Civic Intelligence

Torrance Education Foundation

990 • Fiscal year 2014 • EIN 33-0506936

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 11, 2015

PO Box 139790505

(310) 972-6418

Siviq Scores

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

Liabilities / Assets

77th percentile

0.48x

Higher debt load relative to assets than 77% of similar nonprofits.

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

Liabilities / Revenue

79th percentile

0.59x

Higher debt load relative to revenue than 79% of similar nonprofits.

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

Net Margin

22nd percentile

-8.5%

Higher net margin than 22% of similar nonprofits.

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

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

13th percentile

-9.0%

Faster asset growth than 13% 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

Down

$1,390,944

Down $138,121 (-9.0%) from 2013

Net Assets

Down

$726,026

Down $86,009 (-11%) from 2013

Liabilities

Down

$664,918

Down $52,112 (-7.3%) from 2013

Revenue

$1,118,262

No earlier filing loaded for comparison.

Expenses

Up

$1,213,872

Up $47,699 (+4.1%) from 2013

Net Income

-$95,610

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.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,703,900Liabilities 2011: $843,148Net Assets 2011: $860,7522011Assets 2012: $1,671,414Liabilities 2012: $753,551Net Assets 2012: $917,8632012Assets 2013: $1,529,065Liabilities 2013: $717,030Net Assets 2013: $812,0352013Assets 2014: $1,390,944Liabilities 2014: $664,918Net Assets 2014: $726,0262014Assets 2015: $1,497,110Liabilities 2015: $696,725Net Assets 2015: $800,3852015Assets 2016: $1,485,546Liabilities 2016: $677,526Net Assets 2016: $808,0202016Assets 2017: $1,452,510Liabilities 2017: $725,109Net Assets 2017: $727,4012017Assets 2018: $1,268,247Liabilities 2018: $592,055Net Assets 2018: $676,1922018Assets 2019: $928,822Liabilities 2019: $384,649Net Assets 2019: $544,1732019Assets 2020: $1,014,391Liabilities 2020: $213,466Net Assets 2020: $800,9252020Assets 2021: $1,191,204Liabilities 2021: $161,930Net Assets 2021: $1,029,2742021Assets 2022: $1,509,178Liabilities 2022: $386,159Net Assets 2022: $1,123,0192022Assets 2023: $1,594,093Liabilities 2023: $337,491Net Assets 2023: $1,256,6022023Assets 2024: $1,869,127Liabilities 2024: $203,058Net Assets 2024: $1,666,0692024

Highlighted filing

2014

Assets$1,390,944
Liabilities$664,918
Net Assets$726,026

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $1,565,5892011Expenses 2012: $1,249,5742012Expenses 2013: $1,166,1732013Revenue 2014: $1,118,262Expenses 2014: $1,213,872Net Income 2014: -$95,6102014Revenue 2015: $1,162,406Expenses 2015: $1,086,014Net Income 2015: $76,3922015Revenue 2016: $1,177,732Expenses 2016: $1,174,138Net Income 2016: $3,5942016Revenue 2017: $1,083,421Expenses 2017: $1,169,791Net Income 2017: -$86,3702017Revenue 2018: $1,215,818Expenses 2018: $1,254,584Net Income 2018: -$38,7662018Revenue 2019: $1,182,425Expenses 2019: $1,311,790Net Income 2019: -$129,3652019Revenue 2020: $1,121,508Expenses 2020: $862,603Net Income 2020: $258,9052020Revenue 2021: $933,400Expenses 2021: $707,031Net Income 2021: $226,3692021Revenue 2022: $847,115Expenses 2022: $754,879Net Income 2022: $92,2362022Revenue 2023: $848,755Expenses 2023: $712,862Net Income 2023: $135,8932023Revenue 2024: $1,031,874Expenses 2024: $620,985Net Income 2024: $410,8892024

Highlighted filing

2014

Revenue$1,118,262
Expenses$1,213,872
Net Income-$95,610
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 11, 2015
Return Version
2013v4.0
Gross Receipts
$1,198,259
Mission and Program Overview

Mission

This foundation is set up to provide financial support to the public schools in the torrance unified school district in order to provide a high quality of public education.

This foundation is set up to provide financial support to the public schools in the torrance unified school district.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$931,848$888,186▼ $43,662
Investments in Publicly Traded Securities$227,661$253,261▲ $25,600
Savings and Temporary Cash Investments$363,324$222,204▼ $141,120
Prepaid Expenses and Deferred Charges$3,250$23,974▲ $20,724
Land, Buildings, and Equipment, Net$1,983$1,572▼ $411
Accounts Receivable$564$1,312▲ $748
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$1,529,065$1,390,944▼ $138,121
Other Assets Total$435$435→ $0
Liabilities
Deferred Revenue$680,545$658,130▼ $22,415
Accounts Payable and Accrued Expenses$36,485$6,788▼ $29,697
Total Liabilities$717,030$664,918▼ $52,112
Net Assets / Fund Balance
Unrestricted Net Assets$487,992$414,238▼ $73,754
Temporarily Rstr Net Assets$324,043$311,788▼ $12,255
Total Net Assets Fund Balance$812,035$726,026▼ $86,009
Total Liabilities and Net Assets / Fund Balance$1,529,065$1,390,944▼ $138,121

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,572$3,657$5,229
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dee HardisonPresident
Mary HoffmanPresident Elect
JEANNE O'BRIENSecretary
Lori KohTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$157,150
Program Service Revenue
$782,612
Investment Income
$14,935
Other Revenue
$163,565
All Other Contributions
$123,355
Change in Net Assets
$-95,610
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$460,825
Salaries, Compensation, and Employee Benefits$435,276
Other Expenses$317,771
Total Fundraising Expense$61,075
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$404,416--$404,416
Grants to Domestic Orgs$371,725--$371,725
Occupancy$111,344$6,204-$117,548
Fees for Services Management-$48,153$48,152$96,305
Grants to Domestic Individuals$89,100--$89,100
Payroll Taxes$30,860--$30,860
Insurance$15,740$2,537-$18,277
Advertising$9,797$5,800-$15,597
Office Expenses$9,558$2,913-$12,471
Fees for Services Accounting$3,080$5,540-$8,620
All Other Expenses$5,403$2,882-$8,285
Other Expenses$3,520-$12,923$3,520
Depreciation Depletion$412--$412
Total Functional Expenses$1,078,768$74,029$61,075$1,213,872
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
95-6003151--To Enhance Various Educational Prog$371,725
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$160,497
Gaming Gross Income$83,065
Gaming Direct Expenses$42,955
Fundraising Direct Expenses$37,042
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$160,497$160,497$37,042$123,455
Total Events$160,497$160,497$37,042$123,455
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
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
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
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, Line 11B: Form 990 Review Process

The president or vice president and treasurer reviews the tax return before it is filed with the government tax agencies.

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

Minutes of all board meetings, by-laws, articles of incorporation ,irs determination letter, financial statements and tax returns are on file in the office and available for public viewing on request.

Filing and Contact Details

Filer

EIN
33-0506936
Phone
3109726418

Signing Officer

Name
Dee Hardison
Title
President
Signed
2015-02-11
Discuss with paid preparer
Yes

Organization Details

Formed
1992
Legal Domicile
CA
Voting Board Members
20
Independent Board Members
20
Employees
108

Preparer

Preparer
Gregory G Wilson CPA
Phone
3105409559
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IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0223108
IRS990/PYOtherRevenueAmt0200693
IRS990/PYProgramServiceRevenueAmt0672104
IRS990/PYRevenuesLessExpensesAmt0-104334
IRS990/PYSalariesCompEmpBnftPaidAmt0425029
IRS990/PYTotalExpensesAmt01166173
IRS990/PYTotalRevenueAmt01061839
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-95610
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0782612
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0363324
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0222204
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0157150
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0136946
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt097050
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0338966
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0305286
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01035398
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt014935
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt015201
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt015321
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt013208
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt013107
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt071772
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt04163407
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.93520
IRS990ScheduleA/PublicSupportPY170Pct00.93260
IRS990ScheduleA/PublicSupportTotal170Amt01035398
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0157150
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0136946
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt097050
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0338966
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0305286
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01035398
IRS990ScheduleA/TotalSupportAmt01107170
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt01572
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03657
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05229
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01572
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/CharitableDistributionRqrInd0false
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt037042
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0160497
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0160497
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0160497
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0160497
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0ANNUAL FUNDRAISING DINNER /EVENTS
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0123455
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt037042
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt037042
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt042955
IRS990ScheduleG/GamingInformationGrp/GrossRevenueOtherGamingAmt083065
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt083065
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt040110
IRS990ScheduleG/GamingInformationGrp/NonCashPrizesOtherGamingAmt039597
IRS990ScheduleG/GamingInformationGrp/NonCashPrizesTotalGamingAmt039597
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssOtherGamingAmt03358
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssTotalGamingAmt03358
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborBingoInd0false
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingInd0true
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingPct01.00000
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborPullTabsInd0false
IRS990ScheduleG/GamingOtherFacilityPct01.00000
IRS990ScheduleG/GamingWithNonmembersInd0false
IRS990ScheduleG/LicensedInd0true
IRS990ScheduleG/LicenseSuspendedEtcInd0false
IRS990ScheduleG/MemberOfOtherEntityInd0false
IRS990ScheduleG/StatesWhereGamingConductedCd0CA
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt089100
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS TO VARIOUS RECIPIENTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt040
IRS990ScheduleI/RecipientTable/CashGrantAmt0371725
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO ENHANCE VARIOUS EDUCATIONAL PROG
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10TUSD
IRS990ScheduleI/RecipientTable/RecipientEIN0956003151
IRS990ScheduleI/RecipientTable/USAddress/AddressLine102200 W CARSON ST
IRS990ScheduleI/RecipientTable/USAddress/City0TORRANCE
IRS990ScheduleI/RecipientTable/USAddress/State0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode090501
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT OR VICE PRESIDENT AND TREASURER REVIEWS THE TAX RETURN BEFORE IT IS FILED WITH THE GOVERNMENT TAX AGENCIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MINUTES OF ALL BOARD MEETINGS, BY-LAWS, ARTICLES OF INCORPORATION ,IRS DETERMINATION LETTER, FINANCIAL STATEMENTS AND TAX RETURNS ARE ON FILE IN THE OFFICE AND AVAILABLE FOR PUBLIC VIEWING ON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0324043
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0311788
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01529065
IRS990/TotalAssetsEOYAmt01390944

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.87$0.20$1.67$1.03$0.62$0.41
2023Detailed filing. Detailed filing data is available for this year.$1.59$0.34$1.26$0.85$0.71$0.14
2022Detailed filing. Detailed filing data is available for this year.$1.51$0.39$1.12$0.85$0.75$0.09
2021Detailed filing. Detailed filing data is available for this year.$1.19$0.16$1.03$0.93$0.71$0.23
2020Detailed filing. Detailed filing data is available for this year.$1.01$0.21$0.80$1.12$0.86$0.26
2019Detailed filing. Detailed filing data is available for this year.$0.93$0.38$0.54$1.18$1.31$0.13
2018Detailed filing. Detailed filing data is available for this year.$1.27$0.59$0.68$1.22$1.25$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.45$0.73$0.73$1.08$1.17$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.49$0.68$0.81$1.18$1.17$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.50$0.70$0.80$1.16$1.09$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.39$0.66$0.73$1.12$1.21$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$0.72$0.81$1.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$0.75$0.92$1.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$0.84$0.86$1.57