Civic Intelligence

Blueprint Texas

990 • Fiscal year 2016 • EIN 37-1763937

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 03, 2017

600 Wilshire Blvd Ste 200Los Angeles, CA 90017

(213) 542-4700

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.99x

Higher debt load relative to assets than 92% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

98th percentile

16.52x

Higher debt load relative to revenue than 98% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

9th percentile

-26%

Higher net margin than 9% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

57th percentile

$271,365

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 17.7% of source-year revenue.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

31st percentile

-1.5%

Faster asset growth than 31% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

94th percentile

71%

Faster revenue growth than 94% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Assets

Down

$25,525,353

Down $380,166 (-1.5%) from 2015

Net Assets

Down

$237,534

Down $385,497 (-62%) from 2015

Liabilities

Up

$25,287,819

Up $5,331 (+0.0%) from 2015

Revenue

Up

$1,531,183

Up $636,846 (+71%) from 2015

Expenses

Up

$1,931,126

Up $746,155 (+63%) from 2015

Net Income

Down

-$399,943

Down $109,309 (-38%) from 2015

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2014: $21,943,683Liabilities 2014: $20,694,004Net Assets 2014: $1,249,6792014Assets 2015: $25,905,519Liabilities 2015: $25,282,488Net Assets 2015: $623,0312015Assets 2016: $25,525,353Liabilities 2016: $25,287,819Net Assets 2016: $237,5342016Assets 2017: $25,013,094Liabilities 2017: $25,261,301Net Assets 2017: -$248,2072017Assets 2018: $13,299,462Liabilities 2018: $12,273,584Net Assets 2018: $1,025,8782018Assets 2019: $12,550,852Liabilities 2019: $12,312,880Net Assets 2019: $237,9722019Assets 2020: $12,438,031Liabilities 2020: $12,313,389Net Assets 2020: $124,6422020Assets 2021: $1,214,067Liabilities 2021: $105,000Net Assets 2021: $1,109,0672021Assets 2022: $3,000,710Liabilities 2022: $4,000,000Net Assets 2022: -$999,2902022Assets 2023: $13,394,342Liabilities 2023: $16,685,011Net Assets 2023: -$3,290,6692023Assets 2024: $18,830,139Liabilities 2024: $18,850,596Net Assets 2024: -$20,4572024

Highlighted filing

2016

Assets$25,525,353
Liabilities$25,287,819
Net Assets$237,534

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2014: $1,249,679Expenses 2014: $0Net Income 2014: $1,249,6792014Revenue 2015: $894,337Expenses 2015: $1,184,971Net Income 2015: -$290,6342015Revenue 2016: $1,531,183Expenses 2016: $1,931,126Net Income 2016: -$399,9432016Revenue 2017: $1,546,487Expenses 2017: $2,032,228Net Income 2017: -$485,7412017Revenue 2018: $3,075,809Expenses 2018: $1,801,724Net Income 2018: $1,274,0852018Revenue 2019: $636,516Expenses 2019: $1,395,528Net Income 2019: -$759,0122019Revenue 2020: $635,375Expenses 2020: $748,704Net Income 2020: -$113,3292020Revenue 2021: $1,483,079Expenses 2021: $498,654Net Income 2021: $984,4252021Revenue 2022: $105,728Expenses 2022: $2,214,085Net Income 2022: -$2,108,3572022Revenue 2023: $1,655,471Expenses 2023: $3,946,850Net Income 2023: -$2,291,3792023Revenue 2024: $11,475,023Expenses 2024: $8,204,811Net Income 2024: $3,270,2122024

Highlighted filing

2016

Revenue$1,531,183
Expenses$1,931,126
Net Income-$399,943
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 3, 2017
Return Version
2016v3.0
Gross Receipts
$1,531,183
Mission and Program Overview

Mission

To support pcsd's mission to provide long-term affordable facilities solutions to increase the availability of high quality charter schools for underserved students.

To support pcsd's mission to provide long-term affordable facilities solutions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$24,424,728$23,954,867▼ $469,861
Cash and Non-Interest-Bearing Accounts$1,114,280$931,760▼ $182,520
Accounts Receivable$812$64,890▲ $64,078
Prepaid Expenses and Deferred Charges-$14,351-
Total Assets$25,905,519$25,525,353▼ $380,166
Other Assets Total$365,699$559,485▲ $193,786
Liabilities
Mortgage Notes Payable Secured by Investment Property$24,640,854$24,640,854→ $0
Deferred Revenue$373,472$374,408▲ $936
Other Liabilities$175,279$224,550▲ $49,271
Accounts Payable and Accrued Expenses$92,883$48,007▼ $44,876
Total Liabilities$25,282,488$25,287,819▲ $5,331
Net Assets / Fund Balance
Unrestricted Net Assets$623,031$237,534▼ $385,497
Total Net Assets Fund Balance$623,031$237,534▼ $385,497
Total Liabilities and Net Assets / Fund Balance$25,905,519$25,525,353▼ $380,166

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$18,099,867$1,607,483$19,707,350
Land$5,855,000-$5,855,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Eli KennedyDirector
Eric JohnsonDirector
Eric SussmanDirector
Paul HabibiDirector
Reginald GilyardDirector
Rich BillingsDirector
John SunCEO
Patrick OntiverosSecretary
Scott ThomasTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Exed Facilities Xiv LLCFinancing11858 LA GRANGE AVE 2ND FLOOR, Los Angeles, CA 90025$367,488
Cyril-blain PicoReal Estate10430 WILSHIRE BLVD 1402, Los Angeles, CA 90024$185,724
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,530,588
Investment Income
$595
Other Revenue
$0
Change in Net Assets
$-399,943

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,531,183
Total Revenue per Audited Statements
$1,531,183
Total Revenue per Form 990
$1,531,183
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,931,126
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$927,484--$927,484
Depreciation Depletion$626,271--$626,271
Occupancy$206,712--$206,712
Other Expenses$317--$317
Total Functional Expenses$1,931,126$0$0$1,931,126

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,931,126
Total Expenses per Audited Statements$1,931,126
Total Expenses per Form 990$1,931,126
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
Deferred Lease$224,550
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Page 6, Part VI, Line 11B

A draft of the form 990 is reviewed by all board members prior to filing.

Form 990, Page 6, Part VI, Line 12C

Whenever there is a reason to believe that a potential conflict of interest exists, the board of directors reviews the issue to determine the appropriate response. If a potential conflict of interest involves an employee other than the president or ceo, the president and ceo are responsible for reviewing the matter, taking appropriate action and reporting the matter to the board chair with the results of any action taken. If a conflict of interest arises between pacific charter school development and an interested party, the organization shall refrain from acting until such a time as a proposed action, policy or transaction has been approved by the disinterested members of the board.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Pacific Charter Facilities Holding
EIN
37-1763937
Phone
2135424700
Address
600 WILSHIRE BLVD STE 200, LOS ANGELES, CA 90017

Signing Officer

Name
Patrick Ontiveros
Title
Secretary
Phone
2135424700
Signed
2017-11-03

Organization Details

Principal Officer
Patrick Ontiveros
Formed
2014
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
2210 E ROUTE 66, GLENDORA, CA 91740-4676
Preparer
Derrick Debruyne CPA
Phone
6268577300
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

Pcfh has evaluated its tax positions and the certainty as to whether those positions will be sustained in the event of an audit by taxing authorities at the federal and state levels. The primary tax positions evaluated are related to pcfhs continued qualifications as a tax-exempt organization and whether there are unrelated business income activities conducted that would be taxable. Management has determined that all income tax positions are more likely than not of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PCFH HAS EVALUATED ITS TAX POSITIONS AND THE CERTAINTY AS TO WHETHER THOSE POSITIONS WILL BE SUSTAINED IN THE EVENT OF AN AUDIT BY TAXING AUTHORITIES AT THE FEDERAL AND STATE LEVELS. THE PRIMARY TAX POSITIONS EVALUATED ARE RELATED TO PCFHS CONTINUED QUALIFICATIONS AS A TAX-EXEMPT ORGANIZATION AND WHETHER THERE ARE UNRELATED BUSINESS INCOME ACTIVITIES CONDUCTED THAT WOULD BE TAXABLE. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt122121
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1SCOTT THOMAS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2PATRICK ONTIVEROS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2SECRETARY
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1183251
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF THE FORM 990 IS REVIEWED BY ALL BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WHENEVER THERE IS A REASON TO BELIEVE THAT A POTENTIAL CONFLICT OF INTEREST EXISTS, THE BOARD OF DIRECTORS REVIEWS THE ISSUE TO DETERMINE THE APPROPRIATE RESPONSE. IF A POTENTIAL CONFLICT OF INTEREST INVOLVES AN EMPLOYEE OTHER THAN THE PRESIDENT OR CEO, THE PRESIDENT AND CEO ARE RESPONSIBLE FOR REVIEWING THE MATTER, TAKING APPROPRIATE ACTION AND REPORTING THE MATTER TO THE BOARD CHAIR WITH THE RESULTS OF ANY ACTION TAKEN. IF A CONFLICT OF INTEREST ARISES BETWEEN PACIFIC CHARTER SCHOOL DEVELOPMENT AND AN INTERESTED PARTY, THE ORGANIZATION SHALL REFRAIN FROM ACTING UNTIL SUCH A TIME AS A PROPOSED ACTION, POLICY OR TRANSACTION HAS BEEN APPROVED BY THE DISINTERESTED MEMBERS OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0PCSD 2723 WEST 8TH STREET LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1PCSD 1700 PICO BLVD LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt2PCSD 15136 NORDHOFF LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt08477636
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt14101564
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt212598733
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IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt1523930
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt2634844
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IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt1600 WILSHIRE BLVD STE 200
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt2600 WILSHIRE BLVD STE 200
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1WASHINGTON CHARTER SCHOOL DEVELOPME
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1EDUCATION
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1600 WILSHIRE BLVD STE 200
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