Civic Intelligence

Cheder Scholarship Organization Inc.

990 • Fiscal year 2020 • EIN 86-0953552

Jul 01, 2019 to Jun 30, 2020 • Filed on Mar 26, 2021

3718 E River Road No 100Tucson, AZ 85718

(520) 529-3888

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.53x

Higher debt load relative to assets than 82% of similar nonprofits.

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

Liabilities / Revenue

75th percentile

0.44x

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

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

Net Margin

18th percentile

-15%

Higher net margin than 18% of similar nonprofits.

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

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

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

Asset Growth

4th percentile

-21%

Faster asset growth than 4% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

30th percentile

-12%

Faster revenue growth than 30% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$840,112

Down $226,831 (-21%) from 2019

Net Assets

Down

$395,713

Down $153,523 (-28%) from 2019

Liabilities

Down

$444,399

Down $73,308 (-14%) from 2019

Revenue

Down

$1,010,537

Down $142,039 (-12%) from 2019

Expenses

Up

$1,164,060

Up $106,981 (+10%) from 2019

Net Income

Down

-$153,523

Down $249,020 (-261%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $1,259,179Liabilities 2010: $366,531Net Assets 2010: $892,6482010Assets 2011: $958,273Liabilities 2011: $776,902Net Assets 2011: $181,3712011Assets 2012: $681,717Liabilities 2012: $594,035Net Assets 2012: $87,6822012Assets 2013: $851,868Liabilities 2013: $716,304Net Assets 2013: $135,5642013Assets 2014: $964,789Liabilities 2014: $196,919Net Assets 2014: $767,8702014Assets 2015: $1,071,036Liabilities 2015: $715,914Net Assets 2015: $355,1222015Assets 2016: $1,211,139Liabilities 2016: $728,907Net Assets 2016: $482,2322016Assets 2017: $1,170,339Liabilities 2017: $751,324Net Assets 2017: $419,0152017Assets 2018: $1,056,915Liabilities 2018: $603,176Net Assets 2018: $453,7392018Assets 2019: $1,066,943Liabilities 2019: $517,707Net Assets 2019: $549,2362019Assets 2020: $840,112Liabilities 2020: $444,399Net Assets 2020: $395,7132020Assets 2021: $742,539Liabilities 2021: $3,000Net Assets 2021: $739,5392021Assets 2022: $620,684Liabilities 2022: $0Net Assets 2022: $620,6842022Assets 2023: $440,792Liabilities 2023: $0Net Assets 2023: $440,7922023Assets 2024: $356,003Liabilities 2024: $0Net Assets 2024: $356,0032024

Highlighted filing

2020

Assets$840,112
Liabilities$444,399
Net Assets$395,713

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $708,4192010Revenue 2011: $69,373Expenses 2011: $780,650Net Income 2011: -$711,2772011Expenses 2012: $679,2972012Expenses 2013: $832,3742013Revenue 2014: $943,279Expenses 2014: $310,973Net Income 2014: $632,3062014Revenue 2015: $1,081,880Expenses 2015: $1,494,628Net Income 2015: -$412,7482015Revenue 2016: $1,084,530Expenses 2016: $957,420Net Income 2016: $127,1102016Revenue 2017: $1,157,024Expenses 2017: $1,220,241Net Income 2017: -$63,2172017Revenue 2018: $1,114,914Expenses 2018: $1,080,190Net Income 2018: $34,7242018Revenue 2019: $1,152,576Expenses 2019: $1,057,079Net Income 2019: $95,4972019Revenue 2020: $1,010,537Expenses 2020: $1,164,060Net Income 2020: -$153,5232020Revenue 2021: $1,152,913Expenses 2021: $809,087Net Income 2021: $343,8262021Revenue 2022: $1,115,179Expenses 2022: $1,234,034Net Income 2022: -$118,8552022Revenue 2023: $947,483Expenses 2023: $1,127,375Net Income 2023: -$179,8922023Revenue 2024: $847,449Expenses 2024: $932,238Net Income 2024: -$84,7892024

Highlighted filing

2020

Revenue$1,010,537
Expenses$1,164,060
Net Income-$153,523
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Mar 26, 2021
Return Version
2019v5.2
Gross Receipts
$1,010,537
Mission and Program Overview

Mission

As the only jewish school tuition organization in southern arizona, jetco provides scholarships for students in need, who wish to receive a jewish day school education in tucson.

To provide scholarships and tuition grants for qualified students at qualified schools to enable them to attend primary and secondary jewish schools in arizona that are 501(c)(3) organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,066,412$823,900▼ $242,512
Accounts Receivable-$15,706-
Prepaid Expenses and Deferred Charges$531$506▼ $25
Total Assets$1,066,943$840,112▼ $226,831
Liabilities
Grants Payable$508,632$441,086▼ $67,546
Accounts Payable and Accrued Expenses$9,075$3,313▼ $5,762
Total Liabilities$517,707$444,399▼ $73,308
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$549,236$395,713▼ $153,523
Total Net Assets Fund Balance$549,236$395,713▼ $153,523
Total Liabilities and Net Assets / Fund Balance$1,066,943$840,112▼ $226,831
Compensation and Service Providers

Board Members and Trustees

NameTitle
Eric SpitzerPresident
Ori GreenVice President
Elaine GeffenDirector
Kevin Goeta-kreislerDirector
Seth RuskinDirector
Stephanie HoffmanDirector
Tracy JeckDirector
Andrea FleisherSecretary
Andrew IsaacTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,007,692
Program Service Revenue
$0
Investment Income
$2,845
Other Revenue
$0
All Other Contributions
$1,007,692
Change in Net Assets
$-153,523

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,010,537
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,010,537
Total Revenue per Form 990
$1,010,537
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,051,629
Other Expenses$112,431
Total Fundraising Expense$7,142
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,051,629--$1,051,629
Fees for Services Other-$60,180-$60,180
Fees for Services Accounting-$13,403-$13,403
Other Expenses-$6,481$2,298$2,298
Advertising--$1,490$1,490
Insurance-$1,182-$1,182
Total Functional Expenses$1,051,629$105,289$7,142$1,164,060

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,164,060
Total Expenses per Audited Statements$1,164,060
Total Expenses per Form 990$1,164,060
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
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 A, Line 8B

The organization comtemporaneously documents the meetings held or written actions undertaken during the year by the govering body.

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

Board members will receive a copy of the 990 draft to review. Final approval will be completed via email vote if the board is unable to schedule a meeting within the time frame required to issue the 990.

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

Board members are required to disclose potential conflicts annually. The policy is signed by all staff and annually by board members.

Form 990, Part VI, Section C, Line 19

All documents are available upon request at jetco business office - 3888 e river road, tucson, az 85718.

Filing and Contact Details

Filer

Filer Name
Cheder Scholarship Organization Inc
EIN
86-0953552
Phone
5205293888
Address
3718 E RIVER ROAD NO 100, TUCSON, AZ 85718
Doing Business As
(jetco) - See Schedule O

Signing Officer

Name
Eric Spitzer
Title
President
Phone
5205293888
Signed
2021-03-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Spitzer
Formed
1999
Legal Domicile
Az
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
10

Preparer

Firm
Hbl Cpas Pc
Address
5470 E BROADWAY BLVD, TUCSON, AZ 85711
Preparer
Michael J Devries
Phone
5208863181
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

In accordance with financial accounting standards board (fasb) accounting standards codification no. 710-10 (asc 740-10), jetco holds no uncertain tax positions and, therefore, has no policy for evaluating them.

Raw XML Appendix377 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.

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IRS990/Desc0IN THE TWELVE MONTHS ENDED JUNE 30, 2020, JETCO PROVIDED $1,051,629 IN SCHOLARSHIPS TO 125 STUDENTS AT THE TUCSON HEBREW ACADEMY, PARDES JEWISH DAY SCHOOL, AND LAMPLIGHTER.
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01154311
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01082932
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05505214
IRS990ScheduleA/TotalSupportAmt05519581
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
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01164060
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01010537
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION NO. 710-10 (ASC 740-10), JETCO HOLDS NO UNCERTAIN TAX POSITIONS AND, THEREFORE, HAS NO POLICY FOR EVALUATING THEM.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01164060
IRS990ScheduleD/TotalRevenuePerForm990Amt01010537
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01010537
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01164060
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt01051629
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0125
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS ARE PAID DIRECTLY TO THE EDUCATIONAL ORGANIZATION FOR THE BENEFIT OF THE STUDENT APPLYING. GRANTEES USE AN OUTSIDE SERVICE, FAST OR SIMILAR, TO ASSIST IN THE CALCULATION OF THE NEEDS OF FAMILIES APPLYING FOR SCHOLARSHIP FUNDS. INITIAL REVIEW OF APPLICATIONS TAKES PLACE AT THE SCHOOL LEVEL, BRINGING A FULL SLATE REQUEST TO JETCO.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION COMTEMPORANEOUSLY DOCUMENTS THE MEETINGS HELD OR WRITTEN ACTIONS UNDERTAKEN DURING THE YEAR BY THE GOVERING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS WILL RECEIVE A COPY OF THE 990 DRAFT TO REVIEW. FINAL APPROVAL WILL BE COMPLETED VIA EMAIL VOTE IF THE BOARD IS UNABLE TO SCHEDULE A MEETING WITHIN THE TIME FRAME REQUIRED TO ISSUE THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS ANNUALLY. THE POLICY IS SIGNED BY ALL STAFF AND ANNUALLY BY BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS ARE AVAILABLE UPON REQUEST AT JETCO BUSINESS OFFICE - 3888 E RIVER ROAD, TUCSON, AZ 85718.
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 C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01066943
IRS990/TotalAssetsEOYAmt0840112
IRS990/TotalAssetsGrp/BOYAmt01066943
IRS990/TotalAssetsGrp/EOYAmt0840112
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01007692
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07142
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0105289
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01051629
IRS990/TotalFunctionalExpensesGrp/TotalAmt01164060
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0517707
IRS990/TotalLiabilitiesEOYAmt0444399
IRS990/TotalLiabilitiesGrp/BOYAmt0517707
IRS990/TotalLiabilitiesGrp/EOYAmt0444399
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0549236
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0395713
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01051629
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02845
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01010537
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01066943
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0840112
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03718 E RIVER ROAD NO 100
IRS990/USAddress/CityNm0TUCSON
IRS990/USAddress/StateAbbreviationCd0AZ
IRS990/USAddress/ZIPCd085718
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.JETCO.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ERIC SPITZER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05205293888
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHEDER SCHOLARSHIP ORGANIZATION INC
ReturnHeader/Filer/BusinessNameControlTxt0CHED
ReturnHeader/Filer/EIN0860953552
ReturnHeader/Filer/PhoneNum05205293888
ReturnHeader/Filer/USAddress/AddressLine1Txt03718 E RIVER ROAD NO 100
ReturnHeader/Filer/USAddress/CityNm0TUCSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AZ
ReturnHeader/Filer/USAddress/ZIPCd085718
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0860360084
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HBL CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05470 E BROADWAY BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TUCSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AZ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd085711
ReturnHeader/PreparerPersonGrp/PhoneNum05208863181
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL J DEVRIES
ReturnHeader/ReturnTs02021-03-26T12:26:40-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.36$0.00$0.36$0.85$0.93$0.08
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.44$0.00$0.44$0.95$1.13$0.18
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$0.00$0.62$1.12$1.23$0.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.74$0.00$0.74$1.15$0.81$0.34
2020Detailed filing. Detailed filing data is available for this year.$0.84$0.44$0.40$1.01$1.16$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.07$0.52$0.55$1.15$1.06$0.10
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.60$0.45$1.11$1.08$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.75$0.42$1.16$1.22$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.21$0.73$0.48$1.08$0.96$0.13
2015Detailed filing. Detailed filing data is available for this year.$1.07$0.72$0.36$1.08$1.49$0.41
2014Detailed filing. Detailed filing data is available for this year.$0.96$0.20$0.77$0.94$0.31$0.63
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.72$0.14$0.83
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.59$0.09$0.68
2011Summary only. Only limited summary data is available for this year.$0.96$0.78$0.18$0.07$0.78$0.71
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$0.37$0.89$0.71