Civic Intelligence

Soleil Academy Charter School

990 • Fiscal year 2020 • EIN 81-4465662

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 17, 2021

3900 Agnes AveLynwood, CA 90262

(323) 409-0801

Siviq Scores

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

Liabilities / Assets

74th percentile

0.36x

Higher debt load relative to assets than 74% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

58th percentile

0.19x

Higher debt load relative to revenue than 58% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

74th percentile

21%

Higher net margin than 74% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

75th percentile

$116,146

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

91st percentile

83%

Faster asset growth than 91% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

85th percentile

43%

Faster revenue growth than 85% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,134,967

Up $513,893 (+83%) from 2019

Net Assets

Up

$725,227

Up $457,300 (+171%) from 2019

Liabilities

Up

$409,740

Up $56,593 (+16%) from 2019

Revenue

Up

$2,153,049

Up $643,348 (+43%) from 2019

Expenses

Up

$1,695,749

Up $284,917 (+20%) from 2019

Net Income

Up

$457,300

Up $358,431 (+363%) from 2019

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 2018: $219,835Liabilities 2018: $50,777Net Assets 2018: $169,0582018Assets 2019: $621,074Liabilities 2019: $353,147Net Assets 2019: $267,9272019Assets 2020: $1,134,967Liabilities 2020: $409,740Net Assets 2020: $725,2272020Assets 2021: $1,712,621Liabilities 2021: $254,855Net Assets 2021: $1,457,7662021Assets 2022: $2,100,554Liabilities 2022: $597,802Net Assets 2022: $1,502,7522022Assets 2023: $3,195,112Liabilities 2023: $1,575,292Net Assets 2023: $1,619,8202023Assets 2024: $3,376,389Liabilities 2024: $1,809,006Net Assets 2024: $1,567,3832024

Highlighted filing

2020

Assets$1,134,967
Liabilities$409,740
Net Assets$725,227

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2018: $297,320Expenses 2018: $128,262Net Income 2018: $169,0582018Revenue 2019: $1,509,701Expenses 2019: $1,410,832Net Income 2019: $98,8692019Revenue 2020: $2,153,049Expenses 2020: $1,695,749Net Income 2020: $457,3002020Revenue 2021: $2,852,225Expenses 2021: $2,119,686Net Income 2021: $732,5392021Revenue 2022: $3,778,550Expenses 2022: $3,733,564Net Income 2022: $44,9862022Revenue 2023: $5,183,022Expenses 2023: $5,065,954Net Income 2023: $117,0682023Revenue 2024: $6,336,101Expenses 2024: $6,388,538Net Income 2024: -$52,4372024

Highlighted filing

2020

Revenue$2,153,049
Expenses$1,695,749
Net Income$457,300
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 17, 2021
Return Version
2019v5.2
Gross Receipts
$2,153,049
Mission and Program Overview

Mission

Through academic rigor, character development, and a structured learning environment, soleil academy charter school will ensure that every transitional kindergarten through fifth grade scholar has the foundation necessary for college success and a future bright with opportunity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$229,042$708,800▲ $479,758
Accounts Receivable$361,388$371,716▲ $10,328
Prepaid Expenses and Deferred Charges$16,639$29,417▲ $12,778
Land, Buildings, and Equipment, Net$14,005$25,034▲ $11,029
Total Assets$621,074$1,134,967▲ $513,893
Liabilities
Unsecured Notes Loans Payable-$165,719-
Mortgage Notes Payable Secured by Investment Property$250,000$125,002▼ $124,998
Accounts Payable and Accrued Expenses$103,147$119,019▲ $15,872
Total Liabilities$353,147$409,740▲ $56,593
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$267,927$725,227▲ $457,300
Total Net Assets Fund Balance$267,927$725,227▲ $457,300
Total Liabilities and Net Assets / Fund Balance$621,074$1,134,967▲ $513,893

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$25,034$8,090$33,124
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Beatriz GutierrezExecutive DirectorFT$109,293$6,853$116,146

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,153,049
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$34,368
Change in Net Assets
$457,300

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,153,049
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,153,049
Total Revenue per Form 990
$2,153,049
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,108,245
Other Expenses$587,504
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$729,434$54,295-$783,729
Fees for Services Other$116,711$108,898-$225,609
Current Officers, Directors, Trustees, and Key Employees-$130,408-$130,408
Other Employee Benefits$107,187$11,422-$118,609
Payroll Taxes$61,161$14,338-$75,499
Occupancy$28,348$6,646-$34,994
All Other Expenses$11,003$19,184-$30,187
Information Technology-$23,894-$23,894
Insurance-$17,374-$17,374
Other Expenses$53,858$16,408-$16,408
Fees for Services Legal-$13,449-$13,449
Fees for Services Accounting-$9,000-$9,000
Office Expenses-$7,677-$7,677
Depreciation Depletion$5,718--$5,718
Interest-$5,716-$5,716
Advertising-$4,025-$4,025
Conferences and Meetings$1,722--$1,722
Total Functional Expenses$1,253,015$442,734$0$1,695,749

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,695,749
Total Expenses per Audited Statements$1,695,749
Total Expenses per Form 990$1,695,749
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 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
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The organization does not have a committee with authority to act on its behalf.

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

A copy of the return will be provided to the board members either by mail or email before filing.

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

Board members complete annual disclosures and this is monitored by the executive director. If a conflict arises the board member is asked to excuse himself/herself from all discussions and voting on the issue.

Form 990, Part VI, Section B, Line 15

Board committee reviewed comparable non-profit education salaries before determining executive director and principal's salary

Form 990, Part VI, Section C, Line 19

The required documents are available at the bussiness address during normal business hours upon request

Filing and Contact Details

Filer

Filer Name
Soleil Academy Charter School
EIN
81-4465662
Phone
3234090801
Address
3900 AGNES AVE, LYNWOOD, CA 90262

Signing Officer

Name
Beatriz Gutierrez
Title
Executive Director
Phone
3234090801
Signed
2021-04-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Beatriz Gutierrez
Formed
2016
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
20
Volunteers
7

Preparer

Firm
Eide Bailly Llp
Address
10681 FOOTHILL BLVD STE 300, RANCHO CUCAMONGA, CA 91730-3831
Preparer
Catherine L Gray
Phone
9094664410
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consultants: program service expenses 116,711. Management and general expenses 108,898. Fundraising expenses 0. Total expenses 225,609.

Financial Statement Notes

PART X, LINE 2:

Management believes that the organization has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The organization would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.

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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08090
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt01695749
IRS990ScheduleD/TotalRevenuePerForm990Amt02153049
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01695749
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd01
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS A PUBLIC CHARTER SCHOOL AND THEREFORE IS NOT SUBJECT TO THE FORMAL COMPLIANCE WITH REVENUE PROCEDURE 75-50 AS LONG AS THE CHARTER AGREEMENT WITH THE STATE IS IN EFFECT. THE SCHOOL DOES INCLUDE INFORMATION REGARDING ITS NON-DISCRIMINATION PRACTICES IN ITS ENROLLMENT PACKAGES.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1AS A PUBLIC CHARTER SCHOOL, THE SCHOOL DOES NOT PROVIDE SCHOLARSHIPS OR FINANCIAL AID.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2CALIFORNIA STATE APPORTIONMENT REVENUE BASED ON STUDENT ATTENDANCE
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON ITS BEHALF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE RETURN WILL BE PROVIDED TO THE BOARD MEMBERS EITHER BY MAIL OR EMAIL BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS COMPLETE ANNUAL DISCLOSURES AND THIS IS MONITORED BY THE EXECUTIVE DIRECTOR. IF A CONFLICT ARISES THE BOARD MEMBER IS ASKED TO EXCUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND VOTING ON THE ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD COMMITTEE REVIEWED COMPARABLE NON-PROFIT EDUCATION SALARIES BEFORE DETERMINING EXECUTIVE DIRECTOR AND PRINCIPAL'S SALARY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE REQUIRED DOCUMENTS ARE AVAILABLE AT THE BUSSINESS ADDRESS DURING NORMAL BUSINESS HOURS UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONSULTANTS: PROGRAM SERVICE EXPENSES 116,711. MANAGEMENT AND GENERAL EXPENSES 108,898. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 225,609.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
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 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/UponRequestInd0X
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IRS990/WebsiteAddressTxt0HTTP://WWW.SOLEILACADEMY.ORG/
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BEATRIZ GUTIERREZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03234090801
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOLEIL ACADEMY CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0SOLE
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EIDE BAILLY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010681 FOOTHILL BLVD STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RANCHO CUCAMONGA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA

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