Civic Intelligence

School Smart Kc Inc.

990 • Fiscal year 2017 • EIN 81-2090856

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 12, 2018

3105 Gillham Rd No 200Kansas City, MO 64109

(816) 289-4274

Siviq Scores

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

Liabilities / Assets

15th percentile

0.01x

Higher debt load relative to assets than 15% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

15th percentile

0.03x

Higher debt load relative to revenue than 15% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

7th percentile

-38%

Higher net margin than 7% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

78th percentile

$211,486

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 10.1% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

10th percentile

-8.4%

Faster asset growth than 10% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

2nd percentile

-76%

Faster revenue growth than 2% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Down

$7,943,685

Down $732,317 (-8.4%) from 2016

Net Assets

Down

$7,890,979

Down $785,023 (-9.0%) from 2016

Liabilities

Up

$52,706

Up $52,706 from 2016

Revenue

Down

$2,091,190

Down $6,584,812 (-76%) from 2016

Expenses

Up

$2,876,213

Up $2,876,213 from 2016

Net Income

Down

-$785,023

Down $9,461,025 (-109%) from 2016

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2016: $8,676,002Liabilities 2016: $0Net Assets 2016: $8,676,0022016Assets 2017: $7,943,685Liabilities 2017: $52,706Net Assets 2017: $7,890,9792017Assets 2018: $4,664,422Liabilities 2018: $265,945Net Assets 2018: $4,398,4772018Assets 2019: $2,349,339Liabilities 2019: $168,510Net Assets 2019: $2,180,8292019Assets 2020: $9,255,093Liabilities 2020: $155,510Net Assets 2020: $9,099,5832020Assets 2021: $7,202,506Liabilities 2021: $284,426Net Assets 2021: $6,918,0802021Assets 2022: $9,377,686Liabilities 2022: $459,043Net Assets 2022: $8,918,6432022Assets 2023: $10,252,464Liabilities 2023: $966,576Net Assets 2023: $9,285,8882023Assets 2024: $12,044,134Liabilities 2024: $764,884Net Assets 2024: $11,279,2502024

Highlighted filing

2017

Assets$7,943,685
Liabilities$52,706
Net Assets$7,890,979

Operations Trend

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

$20M$10M$0-$10MRevenue 2016: $8,676,002Expenses 2016: $0Net Income 2016: $8,676,0022016Revenue 2017: $2,091,190Expenses 2017: $2,876,213Net Income 2017: -$785,0232017Revenue 2018: $4,101,446Expenses 2018: $7,593,948Net Income 2018: -$3,492,5022018Revenue 2019: $8,765,618Expenses 2019: $10,983,266Net Income 2019: -$2,217,6482019Revenue 2020: $18,134,716Expenses 2020: $11,284,077Net Income 2020: $6,850,6392020Revenue 2021: $7,640,451Expenses 2021: $9,821,954Net Income 2021: -$2,181,5032021Revenue 2022: $11,325,637Expenses 2022: $9,325,074Net Income 2022: $2,000,5632022Revenue 2023: $8,376,339Expenses 2023: $8,009,094Net Income 2023: $367,2452023Revenue 2024: $10,049,424Expenses 2024: $8,056,062Net Income 2024: $1,993,3622024

Highlighted filing

2017

Revenue$2,091,190
Expenses$2,876,213
Net Income-$785,023
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 12, 2018
Return Version
2017v2.3
Gross Receipts
$2,091,190
Mission and Program Overview

Mission

School smart kc seeks to eliminate the achievement gap for local youth with the state of missouri.

School smart kc seeks to eliminate the achievement gap for local youth with the state of mo.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$8,676,002$7,890,979▼ $785,023
Cash and Non-Interest-Bearing Accounts$8,676,002$5,822,971▼ $2,853,031
Accounts Receivable$0$2,060,000▲ $2,060,000
Land, Buildings, and Equipment, Net$0$45,997▲ $45,997
Prepaid Expenses and Deferred Charges$0$9,092▲ $9,092
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$8,676,002$7,943,685▼ $732,317
Other Assets Total$0$5,625▲ $5,625
Liabilities
Accounts Payable and Accrued Expenses$0$33,716▲ $33,716
Other Liabilities$0$18,990▲ $18,990
Total Liabilities$0$52,706▲ $52,706
Net Assets / Fund Balance
Total Net Assets Fund Balance$8,676,002$7,890,979▼ $785,023
Total Liabilities and Net Assets / Fund Balance$8,676,002$7,943,685▼ $732,317

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$45,997-$45,997
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Awais SufiPresident & CEOFT$184,008$27,478$211,486

Board Members and Trustees

NameTitle
Carol HallquistChair
Collen HernandezDirector
Dan CranshawDirector
Joe AllenDirector
Tracey LewisDirector
Mark LarrabeeTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
David Evan Rudall Kenwood Education AdviSchool Site Reviews And Assessments716 VALLEY ROAD, Montclair, NJ 07043$355,000
Revenue and Support

Revenue Composition

Contributions and Grants
$2,060,000
Program Service Revenue
$0
Investment Income
$30,281
Other Revenue
$909
All Other Contributions
$2,060,000
Change in Net Assets
$-785,023

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,091,190
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$9,272,972
Total Revenue per Audited Statements
$11,364,162
Total Revenue per Form 990
$2,091,190
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,247,359
Other Expenses$994,603
Salaries, Compensation, and Employee Benefits$634,251
Total Fundraising Expense$11,845
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,247,359--$1,247,359
Fees for Services Other$682,182$28,000-$710,182
Other Salaries and Wages$287,831$41,736$250$329,817
Current Officers, Directors, Trustees, and Key Employees$169,189$31,723$10,574$211,486
Office Expenses$3,171$138,415-$141,586
Travel$40,282$17,234-$57,516
Other Employee Benefits$49,521$7,364$309$57,194
Payroll Taxes$30,192$4,850$712$35,754
Fees for Services Accounting-$30,450-$30,450
Conferences and Meetings$21,649$4,321-$25,970
Advertising$14,202$3,662-$17,864
Fees for Services Legal-$6,400-$6,400
Insurance-$2,254-$2,254
Information Technology-$2,001-$2,001
Other Expenses-$380-$380
Total Functional Expenses$2,545,578$318,790$11,845$2,876,213

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,473,183
Expenses per Audited Statements$2,876,213
Total Expenses per Form 990$2,876,213
Expenses Not Reported on Form 990$596,970
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Kansas City Public SchoolsKansas City, MOSchoolTo Expand the Opportunities Provided by Lincoln College Preparatory Academy, Among the Highest Performing Schools in Missouri, to Enable It to Serve a Greater Number of Middle and High School Students.$253,634
Crossroads Charter Schools of Kansas CityKansas City, MO501(c)(3)To Support the Expansion of High Quality Middle and High School Education Opportunities in Downtown Kansas City.$230,000
Academie LafayetteKansas City, MO501(c)(3)To Support the Expansion of Educational Opportunities Provided Through This School, Directly Targeting an Increased Proportion of Low Income and Minority Students Within Its Student Body.$175,000
Kansas City Neighborhood AcademyKansas City, MO501(c)(3)To Support the Growth of This School Designed to Provide High Quality Educational Opportunities Alongside Neighborhood Revitalization in a Disadvantaged Area of Kansas City.$164,000
Scuola Vita NuovaKansas City, MO501(c)(3)To Support the Expansion of This School Providing Quality Educational Opportunities to High Needs Populations in the Disadvantaged Areas of Northeast Kansas City.$138,000
Show Me Kc SchoolsKansas City, MO501(c)(3)To Support the Expansion of Services of This Organization Assisting Families in Identifying the Schools That Meet the Needs of Their Children and Navigate the Complex Enrollment Process to Secure a Position in These Schools.$133,000
Communities in Schools of Mid AmericaLawrence, KS501(c)(3)To Provide Out of School Supports to Disadvantaged Students Within 10 Schools Serving High Needs Populations, Including Support for Health, Nutrition, Trauma and Other Needs.$132,726
Citizens of the World Charter SchoolKansas City, MO501(c)(3)To Support the Design of Innovative Approaches to Providing a Quality Middle School Education for Students in Midtown Kansas City.$20,000
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
Accrued Expenses$18,990
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
No
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 11B

The 990 will be reviewed by the ceo and board of directors prior to filing.

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

All board members, officers and employees required to sign off on disclosure form listing possible conflicts and monitoring of whether these are in place and requirement of disclosure of conflicts in board meetings or other points of time in consideration of item that implicates any of these conflicts.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
School Smart Kc Inc
EIN
81-2090856
Phone
8162894274
Address
3105 GILLHAM RD NO 200, KANSAS CITY, MO 64109

Signing Officer

Name
Awais Sufi
Title
CEO
Phone
8169321106
Signed
2018-09-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Awais Sufi
Formed
2016
Legal Domicile
Mo
Voting Board Members
6
Independent Board Members
6
Employees
7
Volunteers
0

Preparer

Firm
Cbiz Mhm LLC
Address
700 WEST 47TH STREET SUITE 1100, KANSAS CITY, MO 64112
Preparer
Lisa Burke
Phone
8169455500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other professional fees: program service expenses 0. Management and general expenses 28,000. Fundraising expenses 0. Total expenses 28,000. Contracted services: program service expenses 682,182. Management and general expenses 0. Fundraising expenses 0. Total expenses 682,182.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from federal income taxes under section 501(c)(3) of the internal revenue code and exempt from state income taxes under the laws of the state of missouri. The organization has adopted the standards requiring disclosure of uncertain tax positions under accounting standards codification ("asc") 740, "income taxes". There has not been any interest or penalties recognized either in the statements of activities and changes in net assets or in the statements of financial position related to uncertain tax positions. In addition, the organization did not have any uncertain tax positions at december 31, 2017.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Revenues reported on 2016 return

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Expenses reported on 2016 return

Part XI, Line 2D

The audited financial statements include the period from inception of august 5, 2016 through december 31, 2017. The revenues of $9,100,610 from august 5, 2016 through december 31, 2016 were previously reported on the 2016 tax return and are not included on the 2017 tax return.

Part XII, Line 2D

The audited financial statements include the period from inception of august 5, 2016 through december 31, 2017. The expenses of $424,608 from august 5, 2016 through december 31, 2016 were previously reported on the 2016 tax return and are not included on the 2017 tax return.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND EXEMPT FROM STATE INCOME TAXES UNDER THE LAWS OF THE STATE OF MISSOURI. THE ORGANIZATION HAS ADOPTED THE STANDARDS REQUIRING DISCLOSURE OF UNCERTAIN TAX POSITIONS UNDER ACCOUNTING STANDARDS CODIFICATION ("ASC") 740, "INCOME TAXES". THERE HAS NOT BEEN ANY INTEREST OR PENALTIES RECOGNIZED EITHER IN THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS OR IN THE STATEMENTS OF FINANCIAL POSITION RELATED TO UNCERTAIN TAX POSITIONS. IN ADDITION, THE ORGANIZATION DID NOT HAVE ANY UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2017.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1REVENUES REPORTED ON 2016 RETURN
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2EXPENSES REPORTED ON 2016 RETURN
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3THE AUDITED FINANCIAL STATEMENTS INCLUDE THE PERIOD FROM INCEPTION OF AUGUST 5, 2016 THROUGH DECEMBER 31, 2017. THE REVENUES OF $9,100,610 FROM AUGUST 5, 2016 THROUGH DECEMBER 31, 2016 WERE PREVIOUSLY REPORTED ON THE 2016 TAX RETURN AND ARE NOT INCLUDED ON THE 2017 TAX RETURN.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4THE AUDITED FINANCIAL STATEMENTS INCLUDE THE PERIOD FROM INCEPTION OF AUGUST 5, 2016 THROUGH DECEMBER 31, 2017. THE EXPENSES OF $424,608 FROM AUGUST 5, 2016 THROUGH DECEMBER 31, 2016 WERE PREVIOUSLY REPORTED ON THE 2016 TAX RETURN AND ARE NOT INCLUDED ON THE 2017 TAX RETURN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 2D
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IRS990ScheduleI/GrantRecordsMaintainedInd00
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IRS990ScheduleI/RecipientTable/IRCSectionDesc7501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT THE EXPANSION OF HIGH QUALITY MIDDLE AND HIGH SCHOOL EDUCATION OPPORTUNITIES IN DOWNTOWN KANSAS CITY.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1TO SUPPORT THE GROWTH OF THIS SCHOOL DESIGNED TO PROVIDE HIGH QUALITY EDUCATIONAL OPPORTUNITIES ALONGSIDE NEIGHBORHOOD REVITALIZATION IN A DISADVANTAGED AREA OF KANSAS CITY.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2TO SUPPORT THE DESIGN OF INNOVATIVE APPROACHES TO PROVIDING A QUALITY MIDDLE SCHOOL EDUCATION FOR STUDENTS IN MIDTOWN KANSAS CITY.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3TO SUPPORT THE EXPANSION OF THIS SCHOOL PROVIDING QUALITY EDUCATIONAL OPPORTUNITIES TO HIGH NEEDS POPULATIONS IN THE DISADVANTAGED AREAS OF NORTHEAST KANSAS CITY.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4TO SUPPORT THE EXPANSION OF EDUCATIONAL OPPORTUNITIES PROVIDED THROUGH THIS SCHOOL, DIRECTLY TARGETING AN INCREASED PROPORTION OF LOW INCOME AND MINORITY STUDENTS WITHIN ITS STUDENT BODY.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5TO EXPAND THE OPPORTUNITIES PROVIDED BY LINCOLN COLLEGE PREPARATORY ACADEMY, AMONG THE HIGHEST PERFORMING SCHOOLS IN MISSOURI, TO ENABLE IT TO SERVE A GREATER NUMBER OF MIDDLE AND HIGH SCHOOL STUDENTS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6TO PROVIDE OUT OF SCHOOL SUPPORTS TO DISADVANTAGED STUDENTS WITHIN 10 SCHOOLS SERVING HIGH NEEDS POPULATIONS, INCLUDING SUPPORT FOR HEALTH, NUTRITION, TRAUMA AND OTHER NEEDS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7TO SUPPORT THE EXPANSION OF SERVICES OF THIS ORGANIZATION ASSISTING FAMILIES IN IDENTIFYING THE SCHOOLS THAT MEET THE NEEDS OF THEIR CHILDREN AND NAVIGATE THE COMPLEX ENROLLMENT PROCESS TO SECURE A POSITION IN THESE SCHOOLS.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CROSSROADS CHARTER SCHOOLS OF KANSAS CITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1KANSAS CITY NEIGHBORHOOD ACADEMY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2CITIZENS OF THE WORLD CHARTER SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3SCUOLA VITA NUOVA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4ACADEMIE LAFAYETTE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5KANSAS CITY PUBLIC SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6COMMUNITIES IN SCHOOLS OF MID AMERICA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7SHOW ME KC SCHOOLS
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt46903 OAK STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt52901 TROOST AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt62721 W 6TH ST STE E
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt74049 W PENNSYLVANIA AVE SUITE 301
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