Civic Intelligence

Chesapeake Lighthouse Foundation Inc.

990 • Fiscal year 2017 • EIN 83-0356333

Jul 01, 2016 to Jun 30, 2017 • Filed on Mar 23, 2018

Organization ProfileWWW.CLFMD.ORG
6151 Chevy Chase DriveLaurel, MD 20707

(301) 776-2300

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.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

86th percentile

2.50x

Higher debt load relative to revenue than 86% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Net Margin

21st percentile

-4.0%

Higher net margin than 21% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

16th percentile

$172,289

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Asset Growth

95th percentile

51%

Faster asset growth than 95% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

74th percentile

17%

Faster revenue growth than 74% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$60,360,578

Up $20,267,403 (+51%) from 2016

Net Assets

Down

-$777,812

Down $987,186 (-471%) from 2016

Liabilities

Up

$61,138,390

Up $21,254,589 (+53%) from 2016

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin21st percentile

Revenue

Up

$24,497,798

Up $3,561,953 (+17%) from 2016

Expenses

Up

$25,484,984

Up $1,687,663 (+7.1%) from 2016

Net Income

Up

-$987,186

Up $1,874,290 (+66%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$150M$100M$50M$0-$50MAssets 2010: $664,462Liabilities 2010: $547,118Net Assets 2010: $117,3442010Assets 2011: $806,820Liabilities 2011: $278,379Net Assets 2011: $528,4412011Assets 2014: $10,785,137Liabilities 2014: $8,737,711Net Assets 2014: $2,047,4262014Assets 2015: $32,176,131Liabilities 2015: $29,105,281Net Assets 2015: $3,070,8502015Assets 2016: $40,093,175Liabilities 2016: $39,883,801Net Assets 2016: $209,3742016Assets 2017: $60,360,578Liabilities 2017: $61,138,390Net Assets 2017: -$777,8122017Assets 2018: $71,428,713Liabilities 2018: $71,579,135Net Assets 2018: -$150,4222018Assets 2019: $74,533,987Liabilities 2019: $71,822,412Net Assets 2019: $2,711,5752019Assets 2020: $79,192,054Liabilities 2020: $71,506,618Net Assets 2020: $7,685,4362020Assets 2021: $95,248,368Liabilities 2021: $83,040,388Net Assets 2021: $12,207,9802021Assets 2022: $97,823,093Liabilities 2022: $80,173,208Net Assets 2022: $17,649,8852022Assets 2023: $104,993,642Liabilities 2023: $77,855,506Net Assets 2023: $27,138,1362023Assets 2024: $123,251,178Liabilities 2024: $94,254,646Net Assets 2024: $28,996,5322024Assets 2025: $131,565,365Liabilities 2025: $99,539,195Net Assets 2025: $32,026,1702025

Highlighted filing

2017

Assets$60,360,578
Liabilities$61,138,390
Net Assets-$777,812
Open 2017 Filing

Operations Trend

Revenue Growth74th percentile

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

$80M$60M$40M$20M$0-$20MExpenses 2010: $2,629,3602010Expenses 2011: $3,482,5622011Revenue 2014: $10,394,372Expenses 2014: $10,894,418Net Income 2014: -$500,0462014Revenue 2015: $19,303,709Expenses 2015: $18,280,285Net Income 2015: $1,023,4242015Revenue 2016: $20,935,845Expenses 2016: $23,797,321Net Income 2016: -$2,861,4762016Revenue 2017: $24,497,798Expenses 2017: $25,484,984Net Income 2017: -$987,1862017Revenue 2018: $28,684,006Expenses 2018: $28,056,616Net Income 2018: $627,3902018Revenue 2019: $38,850,420Expenses 2019: $35,988,423Net Income 2019: $2,861,9972019Revenue 2020: $41,089,783Expenses 2020: $36,115,922Net Income 2020: $4,973,8612020Revenue 2021: $41,440,883Expenses 2021: $36,918,339Net Income 2021: $4,522,5442021Revenue 2022: $48,417,489Expenses 2022: $42,975,584Net Income 2022: $5,441,9052022Revenue 2023: $58,554,386Expenses 2023: $49,066,135Net Income 2023: $9,488,2512023Revenue 2024: $67,569,282Expenses 2024: $58,613,030Net Income 2024: $8,956,2522024Revenue 2025: $65,275,806Expenses 2025: $61,683,008Net Income 2025: $3,592,7982025

Highlighted filing

2017

Revenue$24,497,798
Expenses$25,484,984
Net Income-$987,186
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Mar 23, 2018
Return Version
2016v3.0
Gross Receipts
$24,497,798
Mission and Program Overview

Mission

To attain educational excellence by providing a rigorous and technology-integrated education for k-12 students with an emphasis on mathematics, science, and information technologies.

To provide a rigorous and quality education for middle and high school students with a special focus on math, science and technology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$32,920,142$43,503,490▲ $10,583,348
Savings and Temporary Cash Investments-$14,599,641-
Cash and Non-Interest-Bearing Accounts$6,095,562$1,662,385▼ $4,433,177
Accounts Receivable$175,398$163,485▼ $11,913
Loans From Officers Directors$218,686$119,076▼ $99,610
Total Assets$40,093,175$60,360,578▲ $20,267,403
Other Assets Total$902,073$431,577▼ $470,496
Liabilities
Tax Exempt Bond Liabilities$36,553,180$53,789,074▲ $17,235,894
Accounts Payable and Accrued Expenses$1,899,258$3,873,452▲ $1,974,194
Other Liabilities$57,677$1,756,788▲ $1,699,111
Mortgage Notes Payable Secured by Investment Property$1,155,000$1,600,000▲ $445,000
Total Liabilities$39,883,801$61,138,390▲ $21,254,589
Net Assets / Fund Balance
Unrestricted Net Assets$209,374$-777,812▼ $987,186
Total Net Assets Fund Balance$209,374$-777,812▼ $987,186
Total Liabilities and Net Assets / Fund Balance$40,093,175$60,360,578▲ $20,267,403

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$22,686,837$1,272,133$23,958,970
Other Land Buildings$13,872,668$286,575$14,159,243
Land$4,013,300-$4,013,300
Equipment$2,579,918$1,192,766$3,772,684
Leasehold Improvements$350,767$2,786,893$3,137,660
Compensation and Service Providers
Top Officer Pay16th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ismail Hakki KaramanChief Executive OfficerFT$136,038$36,251$172,289
Vedat DoganChief Operating OfficerFT$98,604$18,133$116,737
Ismail UnlusoyChief Information OfficerFT$83,169$10,074$93,243
Hakan OrakChief Academic Officer Until 7/29/16FT$66,300$12,385$78,685
Yilmaz AkChief Academic Officer as of 8/1/16FT$49,519$6,263$55,782

Board Members and Trustees

NameTitle
Spear LancasterBoard President
Birol OzturkDirector
Dr Mustafa SefikDirector
Dr Ruth EbiasahDirector
Sakena GreeneDirector
Salih MirasyediDirector
Claudia ChangDirector as of June 2017
Moses SubasiDirector as of June 2017
Neil MazuranicSecretary Until April 2017
Lutfi onTreasurer
Dr Murat CilVice Pres. Until Dec. 2016
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$24,365,179
Investment Income
$35,725
Other Revenue
$96,894
Change in Net Assets
$-987,186

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,497,798
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$24,497,798
Total Revenue per Form 990
$24,497,798
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$15,652,002
Other Expenses$9,832,982
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,142,122$2,226,320-$12,368,442
Interest-$2,692,850-$2,692,850
Occupancy$1,763,337$712,267-$2,475,604
Other Employee Benefits$1,353,485$297,106-$1,650,591
Depreciation Depletion$1,226,685$269,272-$1,495,957
Payroll Taxes$749,896$164,611-$914,507
Office Expenses$584,275$224,429-$808,704
Current Officers, Directors, Trustees, and Key Employees$421,912$92,615-$514,527
Fees for Services Other$325,520$71,456-$396,976
Fees for Services Management$272,783$64,131-$336,914
Pension Plan Contributions$167,227$36,708-$203,935
Fees for Services Legal-$83,487-$83,487
All Other Expenses$62,805$18,751-$81,556
Conferences and Meetings$58,600$12,863-$71,463
Other Expenses$4,366$63,116-$67,482
Insurance$53,629$11,772-$65,401
Fees for Services Accounting-$26,100-$26,100
Advertising$15,460$3,394-$18,854
Travel$3,192$701-$3,893
Total Functional Expenses$18,370,777$7,114,207$0$25,484,984

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$25,484,984
Total Expenses per Audited Statements$25,484,984
Total Expenses per Form 990$25,484,984
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$218,686$119,076▼ $99,610
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest$1,557,575
Deferred Rent$145,304
Capital Lease Obligation$53,909

Bond Issues

BondIssuerIssuedIssue PricePurpose
APrince Georges County Maryland2015-11-04$34,195,000To retire previous bonds and building loans, new hvac system, improvements
BPrince Georges County Maryland2016-12-01$21,055,000Pay in full outstanding building loan and construction of cmit academy high

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$34,195,000---
B$21,055,000---

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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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 4

“The organization updated its bylaws in fy17. Significant changes include: 1) adding that acting non-parent and parent members of the board of directors are required to execute their duties as required; 2) adding a ceo that will be hired by the board of directors; 3) adding articles that deal with records maintenance, inspection, and preparation; and 4) adding board member attendance requirements and avoiding and addressing conflict of interest.”

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

“The board of directors reviews a copy of the form 990 before it is filed with the irs.”

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

“Board members and officers sign a conflict of interest form and statement indicating interests that could give rise to conflicts. This is done on an annual basis.”

Form 990, Part VI, Section B, Line 15A

“The organization uses a compensation survey or study to determine the president/ceo's compensation. The amount is approved by the board of directors. The last compensation survey was completed in april of 2015.”

Form 990, Part VI, Section C, Line 19

“The foundation makes its governing documents, financial statements and form 990 available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Chesapeake Lighthouse Foundation Inc
EIN
83-0356333
Phone
3017762300
Address
6151 CHEVY CHASE DRIVE, LAUREL, MD 20707

Signing Officer

Name
Ismail Hakki Karaman
Title
CEO
Phone
3017762300
Signed
2018-03-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ismail Hakki Karaman
Formed
2003
Legal Domicile
Md
Voting Board Members
9
Independent Board Members
9
Employees
67
Volunteers
6

Preparer

Firm
Jones Maresca & Mcquade Pa
Address
10500 LITTLE PATUXENT PARKWAY SUITE, 770, COLUMBIA, MD 21044
Preparer
David Jones
Phone
4108840220
Supplemental Narrative

Additional Explanations

ITEM C. DOING BUSINES AS NAMES:

“Chesapeake lighthouse foundation, inc. ("the foundation") operates four charter schools under the names chesapeake science point charter school, llc, chesapeake math & it academy, cmit elementary, and cmit south.”

Form 990, Part XII, Line 2C

“The organization has not changed its oversight or selection process during the year.”

Financial Statement Notes

PART X, LINE 2:

“Clf recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Clf does not believe its financial statements include any uncertain tax positions.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRES. UNTIL DEC. 2016
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY UNTIL APRIL 2017
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR AS OF JUNE 2017
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR AS OF JUNE 2017
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHIEF ACADEMIC OFFICER UNTIL 7/29/16
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHIEF ACADEMIC OFFICER AS OF 8/1/16
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15CHIEF INFORMATION OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt024497798
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt011772
IRS990/InsuranceGrp/ProgramServicesAmt053629
IRS990/InsuranceGrp/TotalAmt065401
IRS990/InterestGrp/ManagementAndGeneralAmt02692850
IRS990/InterestGrp/TotalAmt02692850
IRS990/InvestmentIncomeGrp/ExclusionAmt035725
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt035725
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05538367
IRS990/LandBldgEquipBasisNetGrp/BOYAmt032920142
IRS990/LandBldgEquipBasisNetGrp/EOYAmt043503490
IRS990/LandBldgEquipCostOrOtherBssAmt049041857
IRS990/LegalDomicileStateCd0MD
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt0218686
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt0119076
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ATTAIN EDUCATIONAL EXCELLENCE BY PROVIDING A RIGOROUS AND TECHNOLOGY-INTEGRATED EDUCATION FOR K-12 STUDENTS WITH AN EMPHASIS ON MATHEMATICS, SCIENCE, AND INFORMATION TECHNOLOGIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01155000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01600000
IRS990/NetAssetsOrFundBalancesBOYAmt0209374
IRS990/NetAssetsOrFundBalancesEOYAmt0-777812
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0712267
IRS990/OccupancyGrp/ProgramServicesAmt01763337
IRS990/OccupancyGrp/TotalAmt02475604
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0224429
IRS990/OfficeExpensesGrp/ProgramServicesAmt0584275
IRS990/OfficeExpensesGrp/TotalAmt0808704
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0902073
IRS990/OtherAssetsTotalGrp/EOYAmt0431577
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0297106
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01353485
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01650591
IRS990/OtherExpensesGrp/Desc0INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc1BUS TRANSPORTATION
IRS990/OtherExpensesGrp/Desc2ENRICHMENT ACTIVITIES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt042258
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt163116
IRS990/OtherExpensesGrp/ProgramServicesAmt0674809
IRS990/OtherExpensesGrp/ProgramServicesAmt1298168
IRS990/OtherExpensesGrp/ProgramServicesAmt2192506
IRS990/OtherExpensesGrp/ProgramServicesAmt34366
IRS990/OtherExpensesGrp/TotalAmt0674809
IRS990/OtherExpensesGrp/TotalAmt1298168
IRS990/OtherExpensesGrp/TotalAmt2234764
IRS990/OtherExpensesGrp/TotalAmt367482
IRS990/OtherLiabilitiesGrp/BOYAmt057677
IRS990/OtherLiabilitiesGrp/EOYAmt01756788
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0WRITE OFF OLD PAYABLES
IRS990/OtherRevenueMiscGrp/Desc1ENERGY SAVINGS REBATE
IRS990/OtherRevenueMiscGrp/ExclusionAmt050000
IRS990/OtherRevenueMiscGrp/ExclusionAmt146894
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt050000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt146894
IRS990/OtherRevenueTotalAmt096894
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02226320
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt010142122
IRS990/OtherSalariesAndWagesGrp/TotalAmt012368442
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0164611
IRS990/PayrollTaxesGrp/ProgramServicesAmt0749896
IRS990/PayrollTaxesGrp/TotalAmt0914507
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt036708
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0167227
IRS990/PensionPlanContributionsGrp/TotalAmt0203935
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ISMAIL HAKKI KARAMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/Desc0PER PUPIL FUNDING
IRS990/ProgramServiceRevenueGrp/Desc1ENRICHMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc2STUDENT ACTIVITY FEES
IRS990/ProgramServiceRevenueGrp/Desc3VENDING MACHINE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt023439338
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1895741
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt224789
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt35311
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt023439338
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1895741
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt224789
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt35311
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0112959
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-1083122
IRS990/PYOtherExpensesAmt010963793
IRS990/PYOtherRevenueAmt0136197
IRS990/PYProgramServiceRevenueAmt021769811
IRS990/PYRevenuesLessExpensesAmt0-2861476
IRS990/PYSalariesCompEmpBnftPaidAmt012833528
IRS990/PYTotalExpensesAmt023797321
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt020935845
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-987186
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt024365179
IRS990/SavingsAndTempCashInvstGrp/EOYAmt014599641
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt022686837
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01272133
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt023958970
IRS990ScheduleD/EquipmentGrp/BookValueAmt02579918
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01192766
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03772684
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt025484984
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt04013300
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04013300
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0350767
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02786893
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03137660
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt013872668
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0286575
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt014159243
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt053909
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11557575
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2145304
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE OBLIGATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED RENT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt024497798
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CLF RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. CLF DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt043503490
IRS990ScheduleD/TotalExpensesPerForm990Amt025484984
IRS990ScheduleD/TotalLiabilityAmt01756788
IRS990ScheduleD/TotalRevenuePerForm990Amt024497798
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt024497798
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt025484984
IRS990ScheduleE/ComplianceWithRevProc7550Ind00
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$60,360,578
Liabilities
$61,138,390
Net assets
-$777,812
Revenue
$24,497,798
Expenses
$25,484,984
Net income
-$987,186
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$132$99.5$32.0$65.3$61.7$3.59
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$123$94.3$29.0$67.6$58.6$8.96
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$105$77.9$27.1$58.6$49.1$9.49
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$97.8$80.2$17.6$48.4$43.0$5.44
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$95.2$83.0$12.2$41.4$36.9$4.52
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$79.2$71.5$7.69$41.1$36.1$4.97
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$74.5$71.8$2.71$38.9$36.0$2.86
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$71.4$71.6$0.15$28.7$28.1$0.63
2017Detailed filing. Detailed filing data is available for this year.$60.4$61.1$0.78$24.5$25.5$0.99
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.1$39.9$0.21$20.9$23.8$2.86
2015Detailed filing. Detailed filing data is available for this year.$32.2$29.1$3.07$19.3$18.3$1.02
2014Detailed filing. Detailed filing data is available for this year.$10.8$8.74$2.05$10.4$10.9$0.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.28$0.53$3.48
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.55$0.12$2.63