExpensesAmt01545308
IRS990/TotalProgramServiceRevenueAmt0674568
IRS990/TotalReportableCompFromOrgAmt0188423
IRS990/TotalRevenueGrp/ExclusionAmt04660
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0674568
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0689978
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03622683
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02331289
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt016654
IRS990/TravelGrp/TotalAmt016654
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01500 HARVARD ST NW
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd020009
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0MYSASCHOOL.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SIRI FISKE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03019150955
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MYSA SCHOOL INC
ReturnHeader/Filer/BusinessNameControlTxt0MYSA
ReturnHeader/Filer/EIN0811733503
ReturnHeader/Filer/PhoneNum03109383432
ReturnHeader/Filer/USAddress/AddressLine1Txt01500 HARVARD ST NW
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd020009

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