Civic Intelligence

San Carlos Charter Learning Center

990 • Fiscal year 2017 • EIN 27-4192987

Jul 01, 2016 to Jun 30, 2017 • Filed on May 07, 2018

750 Dartmouth AvenueSan Carlos, CA 94070

(650) 508-7343

Siviq Scores

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

Liabilities / Assets

54th percentile

0.12x

Higher debt load relative to assets than 54% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

34th percentile

0.04x

Higher debt load relative to revenue than 34% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

46th percentile

1.8%

Higher net margin than 46% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

82nd percentile

$142,039

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

46th percentile

2.1%

Faster asset growth than 46% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

52nd percentile

5.1%

Faster revenue growth than 52% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,538,702

Up $31,678 (+2.1%) from 2016

Net Assets

Up

$1,351,734

Up $81,072 (+6.4%) from 2016

Liabilities

Down

$186,968

Down $49,394 (-21%) from 2016

Revenue

Up

$4,522,871

Up $219,924 (+5.1%) from 2016

Expenses

Up

$4,441,799

Up $482,662 (+12%) from 2016

Net Income

Down

$81,072

Down $262,738 (-76%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $1,226,307Liabilities 2012: $762,345Net Assets 2012: $463,9622012Assets 2013: $1,082,471Liabilities 2013: $635,568Net Assets 2013: $446,9032013Assets 2015: $1,135,456Liabilities 2015: $208,604Net Assets 2015: $926,8522015Assets 2016: $1,507,024Liabilities 2016: $236,362Net Assets 2016: $1,270,6622016Assets 2017: $1,538,702Liabilities 2017: $186,968Net Assets 2017: $1,351,7342017Assets 2018: $1,545,294Liabilities 2018: $220,041Net Assets 2018: $1,325,2532018Assets 2021: $2,416,097Liabilities 2021: $660,729Net Assets 2021: $1,755,3682021Assets 2024: $3,261,709Liabilities 2024: $1,036,294Net Assets 2024: $2,225,4152024

Highlighted filing

2017

Assets$1,538,702
Liabilities$186,968
Net Assets$1,351,734

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: $2,651,8582012Expenses 2013: $3,274,8652013Revenue 2015: $3,699,632Expenses 2015: $3,362,613Net Income 2015: $337,0192015Revenue 2016: $4,302,947Expenses 2016: $3,959,137Net Income 2016: $343,8102016Revenue 2017: $4,522,871Expenses 2017: $4,441,799Net Income 2017: $81,0722017Revenue 2018: $4,606,524Expenses 2018: $4,633,005Net Income 2018: -$26,4812018Revenue 2021: $5,903,913Expenses 2021: $5,247,455Net Income 2021: $656,4582021Revenue 2024: $6,345,582Expenses 2024: $5,994,445Net Income 2024: $351,1372024

Highlighted filing

2017

Revenue$4,522,871
Expenses$4,441,799
Net Income$81,072
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 7, 2018
Return Version
2016v3.0
Gross Receipts
$4,522,871
Mission and Program Overview

Mission

Scclc is a collaborative public k-8 independent charter school community that educates, nurtures and inspires learners to be independent thinkers as well as socially and personally responsible citizens through academic excellence guided by research, innovation and continuous review.

The organization's purpose is to manage, operate, guide, direct and promote the san carlos charter learning center (scclc), a california public charter school serving students in grades k-8. Approved to operate in 1993, scclc is the oldest charter school in california.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$425,336$1,000,175▲ $574,839
Accounts Receivable$335,215$258,094▼ $77,121
Savings and Temporary Cash Investments$708,450$229,705▼ $478,745
Prepaid Expenses and Deferred Charges$38,023$50,728▲ $12,705
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-
Total Assets$1,507,024$1,538,702▲ $31,678
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$236,362$186,968▼ $49,394
Total Liabilities$236,362$186,968▼ $49,394
Net Assets / Fund Balance
Unrestricted Net Assets$1,252,684$1,342,756▲ $90,072
Temporarily Rstr Net Assets$17,978$8,978▼ $9,000
Total Net Assets Fund Balance$1,270,662$1,351,734▲ $81,072
Total Liabilities and Net Assets / Fund Balance$1,507,024$1,538,702▲ $31,678
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stacy Giles EmoryPresident & CEOFT$129,657$12,382$142,039
Carol A DraceTeacherFT$102,316$9,367$111,683
Karrie AmslerVP & COOFT$95,850$9,474$105,324
Jessica Burtis LindermanMember/TeacherFT$54,526$5,392$59,918
Jessika WelcomeTreasurer & CFOFT$51,419$6,613$58,032

Board Members and Trustees

NameTitle
Matt KowittChair
Danielle deBrierVice Chair
Alice MillerMember
Jason GischeMember
Leigh CasamentoMember
Olin PalmerMember
Sonya SiglerMember
Robert PorterMember/SCSD Rep
Revenue and Support

Revenue Composition

Contributions and Grants
$4,007,759
Program Service Revenue
$489,895
Investment Income
$3,874
Other Revenue
$21,343
All Other Contributions
$71,000
Change in Net Assets
$81,072

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,522,871
Total Revenue per Audited Statements
$4,522,871
Total Revenue per Form 990
$4,522,871
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,228,629
Other Expenses$1,213,170
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,132,666$136,473-$2,269,139
Fees for Services Other$285,075$167,307-$452,382
Pension Plan Contributions$374,147$18,819-$392,966
Current Officers, Directors, Trustees, and Key Employees$307,281$58,032-$365,313
Occupancy$9,457$307,655-$317,112
Other Employee Benefits$106,622$8,303-$114,925
Payroll Taxes$85,042$1,244-$86,286
Office Expenses$6,766$31,549-$38,315
Insurance$26,664--$26,664
Information Technology$18,165--$18,165
Travel$17,413--$17,413
Fees for Services Legal-$12,531-$12,531
Other Expenses$12,529$10,664-$12,529
Conferences and Meetings$9,000--$9,000
Fees for Services Accounting-$8,275-$8,275
Total Functional Expenses$3,680,947$760,852$0$4,441,799

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,441,799
Total Expenses per Audited Statements$4,441,799
Total Expenses per Form 990$4,441,799
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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 11B: Form 990 Review Process

After receiving the 990 from the accounting firm, authorized school personnel review the information against organization records and financials. Any discrepancies will be sent to the accounting firm. Once the final 990 is completed, it will be forwarded to the governing board for review.

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

Annually each designated employee, including governing board members and candidates for election and/or appointment to the governing board, shall file a statement of economic interest (form 700)to disclose any potential conflicts of interest in regards to interests in real property, business positions, and income required to be reported under the individuals employment position. The statements are reviewed by the board and filed.

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

The board of directors adopted a policy in which compensation is reviewed and approved by use of data as to comparable compensation for similarly qualified, persons in functionally comparable positions at similarly situated organizations. The policy also calls for contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement. Only employees receive compensation within the organization and no member of the board receives compensation for their time and effort as a participating member.

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

A binder of all public documents is made available to the public at the front office of the school.

Filing and Contact Details

Filer

Filer Name
San Carlos Charter Learning Center
EIN
27-4192987
Phone
6505087343
Address
750 Dartmouth Avenue, San Carlos, CA 94070

Signing Officer

Name
Jessika Welcome
Title
Business Director
Signed
2018-05-07
Discuss with paid preparer
Yes

Organization Details

Formed
2010
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
8
Employees
74
Volunteers
350

Preparer

Firm
Christy White Associates
Address
348 Olive Street, San Diego, CA 92103
Preparer
Christy White CPA
Phone
6192708222
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Management believes all of its significant tax positions would be upheld under examination; therefore, no provision for income tax has been recorded.

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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0SCCLC IS A COLLABORATIVE PUBLIC K-8 INDEPENDENT CHARTER SCHOOL COMMUNITY THAT EDUCATES, NURTURES AND INSPIRES LEARNERS TO BE INDEPENDENT THINKERS AS WELL AS SOCIALLY AND PERSONALLY RESPONSIBLE CITIZENS THROUGH ACADEMIC EXCELLENCE GUIDED BY RESEARCH, INNOVATION AND CONTINUOUS REVIEW.
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IRS990/OfficeExpensesGrp/ProgramServicesAmt06766
IRS990/OfficeExpensesGrp/TotalAmt038315
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IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08303
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0106622
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0114925
IRS990/OtherExpensesGrp/Desc0TEXTBOOKS & CLASSROOM SUPPLIES
IRS990/OtherExpensesGrp/Desc1STUDENT FIELD TRIPS
IRS990/OtherExpensesGrp/Desc2Dues & Memberships
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IRS990/OtherExpensesGrp/ProgramServicesAmt1115304
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IRS990/ProgramServiceRevenueGrp/Desc0AFTERSCHOOL CARE FEES
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IRS990/ProgramServiceRevenueGrp/Desc2STUDENT ACTIVITIES
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IRS990/ProgSrvcAccomActy2Grp/Desc0SCCLC OPERATES A FEE-BASED AFTERSCHOOL CARE PROGRAM, KNOWN AS THE EDUCARE PROGRAM. THE PROGRAM OFFERS FAMILIES WITH STUDENTS CURRENTLY ENROLLED IN THE CHARTER SCHOOL AN AFFORDABLE OPTION FOR CHILDCARE WHICH ALSO PROVIDES AN ACADEMIC ATMOSPHERE FOLLOWING THE CHARTER SCHOOL'S DAY OF INSTRUCTION. THE PROGRAM STRIVES TO CREATE AN EMOTIONALLY AND PHYSICALLY SAFE ENVIRONMENT BUILT ON TEAMWORK, CULTURAL AWARENESS, AND ACCEPTANCE.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT BELIEVES ALL OF ITS SIGNIFICANT TAX POSITIONS WOULD BE UPHELD UNDER EXAMINATION; THEREFORE, NO PROVISION FOR INCOME TAX HAS BEEN RECORDED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECEIVES FINANCIAL ASSISTANCE FORM THE CALIFORNIA DEPARTMENT OF EDUCATION AND THE COUNTY OF SAN MATEO, CALIFORNIA AS PART OF ITS OPERATION AS A PUBLIC CHARTER SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL PUBLISHES ITS NONDISCRIMINATORY POLICY WITHIN ITS CHARTER DOCUMENT. THE CHARTER DOCUMENT IS AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE AND IS MADE AVAILABLE UPON REQUEST.

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