Liabilities / Assets
88th percentile
Higher debt load relative to assets than 88% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.75x
Liabilities / Revenue
52nd percentile
Higher debt load relative to revenue than 52% of similar nonprofits.
Net Margin
47th percentile
Higher net margin than 47% of similar nonprofits.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$240,434
No earlier filing loaded for comparison.
Net Assets
$60,589
No earlier filing loaded for comparison.
Liabilities
$179,845
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
$1,828,271
No earlier filing loaded for comparison.
Expenses
$1,787,862
No earlier filing loaded for comparison.
Net Income
$40,409
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2018 to Jun 30, 2019
- Signed
- Dec 20, 2019
- Return Version
- 2018v3.0
- Gross Receipts
- $1,828,271
Mission and Program Overview
Mission
The mission of Edison Project is to provide students the opportunity to develop critical thinking and problem-solving skills, enabling them to set and achieve goals which will improve the future of society.
Edison School of Innovation provides high expectations and an enthusiastic learning environment with a rigorous curriculum and thoughtful leadership which empowers students to become creative, collaborative problem solvers ready to take on any challenge.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $112,320 | $162,148 | ▲ $49,828 |
| Loans From Officers Directors | $35,403 | $30,020 | ▼ $5,383 |
| Accounts Receivable | - | $19,818 | - |
| Pledges and Grants Receivable | $21,023 | $11,609 | ▼ $9,414 |
| Land, Buildings, and Equipment, Net | - | $7,890 | - |
| Prepaid Expenses and Deferred Charges | $9,019 | $5,636 | ▼ $3,383 |
| Total Assets | $142,362 | $240,434 | ▲ $98,072 |
| Other Assets Total | - | $33,333 | - |
| Liabilities | |||
| Other Liabilities | - | $110,208 | - |
| Accounts Payable and Accrued Expenses | $98,414 | $37,062 | ▼ $61,352 |
| Unsecured Notes Loans Payable | $12,991 | - | - |
| Deferred Revenue | $8,706 | $2,555 | ▼ $6,151 |
| Total Liabilities | $155,514 | $179,845 | ▲ $24,331 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $-13,152 | $60,589 | ▲ $73,741 |
| Permanently Rstr Net Assets | $0 | $0 | → $0 |
| Temporarily Rstr Net Assets | $0 | $0 | → $0 |
| Total Net Assets Fund Balance | $-13,152 | $60,589 | ▲ $73,741 |
| Total Liabilities and Net Assets / Fund Balance | $142,362 | $240,434 | ▲ $98,072 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $7,890 | $717 | $8,607 |
| Buildings | $0 | $0 | $0 |
| Other Land Buildings | $0 | $0 | $0 |
| Land | $0 | - | $0 |
| Leasehold Improvements | $0 | $0 | $0 |
| Other Assets Org | $33,333 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Edison Rose | Board Member, Operations Director | FT | $45,196 | $45,196 |
| Cheryl Rose | Principal | FT | $32,530 | $32,530 |
| Benjamin Horne | Board Member, Finance Manager | FT | $30,645 | $30,645 |
Board Members and Trustees
| Name | Title |
|---|---|
| Ingrid Benson | Board member |
| Kelly Dwyer | Board Member |
| Susie Torrejos | Board Member |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $395,339
- Program Service Revenue
- $1,429,414
- Investment Income
- $0
- Other Revenue
- $3,518
- All Other Contributions
- $25,771
- Change in Net Assets
- $40,409
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $1,828,270
- Revenue Not Reported on Financial Statements
- $1
- Revenue Not Reported on Form 990
- $0
- Other Revenue Adjustments
- $1
- Total Revenue per Audited Statements
- $1,828,270
- Total Revenue per Form 990
- $1,828,271
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $1,118,825 |
| Other Expenses | $669,037 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $655,000 | $84,949 | - | $739,949 |
| Occupancy | $200,709 | $26,751 | - | $227,460 |
| Current Officers, Directors, Trustees, and Key Employees | - | $171,700 | - | $171,700 |
| Information Technology | $119,960 | $25,428 | - | $145,388 |
| Fees for Services Other | $100,374 | $6,251 | - | $106,625 |
| Office Expenses | $87,365 | $16,330 | - | $103,695 |
| Other Employee Benefits | $93,029 | $16 | - | $93,045 |
| Payroll Taxes | $50,625 | $21,864 | - | $72,489 |
| Advertising | - | $46,518 | - | $46,518 |
| Pension Plan Contributions | $41,569 | $73 | - | $41,642 |
| Insurance | $14,819 | $1,647 | - | $16,466 |
| Fees for Services Accounting | - | $16,043 | - | $16,043 |
| Interest | - | $1,600 | - | $1,600 |
| Travel | $36 | $1,290 | - | $1,326 |
| Fees for Services Legal | - | $728 | - | $728 |
| Depreciation Depletion | $681 | $36 | - | $717 |
| Other Expenses | $0 | $451 | $0 | $451 |
| Total Functional Expenses | $1,364,167 | $423,695 | $0 | $1,787,862 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $1,787,862 |
| Total Expenses per Audited Statements | $1,787,862 |
| Total Expenses per Form 990 | $1,787,862 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Other Expense Adjustments | $0 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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 Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $35,403 | $30,020 | ▼ $5,383 |
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Accrued Payroll Expense | $102,103 |
| Due to School Sponsored Groups | $8,105 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- Yes
- 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
- 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 2
“Edison Rose (Director, Officer) has a family relationship with Cheryl Rose (Officer)”
Form 990, Part VI, Section B, Line 11B
“Each governing board member is sent an electronic copy of the return to review. The board members comes back with suggested revisions, which are made and the revised copies re-sent. This process is continued until the board was fully satisfied with the accuracy of the return and approves the filing in a Board Meeting.”
Form 990, Part VI, Section B, Line 12C
“The Board President and Secretary review all members' conflict of interest agreements for any disclosed items. The President and Secretary both practice due diligence during board items that may involve one or more of the disclosed conflicts of interest. The Board President ensures that the member with the conflict of interest follows the procedures stated in the Bylaws.”
Form 990, Part VI, Section B, Line 15
“Salary for all three Officers (Principal, Operations Director, Finance Manager) was brought up for discussion and review by the governing board for FY19 in 2019. The process involved bench marking the positions with surrounding school districts and industry standards. Board members were provided with the results of these benchmarks as well as job descriptions and any relevant performance information. Results were discussed in a executive session and then the resulting salary determinations were approved in the next monthly board meeting.”
Form 990, Part VI, Section C, Line 19
“During the year our governing documents, policies / bylaws, and financial statements were made available via request. Certain important documents were also available via our website.”
Filing and Contact Details
Filer
- Filer Name
- Edison Project
- EIN
- 82-0963153
- Phone
- 6232822871
- Address
- 8340 W Northern Ave, Glendale, AZ 85305
- Doing Business As
- Edison School of Innovation
Signing Officer
- Name
- Benjamin Horne
- Title
- Finance Manager
- Phone
- 6236968645
- Signed
- 2019-12-20
Organization Details
- Principal Officer
- Benjamin Horne
- Formed
- 2017
- Legal Domicile
- Az
- Voting Board Members
- 4
- Independent Board Members
- 2
- Employees
- 22
- Volunteers
- 1
Supplemental Narrative
Additional Explanations
Form 990, Part III, Line 2
“Tax Year 2018 was our first year in operation as a school. Previous years were during the start up period. The new project is the services provided by the school.”
Form 990, Part XII, Line 2C
“The Governing Board selects the Auditor and reviews the audit report and its findings.”
Financial Statement Notes
Schedule D, Part XI, Line 4B
“Variance caused by rounding.”
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| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 2020 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 451 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 2020 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 451 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 110208 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 611110 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | Credit Card Cashback |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 0 |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 3518 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 3518 |
| IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/OtherRevenueTotalAmt | 0 | 3518 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 84949 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 655000 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 739949 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 21864 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 50625 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 72489 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 73 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 41569 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 41642 |
| IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt | 0 | 0 |
| IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 21023 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 11609 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 9019 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 5636 |
| IRS990/PrincipalOfficerNm | 0 | Benjamin Horne |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | 33332 |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 611110 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 611110 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 611110 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 3 | 611110 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | State Equalization Payments |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | Classroom Site Fund |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | Prop 123 Funding |
| IRS990/ProgramServiceRevenueGrp/Desc | 3 | Instructional Improvement Fund |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 1 | 0 |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 2 | 0 |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 3 | 0 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1314283 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 99027 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 8626 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 3 | 7478 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 1314283 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 99027 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 8626 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 7478 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 1 | 0 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 2 | 0 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 3 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 202418 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 183786 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -6005 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 24637 |
| IRS990/PYTotalExpensesAmt | 0 | 208423 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 202418 |
| IRS990/QuidProQuoContributionsInd | 0 | 1 |
| IRS990/QuidProQuoContriDisclInd | 0 | 1 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 40409 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RelatedOrganizationsAmt | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/PersonalAmt | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 1429414 |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/DonatedServicesAndUseFcltsAmt | 0 | 0 |
| IRS990ScheduleD/DonatedServicesUseFcltsAmt | 0 | 0 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 7890 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 717 |
| IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 8607 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1787862 |
| IRS990ScheduleD/InvestmentExpensesNotIncld2Amt | 0 | 0 |
| IRS990ScheduleD/InvestmentExpensesNotIncldAmt | 0 | 0 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 0 |
| IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 0 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 0 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/LossesReportedAmt | 0 | 0 |
| IRS990ScheduleD/NetUnrealizedGainsInvstAmt | 0 | 0 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 33333 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | Security Deposit |
| IRS990ScheduleD/OtherExpensesIncludedAmt | 0 | 0 |
| IRS990ScheduleD/OtherExpensesNotIncludedAmt | 0 | 0 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 0 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 0 |
| IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 8105 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 102103 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | Due to School Sponsored Groups |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | Accrued Payroll Expense |
| IRS990ScheduleD/OtherRevenueAmt | 0 | 0 |
| IRS990ScheduleD/OtherRevenuesNotIncludedAmt | 0 | 1 |
| IRS990ScheduleD/PriorYearAdjustmentsAmt | 0 | 0 |
| IRS990ScheduleD/RecoveriesPriorYearGrantsAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 1 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 1828270 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | Variance caused by rounding. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule D, Part XI, Line 4b |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 7890 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 33333 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1787862 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 110208 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 1828271 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 1828270 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 1787862 |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | 1 |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | 0 |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | 1 |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | 0 |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | 1 |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | 1 |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | 1 |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | 1 |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | 1 |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | A Racial Nondiscrimination Notice was published during the enrollment period in a local newspaper. |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 1 | The school receives monthly payments from the state government based on the amount of enrolled and attending students. The school also receives federal government grants for specific educational purposes. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule E, Part I, Line 3 |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Schedule E, Part I, Line 6 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Tax Year 2018 was our first year in operation as a school. Previous years were during the start up period. The new project is the services provided by the school. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Edison Rose (Director, Officer) has a family relationship with Cheryl Rose (Officer) |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Each governing board member is sent an electronic copy of the return to review. The board members comes back with suggested revisions, which are made and the revised copies re-sent. This process is continued until the board was fully satisfied with the accuracy of the return and approves the filing in a Board Meeting. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | The Board President and Secretary review all members' conflict of interest agreements for any disclosed items. The President and Secretary both practice due diligence during board items that may involve one or more of the disclosed conflicts of interest. The Board President ensures that the member with the conflict of interest follows the procedures stated in the Bylaws. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Salary for all three Officers (Principal, Operations Director, Finance Manager) was brought up for discussion and review by the governing board for FY19 in 2019. The process involved bench marking the positions with surrounding school districts and industry standards. Board members were provided with the results of these benchmarks as well as job descriptions and any relevant performance information. Results were discussed in a executive session and then the resulting salary determinations were approved in the next monthly board meeting. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | During the year our governing documents, policies / bylaws, and financial statements were made available via request. Certain important documents were also available via our website. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | The Governing Board selects the Auditor and reviews the audit report and its findings. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part III, Line 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section A, Line 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section B, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section B, Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Section B, Line 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part VI, Section C, Line 19 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2019 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $240,434
- Liabilities
- $179,845
- Net assets
- $60,589
- Revenue
- $1,828,271
- Expenses
- $1,787,862
- Net income
- $40,409