Civic Intelligence

Carlmont Academic Foundation

990 • Fiscal year 2018 • EIN 26-0325796

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 13, 2018

PO Box 104Belmont, CA 94002

(650) 595-0210

Siviq Scores

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

Liabilities / Assets

54th percentile

0.05x

Higher debt load relative to assets than 54% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

38th percentile

0.01x

Higher debt load relative to revenue than 38% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

44th percentile

1.3%

Higher net margin than 44% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

63rd percentile

6.8%

Faster asset growth than 63% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

74th percentile

22%

Faster revenue growth than 74% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$138,482

Up $8,830 (+6.8%) from 2017

Net Assets

Up

$132,149

Up $9,403 (+7.7%) from 2017

Liabilities

Down

$6,333

Down $573 (-8.3%) from 2017

Revenue

Up

$697,515

Up $126,995 (+22%) from 2017

Expenses

Up

$688,112

Up $123,060 (+22%) from 2017

Net Income

Up

$9,403

Up $3,935 (+72%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2014: $164,562Liabilities 2014: $45,559Net Assets 2014: $119,0032014Assets 2015: $106,976Liabilities 2015: $11,409Net Assets 2015: $95,5672015Assets 2016: $154,653Liabilities 2016: $37,375Net Assets 2016: $117,2782016Assets 2017: $129,652Liabilities 2017: $6,906Net Assets 2017: $122,7462017Assets 2018: $138,482Liabilities 2018: $6,333Net Assets 2018: $132,1492018Assets 2019: $874,520Liabilities 2019: $735,396Net Assets 2019: $139,1242019Assets 2020: $993,772Liabilities 2020: $829,586Net Assets 2020: $164,1862020Assets 2021: $1,027,834Liabilities 2021: $837,455Net Assets 2021: $190,3792021Assets 2022: $1,871,037Liabilities 2022: $1,058,119Net Assets 2022: $812,9182022Assets 2023: $1,968,151Liabilities 2023: $990,360Net Assets 2023: $977,7912023Assets 2024: $2,339,655Liabilities 2024: $1,128,524Net Assets 2024: $1,211,1312024

Highlighted filing

2018

Assets$138,482
Liabilities$6,333
Net Assets$132,149

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2014: $411,756Expenses 2014: $440,278Net Income 2014: -$28,5222014Revenue 2015: $474,474Expenses 2015: $497,910Net Income 2015: -$23,4362015Revenue 2016: $551,461Expenses 2016: $529,751Net Income 2016: $21,7102016Revenue 2017: $570,520Expenses 2017: $565,052Net Income 2017: $5,4682017Revenue 2018: $697,515Expenses 2018: $688,112Net Income 2018: $9,4032018Revenue 2019: $833,553Expenses 2019: $826,578Net Income 2019: $6,9752019Revenue 2020: $936,922Expenses 2020: $911,860Net Income 2020: $25,0622020Revenue 2021: $952,274Expenses 2021: $925,586Net Income 2021: $26,6882021Revenue 2022: $1,763,973Expenses 2022: $1,102,207Net Income 2022: $661,7662022Revenue 2023: $1,168,161Expenses 2023: $1,044,726Net Income 2023: $123,4352023Revenue 2024: $1,367,617Expenses 2024: $1,220,518Net Income 2024: $147,0992024

Highlighted filing

2018

Revenue$697,515
Expenses$688,112
Net Income$9,403
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$720,234
Mission and Program Overview

Mission

The foundation funds projects that will enrich the educational environment at carlmont high school, located in belmont, california through the funding for essential educational programs that will have broad based, substantial and lasting impact.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$122,746$132,149▲ $9,403
Cash and Non-Interest-Bearing Accounts$121,798$128,029▲ $6,231
Accounts Receivable$6,018$8,254▲ $2,236
Prepaid Expenses and Deferred Charges$885$1,248▲ $363
Savings and Temporary Cash Investments$951$951→ $0
Total Assets$129,652$138,482▲ $8,830
Liabilities
Accounts Payable and Accrued Expenses$6,906$6,333▼ $573
Total Liabilities$6,906$6,333▼ $573
Net Assets / Fund Balance
Total Net Assets Fund Balance$122,746$132,149▲ $9,403
Total Liabilities and Net Assets / Fund Balance$129,652$138,482▲ $8,830
Compensation and Service Providers

Board Members and Trustees

NameTitle
Claire SebtiCo President
Ulla FoehrPresident
Nicki FoxSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$628,400
Program Service Revenue
$0
Investment Income
$51
Other Revenue
$69,064
All Other Contributions
$628,400
Change in Net Assets
$9,403
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$661,925
Other Expenses$26,187
Total Fundraising Expense$22,305
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$659,925--$659,925
Information Technology--$4,788$4,788
Grants to Domestic Individuals$2,000--$2,000
Advertising--$1,845$1,845
Insurance-$1,729-$1,729
Office Expenses--$1,555$1,555
Fees for Services Accounting-$866-$866
Fees for Services Other-$455-$455
Other Expenses$-2,415-$1,684$-2,415
Total Functional Expenses$662,757$3,050$22,305$688,112
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Carlmont High SchoolBelmont, CA-School Programs$626,645
Carlmont High SchoolBelmont, CA-Equipment Sound$19,280
Carlmont PtsaBelmont, CA--$12,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$91,783
Fundraising Direct Expenses$22,719
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Bagpiper Bash$54,400$54,400$7,909$46,491
Theater Product$37,383$37,383$14,810$22,573
Total Events$91,783$91,783$22,719$69,064
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Carlmont academic foundation (caf) was founded by volunteers who were committed to enriching the educational programs and services of carlmont high school. Community members, generally parents of current carlmont students, who are interested in becoming part of caf can come to the organization's meetings which are held on regular basis or can contact any of the current caf members for membership information. The meetings are publicized on caf's website. Caf has an open membership and is comprised of volunteers who are motivated and interested in supporting foundation's mission and vision for carlmont high school.

Form 990, Page 6, Part VI, Line 7A

The all-volunteer board is made up of parents of current and former students of calmont high school. Elections for the officers are held at the may meeting for two-year terms as described in the bylaws. All members who attended the meetings are eligible to vote in the elections. Members are recruited from incoming and current carlmont parents. The officers are nominated from the membership.

Form 990, Page 6, Part VI, Line 7B

Regular monthly meetings are publicized on the organization's website and the membership is open to any interested community members. The organization's board members solicit information and suggestions from school administrators, faculty and staff, to determine the financial needs for the school. The board develops a budget of the items which can be supported during that fiscal year period and submits that budget for a vote of approval by the board and the members at large. Any release of funds is approved by vote at regular meetings and depends on available funds. The performing arts council is a separate committee in the carlmont academic foundation that plans the fundraising, develops the annual budget and approves the expenditures specifically for the performing arts center. The committee holds its own meetings and maintains the minutes and documentation of their actions.

Form 990, Page 6, Part VI, Line 11B

Upon completion of the organization's tax returns, a copy of the tax returns, including form 990, are distributed to the board for their review and approval prior to filing with the internal revenue service and other state government agencies.

Form 990, Page 6, Part VI, Line 19

Any individual seeking to obtain copies of the governing documents and financial statements of carlmont academic foundation can request the information by submitting a written request to the organization's mailing address at p.o. Box 104, belmont, ca 94002

Filing and Contact Details

Filer

Filer Name
Carlmont Academic Foundation
EIN
26-0325796
Phone
6505950210
Address
PO BOX 104, BELMONT, CA 94002

Signing Officer

Name
Claire Sebti
Title
Co President
Phone
6505950210
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ulla Foehr
Formed
2007
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
36

Preparer

Firm
Joseph V Dalli CPA a Prof Corporation
Address
540 RALSTON AVE SUITE J, BELMONT, CA 94002
Preparer
Joseph Dalli
Phone
6505961500
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The foundation funds projects that will enrich the educational environment at carlmont high school, located in belmont, california through the funding for essential educational programs that will have broad based, substantial and lasting impact.

Form 990, Page 2, Part III, Line 4D

Carlmont academic foundation provides financial support for the performing arts center, which includes the theater operations. In the 2017-2018 reporting period, the foundation's expense contribution was a relatively small portion.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0THE FOUNDATION FUNDS PROJECTS THAT WILL ENRICH THE EDUCATIONAL ENVIRONMENT AT CARLMONT HIGH SCHOOL, LOCATED IN BELMONT, CALIFORNIA THROUGH THE FUNDING FOR ESSENTIAL EDUCATIONAL PROGRAMS THAT WILL HAVE BROAD BASED, SUBSTANTIAL AND LASTING IMPACT.
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt091783
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt069064
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt022719
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt07909
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt014810
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IRS990ScheduleI/RecipientTable/CashGrantAmt0626645
IRS990ScheduleI/RecipientTable/CashGrantAmt119280
IRS990ScheduleI/RecipientTable/CashGrantAmt212000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOOL PROGRAMS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1EQUIPMENT SOUND
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CARLMONT HIGH SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CARLMONT HIGH SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2CARLMONT PTSA
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IRS990ScheduleI/RecipientTable/RecipientEIN1800366136
IRS990ScheduleI/RecipientTable/RecipientEIN2946171747
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01400 ALAMEDA DE LAS PULGAS
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11400 ALAMEDA DE LAS PULGAS
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt21400 ALAMEDA DE LAS PULGAS
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BELMONT
IRS990ScheduleI/RecipientTable/USAddress/CityNm1BELMONT
IRS990ScheduleI/RecipientTable/USAddress/CityNm2BELMONT
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2CA
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION FUNDS PROJECTS THAT WILL ENRICH THE EDUCATIONAL ENVIRONMENT AT CARLMONT HIGH SCHOOL, LOCATED IN BELMONT, CALIFORNIA THROUGH THE FUNDING FOR ESSENTIAL EDUCATIONAL PROGRAMS THAT WILL HAVE BROAD BASED, SUBSTANTIAL AND LASTING IMPACT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CARLMONT ACADEMIC FOUNDATION PROVIDES FINANCIAL SUPPORT FOR THE PERFORMING ARTS CENTER, WHICH INCLUDES THE THEATER OPERATIONS. IN THE 2017-2018 REPORTING PERIOD, THE FOUNDATION'S EXPENSE CONTRIBUTION WAS A RELATIVELY SMALL PORTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CARLMONT ACADEMIC FOUNDATION (CAF) WAS FOUNDED BY VOLUNTEERS WHO WERE COMMITTED TO ENRICHING THE EDUCATIONAL PROGRAMS AND SERVICES OF CARLMONT HIGH SCHOOL. COMMUNITY MEMBERS, GENERALLY PARENTS OF CURRENT CARLMONT STUDENTS, WHO ARE INTERESTED IN BECOMING PART OF CAF CAN COME TO THE ORGANIZATION'S MEETINGS WHICH ARE HELD ON REGULAR BASIS OR CAN CONTACT ANY OF THE CURRENT CAF MEMBERS FOR MEMBERSHIP INFORMATION. THE MEETINGS ARE PUBLICIZED ON CAF'S WEBSITE. CAF HAS AN OPEN MEMBERSHIP AND IS COMPRISED OF VOLUNTEERS WHO ARE MOTIVATED AND INTERESTED IN SUPPORTING FOUNDATION'S MISSION AND VISION FOR CARLMONT HIGH SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ALL-VOLUNTEER BOARD IS MADE UP OF PARENTS OF CURRENT AND FORMER STUDENTS OF CALMONT HIGH SCHOOL. ELECTIONS FOR THE OFFICERS ARE HELD AT THE MAY MEETING FOR TWO-YEAR TERMS AS DESCRIBED IN THE BYLAWS. ALL MEMBERS WHO ATTENDED THE MEETINGS ARE ELIGIBLE TO VOTE IN THE ELECTIONS. MEMBERS ARE RECRUITED FROM INCOMING AND CURRENT CARLMONT PARENTS. THE OFFICERS ARE NOMINATED FROM THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REGULAR MONTHLY MEETINGS ARE PUBLICIZED ON THE ORGANIZATION'S WEBSITE AND THE MEMBERSHIP IS OPEN TO ANY INTERESTED COMMUNITY MEMBERS. THE ORGANIZATION'S BOARD MEMBERS SOLICIT INFORMATION AND SUGGESTIONS FROM SCHOOL ADMINISTRATORS, FACULTY AND STAFF, TO DETERMINE THE FINANCIAL NEEDS FOR THE SCHOOL. THE BOARD DEVELOPS A BUDGET OF THE ITEMS WHICH CAN BE SUPPORTED DURING THAT FISCAL YEAR PERIOD AND SUBMITS THAT BUDGET FOR A VOTE OF APPROVAL BY THE BOARD AND THE MEMBERS AT LARGE. ANY RELEASE OF FUNDS IS APPROVED BY VOTE AT REGULAR MEETINGS AND DEPENDS ON AVAILABLE FUNDS. THE PERFORMING ARTS COUNCIL IS A SEPARATE COMMITTEE IN THE CARLMONT ACADEMIC FOUNDATION THAT PLANS THE FUNDRAISING, DEVELOPS THE ANNUAL BUDGET AND APPROVES THE EXPENDITURES SPECIFICALLY FOR THE PERFORMING ARTS CENTER. THE COMMITTEE HOLDS ITS OWN MEETINGS AND MAINTAINS THE MINUTES AND DOCUMENTATION OF THEIR ACTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON COMPLETION OF THE ORGANIZATION'S TAX RETURNS, A COPY OF THE TAX RETURNS, INCLUDING FORM 990, ARE DISTRIBUTED TO THE BOARD FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE AND OTHER STATE GOVERNMENT AGENCIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ANY INDIVIDUAL SEEKING TO OBTAIN COPIES OF THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS OF CARLMONT ACADEMIC FOUNDATION CAN REQUEST THE INFORMATION BY SUBMITTING A WRITTEN REQUEST TO THE ORGANIZATION'S MAILING ADDRESS AT P.O. BOX 104, BELMONT, CA 94002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03050
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0662757
IRS990/TotalFunctionalExpensesGrp/TotalAmt0688112
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt06333
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IRS990/TotalOtherProgSrvcExpenseAmt014832
IRS990/TotalOtherProgSrvcGrantAmt014000
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt051
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0697515
IRS990/TotalVolunteersCnt036
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/WebsiteAddressTxt0WWW.CARLMONTACADEMICFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CLAIRE SEBTI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06505950210
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CARLMONT ACADEMIC FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0CARL
ReturnHeader/Filer/EIN0260325796
ReturnHeader/Filer/PhoneNum06505950210
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 104
ReturnHeader/Filer/USAddress/CityNm0BELMONT
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0D988CBD4EC81FD9D7435A7AE855DF1202D4F1F55
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02AF561AED5CF417DF4A8F4480DC7452C8E7912DA
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02018-11-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm018:27:39
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271713747
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOSEPH V DALLI CPA A PROF CORPORATION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0540 RALSTON AVE SUITE J
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BELMONT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094002
ReturnHeader/PreparerPersonGrp/PhoneNum06505961500
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH DALLI
ReturnHeader/ReturnTs02018-11-13T16:27:39-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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