Civic Intelligence

Students Matter

990 • Fiscal year 2022 • EIN 27-3816952

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

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

74th percentile

0.18x

Higher debt load relative to assets than 74% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

66th percentile

0.09x

Higher debt load relative to revenue than 66% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

56th percentile

9.7%

Higher net margin than 56% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

87th percentile

54%

Faster asset growth than 87% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

89th percentile

110%

Faster revenue growth than 89% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$323,770

Up $113,673 (+54%) from 2021

Net Assets

Up

$265,701

Up $63,104 (+31%) from 2021

Liabilities

Up

$58,069

Up $50,569 (+674%) from 2021

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin56th percentile

Revenue

Up

$650,944

Up $340,940 (+110%) from 2021

Expenses

Up

$587,840

Up $468,465 (+392%) from 2021

Net Income

Down

$63,104

Down $127,525 (-67%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth87th 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

2022

Assets$323,770
Liabilities$58,069
Net Assets$265,701
Open 2022 Filing

Operations Trend

Revenue Growth89th 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

2022

Revenue$650,944
Expenses$587,840
Net Income$63,104
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$650,944
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.

Students Matter will continue to pursue a diverse set of program opportunities focused at delivering their legal right to a quality education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$210,097$322,052▲ $111,955
Cash and Non-Interest-Bearing Accounts-$1,718-
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$210,097$323,770▲ $113,673
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$7,500$58,069▲ $50,569
Total Liabilities$7,500$58,069▲ $50,569
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$202,597$265,701▲ $63,104
Total Net Assets Fund Balance$202,597$265,701▲ $63,104
Total Liabilities and Net Assets / Fund Balance$210,097$323,770▲ $113,673
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
David WelchPresident
Ajit ShahSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
50CAN IncStrategy for referendum1380 Monroe Street NW 413, Washington, DC 20010$121,000
Revenue and Support

Revenue Composition

Contributions and Grants
$650,143
Program Service Revenue
$0
Investment Income
$801
Other Revenue
$0
All Other Contributions
$650,143
Change in Net Assets
$63,104
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$504,806
Professional Fundraising Fees$83,034
Total Fundraising Expense$83,034
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$139,000--$139,000
Fees for Services Professional Fundraising--$83,034$83,034
Fees for Services Accounting-$1,800-$1,800
Other Expenses$177,570$936-$936
Total Functional Expenses$502,070$2,736$83,034$587,840
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$83,034
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
No
Annual disclosure for covered persons
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
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, Section B, Line 11B

“Audit committee reviews and then approves the Form 990.”

Form 990, Part VI, Section B, Line 12C

“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, Section C, Line 19

“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
2023-11-14
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
4

Preparer

Firm
Iryna AC
Address
1000 Broadway Ste 200-C, Oakland, CA 94607
Preparer
Kostyantyn Oreshkov EA
Phone
5104679506
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IRS990/MissionDesc0Students Matter continues to engage in defending the rights of school children. This past year, in support of the children while moving to a distant learning environment, Students Matter supported the families of LAUSD in their pursuit of adequate support for at home students. We continue to find opportunities where we can elevate the rights of children including the pursuit of defining children as a protected legal class of citizenry, creating a CA constitutional amendment protecting the childrens right to a quality education.
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0Current Year Facts and Circumstances: Students Matter is a California nonprofit public benefit corporation that formed in 2010. Its specific purpose has always been to make a high-quality public education a constitutional right under the Constitution of the State of California more specifically, that the State of California and each of its school districts must provide all public school students with high-quality public schools (schools that equip said students with the tools necessary to participate fully in our economy, our society, and our democracy).The first charitable activity it undertook was to pursue, and provide all of the funding for, a lawsuit brought by 9 students who sued the State of California claiming that the quality of education they were receiving was so poor that it was violating their constitutional rights under the Constitution of the State of California (the case was titled Vergara v. California). The case was won by the students at the Superior Court level. The appellate court overruled the Superior Court, and the California Supreme Court, by a 4-3 margin in which two of the dissenting judges wrote compelling opinions regarding the merits of the case, declined to accept review of the appellate court decision.Vergara cost approximately thirty million dollars through 2017 to fund and fully pay off, and after its conclusion, Students Matters directors and advisory board wanted to continue to find other ways of pursuing its charitable purpose. Accordingly, Students Matter at that time needed to come up with additional capital to fund subsequent efforts to make a high quality public education in California constitutionally guaranteed.Students Matter has always relied on meeting the public support test, and thus qualifying as a public charity, by meeting the one-third of public support requirement found in Internal Revenue Code Section 170(b)(1)(A)(vi). Since its inception, Students Matter has been classified as a publicly supported organization each year through 2021. In 2022, its public support percentage, in the aggregate, for calendar years 2018-2022 is 30.21%, which is less than 33.34%, which means that in order to be classified as a public charity for 2022, it needs to meet the facts and circumstances test.The first criteria of the facts and circumstances test is that Students Matters public support percentage in the aggregate for calendar years 2018-2022 be at least 10%; it is 30.21%. The second criteria is that Students Matter must be organized and operated so as to attract new and additional public support on a continuous basis, and that it maintains a continuous and bona fide program for the solicitation of funds from the general public or other public charities. In examining this criteria, consideration is to be given to whether the scope of its fundraising activities is reasonable in light of its charitable activities, and the fact that an organization in its early stages may limit the scope of its solicitation to persons deemed most likely to provide seed money in an amount sufficient to enable it to commence its charitable activities and expand its solicitation program.Since its inception, Students Matter has been organized and operated so as to attract new and additional public support, evidenced by the fact that it was classified as a publicly supported charity from its inception in 2010 until 2021. The problem for 2022 is that Students Matter in 2017 had depleted almost all of its assets in supporting and funding Vergara. Even though it was only 7 years old, it basically needed some seed money to pay off outstanding bills, pay staff, and continue to do activities in alignment with its charitable purpose. Accordingly, one of its directors, David Welch, and his family contributed over $1,921,000 in 2018, the first year of the 2018-2022 timeframe that is being examined here, which is over 84% of the total support raised by Students Matter in 2018. Importantly, to show that Students Matter isnt
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleG/AgrmtProfFundraisingActyInd0true
IRS990ScheduleG/EmailSolicitationsInd0X
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IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd1false
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt0650143
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0567109
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0Tracy Austin Inc
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt083034
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt09869 Easton Drive
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0Beverly Hills
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IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd090210
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IRS990ScheduleG/LicensedStatesCd0CA
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/TotalGrossReceiptsAmt0650143
IRS990ScheduleG/TotalNetToOrganizationAmt0567109
IRS990ScheduleG/TotalRetainedByContractorsAmt083034
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Audit committee reviews and then approves the Form 990.
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/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0323770
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02736
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0587840
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IRS990/TotalLiabilitiesGrp/EOYAmt058069
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IRS990/TotalProgramServiceExpensesAmt0502070
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0801
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0650944
IRS990/TotalVolunteersCnt04
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0323770
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094025
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0studentsmatter.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0David Welch
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Students Matter
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/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0204994635
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Iryna AC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01000 Broadway Ste 200-C
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Oakland
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094607
ReturnHeader/PreparerPersonGrp/PhoneNum05104679506
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kostyantyn Oreshkov EA
ReturnHeader/ReturnTs02023-11-14T11:19:39-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0David
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Welch
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$323,770
Liabilities
$58,069
Net assets
$265,701
Revenue
$650,944
Expenses
$587,840
Net income
$63,104
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
Peer Organizations

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