Civic Intelligence

Future Public School Inc.

990 • Fiscal year 2024 • EIN 82-2354868

Jul 01, 2023 to Jun 30, 2024 • Filed on Oct 19, 2024

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

96th percentile

1.07x

Higher debt load relative to assets than 96% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

2.69x

Higher debt load relative to revenue than 91% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

24th percentile

-5.4%

Higher net margin than 24% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

25th percentile

$112,814

Higher top officer pay than 25% of similar nonprofits.

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

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

37th percentile

1.3%

Faster asset growth than 37% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

24th percentile

-5.3%

Faster revenue growth than 24% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$11,496,578

Up $150,288 (+1.3%) from 2023

Net Assets

Down

-$861,877

Down $247,172 (-40%) from 2023

Liabilities

Up

$12,358,455

Up $397,460 (+3.3%) from 2023

Revenue

Down

$4,592,138

Down $258,029 (-5.3%) from 2023

Expenses

Down

$4,839,310

Down $347,633 (-6.7%) from 2023

Net Income

Up

-$247,172

Up $89,604 (+27%) from 2023

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

2024

Assets$11,496,578
Liabilities$12,358,455
Net Assets-$861,877

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

2024

Revenue$4,592,138
Expenses$4,839,310
Net Income-$247,172
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 19, 2024
Return Version
2023v5.1
Gross Receipts
$4,592,138
Mission and Program Overview

Mission

Public Education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,040,546$7,873,035▼ $167,511
Savings and Temporary Cash Investments$539,080$1,640,154▲ $1,101,074
Pledges and Grants Receivable$644,786$528,295▼ $116,491
Cash and Non-Interest-Bearing Accounts$808,657$356,944▼ $451,713
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$11,346,290$11,496,578▲ $150,288
Other Assets Total$1,313,221$1,098,150▼ $215,071
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,395,000$9,165,000▼ $230,000
Other Liabilities$2,033,512$2,302,008▲ $268,496
Deferred Revenue$319,961$558,790▲ $238,829
Accounts Payable and Accrued Expenses$212,522$232,657▲ $20,135
Tax Exempt Bond Liabilities-$100,000-
Total Liabilities$11,960,995$12,358,455▲ $397,460
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-614,705$-861,877▼ $247,172
Total Net Assets Fund Balance$-614,705$-861,877▼ $247,172
Total Liabilities and Net Assets / Fund Balance$11,346,290$11,496,578▲ $150,288

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,873,035$502,533$8,375,568
Other Assets Org$1,098,150--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amanda CoxAdministratorFT$100,384$12,430$112,814
Heather EfawAdministratorFT$83,703$10,879$94,582
Lauren TassosAdministratorFT$81,200$9,434$90,634
Kevin HausmannAdministratorFT$73,080$8,957$82,037

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$4,516,125
Program Service Revenue
$0
Investment Income
$76,013
Other Revenue
$0
All Other Contributions
$125,177
Change in Net Assets
$-247,172

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,592,138
Total Revenue per Audited Statements
$4,592,138
Total Revenue per Form 990
$4,592,138
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,783,421
Other Expenses$2,055,889
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,827,117--$1,827,117
Interest$387,311--$387,311
Current Officers, Directors, Trustees, and Key Employees-$349,556-$349,556
Pension Plan Contributions$215,185$44,359-$259,544
Other Employee Benefits$151,672$29,017-$180,689
Depreciation Depletion$167,511--$167,511
Payroll Taxes$139,774$26,741-$166,515
Other Expenses$130,343$104,883-$130,343
Occupancy$62,723$6,969-$69,692
Insurance$34,771$3,864-$38,635
Fees for Services Accounting-$13,713-$13,713
Fees for Services Legal-$588-$588
Total Functional Expenses$4,259,620$579,690$0$4,839,310

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,839,310
Total Expenses per Audited Statements$4,839,310
Total Expenses per Form 990$4,839,310
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$2,302,008

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
No
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
2024-10-19
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
83
Volunteers
21

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/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
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IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
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IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt02/24/22 bond proceeds were $198,287 less than the issue price due to a bond discount.The date the last arbitrage calculation was performed is February 23, 2024.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02022-02-24
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum045129GHY4
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