Civic Intelligence

Rgec Inc.

990 • Fiscal year 2013 • EIN 85-0471881

Jul 01, 2012 to Jun 30, 2013 • Filed on May 13, 2014

6260 Riverside Plaza Lane NW No A87120
Siviq Scores

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

Liabilities / Assets

98th percentile

1.98x

Higher debt load relative to assets than 98% of similar nonprofits.

2013 filings • NTEE B • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

73rd percentile

16%

Faster asset growth than 73% of similar nonprofits.

2013 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$372,572

Up $51,584 (+16%) from 2012

Net Assets

Down

-$366,413

Down $158,781 (-76%) from 2012

Liabilities

Up

$738,985

Up $210,365 (+40%) from 2012

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$2,085,427

Up $60,991 (+3.0%) from 2012

Net Income

-

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.

$15M$10M$5.0M$0-$5.0MAssets 2010: $323,456Liabilities 2010: $546,316Net Assets 2010: -$222,8602010Assets 2011: $544,292Liabilities 2011: $580,565Net Assets 2011: -$36,2732011Assets 2012: $320,988Liabilities 2012: $528,620Net Assets 2012: -$207,6322012Assets 2013: $372,572Liabilities 2013: $738,985Net Assets 2013: -$366,4132013Assets 2014: $527,823Liabilities 2014: $1,069,272Net Assets 2014: -$541,4492014Assets 2015: $749,495Liabilities 2015: $831,906Net Assets 2015: -$82,4112015Assets 2016: $1,086,706Liabilities 2016: $683,749Net Assets 2016: $402,9572016Assets 2017: $1,643,028Liabilities 2017: $958,403Net Assets 2017: $684,6252017Assets 2018: $743,757Liabilities 2018: $908,598Net Assets 2018: -$164,8412018Assets 2019: $765,355Liabilities 2019: $836,418Net Assets 2019: -$71,0632019Assets 2020: $1,030,639Liabilities 2020: $804,546Net Assets 2020: $226,0932020Assets 2021: $838,327Liabilities 2021: $897,530Net Assets 2021: -$59,2032021Assets 2022: $7,884,726Liabilities 2022: $6,986,765Net Assets 2022: $897,9612022Assets 2023: $8,973,206Liabilities 2023: $3,654,355Net Assets 2023: $5,318,8512023Assets 2024: $10,409,717Liabilities 2024: $983,251Net Assets 2024: $9,426,4662024

Highlighted filing

2013

Assets$372,572
Liabilities$738,985
Net Assets-$366,413

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $1,031,2182010Expenses 2011: $1,523,5332011Expenses 2012: $2,024,4362012Expenses 2013: $2,085,4272013Revenue 2014: $2,353,657Expenses 2014: $2,528,697Net Income 2014: -$175,0402014Revenue 2015: $2,730,310Expenses 2015: $2,271,272Net Income 2015: $459,0382015Revenue 2016: $3,122,717Expenses 2016: $2,622,032Net Income 2016: $500,6852016Revenue 2017: $3,686,223Expenses 2017: $3,274,624Net Income 2017: $411,5992017Revenue 2018: $3,771,690Expenses 2018: $4,621,156Net Income 2018: -$849,4662018Revenue 2019: $4,225,107Expenses 2019: $4,112,354Net Income 2019: $112,7532019Revenue 2020: $3,815,456Expenses 2020: $3,518,300Net Income 2020: $297,1562020Revenue 2021: $2,055,169Expenses 2021: $2,009,972Net Income 2021: $45,1972021Revenue 2022: $6,240,869Expenses 2022: $4,818,517Net Income 2022: $1,422,3522022Revenue 2023: $10,143,678Expenses 2023: $5,985,825Net Income 2023: $4,157,8532023Revenue 2024: $9,926,016Expenses 2024: $6,250,579Net Income 2024: $3,675,4372024

Highlighted filing

2013

Revenue-
Expenses$2,085,427
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
May 13, 2014
Return Version
2012v2.1
Gross Receipts
$1,926,650
Mission and Program Overview

Mission

Our mission is to leverage resources and opportunities to create a continuum of services to support the social and academic dreams of children, their families and their communities.

Major Activities

Activity 2
The rgec afterschool programs operate in 19 elementary and middle schools in the albuquerque public schools district. Hours of operation range from 2:00pm to 6:00pm monday thru friday during the school year, and offers an enrichment model of services. This includes homework help, and academic enrichment in small groups to ensure proper student to teacher ratios are maintained. We use certified school teachers to help deliver our services to ensure programs are of "high quality". The number of students registered in our programs are 742, and the total number of staff employed by our programs are 69.
Activity 3
The children youth and family department cyfd program works hand in hand with the before and afterschool because it allows us to work with kids who normally could not attend program due to the fees we charge for services. Cyfd supports programming by qualifying parents to receive the child care subsidies based on parent qualifications. Under the cyfd reimbursements the rgec before and afterschool programs have 62 contracts in place, and we have certified 9 of our schools to be cyfd licensed sites.
Filing and Contact Details

Filer

EIN
85-0471881
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IRS990/Activity2/Description0THE RGEC AFTERSCHOOL PROGRAMS OPERATE IN 19 ELEMENTARY AND MIDDLE SCHOOLS IN THE ALBUQUERQUE PUBLIC SCHOOLS DISTRICT. HOURS OF OPERATION RANGE FROM 2:00PM TO 6:00PM MONDAY THRU FRIDAY DURING THE SCHOOL YEAR, AND OFFERS AN ENRICHMENT MODEL OF SERVICES. THIS INCLUDES HOMEWORK HELP, AND ACADEMIC ENRICHMENT IN SMALL GROUPS TO ENSURE PROPER STUDENT TO TEACHER RATIOS ARE MAINTAINED. WE USE CERTIFIED SCHOOL TEACHERS TO HELP DELIVER OUR SERVICES TO ENSURE PROGRAMS ARE OF "HIGH QUALITY". THE NUMBER OF STUDENTS REGISTERED IN OUR PROGRAMS ARE 742, AND THE TOTAL NUMBER OF STAFF EMPLOYED BY OUR PROGRAMS ARE 69.
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IRS990/Activity3/Description0THE CHILDREN YOUTH AND FAMILY DEPARTMENT CYFD PROGRAM WORKS HAND IN HAND WITH THE BEFORE AND AFTERSCHOOL BECAUSE IT ALLOWS US TO WORK WITH KIDS WHO NORMALLY COULD NOT ATTEND PROGRAM DUE TO THE FEES WE CHARGE FOR SERVICES. CYFD SUPPORTS PROGRAMMING BY QUALIFYING PARENTS TO RECEIVE THE CHILD CARE SUBSIDIES BASED ON PARENT QUALIFICATIONS. UNDER THE CYFD REIMBURSEMENTS THE RGEC BEFORE AND AFTERSCHOOL PROGRAMS HAVE 62 CONTRACTS IN PLACE, AND WE HAVE CERTIFIED 9 OF OUR SCHOOLS TO BE CYFD LICENSED SITES.
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IRS990/ActivityOrMissionDescription0PROVIDE HIGH-QUALITY, ACADEMIC-BASED AFTER SCHOOL PROGRAMS.
IRS990/ActivityOther/Description0SUPPLEMENTAL EDUCATION SERVICES SES PROGRAM IS A TUTORING SERVICE THAT RGEC PROVIDES TO THOSE TITLE I SCHOOLS ON SCHOOL IMPROVEMENT YEAR 2 AND BEYOND ACCORDING TO NCLB (NO CHILD LEFT BEHIND) RATING AS OUTLINED BY THE STATE OF NEW MEXICO DEPARTMENT OF EDUCATION. TUTORING IS DELIVERED AT THE SCHOOLS IN SMALL GROUPS OF 3 TO 1 STUDENT TEACHER RATIOS. THIS TUTORING IS NOT HOMEWORK HELP IT IS CURRICULUM BASED AND TAILORED TO EACH STUDENT BEING TUTORED. SEVENTY FIVE PERCENT OF TUTORING MUST BE COMPLETED BEFORE THE DISTRICTS TEST WINDOW IN MID-MARCH.
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0RGEC IS A NONPROFIT ORGANIZATION AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. RGEC HAS ADOPTED ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, AS THEY RELATE TO UNCERTAIN TAX POSITIONS AND HAS EVALUATED ITS TAX POSITIONS TAKEN FOR OPEN TAX YEARS. CURRENTLY, THE 2010, 2011 AND 2012 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND NEW MEXICO TAXATION AND REVENUE DEPARTMENT. MANAGEMENT BELIEVES THAT THE ACTIVITIES OF RGEC ARE WITHIN THEIR TAX-EXEMPT PURPOSE, AND THAT THERE ARE NO UNCERTAIN TAX POSITIONS. ANY INTEREST AND PENALTIES RECOGNIZED ASSOCIATED WITH A TAX POSITION ARE CLASSIFIED AS CURRENT IN RGEC'S FINANCIAL STATEMENTS. THERE WERE NO INTEREST OR PENALTIES RECORDED AS OF JUNE 30, 2013.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0PART X, LINE 2:
IRS990ScheduleD/LeaseholdImprovements/BookValue017179
IRS990ScheduleD/LeaseholdImprovements/Depreciation020301
IRS990ScheduleD/LeaseholdImprovements/OtherCostOrOtherBasis037480
IRS990ScheduleD/OtherLiabilities/Amount073248
IRS990ScheduleD/OtherLiabilities/Amount11642
IRS990ScheduleD/OtherLiabilities/Amount22666
IRS990ScheduleD/OtherLiabilities/Amount35280
IRS990ScheduleD/OtherLiabilities/Description0PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilities/Description1CREDIT CARDS
IRS990ScheduleD/OtherLiabilities/Description2BANK OVERDRAFT
IRS990ScheduleD/OtherLiabilities/Description3ACCRUED VACATION
IRS990ScheduleD/RevenueNotRptdF99000
IRS990ScheduleD/RevenueNotRptdOnFinStmt00
IRS990ScheduleD/RevenueSubtotal01926650
IRS990ScheduleD/TotalExpensesPerForm99002085427
IRS990ScheduleD/TotalOfAmounts082836
IRS990ScheduleD/TotalOfBookValueLandBuildings043293
IRS990ScheduleD/TotalRevenuePerForm99001926650
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt02085427
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt01926650
IRS990ScheduleJ/AnyNonFixedPayments00
IRS990ScheduleJ/CompBasedNetEarningsFilingOrg00
IRS990ScheduleJ/CompBasedNetEarningsRelateOrgs00
IRS990ScheduleJ/CompBasedOnRevenueOfFilingOrg00
IRS990ScheduleJ/CompBasedOnRevenueRelatedOrgs00
IRS990ScheduleJ/EquityBasedCompArrangement00
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg0100000
IRS990ScheduleJ/Form990ScheduleJPartII/BonusFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/BonusRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs022354
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990FilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990RelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompFilingOrg015185
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson0PETER SANCHEZ
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs013399
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/Title0CHIEF EXECUTIVE OFFICER
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg0115185
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs035753
IRS990ScheduleJ/InitialContractException00
IRS990/ScheduleJRequired01
IRS990ScheduleJ/SeverancePayment00
IRS990ScheduleJ/SupplementalNonqualRetirePlan00
IRS990ScheduleL/LoanTable/ApprovedByBoard01
IRS990ScheduleL/LoanTable/BalanceDue026300
IRS990ScheduleL/LoanTable/Default00
IRS990ScheduleL/LoanTable/LoanToOrganization0X
IRS990ScheduleL/LoanTable/NamePerson0PETER SANCHEZ
IRS990ScheduleL/LoanTable/OriginalPrincipalAmount035925
IRS990ScheduleL/LoanTable/PurposeOfLoan0TO BRIDGE A GAP UNTIL RECEIPT OF GRANT REIMBURSEMENT.
IRS990ScheduleL/LoanTable/WrittenAgreement00
IRS990ScheduleL/TotalBalanceDue026300

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.4$0.98$9.43$9.93$6.25$3.68
2023Detailed filing. Detailed filing data is available for this year.$8.97$3.65$5.32$10.1$5.99$4.16
2022Detailed filing. Detailed filing data is available for this year.$7.88$6.99$0.90$6.24$4.82$1.42
2021Detailed filing. Detailed filing data is available for this year.$0.84$0.90$0.06$2.06$2.01$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.03$0.80$0.23$3.82$3.52$0.30
2019Detailed filing. Detailed filing data is available for this year.$0.77$0.84$0.07$4.23$4.11$0.11
2018Summary only. Only limited summary data is available for this year.$0.74$0.91$0.16$3.77$4.62$0.85
2017Detailed filing. Detailed filing data is available for this year.$1.64$0.96$0.68$3.69$3.27$0.41
2016Detailed filing. Detailed filing data is available for this year.$1.09$0.68$0.40$3.12$2.62$0.50
2015Detailed filing. Detailed filing data is available for this year.$0.75$0.83$0.08$2.73$2.27$0.46
2014Detailed filing. Detailed filing data is available for this year.$0.53$1.07$0.54$2.35$2.53$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.74$0.37$2.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.53$0.21$2.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.58$0.04$1.52
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.55$0.22$1.03