Civic Intelligence

Watts Learning Center Inc

990 • Fiscal year 2022 • EIN 26-1910610

Jul 01, 2021 to Jun 30, 2022 • Filed on Oct 10, 2023

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

88th percentile

0.73x

Higher debt load relative to assets than 88% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

98th percentile

16.53x

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

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

18th percentile

-11%

Higher net margin than 18% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

42nd percentile

-1.5%

Faster asset growth than 42% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

41st percentile

0.0%

Faster revenue growth than 41% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$9,471,730

Down $139,919 (-1.5%) from 2021

Net Assets

Down

$2,530,238

Down $45,591 (-1.8%) from 2021

Liabilities

Down

$6,941,492

Down $94,328 (-1.3%) from 2021

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin18th percentile

Revenue

Up

$420,012

Up $9 (+0.0%) from 2021

Expenses

Down

$465,603

Down $6,521 (-1.4%) from 2021

Net Income

Up

-$45,591

Up $6,530 (+13%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth42nd 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

2022

Assets$9,471,730
Liabilities$6,941,492
Net Assets$2,530,238
Open 2022 Filing

Operations Trend

Revenue Growth41st 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

2022

Revenue$420,012
Expenses$465,603
Net Income-$45,591
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Oct 10, 2023
Return Version
2021v4.2
Gross Receipts
$420,012
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$9,567,964$9,373,280▼ $194,684
Prepaid Expenses and Deferred Charges$36,858$49,846▲ $12,988
Savings and Temporary Cash Investments$6,827$48,604▲ $41,777
Total Assets$9,611,649$9,471,730▼ $139,919
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,000,820$6,855,742▼ $145,078
Other Liabilities$0$45,180▲ $45,180
Deferred Revenue$35,000$35,000→ $0
Accounts Payable and Accrued Expenses-$5,570-
Total Liabilities$7,035,820$6,941,492▼ $94,328
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,575,829$2,530,238▼ $45,591
Total Net Assets Fund Balance$2,575,829$2,530,238▼ $45,591
Total Liabilities and Net Assets / Fund Balance$9,611,649$9,471,730▼ $139,919

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,873,280$1,860,893$9,734,173
Land$1,500,000-$1,500,000
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Eugene L FisherPresident
Justin SandersSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$420,000
Investment Income
$12
Other Revenue
$0
Change in Net Assets
$-45,591
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$465,603
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$256,303--$256,303
Depreciation Depletion$194,684--$194,684
Fees for Services Other-$10,978-$10,978
Other Expenses-$3,638-$3,638
Total Functional Expenses$450,987$14,616$0$465,603
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 Payable$45,180
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
2023-10-10
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
Eide Bailly Llp
Address
10681 FOOTHILL BLVD STE 300, RANCHO CUCAMONGA, CA 91730-3831
Preparer
Catherine L Gray CPA
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 Appendix357 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/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
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09611649
IRS990/TotalAssetsEOYAmt09471730
IRS990/TotalAssetsGrp/BOYAmt09611649
IRS990/TotalAssetsGrp/EOYAmt09471730
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt014616
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0450987
IRS990/TotalFunctionalExpensesGrp/TotalAmt0465603
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07035820
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0420000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0420012
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09471730
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IRS990/USAddress/ZIPCd090003
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0EUGENE L FISHER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03237549900
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-10
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ReturnHeader/Filer/BusinessNameControlTxt0WATT
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ReturnHeader/Filer/PhoneNum03237549900
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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/PreparationDt02023-10-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CATHERINE L GRAY CPA
ReturnHeader/ReturnTs02023-10-11T12:06:14-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0EUGENE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FISHER
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,471,730
Liabilities
$6,941,492
Net assets
$2,530,238
Revenue
$420,012
Expenses
$465,603
Net income
-$45,591
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