Civic Intelligence

Monarch River Academy

990 • Fiscal year 2021 • EIN 83-4510641

Jul 01, 2020 to Jun 30, 2021 • Filed on May 13, 2022

3610 E Ashlan AvenueFresno, CA 93726

(559) 258-0811

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.64x

Higher debt load relative to assets than 83% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

63rd percentile

0.37x

Higher debt load relative to revenue than 63% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

55th percentile

15%

Higher net margin than 55% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

42nd percentile

$149,887

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

95th percentile

93%

Faster asset growth than 95% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

55th percentile

16%

Faster revenue growth than 55% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$5,808,346

Up $2,800,872 (+93%) from 2020

Net Assets

Up

$2,073,665

Up $1,466,344 (+241%) from 2020

Liabilities

Up

$3,734,681

Up $1,334,528 (+56%) from 2020

Revenue

Up

$10,063,283

Up $1,354,023 (+16%) from 2020

Expenses

Up

$8,596,939

Up $495,000 (+6.1%) from 2020

Net Income

Up

$1,466,344

Up $859,023 (+141%) from 2020

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2020: $3,007,474Liabilities 2020: $2,400,153Net Assets 2020: $607,3212020Assets 2021: $5,808,346Liabilities 2021: $3,734,681Net Assets 2021: $2,073,6652021Assets 2022: $4,296,707Liabilities 2022: $1,149,655Net Assets 2022: $3,147,0522022Assets 2023: $6,504,783Liabilities 2023: $2,039,849Net Assets 2023: $4,464,9342023Assets 2024: $7,329,417Liabilities 2024: $2,262,654Net Assets 2024: $5,066,7632024

Highlighted filing

2021

Assets$5,808,346
Liabilities$3,734,681
Net Assets$2,073,665

Operations Trend

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

$30M$20M$10M$0Revenue 2020: $8,709,260Expenses 2020: $8,101,939Net Income 2020: $607,3212020Revenue 2021: $10,063,283Expenses 2021: $8,596,939Net Income 2021: $1,466,3442021Revenue 2022: $12,969,961Expenses 2022: $11,896,574Net Income 2022: $1,073,3872022Revenue 2023: $18,799,518Expenses 2023: $17,481,636Net Income 2023: $1,317,8822023Revenue 2024: $20,996,737Expenses 2024: $20,394,908Net Income 2024: $601,8292024

Highlighted filing

2021

Revenue$10,063,283
Expenses$8,596,939
Net Income$1,466,344
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 13, 2022
Return Version
2020v4.2
Gross Receipts
$10,063,283
Mission and Program Overview

Mission

Develop the individual gifts of students in tulare county and adjacent counties to become proficient in common core state standards and become critical things, responsible citizens, and innovative leaders prepared for academic and real-life achievement in the 21st century.

Operation of a public charter school in tulare county serving grades k-12.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$2,569,282$3,916,386▲ $1,347,104
Cash and Non-Interest-Bearing Accounts$380,929$1,609,914▲ $1,228,985
Land, Buildings, and Equipment, Net$0$226,410▲ $226,410
Prepaid Expenses and Deferred Charges$57,263$55,636▼ $1,627
Savings and Temporary Cash Investments$0--
Total Assets$3,007,474$5,808,346▲ $2,800,872
Liabilities
Mortgage Notes Payable Secured by Investment Property$610,900$2,387,700▲ $1,776,800
Accounts Payable and Accrued Expenses$1,213,780$1,061,177▼ $152,603
Unsecured Notes Loans Payable$575,473$0▼ $575,473
Deferred Revenue-$285,804-
Total Liabilities$2,400,153$3,734,681▲ $1,334,528
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$607,321$2,073,665▲ $1,466,344
Total Net Assets Fund Balance$607,321$2,073,665▲ $1,466,344
Total Liabilities and Net Assets / Fund Balance$3,007,474$5,808,346▲ $2,800,872

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$226,410-$226,410
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laurie GoodmanExecutive DirectorFT$128,658$21,229$149,887
Stephanie JohnsonPrincipalFT$101,504$16,748$118,252

Board Members and Trustees

NameTitle
Sam NofzigerPresident
Ashley WiensMember
Sarah SanchezMember
Craig WheatonSecretary
Monique OuwingaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Provenance Dba Inspire SchoolsManagement Services1740 HUNTINGTON DR STE 205, Duarte, CA 91010$1,252,016
Global TeletherapyOnline Therapy1777 REISTERSTOWN RD SUITE 165-R, Pikesville, MD 21208$198,665
Revenue and Support

Revenue Composition

Contributions and Grants
$10,061,413
Program Service Revenue
$0
Investment Income
$1,870
Other Revenue
$0
All Other Contributions
$10,392
Change in Net Assets
$1,466,344

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,063,283
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$10,063,283
Total Revenue per Form 990
$10,063,283
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,680,025
Other Expenses$3,916,914
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,151,076$112,335-$3,263,411
Fees for Services Management$671,884$230,740-$902,624
Pension Plan Contributions$783,847$33,814-$817,661
Fees for Services Other$359,124$28,370-$387,494
Other Employee Benefits$307,807$13,880-$321,687
Other Expenses$534,472$242,873-$242,873
Current Officers, Directors, Trustees, and Key Employees$145,200$36,300-$181,500
Fees for Services Accounting$85,118$94,855-$179,973
Interest-$108,200-$108,200
Payroll Taxes$91,634$4,132-$95,766
Insurance$73,990$3,336-$77,326
Conferences and Meetings$23,819--$23,819
Fees for Services Legal-$20,330-$20,330
Office Expenses$4,376$8,818-$13,194
Travel$10,437--$10,437
Information Technology$1,599$72-$1,671
Advertising$1,531$69-$1,600
Total Functional Expenses$7,649,726$947,213$0$8,596,939

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,596,939
Total Expenses per Audited Statements$8,596,939
Total Expenses per Form 990$8,596,939
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
No

Governance Explanations

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

The board of directors receives a copy of the form 990 for review before it is filed with the irs.

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

Board members and key employees are required to complete and file with the county office of education, form 700- conflict of interest form, on an annual basis in order to vreify that there is no financial conflict of interest preventing them from serving on the board.

Form 990, Part VI, Section B, Line 15

Salaries are reviewed and approved by the board of directors to ensure they are in line with comparable positions in the region and the school's overall operating budget.

Form 990, Part VI, Section C, Line 18

Documents are available upon request.

Form 990, Part VI, Section C, Line 19

Upon request, the organization's governing documents, conflict of interest policy, and financial statements will be made available.

Filing and Contact Details

Filer

Filer Name
Monarch River Academy
EIN
83-4510641
Phone
5592580811
Address
3610 E ASHLAN AVENUE, FRESNO, CA 93726

Signing Officer

Name
Dr Laurie Goodman
Title
Executive Director
Phone
5592580811
Signed
2022-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Laurie Goodman
Formed
2019
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
86
Volunteers
5

Preparer

Firm
Christy White Associates
Address
348 OLIVE STREET, SAN DIEGO, CA 92103
Preparer
Marcy Kearney
Phone
6192708222
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Management believes all of its significant tax positions would be upheld under examination; therefore, no provision for income tax has been recorded.

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IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0607321
IRS990/PYSalariesCompEmpBnftPaidAmt03618100
IRS990/PYTotalExpensesAmt08101939
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08709260
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01466344
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0226410
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0226410
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt08596939
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt010063283
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT BELIEVES ALL OF ITS SIGNIFICANT TAX POSITIONS WOULD BE UPHELD UNDER EXAMINATION; THEREFORE, NO PROVISION FOR INCOME TAX HAS BEEN RECORDED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0226410
IRS990ScheduleD/TotalExpensesPerForm990Amt08596939
IRS990ScheduleD/TotalRevenuePerForm990Amt010063283
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010063283
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08596939
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/ExplanationTxt0THE ORGANIZATION PUBLICIZED ITS POLICY ON ITS WEBSITE. PURSUANT TO CALIFORNIA STATE LAW, AS A CHARTER SCHOOL, THE ORGANIZATION IS REQUIRED TO BE NON-DISCRIMINATORY AS A MATTER OF POLICY AS STATED IN ITS CHARTER PETITION.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS A PUBLIC CHARTER SCHOOL WHICH OPERATES TUITION-FREE; THEREFORE, SCHOLARSHIPS AND FINANCIAL ASSISTANCE ARE NOT APPLICABLE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2AS PART OF ITS OPERATION AS A PUBLIC CHARTER SCHOOL, THE ORGANIZATION RECEIVES FINANCIAL ASSISTANCE FROM THE CALIFORNIA DEPARTMENT OF EDUCATION AS WELL AS LOCAL PROPERTY TAX REVENUE PASSED-THROUGH THE ALTA VISTA ELEMENTARY SCHOOL DISTRICT. ADDITIONALLY, GOVERNMENTAL AID FOR SPECIAL EDUCATION PROGRAMS ARE PASSED-THROUGH THE EL DORADO SELPA.
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/ExplanationTxt0THE BOARD OF DIRECTORS RECEIVES A COPY OF THE FORM 990 FOR REVIEW BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE AND FILE WITH THE COUNTY OFFICE OF EDUCATION, FORM 700- CONFLICT OF INTEREST FORM, ON AN ANNUAL BASIS IN ORDER TO VREIFY THAT THERE IS NO FINANCIAL CONFLICT OF INTEREST PREVENTING THEM FROM SERVING ON THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SALARIES ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS TO ENSURE THEY ARE IN LINE WITH COMPARABLE POSITIONS IN THE REGION AND THE SCHOOL'S OVERALL OPERATING BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST, THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS WILL BE MADE AVAILABLE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03007474
IRS990/TotalAssetsEOYAmt05808346
IRS990/TotalAssetsGrp/BOYAmt03007474
IRS990/TotalAssetsGrp/EOYAmt05808346
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt010061413
IRS990/TotalEmployeeCnt086
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0947213
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07649726
IRS990/TotalFunctionalExpensesGrp/TotalAmt08596939
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02400153
IRS990/TotalLiabilitiesEOYAmt03734681
IRS990/TotalLiabilitiesGrp/BOYAmt02400153
IRS990/TotalLiabilitiesGrp/EOYAmt03734681
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0607321
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02073665
IRS990/TotalOtherCompensationAmt037977
IRS990/TotalProgramServiceExpensesAmt07649726
IRS990/TotalReportableCompFromOrgAmt0230162
IRS990/TotalRevenueGrp/ExclusionAmt01870
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt010063283
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03007474
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05808346
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt010437
IRS990/TravelGrp/TotalAmt010437
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0575473
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/USAddress/AddressLine1Txt03610 E ASHLAN AVENUE
IRS990/USAddress/CityNm0FRESNO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd093726
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0MONARCHRIVERACADEMY.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/PersonNm0DR LAURIE GOODMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05592580811
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MONARCH RIVER ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0MONA

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