Civic Intelligence

Future Public School Inc.

990 • Fiscal year 2022 • EIN 82-2354868

Jul 01, 2021 to Jun 30, 2022 • Filed on Oct 07, 2022

511 E 43rd StGarden City, ID 83714

(208) 854-3923

Siviq Scores

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

Liabilities / Assets

94th percentile

1.02x

Higher debt load relative to assets than 94% of similar nonprofits.

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

Liabilities / Revenue

90th percentile

2.48x

Higher debt load relative to revenue than 90% of similar nonprofits.

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

Net Margin

17th percentile

-10.0%

Higher net margin than 17% of similar nonprofits.

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

Top Officer Pay

18th percentile

$78,424

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

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

Asset Growth

99th percentile

618%

Faster asset growth than 99% of similar nonprofits.

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

Revenue Growth

79th percentile

31%

Faster revenue growth than 79% of similar nonprofits.

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

Assets

Up

$11,599,649

Up $9,983,387 (+618%) from 2021

Net Assets

Down

-$277,929

Down $476,930 (-240%) from 2021

Liabilities

Up

$11,877,578

Up $10,460,317 (+738%) from 2021

Revenue

Up

$4,790,234

Up $1,145,772 (+31%) from 2021

Expenses

Up

$5,267,164

Up $1,412,864 (+37%) from 2021

Net Income

Down

-$476,930

Down $267,092 (-127%) from 2021

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2019: $407,171Liabilities 2019: $81,414Net Assets 2019: $325,7572019Assets 2020: $1,078,512Liabilities 2020: $669,673Net Assets 2020: $408,8392020Assets 2021: $1,616,262Liabilities 2021: $1,417,261Net Assets 2021: $199,0012021Assets 2022: $11,599,649Liabilities 2022: $11,877,578Net Assets 2022: -$277,9292022Assets 2023: $11,346,290Liabilities 2023: $11,960,995Net Assets 2023: -$614,7052023Assets 2024: $11,496,578Liabilities 2024: $12,358,455Net Assets 2024: -$861,8772024Assets 2025: $10,931,698Liabilities 2025: $11,556,212Net Assets 2025: -$624,5142025

Highlighted filing

2022

Assets$11,599,649
Liabilities$11,877,578
Net Assets-$277,929

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2019: $2,543,290Expenses 2019: $2,217,533Net Income 2019: $325,7572019Revenue 2020: $3,577,208Expenses 2020: $3,494,126Net Income 2020: $83,0822020Revenue 2021: $3,644,462Expenses 2021: $3,854,300Net Income 2021: -$209,8382021Revenue 2022: $4,790,234Expenses 2022: $5,267,164Net Income 2022: -$476,9302022Revenue 2023: $4,850,167Expenses 2023: $5,186,943Net Income 2023: -$336,7762023Revenue 2024: $4,592,138Expenses 2024: $4,839,310Net Income 2024: -$247,1722024Revenue 2025: $4,333,704Expenses 2025: $4,096,341Net Income 2025: $237,3632025

Highlighted filing

2022

Revenue$4,790,234
Expenses$5,267,164
Net Income-$476,930
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Oct 7, 2022
Return Version
2021v4.0
Gross Receipts
$4,790,234
Mission and Program Overview

Mission

Public Education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$8,208,057-
Pledges and Grants Receivable$655,350$1,125,967▲ $470,617
Cash and Non-Interest-Bearing Accounts$595,840$973,853▲ $378,013
Savings and Temporary Cash Investments-$592,844-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,616,262$11,599,649▲ $9,983,387
Other Assets Total$365,072$698,928▲ $333,856
Liabilities
Mortgage Notes Payable Secured by Investment Property-$9,395,000-
Deferred Revenue$379,590$1,218,108▲ $838,518
Other Liabilities$887,831$1,047,662▲ $159,831
Accounts Payable and Accrued Expenses$149,840$216,808▲ $66,968
Total Liabilities$1,417,261$11,877,578▲ $10,460,317
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$199,001$-277,929▼ $476,930
Total Net Assets Fund Balance$199,001$-277,929▼ $476,930
Total Liabilities and Net Assets / Fund Balance$1,616,262$11,599,649▲ $9,983,387

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,208,057$167,511$8,375,568
Other Assets Org$32,749--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Heather EfawAdministratorFT$70,059$8,365$78,424
Amanda CoxAdministratorFT$49,208$5,875$55,083

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$4,787,770
Program Service Revenue
$0
Investment Income
$2,464
Other Revenue
$0
All Other Contributions
$567,829
Change in Net Assets
$-476,930

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,790,234
Total Revenue per Audited Statements
$4,790,234
Total Revenue per Form 990
$4,790,234
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,806,978
Other Expenses$2,460,186
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,988,196--$1,988,196
Occupancy$654,739$72,748-$727,487
Interest$535,807--$535,807
Pension Plan Contributions$220,518$21,492-$242,010
Other Employee Benefits$211,740$19,165-$230,905
Current Officers, Directors, Trustees, and Key Employees-$180,000-$180,000
Depreciation Depletion$167,511--$167,511
Payroll Taxes$152,097$13,770-$165,867
Other Expenses$107,519$66,833-$107,519
Insurance$45,630$5,069-$50,699
Fees for Services Accounting-$8,400-$8,400
Fees for Services Legal-$582-$582
Total Functional Expenses$4,879,105$388,059$0$5,267,164

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,267,164
Total Expenses per Audited Statements$5,267,164
Total Expenses per Form 990$5,267,164
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Inflows - Pension Sources$1,047,662

Bond Issues

BondIssuerIssuedIssue PricePurpose
AFuture Public School2022-02-24$9,165,000Facilities Acquisition

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$8,966,713--$65,985

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
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 is reviewed by designated finance personnel and the governing board prior to filing.

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

Monitoring and enforcing of potential conflicts of interest is performed by employees and board members disclosing annually whether any potential conflicts of interest exist.

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

All salaries, including those for management and key personnel, are integrated with the state salary funding formula and are independently reviewed, approved, and documented.

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

Public information documents are made available either on the website or upon request.

Filing and Contact Details

Filer

Filer Name
Future Public School Inc
EIN
82-2354868
Phone
2088543923
Address
511 E 43rd St, Garden City, ID 83714

Signing Officer

Name
Basile Beaty
Title
Treasurer
Signed
2022-10-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Basile Beaty
Formed
2017
Legal Domicile
Id
Voting Board Members
9
Independent Board Members
9
Employees
89
Volunteers
9

Preparer

Firm
Quest Cpas Pllc
Address
11501 HIGHWAY 95, PAYETTE, ID 83661
Preparer
Timothy M Hoyt
Phone
2086421417
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt019165
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0211740
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0230905
IRS990/OtherExpensesGrp/Desc0Curriculum & Supplies
IRS990/OtherExpensesGrp/Desc1Student Meals
IRS990/OtherExpensesGrp/Desc2Student Transportation
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt066833
IRS990/OtherExpensesGrp/ProgramServicesAmt0601506
IRS990/OtherExpensesGrp/ProgramServicesAmt1193842
IRS990/OtherExpensesGrp/ProgramServicesAmt2107519
IRS990/OtherExpensesGrp/TotalAmt0668339
IRS990/OtherExpensesGrp/TotalAmt1193842
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IRS990/OtherRevenueTotalAmt00
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IRS990/OtherSalariesAndWagesGrp/TotalAmt01988196
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt013770
IRS990/PayrollTaxesGrp/ProgramServicesAmt0152097
IRS990/PayrollTaxesGrp/TotalAmt0165867
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt021492
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0220518
IRS990/PensionPlanContributionsGrp/TotalAmt0242010
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0655350
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01125967
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Basile Beaty
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03643603
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0859
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IRS990/PYOtherExpensesAmt01816571
IRS990/PYRevenuesLessExpensesAmt0-209838
IRS990/PYSalariesCompEmpBnftPaidAmt02037729
IRS990/PYTotalExpensesAmt03854300
IRS990/PYTotalRevenueAmt03644462
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-476930
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0592844
IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt132749
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows - Pension Sources
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Net Pension Asset
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01047662
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Deferred Inflows - Pension Sources
IRS990ScheduleD/RevenueSubtotalAmt04790234
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08208057
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0698928
IRS990ScheduleD/TotalExpensesPerForm990Amt05267164
IRS990ScheduleD/TotalLiabilityAmt01047662
IRS990ScheduleD/TotalRevenuePerForm990Amt04790234
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04790234
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05267164
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0As a state chartered public school policy communications are the same as required for traditional public school districts and are accomplished during admissions and through ongoing publications.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The school is a state chartered public school and receives substantially all of its support from the Idaho State Department of Education.
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
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt02/24/22 bond proceeds were $198,287 less than the issue price due to a bond discount.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02022-02-24
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0822354868
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum045129GHY4
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt09165000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0Future Public School
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0Facilities Acquisition
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false

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