Civic Intelligence

Scandinavian School in San Francisco

990 • Fiscal year 2017 • EIN 35-2171869

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 30, 2018

20 Woodside AveSan Francisco, CA 94127

(415) 665-3276

Siviq Scores

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

Liabilities / Assets

56th percentile

0.14x

Higher debt load relative to assets than 56% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

49th percentile

0.10x

Higher debt load relative to revenue than 49% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

50th percentile

3.0%

Higher net margin than 50% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

79th percentile

19%

Faster asset growth than 79% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

68th percentile

15%

Faster revenue growth than 68% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$810,665

Up $129,327 (+19%) from 2016

Net Assets

Up

$697,463

Up $35,625 (+5.4%) from 2016

Liabilities

Up

$113,202

Up $93,702 (+481%) from 2016

Revenue

Up

$1,191,392

Up $152,244 (+15%) from 2016

Expenses

Up

$1,155,767

Up $150,609 (+15%) from 2016

Net Income

Up

$35,625

Up $1,635 (+4.8%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2014: $637,553Liabilities 2014: $19,000Net Assets 2014: $618,5532014Assets 2015: $648,848Liabilities 2015: $21,000Net Assets 2015: $627,8482015Assets 2016: $681,338Liabilities 2016: $19,500Net Assets 2016: $661,8382016Assets 2017: $810,665Liabilities 2017: $113,202Net Assets 2017: $697,4632017Assets 2018: $778,158Liabilities 2018: $94,660Net Assets 2018: $683,4982018Assets 2019: $2,453,494Liabilities 2019: $1,212,869Net Assets 2019: $1,240,6252019Assets 2020: $2,562,367Liabilities 2020: $1,333,633Net Assets 2020: $1,228,7342020Assets 2021: $2,621,497Liabilities 2021: $1,280,027Net Assets 2021: $1,341,4702021Assets 2022: $2,543,472Liabilities 2022: $1,077,102Net Assets 2022: $1,466,3702022Assets 2023: $2,467,423Liabilities 2023: $1,036,493Net Assets 2023: $1,430,9302023Assets 2024: $2,567,435Liabilities 2024: $694,635Net Assets 2024: $1,872,8002024Assets 2025: $2,647,143Liabilities 2025: $785,923Net Assets 2025: $1,861,2202025

Highlighted filing

2017

Assets$810,665
Liabilities$113,202
Net Assets$697,463

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $891,382Expenses 2014: $924,656Net Income 2014: -$33,2742014Revenue 2015: $973,321Expenses 2015: $964,026Net Income 2015: $9,2952015Revenue 2016: $1,039,148Expenses 2016: $1,005,158Net Income 2016: $33,9902016Revenue 2017: $1,191,392Expenses 2017: $1,155,767Net Income 2017: $35,6252017Revenue 2018: $1,336,985Expenses 2018: $1,350,950Net Income 2018: -$13,9652018Revenue 2019: $1,935,489Expenses 2019: $1,378,362Net Income 2019: $557,1272019Revenue 2020: $1,477,592Expenses 2020: $1,489,483Net Income 2020: -$11,8912020Revenue 2021: $1,545,697Expenses 2021: $1,432,961Net Income 2021: $112,7362021Revenue 2022: $1,900,773Expenses 2022: $1,938,753Net Income 2022: -$37,9802022Revenue 2023: $1,692,462Expenses 2023: $1,727,902Net Income 2023: -$35,4402023Revenue 2024: $2,087,009Expenses 2024: $1,645,139Net Income 2024: $441,8702024Revenue 2025: $1,983,702Expenses 2025: $1,995,847Net Income 2025: -$12,1452025

Highlighted filing

2017

Revenue$1,191,392
Expenses$1,155,767
Net Income$35,625
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 30, 2018
Return Version
2016v3.0
Gross Receipts
$1,217,222
Mission and Program Overview

Mission

The Scandinavian School in San Francisco provides a place where children and adults can meet to be exposed to Scandinavian languages, traditions and culture. Classes are conducted solely in the Scandinavian languages.The main focus of the school is for the children to play, interact and have fun in the classroom. The School offers fulltime and part time immersion preschool, daycare, and adult classes.

The Scandinavian School in San Francisco provides a place where children and adults can meet to be exposed to Scandinavian languages, traditions and culture. Classes are conducted solely in the Scandinavian languages.The main focus of the school is for the children to play, interact and have fun in the classroom. The School offers full-time and part time immersion preschool and daycare.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$464,181$465,777▲ $1,596
Cash and Non-Interest-Bearing Accounts$135,171$179,187▲ $44,016
Land, Buildings, and Equipment, Net$38,284$118,966▲ $80,682
Accounts Receivable-$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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$681,338$810,665▲ $129,327
Other Assets Total$43,702$46,735▲ $3,033
Liabilities
Other Liabilities-$86,651-
Deferred Revenue$19,500$26,551▲ $7,051
Total Liabilities$19,500$113,202▲ $93,702
Net Assets / Fund Balance
Unrestricted Net Assets$661,838$697,463▲ $35,625
Total Net Assets Fund Balance$661,838$697,463▲ $35,625
Total Liabilities and Net Assets / Fund Balance$681,338$810,665▲ $129,327

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$89,852$22,463$112,315
Leasehold Improvements$29,114$81,752$110,866
Other Assets Org$8,027--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Darius BrooksChairman
Loraine BjorendahlVice President
Erik CooperstromBoard Member
Erik SparksBoard Member
Gerd ThompsenBoard Member
Henrik BennetsenBoard Member
Henrik OwenmarkBoard Member
Kristina BungerBoard Member
Lene Sjorslev SchulzeBoard Member
Sofie DolanBoard Member
Theresa HoughtonBoard Member
Thomas NielsenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$59,311
Program Service Revenue
$1,090,397
Investment Income
$1,597
Other Revenue
$40,087
All Other Contributions
$59,311
Change in Net Assets
$35,625
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$835,480
Other Expenses$320,287
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$664,602$45,712-$710,314
Occupancy$128,392--$128,392
Payroll Taxes$72,265$4,970-$77,235
Other Employee Benefits$44,846$3,085-$47,931
Depreciation Depletion$31,633--$31,633
All Other Expenses$10,688$405-$11,093
Other Expenses$7,123--$7,123
Insurance$6,003--$6,003
Office Expenses$2,798$1,052-$3,850
Fees for Services Accounting-$1,206-$1,206
Interest$966--$966
Total Functional Expenses$1,099,337$56,430$0$1,155,767
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$65,644
Fundraising Direct Expenses$25,326
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Events$62,642$62,642$24,072$38,570
Total Events$62,642$62,642$24,072$38,570
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
Auto Loan Payable$86,650
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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
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

President and cfo review f990 prior to its filing

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

The organization surveys comparable schools when determining salaries

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

The organization surveys comparable schools when determining salaries

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

These documents are available upon request from the school's office.

Filing and Contact Details

Filer

Filer Name
Scandinavian School in San Francisco
EIN
35-2171869
Phone
4156653276
Address
20 WOODSIDE AVE, SAN FRANCISCO, CA 94127

Signing Officer

Name
Thomas Nielsen
Title
Treasurer
Signed
2018-01-30
Discuss with paid preparer
Yes

Organization Details

Formed
2002
Legal Domicile
CA
Voting Board Members
13
Independent Board Members
13
Employees
35

Preparer

Firm
Ledwith Houghton & Co CPAs
Address
643 Bair Island Rd 105, Redwood City, CA 94063
Preparer
John R Houghton CPA
Phone
6503061400
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IRS990/MissionDesc0The Scandinavian School in San Francisco provides a place where children and adults can meet to be exposed to Scandinavian languages, traditions and culture. Classes are conducted solely in the Scandinavian languages.The main focus of the school is for the children to play, interact and have fun in the classroom. The School offers full-time and part time immersion preschool and daycare.
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE FOLLOWING STATEMENT APPEARS ON THE SCHOOL'S WEBSITE:The Scandinavian School in San Francisco admits students of any race, color, national origin, ethnic origin, ethnic group identification, ancestry, sex, sexual orientation, gender, religion, mental disability, physical disability, or medical condition to all the rights, privileges, programs and activities generally accorded or made available to its students.The School shall not discriminate on the basis of race, color, national origin, ethnic origin, ethnic group identification, ancestry, sex, sexual orientation, gender, religion, mental disability, physical disability, or medical condition in: administration of its educational policies, admissions policies, use of facilities or exercise of student privileges, employment of faculty and administrative staff, scholarship or loan programs, and athletic and other school-administered programs. Medical condition herein has the meaning provided in California Government Code Section 12926.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL EVENTS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRESIDENT AND CFO REVIEW F990 PRIOR TO ITS FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION SURVEYS COMPARABLE SCHOOLS WHEN DETERMINING SALARIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION SURVEYS COMPARABLE SCHOOLS WHEN DETERMINING SALARIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THESE DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE SCHOOL'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process

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