Civic Intelligence

Watts Learning Center Inc

990 • Fiscal year 2014 • EIN 26-1910610

Jul 01, 2013 to Jun 30, 2014 • Filed on May 12, 2015

Organization ProfileN/A
310 W 95th St90003

(323) 754-9900

Siviq Scores

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

Liabilities / Assets

81st percentile

0.65x

Higher debt load relative to assets than 81% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

97th percentile

12.50x

Higher debt load relative to revenue than 97% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

68th percentile

9.9%

Higher net margin than 68% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

31st percentile

-1.5%

Faster asset growth than 31% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M 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

Balance Sheet
Liabilities / Assets81st percentile

Assets

Down

$6,631,159

Down $100,485 (-1.5%) from 2013

Net Assets

Up

$2,289,726

Up $34,341 (+1.5%) from 2013

Liabilities

Down

$4,341,433

Down $134,826 (-3.0%) from 2013

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin68th percentile

Revenue

$347,299

No earlier filing loaded for comparison.

Expenses

Down

$312,958

Down $5,881 (-1.8%) from 2013

Net Income

$34,341

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

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

$15M$10M$5.0M$0Assets 2013: $6,731,644Liabilities 2013: $4,476,259Net Assets 2013: $2,255,3852013Assets 2014: $6,631,159Liabilities 2014: $4,341,433Net Assets 2014: $2,289,7262014Assets 2015: $6,803,537Liabilities 2015: $4,480,434Net Assets 2015: $2,323,1032015Assets 2016: $6,909,566Liabilities 2016: $4,256,438Net Assets 2016: $2,653,1282016Assets 2017: $9,432,095Liabilities 2017: $6,658,838Net Assets 2017: $2,773,2572017Assets 2018: $10,206,210Liabilities 2018: $7,458,888Net Assets 2018: $2,747,3222018Assets 2019: $10,011,296Liabilities 2019: $7,326,931Net Assets 2019: $2,684,3652019Assets 2020: $9,811,622Liabilities 2020: $7,183,672Net Assets 2020: $2,627,9502020Assets 2021: $9,611,649Liabilities 2021: $7,035,820Net Assets 2021: $2,575,8292021Assets 2022: $9,471,730Liabilities 2022: $6,941,492Net Assets 2022: $2,530,2382022Assets 2023: $9,337,036Liabilities 2023: $6,826,982Net Assets 2023: $2,510,0542023Assets 2024: $9,074,442Liabilities 2024: $6,709,068Net Assets 2024: $2,365,3742024Assets 2025: $8,903,806Liabilities 2025: $6,631,942Net Assets 2025: $2,271,8642025

Highlighted filing

2014

Assets$6,631,159
Liabilities$4,341,433
Net Assets$2,289,726
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KExpenses 2013: $318,8392013Revenue 2014: $347,299Expenses 2014: $312,958Net Income 2014: $34,3412014Revenue 2015: $346,800Expenses 2015: $313,423Net Income 2015: $33,3772015Revenue 2016: $741,083Expenses 2016: $411,058Net Income 2016: $330,0252016Revenue 2017: $431,562Expenses 2017: $311,433Net Income 2017: $120,1292017Revenue 2018: $420,006Expenses 2018: $445,941Net Income 2018: -$25,9352018Revenue 2019: $420,009Expenses 2019: $482,966Net Income 2019: -$62,9572019Revenue 2020: $420,017Expenses 2020: $476,432Net Income 2020: -$56,4152020Revenue 2021: $420,003Expenses 2021: $472,124Net Income 2021: -$52,1212021Revenue 2022: $420,012Expenses 2022: $465,603Net Income 2022: -$45,5912022Revenue 2023: $429,463Expenses 2023: $449,647Net Income 2023: -$20,1842023Revenue 2024: $432,669Expenses 2024: $577,349Net Income 2024: -$144,6802024Revenue 2025: $432,620Expenses 2025: $526,130Net Income 2025: -$93,5102025

Highlighted filing

2014

Revenue$347,299
Expenses$312,958
Net Income$34,341
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 12, 2015
Return Version
2013v4.0
Gross Receipts
$347,299
Mission and Program Overview

Mission

Watts learning center inc.'s primary purpose is the financing, development, leasing and maintenance of school educational facilities for the support of watts learning center foundation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,673,960$6,560,335▼ $113,625
Savings and Temporary Cash Investments$57,684$70,824▲ $13,140
Total Assets$6,731,644$6,631,159▼ $100,485
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,476,259$4,341,433▼ $134,826
Total Liabilities$4,476,259$4,341,433▼ $134,826
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,255,385$2,289,726▲ $34,341
Total Net Assets Fund Balance$2,255,385$2,289,726▲ $34,341
Total Liabilities and Net Assets / Fund Balance$6,731,644$6,631,159▼ $100,485

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,060,335$620,905$5,681,240
Land$1,500,000-$1,500,000
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Eugene L FisherPresident
Justin SandersMember
Dr Owen KnoxTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$347,299
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$34,341
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$312,958
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
Interest-$198,673-$198,673
Depreciation Depletion$113,625--$113,625
Other Expenses-$660-$660
Total Functional Expenses$113,625$199,333$0$312,958
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Eugene fisher, board member and sandra fisher, executive director of watts learning center foundation are married”

Form 990, Part VI, Section B, Line 11

“The form 990 will be given to the board members for review and approval”

Form 990, Part VI, Section B, Line 12C

“All members must disclose annually any conflicts of interest, which are monitored by the board. If a conflict arises the board member is asked to excuse himself or herself from all discussions and voting on the issue.”

Form 990, Part VI, Section C, Line 19

“All governing documents, policies, and financial statements are available upon request at the organization's location during normal business hours.”

Filing and Contact Details

Filer

EIN
26-1910610
Phone
3237549900

Signing Officer

Name
Eugene L Fisher
Title
President
Phone
3237549900
Signed
2015-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eugene L Fisher
Formed
2007
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Preparer
Matthew S Miller
Phone
9094664410
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The corporation and the llc have adopted financial accounting standards board (fasb) accounting standards codification (asc) topic 740, that clarifies the accounting for uncertainty in tax positions taken or expected to be taken on a tax return and provides that the tax effects from uncertain tax position can be recognized in the financial statements only if, based on its merits, the position is more likely than not to be sustained on audit by the taxing authorities. Management believes that all tax positions taken to date are highly certain, and, accordingly, no accounting adjustment has been made to the financial statements.”

Raw XML Appendix322 raw XML fields

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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION AND THE LLC HAVE ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740, THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN AND PROVIDES THAT THE TAX EFFECTS FROM UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF, BASED ON ITS MERITS, THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT BY THE TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT ALL TAX POSITIONS TAKEN TO DATE ARE HIGHLY CERTAIN, AND, ACCORDINGLY, NO ACCOUNTING ADJUSTMENT HAS BEEN MADE TO THE FINANCIAL STATEMENTS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EUGENE FISHER, BOARD MEMBER AND SANDRA FISHER, EXECUTIVE DIRECTOR OF WATTS LEARNING CENTER FOUNDATION ARE MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WILL BE GIVEN TO THE BOARD MEMBERS FOR REVIEW AND APPROVAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL MEMBERS MUST DISCLOSE ANNUALLY ANY CONFLICTS OF INTEREST, WHICH ARE MONITORED BY THE BOARD. IF A CONFLICT ARISES THE BOARD MEMBER IS ASKED TO EXCUSE HIMSELF OR HERSELF FROM ALL DISCUSSIONS AND VOTING ON THE ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S LOCATION DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02255385
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02289726
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0113625
IRS990/TotalProgramServiceRevenueAmt0347299
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0347299
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0347299
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06731644
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06631159
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10310 W 95TH ST
IRS990/USAddress/City0LOS ANGELES
IRS990/USAddress/State0CA
IRS990/USAddress/ZIPCode090003
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0EUGENE L FISHER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03237549900
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine10WATTS LEARNING CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0WATT
ReturnHeader/Filer/EIN0261910610
ReturnHeader/Filer/PhoneNum03237549900
ReturnHeader/Filer/USAddress/AddressLine10310 W 95TH ST
ReturnHeader/Filer/USAddress/City0LOS ANGELES
ReturnHeader/Filer/USAddress/State0CA
ReturnHeader/Filer/USAddress/ZIPCode090003
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0952648289
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10VAVRINEKTRINEDAY & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine108270 ASPEN STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0RANCHO CUCAMONGA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode091730
ReturnHeader/PreparerPersonGrp/PhoneNum09094664410
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MATTHEW S MILLER
ReturnHeader/ReturnTs02015-05-13T14:19:21-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,631,159
Liabilities
$4,341,433
Net assets
$2,289,726
Revenue
$347,299
Expenses
$312,958
Net income
$34,341
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.90$6.63$2.27$0.43$0.53$0.09
2024Detailed filing. Detailed filing data is available for this year.$9.07$6.71$2.37$0.43$0.58$0.14
2023Detailed filing. Detailed filing data is available for this year.$9.34$6.83$2.51$0.43$0.45$0.02
2022Detailed filing. Detailed filing data is available for this year.$9.47$6.94$2.53$0.42$0.47$0.05
2021Detailed filing. Detailed filing data is available for this year.$9.61$7.04$2.58$0.42$0.47$0.05
2020Detailed filing. Detailed filing data is available for this year.$9.81$7.18$2.63$0.42$0.48$0.06
2019Detailed filing. Detailed filing data is available for this year.$10.0$7.33$2.68$0.42$0.48$0.06
2018Detailed filing. Detailed filing data is available for this year.$10.2$7.46$2.75$0.42$0.45$0.03
2017Detailed filing. Detailed filing data is available for this year.$9.43$6.66$2.77$0.43$0.31$0.12
2016Detailed filing. Detailed filing data is available for this year.$6.91$4.26$2.65$0.74$0.41$0.33
2015Detailed filing. Detailed filing data is available for this year.$6.80$4.48$2.32$0.35$0.31$0.03
2014Detailed filing. Detailed filing data is available for this year.$6.63$4.34$2.29$0.35$0.31$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.73$4.48$2.26$0.32