Civic Intelligence

Future Public School Inc.

990 • Fiscal year 2023 • EIN 82-2354868

Jul 01, 2022 to Jun 30, 2023 • Filed on Aug 19, 2023

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

95th percentile

1.05x

Higher debt load relative to assets than 95% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

90th percentile

2.47x

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

23rd percentile

-6.9%

Higher net margin than 23% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

27th percentile

$119,157

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

22nd percentile

-2.2%

Faster asset growth than 22% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

41st percentile

1.3%

Faster revenue growth than 41% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Down

$11,346,290

Down $253,359 (-2.2%) from 2022

Net Assets

Down

-$614,705

Down $336,776 (-121%) from 2022

Liabilities

Up

$11,960,995

Up $83,417 (+0.7%) from 2022

Revenue

Up

$4,850,167

Up $59,933 (+1.3%) from 2022

Expenses

Down

$5,186,943

Down $80,221 (-1.5%) from 2022

Net Income

Up

-$336,776

Up $140,154 (+29%) from 2022

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

2023

Assets$11,346,290
Liabilities$11,960,995
Net Assets-$614,705

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

2023

Revenue$4,850,167
Expenses$5,186,943
Net Income-$336,776
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Aug 19, 2023
Return Version
2022v5.0
Gross Receipts
$4,850,167
Mission and Program Overview

Mission

Public Education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,208,057$8,040,546▼ $167,511
Cash and Non-Interest-Bearing Accounts$973,853$808,657▼ $165,196
Pledges and Grants Receivable$1,125,967$644,786▼ $481,181
Savings and Temporary Cash Investments$592,844$539,080▼ $53,764
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$11,599,649$11,346,290▼ $253,359
Other Assets Total$698,928$1,313,221▲ $614,293
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,395,000$9,395,000→ $0
Other Liabilities$1,047,662$2,033,512▲ $985,850
Deferred Revenue$1,218,108$319,961▼ $898,147
Accounts Payable and Accrued Expenses$216,808$212,522▼ $4,286
Total Liabilities$11,877,578$11,960,995▲ $83,417
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-277,929$-614,705▼ $336,776
Total Net Assets Fund Balance$-277,929$-614,705▼ $336,776
Total Liabilities and Net Assets / Fund Balance$11,599,649$11,346,290▼ $253,359

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,040,546$335,022$8,375,568
Other Assets Org$1,313,221--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amanda CoxAdministratorFT$106,447$12,710$119,157
Heather EfawAdministratorFT$80,288$9,586$89,874

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$4,822,621
Program Service Revenue
$0
Investment Income
$27,546
Other Revenue
$0
All Other Contributions
$599,389
Change in Net Assets
$-336,776

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,850,167
Total Revenue per Audited Statements
$4,850,167
Total Revenue per Form 990
$4,850,167
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,229,694
Other Expenses$1,957,249
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,321,377--$2,321,377
Interest$449,903--$449,903
Pension Plan Contributions$272,608$22,137-$294,745
Other Employee Benefits$218,920$17,484-$236,404
Payroll Taxes$177,585$14,183-$191,768
Current Officers, Directors, Trustees, and Key Employees-$185,400-$185,400
Depreciation Depletion$167,511--$167,511
Other Expenses$98,333$88,060-$98,333
Occupancy$62,364$6,929-$69,293
Insurance$29,523$3,280-$32,803
Fees for Services Accounting-$9,687-$9,687
Fees for Services Legal-$1,502-$1,502
Total Functional Expenses$4,838,281$348,662$0$5,186,943

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,186,943
Total Expenses per Audited Statements$5,186,943
Total Expenses per Form 990$5,186,943
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
Net Pension Liability$2,024,476
Deferred Inflows - Pension Sources$9,036

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, Section B, Line 11B

Form 990 is reviewed by designated finance personnel and the governing board prior to filing.

Form 990, Part VI, Section B, Line 12C

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, Section B, Line 15B

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, Section C, Line 19

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
2023-08-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Basile Beaty
Formed
2017
Legal Domicile
Id
Voting Board Members
8
Independent Board Members
8
Employees
101
Volunteers
18

Preparer

Firm
Quest Cpas Pllc
Address
11501 HIGHWAY 95, PAYETTE, ID 83661
Preparer
Timothy M Hoyt
Phone
2086421417
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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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
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IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt02/24/22 bond proceeds were $198,287 less than the issue price due to a bond discount.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02022-02-24
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0Future Public School
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