Civic Intelligence

Michels Education Institute

EIN 23-7408499 • 501(c)3 • Sacramento, CA

Profile

To awaken in each student the desire to learn, and equip him/her with a solid foundation of learning skills and basic knowledge, enabling him/her to reach logical conclusions and proceed with confidence and pleasure through a lifetime of learning.

PO Box 214709Sacramento, CA 95821

www.cardensac.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

94th percentile

1.00x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

44th percentile

0.05x

Higher debt load relative to revenue than 44% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

96th percentile

80%

Higher net margin than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

42nd percentile

$6,096

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

2nd percentile

-89%

Faster asset growth than 2% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

70th percentile

24%

Faster revenue growth than 70% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$37,279

Down $293,089 (-89%) from 2018

Liabilities

Down

$37,279

Down $178,408 (-83%) from 2018

Net Assets

Down

$0

Down $114,681 (-100%) from 2018

Revenue

Up

$766,022

Up $148,836 (+24%) from 2018

Expenses

Down

$150,703

Down $621,306 (-80%) from 2018

Net Income

Up

$615,319

Up $770,142 (+497%) from 2018

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2011: $394,988Liabilities 2011: $29,905Net Assets 2011: $365,0832011Assets 2012: $581,286Liabilities 2012: $4,250Net Assets 2012: $577,0362012Assets 2013: $745,939Liabilities 2013: $7,650Net Assets 2013: $738,2892013Assets 2014: $660,919Liabilities 2014: $5,299Net Assets 2014: $655,6202014Assets 2015: $512,739Liabilities 2015: $2,522Net Assets 2015: $510,2172015Assets 2016: $381,195Liabilities 2016: $2,351Net Assets 2016: $378,8442016Assets 2017: $279,081Liabilities 2017: $9,577Net Assets 2017: $269,5042017Assets 2018: $330,368Liabilities 2018: $215,687Net Assets 2018: $114,6812018Assets 2019: $37,279Liabilities 2019: $37,279Net Assets 2019: $02019

Highlighted filing

2019

Assets$37,279
Liabilities$37,279
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2011: $765,5642011Expenses 2012: $864,5852012Expenses 2013: $950,4912013Revenue 2014: $852,666Expenses 2014: $935,335Net Income 2014: -$82,6692014Revenue 2015: $815,006Expenses 2015: $960,409Net Income 2015: -$145,4032015Revenue 2016: $820,069Expenses 2016: $951,442Net Income 2016: -$131,3732016Revenue 2017: $798,205Expenses 2017: $907,545Net Income 2017: -$109,3402017Revenue 2018: $617,186Expenses 2018: $772,009Net Income 2018: -$154,8232018Revenue 2019: $766,022Expenses 2019: $150,703Net Income 2019: $615,3192019

Highlighted filing

2019

Revenue$766,022
Expenses$150,703
Net Income$615,319

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Sep 12, 2019
Return Version
2018v3.1
Gross Receipts
$1,105,899
Mission and Program Overview

Mission

To awaken in each student the desire to learn, and equip him/her with a solid foundation of learning skills and basic knowledge, enabling him/her to reach logical conclusions and proceed with confidence and pleasure through a lifetime of learning.

(While it was operating) to awaken in each student the desire to learn, and equip him/her with a solid foundation of learning skills and basic knowledge, enabling him/her to reach logical conclusions and proceed with confidence and pleasure through a lifetime of learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$254,683$0▼ $254,683
Cap Stk Tr Prin Current Funds$114,681--
Savings and Temporary Cash Investments$70,554$0▼ $70,554
Cash and Non-Interest-Bearing Accounts$2,131$37,279▲ $35,148
Inventories for Sale or Use$3,000$0▼ $3,000
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$330,368$37,279▼ $293,089
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$200,000--
Other Liabilities$15,687$37,279▲ $21,592
Total Liabilities$215,687$37,279▼ $178,408
Net Assets / Fund Balance
Total Net Assets Fund Balance$114,681$0▼ $114,681
Total Liabilities and Net Assets / Fund Balance$330,368$37,279▼ $293,089

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$87,251$265,128$352,379
Equipment$2,369$40,067$42,436
Land$13,674-$13,674
Buildings$-103,294$-305,195$-408,489
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Norm ConeDirectorPT$6,096$6,096

Board Members and Trustees

NameTitle
Bobbie BrownPresident
Terry MeinzerVice President
Fred WrightExecutive Board
Jack ShawExecutive Board
Brian CournoyerTrustee
Sheila BrownTrustee
Monique RodgersSec/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,205
Investment Income
$761,817
Other Revenue
$0
Change in Net Assets
$615,319
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$144,140
Salaries, Compensation, and Employee Benefits$6,563
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest-$17,505-$17,505
Fees for Services Accounting-$12,200-$12,200
Depreciation Depletion-$11,916-$11,916
Occupancy-$8,794-$8,794
All Other Expenses-$7,179-$7,179
Current Officers, Directors, Trustees, and Key Employees-$6,096-$6,096
Other Expenses-$5,231-$5,231
Fees for Services Legal-$2,500-$2,500
Insurance-$1,473-$1,473
Payroll Taxes-$467-$467
Office Expenses-$423-$423
Total Functional Expenses$0$150,703$0$150,703
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
O/S liabilities and charity distribution$37,279
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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 4: Description of Significant Changes to Organizational Documents

On April 4, 2018 the Board mutually agreed to cease operations and close the school effective June 6, 2018 due to declining enrollment over the last several years.Furniture/equipment and supplies belonging to the school were sold in November 2018 at fair market value; the building and land were sold in April, 2019 at fair market value. Some of the proceeds from these sales were used to pay debt and liabilities of the entity.The remaining asset (cash) will be distributed to The Carden Educational Foundation, Inc. as specified by the Articles of Incorporation and in agreement with the California Attorney General in accordance with their letter dated July 16, 2018.

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

The Board members review the return prior to signing.

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

At least annually, the Board reviews compensation and benefits paid to all employees (including the Director), and votes on compensation increases accordingly.

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

Available upon request.

Filing and Contact Details

Filer

Filer Name
Michels Education Institute
EIN
23-7408499
Phone
9169569083
Address
PO Box 214709, Sacramento, CA 95821

Signing Officer

Name
Bobbie Brown
Title
President
Signed
2019-09-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bobbie Brown
Formed
1974
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
19
Volunteers
8

Preparer

Firm
Susan Kieser & Associates CPA
Address
3426 AMERICAN RIVER DRIVE SUITE A, SACRAMENTO, CA 95864-5755
Preparer
Deborah N Bluemel CPA
Phone
9169294174
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services

On April 4, 2018 the Board mutually agreed to cease operations and close the school effective June 6, 2018 due to declining enrollment over the last several years.Furniture/equipment and supplies belonging to the school were sold in November 2018 at fair market value; the building and land were sold in April, 2019 also at fair market value. Some of the proceeds from these sales were used to pay debt and liabilities of the corporation. The remaining assets (all cash) will be distributed to The Carden Educational Foundation, Inc. as specified by the Articles of Incorporation and in agreement with the California Attorney General in accordance with their letter dated July 16, 2018.

Other Changes In Net Assets Or Fund Balances - Other Decreases

Business terminated; assets distributed to charity ( Sch O) = -$730000

Distribution to public charity upon dissolution

On June 29, 2019 a distribution of $730,000 was made to the Carden Education Foundation, Inc. (a 501c(3) organization) in accordance with the dissolution documents attached. There remains a cash reserve of $37,279 in the bank to be used for legal, accounting and any unforeseen liabilities that may arise. After payment of final liabilities all remaining cash will be distributed prior to 6/30/2020 to the Carden Education Foundation, Inc. (noted in Sch N).

Other liabilities and miscellaneous expenses

The Organization is no longer operating and all activities have been wrapped up other than payment of final bills for legal, accounting, and other miscellaneous expenses. Any amounts remaining after payment of final expenses will be distributed to the charity noted in Schedule N.

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IRS990/PrincipalOfficerNm0Bobbie Brown
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IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0-103294
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0-305195
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0-408489
IRS990ScheduleD/EquipmentGrp/BookValueAmt02369
IRS990ScheduleD/EquipmentGrp/DepreciationAmt040067
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt042436
IRS990ScheduleD/LandGrp/BookValueAmt013674
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt013674
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt087251
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0265128
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0352379
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt037279
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0O/S liabilities and charity distribution
IRS990ScheduleD/TotalLiabilityAmt037279
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
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IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0All pamphlets contained a racially non-discriminatory clause in them to make this policy known to people who were served by the school.
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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IRS990ScheduleN/AttorneyGeneralNotifiedInd0true
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IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0false
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0$730,000 cash
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02019-06-29
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0136116178
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt0730000
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(c)3
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0N/A-cash distributed
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0PO Box 21568
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0Hilton Head Island
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0SC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd029925
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0On April 4, 2018 the Board mutually agreed to cease operations and close the school effective June 6, 2018 due to declining enrollment over the last several years.Furniture/equipment and supplies belonging to the school were sold in November 2018 at fair market value; the building and land were sold in April, 2019 also at fair market value. Some of the proceeds from these sales were used to pay debt and liabilities of the corporation. The remaining assets (all cash) will be distributed to The Carden Educational Foundation, Inc. as specified by the Articles of Incorporation and in agreement with the California Attorney General in accordance with their letter dated July 16, 2018.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1On April 4, 2018 the Board mutually agreed to cease operations and close the school effective June 6, 2018 due to declining enrollment over the last several years.Furniture/equipment and supplies belonging to the school were sold in November 2018 at fair market value; the building and land were sold in April, 2019 at fair market value. Some of the proceeds from these sales were used to pay debt and liabilities of the entity.The remaining asset (cash) will be distributed to The Carden Educational Foundation, Inc. as specified by the Articles of Incorporation and in agreement with the California Attorney General in accordance with their letter dated July 16, 2018.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board members review the return prior to signing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3At least annually, the Board reviews compensation and benefits paid to all employees (including the Director), and votes on compensation increases accordingly.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Business terminated; assets distributed to charity ( Sch O) = -$730000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6On June 29, 2019 a distribution of $730,000 was made to the Carden Education Foundation, Inc. (a 501c(3) organization) in accordance with the dissolution documents attached. There remains a cash reserve of $37,279 in the bank to be used for legal, accounting and any unforeseen liabilities that may arise. After payment of final liabilities all remaining cash will be distributed prior to 6/30/2020 to the Carden Education Foundation, Inc. (noted in Sch N).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The Organization is no longer operating and all activities have been wrapped up other than payment of final bills for legal, accounting, and other miscellaneous expenses. Any amounts remaining after payment of final expenses will be distributed to the charity noted in Schedule N.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Distribution to public charity upon dissolution
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other liabilities and miscellaneous expenses
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IRS990/TotalLiabilitiesEOYAmt037279
IRS990/TotalLiabilitiesGrp/BOYAmt0215687

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