Civic Intelligence

Peace Valley Charter School Inc.

990 • Fiscal year 2021 • EIN 81-4365929

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 25, 2022

1845 S Federal WayBoise, ID 83705-4261

(801) 394-4140

Siviq Scores

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

Liabilities / Assets

96th percentile

1.33x

Higher debt load relative to assets than 96% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

77th percentile

0.41x

Higher debt load relative to revenue than 77% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

37th percentile

5.8%

Higher net margin than 37% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

55th percentile

$68,209

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

91st percentile

79%

Faster asset growth than 91% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

63rd percentile

26%

Faster revenue growth than 63% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$796,705

Up $351,673 (+79%) from 2020

Net Assets

Down

-$262,494

Down $206,450 (-368%) from 2020

Liabilities

Up

$1,059,199

Up $558,123 (+111%) from 2020

Revenue

Up

$2,578,561

Up $533,213 (+26%) from 2020

Expenses

Up

$2,427,807

Up $471,406 (+24%) from 2020

Net Income

Up

$150,754

Up $61,807 (+69%) from 2020

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2018: $18,647Liabilities 2018: $107,496Net Assets 2018: -$88,8492018Assets 2019: $252,873Liabilities 2019: $164,438Net Assets 2019: $88,4352019Assets 2020: $445,032Liabilities 2020: $501,076Net Assets 2020: -$56,0442020Assets 2021: $796,705Liabilities 2021: $1,059,199Net Assets 2021: -$262,4942021Assets 2022: $9,170,883Liabilities 2022: $10,191,523Net Assets 2022: -$1,020,6402022Assets 2023: $6,565,955Liabilities 2023: $7,244,119Net Assets 2023: -$678,1642023Assets 2024: $6,148,655Liabilities 2024: $7,222,756Net Assets 2024: -$1,074,1012024Assets 2025: $5,556,250Liabilities 2025: $6,936,407Net Assets 2025: -$1,380,1572025

Highlighted filing

2021

Assets$796,705
Liabilities$1,059,199
Net Assets-$262,494

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2018: $56,393Expenses 2018: $145,242Net Income 2018: -$88,8492018Revenue 2019: $1,800,222Expenses 2019: $1,798,595Net Income 2019: $1,6272019Revenue 2020: $2,045,348Expenses 2020: $1,956,401Net Income 2020: $88,9472020Revenue 2021: $2,578,561Expenses 2021: $2,427,807Net Income 2021: $150,7542021Revenue 2022: $2,837,423Expenses 2022: $2,780,452Net Income 2022: $56,9712022Revenue 2023: $4,272,954Expenses 2023: $3,930,478Net Income 2023: $342,4762023Revenue 2024: $2,802,497Expenses 2024: $3,198,434Net Income 2024: -$395,9372024Revenue 2025: $2,255,406Expenses 2025: $2,561,462Net Income 2025: -$306,0562025

Highlighted filing

2021

Revenue$2,578,561
Expenses$2,427,807
Net Income$150,754
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 25, 2022
Return Version
2020v4.0
Gross Receipts
$2,578,561
Mission and Program Overview

Mission

Public Education.

Through the use of Waldorf methods Peace Valley nourishes a child's natural curiosity and passion for learning by respecting the unique developmental stages of childhood.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$62,946$299,312▲ $236,366
Prepaid Expenses and Deferred Charges$162,653$260,329▲ $97,676
Cash and Non-Interest-Bearing Accounts$200,879$220,659▲ $19,780
Land, Buildings, and Equipment, Net$18,554$16,405▼ $2,149
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$445,032$796,705▲ $351,673
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$0$778,482▲ $778,482
Accounts Payable and Accrued Expenses$492,314$170,240▼ $322,074
Deferred Revenue$8,762$110,477▲ $101,715
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$501,076$1,059,199▲ $558,123
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$35,892▲ $35,892
Net Assets Without Donor Restrictions$-56,044$-298,386▼ $242,342
Total Net Assets Fund Balance$-56,044$-262,494▼ $206,450
Total Liabilities and Net Assets / Fund Balance$445,032$796,705▲ $351,673

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$16,405$5,091$21,496
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Andrew RossDirectorFT$62,947$5,262$68,209

Board Members and Trustees

NameTitle
Andrea PettitChair
Brent WillamsVice-Chair
Ana RobinsMember
Eric McDonaldSecretary
Tiffini LeJeuneTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Peace Valley Land HoldingsBuilding Lease460 N Redwood Road, Suite F, North Salt Lake, UT 84054$344,310
Revenue and Support

Revenue Composition

Contributions and Grants
$2,331,366
Program Service Revenue
$96,807
Investment Income
$388
Other Revenue
$150,000
All Other Contributions
$0
Change in Net Assets
$150,754

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,578,561
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,578,561
Total Revenue per Form 990
$2,578,561
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,441,768
Other Expenses$986,039
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$991,337$105,360$0$1,096,697
Occupancy$383,885$0$0$383,885
Pension Plan Contributions$125,232$9,935$0$135,167
Other Expenses$6,580$128,207$0$134,787
Travel$100,158$0$0$100,158
Payroll Taxes$86,364$6,852$0$93,216
Current Officers, Directors, Trustees, and Key Employees$0$62,947$0$62,947
Fees for Services Other$0$57,591$0$57,591
Other Employee Benefits$49,791$3,950$0$53,741
Fees for Services Management$48,000$0$0$48,000
Conferences and Meetings$23,414$5,369$0$28,783
Insurance$11,734$0$0$11,734
Advertising$0$8,326$0$8,326
Information Technology$0$8,326$0$8,326
Fees for Services Accounting$0$7,850$0$7,850
Office Expenses$0$6,713$0$6,713
Interest$0$2,074$0$2,074
Fees for Services Legal$0$1,354$0$1,354
Total Functional Expenses$1,978,930$448,877$0$2,427,807

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,427,807
Total Expenses per Audited Statements$2,427,807
Total Expenses per Form 990$2,427,807
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
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Long-Term Debt & Obligations Noncurrent$608,610
Federal income taxes$150,000
Net Pension Liability$19,872
Pension Deferred Inflows-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes

Governance Explanations

Part VI, Line 3

Many of the schools fiscal and business services are performed by Red Apple.

Part VI, Line 11A

Form 990 is reviewed by management.

Part VI, Line 12C

Monitored by the Executive Director and Board annually.

Part VI, Line 15

All employee compensation is based on approved pay scales which are reviewed annually.

Filing and Contact Details

Filer

Filer Name
Peace Valley Charter School Inc
EIN
81-4365929
In Care Of
% Andrew Ross
Phone
8013944140
Address
1845 S FEDERAL WAY, BOISE, ID 83705-4261

Signing Officer

Name
Matthew Lovell
Title
Business Manager
Signed
2022-04-25
Discuss with paid preparer
No

Organization Details

Formed
2017
Legal Domicile
Ut
Voting Board Members
5
Independent Board Members
5
Employees
54
Volunteers
25
Supplemental Narrative

Additional Explanations

Part XI, Line 9

| Description:, Explanation:, Amount:| Excess of capital outlays under depreciation expense in the current period., Excess of capital outlays under depreciation expense in the current period., $-2149| Proceeds of debt, Proceeds of debt increases long-term debt in the statement of net position, $-150000| Interest expense is reported when due in governmental funds, Interest expense is reported when due in governmental funds, $-2074| Changes in net position liability and related pension source deferred outflow and deferred inflow, Changes in net position liability and related pension source deferred outflow and deferred inflow, $-202981|

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