Civic Intelligence

Institute for Applied Tinkering DBA Sf Brightworks and Tinkering School

990 • Fiscal year 2014 • EIN 26-4299346

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 16, 2015

1960 Bryant StreetSan Francisco, CA 94110

(415) 701-8700

Siviq Scores

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

Liabilities / Assets

88th percentile

0.83x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

67th percentile

0.27x

Higher debt load relative to revenue than 67% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

71st percentile

12%

Higher net margin than 71% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

63rd percentile

$86,738

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

91st percentile

46%

Faster asset growth than 91% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

89th percentile

59%

Faster revenue growth than 89% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$499,576

Up $158,408 (+46%) from 2013

Net Assets

Up

$83,169

Up $187,472 (+180%) from 2013

Liabilities

Down

$416,407

Down $29,064 (-6.5%) from 2013

Revenue

Up

$1,527,289

Up $565,597 (+59%) from 2013

Expenses

Up

$1,339,817

Up $264,062 (+25%) from 2013

Net Income

Up

$187,472

Up $301,535 (+264%) from 2013

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2012: $423,474Liabilities 2012: $413,714Net Assets 2012: $9,7602012Assets 2013: $341,168Liabilities 2013: $445,471Net Assets 2013: -$104,3032013Assets 2014: $499,576Liabilities 2014: $416,407Net Assets 2014: $83,1692014Assets 2015: $944,191Liabilities 2015: $522,991Net Assets 2015: $421,2002015Assets 2016: $1,489,761Liabilities 2016: $618,040Net Assets 2016: $871,7212016Assets 2018: $1,361,672Liabilities 2018: $1,564,585Net Assets 2018: -$202,9132018Assets 2021: $2,128,364Liabilities 2021: $3,288,614Net Assets 2021: -$1,160,2502021Assets 2024: $8,901,224Liabilities 2024: $9,275,974Net Assets 2024: -$374,7502024

Highlighted filing

2014

Assets$499,576
Liabilities$416,407
Net Assets$83,169

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $763,0472012Revenue 2013: $961,692Expenses 2013: $1,075,755Net Income 2013: -$114,0632013Revenue 2014: $1,527,289Expenses 2014: $1,339,817Net Income 2014: $187,4722014Revenue 2015: $1,930,860Expenses 2015: $1,623,884Net Income 2015: $306,9762015Revenue 2016: $2,584,192Expenses 2016: $2,140,818Net Income 2016: $443,3742016Revenue 2018: $3,161,095Expenses 2018: $3,757,180Net Income 2018: -$596,0852018Revenue 2021: $3,838,130Expenses 2021: $3,882,283Net Income 2021: -$44,1532021Revenue 2024: $6,336,633Expenses 2024: $6,582,673Net Income 2024: -$246,0402024

Highlighted filing

2014

Revenue$1,527,289
Expenses$1,339,817
Net Income$187,472
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$1,527,289
Mission and Program Overview

Mission

The mission is to promote hands-on education worldwide.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$86,202$276,739▲ $190,537
Rtn Earn Endowment Incm Other Fnds$-104,303$83,169▲ $187,472
Land, Buildings, and Equipment, Net$47,186$35,031▼ $12,155
Accounts Receivable$42,260$13,957▼ $28,303
Prepaid Expenses and Deferred Charges$500$8,948▲ $8,448
Savings and Temporary Cash Investments$460$341▼ $119
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$341,168$499,576▲ $158,408
Other Assets Total$164,560$164,560→ $0
Liabilities
Other Liabilities$272,387$358,297▲ $85,910
Mortgage Notes Payable Secured by Investment Property$165,000$44,964▼ $120,036
Accounts Payable and Accrued Expenses$8,084$13,146▲ $5,062
Total Liabilities$445,471$416,407▼ $29,064
Net Assets / Fund Balance
Total Net Assets Fund Balance$-104,303$83,169▲ $187,472
Total Liabilities and Net Assets / Fund Balance$341,168$499,576▲ $158,408

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$33,929$30,757$64,686
Equipment$1,102$7,640$8,742
Other Assets Org$164,560--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gever TulleyEduc ArchitectFT$80,000$6,738$86,738
Ellen HathawayDirectorFT$80,000-$80,000

Board Members and Trustees

NameTitle
Matthew BrocchiniBoard President
Aleksandra VikatiBoard Member
Cyd HarrellBoard Member
Jim NewtonBoard Member
Kimberly SaxeBoard Member
Michael GoughBoard Member
Julie SpieglerSecretary
Remy HathawayTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$251,408
Program Service Revenue
$1,275,536
Investment Income
$345
Other Revenue
$0
All Other Contributions
$251,408
Change in Net Assets
$187,472
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$801,895
Other Expenses$537,922
Total Fundraising Expense$19,993
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$478,523$37,550-$516,073
Occupancy$225,066$12,438$1,674$239,178
Current Officers, Directors, Trustees, and Key Employees$112,716$37,348$16,674$166,738
Payroll Taxes$60,115$3,308$456$63,879
Other Employee Benefits$51,952$2,859$394$55,205
Information Technology$31,940$1,765$238$33,943
Travel$31,430$1,737$234$33,401
Fees for Services Accounting-$27,066-$27,066
Depreciation Depletion$11,438$632$85$12,155
Fees for Services Other$9,256$18$2$9,276
Office Expenses$7,484$413$56$7,953
Interest-$4,106-$4,106
Insurance-$2,999-$2,999
Other Expenses$5,725$375$180$375
Total Functional Expenses$1,185,870$133,954$19,993$1,339,817
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tuition Deposits$358,297
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
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
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Gever Tulley, Founder and Education Architect of Brightworks School, is a member of the Board of Directors, key employee, and is married to Julie Spiegler, the Board Secretary. Remy Hathaway, Treasurer of the Board of Directors, is the brother-in-law of Ellen Hathaway, Director of Brightworks School.

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

Insitute for Applied Tinkering's accounting firm forwarded the draft of the 990 to the Treasurer and Director for the initial review. The return is then forwarded to the Board of Directors for final review and approval.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Conflict of Interest forms are completed by all members of the Board of Directors on an annual basis.

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

The Board of Directors utilizes compensation surveys and reviews Form 990 of other San Francisco and Bay Area independent schools to establish the compensation of the Directors of Brightworks and Tinkering School.

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

The Organization utilizes compensation surveys to establish the compensation of the employees of Brightworks and Tinkering School.

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

The Organization provides its governing documents, conflict of interest policy, and Form 990 to the public upon request.

Filing and Contact Details

Filer

Filer Name
Institute for Applied Tinkering
EIN
26-4299346
Phone
4157018700
Address
1960 Bryant Street, San Francisco, CA 94110

Signing Officer

Name
Remy Hathaway
Title
Treasurer
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

Formed
2009
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
8
Employees
28
Volunteers
30

Preparer

Firm
Joseph J DiGiacomo CPA
Address
270 Valencia St Unit 203, San Francisco, CA 94103
Preparer
Joseph J DiGiacomo CPA
Phone
4158298885
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IRS990/Desc0San Francisco Brightworks is an innovative school that reimagines education. By taking the best practices from both early childhood education and hands-on, project-based experiential learning, we strive to meet students needs in a flexible, mixed-age environment that breaks the traditional walls between school and the community outside the classroom. We offer a broad-spectrum learning environment designed to encourage creative capacity, tenacity, and citizenship. Tinkering School acts as After School, Break, and Summer programming for Brightworks. Tinkering School is a place where children are given abstract, open-ended building projects and problems. Trained to use the tools required for success, they have the freedom to fail and the time to persevere.
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IRS990/OccupancyGrp/ProgramServicesAmt0225066
IRS990/OccupancyGrp/TotalAmt0239178
IRS990/OfficeExpensesGrp/FundraisingAmt056
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0413
IRS990/OfficeExpensesGrp/ProgramServicesAmt07484
IRS990/OfficeExpensesGrp/TotalAmt07953
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0164560
IRS990/OtherAssetsTotalGrp/EOYAmt0164560
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0394
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02859
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt051952
IRS990/OtherEmployeeBenefitsGrp/TotalAmt055205
IRS990/OtherExpensesGrp/Desc0Program Supplies
IRS990/OtherExpensesGrp/Desc1Meals
IRS990/OtherExpensesGrp/Desc2Classroom Furniture
IRS990/OtherExpensesGrp/Desc3Bank fees
IRS990/OtherExpensesGrp/FundraisingAmt0180
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01340
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1375
IRS990/OtherExpensesGrp/ProgramServicesAmt0135988
IRS990/OtherExpensesGrp/ProgramServicesAmt124237
IRS990/OtherExpensesGrp/ProgramServicesAmt25725
IRS990/OtherExpensesGrp/TotalAmt0135988
IRS990/OtherExpensesGrp/TotalAmt125757
IRS990/OtherExpensesGrp/TotalAmt25725
IRS990/OtherExpensesGrp/TotalAmt3375
IRS990/OtherLiabilitiesGrp/BOYAmt0272387
IRS990/OtherLiabilitiesGrp/EOYAmt0358297
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt037550
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0478523
IRS990/OtherSalariesAndWagesGrp/TotalAmt0516073
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0456
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03308
IRS990/PayrollTaxesGrp/ProgramServicesAmt060115
IRS990/PayrollTaxesGrp/TotalAmt063879
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0500
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08948
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/BusinessCd3611600
IRS990/ProgramServiceRevenueGrp/BusinessCd4611600
IRS990/ProgramServiceRevenueGrp/Desc0Camp & Before-Afterschool
IRS990/ProgramServiceRevenueGrp/Desc1Lunch & Application Fees
IRS990/ProgramServiceRevenueGrp/Desc2School Logo Clothing
IRS990/ProgramServiceRevenueGrp/Desc3Tuition Day School
IRS990/ProgramServiceRevenueGrp/Desc4Workshops
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0309856
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt117823
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt24378
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3838483
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4103168
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt117823
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt24378
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3838483
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4103168
IRS990/ProgSrvcAccomActy2Grp/Desc0Trusted with real tools and real supplies, kids are put in an environment where constraints breed creativity and foster problem-solving that will expand into every area of their lives. Kids learn to trust themselves and their curiosity. They develop new skills and vocabulary, their creativity and their ability to persist.
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IRS990/PYInvestmentIncomeAmt082
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IRS990/PYTotalExpensesAmt01075755
IRS990/PYTotalRevenueAmt0961692
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IRS990/ReconcilationRevenueExpnssAmt0187472
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0341
IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt07640
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08742
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt033929
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt030757
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt064686
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0164560
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Security Deposit
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0358297
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tuition Deposits
IRS990ScheduleD/TotalBookValueLandBuildingsAmt035031
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0164560
IRS990ScheduleD/TotalLiabilityAmt0358297
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The nondiscrimination policy is posted on the school's website, is publicized at school open houses, school tours, and during the interview process.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race

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