Civic Intelligence

Foundations Cognitive Schools Inc.

990 • Fiscal year 2024 • EIN 84-4788749

Jan 01, 2024 to Dec 31, 2024 • Filed on May 12, 2025

Organization Profilewww.foundationscognitive.org
30161-B Avenida de las BanderasRancho Santa Margarita, CA 92688

(949) 482-0383

Siviq Scores

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

Liabilities / Assets

61st percentile

0.00x

Higher debt load relative to assets than 61% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

59th percentile

0.00x

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

17th percentile

-24%

Higher net margin than 17% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

95th percentile

$69,667

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 15.5% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

12th percentile

-48%

Faster asset growth than 12% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

10th percentile

-52%

Faster revenue growth than 10% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets61st percentile

Assets

Down

$119,445

Down $112,026 (-48%) from 2023

Net Assets

Down

$119,025

Down $106,111 (-47%) from 2023

Liabilities

Down

$420

Down $5,915 (-93%) from 2023

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin17th percentile

Revenue

Down

$448,720

Down $483,796 (-52%) from 2023

Expenses

Down

$554,831

Down $370,874 (-40%) from 2023

Net Income

Down

-$106,111

Down $112,922 (-1658%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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 2023: $231,471Liabilities 2023: $6,335Net Assets 2023: $225,1362023Assets 2024: $119,445Liabilities 2024: $420Net Assets 2024: $119,0252024

Highlighted filing

2024

Assets$119,445
Liabilities$420
Net Assets$119,025
Open 2024 Filing

Operations Trend

Revenue Growth10th percentile

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 2023: $932,516Expenses 2023: $925,705Net Income 2023: $6,8112023Revenue 2024: $448,720Expenses 2024: $554,831Net Income 2024: -$106,1112024

Highlighted filing

2024

Revenue$448,720
Expenses$554,831
Net Income-$106,111
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.1
Gross Receipts
$448,720
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$225,136$119,025▼ $106,111
Cash and Non-Interest-Bearing Accounts$222,121$72,176▼ $149,945
Other Notes and Loans Receivable, Net-$37,500-
Land, Buildings, and Equipment, Net$6,808$4,097▼ $2,711
Accounts Receivable$2,542$2,657▲ $115
Savings and Temporary Cash Investments-$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$231,471$119,445▼ $112,026
Other Assets Total-$3,015-
Liabilities
Accounts Payable and Accrued Expenses$6,335$420▼ $5,915
Total Liabilities$6,335$420▼ $5,915
Net Assets / Fund Balance
Total Net Assets Fund Balance$225,136$119,025▼ $106,111
Total Liabilities and Net Assets / Fund Balance$231,471$119,445▼ $112,026

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,097$19,465$23,562
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jimelle CarlsonCFOFT$69,667$69,667

Board Members and Trustees

NameTitle
Charles KrughCEO
Michelle KrughSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$79,363
Program Service Revenue
$358,841
Investment Income
$10,516
Other Revenue
$0
All Other Contributions
$36,000
Change in Net Assets
$-106,111
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$338,819
Other Expenses$216,012
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$227,278--$227,278
Occupancy$89,831--$89,831
Current Officers, Directors, Trustees, and Key Employees$5,000$64,667-$69,667
Office Expenses-$62,477-$62,477
Payroll Taxes$25,656--$25,656
Advertising-$20,407-$20,407
Information Technology-$17,091-$17,091
Other Employee Benefits$16,218--$16,218
All Other Expenses$1,600$2,206-$3,806
Fees for Services Accounting-$3,173-$3,173
Depreciation Depletion-$2,711-$2,711
Other Expenses$2,205$2,494-$2,205
Insurance-$1,160-$1,160
Total Functional Expenses$375,237$179,594$0$554,831
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
30161-B Avenida de las Banderas, Rancho Santa Margarita, CA 92688

Signing Officer

Name
Jimelle Carlson
Title
CFO
Signed
2025-05-12
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
16

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”

Raw XML Appendix365 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt06335
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0420
IRS990/AccountsReceivableGrp/BOYAmt02542
IRS990/AccountsReceivableGrp/EOYAmt02657
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Our 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.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt020407
IRS990/AdvertisingGrp/TotalAmt020407
IRS990/AllOtherContributionsAmt036000
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt02206
IRS990/AllOtherExpensesGrp/ProgramServicesAmt01600
IRS990/AllOtherExpensesGrp/TotalAmt03806
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Jimelle Carlson
IRS990/BooksInCareOfDetail/PhoneNum09494820383
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt030161-B Avenida delas Banderas
IRS990/BooksInCareOfDetail/USAddress/CityNm0Rancho Santa Margarita
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd092688
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0222121
IRS990/CashNonInterestBearingGrp/EOYAmt072176
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt064667
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt05000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt069667
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt079363
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt010516
IRS990/CYOtherExpensesAmt0216012
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0358841
IRS990/CYRevenuesLessExpensesAmt0-106111
IRS990/CYSalariesCompEmpBnftPaidAmt0338819
IRS990/CYTotalExpensesAmt0554831
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0448720
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt02711
IRS990/DepreciationDepletionGrp/TotalAmt02711
IRS990/Desc0Classroom instruction to transform the brain, establishing capabilities that did not previously exist and, thus, begin to instill a newfound confidence and a love of learning. by strengthening cognitive capacities, students are able to work through tasks which were once incredibly challenging for them. In addition to its scientific approach to cognitive improvement, Foundations includes state-certified reading and mathematics programs. When combined with the cognitive exercises, these programs have helped many of our students achieve dramatic improvement in reading, writing and math.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt016
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0375237
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03173
IRS990/FeesForServicesAccountingGrp/TotalAmt03173
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0Jimelle Carlson
IRS990/Form990PartVIISectionAGrp/PersonNm1Charles Krugh
IRS990/Form990PartVIISectionAGrp/PersonNm2Michelle Krugh
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt069667
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02020
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GovernmentGrantsAmt043363
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0448720
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt017091
IRS990/InformationTechnologyGrp/TotalAmt017091
IRS990/InsuranceGrp/ManagementAndGeneralAmt01160
IRS990/InsuranceGrp/TotalAmt01160
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt010516
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010516
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt019465
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06808
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04097
IRS990/LandBldgEquipCostOrOtherBssAmt023562
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MissionDesc0Our 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0225136
IRS990/NetAssetsOrFundBalancesEOYAmt0119025
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt089831
IRS990/OccupancyGrp/TotalAmt089831
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt062477
IRS990/OfficeExpensesGrp/TotalAmt062477
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt03015
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt016218
IRS990/OtherEmployeeBenefitsGrp/TotalAmt016218
IRS990/OtherExpensesGrp/Desc0Field Trip Expenses
IRS990/OtherExpensesGrp/Desc1Merchant Account Fees
IRS990/OtherExpensesGrp/Desc2Administration Expenses
IRS990/OtherExpensesGrp/Desc3School Supplies & Curriculum
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03208
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12494
IRS990/OtherExpensesGrp/ProgramServicesAmt07449
IRS990/OtherExpensesGrp/ProgramServicesAmt12205
IRS990/OtherExpensesGrp/TotalAmt07449
IRS990/OtherExpensesGrp/TotalAmt13208
IRS990/OtherExpensesGrp/TotalAmt22494
IRS990/OtherExpensesGrp/TotalAmt32205
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0227278
IRS990/OtherSalariesAndWagesGrp/TotalAmt0227278
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt037500
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt025656
IRS990/PayrollTaxesGrp/TotalAmt025656
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Charles Krugh
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0Tuition & Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0358841
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0358841
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt099855
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0255821
IRS990/PYProgramServiceRevenueAmt0832661
IRS990/PYRevenuesLessExpensesAmt06811
IRS990/PYSalariesCompEmpBnftPaidAmt0669884
IRS990/PYTotalExpensesAmt0925705
IRS990/PYTotalRevenueAmt0932516
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-106111
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0225136
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0119025
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/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt04097
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019465
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt023562
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04097
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0false
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0No records kept, not deemed necessary
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Chuck and Michelle Krugh are spouses
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Amended Return Changes
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0231471
IRS990/TotalAssetsEOYAmt0119445
IRS990/TotalAssetsGrp/BOYAmt0231471
IRS990/TotalAssetsGrp/EOYAmt0119445
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt079363
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0179594
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0375237
IRS990/TotalFunctionalExpensesGrp/TotalAmt0554831
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06335
IRS990/TotalLiabilitiesEOYAmt0420
IRS990/TotalLiabilitiesGrp/BOYAmt06335
IRS990/TotalLiabilitiesGrp/EOYAmt0420
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0225136
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0119025
IRS990/TotalProgramServiceExpensesAmt0375237
IRS990/TotalProgramServiceRevenueAmt0358841
IRS990/TotalReportableCompFromOrgAmt069667
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0369357
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0448720
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0231471
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0119445
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt030161-B Avenida de las Banderas
IRS990/USAddress/CityNm0Rancho Santa Margarita
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092688
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0www.foundationscognitive.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jimelle Carlson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Foundations Cognitive Schools Inc
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0844788749
ReturnHeader/Filer/PhoneNum09494820383
ReturnHeader/Filer/USAddress/AddressLine1Txt030161-B Avenida de las Banderas
ReturnHeader/Filer/USAddress/CityNm0Rancho Santa Margarita
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092688
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/ReturnTs02025-05-12T16:36:03-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$119,445
Liabilities
$420
Net assets
$119,025
Revenue
$448,720
Expenses
$554,831
Net income
-$106,111
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$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
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