Civic Intelligence

Watts Learning Center Inc

990 • Fiscal year 2017 • EIN 26-1910610

Jul 01, 2016 to Jun 30, 2017 • Filed on May 04, 2018

Organization ProfileN/A
310 W 95th StLos Angeles, CA 90003

(323) 754-9900

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.71x

Higher debt load relative to assets than 83% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

98th percentile

15.43x

Higher debt load relative to revenue than 98% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

83rd percentile

28%

Higher net margin than 83% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

90th percentile

37%

Faster asset growth than 90% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

6th percentile

-42%

Faster revenue growth than 6% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$9,432,095

Up $2,522,529 (+37%) from 2016

Net Assets

Up

$2,773,257

Up $120,129 (+4.5%) from 2016

Liabilities

Up

$6,658,838

Up $2,402,400 (+56%) from 2016

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin83rd percentile

Revenue

Down

$431,562

Down $309,521 (-42%) from 2016

Expenses

Down

$311,433

Down $99,625 (-24%) from 2016

Net Income

Down

$120,129

Down $209,896 (-64%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth90th 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

2017

Assets$9,432,095
Liabilities$6,658,838
Net Assets$2,773,257
Open 2017 Filing

Operations Trend

Revenue Growth6th percentile

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

2017

Revenue$431,562
Expenses$311,433
Net Income$120,129
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 4, 2018
Return Version
2016v3.0
Gross Receipts
$431,562
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$6,625,450$9,365,121▲ $2,739,671
Savings and Temporary Cash Investments$244,844$43,881▼ $200,963
Prepaid Expenses and Deferred Charges$39,272$23,093▼ $16,179
Total Assets$6,909,566$9,432,095▲ $2,522,529
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,213,411$6,357,390▲ $2,143,979
Accounts Payable and Accrued Expenses$7,191$301,248▲ $294,057
Other Liabilities$35,836$200▼ $35,636
Total Liabilities$4,256,438$6,658,838▲ $2,402,400
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,653,128$2,773,257▲ $120,129
Total Net Assets Fund Balance$2,653,128$2,773,257▲ $120,129
Total Liabilities and Net Assets / Fund Balance$6,909,566$9,432,095▲ $2,522,529

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,719,461$961,779$5,681,240
Other Land Buildings$3,145,660-$3,145,660
Land$1,500,000-$1,500,000
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Eugene L FisherPresident
Justin SandersMember
Dr Owen KnoxSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Blackwell ConstructionConstruction12345 VENTURA BLVD SUITE H, Studio City, CA 91604$2,559,728
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$431,562
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$120,129
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$311,433
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-$189,930-$189,930
Depreciation Depletion$113,624--$113,624
Fees for Services Accounting-$5,150-$5,150
Fees for Services Legal-$1,998-$1,998
Other Expenses-$731-$731
Total Functional Expenses$113,624$197,809$0$311,433
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Intercompany Payables$200
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 B, Line 11B

“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 executive director and 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

Filer Name
Watts Learning Center Inc
EIN
26-1910610
Phone
3237549900
Address
310 W 95TH ST, LOS ANGELES, CA 90003

Signing Officer

Name
Eugene L Fisher
Title
President
Phone
3237549900
Signed
2018-05-04
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
Vavrinektrineday & Co Llp
Address
10681 FOOTHILL BLVD SUITE 300, RANCHO CUCAMONGA, CA 91730
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 Appendix365 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WILL BE GIVEN TO THE BOARD MEMBERS FOR REVIEW AND APPROVAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL MEMBERS MUST DISCLOSE ANNUALLY ANY CONFLICTS OF INTEREST, WHICH ARE MONITORED BY THE EXECUTIVE DIRECTOR AND 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/ExplanationTxt2ALL 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 B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TaxablePartyNotificationInd00
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ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,432,095
Liabilities
$6,658,838
Net assets
$2,773,257
Revenue
$431,562
Expenses
$311,433
Net income
$120,129
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