Civic Intelligence

Inspire Charter School - North

990 • Fiscal year 2021 • EIN 82-1791738

Jul 01, 2020 to Jun 30, 2021 • Filed on May 13, 2022

4305 S Meridian RdMeridian, CA 95957

(916) 957-5781

Siviq Scores

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

Liabilities / Assets

98th percentile

1.59x

Higher debt load relative to assets than 98% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

68th percentile

0.48x

Higher debt load relative to revenue than 68% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

7th percentile

-26%

Higher net margin than 7% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

55th percentile

$184,731

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

1st percentile

-51%

Faster asset growth than 1% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2021

Revenue Growth

7th percentile

-33%

Faster revenue growth than 7% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2021

Assets

Down

$3,573,356

Down $11,175,264 (-76%) from 2019

Net Assets

Down

-$2,123,101

Down $2,255,254 (-1707%) from 2019

Liabilities

Down

$5,696,457

Down $8,920,010 (-61%) from 2019

Revenue

Down

$11,926,959

Down $14,788,315 (-55%) from 2019

Expenses

Down

$15,065,622

Down $9,777,668 (-39%) from 2019

Net Income

Down

-$3,138,663

Down $5,010,647 (-268%) from 2019

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

2021

Assets$3,573,356
Liabilities$5,696,457
Net Assets-$2,123,101

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

2021

Revenue$11,926,959
Expenses$15,065,622
Net Income-$3,138,663
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 13, 2022
Return Version
2020v4.0
Gross Receipts
$11,926,959
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$7,129,293$2,934,226▼ $4,195,067
Cash and Non-Interest-Bearing Accounts$437,300$413,723▼ $23,577
Prepaid Expenses and Deferred Charges$48,143$210,331▲ $162,188
Land, Buildings, and Equipment, Net$5,350$15,076▲ $9,726
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$7,620,086$3,573,356▼ $4,046,730
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$1,266,702$4,460,206▲ $3,193,504
Accounts Payable and Accrued Expenses$5,337,822$1,236,251▼ $4,101,571
Total Liabilities$6,604,524$5,696,457▼ $908,067
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$398,445-
Net Assets Without Donor Restrictions$1,015,562$-2,521,546▼ $3,537,108
Total Net Assets Fund Balance$1,015,562$-2,123,101▼ $3,138,663
Total Liabilities and Net Assets / Fund Balance$7,620,086$3,573,356▼ $4,046,730

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,076$47,613-
Compensation and Service Providers

Employees

NameTitleOtherTotal
Julie HaycockDirector$28,900$28,900

Board Members and Trustees

NameTitle
David BrockmyerPresident
Jenell ShermanExecutive Director
Nick WavrinTrustee
Juina CarterSecretary
Jevon WebsterTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Global Teletherapy-1777 REISTERSTOWN RD SUIT 165R, Baltimore, MD 21208$239,887
Revenue and Support

Revenue Composition

Contributions and Grants
$11,926,824
Program Service Revenue
$0
Investment Income
$135
Other Revenue
$0
All Other Contributions
$13,693
Change in Net Assets
$-3,138,663

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,926,959
Total Revenue per Audited Statements
$11,926,959
Total Revenue per Form 990
$11,926,959
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,114,404
Salaries, Compensation, and Employee Benefits$4,951,218
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,511,714$123,206-$3,634,920
Fees for Services Other$1,753,609$264,760-$2,018,369
Fees for Services Management-$817,511-$817,511
Pension Plan Contributions$512,494$49,158-$561,652
Other Employee Benefits$430,908$41,332-$472,240
Current Officers, Directors, Trustees, and Key Employees-$213,631-$213,631
Fees for Services Legal-$145,134-$145,134
Insurance-$98,182-$98,182
Other Expenses$87,781$4,015,127-$87,781
Interest-$83,691-$83,691
Payroll Taxes$62,756$6,019-$68,775
Conferences and Meetings$40,612--$40,612
Information Technology$28,950--$28,950
Advertising-$8,803-$8,803
Fees for Services Accounting-$8,400-$8,400
All Other Expenses-$5,932-$5,932
Office Expenses$2,463--$2,463
Depreciation Depletion$774--$774
Travel$485--$485
Total Functional Expenses$9,184,736$5,880,886$0$15,065,622

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$15,065,622
Total Expenses per Audited Statements$15,065,622
Total Expenses per Form 990$15,065,622
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 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

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
Feather River Charter School
EIN
82-1791738
Phone
9169575781
Address
4305 S MERIDIAN RD, MERIDIAN, CA 95957

Signing Officer

Name
Jenell Sherman
Title
Executive Director
Signed
2022-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jenell Sherman
Formed
2016
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
86

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/PrepaidExpensesDefrdChargesGrp/EOYAmt0210331
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt011373333
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IRS990/PYOtherExpensesAmt04475992
IRS990/PYRevenuesLessExpensesAmt0883409
IRS990/PYSalariesCompEmpBnftPaidAmt06013932
IRS990/PYTotalExpensesAmt010489924
IRS990/PYTotalRevenueAmt011373333
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportProgramRelatedInvstInd0false
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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt015076
IRS990ScheduleD/EquipmentGrp/DepreciationAmt047613
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt062689
IRS990ScheduleD/ExpensesSubtotalAmt015065622
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt011926959
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
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IRS990ScheduleD/TotalExpensesPerForm990Amt015065622
IRS990ScheduleD/TotalRevenuePerForm990Amt011926959
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011926959
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt015065622
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
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0184731
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JENELL SHERMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Dir.
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0184731
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
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd4N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd5N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd6N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0YOSEMITE VALLEY CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1CLARKSVILLE CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2THE COTTONWOOD SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3LAKE VIEW CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4WINSHIP COMMUNITY SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5MONARCH RIVER ACADEMY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6GRANITE MOUNTAIN CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0842358972
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1821736597
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2833542401
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt4EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt5EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt6EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01740 HUNTINGTON DR STE 205
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt15049 ROBERT J MATTHEWS PARKWAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt21740 HUNTINGTON DR STE 205
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt31740 HUNTINGTON DR STE 205
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt41740 HUNTINGTON DR STE 205
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt51740 HUNTINGTON DR STE 205

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