Civic Intelligence

Foundations Cognitive Schools Inc.

990 • Fiscal year 2022 • EIN 84-4788749

Jan 01, 2022 to Dec 31, 2022 • Filed on Jan 20, 2024

Organization Profilewww.foundationscognitive.org
26333 Oso RoadSan Juan Capistrano, CA 92675

(949) 482-0383

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$227,770

Down $57,164 (-20%) from 2021

Net Assets

Down

$218,324

Down $64,720 (-23%) from 2021

Liabilities

Up

$9,446

Up $7,556 (+400%) from 2021

Revenue And Expenses

Revenue

Up

$771,975

Up $51,084 (+7.1%) from 2021

Expenses

Up

$836,695

Up $86,255 (+11%) from 2021

Net Income

Down

-$64,720

Down $35,171 (-119%) from 2021

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2020: $312,593Liabilities 2020: $0Net Assets 2020: $312,5932020Assets 2021: $284,934Liabilities 2021: $1,890Net Assets 2021: $283,0442021Assets 2022: $321,735Liabilities 2022: $39,912Net Assets 2022: $281,8232022Assets 2022: $227,770Liabilities 2022: $9,446Net Assets 2022: $218,3242022Assets 2023: $231,471Liabilities 2023: $6,335Net Assets 2023: $225,1362023Assets 2024: $119,445Liabilities 2024: $420Net Assets 2024: $119,0252024

Highlighted filing

2022

Assets$227,770
Liabilities$9,446
Net Assets$218,324
Open 2022 Filing

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2020: $658,760Expenses 2020: $346,167Net Income 2020: $312,5932020Revenue 2021: $720,891Expenses 2021: $750,440Net Income 2021: -$29,5492021Revenue 2022: $831,280Expenses 2022: $832,501Net Income 2022: -$1,2212022Revenue 2022: $771,975Expenses 2022: $836,695Net Income 2022: -$64,7202022Revenue 2023: $932,516Expenses 2023: $925,705Net Income 2023: $6,8112023Revenue 2024: $448,720Expenses 2024: $554,831Net Income 2024: -$106,1112024

Highlighted filing

2022

Revenue$771,975
Expenses$836,695
Net Income-$64,720
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jan 20, 2024
Return Version
2022v5.0
Gross Receipts
$771,975
Mission and Program Overview

Mission

Our Mission is to help every child grow to the full potential of who God has created them to be - cognitively, academically, socially, and emotionally. We are a school that works with children with learning challenges or disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$283,044$218,324▼ $64,720
Cash and Non-Interest-Bearing Accounts$224,738$209,348▼ $15,390
Land, Buildings, and Equipment, Net$18,856$11,326▼ $7,530
Accounts Receivable$41,340$7,095▼ $34,245
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$284,934$227,770▼ $57,164
Other Assets Total-$1-
Liabilities
Accounts Payable and Accrued Expenses$1,889$9,446▲ $7,557
Other Liabilities$1--
Total Liabilities$1,890$9,446▲ $7,556
Net Assets / Fund Balance
Total Net Assets Fund Balance$283,044$218,324▼ $64,720
Total Liabilities and Net Assets / Fund Balance$284,934$227,770▼ $57,164

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,326$12,236$23,562
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jimelle CarlsonCFOFT$125,688$125,688
Michelle KrughSecretaryPT$10,000$10,000

Board Members and Trustees

NameTitle
Charles KrughCEO
Revenue and Support

Revenue Composition

Contributions and Grants
$60,525
Program Service Revenue
$711,450
Investment Income
$0
Other Revenue
$0
All Other Contributions
$60,525
Change in Net Assets
$-64,720
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$593,274
Other Expenses$243,421
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$386,995--$386,995
Current Officers, Directors, Trustees, and Key Employees$10,000$125,688-$135,688
Occupancy$126,043--$126,043
Payroll Taxes$43,122--$43,122
Office Expenses-$29,235-$29,235
Other Employee Benefits$27,469--$27,469
Advertising$16,662--$16,662
Fees for Services Other$2,490$9,225-$11,715
Depreciation Depletion-$7,530-$7,530
All Other Expenses$5,482$1,172-$6,654
Fees for Services Accounting-$5,308-$5,308
Insurance$4,251--$4,251
Other Expenses$3,577$4,341-$3,577
Information Technology-$2,693-$2,693
Total Functional Expenses$646,651$190,044$0$836,695
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
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 2

“Chuck and Michelle Krugh are spouses”

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

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Foundations Cognitive Schools Inc
EIN
84-4788749
Phone
9494820383
Address
26333 Oso Road, San Juan Capistrano, CA 92675

Signing Officer

Name
Jimelle Carlson
Title
CFO
Signed
2024-01-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Krugh
Formed
2020
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
0
Employees
20

Preparer

Firm
CFO Business and Tax Services Inc
Address
16 Parterre Ave, Foothill Ranch, CA 92610
Preparer
Gary Clisby
Phone
9492359304
Supplemental Narrative

Additional Explanations

Amended Return Changes

“Part VIIILine 1h Donations contained an additional amount that should have been a part of Program RevenueLine 2a Program Revenue original return amount was overstated due to some tuition payments being posted twice to the records, once as a paid invoice and once as a deposit.Part IXLines 7 & 9 A portion of what was previously reported as Employee Benefits should have been reported as Payroll.Line 10 The actual amount was lower than originally reported due to a processing fee being posted to an incorrect account.Line 11c There was an amount that was reclassified from an incorrect account during review. Lines 13 & 14 A portion of the change was from a reclassification of amounts from line 14 to line 13. The balance came from a Credit Card that had not be reported correctly.Line 24a An additional non-collectable tuition invoice was discovered and included”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Part VIIILine 1h Donations contained an additional amount that should have been a part of Program RevenueLine 2a Program Revenue original return amount was overstated due to some tuition payments being posted twice to the records, once as a paid invoice and once as a deposit.Part IXLines 7 & 9 A portion of what was previously reported as Employee Benefits should have been reported as Payroll.Line 10 The actual amount was lower than originally reported due to a processing fee being posted to an incorrect account.Line 11c There was an amount that was reclassified from an incorrect account during review. Lines 13 & 14 A portion of the change was from a reclassification of amounts from line 14 to line 13. The balance came from a Credit Card that had not be reported correctly.Line 24a An additional non-collectable tuition invoice was discovered and included
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Amended Return Changes
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0284934
IRS990/TotalAssetsEOYAmt0227770
IRS990/TotalAssetsGrp/BOYAmt0284934
IRS990/TotalAssetsGrp/EOYAmt0227770
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt060525
IRS990/TotalEmployeeCnt020
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0190044
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0646651
IRS990/TotalFunctionalExpensesGrp/TotalAmt0836695
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01890
IRS990/TotalLiabilitiesEOYAmt09446
IRS990/TotalLiabilitiesGrp/BOYAmt01890
IRS990/TotalLiabilitiesGrp/EOYAmt09446
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0283044
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0218324
IRS990/TotalProgramServiceExpensesAmt0646651
IRS990/TotalProgramServiceRevenueAmt0711450
IRS990/TotalReportableCompFromOrgAmt0135688
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0711450
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0771975
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0284934
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0227770
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt026333 Oso Road
IRS990/USAddress/CityNm0San Juan Capistrano
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092675
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0www.foundationscognitive.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jimelle Carlson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-01-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Foundations Cognitive Schools Inc
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0844788749
ReturnHeader/Filer/PhoneNum09494820383
ReturnHeader/Filer/USAddress/AddressLine1Txt026333 Oso Road
ReturnHeader/Filer/USAddress/CityNm0San Juan Capistrano
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092675
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0462831658
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CFO Business and Tax Services Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt016 Parterre Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Foothill Ranch
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092610
ReturnHeader/PreparerPersonGrp/PhoneNum09492359304
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Gary Clisby
ReturnHeader/ReturnTs02024-01-20T12:18:49-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Jimelle
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Carlson
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$227,770
Liabilities
$9,446
Net assets
$218,324
Revenue
$771,975
Expenses
$836,695
Net income
-$64,720
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$0.00$1.19$4.49$5.55$1.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.31$0.06$2.25$9.33$9.26$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.22$0.40$2.82$8.31$8.33$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.28$0.09$2.18$7.72$8.37$0.65
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.85$0.02$2.83$7.21$7.50$0.30
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.13$0.00$3.13$6.59$3.46$3.13