Civic Intelligence

Monterey Bay Charter School

990 • Fiscal year 2014 • EIN 26-1729713

Jul 01, 2013 to Jun 30, 2014 • Filed on Apr 30, 2015

1004-b David Avenue93950

(831) 655-4638

Siviq Scores

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

Liabilities / Assets

50th percentile

0.11x

Higher debt load relative to assets than 50% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

28th percentile

0.03x

Higher debt load relative to revenue than 28% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

48th percentile

2.1%

Higher net margin than 48% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

52nd percentile

$65,656

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

64th percentile

6.7%

Faster asset growth than 64% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$691,244

Up $43,592 (+6.7%) from 2013

Net Assets

Up

$616,250

Up $51,907 (+9.2%) from 2013

Liabilities

Down

$74,994

Down $8,315 (-10.0%) from 2013

Revenue

$2,470,867

No earlier filing loaded for comparison.

Expenses

Up

$2,418,960

Up $408,341 (+20%) from 2013

Net Income

$51,907

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $582,412Liabilities 2012: $32,714Net Assets 2012: $549,6982012Assets 2013: $647,652Liabilities 2013: $83,309Net Assets 2013: $564,3432013Assets 2014: $691,244Liabilities 2014: $74,994Net Assets 2014: $616,2502014Assets 2015: $1,120,785Liabilities 2015: $337,161Net Assets 2015: $783,6242015Assets 2016: $1,797,969Liabilities 2016: $727,627Net Assets 2016: $1,070,3422016Assets 2017: $1,940,985Liabilities 2017: $918,887Net Assets 2017: $1,022,0982017Assets 2018: $2,393,450Liabilities 2018: $1,292,985Net Assets 2018: $1,100,4652018Assets 2019: $2,518,583Liabilities 2019: $1,223,604Net Assets 2019: $1,294,9792019Assets 2020: $3,333,008Liabilities 2020: $1,925,817Net Assets 2020: $1,407,1912020Assets 2021: $3,615,004Liabilities 2021: $1,420,909Net Assets 2021: $2,194,0952021Assets 2022: $3,339,658Liabilities 2022: $1,622,337Net Assets 2022: $1,717,3212022Assets 2023: $3,893,783Liabilities 2023: $1,445,302Net Assets 2023: $2,448,4812023Assets 2024: $4,084,215Liabilities 2024: $1,278,354Net Assets 2024: $2,805,8612024

Highlighted filing

2014

Assets$691,244
Liabilities$74,994
Net Assets$616,250

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $1,654,5872012Expenses 2013: $2,010,6192013Revenue 2014: $2,470,867Expenses 2014: $2,418,960Net Income 2014: $51,9072014Revenue 2015: $2,889,017Expenses 2015: $2,721,643Net Income 2015: $167,3742015Revenue 2016: $3,612,724Expenses 2016: $3,326,006Net Income 2016: $286,7182016Revenue 2017: $3,829,550Expenses 2017: $3,877,794Net Income 2017: -$48,2442017Revenue 2018: $4,176,549Expenses 2018: $4,098,182Net Income 2018: $78,3672018Revenue 2019: $4,941,426Expenses 2019: $4,746,912Net Income 2019: $194,5142019Revenue 2020: $5,154,553Expenses 2020: $5,042,341Net Income 2020: $112,2122020Revenue 2021: $5,834,750Expenses 2021: $5,047,846Net Income 2021: $786,9042021Revenue 2022: $5,456,229Expenses 2022: $5,933,003Net Income 2022: -$476,7742022Revenue 2023: $7,367,932Expenses 2023: $6,636,772Net Income 2023: $731,1602023Revenue 2024: $7,173,872Expenses 2024: $6,816,492Net Income 2024: $357,3802024

Highlighted filing

2014

Revenue$2,470,867
Expenses$2,418,960
Net Income$51,907
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Apr 30, 2015
Return Version
2013v4.0
Gross Receipts
$2,470,867
Mission and Program Overview

Mission

The organization is a partnership of diverse and committed families and faculty providing a waldorf-inspired k-8 public education, which empowers children to discover their gifts, enjoy a full and enduring childhood, and to pursue lifelong learning.

To provide a waldorf-inspired education, which inspires children to discover their gifts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$326,383$353,154▲ $26,771
Accounts Receivable$311,259$338,090▲ $26,831
Prepaid Expenses and Deferred Charges$10,010$0▼ $10,010
Savings and Temporary Cash Investments-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$647,652$691,244▲ $43,592
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$83,309$74,994▼ $8,315
Total Liabilities$83,309$74,994▼ $8,315
Net Assets / Fund Balance
Unrestricted Net Assets$564,343$616,250▲ $51,907
Total Net Assets Fund Balance$564,343$616,250▲ $51,907
Total Liabilities and Net Assets / Fund Balance$647,652$691,244▲ $43,592
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cassandra BridgeDirectorFT$65,656$65,656

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,470,867
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$316,604
Change in Net Assets
$51,907

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,470,867
Total Revenue per Audited Statements
$2,470,867
Total Revenue per Form 990
$2,470,867
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,813,098
Other Expenses$605,862
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,340,111$28,138-$1,368,249
Other Employee Benefits$372,373$6,820-$379,193
Current Officers, Directors, Trustees, and Key Employees$65,656--$65,656
Other Expenses$18,761$12,326-$31,087
Travel$26,587--$26,587
All Other Expenses$8,091$17,676-$25,767
Total Functional Expenses$2,081,217$337,743$0$2,418,960

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,418,960
Total Expenses per Audited Statements$2,418,960
Total Expenses per Form 990$2,418,960
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
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 11B: Form 990 Review Process

The director and business manager of the school will review the form 990 before it is filed.

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

Board members sign a conflict of interest document each term and if board actions could cause a monetary gain to any member the board discusses this and the member who might benefit does not participate in the discussion or vote.

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

An independent firm was contracted to conduct a salary review of local public schools as well as charter schools in other areas of california. The survey was provided to the school with recommendations.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

An independent firm was contracted to conduct a salary review of local public schools as well as charter schools in other areas of california. The survey was provided to the school with recommendations.

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

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public on the organization's website.

Filing and Contact Details

Filer

EIN
26-1729713
Phone
8316554638

Signing Officer

Name
Bryn Phillips
Title
Chair
Signed
2015-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bryn Phillips
Formed
2007
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
62
Volunteers
50

Preparer

Preparer
James a Rotherham CPA
Phone
6195439702
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IRS990/OtherExpensesGrp/TotalAmt291225
IRS990/OtherExpensesGrp/TotalAmt331087
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt028138
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01340111
IRS990/OtherSalariesAndWagesGrp/TotalAmt01368249
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
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IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010010
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0BRYN PHILLIPS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02025264
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01050012
IRS990/PYRevenuesLessExpensesAmt014645
IRS990/PYSalariesCompEmpBnftPaidAmt0960607
IRS990/PYTotalExpensesAmt02010619
IRS990/PYTotalRevenueAmt02025264
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt051907
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
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
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt02418960
IRS990ScheduleD/RevenueSubtotalAmt02470867
IRS990ScheduleD/TotalExpensesPerForm990Amt02418960
IRS990ScheduleD/TotalRevenuePerForm990Amt02470867
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02470867
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02418960
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NONDISCRIMINATORY POLICY INCLUDED IN ALL ADVERTISEMENTS, ENROLLMENT MATERIALS, AND THE CHARTER BYLAWS.
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
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DIRECTOR AND BUSINESS MANAGER OF THE SCHOOL WILL REVIEW THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS SIGN A CONFLICT OF INTEREST DOCUMENT EACH TERM AND IF BOARD ACTIONS COULD CAUSE A MONETARY GAIN TO ANY MEMBER THE BOARD DISCUSSES THIS AND THE MEMBER WHO MIGHT BENEFIT DOES NOT PARTICIPATE IN THE DISCUSSION OR VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AN INDEPENDENT FIRM WAS CONTRACTED TO CONDUCT A SALARY REVIEW OF LOCAL PUBLIC SCHOOLS AS WELL AS CHARTER SCHOOLS IN OTHER AREAS OF CALIFORNIA. THE SURVEY WAS PROVIDED TO THE SCHOOL WITH RECOMMENDATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AN INDEPENDENT FIRM WAS CONTRACTED TO CONDUCT A SALARY REVIEW OF LOCAL PUBLIC SCHOOLS AS WELL AS CHARTER SCHOOLS IN OTHER AREAS OF CALIFORNIA. THE SURVEY WAS PROVIDED TO THE SCHOOL WITH RECOMMENDATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10MONTEREY BAY CHARTER SCHOOL PTG
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0412165425
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUPPORT FOR MONTEREY BAY CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine101004-B DAVID AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0PACIFIC GROVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode093950
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0150000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine10MONTEREY BAY CHARTER SCHOOL PTG
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0c
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0647652
IRS990/TotalAssetsEOYAmt0691244
IRS990/TotalAssetsGrp/BOYAmt0647652

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