Civic Intelligence

Students Matter

990 • Fiscal year 2019 • EIN 27-3816952

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 28, 2020

Organization Profilestudentsmatter.org
325 Sharon Park Drive 521Menlo Park, CA 94025

(323) 892-2080

Siviq Scores

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

Liabilities / Assets

99th percentile

24.10x

Higher debt load relative to assets than 99% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

94th percentile

0.72x

Higher debt load relative to revenue than 94% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

97th percentile

86%

Higher net margin than 97% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

4th percentile

-81%

Faster asset growth than 4% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2019

Revenue Growth

7th percentile

-59%

Faster revenue growth than 7% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2019

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$8,068

Down $211,365 (-96%) from 2017

Net Assets

Up

-$186,399

Up $1,878,242 (+91%) from 2017

Liabilities

Down

$194,467

Down $2,089,607 (-91%) from 2017

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin97th percentile

Revenue

Down

$269,014

Down $1,348,626 (-83%) from 2017

Expenses

Down

$37,101

Down $1,133,908 (-97%) from 2017

Net Income

Down

$231,913

Down $214,718 (-48%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2017: $219,433Liabilities 2017: $2,284,074Net Assets 2017: -$2,064,6412017Assets 2019: $8,068Liabilities 2019: $194,467Net Assets 2019: -$186,3992019Assets 2020: $42,568Liabilities 2020: $30,600Net Assets 2020: $11,9682020Assets 2021: $210,097Liabilities 2021: $7,500Net Assets 2021: $202,5972021Assets 2022: $323,770Liabilities 2022: $58,069Net Assets 2022: $265,7012022Assets 2023: $30,711Liabilities 2023: $48,893Net Assets 2023: -$18,1822023Assets 2024: $2,455Liabilities 2024: $7,500Net Assets 2024: -$5,0452024

Highlighted filing

2019

Assets$8,068
Liabilities$194,467
Net Assets-$186,399
Open 2019 Filing

Operations Trend

Revenue Growth7th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2017: $1,617,640Expenses 2017: $1,171,009Net Income 2017: $446,6312017Revenue 2019: $269,014Expenses 2019: $37,101Net Income 2019: $231,9132019Revenue 2020: $303,768Expenses 2020: $105,401Net Income 2020: $198,3672020Revenue 2021: $310,004Expenses 2021: $119,375Net Income 2021: $190,6292021Revenue 2022: $650,944Expenses 2022: $587,840Net Income 2022: $63,1042022Revenue 2023: $491,612Expenses 2023: $775,495Net Income 2023: -$283,8832023Revenue 2024: $330,111Expenses 2024: $316,974Net Income 2024: $13,1372024

Highlighted filing

2019

Revenue$269,014
Expenses$37,101
Net Income$231,913
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 28, 2020
Return Version
2019v5.0
Gross Receipts
$455,378
Mission and Program Overview

Mission

Students Matter promotes access to quality public education through impact litigation, communications and advocacy. Students Matter fights for education equality in the court of law and in the court of public opinion, where students rights and voices matter most.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$325,453$8,054▼ $317,399
Cash and Non-Interest-Bearing Accounts$1,014$14▼ $1,000
Accounts Receivable-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$326,467$8,068▼ $318,399
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$431,598$193,598▼ $238,000
Accounts Payable and Accrued Expenses$6,994$869▼ $6,125
Total Liabilities$438,592$194,467▼ $244,125
Net Assets / Fund Balance
Net Assets With Donor Restrictions$306,187--
Net Assets Without Donor Restrictions$-418,312$-186,399▲ $231,913
Total Net Assets Fund Balance$-112,125$-186,399▼ $74,274
Total Liabilities and Net Assets / Fund Balance$326,467$8,068▼ $318,399
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
David WelchPresident
Ajit ShahSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$269,173
Program Service Revenue
$0
Investment Income
$-159
Other Revenue
$0
All Other Contributions
$269,173
Change in Net Assets
$231,913

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$186,364Exchange
Books and Publications-$70Comparable Sale
Total Noncash Contributions1$186,434-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$37,101
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-$16,066-$16,066
Advertising$11,347--$11,347
Fees for Services Accounting-$9,000-$9,000
Other Expenses-$688-$688
Total Functional Expenses$11,347$25,754$0$37,101
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
David WelchPresidentCredit Line GuarantorNo-

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
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The tax return is reviewed by the primary officer and is made available to the full board prior to its filing.”

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

“All Board members are required to disclose potential conflicts as they arise and then excuse themselves from any board vote covering such conflicts.”

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

“Governing documents are made available to the public immediately upon request of such information.”

Filing and Contact Details

Filer

Filer Name
Students Matter
EIN
27-3816952
Phone
3238922080
Address
325 Sharon Park Drive 521, Menlo Park, CA 94025

Signing Officer

Name
David Welch
Title
President
Signed
2020-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Welch
Formed
2010
Legal Domicile
CA
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
6

Preparer

Firm
Iryna Ac
Address
1000 Broadway 200-G, Oakland, CA 94607
Preparer
Iryna Oreshkova CPA
Phone
5104679506
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Refund of restricted contributions = -$306187”

Raw XML Appendix359 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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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0The Organization has a $6,400,000 revolving line of credit with a localfinancial institution. Provisions within the credit agreement allow fortermination by either party via either a default of the terms or completepay off. The credit line is secured by assets of the David and Heidi WelchRevocable Trust, the Organization's CEO and Director. Advances bearinterest at an indexed rate, based on the balance due, not to fall below2.25% or exceed 18%. For the year ended December 31, 2019 the interestrate accrued on advances is 3.75% and at December 31, 2019 the balance dueis $193,598.
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IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt0186364
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The tax return is reviewed by the primary officer and is made available to the full board prior to its filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All Board members are required to disclose potential conflicts as they arise and then excuse themselves from any board vote covering such conflicts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents are made available to the public immediately upon request of such information.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Refund of restricted contributions = -$306187
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Changes In Net Assets Or Fund Balances - Other Decreases
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt011347
IRS990/TotalFunctionalExpensesGrp/TotalAmt037101
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IRS990/USAddress/CityNm0Menlo Park
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IRS990/WebsiteAddressTxt0studentsmatter.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0David Welch
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Students Matter
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DBA The Students First Foundation
ReturnHeader/Filer/BusinessNameControlTxt0STUD
ReturnHeader/Filer/EIN0273816952
ReturnHeader/Filer/PhoneNum03238922080
ReturnHeader/Filer/USAddress/AddressLine1Txt0325 Sharon Park Drive 521
ReturnHeader/Filer/USAddress/CityNm0Menlo Park
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094025
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0204994635
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0IRYNA AC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01000 Broadway 200-G
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Oakland
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094607
ReturnHeader/PreparerPersonGrp/PhoneNum05104679506
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Iryna Oreshkova CPA
ReturnHeader/ReturnTs02020-04-30T12:49:01-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,068
Liabilities
$194,467
Net assets
-$186,399
Revenue
$269,014
Expenses
$37,101
Net income
$231,913
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.01$0.01$0.33$0.32$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.03$0.05$0.02$0.49$0.78$0.28
2022Detailed filing. Detailed filing data is available for this year.$0.32$0.06$0.27$0.65$0.59$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.21$0.01$0.20$0.31$0.12$0.19
2020Detailed filing. Detailed filing data is available for this year.$0.04$0.03$0.01$0.30$0.11$0.20
2019Detailed filing. Detailed filing data is available for this year.$0.01$0.19$0.19$0.27$0.04$0.23
2017Detailed filing. Detailed filing data is available for this year.$0.22$2.28$2.06$1.62$1.17$0.45