Civic Intelligence

Vidya Community High School

990 • Fiscal year 2022 • EIN 84-4735565

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 05, 2023

10319 Melvin AvePorter Ranch, CA 91326

(818) 812-1073

Siviq Scores

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

Liabilities / Assets

75th percentile

0.05x

Higher debt load relative to assets than 75% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

59th percentile

0.00x

Higher debt load relative to revenue than 59% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

37th percentile

-1.4%

Higher net margin than 37% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

11th percentile

-45%

Faster asset growth than 11% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

11th percentile

-51%

Faster revenue growth than 11% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$1,880

Down $1,535 (-45%) from 2021

Net Assets

Down

$1,780

Down $1,453 (-45%) from 2021

Liabilities

Down

$100

Down $82 (-45%) from 2021

Revenue

Down

$105,000

Down $110,153 (-51%) from 2021

Expenses

Down

$106,453

Down $129,740 (-55%) from 2021

Net Income

Up

-$1,453

Up $19,587 (+93%) from 2021

Historical Trend

Balance Sheet Trend

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

$30K$20K$10K$0Assets 2020: $24,734Liabilities 2020: $461Net Assets 2020: $24,2732020Assets 2021: $3,415Liabilities 2021: $182Net Assets 2021: $3,2332021Assets 2022: $1,880Liabilities 2022: $100Net Assets 2022: $1,7802022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2022

Assets$1,880
Liabilities$100
Net Assets$1,780

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2020: $128,066Expenses 2020: $104,098Net Income 2020: $23,9682020Revenue 2021: $215,153Expenses 2021: $236,193Net Income 2021: -$21,0402021Revenue 2022: $105,000Expenses 2022: $106,453Net Income 2022: -$1,4532022Revenue 2023: $16,200Expenses 2023: $17,980Net Income 2023: -$1,7802023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2022

Revenue$105,000
Expenses$106,453
Net Income-$1,453
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 5, 2023
Return Version
2022v5.0
Gross Receipts
$105,000
Mission and Program Overview

Mission

Provide secondary education (high school) that fosters the love of learning, discovery of passions, and critical observation of our world. 2020 was the first year of the organization. Accomplishment were a) incorporating the non-profit school; b) conducting summer classes; c) leasing facilities in Sep and d) hiring two staff in Oct.

Due to the pandemic, all operations were suspended in late 2021. Primary activity in 2022 was to closeout contracts and obligations, especially negotiating the termination of school building lease.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,414$1,880▼ $534
Rtn Earn Endowment Incm Other Fnds$3,233$1,780▼ $1,453
Savings and Temporary Cash Investments$1,001$0▼ $1,001
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Prepaid Expenses and Deferred Charges$0--
Total Assets$3,415$1,880▼ $1,535
Liabilities
Accounts Payable and Accrued Expenses$182$100▼ $82
Total Liabilities$182$100▼ $82
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,233$1,780▼ $1,453
Total Liabilities and Net Assets / Fund Balance$3,415$1,880▼ $1,535
Compensation and Service Providers

Board Members and Trustees

NameTitle
Muthu JeganathanPresident
Inna TulerMember
Vicki PittsMember
Meyyappan KannappanSecretary
Alberto OrtegaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$105,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$105,000
Change in Net Assets
$-1,453
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$106,453
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
Occupancy$105,000$0$0$105,000
Fees for Services Other$1,393$214-$1,607
Fees for Services Accounting$0$455-$455
Information Technology$423$0$0$423
Insurance$-1,032$0$0$-1,032
Total Functional Expenses$105,784$669$0$106,453
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
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, Part VI, Section B, Line 11B

Form 990, Part VI, Section B, Line 11b - Preparation of the 990 starts with the completion of the full year financials by the president. The President and the Treasurer work together to complete Form 990, and the Secretary provides inputs. The final version is sent to the Board immediately after submission. All distribution and comments are carried out electronically. With all operations suspended, financial activity is minimal and all accounting is completed by the officers using a streamlined approach.

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

We have a Conflict of Interest policy in place that was filed along with IRS Form 1023. In the first year (2020), all board members were required to acknowledge receipt of the CoI policy and disclose potential conflicts of interests. No update to CoI disclosure was needed.

Form 990, Part VI, Section C, Line 19

Filings such as State Statement of Information (SoI), IRS tax exempt status & information, and 990 forms will always be available for public inspection upon request.

Filing and Contact Details

Filer

Filer Name
Vidya Community High School
EIN
84-4735565
Phone
8188121073
Address
10319 Melvin Ave, Porter Ranch, CA 91326

Signing Officer

Name
Muthu Jeganathan
Title
President
Phone
8188121073
Signed
2023-11-05

Organization Details

Principal Officer
Muthu Jeganathan
Formed
2020
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Due to the pandemic, we were unable to recruit students and thus we suspended all operation in late 2021 and laid off all employees. To minimize future costs, we negotiated and terminated the 3-year lease early for a settlement cost of $105k. In 2023, we will pay the deferred legal fees and administrative costs to close out all legal obligations.

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IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0112222
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt04478
IRS990/PYRevenuesLessExpensesAmt0-21040
IRS990/PYSalariesCompEmpBnftPaidAmt0123971
IRS990/PYTotalExpensesAmt0236193
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0215153
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1453
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03233
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01780
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01001
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The following text appeared on school website as well as all applications and brochures: Vidya does not discriminate on the bases of race, color, national and ethnic origin, or sex in the administration of its educational policies, admission policies, and other school administered programs and activities. But now that all operations are suspended, the website is essentially contentless.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Due to the pandemic, we were unable to recruit students and thus we suspended all operation in late 2021 and laid off all employees. To minimize future costs, we negotiated and terminated the 3-year lease early for a settlement cost of $105k. In 2023, we will pay the deferred legal fees and administrative costs to close out all legal obligations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990, Part VI, Section B, Line 11b - Preparation of the 990 starts with the completion of the full year financials by the president. The President and the Treasurer work together to complete Form 990, and the Secretary provides inputs. The final version is sent to the Board immediately after submission. All distribution and comments are carried out electronically. With all operations suspended, financial activity is minimal and all accounting is completed by the officers using a streamlined approach.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2We have a Conflict of Interest policy in place that was filed along with IRS Form 1023. In the first year (2020), all board members were required to acknowledge receipt of the CoI policy and disclose potential conflicts of interests. No update to CoI disclosure was needed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Filings such as State Statement of Information (SoI), IRS tax exempt status & information, and 990 forms will always be available for public inspection upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 3
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 C, Line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00

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