Civic Intelligence

Tustin Public Schools Foundation

990 • Fiscal year 2014 • EIN 33-0353928

Jun 01, 2013 to May 31, 2014 • Filed on Feb 05, 2015

150 El Camino Real92780

(714) 832-6299

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.06x

Higher debt load relative to assets than 42% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

46th percentile

0.09x

Higher debt load relative to revenue than 46% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

87th percentile

37%

Higher net margin than 87% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

66th percentile

$92,172

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

87th percentile

31%

Faster asset growth than 87% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$2,075,272

Up $488,862 (+31%) from 2013

Net Assets

Up

$1,949,412

Up $530,557 (+37%) from 2013

Liabilities

Down

$125,860

Down $41,695 (-25%) from 2013

Revenue

$1,371,138

No earlier filing loaded for comparison.

Expenses

Up

$863,510

Up $141,771 (+20%) from 2013

Net Income

$507,628

No earlier filing loaded for comparison.

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$0Assets 2012: $1,481,089Liabilities 2012: $143,543Net Assets 2012: $1,337,5462012Assets 2013: $1,586,410Liabilities 2013: $167,555Net Assets 2013: $1,418,8552013Assets 2014: $2,075,272Liabilities 2014: $125,860Net Assets 2014: $1,949,4122014Assets 2015: $1,998,267Liabilities 2015: $105,461Net Assets 2015: $1,892,8062015Assets 2016: $2,032,358Liabilities 2016: $191,255Net Assets 2016: $1,841,1032016Assets 2017: $2,246,649Liabilities 2017: $254,467Net Assets 2017: $1,992,1822017Assets 2018: $2,468,705Liabilities 2018: $238,488Net Assets 2018: $2,230,2172018Assets 2019: $2,709,892Liabilities 2019: $264,090Net Assets 2019: $2,445,8022019Assets 2021: $3,522,725Liabilities 2021: $501,004Net Assets 2021: $3,021,7212021Assets 2022: $3,826,823Liabilities 2022: $655,889Net Assets 2022: $3,170,9342022Assets 2025: $4,944,453Liabilities 2025: $737,798Net Assets 2025: $4,206,6552025

Highlighted filing

2014

Assets$2,075,272
Liabilities$125,860
Net Assets$1,949,412

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $878,2212012Expenses 2013: $721,7392013Revenue 2014: $1,371,138Expenses 2014: $863,510Net Income 2014: $507,6282014Revenue 2015: $1,015,196Expenses 2015: $1,017,985Net Income 2015: -$2,7892015Revenue 2016: $1,001,710Expenses 2016: $1,028,468Net Income 2016: -$26,7582016Revenue 2017: $1,078,294Expenses 2017: $970,134Net Income 2017: $108,1602017Revenue 2018: $1,297,315Expenses 2018: $1,015,813Net Income 2018: $281,5022018Revenue 2019: $1,551,572Expenses 2019: $1,054,329Net Income 2019: $497,2432019Revenue 2021: $934,652Expenses 2021: $723,828Net Income 2021: $210,8242021Revenue 2022: $1,450,098Expenses 2022: $1,208,516Net Income 2022: $241,5822022Revenue 2025: $2,014,295Expenses 2025: $1,592,381Net Income 2025: $421,9142025

Highlighted filing

2014

Revenue$1,371,138
Expenses$863,510
Net Income$507,628
Jump To
Filing Snapshot
Filing Period
Jun 1, 2013 to May 31, 2014
Signed
Feb 5, 2015
Return Version
2013v4.0
Gross Receipts
$2,708,562
Mission and Program Overview

Mission

The tustin public schools foundation is dedicated to furthering excellence in local public schools by mobilizing the community and its resources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$469,144$398,771▼ $70,373
Investments in Publicly Traded Securities$148,895$237,477▲ $88,582
Prepaid Expenses and Deferred Charges-$35,239-
Accounts Receivable$9,055$16,960▲ $7,905
Land, Buildings, and Equipment, Net$3,354$1,397▼ $1,957
Savings and Temporary Cash Investments-$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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,586,410$2,075,272▲ $488,862
Other Assets Total$955,962$1,385,428▲ $429,466
Liabilities
Deferred Revenue$145,550$103,301▼ $42,249
Accounts Payable and Accrued Expenses$22,005$22,559▲ $554
Total Liabilities$167,555$125,860▼ $41,695
Net Assets / Fund Balance
Unrestricted Net Assets$1,243,426$1,755,109▲ $511,683
Temporarily Rstr Net Assets$99,240$111,989▲ $12,749
Permanently Rstr Net Assets$76,189$82,314▲ $6,125
Total Net Assets Fund Balance$1,418,855$1,949,412▲ $530,557
Total Liabilities and Net Assets / Fund Balance$1,586,410$2,075,272▲ $488,862

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,397$28,275$29,672
Other Land Buildings-$3,070$3,070
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Carol Burby-garrettExecutive DirectorFT$92,172$92,172

Board Members and Trustees

NameTitle
Tom ZeiglerPast President
Margie SepulvedaPresident
Bill PevehouseBoard Member
Camille GershenovitzBoard Member
Curtis RachBoard Member
Debbie EwingBoard Member
Julie HirzBoard Member
Kathy EllisBoard Member
Kelly FreschBoard Member
Margaret ChoeBoard Member
Robert WrightBoard Member
Sujata Kamadar ModyBoard Member
Tony FidukBoard Member
Tracie PhamBoard Member
Gerry AustParliamentarian
Megan T FossSecretary
Bob MachadoTreasurer
Paul WassermanVP Comm Relatn
Armen KaramardianVP Development
Laurie AbeloveVP Events
Revenue and Support

Revenue Composition

Contributions and Grants
$779,058
Program Service Revenue
$538,877
Investment Income
$53,203
Other Revenue
$0
All Other Contributions
$779,058
Change in Net Assets
$507,628

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,371,138
Revenue Not Reported on Form 990
$30,254
Total Revenue per Audited Statements
$1,401,392
Total Revenue per Form 990
$1,371,138
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$408,593
Grants and Similar Amounts Paid$271,318
Salaries, Compensation, and Employee Benefits$183,599
Total Fundraising Expense$34,146
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$271,318--$271,318
Current Officers, Directors, Trustees, and Key Employees$69,534$9,271$13,907$92,712
Other Salaries and Wages$53,864$7,181$10,773$71,818
All Other Expenses$32,450$13,675$4,614$50,739
Other Expenses$23,303$5,489-$23,303
Occupancy$14,360$1,795$1,795$17,950
Payroll Taxes$9,555$1,273$1,911$12,739
Office Expenses$5,045$5,044-$10,089
Fees for Services Accounting-$7,500-$7,500
Other Employee Benefits$4,748$632$950$6,330
Insurance$2,784$1,856-$4,640
Advertising$4,127--$4,127
Depreciation Depletion$1,565$196$196$1,957
Total Functional Expenses$775,452$53,912$34,146$863,510

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$870,835
Expenses per Audited Statements$863,510
Total Expenses per Form 990$863,510
Expenses Not Reported on Form 990$7,325
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
33-0353928--To Assist Educational Programs$271,318
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
No
Backup withholding compliance
Yes
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
No

Governance Explanations

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

The executive director and the financial committee review the form 990 and present to the full board of directors prior to submission.

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

Conflict of interest policy is signed annually by board members

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

Before hiring the executive director, the board completed a salary survey of comparable organizations and positions to determine the initial salary. The executive director's performance is reviewed annually, and a merit increase (if any) is provided at that time. This inclease is from 0-5%.the board president and the executive committee provide the review and approve the salary.

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

UPON REQUEST

Filing and Contact Details

Filer

EIN
33-0353928
Phone
7148326299

Signing Officer

Name
Margie Sepulveda
Title
President
Signed
2015-02-05
Discuss with paid preparer
Yes

Organization Details

Formed
1989
Legal Domicile
CA
Voting Board Members
20
Independent Board Members
20
Employees
3
Volunteers
700

Preparer

Preparer
Patrick S Guzman CPA
Phone
5624980997
Supplemental Narrative

Additional Explanations

Client Note 1

Client Note 1 - Form 990A Part lll question 3Scholarship applications are submitted and reviewed by a scholarship committee who chooses a recipient based on various criteria. The recipient is then approved by supervisory personnel of the Tustin Public School Foundation that is not on the scholarship committee.

Form 990, Part III, Line 4D: Other Program Services Description

Other program services 4: other program expenses: the foundation provides numerous programs including save our sports, classroom grants, and various scholarship programs.save our sports: state budget cuts caused middle school sports to be cut. The tustin public schools foundation partnered with the tustin unified school district and the community to keep basketball, cross country, soccer, track, and volleyball available to middle school students at all six middle schools.classroom grants: innovative classroom projects and school wide activities were supported through the tustin public schools foundation's grant program. Funding was provided for new books, science equipment, math manipulatives, and technology to better reach students. Other program services 5: summer academy: provides enrichment classes for k-8 students and courses exploring real-world issues using science, technology, engineering, arts, and math.

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • $1M-$5M nonprofits