Civic Intelligence

Placer Academy Schools

990 • Fiscal year 2022 • EIN 82-3690364

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 28, 2023

Organization ProfilePLACERACADEMY.ORG
11231 Gold Express Drive 310 to 411Gold River, CA 95670

(925) 899-5798

Siviq Scores

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

Liabilities / Assets

96th percentile

1.34x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

88th percentile

1.01x

Higher debt load relative to revenue than 88% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

6th percentile

-56%

Higher net margin than 6% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

78th percentile

$126,605

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

3rd percentile

-38%

Faster asset growth than 3% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

10th percentile

-40%

Faster revenue growth than 10% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$1,632,499

Down $1,007,002 (-38%) from 2021

Net Assets

Down

-$558,227

Down $1,217,494 (-185%) from 2021

Liabilities

Up

$2,190,726

Up $210,492 (+11%) from 2021

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin6th percentile

Revenue

Down

$2,176,699

Down $1,425,039 (-40%) from 2021

Expenses

Up

$3,394,193

Up $152,683 (+4.7%) from 2021

Net Income

Down

-$1,217,494

Down $1,577,722 (-438%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2019: $1,092,208Liabilities 2019: $429,307Net Assets 2019: $662,9012019Assets 2020: $1,161,675Liabilities 2020: $862,636Net Assets 2020: $299,0392020Assets 2021: $2,639,501Liabilities 2021: $1,980,234Net Assets 2021: $659,2672021Assets 2022: $1,632,499Liabilities 2022: $2,190,726Net Assets 2022: -$558,2272022Assets 2024: $1,166,356Liabilities 2024: $1,457,952Net Assets 2024: -$291,5962024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2022

Assets$1,632,499
Liabilities$2,190,726
Net Assets-$558,227
Open 2022 Filing

Operations Trend

Revenue Growth10th percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2019: $3,462,935Expenses 2019: $3,180,697Net Income 2019: $282,2382019Revenue 2020: $3,326,121Expenses 2020: $3,689,983Net Income 2020: -$363,8622020Revenue 2021: $3,601,738Expenses 2021: $3,241,510Net Income 2021: $360,2282021Revenue 2022: $2,176,699Expenses 2022: $3,394,193Net Income 2022: -$1,217,4942022Revenue 2024: $0Expenses 2024: $157Net Income 2024: -$1572024Revenue 2025: $0Expenses 2025: $0Net Income 2025: $02025

Highlighted filing

2022

Revenue$2,176,699
Expenses$3,394,193
Net Income-$1,217,494
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 28, 2023
Return Version
2021v4.0
Gross Receipts
$2,176,699
Mission and Program Overview

Mission

Placer academy charter encourages students to meet academic challenges with openness, enthusiasm and a willingness to solve problems creatively. Our school uses the core knowledge curriculum. An integral part of our learning process will have our school community learning how to ask questions, solve problems and make thoughtful decisions. A climate of expectation and success is encouraged, and all pupils are helped to set realistic targets and then given every assistance in achieving them. Our goal is to facilitate the development of self-confidence and to provide our students with the academic foundation necessary for them to reach their true potential and enjoy a successful experience in higher education.

Placer academy is a charter school serving students in kindergarden through 8th grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,297,609$826,977▼ $470,632
Accounts Receivable$953,190$594,748▼ $358,442
Cash and Non-Interest-Bearing Accounts$336,905$183,889▼ $153,016
Prepaid Expenses and Deferred Charges$51,797$1,885▼ $49,912
Total Assets$2,639,501$1,632,499▼ $1,007,002
Other Assets Total$0$25,000▲ $25,000
Liabilities
Unsecured Notes Loans Payable$1,390,173$1,362,465▼ $27,708
Accounts Payable and Accrued Expenses$307,444$450,821▲ $143,377
Deferred Revenue$282,617$377,440▲ $94,823
Other Liabilities-$0-
Total Liabilities$1,980,234$2,190,726▲ $210,492
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$659,267$-558,227▼ $1,217,494
Total Net Assets Fund Balance$659,267$-558,227▼ $1,217,494
Total Liabilities and Net Assets / Fund Balance$2,639,501$1,632,499▼ $1,007,002

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$826,977$231,403$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jill GodtlandExecutive DirectorFT$101,134$25,471$126,605
Diana WilsonCFOFT$75,653$14,998$90,651
Tasha RaddiganSecretaryFT$30,339$2,400$32,739

Board Members and Trustees

NameTitle
Michael HilmenBoard Chairman
Tony DiprosperVice Chairman
Lori ProsioMember

Highest Paid Contractors

ContractorServicesLocationCompensation
Steve Brown JrGeneral Contractor222 8331 SIERRA COLLEGE BLVD, Roseville, CA 95661$939,816
Revenue and Support

Revenue Composition

Contributions and Grants
$2,097,651
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$79,048
All Other Contributions
$59,344
Change in Net Assets
$-1,217,494

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,176,699
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$2,176,699
Total Revenue per Form 990
$2,176,699
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,116,214
Other Expenses$1,277,979
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,416,000$26,030$0$1,442,030
Fees for Services Other$273,561$98,529-$372,090
Occupancy$193,564$117,662-$311,226
Pension Plan Contributions$233,733$4,862$0$238,595
Other Employee Benefits$223,899$4,564$0$228,463
Current Officers, Directors, Trustees, and Key Employees$202,983$4,143$0$207,126
Depreciation Depletion$68,901$22,968-$91,869
Other Expenses$86,036$0$0$86,036
Insurance$0$50,291-$50,291
Information Technology$34,078$0-$34,078
Advertising$24,886$0-$24,886
Fees for Services Legal$0$22,704-$22,704
Fees for Services Accounting$0$10,973-$10,973
Conferences and Meetings$3,081$0-$3,081
Interest$0$2,804-$2,804
Travel$568$0-$568
Total Functional Expenses$2,882,921$511,272$0$3,394,193

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,394,193
Total Expenses per Audited Statements$3,394,193
Total Expenses per Form 990$3,394,193
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
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 A, Line 8B

“There are no committees that can act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is prepared by the organization's outside public accounting firm based on information provided by management. Once a draft of the return is available, it is reviewed by management with any changes or revisions incorporated into the filing. The revised return is then submitted to the board of directors for their review and approval prior to submitting to the internal revenue service.”

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

“The officers, directors, and the trustees are required to disclose all potential conflict of interests. The board reviews any conflicts presented by interested parties. Any board member with a financial interest in a matter presented to the board shall fully disclose such interest prior to board discussion on the issue and shall recuse themselves from the discussion and voting on the matter. The chairperson may appoint disinterested persons or a committee to investigate the transaction in question and report findings to the board. Alternatives to the proposed transaction are indentified and compared to the proposed transaction the board votes on the most beneficial option for the organization. If the board has reason to believe an interesed person has failed to disclose the potential conflict, the board will investigate further and if necessary, take appropriated disciplinary and corrective actions.”

Form 990, Part VI, Section B, Line 15

“The executive director's pay is determined based on data provided by external charter management organizations and through comparision studies of other charter schools. The board must vote to approve the executive director's compensation as a direct action.”

Form 990, Part VI, Section C, Line 19

“The school provides its governing documents, conflict of interest policy and financial statements to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Placer Academy Schools
EIN
82-3690364
Phone
9258995798
Address
11231 Gold Express Drive 310 to 411, Gold River, CA 95670

Signing Officer

Name
Kimberly Husted
Title
Chapter 7 Bankruptcy Trustee
Phone
9166351939
Signed
2023-11-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimberly Husted
Formed
2018
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
59
Volunteers
35

Preparer

Firm
Gabrielson & Company
Address
1605 School Street, Suite 5, Moraga, CA 94556
Preparer
Michael Gabrielson
Phone
9258995798
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other expenses include service 13 $73,997 , staff recruiting $1,200, payroll fees $4,219, fingerprinting $255, district oversight fees $25,415, special education contract instructors $191,734, and other miscellaneous expenditures.”

Form 990, Part XII, Line 2C

“The process has not changed from prior years.”

Financial Statement Notes

Schedule D, Part X, Line 2

“The school is a nonprofit entity exempt from the payment of income taxes under internal revenue code section 501(c)(3) and california revenue and taxation code section 23701d, accordingly, no provision has been made for income taxes. Management has determined that all income tax positions are more likely than not of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required.”

Raw XML AppendixShowing 400 of 492 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Teachers facilitate and present children with challenging questions and problems that encourage them to think "outside of box" through a hands-on project method. By actively participating in projects given, students encounter central concepts and principles about the subjects they are studying, which develop valuable research, problem solving, decision-making and investigate skills. Project-based learning allows the students to learn from their experiences, and then to apply what they have learned to the world around them. During the June 30, 2022 year end, Placer Charter Academy served approximately 261 students and had 175 instruction days.
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IRS990/MissionDesc0Placer Academy Charter encourages students to meet academic challenges with openness, enthusiasm and a willingness to solve problems creatively. Our school uses the core knowledge curriculum. An integral part of our learning process will have our school community learning how to ask questions, solve problems and make thoughtful decisions. A climate of expectation and success is encouraged, and all pupils are helped to set realistic targets and then given every assistance in achieving them. Our goal is to facilitate the development of self-confidence and to provide our students with the academic foundation necessary for them to reach their true potential and enjoy a successful experinced in higher education.
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IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt025000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04564
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0223899
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0228463
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS OPERATING EXPENSES
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0145742
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt1121631
IRS990/OtherExpensesGrp/ProgramServicesAmt286036
IRS990/OtherExpensesGrp/TotalAmt0145742
IRS990/OtherExpensesGrp/TotalAmt1121631
IRS990/OtherExpensesGrp/TotalAmt286036
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0LOTTERY REVENUE
IRS990/OtherRevenueMiscGrp/Desc1OTHER REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt076688
IRS990/OtherRevenueMiscGrp/ExclusionAmt11755
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1605
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt076688
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt12360
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
IRS990/OtherRevenueTotalAmt079048
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt026030
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01416000
IRS990/OtherSalariesAndWagesGrp/TotalAmt01442030
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04862
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0233733
IRS990/PensionPlanContributionsGrp/TotalAmt0238595
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt051797
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01885
IRS990/PrincipalOfficerNm0KIMBERLY HUSTED
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03456191
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01211065
IRS990/PYOtherRevenueAmt0145547
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0360228
IRS990/PYSalariesCompEmpBnftPaidAmt02030445
IRS990/PYTotalExpensesAmt03241510
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03601738
IRS990/ReconcilationRevenueExpnssAmt0-1217494
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0605
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0826977
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0231403
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01058380
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt00
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03394193
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02176699
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS A NONPROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D, ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0826977
IRS990ScheduleD/TotalExpensesPerForm990Amt03394193
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt02176699
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02176699
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03394193
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0PLACER ACADEMY MAKES ITS NONDISCRIMINATORY POLICY KNOWN THROUGH THEIR WEBSITE AND ON THE STUDENT'S APPLICATION.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DID NOT PROVIDE SCHOLARSHIPS OR FINANCIAL ASSISTANCE TO ANY STUDENT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2AS A PUBLIC CHARTER SCHOOL THE ORGANIZATION RECEIVES THE MAJORITY OF ITS FUNDING FROM STATE, FEDERAL AND LOCAL GOVERNMENT ENTITY FUNDS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There are no committees that can act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT WITH ANY CHANGES OR REVISIONS INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO SUBMITTING TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE OFFICERS, DIRECTORS, AND THE TRUSTEES ARE REQUIRED TO DISCLOSE ALL POTENTIAL CONFLICT OF INTERESTS. THE BOARD REVIEWS ANY CONFLICTS PRESENTED BY INTERESTED PARTIES. ANY BOARD MEMBER WITH A FINANCIAL INTEREST IN A MATTER PRESENTED TO THE BOARD SHALL FULLY DISCLOSE SUCH INTEREST PRIOR TO BOARD DISCUSSION ON THE ISSUE AND SHALL RECUSE THEMSELVES FROM THE DISCUSSION AND VOTING ON THE MATTER. THE CHAIRPERSON MAY APPOINT DISINTERESTED PERSONS OR A COMMITTEE TO INVESTIGATE THE TRANSACTION IN QUESTION AND REPORT FINDINGS TO THE BOARD. ALTERNATIVES TO THE PROPOSED TRANSACTION ARE INDENTIFIED AND COMPARED TO THE PROPOSED TRANSACTION THE BOARD VOTES ON THE MOST BENEFICIAL OPTION FOR THE ORGANIZATION. IF THE BOARD HAS REASON TO BELIEVE AN INTERESED PERSON HAS FAILED TO DISCLOSE THE POTENTIAL CONFLICT, THE BOARD WILL INVESTIGATE FURTHER AND IF NECESSARY, TAKE APPROPRIATED DISCIPLINARY AND CORRECTIVE ACTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTOR'S PAY IS DETERMINED BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISION STUDIES OF OTHER CHARTER SCHOOLS. THE BOARD MUST VOTE TO APPROVE THE EXECUTIVE DIRECTOR'S COMPENSATION AS A DIRECT ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE SCHOOL PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER EXPENSES INCLUDE SERVICE 13 $73,997 , STAFF RECRUITING $1,200, PAYROLL FEES $4,219, FINGERPRINTING $255, DISTRICT OVERSIGHT FEES $25,415, SPECIAL EDUCATION CONTRACT INSTRUCTORS $191,734, AND OTHER MISCELLANEOUS EXPENDITURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XII, Line 2c
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,632,499
Liabilities
$2,190,726
Net assets
-$558,227
Revenue
$2,176,699
Expenses
$3,394,193
Net income
-$1,217,494
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.00$0.00$0.00
2024Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.17$1.46$0.29$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.63$2.19$0.56$2.18$3.39$1.22
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.64$1.98$0.66$3.60$3.24$0.36
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.16$0.86$0.30$3.33$3.69$0.36
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.43$0.66$3.46$3.18$0.28