Civic Intelligence

Abiqua School Foundation

EIN 93-1109798 • 501(c)3 • Salem, OR

Profile

Abiqua school is a pre-k - 12 nonprofit, private school whose mission is to engage and inspire young scholars in a challenging yet collaborative environment that optimizes the abilities of individual students. H.e.a.r.t values promote a compassionate community while empowering students for lifelong learning.

6974 Bates Rd SSalem, OR 97306

www.abiquaacademy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

87th percentile

0.67x

Higher debt load relative to assets than 87% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

83rd percentile

0.64x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

38th percentile

-0.4%

Higher net margin than 38% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

95th percentile

96%

Faster asset growth than 95% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

54th percentile

9.4%

Faster revenue growth than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$3,197,246

Down $225,490 (-6.6%) from 2023

Liabilities

Down

$2,205,860

Down $74,950 (-3.3%) from 2023

Net Assets

Down

$991,386

Down $150,540 (-13%) from 2023

Revenue

Down

$3,392,599

Down $170,132 (-4.8%) from 2023

Expenses

Up

$3,609,831

Up $33,254 (+0.9%) from 2023

Net Income

Down

-$217,232

Down $203,386 (-1469%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $946,734Liabilities 2011: $280,789Net Assets 2011: $665,9452011Assets 2012: $1,081,178Liabilities 2012: $322,784Net Assets 2012: $758,3942012Assets 2013: $1,260,086Liabilities 2013: $410,046Net Assets 2013: $850,0402013Assets 2014: $1,440,523Liabilities 2014: $383,267Net Assets 2014: $1,057,2562014Assets 2015: $1,585,815Liabilities 2015: $453,842Net Assets 2015: $1,131,9732015Assets 2016: $1,577,327Liabilities 2016: $597,907Net Assets 2016: $979,4202016Assets 2017: $1,719,810Liabilities 2017: $780,417Net Assets 2017: $939,3932017Assets 2018: $1,555,223Liabilities 2018: $828,655Net Assets 2018: $726,5682018Assets 2019: $1,458,272Liabilities 2019: $916,280Net Assets 2019: $541,9922019Assets 2020: $1,524,694Liabilities 2020: $921,476Net Assets 2020: $603,2182020Assets 2021: $1,721,086Liabilities 2021: $615,729Net Assets 2021: $1,105,3572021Assets 2022: $1,742,920Liabilities 2022: $587,148Net Assets 2022: $1,155,7722022Assets 2023: $3,422,736Liabilities 2023: $2,280,810Net Assets 2023: $1,141,9262023Assets 2024: $3,197,246Liabilities 2024: $2,205,860Net Assets 2024: $991,3862024

Highlighted filing

2024

Assets$3,197,246
Liabilities$2,205,860
Net Assets$991,386

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,704,6102011Expenses 2012: $1,626,2892012Revenue 2013: $1,804,219Expenses 2013: $1,712,573Net Income 2013: $91,6462013Revenue 2014: $2,059,267Expenses 2014: $1,852,051Net Income 2014: $207,2162014Revenue 2015: $2,031,635Expenses 2015: $1,956,918Net Income 2015: $74,7172015Revenue 2016: $2,123,730Expenses 2016: $2,276,283Net Income 2016: -$152,5532016Revenue 2017: $2,314,295Expenses 2017: $2,354,322Net Income 2017: -$40,0272017Revenue 2018: $2,228,853Expenses 2018: $2,441,678Net Income 2018: -$212,8252018Revenue 2019: $2,394,014Expenses 2019: $2,569,418Net Income 2019: -$175,4042019Revenue 2020: $2,509,966Expenses 2020: $2,448,740Net Income 2020: $61,2262020Revenue 2021: $3,117,025Expenses 2021: $2,614,886Net Income 2021: $502,1392021Revenue 2022: $3,255,719Expenses 2022: $3,205,304Net Income 2022: $50,4152022Revenue 2023: $3,562,731Expenses 2023: $3,576,577Net Income 2023: -$13,8462023Revenue 2024: $3,392,599Expenses 2024: $3,609,831Net Income 2024: -$217,2322024

Highlighted filing

2024

Revenue$3,392,599
Expenses$3,609,831
Net Income-$217,232

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.20$2.21$0.99$3.39$3.61$0.22
2023Detailed filing. Detailed filing data is available for this year.$3.42$2.28$1.14$3.56$3.58$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.74$0.59$1.16$3.26$3.21$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.72$0.62$1.11$3.12$2.61$0.50
2020Detailed filing. Detailed filing data is available for this year.$1.52$0.92$0.60$2.51$2.45$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.46$0.92$0.54$2.39$2.57$0.18
2018Detailed filing. Detailed filing data is available for this year.$1.56$0.83$0.73$2.23$2.44$0.21
2017Detailed filing. Detailed filing data is available for this year.$1.72$0.78$0.94$2.31$2.35$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.58$0.60$0.98$2.12$2.28$0.15
2015Detailed filing. Detailed filing data is available for this year.$1.59$0.45$1.13$2.03$1.96$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.44$0.38$1.06$2.06$1.85$0.21
2013Summary only. Only limited summary data is available for this year.$1.26$0.41$0.85$1.80$1.71$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.32$0.76$1.63
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.28$0.67$1.70
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 28, 2025
Return Version
2023v6.0
Gross Receipts
$3,431,257
Mission and Program Overview

Mission

Abiqua academy is a pre-k - 12 non-profit, private school whose mission is to pursue excellence in academics and character, to marshal the courage to serve and lead, and to develop a lifelong desire to learn and achieve.

Abiqua school inspires its students in a challenging academic environment guided by our core values of honor, empathy, accountability, respect, and teamwork.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,045,910$1,021,365▼ $24,545
Savings and Temporary Cash Investments$320,319$514,776▲ $194,457
Cash and Non-Interest-Bearing Accounts$321,207$52,504▼ $268,703
Prepaid Expenses and Deferred Charges$29,884$6,307▼ $23,577
Accounts Receivable$6,656$3,518▼ $3,138
Total Assets$3,422,736$3,197,246▼ $225,490
Other Assets Total$1,698,760$1,598,776▼ $99,984
Liabilities
Other Liabilities$1,732,848$1,662,784▼ $70,064
Deferred Revenue$388,972$384,434▼ $4,538
Accounts Payable and Accrued Expenses$158,990$158,642▼ $348
Total Liabilities$2,280,810$2,205,860▼ $74,950
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,138,886$970,886▼ $168,000
Net Assets With Donor Restrictions$3,040$20,500▲ $17,460
Total Net Assets Fund Balance$1,141,926$991,386▼ $150,540
Total Liabilities and Net Assets / Fund Balance$3,422,736$3,197,246▼ $225,490

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$579,491$367,922$947,413
Leasehold Improvements$312,578$217,645$530,223
Other Land Buildings$34,036$168,114$202,150
Equipment$95,260$91,978$187,238
Other Assets Org$1,598,776--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark NovomHead of SchoFT$144,961$10,218$155,179
Mark NovomHead of School-$144,961$10,218$155,179
Sherilyn PilgrimDirector of FinanFT$86,707$5,899$92,606

Board Members and Trustees

NameTitle
Tyler ReichChair
Denise BasilanVice Chair
Alex CasebeerMember at La
Carol LongMember at La
Dan RoachMember at La
James GleasonMember at La
Julie WisserMember at La
Madiha ShaukatMember at La
Marissa FosterMember at La
Matt PeglerMember at La
Max ButlerMember at La
Shannon SnowMember at La
Falguny BhavanSecretary
John HazlettTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$143,732
Program Service Revenue
$3,138,893
Investment Income
$14,245
Other Revenue
$95,729
All Other Contributions
$418
Change in Net Assets
$-217,232

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,112,448
Revenue Not Reported on Financial Statements
$280,151
Other Revenue Adjustments
$280,151
Total Revenue per Audited Statements
$3,112,448
Total Revenue per Form 990
$3,392,599
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,504,628
Other Expenses$786,393
Grants and Similar Amounts Paid$318,810
Total Fundraising Expense$162,443
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,468,912$257,059$110,168$1,836,139
Grants to Domestic Individuals$318,810--$318,810
Current Officers, Directors, Trustees, and Key Employees$198,793$34,789$14,909$248,491
Payroll Taxes$179,063$31,335$13,429$223,827
Occupancy$173,326$38,998$4,333$216,657
Other Employee Benefits$137,965$23,167$9,929$171,061
Depreciation Depletion$82,466$19,586$1,031$103,083
All Other Expenses$84,315$16,368$94$100,777
Insurance$35,477$7,982$887$44,346
Other Expenses$34,434$3,866$1,682$38,300
Advertising$32,623-$3,625$36,248
Fees for Services Accounting-$25,171-$25,171
Pension Plan Contributions$20,088$3,515$1,507$25,110
Information Technology$18,400$188$21$18,609
Fees for Services Legal-$10,847-$10,847
Interest$5,798$1,305$145$7,248
Fees for Services Other-$7,004-$7,004
Office Expenses$3,288$692$683$4,663
Total Functional Expenses$2,955,808$491,580$162,443$3,609,831

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,609,831
Expenses per Audited Statements$3,329,680
Total Expenses per Audited Statements$3,329,680
Expenses Not Reported on Financial Statements$280,151
Other Expense Adjustments$280,151
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$134,387
Fundraising Direct Expenses$38,658
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Giving$122,814-$330-
Griffin Gala$143,229$122,729$27,472$95,257
Total Events$277,701$134,387$38,658$95,729
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$1,662,784
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
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, Page 6, Part VI, Line 11B

The form 990 is reviewed by the treasurer, head of school, and the director of finance and operations. It is discussed during the finance meeting and approved by the treasurer. It is also discussed at the executive board meeting.

Form 990, Page 6, Part VI, Line 12C

As part of the annual conflict of interest disclosure process, the board of directors monitors compliance with conflict of interest policies and signs a statement concerning conflict of interest disclosures.

Form 990, Page 6, Part VI, Line 15A

After initial hire, the board decides whether to renew the head of school's contract. The head of school's current contract was negotiated in 2024 for five school years and increases were part of that contract.

Form 990, Page 6, Part VI, Line 15B

For top management, the board approves an amount for all salaries in the budget process, and it is the responsibility of the head of school to determine actual salaries for each manager based on several factors including salaries for comparable private schools, consumer price index, experience, past performance, and future performance.

Form 990, Page 6, Part VI, Line 19

Financial information, governing documents, and the conflict of interest policy are available at board meetings. Parent community has access through onsite requests.

Filing and Contact Details

Filer

Filer Name
Abiqua School Foundation
EIN
93-1109798
Phone
5033999020
Address
6974 BATES RD S, SALEM, OR 97306
Doing Business As
Abiqua School

Signing Officer

Name
Mark Novom
Title
Head of School
Phone
5033999020
Signed
2025-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Novom
Formed
1993
Voting Board Members
14
Independent Board Members
14
Employees
76
Volunteers
20

Preparer

Firm
James E Richman CPA
Address
3269 NE ALAMEDA TERRACE, PORTLAND, OR 97212
Preparer
James E Richman
Phone
5032953780
Supplemental Narrative

Additional Explanations

Form 990, Part III

Line 1 continued: heart values promote a compassionate community while empowering students for lifelong learning.

Form 990, Page 2, Part III, Line 4D

Other program services: lunch, field trips, tutoring and other revenue.

Form 990, Part XI, Line 9

Scholarships netted against tuition -318,810 direct event expenses 38,659 scholarships reported as grants 318,810 direct event expenses -38,659

Financial Statement Notes

Schedule D, Page 3, Part X

The school follows the provisions of fasb asc topic accounting for uncertainty in income taxes.management has evaluated the school's tax positions and concluded that there are no uncertain tax positions that require adjustment to the financial statements to comply with provisions of this topic.

Schedule D, Page 4, Part XI, Line 4B

Scholarships netted against tuition 318,810 direct event expenses -38,659

Schedule D, Page 4, Part XII, Line 4B

Scholarships reported as grants 318,810 direct event expenses -38,659

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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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