Civic Intelligence

Watts Learning Center Inc

990 • Fiscal year 2020 • EIN 26-1910610

Jul 01, 2019 to Jun 30, 2020 • Filed on May 14, 2021

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

85th percentile

0.73x

Higher debt load relative to assets than 85% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

98th percentile

17.10x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

17th percentile

-13%

Higher net margin than 17% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

21st percentile

-2.0%

Faster asset growth than 21% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

45th percentile

0.0%

Faster revenue growth than 45% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$9,811,622

Down $199,674 (-2.0%) from 2019

Net Assets

Down

$2,627,950

Down $56,415 (-2.1%) from 2019

Liabilities

Down

$7,183,672

Down $143,259 (-2.0%) from 2019

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin17th percentile

Revenue

Up

$420,017

Up $8 (+0.0%) from 2019

Expenses

Down

$476,432

Down $6,534 (-1.4%) from 2019

Net Income

Up

-$56,415

Up $6,542 (+10%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth21st 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

2020

Assets$9,811,622
Liabilities$7,183,672
Net Assets$2,627,950
Open 2020 Filing

Operations Trend

Revenue Growth45th 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

2020

Revenue$420,017
Expenses$476,432
Net Income-$56,415
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 14, 2021
Return Version
2019v5.2
Gross Receipts
$420,017
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$9,957,331$9,762,647▼ $194,684
Savings and Temporary Cash Investments$30,872$25,882▼ $4,990
Prepaid Expenses and Deferred Charges$23,093$23,093→ $0
Total Assets$10,011,296$9,811,622▼ $199,674
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,291,931$7,148,672▼ $143,259
Other Liabilities$35,000$0▼ $35,000
Deferred Revenue-$35,000-
Total Liabilities$7,326,931$7,183,672▼ $143,259
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,684,365$2,627,950▼ $56,415
Total Net Assets Fund Balance$2,684,365$2,627,950▼ $56,415
Total Liabilities and Net Assets / Fund Balance$10,011,296$9,811,622▼ $199,674

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,262,647$1,471,526$9,734,173
Land$1,500,000-$1,500,000
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Eugene L FisherPresident
Justin SandersMember
Dr Owen KnoxSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$420,000
Investment Income
$17
Other Revenue
$0
Change in Net Assets
$-56,415
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$476,432
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$271,195--$271,195
Depreciation Depletion$194,684--$194,684
Occupancy$5,553--$5,553
Fees for Services Other-$5,000-$5,000
Total Functional Expenses$471,432$5,000$0$476,432
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
Audit committee
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“The organization does not have a committee with authority to act on its behalf.”

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
2021-05-14
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
3

Preparer

Firm
Eide Bailly Llp
Address
10681 FOOTHILL BLVD STE 300, RANCHO CUCAMONGA, CA 91730-3831
Preparer
Catherine L Gray
Phone
9094664410
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Management believes that the corporation has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the consolidated financial statements. The corporation would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.”

Raw XML Appendix353 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/ExplanationTxt0MANAGEMENT BELIEVES THAT THE CORPORATION HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE CORPORATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON ITS BEHALF.
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 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/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 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 12B, II
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0310 W 95TH ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LOS ANGELES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd090003
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0420000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL AMOUNT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0WATTS LEARNING CENTER FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt010011296
IRS990/TotalAssetsEOYAmt09811622
IRS990/TotalAssetsGrp/BOYAmt010011296
IRS990/TotalAssetsGrp/EOYAmt09811622
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05000
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0471432
IRS990/TotalFunctionalExpensesGrp/TotalAmt0476432
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07326931
IRS990/TotalLiabilitiesEOYAmt07183672
IRS990/TotalLiabilitiesGrp/BOYAmt07326931
IRS990/TotalLiabilitiesGrp/EOYAmt07183672
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02684365
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02627950
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0471432
IRS990/TotalProgramServiceRevenueAmt0420000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt017
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0420000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0420017
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010011296
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09811622
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0310 W 95TH ST
IRS990/USAddress/CityNm0LOS ANGELES
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090003
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0EUGENE L FISHER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03237549900
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WATTS LEARNING CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0WATT
ReturnHeader/Filer/EIN0261910610
ReturnHeader/Filer/PhoneNum03237549900
ReturnHeader/Filer/USAddress/AddressLine1Txt0310 W 95TH ST
ReturnHeader/Filer/USAddress/CityNm0LOS ANGELES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090003
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450250958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EIDE BAILLY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010681 FOOTHILL BLVD STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RANCHO CUCAMONGA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0917303831
ReturnHeader/PreparerPersonGrp/PhoneNum09094664410
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CATHERINE L GRAY
ReturnHeader/ReturnTs02021-05-17T09:02:47-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,811,622
Liabilities
$7,183,672
Net assets
$2,627,950
Revenue
$420,017
Expenses
$476,432
Net income
-$56,415
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