Civic Intelligence

Sss Education Foundation

990 • Fiscal year 2020 • EIN 82-4972119

Sep 01, 2019 to Aug 31, 2020 • Filed on Jul 14, 2021

Organization ProfileN/A
1412 S Belt Line RdMesquite, TX 75149

(972) 375-9672

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.01x

Higher debt load relative to assets than 93% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

100th percentile

101.91x

Higher debt load relative to revenue than 100% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

13th percentile

-16%

Higher net margin than 13% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

93rd percentile

54%

Faster asset growth than 93% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

100th percentile

1311%

Faster revenue growth than 100% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$79,730,511

Up $27,967,521 (+54%) from 2019

Net Assets

Down

-$665,204

Down $73,194 (-12%) from 2019

Liabilities

Up

$80,395,715

Up $28,040,715 (+54%) from 2019

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin13th percentile

Revenue

Up

$788,904

Up $732,996 (+1311%) from 2019

Expenses

Up

$915,418

Up $374,300 (+69%) from 2019

Net Income

Up

-$126,514

Up $358,696 (+74%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

$150M$100M$50M$0-$50MAssets 2019: $51,762,990Liabilities 2019: $52,355,000Net Assets 2019: -$592,0102019Assets 2020: $79,730,511Liabilities 2020: $80,395,715Net Assets 2020: -$665,2042020Assets 2021: $79,366,180Liabilities 2021: $80,950,459Net Assets 2021: -$1,584,2792021Assets 2022: $78,449,539Liabilities 2022: $81,538,548Net Assets 2022: -$3,089,0092022Assets 2023: $120,502,376Liabilities 2023: $127,267,405Net Assets 2023: -$6,765,0292023Assets 2024: $118,103,226Liabilities 2024: $126,831,832Net Assets 2024: -$8,728,6062024

Highlighted filing

2020

Assets$79,730,511
Liabilities$80,395,715
Net Assets-$665,204
Open 2020 Filing

Operations Trend

Revenue Growth100th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2019: $55,908Expenses 2019: $541,118Net Income 2019: -$485,2102019Revenue 2020: $788,904Expenses 2020: $915,418Net Income 2020: -$126,5142020Revenue 2021: $3,445,001Expenses 2021: $4,364,076Net Income 2021: -$919,0752021Revenue 2022: $6,024,322Expenses 2022: $7,529,053Net Income 2022: -$1,504,7312022Revenue 2023: $8,426,492Expenses 2023: $12,102,512Net Income 2023: -$3,676,0202023Revenue 2024: $8,157,427Expenses 2024: $10,121,004Net Income 2024: -$1,963,5772024

Highlighted filing

2020

Revenue$788,904
Expenses$915,418
Net Income-$126,514
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Jul 14, 2021
Return Version
2019v5.2
Gross Receipts
$788,904
Mission and Program Overview

Mission

The purpose of the corporation is to support meadow oaks education foundation and other charter educational organizations located in the usa, in order to (i) facilitate charter school campus development projects, including designing, financing, holding title to the property and leasing the developments, including collecting rents and paying expenses incidental to such activities, for the purpose of providing affordable facilities for public charter schools at or below market rates, and (ii) facilitate the attainment of higher education by providing college tuition assistance in the form of scholarships and grants for charter school graduates.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$26,475,607$64,112,455▲ $37,636,848
Cash and Non-Interest-Bearing Accounts$12,928,262$15,618,056▲ $2,689,794
Other Notes and Loans Receivable, Net-$0-
Total Assets$39,403,869$79,730,511▲ $40,326,642
Other Assets Total$0$0→ $0
Liabilities
Tax Exempt Bond Liabilities$39,995,879$68,945,715▲ $28,949,836
Unsecured Notes Loans Payable-$11,450,000-
Total Liabilities$39,995,879$80,395,715▲ $40,399,836
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-592,010$-665,204▼ $73,194
Total Net Assets Fund Balance$-592,010$-665,204▼ $73,194
Total Liabilities and Net Assets / Fund Balance$39,403,869$79,730,511▲ $40,326,642

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$42,741,372$572,636$43,314,008
Other Land Buildings$21,371,083-$21,371,083
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

NameTitle
Deependra ChhabraDirector
Shubham PandeyExecutive Director
Brent ParrottSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$17,659
Program Service Revenue
$639,557
Investment Income
$131,688
Other Revenue
$0
All Other Contributions
$17,659
Change in Net Assets
$-126,514

Audited Revenue Reconciliation

Revenue per Audited Statements
$788,904
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$788,904
Total Revenue per Form 990
$788,904
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$915,418
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$458,108--$458,108
Interest$457,163--$457,163
Office Expenses-$147-$147
Total Functional Expenses$915,271$147$0$915,418

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$915,418
Total Expenses per Audited Statements$915,418
Total Expenses per Form 990$915,418
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Entity of DirectorsConstruction ServicesNo$30,689,586
-Founder of Pioneer Technology & Arts AcademyLease RevenueNo$639,557
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AThe Industrial Development Authority of the County of La Paz Arizona2019-06-13$52,355,000PROPERTY FINANCING
BThe Industrial Development Authority of the County of La Paz Arizona2020-03-10$31,450,000PROPERTY FINANCING

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$52,290,000--$1,821,922
B$31,450,000--$1,979,618

Bond Financing Compliance

No rebate due
No
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
No
Audit committee
No
Business relationship with 35% controlled entity
Yes
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
No
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 2

“Shubham pandey, executive director, and deephendra chhabra, director, are business partners.”

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

“A draft of form 990 is provided to the board members and approved prior to filing.”

Form 990, Part VI, Section C, Line 19

“Availability of documents the organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Sss Education Foundation
EIN
82-4972119
Phone
9723759672
Address
1412 S BELT LINE RD, MESQUITE, TX 75149

Signing Officer

Name
Shubham Pandey
Title
Executive Director
Phone
9723759672
Signed
2021-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shubham Pandey
Formed
2018
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Lane Gorman Trubitt LLC
Address
2626 HOWELL ST SUITE 700, DALLAS, TX 75204
Preparer
Kevin Warneke
Phone
2148717500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Fin 48 (asc 740) footnote the foundation is exempt from federal income tax under section 501(c)(3) of the internal revenue code (the "code"), except to the extent it has unrelated business income. In addition, the foundation has been determined by the internal revenue service not to be a private foundation within the meaning of section 509(a) of the code. For the year ended august 31, 2020, the foundation had no net unrelated business income. Accordingly, no provision for income tax has been provided in the accompanying financial statements. Gaap requires the evaluation of tax positions taken or expected to be taken in the course of preparing the foundation's tax return to determine whether the tax positions are more likely than not of being sustained by the applicable tax authority. Tax positions not deemed to meet the more likely than not threshold would be recorded as a tax benefit or expense in the current year. A reconciliation is not provided herein, as the beginning and ending amounts of unrecognized benefits are zero, with no interim additions, reductions, or settlements. The foundation is relying on its tax-exempt status and its adherence to all applicable laws and regulations to preserve that status. However, the conclusions regarding accounting for uncertainty in income taxes will be subject to review and may be adjusted at a later date based on factors including, but not limited to, ongoing analysis of tax laws, regulations, and interpretations thereof. The foundation recognizes interest and penalties, if any, related to uncertain tax positions as income tax expense. The foundation's information returns filed are generally subject to examination for three years after the later of the due date or date of filing.”

Raw XML Appendix393 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/ActivityOrMissionDesc0THE PURPOSE OF THE CORPORATION IS TO SUPPORT MEADOW OAKS EDUCATION FOUNDATION AND OTHER CHARTER EDUCATIONAL ORGANIZATIONS LOCATED IN THE USA, IN ORDER TO (I) FACILITATE CHARTER SCHOOL CAMPUS DEVELOPMENT PROJECTS, INCLUDING DESIGNING, FINANCING, HOLDING TITLE TO THE PROPERTY AND LEASING THE DEVELOPMENTS, INCLUDING COLLECTING RENTS AND PAYING EXPENSES INCIDENTAL TO SUCH ACTIVITIES, FOR THE PURPOSE OF PROVIDING AFFORDABLE FACILITIES FOR PUBLIC CHARTER SCHOOLS AT OR BELOW MARKET RATES, AND (II) FACILITATE THE ATTAINMENT OF HIGHER EDUCATION BY PROVIDING COLLEGE TUITION ASSISTANCE IN THE FORM OF SCHOLARSHIPS AND GRANTS FOR CHARTER SCHOOL GRADUATES.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 (ASC 740) FOOTNOTE THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"), EXCEPT TO THE EXTENT IT HAS UNRELATED BUSINESS INCOME. IN ADDITION, THE FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. FOR THE YEAR ENDED AUGUST 31, 2020, THE FOUNDATION HAD NO NET UNRELATED BUSINESS INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAX HAS BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GAAP REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE FOUNDATION'S TAX RETURN TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE LIKELY THAN NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE IN THE CURRENT YEAR. A RECONCILIATION IS NOT PROVIDED HEREIN, AS THE BEGINNING AND ENDING AMOUNTS OF UNRECOGNIZED BENEFITS ARE ZERO, WITH NO INTERIM ADDITIONS, REDUCTIONS, OR SETTLEMENTS. THE FOUNDATION IS RELYING ON ITS TAX-EXEMPT STATUS AND ITS ADHERENCE TO ALL APPLICABLE LAWS AND REGULATIONS TO PRESERVE THAT STATUS. HOWEVER, THE CONCLUSIONS REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES WILL BE SUBJECT TO REVIEW AND MAY BE ADJUSTED AT A LATER DATE BASED ON FACTORS INCLUDING, BUT NOT LIMITED TO, ONGOING ANALYSIS OF TAX LAWS, REGULATIONS, AND INTERPRETATIONS THEREOF. THE FOUNDATION RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNCERTAIN TAX POSITIONS AS INCOME TAX EXPENSE. THE FOUNDATION'S INFORMATION RETURNS FILED ARE GENERALLY SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THE LATER OF THE DUE DATE OR DATE OF FILING.
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02019-06-13
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12020-03-10
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt131450000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE COUNTY OF LA PAZ ARIZONA
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE COUNTY OF LA PAZ ARIZONA
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0PROPERTY FINANCING
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc1PROPERTY FINANCING
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0SHUBHAM PANDEY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1PNC PARTNERS LTD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FOUNDER OF PIONEER TECHNOLOGY & ARTS ACADEMY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1ENTITY OF DIRECTORS
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0639557
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt130689586
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0LEASE REVENUE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1CONSTRUCTION SERVICES
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0SHUBHAM PANDEY, THE EXECUTIVE DIRECTOR OF THE ORGANIZATION, IS THE FOUNDER OF PTAA, PIONEER TECHNOLOGY & ARTS ACADEMY. LEASE REVENUE IS RECEIVED FROM PTAA TO LEASE CAMPUS SPACE.SHUBHAM PANDEY, THE EXECUTIVE DIRECTOR OF THE ORGANIZATION, IS THE OWNER AND PRESIDENT OF PNC PARTNERS LTD. DEEPENDRA CHHABRA, THE DIRECTOR OF THE ORGANIZATION, IS THE VICE PRESIDENT OF PNC PARTNERS LTD. CONSTRUCTION EXPENSES ARE PAID TO PNC PARTNERS, LTD FOR SERVICES PERFORMED.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SHUBHAM PANDEY, EXECUTIVE DIRECTOR, AND DEEPHENDRA CHHABRA, DIRECTOR, ARE BUSINESS PARTNERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF FORM 990 IS PROVIDED TO THE BOARD MEMBERS AND APPROVED PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABILITY OF DOCUMENTS THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt039995879
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IRS990/TotalAssetsGrp/BOYAmt039403869
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IRS990/TotalContributionsAmt017659
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0147
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0915271
IRS990/TotalFunctionalExpensesGrp/TotalAmt0915418
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IRS990/TotalProgramServiceRevenueAmt0639557
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IRS990/TotalRevenueGrp/ExclusionAmt0131688
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0639557
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0788904
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IRS990/USAddress/ZIPCd075149
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SHUBHAM PANDEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09723759672
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SSS EDUCATION FOUNDATION
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LANE GORMAN TRUBITT LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02626 HOWELL ST SUITE 700
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DALLAS
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ReturnHeader/PreparerPersonGrp/PhoneNum02148717500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KEVIN WARNEKE
ReturnHeader/ReturnTs02021-07-15T10:33:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-09-01
ReturnHeader/TaxPeriodEndDt02020-08-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$79,730,511
Liabilities
$80,395,715
Net assets
-$665,204
Revenue
$788,904
Expenses
$915,418
Net income
-$126,514
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$118$127$8.73$8.16$10.1$1.96
2023Detailed filing. Detailed filing data is available for this year.$121$127$6.77$8.43$12.1$3.68
2022Detailed filing. Detailed filing data is available for this year.$78.4$81.5$3.09$6.02$7.53$1.50
2021Detailed filing. Detailed filing data is available for this year.$79.4$81.0$1.58$3.45$4.36$0.92
2020Detailed filing. Detailed filing data is available for this year.$79.7$80.4$0.67$0.79$0.92$0.13
2019Detailed filing. Detailed filing data is available for this year.$51.8$52.4$0.59$0.06$0.54$0.49