Civic Intelligence

Meals on Wheels by Acc

990 • Fiscal year 2017 • EIN 30-0610870

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 22, 2018

7334 Park City DriveSacramento, CA 95831

(916) 444-9533

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.19x

Higher debt load relative to assets than 53% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

37th percentile

0.10x

Higher debt load relative to revenue than 37% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

67th percentile

9.8%

Higher net margin than 67% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$89,610

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

88th percentile

31%

Faster asset growth than 88% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

69th percentile

15%

Faster revenue growth than 69% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,747,325

Up $652,922 (+31%) from 2016

Net Assets

Up

$2,222,198

Up $512,395 (+30%) from 2016

Liabilities

Up

$525,127

Up $140,527 (+37%) from 2016

Revenue

Up

$5,319,996

Up $675,725 (+15%) from 2016

Expenses

Up

$4,796,165

Up $383,334 (+8.7%) from 2016

Net Income

Up

$523,831

Up $292,391 (+126%) from 2016

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2012: $1,221,470Liabilities 2012: $466,419Net Assets 2012: $755,0512012Assets 2013: $1,448,303Liabilities 2013: $467,943Net Assets 2013: $980,3602013Assets 2014: $1,690,345Liabilities 2014: $497,374Net Assets 2014: $1,192,9712014Assets 2015: $1,952,751Liabilities 2015: $514,397Net Assets 2015: $1,438,3542015Assets 2016: $2,094,403Liabilities 2016: $384,600Net Assets 2016: $1,709,8032016Assets 2017: $2,747,325Liabilities 2017: $525,127Net Assets 2017: $2,222,1982017Assets 2018: $2,959,328Liabilities 2018: $308,574Net Assets 2018: $2,650,7542018Assets 2019: $4,246,483Liabilities 2019: $588,344Net Assets 2019: $3,658,1392019Assets 2020: $5,147,601Liabilities 2020: $576,656Net Assets 2020: $4,570,9452020Assets 2021: $6,273,532Liabilities 2021: $1,000,900Net Assets 2021: $5,272,6322021Assets 2022: $6,325,147Liabilities 2022: $1,105,892Net Assets 2022: $5,219,2552022Assets 2023: $6,081,671Liabilities 2023: $1,074,880Net Assets 2023: $5,006,7912023Assets 2024: $6,682,488Liabilities 2024: $1,126,076Net Assets 2024: $5,556,4122024

Highlighted filing

2017

Assets$2,747,325
Liabilities$525,127
Net Assets$2,222,198

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2012: $3,879,7342012Expenses 2013: $4,009,7702013Revenue 2014: $4,473,189Expenses 2014: $4,257,028Net Income 2014: $216,1612014Revenue 2015: $4,937,759Expenses 2015: $4,689,366Net Income 2015: $248,3932015Revenue 2016: $4,644,271Expenses 2016: $4,412,831Net Income 2016: $231,4402016Revenue 2017: $5,319,996Expenses 2017: $4,796,165Net Income 2017: $523,8312017Revenue 2018: $4,844,462Expenses 2018: $4,392,797Net Income 2018: $451,6652018Revenue 2019: $5,865,084Expenses 2019: $4,942,565Net Income 2019: $922,5192019Revenue 2020: $6,472,553Expenses 2020: $5,556,046Net Income 2020: $916,5072020Revenue 2021: $7,064,889Expenses 2021: $6,922,585Net Income 2021: $142,3042021Revenue 2022: $8,621,183Expenses 2022: $8,210,250Net Income 2022: $410,9332022Revenue 2023: $10,302,189Expenses 2023: $10,592,831Net Income 2023: -$290,6422023Revenue 2024: $10,011,519Expenses 2024: $9,785,313Net Income 2024: $226,2062024

Highlighted filing

2017

Revenue$5,319,996
Expenses$4,796,165
Net Income$523,831
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 22, 2018
Return Version
2016v3.0
Gross Receipts
$5,443,202
Mission and Program Overview

Mission

Our mission is to promote the general welfare and to enhance the quality of life for older adults by identifying, developing and providing sensitive nutritious meals and related activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$999,002$1,464,183▲ $465,181
Pledges and Grants Receivable$472,777$727,399▲ $254,622
Cash and Non-Interest-Bearing Accounts$500,663$505,411▲ $4,748
Prepaid Expenses and Deferred Charges$81,976$35,932▼ $46,044
Land, Buildings, and Equipment, Net$37,302$14,400▼ $22,902
Accounts Receivable$2,683$0▼ $2,683
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,094,403$2,747,325▲ $652,922
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$384,600$525,127▲ $140,527
Total Liabilities$384,600$525,127▲ $140,527
Net Assets / Fund Balance
Unrestricted Net Assets$1,709,803$2,222,198▲ $512,395
Total Net Assets Fund Balance$1,709,803$2,222,198▲ $512,395
Total Liabilities and Net Assets / Fund Balance$2,094,403$2,747,325▲ $652,922

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$14,400$381,388$395,788
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
David MorikawaProgram DirectorFT$89,610$89,610

Board Members and Trustees

NameTitle
Brian ChinPresident
Tony LewisVice President
Betsy DonavanDirector
Diane Van MarenDirector
Jim TremblayDirector
Lance KlugDirector
Lucienne WongDirector
Shirley OpieDirector
Susan WheelerDirector
Paula HigashiSecretary
Ray ChanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Valley Services IncFood service8716 W Roosevelt Avenue, Visalia, CA 93291$2,152,663
Bateman Senior MealsFood service849 F Street, West Sacramento, CA 95605$1,200
Revenue and Support

Revenue Composition

Contributions and Grants
$5,303,265
Program Service Revenue
$0
Investment Income
$13,480
Other Revenue
$3,251
All Other Contributions
$923,719
Change in Net Assets
$523,831

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,313,128
Revenue Not Reported on Financial Statements
$6,868
Revenue Not Reported on Form 990
$910,127
Total Revenue per Audited Statements
$6,223,255
Total Revenue per Form 990
$5,319,996
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,136,879
Salaries, Compensation, and Employee Benefits$1,494,553
Total Fundraising Expense$240,540
Professional Fundraising Fees$164,733
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$975,093$36,639$34,483$1,046,215
Other Employee Benefits$309,959$11,647$10,961$332,567
All Other Expenses$196,223$7,372$6,939$210,534
Fees for Services Management-$182,476$13,361$195,837
Fees for Services Professional Fundraising--$164,733$164,733
Other Expenses$100,118$3,762$3,541$107,421
Current Officers, Directors, Trustees, and Key Employees$83,518$3,138$2,954$89,610
Insurance$28,620$1,075$1,012$30,707
Pension Plan Contributions$24,382$916$863$26,161
Depreciation Depletion$21,346$802$755$22,903
Fees for Services Accounting$14,952$562$529$16,043
Fees for Services Other$11,564$434$409$12,407
Fees for Service Investment Mgmnt Fees-$6,868-$6,868
Total Functional Expenses$4,299,934$255,691$240,540$4,796,165

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,710,860
Total Expenses per Form 990$4,796,165
Expenses per Audited Statements$4,789,297
Expenses Not Reported on Form 990$921,563
Expenses Not Reported on Financial Statements$6,868
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$164,733
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
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 6: Explanation of Classes of Members or Shareholder

Asian Community Center of Sacramento is the sole member of Meals on Wheels by ACC and has rights afforded members under the California Nonprofit Public Benefit Corporation Law.

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

Form 990 is prepared by a firm of certified public accountants and reviewed by management and the Audit Committee of the Board of Directors for review and approval prior to submittal to the IRS.

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

Each and every issue that comes up which could involve a conflict of interest is evaluated to determine if there is a conflict of interest or if a conflict of interest could be inferred and all issues with either a real or possibility of inferred conflict are avoided.

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

The annual budget, which includes staff salaries, is reviewed and approved by the Finance Committee of the Board of Directors. The Finance Committee then makes a recommendation to the Board of Directors for their final approval of the annual budget.

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

Form 990, audited financial statements, governing documents and policies are available for public inspection at the business office.

Filing and Contact Details

Filer

Filer Name
Meals on Wheels by ACC
EIN
30-0610870
Phone
9164449533
Address
7334 Park City Drive, Sacramento, CA 95831

Signing Officer

Name
Darrick Lam
Title
Managing Agent
Signed
2018-01-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Chin
Formed
2010
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
10
Employees
39
Volunteers
500

Preparer

Firm
Williams & Olds Cpas
Address
900 UNIVERSITY AVENUE SUITE 100, SACRAMENTO, CA 95825-6737
Preparer
Steven J Olds CPA
Phone
9168581680
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires MoW to report information regarding its exposure to various tax positions taken by MoW. MoW has determined whether any tax positions have met the recognition threshold and have measured the exposure to those tax positions. Management believes that MoW has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities. Federal and state tax authorities generally have the right to examine and audit the previous three years of tax returns filed. Any interest or penalties assessed to MoW are recorded in operating expenses. No interest or penalties from federal or state tax authorities were recorded in the accompanying consolidated financial statements.

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