Civic Intelligence

Kairos Academies

990 • Fiscal year 2022 • EIN 81-5408421

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 28, 2023

2315 Miami StSt Louis, MO 63118

(314) 252-0602

Siviq Scores

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

Liabilities / Assets

18th percentile

0.01x

Higher debt load relative to assets than 18% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

11th percentile

0.00x

Higher debt load relative to revenue than 11% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

74th percentile

23%

Higher net margin than 74% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

80th percentile

$221,456

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

95th percentile

100%

Faster asset growth than 95% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

92nd percentile

100%

Faster revenue growth than 92% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Up

$3,629,526

Up $1,812,639 (+100%) from 2021

Net Assets

Up

$3,597,960

Up $1,783,719 (+98%) from 2021

Liabilities

Up

$31,566

Up $28,920 (+1093%) from 2021

Revenue

Up

$7,702,404

Up $3,846,660 (+100%) from 2021

Expenses

Up

$5,918,685

Up $3,274,036 (+124%) from 2021

Net Income

Up

$1,783,719

Up $572,624 (+47%) from 2021

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: $15,593Liabilities 2018: $0Net Assets 2018: $15,5932018Assets 2019: $268,735Liabilities 2019: $130Net Assets 2019: $268,6052019Assets 2020: $608,439Liabilities 2020: $5,293Net Assets 2020: $603,1462020Assets 2021: $1,816,887Liabilities 2021: $2,646Net Assets 2021: $1,814,2412021Assets 2022: $3,629,526Liabilities 2022: $31,566Net Assets 2022: $3,597,9602022Assets 2023: $3,287,181Liabilities 2023: $0Net Assets 2023: $3,287,1812023Assets 2024: $2,777,089Liabilities 2024: $1,153,174Net Assets 2024: $1,623,9152024

Highlighted filing

2022

Assets$3,629,526
Liabilities$31,566
Net Assets$3,597,960

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2018: $50,637Expenses 2018: $35,044Net Income 2018: $15,5932018Revenue 2019: $358,663Expenses 2019: $105,752Net Income 2019: $252,9112019Revenue 2020: $2,147,321Expenses 2020: $1,544,175Net Income 2020: $603,1462020Revenue 2021: $3,855,744Expenses 2021: $2,644,649Net Income 2021: $1,211,0952021Revenue 2022: $7,702,404Expenses 2022: $5,918,685Net Income 2022: $1,783,7192022Revenue 2023: $9,917,128Expenses 2023: $10,227,907Net Income 2023: -$310,7792023Revenue 2024: $9,043,750Expenses 2024: $10,707,016Net Income 2024: -$1,663,2662024

Highlighted filing

2022

Revenue$7,702,404
Expenses$5,918,685
Net Income$1,783,719
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 28, 2023
Return Version
2021v4.2
Gross Receipts
$7,702,404
Mission and Program Overview

Mission

Kairos Academies is a public charter school located in St. Louis, Missouri leveraging a personalized learning curriculum, one-to-one academic coaching model, and a restorative justice approach to social emotional development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,814,241$3,597,960▲ $1,783,719
Cash and Non-Interest-Bearing Accounts$1,787,766$3,215,840▲ $1,428,074
Land, Buildings, and Equipment, Net$29,121$372,305▲ $343,184
Savings and Temporary Cash Investments-$22,881-
Prepaid Expenses and Deferred Charges-$18,500-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,816,887$3,629,526▲ $1,812,639
Liabilities
Accounts Payable and Accrued Expenses-$31,566-
Other Liabilities$2,646$0▼ $2,646
Total Liabilities$2,646$31,566▲ $28,920
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,814,241$3,597,960▲ $1,783,719
Total Liabilities and Net Assets / Fund Balance$1,816,887$3,629,526▲ $1,812,639

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$290,744$48,458$339,202
Equipment$81,561$12,915$94,476
Compensation and Service Providers

Employees

NameTitleOtherTotal
Nick JohnsonDirector of Finance and Operations$62,166$62,166

Board Members and Trustees

NameTitle
Hugh EastwoodBoard President
Kevin KerrBoard Secretary
Aaron JacksonDirector
Amanda SullivanDirector
Katie OwensDirector
Nicole PlairDirector
Whitney YoungDirector
Jack KrewsonChief Strategy Officer
Brittany KelleherCOO
Gavin SchiffresEx-Officio/CEO
Eloise SchlaflyTreasurer
Chisom UcheTreasurer to 8/31/21

Highest Paid Contractors

ContractorServicesLocationCompensation
Kairos Academies VanguardManagement and other services2315 Miami St, St Louis, MO 63118$2,087,967
Revenue and Support

Revenue Composition

Contributions and Grants
$7,642,649
Program Service Revenue
$59,753
Investment Income
$2
Other Revenue
$0
All Other Contributions
$563,835
Change in Net Assets
$1,783,719

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,702,404
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,702,404
Total Revenue per Form 990
$7,702,404
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,698,371
Salaries, Compensation, and Employee Benefits$1,220,314
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,813,375$298,967-$2,112,342
Occupancy$850,113$224,416-$1,074,529
Fees for Services Management$475,627$475,627-$951,254
Other Salaries and Wages$912,903$9,311-$922,214
Office Expenses$201,410$22,224-$223,634
Pension Plan Contributions$163,952$3,448-$167,400
Payroll Taxes$68,360$744-$69,104
Conferences and Meetings$62,677--$62,677
Other Employee Benefits$61,596--$61,596
Depreciation Depletion$51,681$9,692-$61,373
Information Technology$20,335$27,696-$48,031
Fees for Services Legal-$23,228-$23,228
Fees for Services Accounting-$21,600-$21,600
Insurance-$20,359-$20,359
Travel$185$1,723-$1,908
Other Expenses$1,655$2,081-$1,655
Total Functional Expenses$4,777,569$1,141,116$0$5,918,685

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,918,685
Total Expenses per Audited Statements$5,918,685
Total Expenses per Form 990$5,918,685
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Hugh EastwoodBoard PresidentHugh Eastwood serves as Board President of Kairos Academies and is also a board member of Kairos Academy Vanguard, a related organization. Mr. Eastwood is not compensated.No$0
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
Yes
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

Form 990, Part VI, Section A, line 3

Kairos Academies Vanguard, a related organization, provided management services to Kairos Academies including executive leadership, finance, operations, instructional managment, development, front desk, SPED servcies, communication and marketing, data and platform management, staff and volunteer recruitment, student recruitment, space expansion, foreign language services, restorative justice programming, executive functioning programming, extracurriculars and athletics programming and arts programming through June 30, 2022.

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

All members of the board are provided a copy of the 990. The board president and chief executive officer will review the 990 before signing.

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

Board members fill out an annual conflict of interest questionnaire each fiscal year, and new board members fill out the questionnaire upon joining the board. This is supervised by our charter school sponsor, a state accountability measure.

Form 990, Part VI, Section B, line 15

Compensation of top officials is reviewed each year by the members of the board.

Form 990, Part VI, Section C, line 19

Kairos Academies' governing documents, minutes, agendas, notice of meetings, and board policies are available on its website and by request.

Filing and Contact Details

Filer

Filer Name
Kairos Academies
EIN
81-5408421
Phone
3142520602
Address
2315 Miami St, St Louis, MO 63118

Signing Officer

Name
Eloise Schlafly
Title
Board Treasurer
Phone
3142520602
Signed
2023-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Khalil Graham
Formed
2016
Legal Domicile
Mo
Voting Board Members
8
Independent Board Members
8
Employees
35
Volunteers
50

Preparer

Firm
Kerber Eck & Braeckel LLP
Address
One South Memorial Dr Ste 900, Saint Louis, MO 63102
Preparer
Steve Eckhard CPA
Phone
3142316232
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Contract and Professional Fees: Program service expenses 648,987. Management and general expenses 298,967. Fundraising expenses 0. Total expenses 947,954. Instruction and Special Education professional services: Program service expenses 894,744. Management and general expenses 0. Fundraising expenses 0. Total expenses 894,744. Student health services : Program service expenses 269,644. Management and general expenses 0. Fundraising expenses 0. Total expenses 269,644.

Form 990, Part XII, Line 1:

The organization uses the modified cash basis of accounting.

Form 990, Part XII, Line 2C:

No changes from the prior year.

Financial Statement Notes

Part X, Line 2:

The School is a not-for-profit organization under Section 501(c)(3) of the Internal Revenue Code and is exempt from income taxes on related income under Section 501(a) of the Code. The School files federal information returns which are subject to audit by the Internal Revenue Service generally for three years from the date they are to be filed.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4Board President
IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt7Treasurer to 8/31/21
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IRS990/MissionDesc0Kairos Academies is a public charter school located in St. Louis, Missouri leveraging a personalized learning curriculum, one-to-one academic coaching model, and a restorative justice approach to social emotional development.
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IRS990/PrincipalOfficerNm0Dr Khalil Graham
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The School is a not-for-profit organization under Section 501(c)(3) of the Internal Revenue Code and is exempt from income taxes on related income under Section 501(a) of the Code. The School files federal information returns which are subject to audit by the Internal Revenue Service generally for three years from the date they are to be filed.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Kairos Academies publicized its non-discriminatory, open-enrollment policy in newspaper articles documenting Kairos' sponsorship and authorization. Kairos was also party to press releases from our charter school sponsor (Missouri Charter Public School Commission) that publicizes our non-discriminatory, open-enrollment policies. Kairos' admission policy is a matter of public record on both the State Board of Education's website and Kairos' website.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The organization is a public charter school principally funded by local, state and federal monies received through the Missouri Department of Elementary and Secondary Education.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00

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