Civic Intelligence

Sigma Beta XI Inc.

990 • Fiscal year 2022 • EIN 30-0779014

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

12125 Day St E303Moreno Valley, CA 92557

(951) 247-1700

Siviq Scores

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

Liabilities / Assets

94th percentile

1.00x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

88th percentile

1.12x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

17th percentile

-15%

Higher net margin than 17% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

67th percentile

$97,390

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

98th percentile

280%

Faster asset growth than 98% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

75th percentile

34%

Faster revenue growth than 75% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$3,234,169

Up $2,382,361 (+280%) from 2021

Net Assets

Down

-$6,734

Down $586,546 (-101%) from 2021

Liabilities

Up

$3,240,903

Up $2,968,907 (+1092%) from 2021

Revenue

Up

$2,905,309

Up $733,795 (+34%) from 2021

Expenses

Up

$3,341,855

Up $1,532,821 (+85%) from 2021

Net Income

Down

-$436,546

Down $799,026 (-220%) from 2021

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2015: $14,211Liabilities 2015: $2,849Net Assets 2015: $11,3622015Assets 2016: $11,287Liabilities 2016: $27,767Net Assets 2016: -$16,4802016Assets 2017: -$8,352Liabilities 2017: $14,617Net Assets 2017: -$22,9692017Assets 2018: $7,807Liabilities 2018: $699Net Assets 2018: $7,1082018Assets 2019: $216,574Liabilities 2019: $5,317Net Assets 2019: $211,2572019Assets 2020: $274,179Liabilities 2020: $56,847Net Assets 2020: $217,3322020Assets 2021: $851,808Liabilities 2021: $271,996Net Assets 2021: $579,8122021Assets 2022: $3,234,169Liabilities 2022: $3,240,903Net Assets 2022: -$6,7342022Assets 2023: $5,515,588Liabilities 2023: $4,124,796Net Assets 2023: $1,390,7922023Assets 2024: $4,583,992Liabilities 2024: $3,775,573Net Assets 2024: $808,4192024

Highlighted filing

2022

Assets$3,234,169
Liabilities$3,240,903
Net Assets-$6,734

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2015: $164,809Expenses 2015: $153,447Net Income 2015: $11,3622015Revenue 2016: $330,250Expenses 2016: $358,092Net Income 2016: -$27,8422016Revenue 2017: $596,588Expenses 2017: $603,132Net Income 2017: -$6,5442017Revenue 2018: $591,611Expenses 2018: $561,533Net Income 2018: $30,0782018Revenue 2019: $1,041,465Expenses 2019: $837,316Net Income 2019: $204,1492019Revenue 2020: $1,452,962Expenses 2020: $1,446,887Net Income 2020: $6,0752020Revenue 2021: $2,171,514Expenses 2021: $1,809,034Net Income 2021: $362,4802021Revenue 2022: $2,905,309Expenses 2022: $3,341,855Net Income 2022: -$436,5462022Revenue 2023: $3,326,386Expenses 2023: $2,590,421Net Income 2023: $735,9652023Revenue 2024: $2,873,488Expenses 2024: $3,851,319Net Income 2024: -$977,8312024

Highlighted filing

2022

Revenue$2,905,309
Expenses$3,341,855
Net Income-$436,546
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$2,905,309
Mission and Program Overview

Mission

Mentoring approximately 400 students on 15 various school campuses located in the inland empire metropolitan area of southern california

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,060$2,114,185▲ $2,103,125
Accounts Receivable$87,312$630,196▲ $542,884
Savings and Temporary Cash Investments$691,559$249,468▼ $442,091
Cash and Non-Interest-Bearing Accounts$50,061$106,192▲ $56,131
Prepaid Expenses and Deferred Charges$7,716$11,321▲ $3,605
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$851,808$3,234,169▲ $2,382,361
Other Assets Total$4,100$122,807▲ $118,707
Liabilities
Other Liabilities$200,093$3,162,306▲ $2,962,213
Accounts Payable and Accrued Expenses$71,903$78,597▲ $6,694
Total Liabilities$271,996$3,240,903▲ $2,968,907
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$579,812$-6,734▼ $586,546
Total Net Assets Fund Balance$579,812$-6,734▼ $586,546
Total Liabilities and Net Assets / Fund Balance$851,808$3,234,169▲ $2,382,361

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,080,653$28,574$1,109,227
Land$1,015,773-$1,015,773
Equipment$4,772$20,906$25,678
Other Land Buildings$11,129$7,931$19,060
Leasehold Improvements$1,858$1,113$2,971
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Corey JacksonPresident & CEOFT$97,390$97,390
Berenice ZunigaVice PresidentFT$69,615$69,615
Darrell PeedenCFOFT$67,520$67,520

Board Members and Trustees

NameTitle
Gerald Daniels PhdDirector
Jason ParnellDirector
Kevin MooreDirector
Mark FieldsDirector
Daniel PeedenSecretary
De SonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,398,366
Program Service Revenue
$500,762
Investment Income
$549
Other Revenue
$5,632
All Other Contributions
$2,398,366
Change in Net Assets
$-436,546

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,905,309
Total Revenue per Audited Statements
$2,905,309
Total Revenue per Form 990
$2,905,309
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,716,380
Salaries, Compensation, and Employee Benefits$1,625,475
Total Fundraising Expense$179,203
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,115,679-$150,023$1,265,702
Fees for Services Other$473,455$83,495-$556,950
Information Technology$41,307$276,437-$317,744
Current Officers, Directors, Trustees, and Key Employees$84,502$150,023-$234,525
Payroll Taxes$108,966$16,282-$125,248
Occupancy$80,911$10,114$10,114$101,139
Office Expenses$66,951$11,416-$78,367
Travel$40,051$10,013$8,835$58,899
Depreciation Depletion$27,499$3,434$3,437$34,370
Insurance$20,745$2,593$2,593$25,931
Other Expenses$11,339$2,835$2,501$16,675
Advertising$11,709$1,464$1,464$14,637
All Other Expenses$1,072$268$236$1,576
Total Functional Expenses$2,566,221$596,431$179,203$3,341,855

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,341,855
Total Expenses per Audited Statements$3,341,855
Total Expenses per Form 990$3,341,855
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
Loan Payable - Arpa Loan$2,796,530
Loan Payable - Sba Loan$144,567
Grant Advance$78,333
Loan Term Portion - Lease Liability$73,412
Current Portion - Lease Liability$44,772
Payroll Taxes Payable$19,259
Current Portion - Sba Loan$5,433
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Sigma Beta Xi Inc
EIN
30-0779014
Phone
9512471700
Address
12125 DAY ST E303, MORENO VALLEY, CA 92557

Signing Officer

Name
Darrell Peeden
Title
CFO
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Corey a Jackson
Formed
2010
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
4
Employees
41

Preparer

Firm
Precision Tax Inc
Address
410 ALABAMA ST SUITE 101, REDLANDS, CA 92373
Preparer
Jackie N Skelton Ea
Phone
9093078844
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0SPONSORSHIP PROGRAM EXPENSE
IRS990/OtherExpensesGrp/Desc1Printing and Publications
IRS990/OtherExpensesGrp/Desc2Postage and Shipping
IRS990/OtherExpensesGrp/Desc3STIPENDS
IRS990/OtherExpensesGrp/FundraisingAmt02501
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt025936
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12121
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22835
IRS990/OtherExpensesGrp/ProgramServicesAmt0424047
IRS990/OtherExpensesGrp/ProgramServicesAmt138903
IRS990/OtherExpensesGrp/ProgramServicesAmt219085
IRS990/OtherExpensesGrp/ProgramServicesAmt311339
IRS990/OtherExpensesGrp/TotalAmt0424047
IRS990/OtherExpensesGrp/TotalAmt164839
IRS990/OtherExpensesGrp/TotalAmt221206
IRS990/OtherExpensesGrp/TotalAmt316675
IRS990/OtherLiabilitiesGrp/BOYAmt0200093
IRS990/OtherLiabilitiesGrp/EOYAmt03162306
IRS990/OtherRevenueMiscGrp/Desc0REFUNDS AND PROGRAM EXP REIMB
IRS990/OtherRevenueMiscGrp/ExclusionAmt05632
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05632
IRS990/OtherRevenueTotalAmt05632
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0150023
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01115679
IRS990/OtherSalariesAndWagesGrp/TotalAmt01265702
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt016282
IRS990/PayrollTaxesGrp/ProgramServicesAmt0108966
IRS990/PayrollTaxesGrp/TotalAmt0125248
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07716
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011321
IRS990/PrincipalOfficerNm0COREY A JACKSON
IRS990/PriorPeriodAdjustmentsAmt0-150000
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0MENTORING SERVICE PROGRAM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0500762
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0500762
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0877847
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt037
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0742387
IRS990/PYOtherRevenueAmt07748
IRS990/PYProgramServiceRevenueAmt01285882
IRS990/PYRevenuesLessExpensesAmt0362480
IRS990/PYSalariesCompEmpBnftPaidAmt01066647
IRS990/PYTotalExpensesAmt01809034
IRS990/PYTotalRevenueAmt02171514
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-436546
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02905309
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0691559
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0249468
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02899128
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02163729
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01451033
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06513890
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0549
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt037
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01377
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01963
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt05632
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt07748
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0552
IRS990ScheduleA/OtherIncome170Grp/TotalAmt013932
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt06513890
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02899128
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02163729
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01451033
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06513890
IRS990ScheduleA/TotalSupportAmt06529785
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01080653
IRS990ScheduleD/BuildingsGrp/DepreciationAmt028574
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01109227
IRS990ScheduleD/EquipmentGrp/BookValueAmt04772
IRS990ScheduleD/EquipmentGrp/DepreciationAmt020906
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt025678
IRS990ScheduleD/ExpensesSubtotalAmt03341855
IRS990ScheduleD/LandGrp/BookValueAmt01015773
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01015773
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01858
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01113
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02971
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt011129
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07931
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt019060
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt044772
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15433
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt278333
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt32796530
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4144567
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt573412
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt619259
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CURRENT PORTION - LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CURRENT PORTION - SBA LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2GRANT ADVANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3LOAN PAYABLE - ARPA LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4LOAN PAYABLE - SBA LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5LOAN TERM PORTION - LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6PAYROLL TAXES PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt02905309
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02114185
IRS990ScheduleD/TotalExpensesPerForm990Amt03341855
IRS990ScheduleD/TotalLiabilityAmt03162306
IRS990ScheduleD/TotalRevenuePerForm990Amt02905309
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02905309
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03341855
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0851808
IRS990/TotalAssetsEOYAmt03234169

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