Civic Intelligence

Cupertino Nursery School Inc.

990 • Fiscal year 2018 • EIN 23-7122977

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 15, 2018

PO Box 2632Sunnyvale, CA 94087

(408) 739-8963

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

81st percentile

25%

Higher net margin than 81% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

70th percentile

8.5%

Faster asset growth than 70% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

41st percentile

0.7%

Faster revenue growth than 41% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,020,946

Up $79,905 (+8.5%) from 2017

Net Assets

Up

$1,020,946

Up $79,905 (+8.5%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Up

$338,451

Up $2,375 (+0.7%) from 2017

Expenses

Up

$253,502

Up $58,085 (+30%) from 2017

Net Income

Down

$84,949

Down $55,710 (-40%) from 2017

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2015: $768,604Liabilities 2015: $13,957Net Assets 2015: $754,6472015Assets 2016: $799,968Liabilities 2016: $0Net Assets 2016: $799,9682016Assets 2017: $941,041Liabilities 2017: $0Net Assets 2017: $941,0412017Assets 2018: $1,020,946Liabilities 2018: $0Net Assets 2018: $1,020,9462018Assets 2019: $1,023,301Liabilities 2019: $0Net Assets 2019: $1,023,3012019Assets 2020: $1,025,193Liabilities 2020: $42,494Net Assets 2020: $982,6992020Assets 2021: $1,071,921Liabilities 2021: $35,320Net Assets 2021: $1,036,6012021Assets 2022: $1,376,811Liabilities 2022: $0Net Assets 2022: $1,376,8112022Assets 2023: $1,562,937Liabilities 2023: $0Net Assets 2023: $1,562,9372023Assets 2024: $1,190,818Liabilities 2024: $0Net Assets 2024: $1,190,8182024Assets 2025: $1,184,196Liabilities 2025: $0Net Assets 2025: $1,184,1962025

Highlighted filing

2018

Assets$1,020,946
Liabilities$0
Net Assets$1,020,946

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2015: $201,978Expenses 2015: $193,039Net Income 2015: $8,9392015Revenue 2016: $212,188Expenses 2016: $166,867Net Income 2016: $45,3212016Revenue 2017: $336,076Expenses 2017: $195,417Net Income 2017: $140,6592017Revenue 2018: $338,451Expenses 2018: $253,502Net Income 2018: $84,9492018Revenue 2019: $332,159Expenses 2019: $329,804Net Income 2019: $2,3552019Revenue 2020: $232,739Expenses 2020: $278,341Net Income 2020: -$45,6022020Revenue 2021: $180,052Expenses 2021: $134,203Net Income 2021: $45,8492021Revenue 2022: $379,783Expenses 2022: $178,566Net Income 2022: $201,2172022Revenue 2023: $589,892Expenses 2023: $270,670Net Income 2023: $319,2222023Revenue 2024: $464,980Expenses 2024: $837,099Net Income 2024: -$372,1192024Revenue 2025: $473,776Expenses 2025: $374,325Net Income 2025: $99,4512025

Highlighted filing

2018

Revenue$338,451
Expenses$253,502
Net Income$84,949
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 15, 2018
Return Version
2017v2.2
Gross Receipts
$343,537
Mission and Program Overview

Mission

Instruction of pre-school age children

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$409,379$409,549▲ $170
Cash and Non-Interest-Bearing Accounts$287,372$356,542▲ $69,170
Land, Buildings, and Equipment, Net$106,379$96,291▼ $10,088
Inventories for Sale or Use$644$0▼ $644
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$941,041$1,020,946▲ $79,905
Other Assets Total$137,267$158,564▲ $21,297
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$941,041$949,895▲ $8,854
Temporarily Rstr Net Assets-$71,051-
Total Net Assets Fund Balance$941,041$1,020,946▲ $79,905
Total Liabilities and Net Assets / Fund Balance$941,041$1,020,946▲ $79,905

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$86,203-$86,203
Equipment$10,088-$10,088
Compensation and Service Providers

Board Members and Trustees

NameTitle
Christy BoydChairman
Lisa AskelandPresident
Kristen KramerVice President
Andrea NutterBoard Member
Bhawana KamilBoard Member
Hideyo SatakeBoard Member
Jennifer TsukamotoBoard Member
Joyce Koh FernandezBoard Member
Meghana ParikhBoard Member
Nancy PoonBoard Member
Sherlynne SinaBoard Member
Swan LeungBoard Member
Sangeetha ChitradurgaSecretary
Vivian WongTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$62,384
Program Service Revenue
$245,022
Investment Income
$21,342
Other Revenue
$9,703
All Other Contributions
$62,384
Change in Net Assets
$84,949
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$152,518
Other Expenses$100,984
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$152,518--$152,518
All Other Expenses$18,241$5,110-$23,351
Occupancy$17,944--$17,944
Other Expenses$5,333--$5,333
Depreciation Depletion$5,044--$5,044
Conferences and Meetings$3,885--$3,885
Total Functional Expenses$248,392$5,110$0$253,502
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$14,789
Fundraising Direct Expenses$5,086
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Families in the cupertino area

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

Members elect the board of directors

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

Membership approves changes to bylaws and policies of the school

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is reviewed by the board of directors before filing

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

Monitored by board of directors

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

Available upon request through website and brochure

Filing and Contact Details

Filer

Filer Name
Cupertino Nursery School Inc
EIN
23-7122977
Phone
4087398963
Address
PO BOX 2632, SUNNYVALE, CA 94087

Signing Officer

Name
Vivian Wong
Title
Treasurer
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
CA
Voting Board Members
85
Independent Board Members
85
Employees
0
Volunteers
133

Preparer

Firm
Storek Carlson & Strutz Llp
Address
900 E HAMILTON AVE STE 450, CAMPBELL, CA 95008
Preparer
Fred Storek
Phone
6509615520
Supplemental Narrative

Additional Explanations

Client Note 1

Client Note 1 - Changes to By-LawsJuly 5, 2018Amend Article 1 - add DBA Cupertino Co-Op Nursery School to read as: The name of this corporation shall be Cupertino Nursery School, Inc. (DBA Cupertino Co-Op Nursery School), hereinafter referred to as the School.Article IV, h: Consider changing Maintenance chairs to Facilities or OperationsArticle VI, Section 3, Scholarships: add name Jean Meyerson to scholarship fund?Scholarships are given from the Jean Meyerson Scholarship Fund at the discretion of the President, Treasurer and Director.Article VI, Section 4, Termination: remove Steps for putting a discipline plan in place are as follows:1.First incident Phone call to childs parents as well as the parents of any other child involved.2.Second incident Teacher & Director to develop a specialized plan for the child to ensure success in the classroom. This specialized plan will be communicated with the childs parents.3.Third incident Schedule a Parent/Teacher/Director conference with both parents in attendance. Possibly suggest that an outside professional be used to observe and assess the child to help formulate a plan of action.4.Fourth Incident Another Parent/Teacher/Director conference to decide what is best for the child and family. A decision will be made as to whether or not the School is an appropriate choice of preschool for the child.Remove (was never officially added) ARTICLE IX: PORTABLE REPLACEMENT/ REPAIR FUNDThe School shall establish funds for the purpose of portable replacement or major repair, hereinafter referred to as the Portable Replacement Fund. Repair or replacement of the portable shall be determined after an inspection of the portable in Summer of 2017. With no allocations occurring from the General Fund, the Portable Replacement Fund is rather a placeholder for accounting purposes. Only replacement and construction costs associated with the portable will be paid from this fund.

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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NON-DISCRIMINATION POLICY STATEMENT IS IN A BROCHURE AND IS MADE AVAILABLE TO ANYONE WHO REQUESTS SUCH INFORMATION.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1A PORTION OF TEACHERS SALARIES AND BENEFITS ARE FUNDED BY THE FREMONT UNION HIGH SCHOOL DISTRICT ADULT EDUCATION PROGRAM FUNDS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Client Note 1 - Changes to By-LawsJuly 5, 2018Amend Article 1 - add DBA Cupertino Co-Op Nursery School to read as: The name of this corporation shall be Cupertino Nursery School, Inc. (DBA Cupertino Co-Op Nursery School), hereinafter referred to as the School.Article IV, h: Consider changing Maintenance chairs to Facilities or OperationsArticle VI, Section 3, Scholarships: add name Jean Meyerson to scholarship fund?Scholarships are given from the Jean Meyerson Scholarship Fund at the discretion of the President, Treasurer and Director.Article VI, Section 4, Termination: remove Steps for putting a discipline plan in place are as follows:1.First incident Phone call to childs parents as well as the parents of any other child involved.2.Second incident Teacher & Director to develop a specialized plan for the child to ensure success in the classroom. This specialized plan will be communicated with the childs parents.3.Third incident Schedule a Parent/Teacher/Director conference with both parents in attendance. Possibly suggest that an outside professional be used to observe and assess the child to help formulate a plan of action.4.Fourth Incident Another Parent/Teacher/Director conference to decide what is best for the child and family. A decision will be made as to whether or not the School is an appropriate choice of preschool for the child.Remove (was never officially added) ARTICLE IX: PORTABLE REPLACEMENT/ REPAIR FUNDThe School shall establish funds for the purpose of portable replacement or major repair, hereinafter referred to as the Portable Replacement Fund. Repair or replacement of the portable shall be determined after an inspection of the portable in Summer of 2017. With no allocations occurring from the General Fund, the Portable Replacement Fund is rather a placeholder for accounting purposes. Only replacement and construction costs associated with the portable will be paid from this fund.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FAMILIES IN THE CUPERTINO AREA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS ELECT THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERSHIP APPROVES CHANGES TO BYLAWS AND POLICIES OF THE SCHOOL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MONITORED BY BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AVAILABLE UPON REQUEST THROUGH WEBSITE AND BROCHURE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Client Note 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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