Civic Intelligence

Da Vinci Schools

990 • Fiscal year 2021 • EIN 26-3405843

Jul 01, 2020 to Jun 30, 2021 • Filed on Feb 28, 2022

201 North DouglasEl Segundo, CA 90245

(310) 725-5800

Siviq Scores

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

Liabilities / Assets

51st percentile

0.22x

Higher debt load relative to assets than 51% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

27th percentile

0.11x

Higher debt load relative to revenue than 27% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

58th percentile

16%

Higher net margin than 58% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

58th percentile

$278,592

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

66th percentile

17%

Faster asset growth than 66% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

50th percentile

12%

Faster revenue growth than 50% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Up

$15,965,720

Up $2,317,511 (+17%) from 2020

Net Assets

Up

$12,508,990

Up $5,138,728 (+70%) from 2020

Liabilities

Down

$3,456,730

Down $2,821,217 (-45%) from 2020

Revenue

Up

$31,536,046

Up $3,441,761 (+12%) from 2020

Expenses

Up

$26,397,318

Up $1,601,304 (+6.5%) from 2020

Net Income

Up

$5,138,728

Up $1,840,457 (+56%) from 2020

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $1,448,627Liabilities 2010: $243,320Net Assets 2010: $1,205,3072010Assets 2011: $2,546,325Liabilities 2011: $586,920Net Assets 2011: $1,959,4052011Assets 2013: $5,071,854Liabilities 2013: $2,172,771Net Assets 2013: $2,899,0832013Assets 2014: $4,039,367Liabilities 2014: $1,924,465Net Assets 2014: $2,114,9022014Assets 2015: $3,957,086Liabilities 2015: $1,781,973Net Assets 2015: $2,175,1132015Assets 2016: $5,216,872Liabilities 2016: $1,301,141Net Assets 2016: $3,915,7312016Assets 2017: $7,971,422Liabilities 2017: $2,888,244Net Assets 2017: $5,083,1782017Assets 2018: $6,865,968Liabilities 2018: $2,754,739Net Assets 2018: $4,111,2292018Assets 2019: $7,254,055Liabilities 2019: $3,182,064Net Assets 2019: $4,071,9912019Assets 2020: $13,648,209Liabilities 2020: $6,277,947Net Assets 2020: $7,370,2622020Assets 2021: $15,965,720Liabilities 2021: $3,456,730Net Assets 2021: $12,508,9902021Assets 2022: $25,309,079Liabilities 2022: $11,435,948Net Assets 2022: $13,873,1312022Assets 2023: $29,789,888Liabilities 2023: $10,806,718Net Assets 2023: $18,983,1702023Assets 2024: $28,293,612Liabilities 2024: $8,814,072Net Assets 2024: $19,479,5402024Assets 2025: $31,403,961Liabilities 2025: $11,833,117Net Assets 2025: $19,570,8442025

Highlighted filing

2021

Assets$15,965,720
Liabilities$3,456,730
Net Assets$12,508,990

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $2,865,0682010Expenses 2011: $4,550,6582011Expenses 2013: $10,195,9322013Revenue 2014: $10,745,714Expenses 2014: $11,529,895Net Income 2014: -$784,1812014Revenue 2015: $13,624,849Expenses 2015: $13,564,638Net Income 2015: $60,2112015Revenue 2016: $17,095,297Expenses 2016: $15,354,679Net Income 2016: $1,740,6182016Revenue 2017: $21,125,164Expenses 2017: $19,957,717Net Income 2017: $1,167,4472017Revenue 2018: $23,448,184Expenses 2018: $25,110,255Net Income 2018: -$1,662,0712018Revenue 2019: $26,550,810Expenses 2019: $26,580,381Net Income 2019: -$29,5712019Revenue 2020: $28,094,285Expenses 2020: $24,796,014Net Income 2020: $3,298,2712020Revenue 2021: $31,536,046Expenses 2021: $26,397,318Net Income 2021: $5,138,7282021Revenue 2022: $35,356,833Expenses 2022: $33,992,692Net Income 2022: $1,364,1412022Revenue 2023: $44,247,642Expenses 2023: $39,137,603Net Income 2023: $5,110,0392023Revenue 2024: $44,847,970Expenses 2024: $44,351,600Net Income 2024: $496,3702024Revenue 2025: $44,705,057Expenses 2025: $44,613,753Net Income 2025: $91,3042025

Highlighted filing

2021

Revenue$31,536,046
Expenses$26,397,318
Net Income$5,138,728
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 28, 2022
Return Version
2020v4.0
Gross Receipts
$31,536,046
Mission and Program Overview

Mission

Organize and operate charter schools in the Wiseburn School District geographic area

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$5,926,952$8,506,002▲ $2,579,050
Savings and Temporary Cash Investments$5,158,604$5,194,520▲ $35,916
Land, Buildings, and Equipment, Net$1,591,745$2,188,785▲ $597,040
Prepaid Expenses and Deferred Charges$55,722$70,663▲ $14,941
Cash and Non-Interest-Bearing Accounts-$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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$13,648,209$15,965,720▲ $2,317,511
Other Assets Total$915,186$5,750▼ $909,436
Liabilities
Other Liabilities$3,548,006--
Deferred Revenue-$1,886,258-
Accounts Payable and Accrued Expenses$1,729,941$1,570,472▼ $159,469
Unsecured Notes Loans Payable$1,000,000--
Total Liabilities$6,277,947$3,456,730▼ $2,821,217
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,324,293$12,043,566▲ $5,719,273
Net Assets With Donor Restrictions$1,045,969$465,424▼ $580,545
Total Net Assets Fund Balance$7,370,262$12,508,990▲ $5,138,728
Total Liabilities and Net Assets / Fund Balance$13,648,209$15,965,720▲ $2,317,511

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,188,785$705,915-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Matthew WunderExecutive DirectorFT$278,592$278,592
Jennifer HawnCAOFT$189,720$189,720
Vicente BravoChief operating officerFT$179,851$179,851
Steve WallisPrincipalFT$156,520$156,520
Michelle RaineyPrincipalFT$152,827$152,827
Grace LongAsst PrincipalFT$136,335$136,335
Erin D'SouzaPrincipalFT$129,513$129,513
Veronica RodriquezPrincipalFT$126,699$126,699
Rebecca RobertsonAsst PrincipalFT$123,554$123,554
Allegra JohnsonSPED DirectorFT$120,712$120,712
Carla LevensonDirector of External RelationsFT$119,982$119,982
Michael AmatoDirector of FinanceFT$112,619$112,619
Marc PiochAsst principalFT$111,636$111,636
John FernandezDirector of FacilitiesFT$110,757$110,757
Francis DivinagraciaTeacherFT$109,875$109,875
ErinWhalenPrincipalFT$109,797$109,797
Kari CroftPrincipalFT$107,140$107,140
Kaitlin O'Melveny-ToonPrincipalFT$105,913$105,913
Mary RingExec DirectorFT$105,000$105,000
Jesse CorralDirector of ITFT$103,698$103,698
Raymond PerezTeacherFT$101,351$101,351
Lynn RodriquezSchool psychologistFT$101,314$101,314
Andrew McGregorTeacherFT$101,229$101,229
Marshall MayotteChief Financial officerFT$101,192$101,192
Julie IchirokuTeacherFT$100,971$100,971

Board Members and Trustees

NameTitle
Donald BrannPresident
Derrick BostonTrustee
Jo WebberTrustee
Raul OchoaTrustee
Raynaldo Santiago JrTrustee
Jennifer MorganSecretary
Brian MeathTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Charter School ManagementFinancial services43460 Ridge Park Dr Suite 100, Temecula, CA 92590$384,000
Micron Disinfection LLCCleaning supplies2100 N Sepulveda Blvd Unit 16, Manhattan Beach, CA 90266$233,451
Southern New Hampshire UniversityCollege Ed ServicesPO Box 55008, Boston, MA 02205$168,339
MW Audio VisualTechnology services4607 MacAfee Road, Torrance, CA 90505$166,824
STAR of CA Mental HealthMental health services4880 Market St, Ventura, CA 93033$124,002
Revenue and Support

Revenue Composition

Contributions and Grants
$31,536,046
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$5,138,728

Audited Revenue Reconciliation

Revenue per Audited Statements
$31,536,046
Total Revenue per Audited Statements
$31,536,046
Total Revenue per Form 990
$31,536,046
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$19,795,233
Other Expenses$6,602,085
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,570,137$919,142-$11,489,279
Current Officers, Directors, Trustees, and Key Employees$2,941,053$255,744-$3,196,797
Other Employee Benefits$2,891,792$251,460-$3,143,252
Pension Plan Contributions$1,696,329$147,507-$1,843,836
All Other Expenses$927,937$691,980-$1,619,917
Occupancy$404,547$35,178-$439,725
Other Expenses$425,520$50,810-$425,520
Insurance$318,224--$318,224
Fees for Services Legal-$144,706-$144,706
Depreciation Depletion$122,069--$122,069
Payroll Taxes$112,303$9,766-$122,069
Travel$54,239$4,716-$58,955
Interest-$18,073-$18,073
Total Functional Expenses$23,868,236$2,529,082$0$26,397,318

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$26,397,318
Total Expenses per Audited Statements$26,397,318
Total Expenses per Form 990$26,397,318
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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
Yes

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

A copy of the Form 990, Form 199 and RRF-1 is furnished in a pdf to each board member via e-mail. The members review and present any questions or concerns that are discussed via e-mail to all members. Once approved, the Treasurer signs and files the forms prior to the extended deadline.

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

The Board reviews and approves the compensation for the Executive Director and administrative staff.

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

The Executive Director prepared a compensation matrix of education levels and experience to determine teacher and support staff compensation. The Board approved the compensation matrix. The Executive Director is charged with the responsibility of administering the approved matrix.

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

Financial Statements and Information reporting is provided upon request at the corporate offices.

Filing and Contact Details

Filer

Filer Name
Da Vinci Schools
EIN
26-3405843
Phone
3107255800
Address
201 North Douglas, El Segundo, CA 90245

Signing Officer

Name
Brian Meath
Title
Treasurer
Signed
2022-02-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald Brann
Formed
2008
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
300
Volunteers
36

Preparer

Firm
Wayland & Vukadinovich LLP
Address
1097 Aviation Blvd, Hermosa Beach, CA 90254
Preparer
Gary Wayland
Phone
3103760455
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Financial Statements were prepared in accordance with Government Accounting Standards

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IRS990/Form990PartVIISectionAGrp/TitleTxt11Director of Finance
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IRS990/Form990PartVIISectionAGrp/TitleTxt13Director of Facilities
IRS990/Form990PartVIISectionAGrp/TitleTxt14Teacher
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IRS990/Form990PartVIISectionAGrp/TitleTxt16Principal
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IRS990/Form990PartVIISectionAGrp/TitleTxt19Director of IT
IRS990/Form990PartVIISectionAGrp/TitleTxt20Teacher
IRS990/Form990PartVIISectionAGrp/TitleTxt21School psychologist
IRS990/Form990PartVIISectionAGrp/TitleTxt22Teacher
IRS990/Form990PartVIISectionAGrp/TitleTxt23Chief Financial officer
IRS990/Form990PartVIISectionAGrp/TitleTxt24Teacher
IRS990/Form990PartVIISectionAGrp/TitleTxt25Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt26President
IRS990/Form990PartVIISectionAGrp/TitleTxt27Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt28Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt29Trustee
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$31.4$11.8$19.6$44.7$44.6$0.09
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.3$8.81$19.5$44.8$44.4$0.50
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.8$10.8$19.0$44.2$39.1$5.11
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.3$11.4$13.9$35.4$34.0$1.36
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.0$3.46$12.5$31.5$26.4$5.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.6$6.28$7.37$28.1$24.8$3.30
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.25$3.18$4.07$26.6$26.6$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.87$2.75$4.11$23.4$25.1$1.66
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.97$2.89$5.08$21.1$20.0$1.17
2016Detailed filing. Detailed filing data is available for this year.$5.22$1.30$3.92$17.1$15.4$1.74
2015Detailed filing. Detailed filing data is available for this year.$3.96$1.78$2.18$13.6$13.6$0.06
2014Detailed filing. Detailed filing data is available for this year.$4.04$1.92$2.11$10.7$11.5$0.78
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.07$2.17$2.90$10.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.55$0.59$1.96$4.55
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$0.24$1.21$2.87
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • $25M-$50M nonprofits