Civic Intelligence

Thomas Edison Charter Academy

990 • Fiscal year 2015 • EIN 91-2162243

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 16, 2016

3531 22nd StreetSan Francisco, CA 94114

(415) 970-3330

Siviq Scores

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

Liabilities / Assets

37th percentile

0.08x

Higher debt load relative to assets than 37% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

27th percentile

0.07x

Higher debt load relative to revenue than 27% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

66th percentile

8.6%

Higher net margin than 66% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

51st percentile

$121,405

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

79th percentile

14%

Faster asset growth than 79% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

74th percentile

16%

Faster revenue growth than 74% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Up

$5,456,647

Up $660,826 (+14%) from 2014

Net Assets

Up

$5,008,201

Up $559,932 (+13%) from 2014

Liabilities

Up

$448,446

Up $100,894 (+29%) from 2014

Revenue

Up

$6,574,184

Up $882,707 (+16%) from 2014

Expenses

Up

$6,011,656

Up $1,192,606 (+25%) from 2014

Net Income

Down

$562,528

Down $309,899 (-36%) from 2014

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $2,875,005Liabilities 2011: $1,031,627Net Assets 2011: $1,843,3782011Assets 2012: $3,074,322Liabilities 2012: $420,764Net Assets 2012: $2,653,5582012Assets 2013: $3,910,661Liabilities 2013: $334,819Net Assets 2013: $3,575,8422013Assets 2014: $4,795,821Liabilities 2014: $347,552Net Assets 2014: $4,448,2692014Assets 2015: $5,456,647Liabilities 2015: $448,446Net Assets 2015: $5,008,2012015Assets 2016: $7,062,486Liabilities 2016: $893,817Net Assets 2016: $6,168,6692016Assets 2017: $7,469,858Liabilities 2017: $664,704Net Assets 2017: $6,805,1542017Assets 2018: $9,967,374Liabilities 2018: $2,483,076Net Assets 2018: $7,484,2982018Assets 2019: $10,046,578Liabilities 2019: $2,256,164Net Assets 2019: $7,790,4142019Assets 2020: $8,134,785Liabilities 2020: $162,231Net Assets 2020: $7,972,5542020Assets 2021: $9,517,105Liabilities 2021: $100,342Net Assets 2021: $9,416,7632021Assets 2022: $11,462,033Liabilities 2022: $757,217Net Assets 2022: $10,704,8162022Assets 2023: $13,805,187Liabilities 2023: $495,300Net Assets 2023: $13,309,8872023

Highlighted filing

2015

Assets$5,456,647
Liabilities$448,446
Net Assets$5,008,201

Operations Trend

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

$15M$10M$5.0M$0Revenue 2011: $4,413,841Expenses 2011: $3,659,835Net Income 2011: $754,0062011Expenses 2012: $4,039,4502012Expenses 2013: $4,279,5372013Revenue 2014: $5,691,477Expenses 2014: $4,819,050Net Income 2014: $872,4272014Revenue 2015: $6,574,184Expenses 2015: $6,011,656Net Income 2015: $562,5282015Revenue 2016: $7,775,863Expenses 2016: $6,615,395Net Income 2016: $1,160,4682016Revenue 2017: $8,138,300Expenses 2017: $7,533,522Net Income 2017: $604,7782017Revenue 2018: $8,331,318Expenses 2018: $7,652,174Net Income 2018: $679,1442018Revenue 2019: $8,717,347Expenses 2019: $8,411,231Net Income 2019: $306,1162019Revenue 2020: $8,469,111Expenses 2020: $8,151,273Net Income 2020: $317,8382020Revenue 2021: $9,459,344Expenses 2021: $8,015,135Net Income 2021: $1,444,2092021Revenue 2022: $10,188,280Expenses 2022: $8,900,227Net Income 2022: $1,288,0532022Revenue 2023: $13,141,476Expenses 2023: $10,536,405Net Income 2023: $2,605,0712023

Highlighted filing

2015

Revenue$6,574,184
Expenses$6,011,656
Net Income$562,528
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 16, 2016
Return Version
2014v6.0
Gross Receipts
$6,574,184
Mission and Program Overview

Mission

The mission of Thomas Edison Charter Academy is to nurture the artistic, social, emotional, and intellectual growth of each child so that all of our students become lifelong learners and innovative problem-solvers.

The mission of Edison Charter Academy is to nurture the artistic, social, emotional, and intellectual growth of each child so that all of our students become lifelong learners and innovative problem-solvers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,934,516$4,749,006▲ $814,490
Accounts Receivable$861,305$707,641▼ $153,664
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$4,795,821$5,456,647▲ $660,826
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$347,552$448,446▲ $100,894
Total Liabilities$347,552$448,446▲ $100,894
Net Assets / Fund Balance
Unrestricted Net Assets$4,350,255$4,940,125▲ $589,870
Temporarily Rstr Net Assets$98,014$68,076▼ $29,938
Total Net Assets Fund Balance$4,448,269$5,008,201▲ $559,932
Total Liabilities and Net Assets / Fund Balance$4,795,821$5,456,647▲ $660,826
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dr Olivia LynchExecutive DirectorFT$121,405$121,405
Marie WangDirector of FinanceFT$111,787$111,787

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,574,184
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$562,528

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,574,184
Total Revenue per Audited Statements
$6,574,184
Total Revenue per Form 990
$6,574,184
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,205,150
Other Expenses$1,806,506
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,872,331$566,009-$3,438,340
Other Employee Benefits$573,331$193,479-$766,810
Other Expenses$557,806$25,947-$583,753
Total Functional Expenses$4,908,576$1,103,080$0$6,011,656

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,011,656
Total Expenses per Audited Statements$6,011,656
Total Expenses per Form 990$6,011,656
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
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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, Line 11B: Form 990 Review Process

A copy of Thomas Edison Charter Academy's final Form 990 was provided to each voting member of the Board at the board meeting prior to the Form 990 being filed with the IRS.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board members as well as the Executive Director, Academy Program Director and Director of Finance complete Forms 700 on an annual basis disclosing any conflicts of interests.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Reviewed and approved by the Board in the 2014/15 fiscal year.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Reviewed and approved by the Board in the 2014/15 fiscal year.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Thomas Edison Charter Academy makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Thomas Edison Charter Academy
EIN
91-2162243
Phone
4159703330
Address
3531 22nd Street, San Francisco, CA 94114

Signing Officer

Name
Katherine Sherwood
Title
Treasurer
Signed
2016-02-16
Discuss with paid preparer
Yes

Organization Details

Formed
2001
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
117
Volunteers
15

Preparer

Firm
Borchardt Corona & Faeth
Address
1540 E Shaw 118, Fresno, CA 93710-8008
Preparer
Scott Faeth
Phone
5592256891
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Write off of PY Extended Day Receivables = -$2596

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IRS990/ProgramServiceRevenueGrp/Desc3Other Local Revenue
IRS990/ProgramServiceRevenueGrp/Desc4Other State Revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0639090
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13276867
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21364173
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3516525
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4553332
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0639090
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13276867
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21364173
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3516525
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4553332
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01187363
IRS990/PYProgramServiceRevenueAmt05691477
IRS990/PYRevenuesLessExpensesAmt0872427
IRS990/PYSalariesCompEmpBnftPaidAmt03631687
IRS990/PYTotalExpensesAmt04819050
IRS990/PYTotalRevenueAmt05691477
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0562528
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt06574184
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt06011656
IRS990ScheduleD/RevenueSubtotalAmt06574184
IRS990ScheduleD/TotalExpensesPerForm990Amt06011656
IRS990ScheduleD/TotalRevenuePerForm990Amt06574184
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06574184
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06011656
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The organization receives various federal and state assistance as included in the total revenue in Part I Line 9 of Form 990.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1It is displayed in the charter petition.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2Thomas Edison Charter Academy is a public school and does not provide financial assistance to students.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of Thomas Edison Charter Academy's final Form 990 was provided to each voting member of the Board at the board meeting prior to the Form 990 being filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members as well as the Executive Director, Academy Program Director and Director of Finance complete Forms 700 on an annual basis disclosing any conflicts of interests.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Reviewed and approved by the Board in the 2014/15 fiscal year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Reviewed and approved by the Board in the 2014/15 fiscal year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Thomas Edison Charter Academy makes its governing documents, conflict of interest policy and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Write off of PY Extended Day Receivables = -$2596
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt098014
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt068076
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04795821
IRS990/TotalAssetsEOYAmt05456647
IRS990/TotalAssetsGrp/BOYAmt04795821
IRS990/TotalAssetsGrp/EOYAmt05456647
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt0117
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01103080
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04908576
IRS990/TotalFunctionalExpensesGrp/TotalAmt06011656
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0347552
IRS990/TotalLiabilitiesEOYAmt0448446
IRS990/TotalLiabilitiesGrp/BOYAmt0347552
IRS990/TotalLiabilitiesGrp/EOYAmt0448446
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04448269
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05008201
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0224197
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0224197
IRS990/TotalProgramServiceExpensesAmt04908576
IRS990/TotalProgramServiceRevenueAmt06574184
IRS990/TotalReportableCompFromOrgAmt0233192
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06574184
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06574184
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04795821
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05456647
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt04350255
IRS990/UnrestrictedNetAssetsGrp/EOYAmt04940125
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0http://www.teca-sf.org/
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Katherine Sherwood
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Thomas Edison Charter Academy
ReturnHeader/Filer/BusinessNameControlTxt0THOM

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$13.8$0.50$13.3$13.1$10.5$2.61
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.5$0.76$10.7$10.2$8.90$1.29
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.52$0.10$9.42$9.46$8.02$1.44
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.13$0.16$7.97$8.47$8.15$0.32
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.0$2.26$7.79$8.72$8.41$0.31
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.97$2.48$7.48$8.33$7.65$0.68
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.47$0.66$6.81$8.14$7.53$0.60
2016Detailed filing. Detailed filing data is available for this year.$7.06$0.89$6.17$7.78$6.62$1.16
2015Detailed filing. Detailed filing data is available for this year.$5.46$0.45$5.01$6.57$6.01$0.56
2014Detailed filing. Detailed filing data is available for this year.$4.80$0.35$4.45$5.69$4.82$0.87
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.91$0.33$3.58$4.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.07$0.42$2.65$4.04
2011Summary only. Only limited summary data is available for this year.$2.88$1.03$1.84$4.41$3.66$0.75