Civic Intelligence

Sloca Thrift Store LLC DBA Fred and Betty'S

990 • Fiscal year 2016 • EIN 35-2485956

Jul 01, 2015 to Jun 30, 2016 • Filed on May 11, 2017

Organization ProfileWWW.SLOCLASSICALACADEMY.COM
PO Box 3601San Luis Obispo, CA 93403

(805) 548-8700

Siviq Scores

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

Liabilities / Assets

79th percentile

0.12x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

69th percentile

0.02x

Higher debt load relative to revenue than 69% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

75th percentile

18%

Higher net margin than 75% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

96th percentile

$66,583

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 20.9% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

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

Source year 2016

Revenue Growth

Score unavailable

No value available

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

Source year 2016

Balance Sheet
Liabilities / Assets79th percentile

Assets

$54,220

No earlier filing loaded for comparison.

Net Assets

$47,633

No earlier filing loaded for comparison.

Liabilities

$6,587

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin75th percentile

Revenue

$318,861

No earlier filing loaded for comparison.

Expenses

$259,925

No earlier filing loaded for comparison.

Net Income

$58,936

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$80K$60K$40K$20K$0-$20KAssets 2016: $54,220Liabilities 2016: $6,587Net Assets 2016: $47,6332016Assets 2018: $49,481Liabilities 2018: $8,255Net Assets 2018: $41,2262018Assets 2019: $25,908Liabilities 2019: $7,497Net Assets 2019: $18,4112019Assets 2020: $3,068Liabilities 2020: $5,257Net Assets 2020: -$2,1892020Assets 2021: $9,660Liabilities 2021: $12,473Net Assets 2021: -$2,8132021Assets 2022: $2,344Liabilities 2022: $3,886Net Assets 2022: -$1,5422022Assets 2023: $63,664Liabilities 2023: $4,273Net Assets 2023: $59,3912023Assets 2024: $61,265Liabilities 2024: $1,855Net Assets 2024: $59,4102024

Highlighted filing

2016

Assets$54,220
Liabilities$6,587
Net Assets$47,633
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$600K$400K$200K$0-$200KRevenue 2016: $318,861Expenses 2016: $259,925Net Income 2016: $58,9362016Revenue 2018: $393,946Expenses 2018: $400,353Net Income 2018: -$6,4072018Revenue 2019: $367,575Expenses 2019: $390,390Net Income 2019: -$22,8152019Revenue 2020: $244,056Expenses 2020: $264,656Net Income 2020: -$20,6002020Revenue 2021: $237,359Expenses 2021: $237,983Net Income 2021: -$6242021Revenue 2022: $376,394Expenses 2022: $375,123Net Income 2022: $1,2712022Revenue 2023: $446,816Expenses 2023: $385,883Net Income 2023: $60,9332023Revenue 2024: $387,316Expenses 2024: $387,297Net Income 2024: $192024

Highlighted filing

2016

Revenue$318,861
Expenses$259,925
Net Income$58,936
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 11, 2017
Return Version
2015v3.0
Gross Receipts
$324,035
Mission and Program Overview

Mission

To support the san luis obispo classical academy.

A supporting organization of the san luis obispo classical academy, an exempt organization unter r&tc section 23701d.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$30,654$54,220▲ $23,566
Total Assets$30,654$54,220▲ $23,566
Liabilities
Other Liabilities$37,123$0▼ $37,123
Accounts Payable and Accrued Expenses$4,834$6,587▲ $1,753
Total Liabilities$41,957$6,587▼ $35,370
Net Assets / Fund Balance
Unrestricted Net Assets$-11,303$47,633▲ $58,936
Total Net Assets Fund Balance$-11,303$47,633▲ $58,936
Total Liabilities and Net Assets / Fund Balance$30,654$54,220▲ $23,566
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleOtherTotal
Susan TheulePresident$66,583$66,583
Michelle LeaTreasurer$37,856$37,856

Board Members and Trustees

NameTitle
Charles SmithDirector
Jim TalleyDirector
Ken MooreDirector
Robert CampbellDirector
Tim RondaDirector
Rebecca BaerDirector/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$5,441
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$313,420
All Other Contributions
$5,441
Change in Net Assets
$58,936
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$259,925
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$177,748--$177,748
Occupancy$73,014--$73,014
Other Expenses$4,453--$4,453
Office Expenses$2,263--$2,263
Fees for Services Accounting$2,000--$2,000
Advertising$447--$447
Total Functional Expenses$259,925$0$0$259,925
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
No
Other officer compensation reviewed
No
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 B, Line 11

“The 990 is reviewed and approved by the president prior to submission.”

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

“Sloca thrift store, llc has a governance committee and the executive committee that deal with possible conflict situations, depending on the issue.”

Form 990, Part VI, Section C, Line 19

“Sloca thrift store, llc dba fred and betty's makes its governing documents and financial statements available by request.”

Filing and Contact Details

Filer

Filer Name
Sloca Thrift Store LLC
EIN
35-2485956
Phone
8055488700
Address
PO BOX 3601, SAN LUIS OBISPO, CA 93403

Signing Officer

Name
Susan Theule
Title
President
Phone
8055488700
Signed
2017-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Theule
Formed
2013
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
25

Preparer

Firm
Glenn Burdette
Address
1150 PALM STREET, SAN LUIS OBISPO, CA 93401
Preparer
Sherri Y Parkinson CPA
Phone
8055441441
Supplemental Narrative

Additional Explanations

FORM 990, PART V, LINE 2A-2B:

“All sloca thrift store, llc labor was contracted through san luis obispo classical academy. The san luis obispo classical academy filed all required federal employment tax returns.”

Financial Statement Notes

PART X, LINE 2:

“Income taxes topic of fasb accounting standards codification requires, among other things, the recognition and measurement of tax positions based on a "more likely than not" (likelihood greater than 50%) approach. As of june 30, 2016, management has considered its tax positions and believes that the organization did not maintain any tax positions that did not meet the "more likely than not" threshold. The organization does not expect any material change through june 30, 2017.”

Raw XML Appendix372 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.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INCOME TAXES TOPIC OF FASB ACCOUNTING STANDARDS CODIFICATION REQUIRES, AMONG OTHER THINGS, THE RECOGNITION AND MEASUREMENT OF TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" (LIKELIHOOD GREATER THAN 50%) APPROACH. AS OF JUNE 30, 2016, MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT THE ORGANIZATION DID NOT MAINTAIN ANY TAX POSITIONS THAT DID NOT MEET THE "MORE LIKELY THAN NOT" THRESHOLD. THE ORGANIZATION DOES NOT EXPECT ANY MATERIAL CHANGE THROUGH JUNE 30, 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL SLOCA THRIFT STORE, LLC LABOR WAS CONTRACTED THROUGH SAN LUIS OBISPO CLASSICAL ACADEMY. THE SAN LUIS OBISPO CLASSICAL ACADEMY FILED ALL REQUIRED FEDERAL EMPLOYMENT TAX RETURNS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED AND APPROVED BY THE PRESIDENT PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SLOCA THRIFT STORE, LLC HAS A GOVERNANCE COMMITTEE AND THE EXECUTIVE COMMITTEE THAT DEAL WITH POSSIBLE CONFLICT SITUATIONS, DEPENDING ON THE ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SLOCA THRIFT STORE, LLC DBA FRED AND BETTY'S MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART V, LINE 2A-2B:
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 C, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDES A CLASSICAL EDUCATION MODEL TO THE COMMUNITIES WITHIN SLO COUNTY.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170(B)(1) (A)(VI)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 3601
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SAN LUIS OBISPO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd093406
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt030654
IRS990/TotalAssetsEOYAmt054220
IRS990/TotalAssetsGrp/BOYAmt030654
IRS990/TotalAssetsGrp/EOYAmt054220
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt05441
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0259925
IRS990/TotalFunctionalExpensesGrp/TotalAmt0259925
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt041957
IRS990/TotalLiabilitiesEOYAmt06587
IRS990/TotalLiabilitiesGrp/BOYAmt041957
IRS990/TotalLiabilitiesGrp/EOYAmt06587
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-11303
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt047633
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0259925
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0313420
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0318861
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt030654
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt054220
IRS990/TotReportableCompRltdOrgAmt0104439
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-11303
IRS990/UnrestrictedNetAssetsGrp/EOYAmt047633
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 3601
IRS990/USAddress/CityNm0SAN LUIS OBISPO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd093403
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.SLOCLASSICALACADEMY.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SUSAN THEULE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08055488700
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SLOCA THRIFT STORE LLC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DBA FRED AND BETTY'S
ReturnHeader/Filer/BusinessNameControlTxt0SLOC
ReturnHeader/Filer/EIN0352485956
ReturnHeader/Filer/PhoneNum08055488700
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 3601
ReturnHeader/Filer/USAddress/CityNm0SAN LUIS OBISPO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd093403
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0952772601
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GLENN BURDETTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01150 PALM STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN LUIS OBISPO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd093401
ReturnHeader/PreparerPersonGrp/PhoneNum08055441441
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHERRI Y PARKINSON CPA
ReturnHeader/ReturnTs02017-05-15T12:37:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$54,220
Liabilities
$6,587
Net assets
$47,633
Revenue
$318,861
Expenses
$259,925
Net income
$58,936
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.61$0.02$0.59$3.87$3.87$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.64$0.04$0.59$4.47$3.86$0.61
2022Detailed filing. Detailed filing data is available for this year.$0.02$0.04$0.02$3.76$3.75$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.10$0.12$0.03$2.37$2.38$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.03$0.05$0.02$2.44$2.65$0.21
2019Detailed filing. Detailed filing data is available for this year.$0.26$0.07$0.18$3.68$3.90$0.23
2018Detailed filing. Detailed filing data is available for this year.$0.49$0.08$0.41$3.94$4.00$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.54$0.07$0.48$3.19$2.60$0.59