Civic Intelligence

Little Red Schoolhouse Inc

990 • Fiscal year 2014 • EIN 92-0048843

Jan 01, 2014 to Dec 31, 2014 • Filed on Jun 18, 2015

1231 W Northern Lights Blvd 634Anchorage, AK 99503

(907) 346-1144

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.01x

Higher debt load relative to assets than 22% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

14th percentile

0.00x

Higher debt load relative to revenue than 14% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

35th percentile

-1.4%

Higher net margin than 35% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

87th percentile

$175,000

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 8.1% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

9th percentile

-13%

Faster asset growth than 9% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

52nd percentile

4.4%

Faster revenue growth than 52% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$261,585

Down $38,402 (-13%) from 2013

Net Assets

Down

$259,690

Down $30,258 (-10%) from 2013

Liabilities

Down

$1,895

Down $8,144 (-81%) from 2013

Revenue

Up

$2,161,625

Up $90,299 (+4.4%) from 2013

Expenses

Up

$2,191,883

Up $153,592 (+7.5%) from 2013

Net Income

Down

-$30,258

Down $63,293 (-192%) from 2013

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2011: $298,662Liabilities 2011: $1,487Net Assets 2011: $297,1752011Assets 2012: $258,859Liabilities 2012: $1,946Net Assets 2012: $256,9132012Assets 2013: $299,987Liabilities 2013: $10,039Net Assets 2013: $289,9482013Assets 2014: $261,585Liabilities 2014: $1,895Net Assets 2014: $259,6902014

Highlighted filing

2014

Assets$261,585
Liabilities$1,895
Net Assets$259,690

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,963,2302011Expenses 2012: $2,071,8592012Revenue 2013: $2,071,326Expenses 2013: $2,038,291Net Income 2013: $33,0352013Revenue 2014: $2,161,625Expenses 2014: $2,191,883Net Income 2014: -$30,2582014

Highlighted filing

2014

Revenue$2,161,625
Expenses$2,191,883
Net Income-$30,258
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jun 18, 2015
Return Version
2014v5.0
Gross Receipts
$2,161,625
Mission and Program Overview

Mission

To prepare the young child socially, emotionally and academically for the K-12 education system.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$158,526$261,385▲ $102,859
Rtn Earn Endowment Incm Other Fnds$289,948$259,690▼ $30,258
Land, Buildings, and Equipment, Net$89,136$0▼ $89,136
Receivable From Disqualified Prsn$52,125$0▼ $52,125
Cash and Non-Interest-Bearing Accounts$200$200→ $0
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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$299,987$261,585▼ $38,402
Other Assets Total-$0-
Liabilities
Other Liabilities$10,039$1,895▼ $8,144
Total Liabilities$10,039$1,895▼ $8,144
Net Assets / Fund Balance
Total Net Assets Fund Balance$289,948$259,690▼ $30,258
Total Liabilities and Net Assets / Fund Balance$299,987$261,585▼ $38,402
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Emily N AstrandeDirector of OperationsFT$175,000$175,000

Board Members and Trustees

NameTitle
Bayard BirdPresident
Charles RenfroBoard Member
Marcia MyersBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,161,614
Investment Income
$11
Other Revenue
$0
Change in Net Assets
$-30,258
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,389,768
Other Expenses$802,115
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$845,282$418,195-$1,263,477
Occupancy$257,400--$257,400
Payroll Taxes$71,824$35,536-$107,360
All Other Expenses$92,282--$92,282
Insurance$74,619--$74,619
Other Expenses$71,942$1,089-$73,031
Advertising$34,673--$34,673
Other Employee Benefits$11,888$7,043-$18,931
Fees for Services Accounting-$11,371-$11,371
Depreciation Depletion$2,293--$2,293
Total Functional Expenses$1,702,947$488,936$0$2,191,883
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Bird Investment Co I LLCSee BelowBuilding rentalNo-
Bird Investment Co IV LLCSee BelowBuilding RentalNo-
It's A Small World IncSee BelowEquip.& Vehicle LeaseNo-

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$52,125$0▼ $52,125
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities-Employee$1,895
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with family members
Yes
Business relationship with organization members
Yes
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, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

See Supplemental Information, Schedule L

Form 990, Part VI, Line 11B: Form 990 Review Process

Return is presented to and reviewed by the Board before the return is filed.

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

Board reviews business transactions conducted with key members to assure they are equivalent to an arms length transaction and are not in excess of fair market value. Board reviews Member of the Appraisal Institute (MAI) appraisals or Certified Commercial Investment Member (CCIM) opinions, or opinions of brokers specializing in child care properties.

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

The tax return is available for inspection on request but financial statements have not been made available in the past. Governing documents could be made available if ever requested.

Filing and Contact Details

Filer

Filer Name
Little Red Schoolhouse Inc
EIN
92-0048843
Phone
9073461144
Address
1231 W Northern Lights Blvd 634, Anchorage, AK 99503

Signing Officer

Name
Bayard Bird
Title
President
Signed
2015-06-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bayard Bird
Formed
1975
Legal Domicile
Ak
Voting Board Members
3
Independent Board Members
1
Employees
88

Preparer

Firm
Brenda J Wolfer CPA
Address
3705 Arctic Blvd PMB 347, Anchorage, AK 99503
Preparer
Brenda J Wolfer
Phone
9075223950
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services

The organization ceased operations on December 31, 2014. Some outstanding revenues will be collected in 2015 and some expenses will be incurred in concluding the organizations activities.

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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Little Red Schoolhouse, Inc. receives the following:1) Grants from the following organizations which provide tuition assistance for low-income families: a)AVCP (Association of Village Council Presidents) b)Cook Inlet Tribal Council c)State of Alaska, Office of Children's Services d)State of Alaska, Child Care Grant e)State of Alaska, JOBS f)State of Alaska, DCA, Division of Child Care Assistance Program,2) CACFP(Child and Adult Care Food Program) a federally funded nutrition assistance program for low-income families
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1Publicized by advertising in the Website, Parent Handbook, Newsletters Monthly Menu, Child Enrollment Packet and Staff Handbook
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
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IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0175000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Emily N Astrande
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Dir. of Operations
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0175000
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Bird Investment Co I LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1Bird Investment Co IV LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2It's A Small World Inc
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0See Below
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1See Below
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2See Below
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Building rental
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Building Rental
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2Equip.& Vehicle Lease
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0SeeBelow
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt052125
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Bird Investment Co IV LLC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt035 % LLC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Bird Investment Company I, LLC leases a building facility to Little Red Schoolhouse, Inc. Forty seven and one half percent of the LLC is owned by one board member. Five percent of the LLC is owned by another board member, the father of the first board member. Another forty seven and one half percent of the LLC is owned by the brother of the first board member. He is not an officer, director or employee of the filing organization. The annual rent of $95,400 is at fair market value.Bird Investment Company IV, LLC leases a separate building facility to Little Red Schoolhouse, Inc. Ninety nine percent of the LLC is owned by one board member. One percent of the LLC is owned by another board member, the daughter of the first board member. The annual rent of $162,000 is at fair market value.It's A Small World, Inc. is owned one hundred percent by one board member. This entity leases equipment (annual lease $7,800) and vehicles (annual lease $6,000) to Little Red Schoolhouse, Inc. The leases are at fair market value.Part II, Line 1This year the organization advanced payment for an improvement that needed to be made by Bird Investment Company IV, LLC. The work needed to be done. It was agreed that the work would be paid by the organization and reimbursed by Bird Investment Company IV, LLC. The advance was repaid in 2014.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization ceased operations on December 31, 2014. Some outstanding revenues will be collected in 2015 and some expenses will be incurred in concluding the organizations activities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1See Supplemental Information, Schedule L
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Return is presented to and reviewed by the Board before the return is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board reviews business transactions conducted with key members to assure they are equivalent to an arms length transaction and are not in excess of fair market value. Board reviews Member of the Appraisal Institute (MAI) appraisals or Certified Commercial Investment Member (CCIM) opinions, or opinions of brokers specializing in child care properties.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The tax return is available for inspection on request but financial statements have not been made available in the past. Governing documents could be made available if ever requested.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0920101132
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0S Corp
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0AK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Equip Leasing
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0Its A Small World Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt03705 Arctic Blvd 1545
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0Anchorage
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0AK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd099503
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd1false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0920165468
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN1400002702
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd1false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0AK
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd1AK
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0RE Rental
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt1RE Rental
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0Bird Investment Company I LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt1Bird Investment Company IV LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt03705 Arctic Blvd 1545
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt13705 Arctic Blvd 1545
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0Anchorage
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm1Anchorage
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0AK
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd1AK
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd099503
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd199503
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0true
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt090271
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1153290
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt213800
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Fair Mkt Value
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Fair Mkt Value
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2Fair Mkt Value
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Bird Investment Company I LLC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1Bird Investment Company IV LLC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2Its A Small World Inc

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