Civic Intelligence

Inspire Charter School - North

990 • Fiscal year 2018 • EIN 82-1791738

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

1740 Huntington Dr Ste 205Duarte, CA 91010

(626) 932-1802

Siviq Scores

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

Liabilities / Assets

97th percentile

1.33x

Higher debt load relative to assets than 97% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

66th percentile

0.46x

Higher debt load relative to revenue than 66% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

68th percentile

10%

Higher net margin than 68% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

62nd percentile

$214,827

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Assets

$5,310,234

No earlier filing loaded for comparison.

Net Assets

-$1,739,831

No earlier filing loaded for comparison.

Liabilities

$7,050,065

No earlier filing loaded for comparison.

Revenue

$15,415,151

No earlier filing loaded for comparison.

Expenses

$13,864,684

No earlier filing loaded for comparison.

Net Income

$1,550,467

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2018: $5,310,234Liabilities 2018: $7,050,065Net Assets 2018: -$1,739,8312018Assets 2019: $14,748,620Liabilities 2019: $14,616,467Net Assets 2019: $132,1532019Assets 2021: $3,573,356Liabilities 2021: $5,696,457Net Assets 2021: -$2,123,1012021Assets 2022: $4,085,874Liabilities 2022: $5,159,257Net Assets 2022: -$1,073,3832022Assets 2023: $9,355,556Liabilities 2023: $4,803,473Net Assets 2023: $4,552,0832023Assets 2024: $15,499,822Liabilities 2024: $5,221,461Net Assets 2024: $10,278,3612024

Highlighted filing

2018

Assets$5,310,234
Liabilities$7,050,065
Net Assets-$1,739,831

Operations Trend

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

$40M$20M$0-$20MRevenue 2018: $15,415,151Expenses 2018: $13,864,684Net Income 2018: $1,550,4672018Revenue 2019: $26,715,274Expenses 2019: $24,843,290Net Income 2019: $1,871,9842019Revenue 2021: $11,926,959Expenses 2021: $15,065,622Net Income 2021: -$3,138,6632021Revenue 2022: $20,093,842Expenses 2022: $19,044,124Net Income 2022: $1,049,7182022Revenue 2023: $35,319,443Expenses 2023: $29,693,977Net Income 2023: $5,625,4662023Revenue 2024: $39,238,239Expenses 2024: $33,511,961Net Income 2024: $5,726,2782024

Highlighted filing

2018

Revenue$15,415,151
Expenses$13,864,684
Net Income$1,550,467
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.2
Gross Receipts
$15,415,151
Mission and Program Overview

Mission

Provide a high standard of education to students through comprehensive curriculum supported by energetic, dynamic, and caring teachers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$-517,298$4,808,668▲ $5,325,966
Cash and Non-Interest-Bearing Accounts$11,323$289,316▲ $277,993
Prepaid Expenses and Deferred Charges$31,259$126,678▲ $95,419
Land, Buildings, and Equipment, Net$39,344$23,752▼ $15,592
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-
Inventories for Sale or Use-$0-
Total Assets$-423,962$5,310,234▲ $5,734,196
Other Assets Total$11,410$61,820▲ $50,410
Liabilities
Accounts Payable and Accrued Expenses$442,636$3,535,873▲ $3,093,237
Unsecured Notes Loans Payable$2,423,700$3,514,192▲ $1,090,492
Total Liabilities$2,866,336$7,050,065▲ $4,183,729
Net Assets / Fund Balance
Unrestricted Net Assets$-3,290,298$-1,739,831▲ $1,550,467
Total Net Assets Fund Balance$-3,290,298$-1,739,831▲ $1,550,467
Total Liabilities and Net Assets / Fund Balance$-423,962$5,310,234▲ $5,734,196

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$7,735--
Equipment$16,017$28,437-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julie HaycockDirectorFT$139,863$32,410$172,273
Cindy a GarciaTeacherFT$113,007$16,083$129,090
Carrie CarlsonTeacherFT$109,698$14,381$124,079
Shannon CarpenterDirectorFT$41,184$173,643$41,184

Board Members and Trustees

NameTitle
Faith FordChairman
Suzanne NunnickPresident
Elizabeth PrattTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Thrive Homeschool Program-746 MOSS AVE, Chico, CA 95926$104,965
Revenue and Support

Revenue Composition

Contributions and Grants
$15,415,151
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$4,468
Change in Net Assets
$1,550,467

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,415,151
Total Revenue per Audited Statements
$15,415,151
Total Revenue per Form 990
$15,415,151
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,068,652
Salaries, Compensation, and Employee Benefits$5,796,032
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,079,755$347,105-$4,426,860
Fees for Services Other$2,557,200$495,240-$3,052,440
Interest-$935,911-$935,911
Pension Plan Contributions$523,971$67,832-$591,803
Other Employee Benefits$454,517$58,840-$513,357
Occupancy$359,309--$359,309
Other Expenses$270,422--$270,422
Fees for Services Management-$270,405-$270,405
Current Officers, Directors, Trustees, and Key Employees-$181,047-$181,047
All Other Expenses$106,920$42,847-$149,767
Office Expenses$132,995--$132,995
Travel$102,464--$102,464
Payroll Taxes$73,456$9,509-$82,965
Insurance-$33,932-$33,932
Information Technology$32,068--$32,068
Conferences and Meetings$18,956--$18,956
Depreciation Depletion$15,592--$15,592
Fees for Services Legal-$7,077-$7,077
Fees for Services Accounting-$4,042-$4,042
Total Functional Expenses$11,410,897$2,453,787$0$13,864,684

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$13,864,684
Total Expenses per Audited Statements$13,864,684
Total Expenses per Form 990$13,864,684
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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, Line 11B: Form 990 Review Process

Form 990 reviewed by management and then the board before approval.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board reviews conflict of interest statements annually during a board meeting.interest statements annually during a board meeting.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Salary ranges for other charter schools were presented to the board for approval.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Salary ranges for other charter schools were presented to the board for approval.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Documents available upon request from the school.

Filing and Contact Details

Filer

Filer Name
Inspire Charter School - North
EIN
82-1791738
Phone
6269321802
Address
1740 HUNTINGTON DR STE 205, DUARTE, CA 91010

Signing Officer

Name
Suzanne Nunnick
Title
President
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
2017
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
3
Employees
183

Preparer

Firm
Wilkinson Hadley King Co LLP
Address
218 W Douglas Ave, El Cajon, CA 92020
Preparer
Kevin Sproul
Phone
6194476700
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The school follows provisions of uncertain tax positions as addressed in asc 958. The school recognizes accrued interest and penalties associated with uncertain tax positions as part of the income tax provision, when applicable.

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IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09509
IRS990/PayrollTaxesGrp/ProgramServicesAmt073456
IRS990/PayrollTaxesGrp/TotalAmt082965
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt067832
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0523971
IRS990/PensionPlanContributionsGrp/TotalAmt0591803
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt031259
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0126678
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt07249341
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt04541039
IRS990/PYOtherRevenueAmt030933
IRS990/PYRevenuesLessExpensesAmt0-2825782
IRS990/PYSalariesCompEmpBnftPaidAmt05565017
IRS990/PYTotalExpensesAmt010106056
IRS990/PYTotalRevenueAmt07280274
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01550467
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt016017
IRS990ScheduleD/EquipmentGrp/DepreciationAmt028437
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt044454
IRS990ScheduleD/ExpensesSubtotalAmt013864684
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt07735
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt07735
IRS990ScheduleD/RevenueSubtotalAmt015415151
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL FOLLOWS PROVISIONS OF UNCERTAIN TAX POSITIONS AS ADDRESSED IN ASC 958. THE SCHOOL RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS AS PART OF THE INCOME TAX PROVISION, WHEN APPLICABLE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt023752
IRS990ScheduleD/TotalExpensesPerForm990Amt013864684
IRS990ScheduleD/TotalRevenuePerForm990Amt015415151
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt015415151
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt013864684
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0RACIALLY NONDISCRIMINATORY POLICY IS CLEARLY STATED ON ALL ENROLLMENT FORMS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0139863
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt141184
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0147475
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt019377
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt025928
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt013033
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt0240
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JULIE HAYCOCK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1SHANNON CARPENTER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0172273
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt141184
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0173643
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 REVIEWED BY MANAGEMENT AND THEN THE BOARD BEFORE APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD REVIEWS CONFLICT OF INTEREST STATEMENTS ANNUALLY DURING A BOARD MEETING.INTEREST STATEMENTS ANNUALLY DURING A BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SALARY RANGES FOR OTHER CHARTER SCHOOLS WERE PRESENTED TO THE BOARD FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SALARY RANGES FOR OTHER CHARTER SCHOOLS WERE PRESENTED TO THE BOARD FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS AVAILABLE UPON REQUEST FROM THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0-423962
IRS990/TotalAssetsEOYAmt05310234
IRS990/TotalAssetsGrp/BOYAmt0-423962
IRS990/TotalAssetsGrp/EOYAmt05310234
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt015415151
IRS990/TotalEmployeeCnt0183
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02453787
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt011410897
IRS990/TotalFunctionalExpensesGrp/TotalAmt013864684
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02866336
IRS990/TotalLiabilitiesEOYAmt07050065
IRS990/TotalLiabilitiesGrp/BOYAmt02866336
IRS990/TotalLiabilitiesGrp/EOYAmt07050065
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-3290298
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1739831

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