Civic Intelligence

Carlmont Academic Foundation

990 • Fiscal year 2021 • EIN 26-0325796

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 15, 2021

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

91st percentile

0.81x

Higher debt load relative to assets than 91% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

86th percentile

0.88x

Higher debt load relative to revenue than 86% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

31st percentile

2.8%

Higher net margin than 31% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

36th percentile

3.4%

Faster asset growth than 36% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

35th percentile

1.6%

Faster revenue growth than 35% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,027,834

Up $34,062 (+3.4%) from 2020

Net Assets

Up

$190,379

Up $26,193 (+16%) from 2020

Liabilities

Up

$837,455

Up $7,869 (+0.9%) from 2020

Revenue

Up

$952,274

Up $15,352 (+1.6%) from 2020

Expenses

Up

$925,586

Up $13,726 (+1.5%) from 2020

Net Income

Up

$26,688

Up $1,626 (+6.5%) from 2020

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

2021

Assets$1,027,834
Liabilities$837,455
Net Assets$190,379

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

2021

Revenue$952,274
Expenses$925,586
Net Income$26,688
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$952,274
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
Cash and Non-Interest-Bearing Accounts$904,819$959,535▲ $54,716
Rtn Earn Endowment Incm Other Fnds$164,186$190,379▲ $26,193
Savings and Temporary Cash Investments$51,888$51,899▲ $11
Accounts Receivable$35,355$3,200▼ $32,155
Prepaid Expenses and Deferred Charges$888$895▲ $7
Total Assets$993,772$1,027,834▲ $34,062
Other Assets Total$822$12,305▲ $11,483
Liabilities
Accounts Payable and Accrued Expenses$829,586$837,455▲ $7,869
Total Liabilities$829,586$837,455▲ $7,869
Net Assets / Fund Balance
Total Net Assets Fund Balance$164,186$190,379▲ $26,193
Total Liabilities and Net Assets / Fund Balance$993,772$1,027,834▲ $34,062
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ulla FoehrPresident
Shelly KimSecretary
Raquel PeasleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$952,194
Program Service Revenue
$0
Investment Income
$80
Other Revenue
$0
All Other Contributions
$952,194
Change in Net Assets
$26,688
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$925,586
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$12,958--$12,958
All Other Expenses$11,621--$11,621
Fees for Services Accounting-$700-$700
Fees for Services Other-$258-$258
Total Functional Expenses$924,628$958$0$925,586
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
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 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
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
Raquel Peasley
Title
Treasurer
Phone
6505950210
Signed
2021-11-15
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
37

Preparer

Firm
Block Advisors
Address
540 RALSTON AVE SUITE J, BELMONT, CA 94002
Preparer
Timothy Flanagan
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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IRS990/ProgSrvcAccomActy2Grp/Desc0THE CARLMONT ACADEMIC FOUNDATION FUNDS THE OPERATION OF RUNNING THE PERFORMANCE THEATER AND EQUIPMENTS FROM TIME TO TIME. IN THE REPORTING PERIOD, FOUNDATION PROVIDED 19,280 FOR SOUND EQUIPMENT.
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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/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0993772
IRS990/TotalAssetsEOYAmt01027834
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IRS990/TotalAssetsGrp/EOYAmt01027834
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0958
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0924628
IRS990/TotalFunctionalExpensesGrp/TotalAmt0925586
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0829586
IRS990/TotalLiabilitiesEOYAmt0837455
IRS990/TotalLiabilitiesGrp/BOYAmt0829586
IRS990/TotalLiabilitiesGrp/EOYAmt0837455
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0164186
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0190379
IRS990/TotalOtherProgSrvcExpenseAmt0924628
IRS990/TotalProgramServiceExpensesAmt0924628
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt080
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0952274
IRS990/TotalVolunteersCnt037
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0993772
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01027834
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 104
IRS990/USAddress/CityNm0BELMONT
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094002
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.CARLMONTACADEMICFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RAQUEL PEASLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06505950210
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CARLMONT ACADEMIC FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0CARL
ReturnHeader/Filer/EIN0260325796
ReturnHeader/Filer/PhoneNum06505950210
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271713747
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BLOCK ADVISORS
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/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIMOTHY FLANAGAN
ReturnHeader/ReturnTs02021-11-15T20:50:23-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RAQUEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PEASLEY
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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