Civic Intelligence

Inspire Charter School - North

990 • Fiscal year 2022 • EIN 82-1791738

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

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

97th percentile

1.26x

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

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

54th percentile

0.26x

Higher debt load relative to revenue than 54% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

47th percentile

5.2%

Higher net margin than 47% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

61st percentile

$210,056

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

76th percentile

14%

Faster asset growth than 76% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

89th percentile

68%

Faster revenue growth than 89% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$4,085,874

Up $512,518 (+14%) from 2021

Net Assets

Up

-$1,073,383

Up $1,049,718 (+49%) from 2021

Liabilities

Down

$5,159,257

Down $537,200 (-9.4%) from 2021

Revenue

Up

$20,093,842

Up $8,166,883 (+68%) from 2021

Expenses

Up

$19,044,124

Up $3,978,502 (+26%) from 2021

Net Income

Up

$1,049,718

Up $4,188,381 (+133%) from 2021

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

2022

Assets$4,085,874
Liabilities$5,159,257
Net Assets-$1,073,383

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

2022

Revenue$20,093,842
Expenses$19,044,124
Net Income$1,049,718
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Sep 1, 2023
Return Version
2021v4.1
Gross Receipts
$20,093,842
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$2,934,226$3,212,443▲ $278,217
Cash and Non-Interest-Bearing Accounts$413,723$642,888▲ $229,165
Prepaid Expenses and Deferred Charges$210,331$218,340▲ $8,009
Land, Buildings, and Equipment, Net$15,076$12,203▼ $2,873
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$3,573,356$4,085,874▲ $512,518
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$4,460,206$3,515,459▼ $944,747
Accounts Payable and Accrued Expenses$1,236,251$1,239,563▲ $3,312
Deferred Revenue-$404,235-
Total Liabilities$5,696,457$5,159,257▼ $537,200
Net Assets / Fund Balance
Net Assets With Donor Restrictions$398,445--
Net Assets Without Donor Restrictions$-2,521,546$-1,073,383▲ $1,448,163
Total Net Assets Fund Balance$-2,123,101$-1,073,383▲ $1,049,718
Total Liabilities and Net Assets / Fund Balance$3,573,356$4,085,874▲ $512,518

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,203$50,486-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Allison SuydamPresidentFT$129,158$15,423$144,581
Megan NasonSecretaryFT$115,000$11,892$126,892
Camille VockerTrusteeFT$103,139$10,797$113,936

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Global Teletherapy-1777 REISTERSTOWN RD SUIT 165R, Baltimore, MD 21208$268,124
Revenue and Support

Revenue Composition

Contributions and Grants
$20,092,950
Program Service Revenue
$0
Investment Income
$892
Other Revenue
$0
Change in Net Assets
$1,049,718

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,093,842
Total Revenue per Audited Statements
$20,093,842
Total Revenue per Form 990
$20,093,842
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,801,690
Other Expenses$9,242,434
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,514,603$737,485-$7,252,088
Fees for Services Other$3,036,223$551,248-$3,587,471
Pension Plan Contributions$1,434,079$162,345-$1,596,424
Fees for Services Management-$769,310-$769,310
Payroll Taxes$677,848$76,736-$754,584
Interest-$230,777-$230,777
Other Employee Benefits$178,398$20,196-$198,594
Other Expenses$161,692--$161,692
Insurance-$117,239-$117,239
Fees for Services Legal-$110,508-$110,508
Office Expenses$76,593--$76,593
All Other Expenses$1,584$33,059-$34,643
Fees for Services Accounting-$9,450-$9,450
Depreciation Depletion$2,873--$2,873
Travel$1,829--$1,829
Total Functional Expenses$16,225,771$2,818,353$0$19,044,124

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$19,044,124
Total Expenses per Audited Statements$19,044,124
Total Expenses per Form 990$19,044,124
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
2023-09-01
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
123

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/OtherEmployeeBenefitsGrp/TotalAmt0198594
IRS990/OtherExpensesGrp/Desc0BOOKS & SUPPLIES
IRS990/OtherExpensesGrp/Desc1SPECIAL EDUCATION
IRS990/OtherExpensesGrp/Desc2NONCAPITALIZED EQUIPMENT
IRS990/OtherExpensesGrp/Desc3STUDENT EVENTS
IRS990/OtherExpensesGrp/ProgramServicesAmt02230140
IRS990/OtherExpensesGrp/ProgramServicesAmt11064323
IRS990/OtherExpensesGrp/ProgramServicesAmt2845586
IRS990/OtherExpensesGrp/ProgramServicesAmt3161692
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IRS990/OtherExpensesGrp/TotalAmt11064323
IRS990/OtherExpensesGrp/TotalAmt2845586
IRS990/OtherExpensesGrp/TotalAmt3161692
IRS990/OtherRevenueTotalAmt00
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06514603
IRS990/OtherSalariesAndWagesGrp/TotalAmt07252088
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt076736
IRS990/PayrollTaxesGrp/ProgramServicesAmt0677848
IRS990/PayrollTaxesGrp/TotalAmt0754584
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0162345
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01434079
IRS990/PensionPlanContributionsGrp/TotalAmt01596424
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0210331
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0218340
IRS990/PrincipalOfficerNm0JENELL SHERMAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt011926824
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0135
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IRS990/PYSalariesCompEmpBnftPaidAmt04951218
IRS990/PYTotalExpensesAmt015065622
IRS990/PYTotalRevenueAmt011926959
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IRS990/ReconcilationRevenueExpnssAmt01049718
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
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
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IRS990ScheduleD/EquipmentGrp/BookValueAmt012203
IRS990ScheduleD/EquipmentGrp/DepreciationAmt050486
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt062689
IRS990ScheduleD/ExpensesSubtotalAmt019044124
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt020093842
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/TotalBookValueLandBuildingsAmt012203
IRS990ScheduleD/TotalExpensesPerForm990Amt019044124
IRS990ScheduleD/TotalRevenuePerForm990Amt020093842
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt020093842
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt019044124
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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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/CompensationBasedOnRltdOrgsAmt0190230
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt019826
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JENELL SHERMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Dir.
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0210056
IRS990ScheduleJ/SeverancePaymentInd0false
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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/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CLARKSVILLE CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1LAKE VIEW CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2WINSHIP COMMUNITY SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0821736597
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1842514034
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2821757300
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt05049 ROBERT J MATTHEWS PARKWAY

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