Civic Intelligence

Ilead Agua Dulce

990 • Fiscal year 2021 • EIN 83-1193415

Jul 01, 2020 to Jun 30, 2021 • Filed on May 11, 2022

3720 Sierra Hwy No AActon, CA 93510

(800) 925-1502

Siviq Scores

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

Liabilities / Assets

89th percentile

0.67x

Higher debt load relative to assets than 89% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

78th percentile

0.45x

Higher debt load relative to revenue than 78% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

47th percentile

11%

Higher net margin than 47% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

66th percentile

$91,681

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

91st percentile

79%

Faster asset growth than 91% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

62nd percentile

25%

Faster revenue growth than 62% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,970,844

Up $868,329 (+79%) from 2020

Net Assets

Up

$646,458

Up $328,574 (+103%) from 2020

Liabilities

Up

$1,324,386

Up $539,755 (+69%) from 2020

Revenue

Up

$2,956,649

Up $590,799 (+25%) from 2020

Expenses

Up

$2,628,075

Up $511,482 (+24%) from 2020

Net Income

Up

$328,574

Up $79,317 (+32%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2019: $714,867Liabilities 2019: $646,240Net Assets 2019: $68,6272019Assets 2020: $1,102,515Liabilities 2020: $784,631Net Assets 2020: $317,8842020Assets 2021: $1,970,844Liabilities 2021: $1,324,386Net Assets 2021: $646,4582021Assets 2022: $1,807,369Liabilities 2022: $918,525Net Assets 2022: $888,8442022Assets 2023: $2,406,753Liabilities 2023: $1,380,629Net Assets 2023: $1,026,1242023

Highlighted filing

2021

Assets$1,970,844
Liabilities$1,324,386
Net Assets$646,458

Operations Trend

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

$6.0M$4.0M$2.0M$0Revenue 2019: $1,394,483Expenses 2019: $1,325,856Net Income 2019: $68,6272019Revenue 2020: $2,365,850Expenses 2020: $2,116,593Net Income 2020: $249,2572020Revenue 2021: $2,956,649Expenses 2021: $2,628,075Net Income 2021: $328,5742021Revenue 2022: $3,731,311Expenses 2022: $3,526,965Net Income 2022: $204,3462022Revenue 2023: $4,226,943Expenses 2023: $4,089,663Net Income 2023: $137,2802023

Highlighted filing

2021

Revenue$2,956,649
Expenses$2,628,075
Net Income$328,574
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 11, 2022
Return Version
2020v4.2
Gross Receipts
$2,956,649
Mission and Program Overview

Mission

Ilead agua dulce prioritizes a positive, supportive, and inviting environment where our students can focus on their development. Agua dulce strives to support learners' development of academic excellence, emotional intelligence, life skills, and community engagement.

Ilead agua dulce is a public charter school serving students in k- 6th grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$508,371$1,127,242▲ $618,871
Cash and Non-Interest-Bearing Accounts$594,144$843,602▲ $249,458
Total Assets$1,102,515$1,970,844▲ $868,329
Liabilities
Unsecured Notes Loans Payable$247,400$588,330▲ $340,930
Accounts Payable and Accrued Expenses$537,231$556,871▲ $19,640
Deferred Revenue-$179,185-
Total Liabilities$784,631$1,324,386▲ $539,755
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$317,884$646,458▲ $328,574
Total Net Assets Fund Balance$317,884$646,458▲ $328,574
Total Liabilities and Net Assets / Fund Balance$1,102,515$1,970,844▲ $868,329
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lisa LatimerDirectorFT$91,265$416$91,681

Board Members and Trustees

NameTitle
Christine JohnsonPresident
Kurt KnechtelMember
Susan SlatesMember
Mary JohnsonSecretary
Lester MasconTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,942,283
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$14,366
Change in Net Assets
$328,574
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,414,160
Other Expenses$1,213,915
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$988,748$61,098-$1,049,846
Fees for Services Other$251,321$418,726-$670,047
Occupancy$247,686--$247,686
Pension Plan Contributions$132,146--$132,146
Other Employee Benefits$102,040$1,226-$103,266
Current Officers, Directors, Trustees, and Key Employees$94,424--$94,424
Other Expenses$75,114$5,552-$80,666
Information Technology$36,545--$36,545
Payroll Taxes$33,248$1,230-$34,478
Insurance-$27,842-$27,842
Fees for Services Accounting-$11,405-$11,405
Fees for Services Legal-$11,133-$11,133
Advertising-$7,219-$7,219
Conferences and Meetings$6,777--$6,777
Office Expenses$2,334--$2,334
Interest-$1,497-$1,497
Total Functional Expenses$2,081,147$546,928$0$2,628,075
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
No
Annual disclosure for covered persons
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The charter school is a member of a charter management organization - ilead schools development. They pay management fees and share some paid employees. See schedule r for more information.

Form 990, Part VI, Section A, Line 8B

The organization does not have a committee to act on behalf of the board.

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 irs.

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

Monitoring is performed regularly by the officers to identify potential conflicts of interest. Any question of a conflict is addressed with the interested person, who is required to disclose the existence of any financial interest and be afforded the opportunity to disclose all material facts to the board and executive director. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters.

Form 990, Part VI, Section B, Line 15

The compensation for the organization's ceo, executive director, or top management official is determined based on data provided by external charter management organizations and through comparison studies of other charter schools. Compensation is reviewed and voted upon by independent members.

Form 990, Part VI, Section C, Line 18

These documents are available to the public upon request.

Form 990, Part VI, Section C, Line 19

These documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Ilead Agua Dulce
EIN
83-1193415
Phone
8009251502
Address
3720 SIERRA HWY NO A, ACTON, CA 93510

Signing Officer

Name
Christine Johnson
Title
Board President
Phone
8009251502
Signed
2022-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christine Johnson
Formed
2018
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
35
Volunteers
5

Preparer

Firm
Cliftonlarsonallen Llp
Address
2210 EAST ROUTE 66, GLENDORA, CA 91740
Preparer
Wade Mcmullen
Phone
6268577300
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other fees for services: program service expenses 251,321. Management and general expenses 418,726. Fundraising expenses 0. Total expenses 670,047.

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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/MissionDesc0ILEAD AGUA DULCE PRIORITIZES A POSITIVE, SUPPORTIVE, AND INVITING ENVIRONMENT WHERE OUR STUDENTS CAN FOCUS ON THEIR DEVELOPMENT. AGUA DULCE STRIVES TO SUPPORT LEARNERS' DEVELOPMENT OF ACADEMIC EXCELLENCE, EMOTIONAL INTELLIGENCE, LIFE SKILLS, AND COMMUNITY ENGAGEMENT.
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE CHARTER MAKES ITS NONDISCRIMINATORY POLICY KNOWN THROUGH ITS WEBSITE AND ON THE STUDENTS' APPLICATIONS. THE CHARTER DRAWS ITS STUDENTS FROM THE LOCAL COMMUNITY, AND CURRENTLY ENROLLS STUDENTS FROM VARIOUS RACIAL MINORITY GROUPS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT PROVIDE SCHOLARSHIPS OR FINANCIAL ASSISTANCE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2AS A PUBLIC CHARTER SCHOOL, THE ORGANIZATION RECEIVES THE MAJORITY OF ITS FUNDING FROM STATE, FEDERAL AND LOCAL GOVERNMENT ENTITY FUNDS. DURING THE YEAR ENDED JUNE 30, 2021, THE SCHOOL RECEIVED PPP LOAN FORGIVENESS FROM THE US SMALL BUSINESS ADMINISTRATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CHARTER SCHOOL IS A MEMBER OF A CHARTER MANAGEMENT ORGANIZATION - ILEAD SCHOOLS DEVELOPMENT. THEY PAY MANAGEMENT FEES AND SHARE SOME PAID EMPLOYEES. SEE SCHEDULE R FOR MORE INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE A COMMITTEE TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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 IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MONITORING IS PERFORMED REGULARLY BY THE OFFICERS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. ANY QUESTION OF A CONFLICT IS ADDRESSED WITH THE INTERESTED PERSON, WHO IS REQUIRED TO DISCLOSE THE EXISTENCE OF ANY FINANCIAL INTEREST AND BE AFFORDED THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND EXECUTIVE DIRECTOR. IF A CONFLICT OF INTEREST IS IDENTIFIED, THE APPROPRIATE ACTION IS TAKEN, INCLUDING LIMITATIONS TO THE INDIVIDUAL'S INFLUENCE ON RELATED BUSINESS MATTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE COMPENSATION FOR THE ORGANIZATION'S CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL IS DETERMINED BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. COMPENSATION IS REVIEWED AND VOTED UPON BY INDEPENDENT MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7OTHER FEES FOR SERVICES: PROGRAM SERVICE EXPENSES 251,321. MANAGEMENT AND GENERAL EXPENSES 418,726. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 670,047.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01102515
IRS990/TotalAssetsEOYAmt01970844
IRS990/TotalAssetsGrp/BOYAmt01102515
IRS990/TotalAssetsGrp/EOYAmt01970844
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02942283
IRS990/TotalEmployeeCnt035
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0546928
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02081147
IRS990/TotalFunctionalExpensesGrp/TotalAmt02628075
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0784631
IRS990/TotalLiabilitiesEOYAmt01324386
IRS990/TotalLiabilitiesGrp/BOYAmt0784631
IRS990/TotalLiabilitiesGrp/EOYAmt01324386
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0317884
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0646458
IRS990/TotalOtherCompensationAmt0416
IRS990/TotalProgramServiceExpensesAmt02081147
IRS990/TotalReportableCompFromOrgAmt091265
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt014366
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02956649
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01102515
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01970844
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0247400
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0588330
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03720 SIERRA HWY NO A
IRS990/USAddress/CityNm0ACTON
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd093510
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0ILEADAGUADULCE.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRISTINE JOHNSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08009251502
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ILEAD AGUA DULCE
ReturnHeader/Filer/BusinessNameControlTxt0ILEA
ReturnHeader/Filer/EIN0831193415
ReturnHeader/Filer/PhoneNum08009251502
ReturnHeader/Filer/USAddress/AddressLine1Txt03720 SIERRA HWY NO A
ReturnHeader/Filer/USAddress/CityNm0ACTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd093510
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02210 EAST ROUTE 66
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLENDORA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091740
ReturnHeader/PreparerPersonGrp/PhoneNum06268577300
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WADE MCMULLEN
ReturnHeader/ReturnTs02022-05-18T11:18:28-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHRISTINE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0JOHNSON
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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