SYNERGY ACADEMIES: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- SYNERGY ACADEMIES (EIN 20-0672173)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-03-19
- IRS object ID
- 201320789349300777
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-03-19T18:39:49-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 952242818 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VICENTI LLOYD & STUTZMAN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2210 E ROUTE 66 SUITE 100 | AddressLine1 |
| City | GLENDORA | City |
| State | CA | State |
| ZIP Code | 91740 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 200672173 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SYNERGY ACADEMIES | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SYNE | NameControl |
| Phone | 3232357960 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 78999 | AddressLine1 |
| City | LOS ANGELES | City |
| State | CA | State |
| ZIP Code | 90016 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ASHWIN VASAVADA | Name |
| Title | BOARD CHAIR | Title |
| Phone | 3232357960 | Phone |
| Date Signed | 2013-03-11 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DERRICK DEBRUYNE | Name |
| PTIN | P00591016 | PTIN |
| Phone | 6268577300 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SYNERGY CHARTER ACADEMY SYNERGY KINETIC ACADEMY AND SYNERGY QUANTUM | BusinessNameLine1 |
| Business Name Line2 | ACADEMY | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | ASHWIN VASAVADA | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 78999 | AddressLine1 |
| City | LOS ANGELES | City |
| State | CA | State |
| ZIP Code | 90016 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 9755754 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.WEARESYNERGY.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2004 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | OPERATES CALIFORNIA CHARTER SCHOOLS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 11 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 11 | NbrIndependentVotingMembers |
| Total Nbr Employees | 100 | TotalNbrEmployees |
| Total Nbr Volunteers | 15 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 5914540 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 9681122 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 3482 | InvestmentIncomePriorYear |
| Investment Income Current Year | 4462 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 21858 | OtherRevenuePriorYear |
| Other Revenue Current Year | 51367 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 5939880 | TotalRevenuePriorYear |
| Total Revenue Current Year | 9736951 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2746805 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 4553741 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2147190 | OtherExpensePriorYear |
| Other Expenses Current Year | 2771825 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 4893995 | TotalExpensesPriorYear |
| Total Expenses Current Year | 7325566 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1045885 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2411385 | RevenuesLessExpensesCY |
| Total Assets BOY | 2959037 | TotalAssetsBOY |
| Total Assets EOY | 5533080 | TotalAssetsEOY |
| Total Liabilities BOY | 602182 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 764840 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 2356855 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 4768240 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | SYNERGY ACADEMIES' MISSION IS TO CREATE AND SHARE SOLUTIONS THAT ELIMINATE THE ACHIEVEMENT GAP. SYNERGY CREATES AND SHARES SOLUTIONS THROUGH THE OPERATION OF URBAN PUBLIC CHARTER SCHOOLS IN SOUTH LOS ANGELES THAT IMPLEMENT A HOLISTIC APPROACH TO EDUCATION, BELIEVE IN COLLECTIVE ACCOUNTABILITY, AND SHARE BEST PRACTICES THROUGH PROFESSIONAL COLLABORATION. | MissionDescription |
| Significant New Program Services | 1 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 5100991 | Expense |
| Description | PUBLIC CHARTER SCHOOLS SERVICING GRADES K-5, 6-8, AND 9-11. | Description |
| Total Program Service Expense | 5100991 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 10 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 100 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 11 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 11 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHRISTINA VOGEL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3232357960 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 78999 | AddressLine1 |
| City | LOS ANGELES | City |
| State | CA | State |
| ZIP Code | 90016 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (17 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| JENNY PENA | ||||||
| BOARD PRESIDENT | 2.00 | X | X | 0 | 0 | 0 |
| MASAKO CARPENTER | ||||||
| BOARD TREASURER | 2.00 | X | X | 0 | 0 | 0 |
| JARED SOPKO | ||||||
| BOARD SECRETARY | 2.00 | X | X | 0 | 0 | 0 |
| TIFFANY SANDERS | ||||||
| MEMBER | 2.00 | X | 0 | 0 | 0 | |
| ANA TERESA DAHAN | ||||||
| MEMBER | 2.00 | X | 0 | 0 | 0 | |
| JOANN KOPLIN | ||||||
| MEMBER | 2.00 | X | 0 | 0 | 0 | |
| DAVID WOOLLARD | ||||||
| MEMBER | 2.00 | X | 0 | 0 | 0 | |
| ASHWIN VASAVADA | ||||||
| MEMBER | 2.00 | X | 0 | 0 | 0 | |
| ERIC MEDINA | ||||||
| MEMBER | 2.00 | X | 0 | 0 | 0 | |
| BRIAN HOLMAN | ||||||
| MEMBER | 2.00 | X | 0 | 0 | 0 | |
| CHRIS CHANDLER | ||||||
| MEMBER | 2.00 | X | 0 | 0 | 0 | |
| MARGARET PALISOC | ||||||
| CHIEF EXECUTIVE OFFICER | 40.00 | X | 88431 | 0 | 12315 | |
| RANDOLPH PALISOC | ||||||
| CHIEF ACHIEVEMENT OFFICER | 40.00 | X | 89283 | 0 | 12315 | |
| JENNIFER EPPS | ||||||
| DIRECTOR, SYNERGY CHARTER ACADEMY | 40.00 | X | 78745 | 0 | 16872 | |
| RUSSELL LAWTON | ||||||
| DIRECTOR, SYNERGY KINETIC ACADEMY | 40.00 | X | 71348 | 0 | 11519 | |
| BARBARA SHANNON | ||||||
| DIRECTOR, SYNERGY QUANTUM ACADEMY | 40.00 | X | 78647 | 0 | 30057 | |
| ERIKA CHUA | ||||||
| DIRECTOR OF OPERATIONS | 40.00 | X | 67683 | 0 | 16872 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 474137 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 99950 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Fundraising Events | 541121 | FundraisingEvents |
| Government Grants | 9140001 | GovernmentGrants |
| Total Contributions | 9681122 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4462 | TotalRevenueColumn |
| Exclusion | $4,462 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 66617 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 541121 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 18803 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 47814 | TotalRevenueColumn |
| Exclusion | $47,814 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER REVENUE | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 3553 | TotalRevenueColumn |
| Related Or Exempt Function Income | 3553 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 3553 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 9736951 | TotalRevenueColumn |
| Related Or Exempt Function Income | 3553 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $52,276 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 627763 | Total |
| Program Services | 476070 | ProgramServices |
| Management And General | 151693 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3201406 | Total |
| Program Services | 2331757 | ProgramServices |
| Management And General | 869649 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 591391 | Total |
| Program Services | 430329 | ProgramServices |
| Management And General | 161062 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 133181 | Total |
| Program Services | 71052 | ProgramServices |
| Management And General | 62129 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 155754 | Total |
| Management And General | 155754 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 44888 | Total |
| Management And General | 44888 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14085 | Total |
| Management And General | 14085 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 212548 | Total |
| Program Services | 167147 | ProgramServices |
| Management And General | 45401 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 736502 | Total |
| Program Services | 357106 | ProgramServices |
| Management And General | 379396 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 69570 | Total |
| Program Services | 69570 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 339666 | Total |
| Program Services | 199113 | ProgramServices |
| Management And General | 140553 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17777 | Total |
| Management And General | 17777 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11668 | Total |
| Program Services | 11668 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24835 | Total |
| Program Services | 24835 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 157910 | Total |
| Management And General | 157910 | ManagementAndGeneral |
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| SPECIAL EDUCATION | 577635 | 577635 |
| AFTER-SCHOOL PROGRAMS | 257697 | 257697 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 151290 | Total |
| Program Services | 127012 | ProgramServices |
| Management And General | 24278 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7325566 | Total |
| Program Services | 5100991 | ProgramServices |
| Management And General | 2224575 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1449274 | BOY |
| EOY | 60181 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 2495583 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1381362 | BOY |
| EOY | 2857142 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 100664 | BOY |
| EOY | 71992 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 241847 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 193665 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27737 | BOY |
| EOY | 48182 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2959037 | BOY |
| EOY | 5533080 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 413469 | BOY |
| EOY | 428791 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 188713 | BOY |
| EOY | 336049 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 602182 | BOY |
| EOY | 764840 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2312798 | BOY |
| EOY | 4626729 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44057 | BOY |
| EOY | 141511 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2356855 | BOY |
| EOY | 4768240 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2959037 | BOY |
| EOY | 5533080 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 2411385 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 241847 | OtherCostOrOtherBasis |
| Depreciation | 193665 | Depreciation |
| Book Value | 48182 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 48182 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PAYROLL LIABILITIES | Description |
| Amount | $336,049 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 336049 | TotalOfAmounts |
| Total Revenue | 9736951 | TotalRevenue |
| Total Expenses | 7325566 | TotalExpenses |
| Excess Or Deficit For Year | 2411385 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | 2411385 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 9755754 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | 18803 | OtherRevenues |
| Revenue Not Rptd F990 | 18803 | RevenueNotRptdF990 |
| Revenue Subtotal | 9736951 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 9736951 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 7344369 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 18803 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 18803 | ExpensesNotRptdF990 |
| Expenses Subtotal | 7325566 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 7325566 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | SYNERGY HAS EVALUATED ITS TAX POSITIONS AND THE CERTAINTY AS TO WHETHER THOSE POSITIONS WILL BE SUSTAINED IN THE EVENT OF AN AUDIT BY TAXING AUTHORITIES AT THE FEDERAL AND STATE LEVELS. THE PRIMARY TAX POSITIONS EVALUATED ARE RELATED TO ITS CONTINUED QUALIFICATION AS A TAX-EXEMPT ORGANIZATION AND WHETHER THERE ARE UNRELATED BUSINESS INCOME ACTIVITIES CONDUCTED THAT WOULD BE TAXABLE. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. SYNERGY FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF CALIFORNIA. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | FUNDRAISING EXPENSE 18,803. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | FUNDRAISING EXPENSE 18,803. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 0 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | SYNERGY ACADEMIES MAKES ITS NONDISCRIMINATORY POLICY KNOWN THROUGH THEIR WEBSITE AND ON THE STUDENT'S APPLICATIONS. SYNERGY DRAWS ITS STUDENTS FROM THE LOCAL COMMUNITY, AND CURRENTLY ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS (92.5% LATINO, 7% AFRICAN-AMERICAN, AND .5% OTHER). |
| EXPLANATION OF DOCUMENT RETENTION | SCHEDULE E, PART I, LINE 4 | NO RECORDS DOCUMENTING SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE ARE MAINTAINED AS NO FINANCIAL ASSISTANCE IS PROVIDED. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | AS A CHARTER SCHOOL, SYNERGY ACADEMIES WILL RECEIVE A PER ADA FEE FROM THE CALIFORNIA DEPARTMENT OF EDUCATION FOR EVERY PUPIL ATTENDING THE SCHOOL. ADDITIONALLY, SYNERGY ACADEMIES IS ELIGIBLE FOR LOCAL, STATE, AND FEDERAL PROGRAMS, AND CALIFORNIA LOTTERY FUNDS. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | WASHINGTON DC | NameOfEvent1 |
| Gross Receipts Event1 | 25206 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 25206 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 2074 | OtherDirectExpensesEvent1 |
| Name Of Event2 | CHEESECAKE FUNDRAISER | NameOfEvent2 |
| Gross Receipts Event2 | 7447 | GrossReceiptsEvent2 |
| Gross Revenue Event2 | 7447 | GrossRevenueEvent2 |
| Other Direct Expenses Event2 | 4274 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 15 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 575085 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 541121 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 33964 | GrossRevenueOtherEvents |
| Other Direct Expenses Other Events | 12455 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 607738 | GrossReceiptsTotal |
| Charitable Contributions Total | 541121 | CharitableContributionsTotal |
| Gross Revenue Total Events | 66617 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 18803 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 18803 | DirectExpenseSummaryEvents |
| Net Income Summary | 47814 | NetIncomeSummary |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| NEW PROGRAM SERVICES | FORM 990, PART III, LINE 2 | IN THE CURRENT YEAR, SYNERGY ACADEMIES ADDED A HIGH SCHOOL, GRADES 9-11. |
| FORM 990, PART VI, SECTION A, LINE 2 | MARGARET PALISOC, THE CEO AND CO-FOUNDER OF SYNERGY ACADEMIES, IS MARRIED TO RANDOLPH PALISOC, THE CHIEF ACHIEVEMENT OFFICER AND CO-FOUNDER OF SYNERGY ACADMIES. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE 990 RETURN IS INITIALLY REVIEWED BY MANAGEMENT AND THEN REVIEWED BY THE BOARD PRIOR TO FILING THE RETURN. | |
| FORM 990, PART VI, SECTION B, LINE 12C | SYNERGY'S OFFICERS, DIRECTORS OR TRUSTEES, AND KEY EMPLOYEES COMPLETE FORM 700 EACH YEAR TO PUBLICLY DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. FORM 700 IS A PUBLIC DOCUMENT, AND COPIES ARE RETAINED AT SYNERGY ACADMIES AND THE ORIGINALS ARE MAINTAINED BY THE LOS ANGELES UNIFIED SCHOOL DISTRICT. | |
| FORM 990, PART VI, SECTION B, LINE 15 | SYNERGY ACADMIES HAS A COMPENSATION POLICY IN WHICH NO MANAGMENT OFFICAL INCLUDING DIRECTORS AND KEY EMPLOYEES MAY BE COMPENSATED WITHOUT BOARD APPROVAL. IN ADDITION, THE REASONABLENESS OF COMPENSATION WILL BE REVIEWED TO COMPARABLE DATA AND THE DELIBERATION AND DECISION OF THE REASONABLENESS OF THE COMPENSATION WILL BE DOCUMENTED IN THE CORPORATE MINUTE BOOKS. THIS PROCESS WILL REVIEW THE FAIRNESS OF ANY COMPENSATION TO THESE TOP MANAGEMENT OFFICALS UPON THEIR HIRE OR CHANGE IN COMPENSATION. | |
| FORM 990, PART VI, SECTION C, LINE 18 | THE SCHOOL PROVIDES A COPY OF THE 990 TO THE PUBLIC UPON REQUEST. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE SCHOOL PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. | |
| FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT IS RESPONSIBLE FOR OVERSEEING THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM PREVIOUS YEAR. |
Comments