Civic Intelligence

Santa Clara County Tobacco Securitization Corporation

990EZ • Fiscal year 2016 • EIN 20-8196689

Jul 01, 2015 to Jun 30, 2016 • Filed on Mar 31, 2017

Organization ProfileN/A
70 W Hedding Street East Wing 2ndFlSan Jose, CA 95110

(408) 299-5253

Siviq Scores

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

Liabilities / Assets

100th percentile

455.39x

Higher debt load relative to assets than 100% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

100th percentile

1394.09x

Higher debt load relative to revenue than 100% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

1st percentile

-7858%

Higher net margin than 1% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

60th percentile

7.6%

Faster asset growth than 60% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

54th percentile

3.0%

Faster revenue growth than 54% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets100th percentile

Assets

Up

$387,800

Up $27,229 (+7.6%) from 2015

Net Assets

Down

-$176,211,558

Down $9,954,201 (-6.0%) from 2015

Liabilities

Up

$176,599,358

Up $9,981,430 (+6.0%) from 2015

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Up

$126,677

Up $3,690 (+3.0%) from 2015

Expenses

Up

$10,080,878

Up $581,979 (+6.1%) from 2015

Net Income

Down

-$9,954,201

Down $578,289 (-6.2%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

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

$400M$200M$0-$200M-$400MAssets 2015: $360,571Liabilities 2015: $166,617,928Net Assets 2015: -$166,257,3572015Assets 2016: $387,800Liabilities 2016: $176,599,358Net Assets 2016: -$176,211,5582016Assets 2017: $449,655Liabilities 2017: $187,190,920Net Assets 2017: -$186,741,2652017Assets 2018: $504,343Liabilities 2018: $198,404,194Net Assets 2018: -$197,899,8512018Assets 2019: $574,065Liabilities 2019: $210,299,852Net Assets 2019: -$209,725,7872019Assets 2020: $642,780Liabilities 2020: $222,917,812Net Assets 2020: -$222,275,0322020Assets 2021: $688,020Liabilities 2021: $236,272,738Net Assets 2021: -$235,584,7182021Assets 2022: $766,190Liabilities 2022: $250,469,361Net Assets 2022: -$249,703,1712022Assets 2023: $836,902Liabilities 2023: $265,486,254Net Assets 2023: -$264,649,3522023Assets 2024: $942,627Liabilities 2024: $281,432,508Net Assets 2024: -$280,489,8812024Assets 2025: $1,055,158Liabilities 2025: $298,330,501Net Assets 2025: -$297,275,3432025

Highlighted filing

2016

Assets$387,800
Liabilities$176,599,358
Net Assets-$176,211,558
Open 2016 Filing

Operations Trend

Revenue Growth54th percentile

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

$20M$10M$0-$10M-$20MRevenue 2015: $122,987Expenses 2015: $9,498,899Net Income 2015: -$9,375,9122015Revenue 2016: $126,677Expenses 2016: $10,080,878Net Income 2016: -$9,954,2012016Revenue 2017: $130,477Expenses 2017: $10,660,184Net Income 2017: -$10,529,7072017Revenue 2018: $137,908Expenses 2018: $11,296,494Net Income 2018: -$11,158,5862018Revenue 2019: $147,093Expenses 2019: $11,973,029Net Income 2019: -$11,825,9362019Revenue 2020: $148,689Expenses 2020: $12,697,934Net Income 2020: -$12,549,2452020Revenue 2021: $146,913Expenses 2021: $13,456,599Net Income 2021: -$13,309,6862021Revenue 2022: $151,881Expenses 2022: $14,270,334Net Income 2022: -$14,118,4532022Revenue 2023: $180,205Expenses 2023: $15,126,386Net Income 2023: -$14,946,1812023Revenue 2024: $203,811Expenses 2024: $16,044,340Net Income 2024: -$15,840,5292024Revenue 2025: $209,051Expenses 2025: $16,994,513Net Income 2025: -$16,785,4622025

Highlighted filing

2016

Revenue$126,677
Expenses$10,080,878
Net Income-$9,954,201
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 31, 2017
Return Version
2015v3.0
Gross Receipts
$126,677
Mission and Program Overview

Mission

The Organization was created for the benefit of the County of Santa Clara by helping to manage the risks related to future receipt of tobacco settlement payments (TSPs) and facilitate the efficient use of TSPs and thereby lessen the burdens of government.

Program Services

DescriptionGrantsExpenses
The specific purpose of the Organization is to make expenditures and otherwise distribute money from tobacco settlement payments for the benefit of the County of Santa Clara and its residents.$9,982,090-
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Emily HarrisonCFO-$0--
Donna DunkDirector/Chair-$0--
Kim-Anh LeDirector-$0--
Margaret OlaiyaDirector-$0--
Megan DoyleSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Santa Clara County Tobacco
EIN
20-8196689
Phone
4082995253
Address
70 W Hedding Street East Wing 2ndFl, San Jose, CA 95110

Signing Officer

Name
Emily Harrison
Title
CFO
Signed
2017-03-31
Discuss with paid preparer
No

Preparer

Firm
Fontanello Duffield & Otake LLP
Address
44 Montgomery Street Suite 1305, San Francisco, CA 94104
Preparer
Michael Fontanello
Phone
4159830200
Supplemental Narrative

Additional Explanations

Other Expenses.1008

“Interest $9982090”

Other Expenses.1012

“Insurance $36484”

Other Expenses.1

“Admin Fee $28154”

Other Expenses.2

“Trustee Fee $2300”

Other Expenses.3

“Filing Fee $10”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $12581 Accounts Payable and Accrued Expenses - Ending $11906”

Total Liabilities.1

“Note Payable - Beginning $XXX-XX-XXXX Note Payable - Ending $XXX-XX-XXXX”

Total Liabilities.2

“Interest Payable - Beginning $64575335 Interest Payable - Ending $74557440”

Raw XML Appendix166 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0San Jose
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd095110
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0360571
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0387800
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0126677
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-9954201
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt031840
IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-166257357
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-176211558
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IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-176211558
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Emily Harrison
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Donna Dunk
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Kim-Anh Le
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Margaret Olaiya
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Megan Doyle
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CFO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director/Chair
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Secretary
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt010049038
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0The Organization was created for the benefit of the County of Santa Clara by helping to manage the risks related to future receipt of tobacco settlement payments (TSPs) and facilitate the efficient use of TSPs and thereby lessen the burdens of government.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The specific purpose of the Organization is to make expenditures and otherwise distribute money from tobacco settlement payments for the benefit of the County of Santa Clara and its residents.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt09982090
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0166617928
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0176599358
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt010080878
IRS990EZ/TotalProgramServiceExpensesAmt09982090
IRS990EZ/TotalRevenueAmt0126677
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0946000533
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt028154
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0County of Santa Clara
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt028154
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Interest $9982090
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance $36484
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Admin Fee $28154
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Trustee Fee $2300
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Filing Fee $10
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Accounts Payable and Accrued Expenses - Beginning $12581 Accounts Payable and Accrued Expenses - Ending $11906
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Note Payable - Beginning $XXX-XX-XXXX Note Payable - Ending $XXX-XX-XXXX
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Interest Payable - Beginning $64575335 Interest Payable - Ending $74557440
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1008
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Total Liabilities.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Total Liabilities.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Total Liabilities.2
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Emily Harrison
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Santa Clara County Tobacco
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Securitization Corporation
ReturnHeader/Filer/BusinessNameControlTxt0SANT
ReturnHeader/Filer/EIN0208196689
ReturnHeader/Filer/PhoneNum04082995253
ReturnHeader/Filer/USAddress/AddressLine1Txt070 W Hedding Street East Wing 2ndFl
ReturnHeader/Filer/USAddress/CityNm0San Jose
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd095110
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Fontanello Duffield & Otake LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt044 Montgomery Street Suite 1305
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0San Francisco
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094104
ReturnHeader/PreparerPersonGrp/PhoneNum04159830200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael Fontanello
ReturnHeader/ReturnTs02017-03-31T10:30:32-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$387,800
Liabilities
$176,599,358
Net assets
-$176,211,558
Revenue
$126,677
Expenses
$10,080,878
Net income
-$9,954,201
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$298$297$0.21$17.0$16.8
2024Summary only. Only limited summary data is available for this year.$0.94$281$280$0.20$16.0$15.8
2023Summary only. Only limited summary data is available for this year.$0.84$265$265$0.18$15.1$14.9
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.77$250$250$0.15$14.3$14.1
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$236$236$0.15$13.5$13.3
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$223$222$0.15$12.7$12.5
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$210$210$0.15$12.0$11.8
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.50$198$198$0.14$11.3$11.2
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.45$187$187$0.13$10.7$10.5
2016Detailed filing. Detailed filing data is available for this year.$0.39$177$176$0.13$10.1$9.95
2015Detailed filing. Detailed filing data is available for this year.$0.36$167$166$0.12$9.50$9.38