Civic Intelligence

826 Valencia

990 • Fiscal year 2023 • EIN 04-3694151

Jul 01, 2022 to Jun 30, 2023 • Filed on May 09, 2024

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

46th percentile

0.15x

Higher debt load relative to assets than 46% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

61st percentile

0.39x

Higher debt load relative to revenue than 61% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

44th percentile

1.6%

Higher net margin than 44% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

62nd percentile

$217,792

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

71st percentile

15%

Faster asset growth than 71% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

41st percentile

1.3%

Faster revenue growth than 41% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$15,159,767

Up $1,921,439 (+15%) from 2022

Net Assets

Up

$12,834,259

Up $59,332 (+0.5%) from 2022

Liabilities

Up

$2,325,508

Up $1,862,107 (+402%) from 2022

Revenue

Up

$6,019,404

Up $74,726 (+1.3%) from 2022

Expenses

Up

$5,920,943

Up $830,595 (+16%) from 2022

Net Income

Down

$98,461

Down $755,869 (-88%) from 2022

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

2023

Assets$15,159,767
Liabilities$2,325,508
Net Assets$12,834,259

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

2023

Revenue$6,019,404
Expenses$5,920,943
Net Income$98,461
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 9, 2024
Return Version
2022v5.0
Gross Receipts
$6,163,304
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$8,049,935$8,450,209▲ $400,274
Pledges and Grants Receivable$1,288,400$1,796,948▲ $508,548
Land, Buildings, and Equipment, Net$1,751,102$1,555,220▼ $195,882
Cash and Non-Interest-Bearing Accounts$1,325,594$1,316,391▼ $9,203
Accounts Receivable$427,377$0▼ $427,377
Prepaid Expenses and Deferred Charges$119,312$59,365▼ $59,947
Inventories for Sale or Use$43,569$50,537▲ $6,968
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$13,238,328$15,159,767▲ $1,921,439
Other Assets Total$233,039$1,931,097▲ $1,698,058
Liabilities
Other Liabilities$301,569$2,081,465▲ $1,779,896
Accounts Payable and Accrued Expenses$136,832$244,043▲ $107,211
Deferred Revenue$25,000--
Total Liabilities$463,401$2,325,508▲ $1,862,107
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,954,822$11,594,259▼ $360,563
Net Assets With Donor Restrictions$820,105$1,240,000▲ $419,895
Total Net Assets Fund Balance$12,774,927$12,834,259▲ $59,332
Total Liabilities and Net Assets / Fund Balance$13,238,328$15,159,767▲ $1,921,439

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,553,864$1,334,707$2,888,571
Equipment$1,356$47,801$49,157
Other Assets Org$1,857,567--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bita NazarianExecutive DirectorFT$202,410$15,382$217,792
Miranda LingDirector Grants/GivingFT$134,969$11,478$146,447
Christina PerryAssoc. DirectorFT$114,559$9,196$123,755
Kathleen PeltierDirectorFT$109,595$13,239$122,834
Nicholas ParkerFinance DirectorFT$100,346$8,170$108,516

Board Members and Trustees

NameTitle
Lisa BrownBoard Chair
Ana LunaBoard Member
Bianca CatalanBoard Member
Bill BourdonBoard Member
Carolyn Feinstein EdwardsBoard Member
Enikia Ford MorthelBoard Member
Ipek BurnettBoard Member
Joe VasquezBoard Member
Josh McHughBoard Member
Keith HunterBoard Member
Monica VarmanBoard Member
Osvaldo MarquezBoard Member
Rachel YeamanBoard Member
Scott RubinBoard Member
Shikha DondeBoard Member
Liza RamraykaBoard Secretary
Ambar BhattacharyyaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,614,637
Program Service Revenue
$0
Investment Income
$158,038
Other Revenue
$246,729
All Other Contributions
$4,441,495
Change in Net Assets
$98,461

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,019,404
Revenue Not Reported on Form 990
$88,675
Total Revenue per Audited Statements
$6,108,079
Total Revenue per Form 990
$6,019,404
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,944,530
Other Expenses$1,869,313
Total Fundraising Expense$619,871
Grants and Similar Amounts Paid$107,100
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,435,591$216,360$393,013$3,044,964
Fees for Services Other$548,740$83,117$617$632,474
Other Employee Benefits$262,685$128,158$43,294$434,137
Occupancy$297,259$28,573$20,081$345,913
Payroll Taxes$200,767$17,249$32,396$250,412
Current Officers, Directors, Trustees, and Key Employees$171,987$15,278$27,752$215,017
Depreciation Depletion$181,535$18,998$10,554$211,087
Office Expenses$136,261$37,691$29,706$203,658
Grants to Domestic Individuals$107,100--$107,100
Other Expenses$44,846$525$22,167$67,538
All Other Expenses$48,039$2,133$5,921$56,093
Insurance$20,856$28,514$3,177$52,547
Travel$28,001$11,230$5,823$45,054
Information Technology$17,996$3,483$4,064$25,543
Conferences and Meetings$166$188-$354
Total Functional Expenses$4,610,501$690,571$619,871$5,920,943

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,048,747
Expenses per Audited Statements$5,920,943
Total Expenses per Form 990$5,920,943
Expenses Not Reported on Form 990$127,804
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$295,751
Fundraising Direct Expenses$118,696
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Event$295,751$295,751$118,696$177,055
Total Events$295,751$295,751$118,696$177,055
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
Lease liability, long-term portion$1,801,192
Lease liability, current portion$192,616
Sabbatical liability$87,657
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, Section B, Line 11B

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, Section B, Line 12C

It is the policy of the organization to require fiduciaries to provide fulldisclosure 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 theorganization. Each fiduciary must execute a conflict of interest disclosurestatement and questionnaire. The board of directors reviews all disclosures andpotential conflicts and recommend a course of action, if necessary.

Form 990, Part VI, Section B, Line 15A

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

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

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

Signing Officer

Name
Bita Nazarian
Title
Executive Director
Signed
2024-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bita Nazarian
Formed
2002
Legal Domicile
CA
Voting Board Members
18
Independent Board Members
17
Employees
72
Volunteers
806

Preparer

Firm
Healy and Associates
Address
1200 CONCORD AVE STE 250, CONCORD, CA 94520
Preparer
Suzanne R Healy
Phone
9256030800
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

OTHER PROGRAM SERVICES 4: Workshops:In our Workshop program, we served 260+ students during the 2022-2023 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 438 students in summer 2022 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. 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 FY23, we awarded five 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 329 twelth-graders with college application essay support through in-person workshops at our centers and with partner schools. Our Youth Leadership Advisory Board and Middle School Leadership Program offered paid internships, leadership development, and career readiness support to 80 teens. We also provided hands-on work experience and stipends to 90 high school, 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 childrens toys, and serve as a community touch-point in the neighborhoods where we operate. Other Programs also include the design and publishing infrastructure for our various publishing programs, and our volunteer programs.

Form 990, Part XI, Line 9

Bad debt = -$39129

Financial Statement Notes

Part XII, Line 2D: Other expenses and losses per audited F/S

Bad Debt $39129

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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 FY23, we supported 16 teachers and 570 students at 5 schools, establishing regular weekly partnerships with classrooms and supporting a variety of writing projects. One highlight was our Young Authors Book Project in spring 2023. We worked with tenth and eleventh grade students at The Academy at McAteer, where students explored the invisible and visible parts of their identities and worked with 826 staff and tutors to craft powerful pieces of writing. We published their work in a book entitled, ""Never Forever Last"" which was released at a book release event in May of 2023.
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IRS990/Form990PartVIISectionAGrp/PersonNm10Joe Vasquez
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IRS990/Form990PartVIISectionAGrp/PersonNm18Josh McHugh
IRS990/Form990PartVIISectionAGrp/PersonNm19Shikha Donde
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IRS990/Form990PartVIISectionAGrp/PersonNm21Ipek Burnett
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt1Dir. Grants/Giving
IRS990/Form990PartVIISectionAGrp/TitleTxt2Assoc. Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Finance Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt7Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt14Board Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt20Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt21Board Member
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IRS990/MissionDesc0826 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.
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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