Civic Intelligence

Sss Education Foundation

990 • Fiscal year 2021 • EIN 82-4972119

Sep 01, 2020 to Aug 31, 2021 • Filed on Apr 14, 2022

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

(972) 375-9672

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.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

99th percentile

23.50x

Higher debt load relative to revenue than 99% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Net Margin

6th percentile

-27%

Higher net margin than 6% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

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.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Asset Growth

16th percentile

-0.5%

Faster asset growth than 16% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

97th percentile

337%

Faster revenue growth than 97% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$79,366,180

Down $364,331 (-0.5%) from 2020

Net Assets

Down

-$1,584,279

Down $919,075 (-138%) from 2020

Liabilities

Up

$80,950,459

Up $554,744 (+0.7%) from 2020

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin6th percentile

Revenue

Up

$3,445,001

Up $2,656,097 (+337%) from 2020

Expenses

Up

$4,364,076

Up $3,448,658 (+377%) from 2020

Net Income

Down

-$919,075

Down $792,561 (-626%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth16th 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

2021

Assets$79,366,180
Liabilities$80,950,459
Net Assets-$1,584,279
Open 2021 Filing

Operations Trend

Revenue Growth97th 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

2021

Revenue$3,445,001
Expenses$4,364,076
Net Income-$919,075
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Apr 14, 2022
Return Version
2020v4.0
Gross Receipts
$3,445,001
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$64,112,455$67,136,750▲ $3,024,295
Cash and Non-Interest-Bearing Accounts$15,618,056$7,379,430▼ $8,238,626
Other Notes and Loans Receivable, Net-$4,850,000-
Total Assets$79,730,511$79,366,180▼ $364,331
Liabilities
Tax Exempt Bond Liabilities$68,945,715$69,500,451▲ $554,736
Unsecured Notes Loans Payable$11,450,000$11,450,000→ $0
Accounts Payable and Accrued Expenses-$8-
Total Liabilities$80,395,715$80,950,459▲ $554,744
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-665,204$-1,584,279▼ $919,075
Total Net Assets Fund Balance$-665,204$-1,584,279▼ $919,075
Total Liabilities and Net Assets / Fund Balance$79,730,511$79,366,180▼ $364,331

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$42,666,804$2,154,650$44,821,454
Other Land Buildings$24,469,946-$24,469,946
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

NameTitle
Deependra ChhabraDirector
Shubham PandeyExecutive Di
Brent ParrotSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,443,845
Investment Income
$1,156
Other Revenue
$0
Change in Net Assets
$-919,075
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,364,076
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
Interest$2,170,102--$2,170,102
Depreciation Depletion$2,136,750--$2,136,750
Other Expenses$45,005--$45,005
Fees for Services Accounting-$12,135-$12,135
Fees for Services Other-$84-$84
Total Functional Expenses$4,351,857$12,219$0$4,364,076
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
-Pioneer FounderLease RevenueNo$3,443,845
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AThe Industrial Development Authorit2019-06-13$52,355,000PROPERTY FINANCING
BThe Industrial Development Authorit2020-03-10$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
Yes
Annual disclosure for covered persons
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, Page 6, Part VI, Line 2

“Shubham pandey deephendra chabbra director director business partners”

Form 990, Page 6, Part VI, Line 11B

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

Form 990, Page 6, Part VI, Line 19

“Will be mailed upon request.”

Filing and Contact Details

Filer

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

Signing Officer

Name
Shubham Pandey
Title
Executive Director
Phone
9723759672
Signed
2022-04-14

Organization Details

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

Preparer

Firm
Gomez & Company
Address
5177 RICHMOND AVE STE 1100, HOUSTON, TX 77056-6748
Preparer
Benjamin P Gomez
Phone
7136665900
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.”

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IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine2Txt12020A & 2020B SERIES
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0PROPERTY FINANCING
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc1PROPERTY FINANCING
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd1true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt043594211
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt128222729
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt02401367
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt11247652
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd1true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt04472500
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt01821922
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt11979618
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd1true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt052290000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt131450000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0SHUBHAM PANDEY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0PIONEER FOUNDER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt03443845
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0LEASE REVENUE
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SHUBHAM PANDEY DEEPHENDRA CHABBRA DIRECTOR DIRECTOR BUSINESS PARTNERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT OF FORM 990 IS PROVIDED TO THE BOARD MEMBERS AND APPROVED PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WILL BE MAILED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt068945715
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt069500451
IRS990/TaxExemptBondsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt079730511
IRS990/TotalAssetsEOYAmt079366180
IRS990/TotalAssetsGrp/BOYAmt079730511
IRS990/TotalAssetsGrp/EOYAmt079366180
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012219
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04351857
IRS990/TotalFunctionalExpensesGrp/TotalAmt04364076
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt080395715
IRS990/TotalLiabilitiesEOYAmt080950459
IRS990/TotalLiabilitiesGrp/BOYAmt080395715
IRS990/TotalLiabilitiesGrp/EOYAmt080950459
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-665204
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1584279
IRS990/TotalProgramServiceExpensesAmt04351857
IRS990/TotalProgramServiceRevenueAmt03443845
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03445001
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03445001
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt079730511
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt079366180
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt011450000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt011450000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01412 S BELT LINE ROAD
IRS990/USAddress/CityNm0MESQUITE
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075149
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SHUBHAM PANDEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09723759672
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SSS EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0SSSE
ReturnHeader/Filer/EIN0824972119
ReturnHeader/Filer/PhoneNum09723759672
ReturnHeader/Filer/USAddress/AddressLine1Txt01412 S BELT LINE ROAD
ReturnHeader/Filer/USAddress/CityNm0MESQUITE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075149
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0760225893
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GOMEZ & COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05177 RICHMOND AVE STE 1100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOUSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0770566748
ReturnHeader/PreparerPersonGrp/PhoneNum07136665900
ReturnHeader/PreparerPersonGrp/PreparationDt02022-04-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BENJAMIN P GOMEZ
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-04-15T12:04:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SHUBHAM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PANDEY
ReturnHeader/TaxPeriodBeginDt02020-09-01
ReturnHeader/TaxPeriodEndDt02021-08-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$79,366,180
Liabilities
$80,950,459
Net assets
-$1,584,279
Revenue
$3,445,001
Expenses
$4,364,076
Net income
-$919,075
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