Civic Intelligence

Peak Prep Pleasant Valley

990 • Fiscal year 2020 • EIN 84-2636686

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 24, 2022

2150 Pickwick Dr No 304Camarillo, CA 93010

(855) 900-7325

Siviq Scores

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

Liabilities / Assets

89th percentile

0.79x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

78th percentile

0.54x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

66th percentile

14%

Higher net margin than 66% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

46th percentile

$47,128

Higher top officer pay than 46% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$2,120,243

No earlier filing loaded for comparison.

Net Assets

$440,510

No earlier filing loaded for comparison.

Liabilities

$1,679,733

No earlier filing loaded for comparison.

Revenue

$3,107,573

No earlier filing loaded for comparison.

Expenses

$2,667,063

No earlier filing loaded for comparison.

Net Income

$440,510

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2020: $2,120,243Liabilities 2020: $1,679,733Net Assets 2020: $440,5102020Assets 2021: $2,351,906Liabilities 2021: $2,261,951Net Assets 2021: $89,9552021Assets 2022: $3,779,524Liabilities 2022: $1,862,188Net Assets 2022: $1,917,3362022Assets 2023: $2,766,531Liabilities 2023: $306,876Net Assets 2023: $2,459,6552023Assets 2024: $2,713,550Liabilities 2024: $311,656Net Assets 2024: $2,401,8942024

Highlighted filing

2020

Assets$2,120,243
Liabilities$1,679,733
Net Assets$440,510

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2020: $3,107,573Expenses 2020: $2,667,063Net Income 2020: $440,5102020Revenue 2021: $2,623,781Expenses 2021: $2,974,336Net Income 2021: -$350,5552021Revenue 2022: $5,235,350Expenses 2022: $3,407,969Net Income 2022: $1,827,3812022Revenue 2023: $5,458,762Expenses 2023: $4,916,443Net Income 2023: $542,3192023Revenue 2024: $6,873,760Expenses 2024: $6,931,521Net Income 2024: -$57,7612024

Highlighted filing

2020

Revenue$3,107,573
Expenses$2,667,063
Net Income$440,510
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 24, 2022
Return Version
2019v5.2
Gross Receipts
$3,107,573
Mission and Program Overview

Mission

Our school strives to create passionate community leaders, implement an academically rigorous approach to personalized learning, and develop skills for continued, independent learning.

Peak prep pleasant valley is a public charter school serving students in tk to 12th grades.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$0$1,266,336▲ $1,266,336
Pledges and Grants Receivable$0$853,907▲ $853,907
Total Assets$0$2,120,243▲ $2,120,243
Liabilities
Accounts Payable and Accrued Expenses$0$1,679,733▲ $1,679,733
Total Liabilities$0$1,679,733▲ $1,679,733
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$0$440,510▲ $440,510
Total Net Assets Fund Balance$0$440,510▲ $440,510
Total Liabilities and Net Assets / Fund Balance$0$2,120,243▲ $2,120,243
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shalen BishopHead of SchoolFT$46,667$461$47,128

Board Members and Trustees

NameTitle
Jon GundryBoard Chair
Mark SkvarnaVice President
Marlo HurtskuyerDistrict Representative
Johnny AndersonSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,105,538
Program Service Revenue
$0
Investment Income
$1,802
Other Revenue
$233
Change in Net Assets
$440,510

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,107,573
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,107,573
Total Revenue per Form 990
$3,107,573
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,629,218
Other Expenses$1,037,845
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,123,340$110,000-$1,233,340
Other Expenses$444,284--$444,284
Fees for Services Other$313,950$5,723-$319,673
Other Employee Benefits$188,489$44,556-$233,045
All Other Expenses$196,485--$196,485
Current Officers, Directors, Trustees, and Key Employees$113,983$48,850-$162,833
Fees for Services Legal-$53,871-$53,871
Office Expenses-$9,702-$9,702
Occupancy-$9,332-$9,332
Travel$4,498--$4,498
Total Functional Expenses$2,385,029$282,034$0$2,667,063

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,667,063
Total Expenses per Audited Statements$2,667,063
Total Expenses per Form 990$2,667,063
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
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
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 8B

There are no committees with authority 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 15A

The executive director's pay in determined based on data provided by external charter management organizations and through comparison studies of other charter schools. The board must vote to approve the executive director's compensation as a direct action. The officers and key employees' pay is determine based on data provided by external charter management organizations and through comparison studies of other charter schools. The board must vote to approve the officers and key employees' compensation as a direct action.

Form 990, Part VI, Section C, Line 19

Documents and policies are posted on our website and available to the public upon request as is our financial statements.

Filing and Contact Details

Filer

Filer Name
Peak Prep Pleasant Valley
EIN
84-2636686
Phone
8559007325
Address
2150 PICKWICK DR NO 304, CAMARILLO, CA 93010

Signing Officer

Name
Shalen Bishop
Title
Head of School
Phone
4153206202
Signed
2022-02-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shalen Bishop
Formed
2019
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
21
Volunteers
4

Preparer

Firm
Cliftonlarsonallen Llp
Address
2210 EAST ROUTE 66, GLENDORA, CA 91740
Preparer
Mei-li Huang
Phone
6268577300
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Technology services: program service expenses 298,441. Management and general expenses 5,723. Fundraising expenses 0. Total expenses 304,164. Special education fees: program service expenses 15,509. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,509.

FORM 990, PART XII, LINE 2C:

The process has not changed.

Financial Statement Notes

PART X, LINE 2:

The organization is a non-profit entity exempt from the payment of income taxes under internal revenue code section 501(c)(3) and california revenue and taxation code section 23701d. Accordingly, no provision has been made for income taxes. Management has determined that all income tax positions are more likely than not of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required. The organization is subject to income tax on net income that is derived from business activities that are unrelated to the exempt purposes. The organization files an exempt school return and applicable unrelated business income tax return in the u.s. Federal jurisdiction and with the california franchise tax board.

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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/Desc0PEAK PREP PLEASANT VALLEY IS AN ACCREDITED, TUITION-FREE TK-12 PUBLIC ONLINE SCHOOL IN CALIFORNIA THAT USES INNOVATIVE TECHNOLOGY TO HELP STUDENTS THRIVE IN THEIR SCHOOLWORK AND LIFE. AT PEAK PREP, WE EMPOWER STUDENTS TO BE THEIR BEST BY ENABLING THEM TO LEARN IN WAYS THAT ARE RIGHT FOR THEM AT HOME, AT THEIR PROPER LEVEL, AND AT THEIR OWN PACE. WE SERVE TK-12 STUDENTS RESIDING IN KERN, LOS ANGELES, SANTA BARBARA, AND VENTURA COUNTIES.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A NON-PROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE ORGANIZATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THE EXEMPT PURPOSES. THE ORGANIZATION FILES AN EXEMPT SCHOOL RETURN AND APPLICABLE UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS THESE POLICIES IN ITS CHARTER WITH THE STATE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL DOES NOT AWARD SCHOLARSHIPS OR FINANCIAL AID.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2CHARTER SCHOOL RECEIVES FUNDING FOR STATE AND FEDERAL SOURCES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/ExplanationTxt2MONITORING 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/ExplanationTxt3THE EXECUTIVE DIRECTOR'S PAY IN DETERMINED BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE BOARD MUST VOTE TO APPROVE THE EXECUTIVE DIRECTOR'S COMPENSATION AS A DIRECT ACTION. THE OFFICERS AND KEY EMPLOYEES' PAY IS DETERMINE BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE BOARD MUST VOTE TO APPROVE THE OFFICERS AND KEY EMPLOYEES' COMPENSATION AS A DIRECT ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS AND POLICIES ARE POSTED ON OUR WEBSITE AND AVAILABLE TO THE PUBLIC UPON REQUEST AS IS OUR FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TECHNOLOGY SERVICES: PROGRAM SERVICE EXPENSES 298,441. MANAGEMENT AND GENERAL EXPENSES 5,723. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 304,164. SPECIAL EDUCATION FEES: PROGRAM SERVICE EXPENSES 15,509. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,509.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PROCESS HAS NOT CHANGED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt02120243
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt02120243
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03105538
IRS990/TotalEmployeeCnt021
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0282034
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02385029
IRS990/TotalFunctionalExpensesGrp/TotalAmt02667063
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt01679733
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt01679733
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0440510
IRS990/TotalOtherCompensationAmt0461
IRS990/TotalProgramServiceExpensesAmt02385029
IRS990/TotalReportableCompFromOrgAmt046667
IRS990/TotalRevenueGrp/ExclusionAmt01802
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0233
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03107573
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02120243
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt04498
IRS990/TravelGrp/TotalAmt04498
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02150 PICKWICK DR NO 304
IRS990/USAddress/CityNm0CAMARILLO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd093010
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0HTTPS://PEAK-PREP.ORG/
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SHALEN BISHOP
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOL
ReturnHeader/BusinessOfficerGrp/PhoneNum04153206202
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-02-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PEAK PREP PLEASANT VALLEY
ReturnHeader/Filer/BusinessNameControlTxt0PEAK
ReturnHeader/Filer/EIN0842636686
ReturnHeader/Filer/PhoneNum08559007325
ReturnHeader/Filer/USAddress/AddressLine1Txt02150 PICKWICK DR NO 304
ReturnHeader/Filer/USAddress/CityNm0CAMARILLO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd093010
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/PreparationDt02022-02-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MEI-LI HUANG
ReturnHeader/ReturnTs02022-02-25T20:21:42-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

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