Civic Intelligence

Watts Learning Center Foundation Inc.

990 • Fiscal year 2014 • EIN 33-0768316

Jul 01, 2013 to Jun 30, 2014 • Filed on May 12, 2015

Organization ProfileWWW.WATTSLEARNINGCENTER.ORG
310 W 95th Street90003

(323) 754-9900

Siviq Scores

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

Liabilities / Assets

45th percentile

0.15x

Higher debt load relative to assets than 45% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

33rd percentile

0.09x

Higher debt load relative to revenue than 33% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

73rd percentile

14%

Higher net margin than 73% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

52nd percentile

$120,853

Higher top officer pay than 52% of similar nonprofits.

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

89th percentile

31%

Faster asset growth than 89% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M 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

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$4,374,518

Up $1,028,343 (+31%) from 2013

Net Assets

Up

$3,720,951

Up $953,569 (+34%) from 2013

Liabilities

Up

$653,567

Up $74,774 (+13%) from 2013

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin73rd percentile

Revenue

$6,921,134

No earlier filing loaded for comparison.

Expenses

Up

$5,967,565

Up $407,782 (+7.3%) from 2013

Net Income

$953,569

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$30M$20M$10M$0Assets 2012: $2,013,274Liabilities 2012: $650,472Net Assets 2012: $1,362,8022012Assets 2013: $3,346,175Liabilities 2013: $578,793Net Assets 2013: $2,767,3822013Assets 2014: $4,374,518Liabilities 2014: $653,567Net Assets 2014: $3,720,9512014Assets 2015: $5,476,241Liabilities 2015: $782,425Net Assets 2015: $4,693,8162015Assets 2016: $7,008,881Liabilities 2016: $326,378Net Assets 2016: $6,682,5032016Assets 2017: $7,921,347Liabilities 2017: $187,620Net Assets 2017: $7,733,7272017Assets 2018: $9,247,679Liabilities 2018: $650,034Net Assets 2018: $8,597,6452018Assets 2019: $9,631,134Liabilities 2019: $262,071Net Assets 2019: $9,369,0632019Assets 2020: $11,225,256Liabilities 2020: $558,798Net Assets 2020: $10,666,4582020Assets 2021: $12,816,305Liabilities 2021: $1,464,009Net Assets 2021: $11,352,2962021Assets 2022: $15,348,896Liabilities 2022: $2,541,407Net Assets 2022: $12,807,4892022Assets 2023: $21,102,853Liabilities 2023: $7,130,347Net Assets 2023: $13,972,5062023Assets 2024: $21,813,716Liabilities 2024: $6,592,932Net Assets 2024: $15,220,7842024Assets 2025: $19,738,000Liabilities 2025: $4,446,082Net Assets 2025: $15,291,9182025

Highlighted filing

2014

Assets$4,374,518
Liabilities$653,567
Net Assets$3,720,951
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$20M$15M$10M$5.0M$0Expenses 2012: $4,774,2462012Expenses 2013: $5,559,7832013Revenue 2014: $6,921,134Expenses 2014: $5,967,565Net Income 2014: $953,5692014Revenue 2015: $7,435,555Expenses 2015: $6,462,690Net Income 2015: $972,8652015Revenue 2016: $8,905,523Expenses 2016: $6,916,836Net Income 2016: $1,988,6872016Revenue 2017: $9,704,984Expenses 2017: $8,653,760Net Income 2017: $1,051,2242017Revenue 2018: $9,985,593Expenses 2018: $9,121,675Net Income 2018: $863,9182018Revenue 2019: $11,232,582Expenses 2019: $10,461,164Net Income 2019: $771,4182019Revenue 2020: $10,740,138Expenses 2020: $9,442,743Net Income 2020: $1,297,3952020Revenue 2021: $11,641,464Expenses 2021: $10,955,626Net Income 2021: $685,8382021Revenue 2022: $13,454,698Expenses 2022: $11,999,505Net Income 2022: $1,455,1932022Revenue 2023: $14,055,682Expenses 2023: $12,890,665Net Income 2023: $1,165,0172023Revenue 2024: $15,973,975Expenses 2024: $14,725,697Net Income 2024: $1,248,2782024Revenue 2025: $15,965,288Expenses 2025: $15,894,154Net Income 2025: $71,1342025

Highlighted filing

2014

Revenue$6,921,134
Expenses$5,967,565
Net Income$953,569
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 12, 2015
Return Version
2013v4.0
Gross Receipts
$6,921,134
Mission and Program Overview

Mission

The watts learning center will build on the success of head start and other pre-school programs by creating a culture of learning in which all stakeholders - students, parents or guardians, faculty and staff have clearly defined roles and expectations.

The watts learning center operates as independent k-8 public charter schools in the inner city of los angeles. Our goal is to provide a world-class education and to achieve optimum learning among our students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$954,808$2,833,227▲ $1,878,419
Accounts Receivable$2,148,448$1,443,764▼ $704,684
Land, Buildings, and Equipment, Net$58,270$81,134▲ $22,864
Prepaid Expenses and Deferred Charges$30,637$16,393▼ $14,244
Total Assets$3,346,175$4,374,518▲ $1,028,343
Other Assets Total$154,012$0▼ $154,012
Liabilities
Accounts Payable and Accrued Expenses$320,781$585,441▲ $264,660
Other Liabilities$154,012$0▼ $154,012
Deferred Revenue$54,000$68,126▲ $14,126
Mortgage Notes Payable Secured by Investment Property$50,000--
Total Liabilities$578,793$653,567▲ $74,774
Net Assets / Fund Balance
Unrestricted Net Assets$2,625,114$3,600,998▲ $975,884
Temporarily Rstr Net Assets$142,268$119,953▼ $22,315
Total Net Assets Fund Balance$2,767,382$3,720,951▲ $953,569
Total Liabilities and Net Assets / Fund Balance$3,346,175$4,374,518▲ $1,028,343

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$81,134$158,508$239,642
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gayle WindomPrincipalFT$111,643$9,210$120,853
Kelly BaptistePrincipalFT$44,035$3,632$47,667

Board Members and Trustees

NameTitle
Eugene FisherPresident
Sandra Porter FisherExecutive Director
Darell Schregardus PhdMember
David MoraMember
Dr Owen KnoxMember
Justin SandersMember
Linda BaldwinMember
Rao YalamanchiliMember
Tyrone HowardMember
Revenue and Support

Revenue Composition

Contributions and Grants
$6,921,134
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$120,787
Change in Net Assets
$953,569

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,921,134
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,921,134
Total Revenue per Form 990
$6,921,134
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,186,454
Other Expenses$2,781,111
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,915,408$360,609-$2,276,017
Fees for Services Other$478,377$141,267-$619,644
Occupancy-$515,281-$515,281
Other Employee Benefits$402,202--$402,202
All Other Expenses$94,959$289,710-$384,669
Payroll Taxes$352,557--$352,557
Fees for Services Accounting-$203,360-$203,360
Current Officers, Directors, Trustees, and Key Employees$155,678--$155,678
Other Expenses$104,961--$104,961
Office Expenses-$36,725-$36,725
Depreciation Depletion$20,157--$20,157
Insurance-$20,157-$20,157
Travel-$12,773-$12,773
Advertising-$410-$410
Interest-$243-$243
Total Functional Expenses$4,387,030$1,580,535$0$5,967,565

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,967,565
Total Expenses per Audited Statements$5,967,565
Total Expenses per Form 990$5,967,565
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Eugene fisher, board member and sandra fisher, executive director are married”

Form 990, Part VI, Section B, Line 11

“The form 990 will be given to the board members for review and approval”

Form 990, Part VI, Section B, Line 12C

“All members must disclose annually any conflicts of interest, which are monitored by the executive director and the board. If a conflict arises the board member is asked to excuse himself or herself from all discussions and voting on the issue.”

Form 990, Part VI, Section B, Line 15

“Board committee reviewed comparable non-profit education salaries before determining executive director and principal's salaries”

Form 990, Part VI, Section C, Line 18

“All tax returns are available upon request at the organization's location”

Form 990, Part VI, Section C, Line 19

“All governing documents, policies, and financial statements are available upon request at the organization's location during normal business hours.”

Filing and Contact Details

Filer

EIN
33-0768316
Phone
3237549900

Signing Officer

Name
Eugene L Fisher
Title
President
Phone
3237549900
Signed
2015-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eugene L Fisher
Formed
1997
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
94
Volunteers
0

Preparer

Preparer
Matthew S Miller
Phone
9094664410
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consultants: program service expenses 478,377. Management and general expenses 141,267. Fundraising expenses 0. Total expenses 619,644.”

Financial Statement Notes

PART X, LINE 2:

“The corporation and the llc have adopted financial accounting standards board (fasb) accounting standards codification (asc) topic 740, that clarifies the accounting for uncertainty in tax positions taken or expected to be taken on a tax return and provides that the tax effects from uncertain tax position can be recognized in the financial statements only if, based on its merits, the position is more likely than not to be sustained on audit by the taxing authorities. Management believes that all tax positions taken to date are highly certain, and, accordingly, no accounting adjustment has been made to the financial statements.”

Raw XML AppendixShowing 400 of 465 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0320781
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0585441
IRS990/AccountsReceivableGrp/BOYAmt02148448
IRS990/AccountsReceivableGrp/EOYAmt01443764
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE WATTS LEARNING CENTER OPERATES AS INDEPENDENT K-8 PUBLIC CHARTER SCHOOLS IN THE INNER CITY OF LOS ANGELES. OUR GOAL IS TO PROVIDE A WORLD-CLASS EDUCATION AND TO ACHIEVE OPTIMUM LEARNING AMONG OUR STUDENTS.
IRS990/AddressChangeInd0X
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0410
IRS990/AdvertisingGrp/TotalAmt0410
IRS990/AllOtherContributionsAmt0120787
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0289710
IRS990/AllOtherExpensesGrp/ProgramServicesAmt094959
IRS990/AllOtherExpensesGrp/TotalAmt0384669
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine10WATTS LEARNING CENTER INC
IRS990/BooksInCareOfDetail/PhoneNum03237549900
IRS990/BooksInCareOfDetail/USAddress/AddressLine10310 W 95TH ST
IRS990/BooksInCareOfDetail/USAddress/City0LOS ANGELES
IRS990/BooksInCareOfDetail/USAddress/State0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCode090003
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0155678
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0155678
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt06921134
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt02781111
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0953569
IRS990/CYSalariesCompEmpBnftPaidAmt03186454
IRS990/CYTotalExpensesAmt05967565
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt06921134
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt054000
IRS990/DeferredRevenueGrp/EOYAmt068126
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt020157
IRS990/DepreciationDepletionGrp/TotalAmt020157
IRS990/Desc0THE FOUNDATION PROVIDED OVERSIGHT OF THE ACADEMIC,FINANCIAL, HUMAN RESOURCE, MARKETING, PARENT RELATIONS, COMMUNITY RELATIONS, AND FACILITIES OF THE WATTS LEARNING CENTER (A CHARTER SCHOOL OF THE LOS ANGELES UNIFIED SCHOOL DISTRICT). THE FOUNDATION ALSO ASSISTED IN OBTAINING TEMPORARY ADVANCES, LOANS AND GRANTS FROM OTHERS WHICH WERE USED IN THE DEVELOPMENT AND DIRECT SUPPORT OF THE OPERATIONS OF THE SCHOOL. THESE RESOURCES AND ASSISTANCE ALLOWED THE SCHOOL TO OFFER INSTRUCTION FOR KINDERGARTEN AND ELEMENTARY STUDENTS DURING THE SCHOOL YEAR.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt094
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt04387030
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0203360
IRS990/FeesForServicesAccountingGrp/TotalAmt0203360
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0141267
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0478377
IRS990/FeesForServicesOtherGrp/TotalAmt0619644
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt93632
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt109210
IRS990/Form990PartVIISectionAGrp/PersonNm0EUGENE FISHER
IRS990/Form990PartVIISectionAGrp/PersonNm1DR OWEN KNOX
IRS990/Form990PartVIISectionAGrp/PersonNm2JUSTIN SANDERS
IRS990/Form990PartVIISectionAGrp/PersonNm3DAVID MORA
IRS990/Form990PartVIISectionAGrp/PersonNm4DARELL SCHREGARDUS PHD
IRS990/Form990PartVIISectionAGrp/PersonNm5TYRONE HOWARD
IRS990/Form990PartVIISectionAGrp/PersonNm6LINDA BALDWIN
IRS990/Form990PartVIISectionAGrp/PersonNm7RAO YALAMANCHILI
IRS990/Form990PartVIISectionAGrp/PersonNm8SANDRA PORTER FISHER
IRS990/Form990PartVIISectionAGrp/PersonNm9KELLY BAPTISTE
IRS990/Form990PartVIISectionAGrp/PersonNm10GAYLE WINDOM
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt944035
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10111643
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8EXECUTIVE DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRINCIPAL
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt06800347
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt06921134
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt020157
IRS990/InsuranceGrp/TotalAmt020157
IRS990/InterestGrp/ManagementAndGeneralAmt0243
IRS990/InterestGrp/TotalAmt0243
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt032
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0158508
IRS990/LandBldgEquipBasisNetGrp/BOYAmt058270
IRS990/LandBldgEquipBasisNetGrp/EOYAmt081134
IRS990/LandBldgEquipCostOrOtherBssAmt0239642
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE WATTS LEARNING CENTER WILL BUILD ON THE SUCCESS OF HEAD START AND OTHER PRE-SCHOOL PROGRAMS BY CREATING A CULTURE OF LEARNING IN WHICH ALL STAKEHOLDERS - STUDENTS, PARENTS OR GUARDIANS, FACULTY AND STAFF - HAVE CLEARLY DEFINED ROLES AND EXPECTATIONS
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt050000
IRS990/NetAssetsOrFundBalancesBOYAmt02767382
IRS990/NetAssetsOrFundBalancesEOYAmt03720951
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0515281
IRS990/OccupancyGrp/TotalAmt0515281
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt036725
IRS990/OfficeExpensesGrp/TotalAmt036725
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0154012
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0402202
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0402202
IRS990/OtherExpensesGrp/Desc0STUDENT NUTRITION
IRS990/OtherExpensesGrp/Desc1TEXTBOOKS AND INSTRUCTI
IRS990/OtherExpensesGrp/Desc2SPECIAL EDUCATION FEE
IRS990/OtherExpensesGrp/Desc3EQUIPMENT
IRS990/OtherExpensesGrp/ProgramServicesAmt0501952
IRS990/OtherExpensesGrp/ProgramServicesAmt1212494
IRS990/OtherExpensesGrp/ProgramServicesAmt2148285
IRS990/OtherExpensesGrp/ProgramServicesAmt3104961
IRS990/OtherExpensesGrp/TotalAmt0501952
IRS990/OtherExpensesGrp/TotalAmt1212494
IRS990/OtherExpensesGrp/TotalAmt2148285
IRS990/OtherExpensesGrp/TotalAmt3104961
IRS990/OtherLiabilitiesGrp/BOYAmt0154012
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0360609
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01915408
IRS990/OtherSalariesAndWagesGrp/TotalAmt02276017
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0352557
IRS990/PayrollTaxesGrp/TotalAmt0352557
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt030637
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016393
IRS990/PrincipalOfficerNm0EUGENE L FISHER
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06964363
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02552890
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01404580
IRS990/PYSalariesCompEmpBnftPaidAmt03006893
IRS990/PYTotalExpensesAmt05559783
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06964363
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0953569
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0954808
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02833227
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt06921134
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt06964363
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt05133981
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt05001002
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt04099468
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt028119948
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt052183
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0333499
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0385682
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt047817
IRS990ScheduleA/PublicSupportCY170Pct00.98650
IRS990ScheduleA/PublicSupportTotal170Amt028119948
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt06921134
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt06964363
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt05133981
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt05001002
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt04099468
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt028119948
IRS990ScheduleA/TotalSupportAmt028505630
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05967565
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt081134
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0158508
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0239642
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06921134
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION AND THE LLC HAVE ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740, THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN AND PROVIDES THAT THE TAX EFFECTS FROM UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF, BASED ON ITS MERITS, THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT BY THE TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT ALL TAX POSITIONS TAKEN TO DATE ARE HIGHLY CERTAIN, AND, ACCORDINGLY, NO ACCOUNTING ADJUSTMENT HAS BEEN MADE TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt081134
IRS990ScheduleD/TotalExpensesPerForm990Amt05967565
IRS990ScheduleD/TotalRevenuePerForm990Amt06921134
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06921134
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05967565
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ENROLLMENT PACKAGES
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1CALIFORNIA PUBLIC CHARTER SCHOOL NO FINANCIAL ASSISTANCE AWARDED.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2CALIFORNIA STATE APPORTIONMENT REVENUE BASED ON STUDENT ATTENDANCE
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EUGENE FISHER, BOARD MEMBER AND SANDRA FISHER, EXECUTIVE DIRECTOR ARE MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WILL BE GIVEN TO THE BOARD MEMBERS FOR REVIEW AND APPROVAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL MEMBERS MUST DISCLOSE ANNUALLY ANY CONFLICTS OF INTEREST, WHICH ARE MONITORED BY THE EXECUTIVE DIRECTOR AND THE BOARD. IF A CONFLICT ARISES THE BOARD MEMBER IS ASKED TO EXCUSE HIMSELF OR HERSELF FROM ALL DISCUSSIONS AND VOTING ON THE ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD COMMITTEE REVIEWED COMPARABLE NON-PROFIT EDUCATION SALARIES BEFORE DETERMINING EXECUTIVE DIRECTOR AND PRINCIPAL'S SALARIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL TAX RETURNS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S LOCATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S LOCATION DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONSULTANTS: PROGRAM SERVICE EXPENSES 478,377. MANAGEMENT AND GENERAL EXPENSES 141,267. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 619,644.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine10WATTS LEARNING CENTER INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10310 WEST 95TH STREET LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0BUILDING LEASE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10310 WEST 95TH STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0LOS ANGELES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode090003
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0347299
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL AMOUNT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine10310 WEST 95TH STREET LLC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0K
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0142268
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0119953
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03346175
IRS990/TotalAssetsEOYAmt04374518
IRS990/TotalAssetsGrp/BOYAmt03346175
IRS990/TotalAssetsGrp/EOYAmt04374518
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt06921134
IRS990/TotalEmployeeCnt094

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,374,518
Liabilities
$653,567
Net assets
$3,720,951
Revenue
$6,921,134
Expenses
$5,967,565
Net income
$953,569
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$19.7$4.45$15.3$16.0$15.9$0.07
2024Detailed filing. Detailed filing data is available for this year.$21.8$6.59$15.2$16.0$14.7$1.25
2023Detailed filing. Detailed filing data is available for this year.$21.1$7.13$14.0$14.1$12.9$1.17
2022Detailed filing. Detailed filing data is available for this year.$15.3$2.54$12.8$13.5$12.0$1.46
2021Detailed filing. Detailed filing data is available for this year.$12.8$1.46$11.4$11.6$11.0$0.69
2020Detailed filing. Detailed filing data is available for this year.$11.2$0.56$10.7$10.7$9.44$1.30
2019Detailed filing. Detailed filing data is available for this year.$9.63$0.26$9.37$11.2$10.5$0.77
2018Detailed filing. Detailed filing data is available for this year.$9.25$0.65$8.60$9.99$9.12$0.86
2017Detailed filing. Detailed filing data is available for this year.$7.92$0.19$7.73$9.70$8.65$1.05
2016Detailed filing. Detailed filing data is available for this year.$7.01$0.33$6.68$8.91$6.92$1.99
2015Detailed filing. Detailed filing data is available for this year.$5.48$0.78$4.69$7.44$6.46$0.97
2014Detailed filing. Detailed filing data is available for this year.$4.37$0.65$3.72$6.92$5.97$0.95
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.35$0.58$2.77$5.56
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.01$0.65$1.36$4.77