Civic Intelligence

Long Beach Blast - Better Learning for All Students Today

990 • Fiscal year 2021 • EIN 33-0967215

Sep 01, 2020 to Aug 31, 2021 • Filed on Jun 20, 2022

4201 Long Beach Blvd 201Long Beach, CA 90807

(562) 437-7766

Siviq Scores

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

Liabilities / Assets

50th percentile

0.03x

Higher debt load relative to assets than 50% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

47th percentile

0.02x

Higher debt load relative to revenue than 47% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

69th percentile

26%

Higher net margin than 69% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

74th percentile

30%

Faster asset growth than 74% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

83rd percentile

80%

Faster revenue growth than 83% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$612,846

Up $142,416 (+30%) from 2020

Net Assets

Up

$597,187

Up $192,247 (+47%) from 2020

Liabilities

Down

$15,659

Down $49,831 (-76%) from 2020

Revenue

Up

$751,769

Up $334,126 (+80%) from 2020

Expenses

Up

$559,522

Up $72,352 (+15%) from 2020

Net Income

Up

$192,247

Up $261,774 (+377%) from 2020

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2017: $348,011Liabilities 2017: $5,047Net Assets 2017: $342,9642017Assets 2018: $444,243Liabilities 2018: $6,347Net Assets 2018: $437,8962018Assets 2019: $478,016Liabilities 2019: $3,549Net Assets 2019: $474,4672019Assets 2020: $470,430Liabilities 2020: $65,490Net Assets 2020: $404,9402020Assets 2021: $612,846Liabilities 2021: $15,659Net Assets 2021: $597,1872021Assets 2022: $614,072Liabilities 2022: $13,390Net Assets 2022: $600,6822022Assets 2023: $571,933Liabilities 2023: $15,769Net Assets 2023: $556,1642023Assets 2024: $640,440Liabilities 2024: $81,193Net Assets 2024: $559,2472024

Highlighted filing

2021

Assets$612,846
Liabilities$15,659
Net Assets$597,187

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2017: $433,808Expenses 2017: $481,644Net Income 2017: -$47,8362017Revenue 2018: $496,043Expenses 2018: $401,111Net Income 2018: $94,9322018Revenue 2019: $475,188Expenses 2019: $438,617Net Income 2019: $36,5712019Revenue 2020: $417,643Expenses 2020: $487,170Net Income 2020: -$69,5272020Revenue 2021: $751,769Expenses 2021: $559,522Net Income 2021: $192,2472021Revenue 2022: $536,446Expenses 2022: $532,951Net Income 2022: $3,4952022Revenue 2023: $670,043Expenses 2023: $715,173Net Income 2023: -$45,1302023Revenue 2024: $822,318Expenses 2024: $789,701Net Income 2024: $32,6172024

Highlighted filing

2021

Revenue$751,769
Expenses$559,522
Net Income$192,247
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Jun 20, 2022
Return Version
2020v4.0
Gross Receipts
$754,617
Mission and Program Overview

Mission

To improve success for at-risk students through collaboration and innovative approaches to mentoring and learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$237,134$322,018▲ $84,884
Savings and Temporary Cash Investments$205,402$269,788▲ $64,386
Pledges and Grants Receivable$10,000$13,985▲ $3,985
Prepaid Expenses and Deferred Charges$15,566$6,011▼ $9,555
Land, Buildings, and Equipment, Net$2,328$1,044▼ $1,284
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$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$470,430$612,846▲ $142,416
Other Assets Total-$0-
Liabilities
Other Liabilities$55,937--
Accounts Payable and Accrued Expenses$9,553$15,659▲ $6,106
Total Liabilities$65,490$15,659▼ $49,831
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$329,940$453,987▲ $124,047
Net Assets With Donor Restrictions$75,000$143,200▲ $68,200
Total Net Assets Fund Balance$404,940$597,187▲ $192,247
Total Liabilities and Net Assets / Fund Balance$470,430$612,846▲ $142,416

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,044$25,437$26,481
Other Land Buildings-$474$474
Compensation and Service Providers

Board Members and Trustees

NameTitle
Marquita Grenot-scheyerPresident
David KochVice President
Bobbi VillalobosBoard Member
Catherine WalshBoard Member
Chief Robert LunaBoard Member
Claudia Sosa-valderramaBoard Member
John FielderBoard Member
Kate HandyBoard Member
O Lee DouglasBoard Member
Paul SavoieDirector
Kristin PowersSecretary
Jessica L KoberTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$748,075
Program Service Revenue
$0
Investment Income
$694
Other Revenue
$3,000
All Other Contributions
$572,672
Change in Net Assets
$192,247

Audited Revenue Reconciliation

Revenue per Audited Statements
$751,769
Total Revenue per Audited Statements
$751,769
Total Revenue per Form 990
$751,769
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$423,547
Other Expenses$135,975
Total Fundraising Expense$44,021
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$317,192$27,984$21,587$366,763
Fees for Services Other$16,295$7,848$7,847$31,990
Payroll Taxes$28,055$1,221$1,694$30,970
Occupancy$24,976$3,486$2,229$30,691
Other Employee Benefits$24,267$693$854$25,814
Insurance$6,905$2,743$3,452$13,100
All Other Expenses$8,495$1,807$1,448$11,750
Other Expenses$6,927$842$883$8,652
Office Expenses$5,356$419$489$6,264
Depreciation Depletion$1,092$128$64$1,284
Travel$85$-15-$70
Total Functional Expenses$472,746$42,755$44,021$559,522

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$559,522
Total Expenses per Audited Statements$559,522
Total Expenses per Form 990$559,522
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$2,848
Fundraising Gross Income$2,848
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Breakfast Blast$10,710$2,371$2,371$0
Jean Egan Legacy$11,550$477$477$0
Total Events$22,260$2,848$2,848-
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
Yes
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
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 8: Explanation of No Contemporaneously Documentation of Meetings

Minutes were taken at the board of directors meetings.

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

The board treasurer reviews the 990 and presents the 990 to the entire board for approval prior to filing the return.

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

Board members are asked to review and sign a conflict of interest policy form annually.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The organizaton uses the center for non-profit benefit and salary's survey, produced annually, to help it determine and approve the compensation for the organization's executive director.

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

The organization uses a salary range, as voted on by the board of directors, to determine the compensation of employees.

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

The form 990, governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Long Beach Blast
EIN
33-0967215
Phone
5624377766
Address
4201 LONG BEACH BLVD 201, LONG BEACH, CA 90807

Signing Officer

Name
Jenny Bebernes
Title
Interim Exec Director
Signed
2022-06-20
Discuss with paid preparer
Yes

Organization Details

Formed
2001
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
12
Employees
12
Volunteers
291

Preparer

Firm
Guzman & Gray Certified Public Accountants
Address
4510 E Pacific Coast Highway Suite, Long Beach, CA 90804
Preparer
Patrick S Guzman CPA
Phone
5624980997
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Organization evaluates uncertain tax positions whereby the effect of the uncertainty would be recorded if the tax positions will more likely than not be sustained upon examination. At August 31, 2021, management does not believe the Organization has any uncertain tax positions requiring accrual or disclosure. The Organization is subject to potential income tax audits on open tax years by any taxing jurisdiction in which it operates. The statute of limitations for federal and California state purposes is generally three and four years, respectively.

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IRS990/ProgSrvcAccomActy2Grp/Desc0THE BRIDGE TO SUCCESS PROGRAM UTILIZES A CURRICULUM THAT IS BASED ON THE LEARNING NEEDS FOR HIGH SCHOOL STUDENTS WHO HAVE NOT BEEN SUCCESSFUL IN A TRADITIONAL CLASSROOM SETTING, ARE CREDIT DEFICIENT, AND ARE AT-RISK FOR DROPPING OUT. THE PROGRAM FOCUSES ON STUDENTS' LEARNING IN ACADEMIC SUBJECTS, FINANCIAL LITERACY, SOCIAL SKILL BUILDING, COLLEGE AND CAREER PREPARATION, AND GOAL SETTING.
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