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.
0.76x
Liabilities / Revenue
58th percentile
Higher debt load relative to revenue than 58% of similar nonprofits.
Net Margin
40th percentile
Higher net margin than 40% of similar nonprofits.
Top Officer Pay
46th percentile
Higher top officer pay than 46% of similar nonprofits.
Top officer pay equals 1.5% of source-year revenue.
Asset Growth
89th percentile
Faster asset growth than 89% of similar nonprofits.
Revenue Growth
70th percentile
Faster revenue growth than 70% of similar nonprofits.
Balance Sheet
Assets
Up$849,988
Up $338,978 (+66%) from 2019
Net Assets
Up$207,166
Up $31,733 (+18%) from 2019
Liabilities
Up$642,822
Up $307,245 (+92%) from 2019
Revenue And Expenses
Revenue
Up$3,335,925
Up $416,780 (+14%) from 2019
Expenses
Up$3,304,192
Up $560,480 (+20%) from 2019
Net Income
Down$31,733
Down $143,700 (-82%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jun 1, 2019 to May 31, 2020
- Signed
- Oct 5, 2020
- Return Version
- 2019v5.0
- Gross Receipts
- $3,342,579
Mission and Program Overview
Mission
To provide a quality education to students enrolled in its private school located in california. Applied educational concepts, inc. Shall provide education services and materials for pre-k through grade 12 to students, their families and the community.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $460,293 | $768,977 | ▲ $308,684 |
| Land, Buildings, and Equipment, Net | $28,601 | $62,938 | ▲ $34,337 |
| Accounts Receivable | $13,229 | $8,474 | ▼ $4,755 |
| Inventories for Sale or Use | $3,537 | $3,770 | ▲ $233 |
| Savings and Temporary Cash Investments | - | $0 | - |
| Other Notes and Loans Receivable, Net | - | $0 | - |
| Pledges and Grants Receivable | - | $0 | - |
| Receivable From Disqualified Prsn | - | $0 | - |
| Receivables From Officers Etc | - | $0 | - |
| Investments Other Securities | - | $0 | - |
| Investments Program Related | - | $0 | - |
| Investments in Publicly Traded Securities | - | $0 | - |
| Intangible Assets | - | $0 | - |
| Prepaid Expenses and Deferred Charges | - | $0 | - |
| Total Assets | $511,010 | $849,988 | ▲ $338,978 |
| Other Assets Total | $5,350 | $5,829 | ▲ $479 |
| Liabilities | |||
| Other Liabilities | $312,308 | $621,535 | ▲ $309,227 |
| Accounts Payable and Accrued Expenses | $23,269 | $21,287 | ▼ $1,982 |
| Total Liabilities | $335,577 | $642,822 | ▲ $307,245 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $175,433 | $207,166 | ▲ $31,733 |
| Total Net Assets Fund Balance | $175,433 | $207,166 | ▲ $31,733 |
| Total Liabilities and Net Assets / Fund Balance | $511,010 | $849,988 | ▲ $338,978 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $131,051 | $8,232 | $139,283 |
| Leasehold Improvements | $113,960 | $4,080 | $118,040 |
| Other Land Buildings | $-182,073 | $218,030 | $35,957 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Karen Dale | Dir/Sec/Treas | FT | $49,573 | $49,573 |
Board Members and Trustees
| Name | Title |
|---|---|
| Matt Bartilson | Chairman |
| Kevin Dale | Dir/President |
| Calyn Rienhart | Director |
| Derek Devette | Director |
| Michael Coleman | Director |
| Zack Gainsforth | Director |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $98,272
- Program Service Revenue
- $3,216,041
- Investment Income
- $0
- Other Revenue
- $21,612
- All Other Contributions
- $98,272
- Change in Net Assets
- $31,733
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $1,672,083 |
| Other Expenses | $820,243 |
| Grants and Similar Amounts Paid | $811,866 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $1,511,033 | - | - | $1,511,033 |
| Grants to Domestic Individuals | $811,866 | - | - | $811,866 |
| All Other Expenses | $136,885 | $78,984 | - | $215,869 |
| Payroll Taxes | $111,477 | - | - | $111,477 |
| Occupancy | $108,535 | - | - | $108,535 |
| Other Expenses | $72,793 | - | - | $72,793 |
| Current Officers, Directors, Trustees, and Key Employees | $49,573 | - | - | $49,573 |
| Insurance | $34,491 | - | - | $34,491 |
| Office Expenses | - | $19,383 | - | $19,383 |
| Depreciation Depletion | $11,641 | - | - | $11,641 |
| Total Functional Expenses | $3,205,825 | $98,367 | $0 | $3,304,192 |
Fundraising, Events, and Gaming
- Fundraising activities
- Yes
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $27,292 |
| Fundraising Direct Expenses | $6,246 |
| Professional Fundraising Fees | $0 |
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Duck Splash | $14,193 | $14,193 | $911 | $13,282 |
| Game Night | $13,099 | $13,099 | - | $13,099 |
| Total Events | $27,292 | $27,292 | $911 | $26,381 |
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 |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Ppp Loan | $294,592 |
| Deferred Revenue | $165,842 |
| Accrued Payroll | $92,081 |
| Accrued Vacation | $66,102 |
| Capital Lease Payable | $2,628 |
| Sales Tax Payable | $290 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- 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, Line 11B: Form 990 Review Process
“Copy of 990 sent to the board before filing”
Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts
“It is expected that no board member or corporation's management member shall use his or her position, or knowledge gained there from the organization in such a manner that a conflict arises between the interest of applied educationsl concepts, inc. And any of its affilitates and his or her personal or professional interests. Each board member and management member has the duty to place the interest of the organization foremost in any dealings on behalf of the organization, and has a continuing responsibility to comply with this policy.applied educational concepts, inc. Has a conflict-of-interest policy and whistle blower policy, which together ensure that any member of the corporation's board of directors and/or any officer or employee (collectively "interested persons")who has a direct or indirect financial interest (a defined term, which includes all circumstances in which an interested person may profit from an action or decision by the corporation in which the interested person participates, and of which he or she has knowledge) in a transaction or activity, discloses the existance of the financial interest. Such disclosure must be made to the board of directors which, in turn, must make a decision of whether a conflict exists, and if it does, whether the subject transaction or activity is in the corporation's best interest, is for the corporation's benefit, and is fair and reasonable. Violations result in appropriate disciplinary and corrective actions. All officers, board members, and key personel sign annual statements attesting to their compliance with the corporation's conflict of interest policy.”
Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management
“Appplied educational concepts, inc. Compensation policy ensures against payments in excess of reasonable compensation to its officers, directors, and key employees - that is, against payments in excess of compensation amounts that would ordinarily be paid for like services by a like organization under like circumstances. In addition, the corporation's conflict-of-interest policy requires periodic review by the board of directors to ensure that compensation arrangements and benefits for the corporation's officers, directors, and key employees do not exceed levels that are reasonable based on independent schools salary information provided by the national association on independent schools.”
Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees
“Appplied educational concepts, inc. Compensation policy ensures against payments in excess of reasonable compensation to its officers, directors, and key employees - that is, against payments in excess of compensation amounts that would ordinarily be paid for like services by a like organizatioj under like circumstances. In addition, the corporation's conflict-of-interest policy requires periodic review by the board of directors to ensure that compensation arrangements and benefits for the corporation's officers, directors, and key employees do not exceed levels that are reasonable based on independent schools salary information provided by the national association on independent schools.”
Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
“Applied educational concepts, inc. Makes its governing documents, conflict-of-interest policy, and/or financial statements available to the public only as required by federal and state law.”
Filing and Contact Details
Filer
- Filer Name
- Applied Educational Concepts Inc
- EIN
- 82-1326283
- Phone
- 8185831020
- Address
- 11341 BRAINARD AVE, LAKE VIEW TERRACE, CA 91342
Signing Officer
- Name
- Kevin Dale
- Title
- President
- Signed
- 2020-10-05
- Discuss with paid preparer
- Yes
Organization Details
- Formed
- 2018
- Legal Domicile
- CA
- Voting Board Members
- 7
- Independent Board Members
- 7
- Employees
- 43
- Volunteers
- 13
Preparer
- Firm
- Stern Kory Sreden & Morgan AAC
- Address
- 24961 The Old Road 2nd Floor, Stevenson Ranch, CA 91381
- Preparer
- Douglas a Ridnor CPA
- Phone
- 6612861040
Raw XML AppendixShowing 400 of 461 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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| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 207166 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 21046 |
| IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt | 0 | 566 |
| IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 566 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 175433 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 207166 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 108535 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 108535 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 19383 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 19383 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 5350 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 5829 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | EDUCATIONAL EXPENSES |
| IRS990/OtherExpensesGrp/Desc | 1 | APPLIED SCHOLASTICS LICENSE |
| IRS990/OtherExpensesGrp/Desc | 2 | DSI LICENSE FEES |
| IRS990/OtherExpensesGrp/Desc | 3 | UTILITIES |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 135550 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 112001 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 109980 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 72793 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 135550 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 112001 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 109980 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 72793 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 312308 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 621535 |
| IRS990/OtherRevenueTotalAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 1511033 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 1511033 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 111477 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 111477 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 0 |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | AFTER SCHOOL CARE |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | APPLICATION FEES |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | CONTRACT BREAK FEES |
| IRS990/ProgramServiceRevenueGrp/Desc | 3 | MATERIAL FEES |
| IRS990/ProgramServiceRevenueGrp/Desc | 4 | TUITION |
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| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 11555 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 3338 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 3 | 268421 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 4 | 2923559 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 9168 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 11555 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 3338 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 268421 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 4 | 2923559 |
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| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 883376 |
| IRS990/PYInvestmentIncomeAmt | 0 | 2470 |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 627822 |
| IRS990/PYOtherRevenueAmt | 0 | 17783 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 2869236 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 175433 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 1232514 |
| IRS990/PYTotalExpensesAmt | 0 | 2743712 |
| IRS990/PYTotalRevenueAmt | 0 | 2919145 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 31733 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RoyaltiesGrp/TotalAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 0 |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 131051 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 8232 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 139283 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 113960 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 4080 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 118040 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | -182073 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 218030 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 35957 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 92081 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 66102 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 2628 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 3 | 165842 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 4 | 294592 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 5 | 290 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | ACCRUED PAYROLL |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | ACCRUED VACATION |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | CAPITAL LEASE PAYABLE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 3 | DEFERRED REVENUE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 4 | PPP LOAN |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 5 | SALES TAX PAYABLE |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 62938 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 621535 |
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| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | false |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | true |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | true |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | true |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | true |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | true |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Schedule E, Line 4 - Explanation of Records and Materials Not Maintained |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Schedule E, Line 5 - Explanation of Organization Discrimination by Race |
| IRS990ScheduleG/AgrmtProfFundraisingActyInd | 0 | false |
| IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt | 0 | 911 |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | DUCK SPLASH |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm | 0 | GAME NIGHT |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt | 0 | 14193 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt | 0 | 13099 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt | 0 | 27292 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt | 0 | 14193 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt | 0 | 13099 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt | 0 | 27292 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt | 0 | 26381 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt | 0 | 911 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt | 0 | 911 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | true |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt | 0 | 46004 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 0 | SCHOLARSHIPS & FINANCIAL AID |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt | 0 | 765862 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc | 0 | TUITION REDUCTION |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt | 0 | 148 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc | 0 | COST |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS, SCHOLARSHIPS, FINANCIAL AID AND FELLOWSHIPS PROGRAMS ARE INITIALLY ANALYZED BY THE INDEPENDENT NATIONAL COMPANY (FAST); BUT ARE ULTIMATELY ONLY AWARDED BASED ON MERIT AND/OR NEED. ALL PROGRAMS ARE ADMINISTERED PURSUANT TO DIRECTIVES APPROED BY THE BOARD OF DIRECTORS AND ARE REVIEWED REGULARLY BY ADMINISTRATIVE STAFF. FUNDS AWARDED ARE ACCOUNTED FOR AS A REDUCTION IN TUITION OTHERWISE REQUIRED UNDER ENROLLMENT CONTRACTS. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Additional Supplemental Information |
| IRS990ScheduleI/Total501c3OrgCnt | 0 | 0 |
| IRS990ScheduleI/TotalOtherOrgCnt | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | COPY OF 990 SENT TO THE BOARD BEFORE FILING |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | IT IS EXPECTED THAT NO BOARD MEMBER OR CORPORATION'S MANAGEMENT MEMBER SHALL USE HIS OR HER POSITION, OR KNOWLEDGE GAINED THERE FROM THE ORGANIZATION IN SUCH A MANNER THAT A CONFLICT ARISES BETWEEN THE INTEREST OF APPLIED EDUCATIONSL CONCEPTS, INC. AND ANY OF ITS AFFILITATES AND HIS OR HER PERSONAL OR PROFESSIONAL INTERESTS. EACH BOARD MEMBER AND MANAGEMENT MEMBER HAS THE DUTY TO PLACE THE INTEREST OF THE ORGANIZATION FOREMOST IN ANY DEALINGS ON BEHALF OF THE ORGANIZATION, AND HAS A CONTINUING RESPONSIBILITY TO COMPLY WITH THIS POLICY.APPLIED EDUCATIONAL CONCEPTS, INC. HAS A CONFLICT-OF-INTEREST POLICY AND WHISTLE BLOWER POLICY, WHICH TOGETHER ENSURE THAT ANY MEMBER OF THE CORPORATION'S BOARD OF DIRECTORS AND/OR ANY OFFICER OR EMPLOYEE (COLLECTIVELY "INTERESTED PERSONS")WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST (A DEFINED TERM, WHICH INCLUDES ALL CIRCUMSTANCES IN WHICH AN INTERESTED PERSON MAY PROFIT FROM AN ACTION OR DECISION BY THE CORPORATION IN WHICH THE INTERESTED PERSON PARTICIPATES, AND OF WHICH HE OR SHE HAS KNOWLEDGE) IN A TRANSACTION OR ACTIVITY, DISCLOSES THE EXISTANCE OF THE FINANCIAL INTEREST. SUCH DISCLOSURE MUST BE MADE TO THE BOARD OF DIRECTORS WHICH, IN TURN, MUST MAKE A DECISION OF WHETHER A CONFLICT EXISTS, AND IF IT DOES, WHETHER THE SUBJECT TRANSACTION OR ACTIVITY IS IN THE CORPORATION'S BEST INTEREST, IS FOR THE CORPORATION'S BENEFIT, AND IS FAIR AND REASONABLE. VIOLATIONS RESULT IN APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTIONS. ALL OFFICERS, BOARD MEMBERS, AND KEY PERSONEL SIGN ANNUAL STATEMENTS ATTESTING TO THEIR COMPLIANCE WITH THE CORPORATION'S CONFLICT OF INTEREST POLICY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | APPPLIED EDUCATIONAL CONCEPTS, INC. COMPENSATION POLICY ENSURES AGAINST PAYMENTS IN EXCESS OF REASONABLE COMPENSATION TO ITS OFFICERS, DIRECTORS, AND KEY EMPLOYEES - THAT IS, AGAINST PAYMENTS IN EXCESS OF COMPENSATION AMOUNTS THAT WOULD ORDINARILY BE PAID FOR LIKE SERVICES BY A LIKE ORGANIZATION UNDER LIKE CIRCUMSTANCES. IN ADDITION, THE CORPORATION'S CONFLICT-OF-INTEREST POLICY REQUIRES PERIODIC REVIEW BY THE BOARD OF DIRECTORS TO ENSURE THAT COMPENSATION ARRANGEMENTS AND BENEFITS FOR THE CORPORATION'S OFFICERS, DIRECTORS, AND KEY EMPLOYEES DO NOT EXCEED LEVELS THAT ARE REASONABLE BASED ON INDEPENDENT SCHOOLS SALARY INFORMATION PROVIDED BY THE NATIONAL ASSOCIATION ON INDEPENDENT SCHOOLS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | APPPLIED EDUCATIONAL CONCEPTS, INC. COMPENSATION POLICY ENSURES AGAINST PAYMENTS IN EXCESS OF REASONABLE COMPENSATION TO ITS OFFICERS, DIRECTORS, AND KEY EMPLOYEES - THAT IS, AGAINST PAYMENTS IN EXCESS OF COMPENSATION AMOUNTS THAT WOULD ORDINARILY BE PAID FOR LIKE SERVICES BY A LIKE ORGANIZATIOJ UNDER LIKE CIRCUMSTANCES. IN ADDITION, THE CORPORATION'S CONFLICT-OF-INTEREST POLICY REQUIRES PERIODIC REVIEW BY THE BOARD OF DIRECTORS TO ENSURE THAT COMPENSATION ARRANGEMENTS AND BENEFITS FOR THE CORPORATION'S OFFICERS, DIRECTORS, AND KEY EMPLOYEES DO NOT EXCEED LEVELS THAT ARE REASONABLE BASED ON INDEPENDENT SCHOOLS SALARY INFORMATION PROVIDED BY THE NATIONAL ASSOCIATION ON INDEPENDENT SCHOOLS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | APPLIED EDUCATIONAL CONCEPTS, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT-OF-INTEREST POLICY, AND/OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ONLY AS REQUIRED BY FEDERAL AND STATE LAW. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Line 11b: Form 990 Review Process |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Line 19: Other Organization Documents Publicly Available |
| IRS990/SchoolOperatingInd | 0 | true |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | CA |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 511010 |
| IRS990/TotalAssetsEOYAmt | 0 | 849988 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 511010 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 849988 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $849,988
- Liabilities
- $642,822
- Net assets
- $207,166
- Revenue
- $3,335,925
- Expenses
- $3,304,192
- Net income
- $31,733