Civic Intelligence

Sigma Beta XI Inc.

990 • Fiscal year 2023 • EIN 30-0779014

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 24, 2024

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

88th percentile

0.75x

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

86th percentile

1.24x

Higher debt load relative to revenue than 86% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

77th percentile

22%

Higher net margin than 77% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

31st percentile

$81,154

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

93rd percentile

71%

Faster asset growth than 93% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

63rd percentile

14%

Faster revenue growth than 63% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Up

$5,515,588

Up $2,281,419 (+71%) from 2022

Net Assets

Up

$1,390,792

Up $1,397,526 (+20753%) from 2022

Liabilities

Up

$4,124,796

Up $883,893 (+27%) from 2022

Revenue

Up

$3,326,386

Up $421,077 (+14%) from 2022

Expenses

Down

$2,590,421

Down $751,434 (-22%) from 2022

Net Income

Up

$735,965

Up $1,172,511 (+269%) from 2022

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

2023

Assets$5,515,588
Liabilities$4,124,796
Net Assets$1,390,792

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

2023

Revenue$3,326,386
Expenses$2,590,421
Net Income$735,965
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 24, 2024
Return Version
2023v5.1
Gross Receipts
$3,326,386
Mission and Program Overview

Mission

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

Mentoring approximately 1000 students on 21 various school campuses located in the inland empire metropolitan area of southern california

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,114,185$2,068,782▼ $45,403
Savings and Temporary Cash Investments$249,468$1,089,943▲ $840,475
Accounts Receivable$630,196$454,092▼ $176,104
Cash and Non-Interest-Bearing Accounts$106,192$323,404▲ $217,212
Prepaid Expenses and Deferred Charges$11,321$11,321→ $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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$3,234,169$5,515,588▲ $2,281,419
Other Assets Total$122,807$1,568,046▲ $1,445,239
Liabilities
Other Liabilities$3,162,306$3,882,947▲ $720,641
Accounts Payable and Accrued Expenses$78,597$241,849▲ $163,252
Total Liabilities$3,240,903$4,124,796▲ $883,893
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$849,575-
Net Assets Without Donor Restrictions$-6,734$541,217▲ $547,951
Total Net Assets Fund Balance$-6,734$1,390,792▲ $1,397,526
Total Liabilities and Net Assets / Fund Balance$3,234,169$5,515,588▲ $2,281,419

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,040,322$68,905$1,109,227
Land$1,015,773-$1,015,773
Equipment$3,126$23,709$26,835
Other Land Buildings$7,901$11,159$19,060
Leasehold Improvements$1,660$1,311$2,971
Other Assets Org$121,316--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Darrell PeedenPresident & CEOFT$81,154$81,154
Berenice ZunigaCEOFT$80,923$80,923
Connie MarbuaryCFOFT$65,000$65,000

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
$3,137,645
Program Service Revenue
$142,212
Investment Income
$3,126
Other Revenue
$43,403
All Other Contributions
$3,137,645
Change in Net Assets
$735,965

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,326,386
Total Revenue per Audited Statements
$3,326,386
Total Revenue per Form 990
$3,326,386
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,650,830
Other Expenses$939,591
Total Fundraising Expense$197,112
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,199,029-$151,234$1,350,263
Fees for Services Other$241,279$41,568-$282,847
Current Officers, Directors, Trustees, and Key Employees$10,843$151,234-$162,077
Payroll Taxes$120,486$18,004-$138,490
Occupancy$108,179$13,522$13,524$135,225
Travel$82,785$20,696$18,261$121,742
Office Expenses$103,441$17,641-$121,082
Depreciation Depletion$37,252$4,652$4,656$46,560
Insurance$18,003$2,250$2,250$22,503
Information Technology$1,971$13,180-$15,151
Advertising$11,319$1,415$1,415$14,149
Interest-$11,895-$11,895
Other Expenses$627$157$138$922
All Other Expenses$505$103$75$683
Total Functional Expenses$2,089,251$304,058$197,112$2,590,421

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,590,421
Total Expenses per Audited Statements$2,590,421
Total Expenses per Form 990$2,590,421
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$3,571,671
Loan Payable - Sba Loan$150,000
Current Portion - Lease Liability$73,089
Loan Term Portion - Lease Liability$54,628
Payroll Taxes Payable$19,259
Accrued Interest$14,300
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
President & CEO
Signed
2024-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Darrell Peeden
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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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5PAYROLL TAXES PAYABLE
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