Civic Intelligence

826 Valencia

990 • Fiscal year 2022 • EIN 04-3694151

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 28, 2023

826 Valencia StSan Francisco, CA 94110

(415) 642-5905

Siviq Scores

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

Liabilities / Assets

25th percentile

0.04x

Higher debt load relative to assets than 25% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

26th percentile

0.08x

Higher debt load relative to revenue than 26% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

64th percentile

14%

Higher net margin than 64% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

58th percentile

$201,079

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

56th percentile

2.7%

Faster asset growth than 56% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

65th percentile

14%

Faster revenue growth than 65% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$13,238,328

Up $351,586 (+2.7%) from 2021

Net Assets

Up

$12,774,927

Up $854,330 (+7.2%) from 2021

Liabilities

Down

$463,401

Down $502,744 (-52%) from 2021

Revenue

Up

$5,944,678

Up $731,176 (+14%) from 2021

Expenses

Up

$5,090,348

Up $1,055,743 (+26%) from 2021

Net Income

Down

$854,330

Down $324,567 (-28%) from 2021

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $1,936,089Liabilities 2010: $163,492Net Assets 2010: $1,772,5972010Assets 2011: $2,037,479Liabilities 2011: $287,967Net Assets 2011: $1,749,5122011Assets 2012: $2,117,961Liabilities 2012: $262,206Net Assets 2012: $1,855,7552012Assets 2013: $1,972,599Liabilities 2013: $267,811Net Assets 2013: $1,704,7882013Assets 2014: $2,347,772Liabilities 2014: $321,203Net Assets 2014: $2,026,5692014Assets 2015: $4,069,991Liabilities 2015: $394,089Net Assets 2015: $3,675,9022015Assets 2016: $7,217,470Liabilities 2016: $544,204Net Assets 2016: $6,673,2662016Assets 2017: $7,233,194Liabilities 2017: $591,683Net Assets 2017: $6,641,5112017Assets 2018: $8,401,222Liabilities 2018: $584,382Net Assets 2018: $7,816,8402018Assets 2019: $10,544,965Liabilities 2019: $557,383Net Assets 2019: $9,987,5822019Assets 2020: $11,751,151Liabilities 2020: $1,009,451Net Assets 2020: $10,741,7002020Assets 2021: $12,886,742Liabilities 2021: $966,145Net Assets 2021: $11,920,5972021Assets 2022: $13,238,328Liabilities 2022: $463,401Net Assets 2022: $12,774,9272022Assets 2023: $15,159,767Liabilities 2023: $2,325,508Net Assets 2023: $12,834,2592023Assets 2024: $16,404,012Liabilities 2024: $2,535,971Net Assets 2024: $13,868,0412024Assets 2025: $19,395,442Liabilities 2025: $2,374,178Net Assets 2025: $17,021,2642025

Highlighted filing

2022

Assets$13,238,328
Liabilities$463,401
Net Assets$12,774,927

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $847,9132010Expenses 2011: $1,082,6692011Expenses 2012: $1,144,7652012Revenue 2013: $1,178,831Expenses 2013: $1,342,010Net Income 2013: -$163,1792013Revenue 2014: $1,818,505Expenses 2014: $1,473,757Net Income 2014: $344,7482014Revenue 2015: $3,326,733Expenses 2015: $1,677,400Net Income 2015: $1,649,3332015Revenue 2016: $4,989,579Expenses 2016: $1,992,215Net Income 2016: $2,997,3642016Revenue 2017: $2,793,154Expenses 2017: $2,801,783Net Income 2017: -$8,6292017Revenue 2018: $4,361,413Expenses 2018: $3,190,593Net Income 2018: $1,170,8202018Revenue 2019: $5,904,149Expenses 2019: $3,733,407Net Income 2019: $2,170,7422019Revenue 2020: $5,032,210Expenses 2020: $4,278,092Net Income 2020: $754,1182020Revenue 2021: $5,213,502Expenses 2021: $4,034,605Net Income 2021: $1,178,8972021Revenue 2022: $5,944,678Expenses 2022: $5,090,348Net Income 2022: $854,3302022Revenue 2023: $6,019,404Expenses 2023: $5,920,943Net Income 2023: $98,4612023Revenue 2024: $7,544,342Expenses 2024: $6,455,560Net Income 2024: $1,088,7822024Revenue 2025: $10,068,999Expenses 2025: $6,915,776Net Income 2025: $3,153,2232025

Highlighted filing

2022

Revenue$5,944,678
Expenses$5,090,348
Net Income$854,330
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 28, 2023
Return Version
2021v4.1
Gross Receipts
$5,977,240
Mission and Program Overview

Mission

826 Valencia is a San Francisco-based nonprofit organization dedicated to supportingstudents ages 6 to 18 with their writing skills and helping teachers get theirstudents excited about writing. Our work is based on the understanding that strongwriting skills are fundamental to future success and that great leaps in learningcan be made when skilled tutors work one-on-one with students.

Supporting students ages 6 to 18 with their writing skills & helping teachers get students excited about writing. We advocate that strong writing skills are fundamental to future success & that great leaps in learning can be made when skilled tutors work one-on-one with students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,429,746$8,049,935▲ $620,189
Land, Buildings, and Equipment, Net$1,964,675$1,751,102▼ $213,573
Cash and Non-Interest-Bearing Accounts$2,167,391$1,325,594▼ $841,797
Pledges and Grants Receivable$988,197$1,288,400▲ $300,203
Accounts Receivable$155,620$427,377▲ $271,757
Prepaid Expenses and Deferred Charges$122,267$119,312▼ $2,955
Inventories for Sale or Use$58,846$43,569▼ $15,277
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$12,886,742$13,238,328▲ $351,586
Other Assets Total-$233,039-
Liabilities
Other Liabilities$820,641$301,569▼ $519,072
Accounts Payable and Accrued Expenses$145,504$136,832▼ $8,672
Deferred Revenue-$25,000-
Total Liabilities$966,145$463,401▼ $502,744
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,566,720$11,954,822▲ $1,388,102
Net Assets With Donor Restrictions$1,353,877$820,105▼ $533,772
Total Net Assets Fund Balance$11,920,597$12,774,927▲ $854,330
Total Liabilities and Net Assets / Fund Balance$12,886,742$13,238,328▲ $351,586

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,747,602$1,125,761$2,873,363
Equipment$3,500$99,720$103,220
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bita NazarianExecutive DirectorFT$186,437$14,642$201,079
Nicholas ParkerFinance DirectorFT$106,396$7,921$114,317

Board Members and Trustees

NameTitle
Jim LesserPresident
Alex LernerBoard Member
Anna LunaBoard Member
Carolyn Feinstein EdwardsBoard Member
Colleen AmsterBoard Member
Dave PellBoard Member
Jasmine BerjiklyBoard Member
Joe VasquezBoard Member
Keith HunterBoard Member
Lisa BrownBoard Member
Liza RamraykaBoard Member
Nikki MorthelBoard Member
Osvaldo MarquezBoard Member
Rachel YeamanBoard Member
Scott RubinBoard Member
Eric AbramsSecretary
Ambar BhattacharyyaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,372,767
Program Service Revenue
$0
Investment Income
$-480,959
Other Revenue
$52,870
All Other Contributions
$4,904,952
Change in Net Assets
$854,330

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$132,362Fair Market Value (FMV)
Other Non Cash Contri Table1$3,957Fair Market Value (FMV)
Total Noncash Contributions4$136,319-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,944,678
Revenue Not Reported on Form 990
$75,655
Total Revenue per Audited Statements
$6,020,333
Total Revenue per Form 990
$5,944,678
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,260,992
Other Expenses$1,757,856
Total Fundraising Expense$513,002
Grants and Similar Amounts Paid$71,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,049,595$105,171$294,475$2,449,241
Fees for Services Other$522,203$12,030$6,373$540,606
Current Officers, Directors, Trustees, and Key Employees$200,184$63,652$73,440$337,276
Occupancy$255,306$28,796$14,713$298,815
Office Expenses$149,377$96,088$27,298$272,763
Other Employee Benefits$197,229$30,231$12,212$239,672
Payroll Taxes$174,973$28,403$13,035$216,411
Depreciation Depletion$183,673$19,221$10,679$213,573
Grants to Domestic Individuals$71,500--$71,500
Payments to Affiliates$48,119$8,267$3,614$60,000
Fees for Services Accounting-$50,042-$50,042
Insurance$19,353$19,886$3,142$42,381
Other Expenses$15,695$16,114$8,440$40,249
Travel$25,197$10,433$4,320$39,950
Information Technology$17,987$8,732$12,244$38,963
Conferences and Meetings$15,240$3,308$6,379$24,927
Pension Plan Contributions$15,483$2,250$659$18,392
Total Functional Expenses$4,012,720$564,626$513,002$5,090,348

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,166,003
Expenses per Audited Statements$5,090,348
Total Expenses per Form 990$5,090,348
Expenses Not Reported on Form 990$75,655
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Scholarships payable$184,568
Accrued Rent$117,001
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
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 11B: Form 990 Review Process

The executive and finance committees of the organization's board review the 990, after which, a copy is provided to the whole Board prior to filing.

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

It is the policy of the organization to require fiduciaries to provide full disclosure of any contemplated or existing activities or transactions that could create a conflict of interest, or the appearance of a conflict of interest. Fiduciaries include each director, officer, and administrative employee of the organization. Each fiduciary must execute a conflict of interest disclosure statement and questionnaire. The board of directors reviews all disclosures and potential conflicts and recommend a course of action, if necessary.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The independent board determines the compensation of the Executive Director based on its evaluation of his/her performance and by gathering data on comparable compensation within the industry. The review that was conducted was formal, and compensation was approved by the full board.

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

Governing documents, conflict of interest policy and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
826 Valencia Inc
EIN
04-3694151
Phone
4156425905
Address
826 Valencia St, San Francisco, CA 94110

Signing Officer

Name
Bita Nazarian
Title
Executive Director
Signed
2023-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bita Nazarian
Formed
2002
Legal Domicile
CA
Voting Board Members
16
Independent Board Members
16
Employees
63
Volunteers
737

Preparer

Firm
Crosby & Kaneda CPAs LLP
Address
1970 Broadway STE 930, Oakland, CA 94612
Preparer
Felix Gorrindo
Phone
5108352727
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Workshops: In our Workshop program, we served 139 students during the 2021-2022 school year. Students learned about the concept of community and reflected on the different communities to which they belong. Students wrote powerfully about the futures they wanted to see for themselves, including crafting odes to important community members (teachers, family members, sports coaches, friends, etc.) and tales that addressing community challenges such as pollution, homelessness, food scarcity, and bullying. OTHER PROGRAM SERVICES 5: Summer Workshops and Camps: We served 261 students in summer 2021 through project-based writing camps and workshops. Programs included: A) Exploring Words Summer Camp, where students in grades 3-5 complete a series of social justice themed writing projects; B) Exploring Leadership Summer Camp, where students in grades 6-8 develop leadership and communication skills by exploring issues that face their communities; C) Young Author's Workshop (YAW), an creative writing camp where high schoolers explore a range of literary genres and compose literary works; and D) writing workshops for students in grades 3-8 through our community partners in the Tenderloin. In response to feedback from families, we offered in-person programming options. OTHER PROGRAM SERVICES 6: College Career Readiness: 826 Valencia provides middle and high schoolers with opportunities to build skills, knowledge, and resources that strengthen the high school-to-college-to-career pathway. In FY22, we awarded six 4-year $20,000 college scholarships to graduating seniors who will also receive ongoing college persistence and completion support through our partner org, ScholarMatch. We provided another 160 12th-graders with college application essay support through multi-week, in-person workshops with partner schools. Our Youth Leadership Advisory Board and Middle School Leadership Program offered paid internships, leadership development, and career readiness support to 88 teens. We also provided hands-on work experience and stipends to 78 high school and college students and transitional aged youth (TAY) who interned with our education, volunteer, design, and store teams. OTHER PROGRAM SERVICES 7: Other Program Accomplishments include the operation of 2 retail stores. The stores sell educational materials, books for children, and other whimsical children's toys, and serve as a community touch-point in the neighborhoods where we operate. Other Program Accomplishments also include the design and publishing infrastructure for our various publishing programs, and our volunteer programs.

Financial Statement Notes

Part X : FIN48 Footnote

The Internal Revenue Service and the California Franchise Tax Board have determined that the Organization is exempt from federal and state income taxes under IRC 501(c)(3) and California RTC 23701(d). The Organization has evaluated its current tax positions as of June 30, 2022 and is not aware of any significant uncertain tax positions for which a reserve would be necessary. The Organizations tax returns are generally subject to examination by federal and state taxing authorities for three and four years, respectively, after they are filed.

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IRS990/Desc0In-School Programs: 826 Valencia partners with public schools throughout San Francisco to collaboratively develop writing curricula. We also bring teams of 826 staff and volunteer tutors to partner schools where we support students 3:1 with writing projects. In FY22, we supported 17 teachers and 675 students at 6 schools, establishing regular weekly partnerships with classrooms and supporting a variety of writing projects. One highlight was our Young Authors Book Project in spring 2022. We worked with students at June Jordan School for Equity, where students explored speculative fiction and worked with 826 staff and tutors to craft powerful pieces of writing. We published their work in a book entitled, ""The Hidden Secret"" which was released at an outdoor reading event in May of 2022.
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IRS990/Form990PartVIISectionAGrp/PersonNm2Jim Lesser
IRS990/Form990PartVIISectionAGrp/PersonNm3Ambar Bhattacharyya
IRS990/Form990PartVIISectionAGrp/PersonNm4Eric Abrams
IRS990/Form990PartVIISectionAGrp/PersonNm5Dave Pell
IRS990/Form990PartVIISectionAGrp/PersonNm6Alex Lerner
IRS990/Form990PartVIISectionAGrp/PersonNm7Colleen Amster
IRS990/Form990PartVIISectionAGrp/PersonNm8Nikki Morthel
IRS990/Form990PartVIISectionAGrp/PersonNm9Jasmine Berjikly
IRS990/Form990PartVIISectionAGrp/PersonNm10Keith Hunter
IRS990/Form990PartVIISectionAGrp/PersonNm11Lisa Brown
IRS990/Form990PartVIISectionAGrp/PersonNm12Carolyn Feinstein Edwards
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IRS990/Form990PartVIISectionAGrp/PersonNm14Osvaldo Marquez
IRS990/Form990PartVIISectionAGrp/PersonNm15Liza Ramrayka
IRS990/Form990PartVIISectionAGrp/PersonNm16Joe Vasquez
IRS990/Form990PartVIISectionAGrp/PersonNm17Rachel Yeaman
IRS990/Form990PartVIISectionAGrp/PersonNm18Scott Rubin
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
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IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
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IRS990/MissionDesc0826 Valencia is a San Francisco-based nonprofit organization dedicated to supporting students ages 6 to 18 with their writing skills and helping teachers get their students excited about writing. Our work is based on the understanding that strong writing skills are fundamental to future success and that great leaps in learning can be made when skilled tutors work one-on-one with students.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Other Program Accomplishments include the operation of 2 retail stores. The stores sell educational materials, books for children, and other whimsical children's toys, and serve as a community touch-point in the neighborhoods where we operate. Other Program Accomplishments also include the design and publishing infrastructure for our various publishing programs, and our volunteer programs.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$19.4$2.37$17.0$10.1$6.92$3.15
2024Detailed filing. Detailed filing data is available for this year.$16.4$2.54$13.9$7.54$6.46$1.09
2023Detailed filing. Detailed filing data is available for this year.$15.2$2.33$12.8$6.02$5.92$0.10
2022Detailed filing. Detailed filing data is available for this year.$13.2$0.46$12.8$5.94$5.09$0.85
2021Detailed filing. Detailed filing data is available for this year.$12.9$0.97$11.9$5.21$4.03$1.18
2020Detailed filing. Detailed filing data is available for this year.$11.8$1.01$10.7$5.03$4.28$0.75
2019Detailed filing. Detailed filing data is available for this year.$10.5$0.56$9.99$5.90$3.73$2.17
2018Detailed filing. Detailed filing data is available for this year.$8.40$0.58$7.82$4.36$3.19$1.17
2017Detailed filing. Detailed filing data is available for this year.$7.23$0.59$6.64$2.79$2.80$0.01
2016Detailed filing. Detailed filing data is available for this year.$7.22$0.54$6.67$4.99$1.99$3.00
2015Summary only. Only limited summary data is available for this year.$4.07$0.39$3.68$3.33$1.68$1.65
2014Detailed filing. Detailed filing data is available for this year.$2.35$0.32$2.03$1.82$1.47$0.34
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.97$0.27$1.70$1.18$1.34$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.12$0.26$1.86$1.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.04$0.29$1.75$1.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$0.16$1.77$0.85