Civic Intelligence

Cwcla Support Corporation

EIN 35-2600330 • 501(c)3 • Los Angeles, CA

Profile

To support citizens of the world charter schools - los angeles

5371 Wilshire Blvd No 200Los Angeles, CA 90036
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

93rd percentile

1.02x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

32.46x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

7th percentile

-26%

Higher net margin than 7% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

5th percentile

$0

Higher top officer pay than 5% of similar nonprofits.

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

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

97th percentile

66%

Faster asset growth than 97% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

87th percentile

47%

Faster revenue growth than 87% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$101,965,718

Up $40,472,308 (+66%) from 2023

Liabilities

Up

$103,520,323

Up $41,290,097 (+66%) from 2023

Net Assets

Down

-$1,554,605

Down $817,789 (-111%) from 2023

Revenue

Up

$3,189,029

Up $1,014,763 (+47%) from 2023

Expenses

Up

$4,006,818

Up $935,096 (+30%) from 2023

Net Income

Up

-$817,789

Up $79,667 (+8.9%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0-$50MAssets 2018: $978,411Liabilities 2018: $80,688Net Assets 2018: $897,7232018Assets 2019: $10,330,983Liabilities 2019: $9,652,400Net Assets 2019: $678,5832019Assets 2020: $12,954,381Liabilities 2020: $11,440,167Net Assets 2020: $1,514,2142020Assets 2021: $14,486,889Liabilities 2021: $13,219,729Net Assets 2021: $1,267,1602021Assets 2022: $29,346,642Liabilities 2022: $29,186,002Net Assets 2022: $160,6402022Assets 2023: $61,493,410Liabilities 2023: $62,230,226Net Assets 2023: -$736,8162023Assets 2024: $101,965,718Liabilities 2024: $103,520,323Net Assets 2024: -$1,554,6052024

Highlighted filing

2024

Assets$101,965,718
Liabilities$103,520,323
Net Assets-$1,554,605

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2018: $1,000,000Expenses 2018: $102,277Net Income 2018: $897,7232018Revenue 2019: $35,393Expenses 2019: $254,533Net Income 2019: -$219,1402019Revenue 2020: $1,052,610Expenses 2020: $1,216,979Net Income 2020: -$164,3692020Revenue 2021: $1,254,111Expenses 2021: $1,584,410Net Income 2021: -$330,2992021Revenue 2022: $1,518,419Expenses 2022: $2,624,939Net Income 2022: -$1,106,5202022Revenue 2023: $2,174,266Expenses 2023: $3,071,722Net Income 2023: -$897,4562023Revenue 2024: $3,189,029Expenses 2024: $4,006,818Net Income 2024: -$817,7892024

Highlighted filing

2024

Revenue$3,189,029
Expenses$4,006,818
Net Income-$817,789

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 5, 2022
Return Version
2020v4.2
Gross Receipts
$1,254,111
Mission and Program Overview

Mission

To support citizens of the world charter schools - los angeles

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,555,491$12,942,531▲ $1,387,040
Investments Other Securities$1,000,000$1,000,000→ $0
Savings and Temporary Cash Investments$198,765$280,374▲ $81,609
Accounts Receivable$29,125$47,622▲ $18,497
Prepaid Expenses and Deferred Charges-$45,362-
Total Assets$12,954,381$14,486,889▲ $1,532,508
Other Assets Total$171,000$171,000→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,337,815$11,646,993▲ $309,178
Other Liabilities$0$1,186,830▲ $1,186,830
Accounts Payable and Accrued Expenses$102,352$385,906▲ $283,554
Total Liabilities$11,440,167$13,219,729▲ $1,779,562
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,514,214$1,267,160▼ $247,054
Total Net Assets Fund Balance$1,514,214$1,267,160▼ $247,054
Total Liabilities and Net Assets / Fund Balance$12,954,381$14,486,889▲ $1,532,508

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,942,531$890,520$13,833,051
Other Securities$1,000,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Claudia LimaDirector, Chair and Presid
Casey LynchDirector and Treasurer
Heather CrossnerDirector,secretary and Tre
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,254,111
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-330,299
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,584,410
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
Interest-$633,486-$633,486
Occupancy-$465,820-$465,820
Depreciation Depletion-$415,136-$415,136
Other Expenses-$35,427-$35,427
Insurance-$23,723-$23,723
Fees for Services Accounting-$10,818-$10,818
Total Functional Expenses$0$1,584,410$0$1,584,410
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Intra Entity Payable$723,406
Deferred Rent Liability$361,789
Refundable Advance$101,635
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
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 A, Line 7A

Cwc los angeles has the right to appoint board members

Form 990, Part VI, Section A, Line 8B

The organization does not have a committee with authority to act on its behalf.

Form 990, Part VI, Section B, Line 11B

The return will be given to the board members prior to filing.

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

In connection with any actual or possible conflict of interest, an interested person must disclose the exsistence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees considering the proposed transaction or arrangement. After disclosure of the financial interest and material facts, and after any discussion with the interested person, he/she shall leave the board of directors meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board members shall decide if a conflict of interest exsists.

Form 990, Part VI, Section C, Line 19

Required documents are available upon request at the business office during normal business hours.

Filing and Contact Details

Filer

Filer Name
Cwcla Support Corporation
EIN
35-2600330
Phone
2136297711
Address
5371 WILSHIRE BLVD NO 200, LOS ANGELES, CA 90036

Signing Officer

Name
Mark Kleger-heine
Title
Executive Director
Phone
2136297711
Signed
2022-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Kleger-heine
Formed
2016
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Eide Bailly Llp
Address
10681 FOOTHILL BLVD STE 300, RANCHO CUCAMONGA, CA 91730-3831
Preparer
Catherine L Gray CPA
Phone
9094664410
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Transfer from related organization 83,245.

Financial Statement Notes

PART X, LINE 2:

Management believes that cwc los angeles has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. Cwc los angeles would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.

Raw XML Appendix388 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CWC LOS ANGELES HAS THE RIGHT TO APPOINT BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON ITS BEHALF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE RETURN WILL BE GIVEN TO THE BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXSISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OF DIRECTORS MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXSISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REQUIRED DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE BUSINESS OFFICE DURING NORMAL BUSINESS HOURS.
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