Civic Intelligence

The Athenian School

990 • Fiscal year 2019 • EIN 94-6070808

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 07, 2020

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2100 MT Diablo Scenic BlvdDanville, CA 94506

(925) 837-5375

Siviq Scores

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

Liabilities / Assets

64th percentile

0.43x

Higher debt load relative to assets than 64% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

76th percentile

1.12x

Higher debt load relative to revenue than 76% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Net Margin

25th percentile

-2.3%

Higher net margin than 25% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

65th percentile

$464,272

Higher top officer pay than 65% of similar nonprofits.

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

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Asset Growth

42nd percentile

2.7%

Faster asset growth than 42% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

34th percentile

-1.0%

Faster revenue growth than 34% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Assets

Up

$66,020,315

Up $1,750,502 (+2.7%) from 2018

Net Assets

Down

$37,595,376

Down $272,926 (-0.7%) from 2018

Liabilities

Up

$28,424,939

Up $2,023,428 (+7.7%) from 2018

Revenue

Down

$25,315,364

Down $248,915 (-1.0%) from 2018

Expenses

Up

$25,894,379

Up $1,779,111 (+7.4%) from 2018

Net Income

Down

-$579,015

Down $2,028,026 (-140%) from 2018

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2011: $26,816,762Liabilities 2011: $8,153,647Net Assets 2011: $18,663,1152011Assets 2012: $27,641,064Liabilities 2012: $7,851,897Net Assets 2012: $19,789,1672012Assets 2013: $29,415,143Liabilities 2013: $8,645,840Net Assets 2013: $20,769,3032013Assets 2014: $31,226,589Liabilities 2014: $8,625,287Net Assets 2014: $22,601,3022014Assets 2015: $36,638,675Liabilities 2015: $9,592,531Net Assets 2015: $27,046,1442015Assets 2016: $43,012,030Liabilities 2016: $10,988,289Net Assets 2016: $32,023,7412016Assets 2017: $52,675,772Liabilities 2017: $16,637,631Net Assets 2017: $36,038,1412017Assets 2018: $64,269,813Liabilities 2018: $26,401,511Net Assets 2018: $37,868,3022018Assets 2019: $66,020,315Liabilities 2019: $28,424,939Net Assets 2019: $37,595,3762019Assets 2020: $65,499,173Liabilities 2020: $25,986,790Net Assets 2020: $39,512,3832020Assets 2021: $75,813,234Liabilities 2021: $35,846,948Net Assets 2021: $39,966,2862021Assets 2022: $74,556,032Liabilities 2022: $37,283,645Net Assets 2022: $37,272,3872022Assets 2023: $75,277,742Liabilities 2023: $38,104,112Net Assets 2023: $37,173,6302023Assets 2024: $76,633,228Liabilities 2024: $39,642,920Net Assets 2024: $36,990,3082024Assets 2025: $77,670,926Liabilities 2025: $39,967,438Net Assets 2025: $37,703,4882025

Highlighted filing

2019

Assets$66,020,315
Liabilities$28,424,939
Net Assets$37,595,376

Operations Trend

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

$40M$30M$20M$10M$0-$10MExpenses 2011: $15,715,5612011Expenses 2012: $16,414,2862012Expenses 2013: $17,222,6912013Revenue 2014: $19,466,890Expenses 2014: $18,384,554Net Income 2014: $1,082,3362014Revenue 2015: $23,560,164Expenses 2015: $18,807,274Net Income 2015: $4,752,8902015Revenue 2016: $24,991,477Expenses 2016: $19,427,006Net Income 2016: $5,564,4712016Revenue 2017: $25,898,087Expenses 2017: $21,516,837Net Income 2017: $4,381,2502017Revenue 2018: $25,564,279Expenses 2018: $24,115,268Net Income 2018: $1,449,0112018Revenue 2019: $25,315,364Expenses 2019: $25,894,379Net Income 2019: -$579,0152019Revenue 2020: $28,642,574Expenses 2020: $26,395,503Net Income 2020: $2,247,0712020Revenue 2021: $26,904,063Expenses 2021: $28,534,859Net Income 2021: -$1,630,7962021Revenue 2022: $29,851,668Expenses 2022: $30,209,190Net Income 2022: -$357,5222022Revenue 2023: $31,255,462Expenses 2023: $32,140,820Net Income 2023: -$885,3582023Revenue 2024: $33,220,327Expenses 2024: $34,615,084Net Income 2024: -$1,394,7572024Revenue 2025: $35,003,077Expenses 2025: $35,338,672Net Income 2025: -$335,5952025

Highlighted filing

2019

Revenue$25,315,364
Expenses$25,894,379
Net Income-$579,015
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 7, 2020
Return Version
2018v3.1
Gross Receipts
$25,650,758
Mission and Program Overview

Mission

for a life of purpose and personal fulfillment. The School offers a challenging academic program with a difference. Intellectrual inquiry is active, learning is interactive.

The athenian school is a co-educational, independent, not-for-profit school serving grades 6 through 12. The athenian school prepares students for the rigorous expectations of college and for a life of purpose and personal fulfillment. The school offers a challenging academic program with a difference. Intellectual inquiry is active. Learning is interactive.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$18,604,960$36,045,532▲ $17,440,572
Savings and Temporary Cash Investments$15,063,825$17,416,006▲ $2,352,181
Investments in Publicly Traded Securities$9,531,111$9,977,928▲ $446,817
Pledges and Grants Receivable$2,947,638$1,670,607▼ $1,277,031
Prepaid Expenses and Deferred Charges$395,526$527,335▲ $131,809
Accounts Receivable$263,358$194,300▼ $69,058
Cash and Non-Interest-Bearing Accounts$241,308$188,607▼ $52,701
Total Assets$64,269,813$66,020,315▲ $1,750,502
Other Assets Total$17,222,087$0▼ $17,222,087
Liabilities
Tax Exempt Bond Liabilities$12,282,411$14,110,953▲ $1,828,542
Deferred Revenue$11,228,450$12,882,412▲ $1,653,962
Accounts Payable and Accrued Expenses$2,853,467$1,315,065▼ $1,538,402
Other Liabilities$37,183$116,509▲ $79,326
Total Liabilities$26,401,511$28,424,939▲ $2,023,428
Net Assets / Fund Balance
Unrestricted Net Assets$28,954,987$29,926,139▲ $971,152
Permanently Rstr Net Assets$4,966,291$5,114,654▲ $148,363
Temporarily Rstr Net Assets$3,947,024$2,554,583▼ $1,392,441
Total Net Assets Fund Balance$37,868,302$37,595,376▼ $272,926
Total Liabilities and Net Assets / Fund Balance$64,269,813$66,020,315▲ $1,750,502

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$35,055,720$15,098,932$50,154,652
Equipment$580,435$1,054,844$1,635,279
Other Land Buildings$247,765$852,058$1,099,823
Land$161,612-$161,612

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$7,740,504$148,364▲ $306,011$375,976$7,818,903
2017$7,649,098$63,863▲ $395,498$367,955$7,740,504
2016$7,352,320$17,045▲ $646,108$366,375$7,649,098
2015$7,878,687$19,912▼ $178,091$368,188$7,352,320
2014$8,182,735$12,900▲ $36,879$353,827$7,878,687
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eric NilesHead of SchoolFT$312,612$151,660$464,272
Leslie LucasChief Operating OfficerFT$197,979$39,584$237,563
Lauren RaileyHead of Middle SchoolFT$135,470$19,434$154,904
Kalyan BalavenDirector of Teaching and LearningFT$119,663$22,535$142,198
Rostislav SmirnovFaculty and Co-department ChairFT$120,887$18,493$139,380
Gabriel Del RealDean of Academic CurriculumFT$125,038$10,360$135,398
Matthew BinderDirector of Information SystemFT$120,218$9,819$130,037

Board Members and Trustees

NameTitle
Beth BorchersBoard Chair
Joshua FreemanBoard Vice-chair
Michael ConnollyBoard Vice-chair
Allison FletcherBoard Member
Antonio DominguezBoard Member
Catherie YewellBoard Member
David WelshBoard Member
Debby GraumanBoard Member
Esha RayBoard Member
Guy HenshawBoard Member
Hansol HongBoard Member
Jazy ZhangBoard Member
John KohlerBoard Member
Kathy TorruBoard Member
Laura VictorinoBoard Member
Matthew OkazakiBoard Member
Patty FrazerBoard Member
Ruth Winchell-moyesBoard Member
Sharam SassonBoard Member
Vince ChowBoard Member
Wendell ArnoldBoard Member
Nicole HolthuisBoard Member (thru 3/19)
Susan ReckersBoard Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Turner Construction CompanyConstruction Services300 FRANK H OGAWA PLAZA SUITE 510, Oakland, CA 94612$8,581,431
Epicurean GroupFood Service111 MAIN STREET SUITE 3, Los Alto, CA 94022$994,177
Benjamin Rodriguez & AssociatesProject Manager Consulting696 SAN RAMON VALLEY BLVD STE 156, San Ramon, CA 94526$819,938
Ssc Service SolutionsFacilities Services1845 MIDPARK ROAD SUITE 201, Knoxville, TN 37921$762,273
Green Valley Structural INCFoundation Repair And Replacement111 VERDE MESA DRIVE, Danville, CA 94526$299,988
Revenue and Support

Revenue Composition

Contributions and Grants
$1,463,006
Program Service Revenue
$23,569,891
Investment Income
$273,292
Other Revenue
$9,175
All Other Contributions
$1,463,006
Change in Net Assets
$-579,015

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded8$115,567Fair Market Value (FMV)
Total Noncash Contributions8$115,567-

Audited Revenue Reconciliation

Revenue per Audited Statements
$22,064,162
Revenue Not Reported on Financial Statements
$3,251,202
Revenue Not Reported on Form 990
$306,089
Other Revenue Adjustments
$3,190,764
Total Revenue per Audited Statements
$22,370,251
Total Revenue per Form 990
$25,315,364
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,222,480
Other Expenses$9,481,135
Grants and Similar Amounts Paid$3,190,764
Total Fundraising Expense$718,360
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,202,091$2,198,373$278,008$9,678,472
Grants to Domestic Individuals$3,190,764--$3,190,764
Depreciation Depletion$2,233,499$282,765$52,343$2,568,607
Occupancy$1,800,439$286,354$42,193$2,128,986
Other Employee Benefits$1,271,904$265,738$27,018$1,564,660
Payroll Taxes$626,701$132,674$14,465$773,840
Current Officers, Directors, Trustees, and Key Employees$43,782$517,145$109,454$670,381
Pension Plan Contributions$433,377$91,747$10,003$535,127
Interest$418,203$65,118$12,082$495,403
Office Expenses$70,246$395,941$16,844$483,031
Information Technology$241,228--$241,228
Fees for Services Other-$109,287$102,190$211,477
Insurance-$208,963-$208,963
Other Expenses$194,805--$194,805
Advertising-$68,910$53,760$122,670
Fees for Services Management-$119,186-$119,186
Fees for Services Legal-$91,250-$91,250
Fees for Services Accounting-$70,275-$70,275
Fees for Service Investment Mgmnt Fees-$60,438-$60,438
Conferences and Meetings-$54,989-$54,989
Total Functional Expenses$20,156,866$5,019,153$718,360$25,894,379

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$25,894,379
Expenses per Audited Statements$22,643,177
Total Expenses per Audited Statements$22,643,177
Expenses Not Reported on Financial Statements$3,251,202
Other Expense Adjustments$3,190,764
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$60,255
Funds Held in Trust$56,254

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACalifornia Enterprise Development Authority2015-08-26$16,400,000CAPITAL PROJECTS

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$16,400,000-$2,032,047$257,000

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
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 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, Section B, Line 11B

The form 990 is prepared by an outside tax professional. The form is then reviewed by the organization's management and at least two members of the board of trustees. This group of individuals then discusses the contents of the return with the outside tax professional. After a full review, the final version of the tax return is provided to all members of the organization's voting body. A representative of management authorizes the final form 990, which is then e-filed with the internal revenue service.

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

Members of the board of trustees review all potential conflicts of interest at least annually. The head of schools and all board members are required to disclose (in writing) potential conflicts and any related party affiliations. Loans between the organization and members of management and the board are strictly prohibited. The organization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.

Form 990, Part VI, Section B, Line 15

Members of the board of trustees review the compensation of all high-level (key executive) personnel annually in accordance with irs rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Every effort is made to ensure that the process is thorough and transparent in accordance with irs guidelines and the organization's policies and procedures. Compensation of other personnel and key employees is reviewed at least annually by members of management. Efforts are made to secure compensation data from industry sources (such as other private schools) in order to determine competitiveness and appropriateness of salaries and all related benefits. All deicisions are then documented in personnel files.

Form 990, Part VI, Section C, Line 19

All of the organization's governing documents, financial statements and other legal filings are maintained in a secure environment and held available for inspection by tax authorities and the general public. Tax returns are available for physical inspection at the organization's office in danville, california.

Filing and Contact Details

Filer

Filer Name
The Athenian School
EIN
94-6070808
Phone
9258375375
Address
2100 MT DIABLO SCENIC BLVD, DANVILLE, CA 94506

Signing Officer

Name
Leslie J Lucas
Title
COO
Phone
9258375375
Signed
2020-02-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Niles
Formed
1961
Legal Domicile
CA
Voting Board Members
22
Independent Board Members
22
Employees
249
Volunteers
100

Preparer

Firm
Armanino Llp
Address
12657 ALCOSTA BLVD STE 500, SAN RAMON, CA 94583-4600
Preparer
Katy Brown
Phone
9257902600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

This process has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

The endowment funds represent donor contributions that are subject to restrictions of gift instruments requiring that the principal be invested in perpetuity. By law, and in accordance with upmifa, the athenian school is permitted to transfer all interest and realized/unrealized gains to unrestricted net assets.

PART X, LINE 2:

The school is a qualified organization exempt from federal and california income taxes under the provisions of 501(c)(3) of the internal revenue code ("irc") and 23701(d) of the california revenue and taxation code. As such, the school qualifies for the maximum charitable contribution deduction by donors. The school has evaluated its current tax positions and has concluded that as of june 30, 2019, the school does not have any significant uncertain tax positions for which a reserve would be necessary.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Tuition assistance 3,190,764.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Tuition assistance 3,190,764.

Raw XML AppendixShowing 400 of 846 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/ActivityOrMissionDesc0THE ATHENIAN SCHOOL IS A CO-EDUCATIONAL, INDEPENDENT, NOT-FOR-PROFIT SCHOOL SERVING GRADES 6 THROUGH 12. THE ATHENIAN SCHOOL PREPARES STUDENTS FOR THE RIGOROUS EXPECTATIONS OF COLLEGE AND FOR A LIFE OF PURPOSE AND PERSONAL FULFILLMENT. THE SCHOOL OFFERS A CHALLENGING ACADEMIC PROGRAM WITH A DIFFERENCE. INTELLECTUAL INQUIRY IS ACTIVE. LEARNING IS INTERACTIVE.
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IRS990/Desc0THE ATHENIAN SCHOOL OPERATES A UNIQUE PRIVATE EDUCATION FOR STUDENTS FROM GRADES 6 THROUGH 8 (MIDDLE SCHOOL) AND GRADES 9 THROUGH 12 (HIGH SCHOOL). THE ATHENIAN SCHOOL CULTIVATES THE PERSONAL QUALITIES OF EACH STUDENT TO BECOME AN INTEGRATED HUMAN BEING WITH INTEGRITY, STRONG MORAL CHARACTER, AESTHETIC SENSITIVITY, AND PHYSICAL WELL BEING. THE ATHENIAN COMMUNITY REQUIRES STUDENTS TO FACE LIFE DIRECTLY THROUGH OPEN COMMUNICATION, WHILE DEVELOPING THEIR INNER STRENGTH TO EXCEED THEIR PERCEIVED POTENTIAL AND EMERGE COMPASSIONATE, RESPONSIBLE ADULTS. THE ATHENIAN SCHOOL INSTILLS AN APPRECATION OF THE RECIPROCAL RELATIONSHIP BETWEEN THE INDIVIDUAL AND CULTURES, SOCIETY AND THE NATURAL WORLD. THE ATHENIAN SCHOOL VALUES THE POWER AND BEAUTY OF MULTICULTURALISM WITHIN OUR DIVERSE COMMUNITY.THE ATHENIAN SCHOOL EMBRACES THE PRINCIPLES OF DEMOCRATIC GOVERANCE, STEWARDSHIP OF THE ENVIRONMENT, RESPECT FOR HUMAN DIGNITY, AND SERVICE AS A WAY OF LIFE BY PROVIDING AN ATMOSPHERE OF INTELLECTUAL, ARTISTIC, AND PHYSICAL CHALLENGE WITHIN THE WARMTH OF A NURTURING COMMUNITY. WE DEVELOP IN OUR STUDENTS THE CONFIDENCE AND SKILLS REQUIRED TO MEET THE COMPLEXITIES OF THEIR FUTURE.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$77.7$40.0$37.7$35.0$35.3$0.34
2024Summary only. Only limited summary data is available for this year.$76.6$39.6$37.0$33.2$34.6$1.39
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.3$38.1$37.2$31.3$32.1$0.89
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$74.6$37.3$37.3$29.9$30.2$0.36
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.8$35.8$40.0$26.9$28.5$1.63
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$65.5$26.0$39.5$28.6$26.4$2.25
2019Detailed filing. Detailed filing data is available for this year.$66.0$28.4$37.6$25.3$25.9$0.58
2018Summary only. Only limited summary data is available for this year.$64.3$26.4$37.9$25.6$24.1$1.45
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$52.7$16.6$36.0$25.9$21.5$4.38
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.0$11.0$32.0$25.0$19.4$5.56
2015Detailed filing. Detailed filing data is available for this year.$36.6$9.59$27.0$23.6$18.8$4.75
2014Summary only. Only limited summary data is available for this year.$31.2$8.63$22.6$19.5$18.4$1.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.4$8.65$20.8$17.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.6$7.85$19.8$16.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.8$8.15$18.7$15.7
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $50M-$100M nonprofits