Civic Intelligence

Crete Academy

990 • Fiscal year 2018 • EIN 81-3735306

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

6103 Crenshaw BlvdLos Angeles, CA 90043

(323) 791-1600

Siviq Scores

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

Liabilities / Assets

84th percentile

0.62x

Higher debt load relative to assets than 84% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

68th percentile

0.25x

Higher debt load relative to revenue than 68% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

72nd percentile

15%

Higher net margin than 72% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

44th percentile

$47,686

Higher top officer pay than 44% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

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

Source year 2018

Revenue Growth

Score unavailable

No value available

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

Source year 2018

Assets

$787,746

No earlier filing loaded for comparison.

Net Assets

$301,500

No earlier filing loaded for comparison.

Liabilities

$486,246

No earlier filing loaded for comparison.

Revenue

$1,909,493

No earlier filing loaded for comparison.

Expenses

$1,626,975

No earlier filing loaded for comparison.

Net Income

$282,518

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2018: $787,746Liabilities 2018: $486,246Net Assets 2018: $301,5002018Assets 2019: $506,150Liabilities 2019: $483,704Net Assets 2019: $22,4462019Assets 2020: $464,216Liabilities 2020: $277,053Net Assets 2020: $187,1632020Assets 2021: $1,030,924Liabilities 2021: $274,103Net Assets 2021: $756,8212021Assets 2022: $1,643,225Liabilities 2022: $409,508Net Assets 2022: $1,233,7172022Assets 2023: $2,292,498Liabilities 2023: $1,979,030Net Assets 2023: $313,4682023Assets 2024: $2,112,930Liabilities 2024: $1,792,622Net Assets 2024: $320,3082024

Highlighted filing

2018

Assets$787,746
Liabilities$486,246
Net Assets$301,500

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2018: $1,909,493Expenses 2018: $1,626,975Net Income 2018: $282,5182018Revenue 2019: $2,154,646Expenses 2019: $2,433,700Net Income 2019: -$279,0542019Revenue 2020: $2,313,919Expenses 2020: $2,149,202Net Income 2020: $164,7172020Revenue 2021: $2,686,098Expenses 2021: $2,116,440Net Income 2021: $569,6582021Revenue 2022: $3,944,110Expenses 2022: $3,467,214Net Income 2022: $476,8962022Revenue 2023: $5,381,186Expenses 2023: $6,301,435Net Income 2023: -$920,2492023Revenue 2024: $7,248,442Expenses 2024: $7,241,602Net Income 2024: $6,8402024

Highlighted filing

2018

Revenue$1,909,493
Expenses$1,626,975
Net Income$282,518
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$1,909,493
Mission and Program Overview

Mission

Deliver an educational program to students in grades tk-6th who are impacted by homeless and living in poverty. We focus on providing a program that will meet their physical, mental and emotional needs while developing strong character and critical thinking skills.

Operation of a charter school that serves students who are homeless and living in poverty.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$142,104$448,279▲ $306,175
Cash and Non-Interest-Bearing Accounts$250,849$226,231▼ $24,618
Land, Buildings, and Equipment, Net$0$103,526▲ $103,526
Prepaid Expenses and Deferred Charges-$9,710-
Total Assets$392,953$787,746▲ $394,793
Liabilities
Mortgage Notes Payable Secured by Investment Property$250,000$306,776▲ $56,776
Accounts Payable and Accrued Expenses$123,971$179,470▲ $55,499
Total Liabilities$373,971$486,246▲ $112,275
Net Assets / Fund Balance
Unrestricted Net Assets$18,982$301,500▲ $282,518
Total Net Assets Fund Balance$18,982$301,500▲ $282,518
Total Liabilities and Net Assets / Fund Balance$392,953$787,746▲ $394,793

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$103,526$24,648$128,174
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Hattie MichellExecutive DirectorFT$45,464$2,222$47,686
Brett MitchellChief Operations OfficerFT$34,476$3,713$38,189

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,904,127
Program Service Revenue
$5,366
Investment Income
$0
Other Revenue
$0
All Other Contributions
$50,000
Change in Net Assets
$282,518

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,909,493
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,909,493
Total Revenue per Form 990
$1,909,493
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$829,221
Other Expenses$797,754
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$578,153$59,603-$637,756
Occupancy$4,126$131,792-$135,918
Fees for Services Other$120,768$2,636-$123,404
Current Officers, Directors, Trustees, and Key Employees$47,686$38,189-$85,875
Fees for Services Accounting-$70,563-$70,563
Payroll Taxes$62,523$3,694-$66,217
Other Employee Benefits$38,466$907-$39,373
Depreciation Depletion$24,648--$24,648
Insurance$22,568--$22,568
Advertising$19,267--$19,267
Conferences and Meetings$1,232$12,121-$13,353
Other Expenses$56,098$11,756-$11,756
Interest$6,567--$6,567
Office Expenses$6,322--$6,322
Fees for Services Legal$5,564--$5,564
Total Functional Expenses$1,285,863$341,112$0$1,626,975

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,626,975
Total Expenses per Audited Statements$1,626,975
Total Expenses per Form 990$1,626,975
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
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
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 A, Line 2

The executive director, hattie mitchell, and the chief operations officer, brett mitchell are married.

Form 990, Part VI, Section B, Line 11B

The executive director will provide a copy of the form 990 to all board members for review and comment. Any necessary edits will be relayed to the tax preparer. Upon final approval by the executive director, the tax preparer will file the form 990 with the irs on behalf of the organization.

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

All board members and key employees of the organization are required to file an annual statement (ca form 700 statement of economic interest) in accordance with california code of regulations. The organization will review the conflict of interest policy and statements annually and when any new board members join.

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

The board of directors will approved compensation of the executive director and chief operations officer base on comparable data available from other public charter schools and school dstricts for individuals with similar responsibilities.

Form 990, Part VI, Section C, Line 19

All organizational documents and financial statements are available upon request with some documents also available on the organization's website.

Filing and Contact Details

Filer

Filer Name
Crete Academy
EIN
81-3735306
Phone
3237911600
Address
6103 CRENSHAW BLVD, LOS ANGELES, CA 90043

Signing Officer

Name
Hattie Mitchell
Title
Executive Director
Phone
3237911600
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hattie Mitchell
Formed
2016
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
19
Volunteers
5

Preparer

Firm
Christy White Associates
Address
348 OLIVE STREET, SAN DIEGO, CA 92103
Preparer
Christy White
Phone
6192708222
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Management believes all of its significant tax positions would be upheld under examination; therefore, no provision for income tax has been recorded.

Raw XML Appendix391 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/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE NONDISCRIMINATORY POLICY IS MADE KNOWN THROUGH INFORMATION AVAILABLE ON THE ORGANIZATION'S WEBSITE, WITHIN THE CHARTERING DOCUMENTS FOR THE CALIFORNIA PUBLIC CHARTER SCHOOL, AND OTHER CORRESPONDENCES WITH THE GENERAL PUBLIC.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS A PUBLIC CHARTER SCHOOL WHICH OPERATES TUITION-FREE; THEREFORE, SCHOLARSHIPS AND FINANCIAL ASSISTANCE IS NOT APPLICABLE AND NO RECORDS FOR SUCH AID ARE MAINTAINED.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2AS PART OF ITS OPERATION AS A PUBLIC CHARTER SCHOOL, THE ORGANIZATION RECEIVES FINANCIAL ASSISTANCE FROM THE UNITED STATES AND CALIFORNIA DEPARTMENTS OF EDUCATION AS WELL AS LOCAL PROPERTY TAX REVENUE PASSED-THROUGH THE LOS ANGELES UNIFIED SCHOOL DISTRICT.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR, HATTIE MITCHELL, AND THE CHIEF OPERATIONS OFFICER, BRETT MITCHELL ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR WILL PROVIDE A COPY OF THE FORM 990 TO ALL BOARD MEMBERS FOR REVIEW AND COMMENT. ANY NECESSARY EDITS WILL BE RELAYED TO THE TAX PREPARER. UPON FINAL APPROVAL BY THE EXECUTIVE DIRECTOR, THE TAX PREPARER WILL FILE THE FORM 990 WITH THE IRS ON BEHALF OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL BOARD MEMBERS AND KEY EMPLOYEES OF THE ORGANIZATION ARE REQUIRED TO FILE AN ANNUAL STATEMENT (CA FORM 700 STATEMENT OF ECONOMIC INTEREST) IN ACCORDANCE WITH CALIFORNIA CODE OF REGULATIONS. THE ORGANIZATION WILL REVIEW THE CONFLICT OF INTEREST POLICY AND STATEMENTS ANNUALLY AND WHEN ANY NEW BOARD MEMBERS JOIN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS WILL APPROVED COMPENSATION OF THE EXECUTIVE DIRECTOR AND CHIEF OPERATIONS OFFICER BASE ON COMPARABLE DATA AVAILABLE FROM OTHER PUBLIC CHARTER SCHOOLS AND SCHOOL DSTRICTS FOR INDIVIDUALS WITH SIMILAR RESPONSIBILITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL ORGANIZATIONAL DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST WITH SOME DOCUMENTS ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 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/TotalAssetsBOYAmt0392953
IRS990/TotalAssetsEOYAmt0787746
IRS990/TotalAssetsGrp/BOYAmt0392953
IRS990/TotalAssetsGrp/EOYAmt0787746
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01904127
IRS990/TotalEmployeeCnt019
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0341112
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01285863
IRS990/TotalFunctionalExpensesGrp/TotalAmt01626975
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0373971
IRS990/TotalLiabilitiesEOYAmt0486246
IRS990/TotalLiabilitiesGrp/BOYAmt0373971
IRS990/TotalLiabilitiesGrp/EOYAmt0486246
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt018982
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0301500
IRS990/TotalOtherCompensationAmt05935
IRS990/TotalProgramServiceExpensesAmt01285863
IRS990/TotalProgramServiceRevenueAmt05366
IRS990/TotalReportableCompFromOrgAmt079940
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05366
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01909493
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0392953
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0787746
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt018982
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0301500
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06103 CRENSHAW BLVD
IRS990/USAddress/CityNm0LOS ANGELES
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090043
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.CRETEACADEMY.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0HATTIE MITCHELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03237911600
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CRETE ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0CRET
ReturnHeader/Filer/EIN0813735306
ReturnHeader/Filer/PhoneNum03237911600
ReturnHeader/Filer/USAddress/AddressLine1Txt06103 CRENSHAW BLVD
ReturnHeader/Filer/USAddress/CityNm0LOS ANGELES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090043
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0E49C280B6BA4708EC20175DD0DEA5E15B96A59FD
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AD055E091A5BB830F115753B8BB2D3A1333F3887
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt012.175.85.34
ReturnHeader/FilingSecurityInformation/IPDt02019-05-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm020:35:51
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0272956198
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHRISTY WHITE ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0348 OLIVE STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN DIEGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092103
ReturnHeader/PreparerPersonGrp/PhoneNum06192708222
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTY WHITE
ReturnHeader/ReturnTs02019-05-14T20:35:54-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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