Civic Intelligence

Thomas Edison Charter Academy

990 • Fiscal year 2019 • EIN 91-2162243

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 25, 2020

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

52nd percentile

0.22x

Higher debt load relative to assets than 52% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

54th percentile

0.26x

Higher debt load relative to revenue than 54% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

52nd percentile

3.5%

Higher net margin than 52% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

37th percentile

$142,799

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

38th percentile

0.8%

Faster asset growth than 38% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

53rd percentile

4.6%

Faster revenue growth than 53% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$10,046,578

Up $79,204 (+0.8%) from 2018

Net Assets

Up

$7,790,414

Up $306,116 (+4.1%) from 2018

Liabilities

Down

$2,256,164

Down $226,912 (-9.1%) from 2018

Revenue

Up

$8,717,347

Up $386,029 (+4.6%) from 2018

Expenses

Up

$8,411,231

Up $759,057 (+9.9%) from 2018

Net Income

Down

$306,116

Down $373,028 (-55%) from 2018

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

2019

Assets$10,046,578
Liabilities$2,256,164
Net Assets$7,790,414

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

2019

Revenue$8,717,347
Expenses$8,411,231
Net Income$306,116
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 25, 2020
Return Version
2018v3.1
Gross Receipts
$8,717,347
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,880,418$5,093,702▼ $1,786,716
Accounts Receivable$2,715,311$3,823,507▲ $1,108,196
Land, Buildings, and Equipment, Net$340,449$325,539▼ $14,910
Prepaid Expenses and Deferred Charges$31,196$56,705▲ $25,509
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-
Total Assets$9,967,374$10,046,578▲ $79,204
Other Assets Total-$747,125-
Liabilities
Accounts Payable and Accrued Expenses$2,483,076$2,256,164▼ $226,912
Total Liabilities$2,483,076$2,256,164▼ $226,912
Net Assets / Fund Balance
Unrestricted Net Assets$7,201,608$7,517,325▲ $315,717
Temporarily Rstr Net Assets$282,690$273,089▼ $9,601
Total Net Assets Fund Balance$7,484,298$7,790,414▲ $306,116
Total Liabilities and Net Assets / Fund Balance$9,967,374$10,046,578▲ $79,204

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$325,539$47,215$372,754
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Anastasia ShattnerExecutive DirectorFT$142,799$142,799
Kevin ChavezPrincipalFT$121,201$121,201
Rina MelendezDirectorFT$105,359$105,359

Board Members and Trustees

NameTitle
Ryan HazeltonPresident
Joanna PowellVice President
Keisha McCarthyDirector
Karla Zambrano-ArmijosInterim Secreta
Eric HoepnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$8,717,347
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$306,116

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,717,347
Total Revenue per Audited Statements
$8,717,347
Total Revenue per Form 990
$8,717,347
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,798,884
Other Expenses$2,612,347
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,773,939$579,640-$4,353,579
Other Employee Benefits$886,621$295,318-$1,181,939
Other Expenses$410,502$58,295-$468,797
Current Officers, Directors, Trustees, and Key Employees-$263,366-$263,366
Depreciation Depletion$14,910--$14,910
Total Functional Expenses$6,523,929$1,887,302$0$8,411,231

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,411,231
Total Expenses per Audited Statements$8,411,231
Total Expenses per Form 990$8,411,231
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
Yes
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 each fiscal year.

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

Reviewed and approved by the Board each 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
Joanna Powell
Title
President
Signed
2020-02-25
Discuss with paid preparer
Yes

Organization Details

Formed
2001
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
5
Employees
128
Volunteers
10

Preparer

Firm
Borchardt Corona Faeth & Zakarian
Address
1180 E Shaw Ave Ste 110, Fresno, CA 93710
Preparer
Scott Faeth
Phone
5592256891
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IRS990/ProgramServiceRevenueGrp/Desc4Other State Revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0914796
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12808708
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt23333666
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3502762
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4714213
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0914796
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12808708
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23333666
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3502762
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4714213
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01965064
IRS990/PYProgramServiceRevenueAmt08331318
IRS990/PYRevenuesLessExpensesAmt0679144
IRS990/PYSalariesCompEmpBnftPaidAmt05687110
IRS990/PYTotalExpensesAmt07652174
IRS990/PYTotalRevenueAmt08331318
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0306116
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt08717347
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt08411231
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0325539
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt047215
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0372754
IRS990ScheduleD/RevenueSubtotalAmt08717347
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0325539
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0747125
IRS990ScheduleD/TotalExpensesPerForm990Amt08411231
IRS990ScheduleD/TotalRevenuePerForm990Amt08717347
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08717347
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08411231
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/ExplanationTxt0It is displayed in the charter petition.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1Thomas Edison Charter Academy is a public school and does not provide financial assistance to students.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2The organization receives various federal and state assistance as included in the total revenue in Part I Line 9 of Form 990.
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
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency
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 each fiscal year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Reviewed and approved by the Board each 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/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
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0282690
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0273089
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt09967374
IRS990/TotalAssetsEOYAmt010046578
IRS990/TotalAssetsGrp/BOYAmt09967374
IRS990/TotalAssetsGrp/EOYAmt010046578
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt0128
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01887302
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06523929
IRS990/TotalFunctionalExpensesGrp/TotalAmt08411231
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02483076
IRS990/TotalLiabilitiesEOYAmt02256164
IRS990/TotalLiabilitiesGrp/BOYAmt02483076
IRS990/TotalLiabilitiesGrp/EOYAmt02256164
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07484298
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07790414
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0443202
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0443202
IRS990/TotalProgramServiceExpensesAmt06523929
IRS990/TotalProgramServiceRevenueAmt08717347
IRS990/TotalReportableCompFromOrgAmt0369359
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08717347
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08717347
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09967374
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010046578
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt07201608
IRS990/UnrestrictedNetAssetsGrp/EOYAmt07517325
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03531 22nd Street
IRS990/USAddress/CityNm0San Francisco
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd0941143405
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0http://www.teca-sf.org/
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true

Document Assets

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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
2019Detailed filing. Detailed filing data is available for this year.$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