Civic Intelligence

Multicultural Learning Center Foundation

990 • Fiscal year 2020 • EIN 37-1833574

Jul 01, 2019 to Jun 30, 2020 • Filed on May 10, 2021

7510 DE Soto AveCanoga Park, CA 91303

(818) 716-5783

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.02x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

97th percentile

10.85x

Higher debt load relative to revenue than 97% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

22nd percentile

-7.6%

Higher net margin than 22% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

22nd percentile

-1.8%

Faster asset growth than 22% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

30th percentile

-9.2%

Faster revenue growth than 30% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Down

$6,006,556

Down $107,217 (-1.8%) from 2019

Net Assets

Down

-$106,599

Down $42,718 (-67%) from 2019

Liabilities

Down

$6,113,155

Down $64,499 (-1.0%) from 2019

Revenue

Down

$563,578

Down $57,086 (-9.2%) from 2019

Expenses

Up

$606,296

Up $202 (+0.0%) from 2019

Net Income

Down

-$42,718

Down $57,288 (-393%) from 2019

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2017: $6,262,422Liabilities 2017: $6,252,898Net Assets 2017: $9,5242017Assets 2018: $6,175,800Liabilities 2018: $6,254,251Net Assets 2018: -$78,4512018Assets 2019: $6,113,773Liabilities 2019: $6,177,654Net Assets 2019: -$63,8812019Assets 2020: $6,006,556Liabilities 2020: $6,113,155Net Assets 2020: -$106,5992020Assets 2021: $5,860,557Liabilities 2021: $6,033,131Net Assets 2021: -$172,5742021Assets 2022: $5,719,982Liabilities 2022: $5,947,507Net Assets 2022: -$227,5252022Assets 2023: $5,634,313Liabilities 2023: $5,851,254Net Assets 2023: -$216,9412023

Highlighted filing

2020

Assets$6,006,556
Liabilities$6,113,155
Net Assets-$106,599

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2017: $85,606Expenses 2017: $76,082Net Income 2017: $9,5242017Revenue 2018: $546,262Expenses 2018: $634,237Net Income 2018: -$87,9752018Revenue 2019: $620,664Expenses 2019: $606,094Net Income 2019: $14,5702019Revenue 2020: $563,578Expenses 2020: $606,296Net Income 2020: -$42,7182020Revenue 2021: $506,743Expenses 2021: $572,718Net Income 2021: -$65,9752021Revenue 2022: $510,100Expenses 2022: $565,051Net Income 2022: -$54,9512022Revenue 2023: $565,539Expenses 2023: $554,955Net Income 2023: $10,5842023

Highlighted filing

2020

Revenue$563,578
Expenses$606,296
Net Income-$42,718
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 10, 2021
Return Version
2019v5.2
Gross Receipts
$563,578
Mission and Program Overview

Mission

To support the charitable and educational mission of multicultural learning center, a california public charter school.

To support the charitable and educational mission of multicultural learning center.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,202,799$5,088,112▼ $114,687
Accounts Receivable$281,945--
Cash and Non-Interest-Bearing Accounts$15,237$34,786▲ $19,549
Savings and Temporary Cash Investments$33,827$28,144▼ $5,683
Total Assets$6,113,773$6,006,556▼ $107,217
Other Assets Total$579,965$855,514▲ $275,549
Liabilities
Tax Exempt Bond Liabilities$6,141,991$6,077,492▼ $64,499
Accounts Payable and Accrued Expenses$35,663$35,663→ $0
Total Liabilities$6,177,654$6,113,155▼ $64,499
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-63,881$-106,599▼ $42,718
Total Net Assets Fund Balance$-63,881$-106,599▼ $42,718
Total Liabilities and Net Assets / Fund Balance$6,113,773$6,006,556▼ $107,217

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,098,732$183,268$3,282,000
Leasehold Improvements$1,989,380$165,318$2,154,698
Other Assets Org$282,417--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$48,632
Program Service Revenue
$505,011
Investment Income
$9,935
Other Revenue
$0
All Other Contributions
$48,632
Change in Net Assets
$-42,718

Audited Revenue Reconciliation

Revenue per Audited Statements
$563,578
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$563,578
Total Revenue per Form 990
$563,578
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$606,296
Total Fundraising Expense$21,239
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest-$456,825-$456,825
Depreciation Depletion$114,687--$114,687
Fees for Services Other$7,000$113$21,239$28,352
Other Expenses$6,432--$6,432
Total Functional Expenses$128,119$456,938$21,239$606,296

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$606,296
Total Expenses per Audited Statements$606,296
Total Expenses per Form 990$606,296
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACA School Finance Auth2017-05-01$6,320,000Facility acquisition & ref
BCA School Finance Auth2017-05-01$555,000Facility acquisition & ref

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$6,223,003$257,353$190,000$51,007
B$551,570$507,431-$341,038

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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 8B

The organization does not have committees with the authority to act on behalf of the governing body.

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

The form 990 is prepared by the organization's outside public accounting firm based on information provided by management. Once a draft of the return is available, it is reviewed by management with any changes or revisions incorporated into the filing. The revised return is then submitted to the board of directors for their review and approval prior to submitting to the irs.

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

Monitoring is performed regularly by the officers to identify potential conflicts of interest. Any question of a conflict is addressed with the interested person, who is required to disclose the existence of any financial interest and be afforded the opportunity to disclose all material facts to the board and executive director. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters.

Form 990, Part VI, Section B, Line 15A

Each year, the board of directors meets to discuss the compensation for all company employees. The board review data regarding the compensation paid to similarly qualified individual in functionally comparable positions by similar organizations within the geographic region. The board also review the performance of the employees during the prior year and the recommendations of the executive director regarding any adjustments to the employees' compensation. The executive director leaves the board meeting while the board deliberates and decides on any adjustments to compensation of the executive director and other employees for the upcoming year. Decisions are recorded in the minutes of the board meeting and in separate instructions to the executive director to implement the decisions.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Multicultural Learning Center Foundation
EIN
37-1833574
Phone
8187165783
Address
7510 DE SOTO AVE, CANOGA PARK, CA 91303

Signing Officer

Name
Gayle Nadler
Title
Executive Director
Phone
8187165783
Signed
2021-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Toby Bornstein
Formed
2016
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Cliftonlarsonallen Llp
Address
2210 EAST ROUTE 66, GLENDORA, CA 91740
Preparer
Marlen Gomez CPA
Phone
6268577300
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

There were no changes to the oversight or selection process from the previous year.

Financial Statement Notes

PART X, LINE 2:

The foundation is nonprofit entity exempt from the payment of income taxes under internal revenue code section 501(c)(3) and california revenue and taxation code section 23701d. Accordingly, no provision has been made for income taxes. 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. The foundation is subject to income tax on net income that is derived from business activities that are unrelated to the exempt purposes. The foundation files informational returns in the u.s. Federal jurisdiction, and with the california franchise tax board.

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IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12017-05-01
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt06320000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt1555000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0CA SCHOOL FINANCE AUTH
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1CA SCHOOL FINANCE AUTH
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0FACILITY ACQUISITION & REF
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc1FACILITY ACQUISITION & REF
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IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
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IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd01
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IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd00
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt0196707
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt117274
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd11
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0486249
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt142701
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt051007
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt1341038
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt0257353
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt1507431
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt0190000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt06223003
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt1551570
IRS990ScheduleK/TaxExemptBondsProceedsGrp/UnspentAmt0528952
IRS990ScheduleK/TaxExemptBondsProceedsGrp/UnspentAmt144139
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT WITH ANY CHANGES OR REVISIONS INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO SUBMITTING TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MONITORING IS PERFORMED REGULARLY BY THE OFFICERS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. ANY QUESTION OF A CONFLICT IS ADDRESSED WITH THE INTERESTED PERSON, WHO IS REQUIRED TO DISCLOSE THE EXISTENCE OF ANY FINANCIAL INTEREST AND BE AFFORDED THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND EXECUTIVE DIRECTOR. IF A CONFLICT OF INTEREST IS IDENTIFIED, THE APPROPRIATE ACTION IS TAKEN, INCLUDING LIMITATIONS TO THE INDIVIDUAL'S INFLUENCE ON RELATED BUSINESS MATTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH YEAR, THE BOARD OF DIRECTORS MEETS TO DISCUSS THE COMPENSATION FOR ALL COMPANY EMPLOYEES. THE BOARD REVIEW DATA REGARDING THE COMPENSATION PAID TO SIMILARLY QUALIFIED INDIVIDUAL IN FUNCTIONALLY COMPARABLE POSITIONS BY SIMILAR ORGANIZATIONS WITHIN THE GEOGRAPHIC REGION. THE BOARD ALSO REVIEW THE PERFORMANCE OF THE EMPLOYEES DURING THE PRIOR YEAR AND THE RECOMMENDATIONS OF THE EXECUTIVE DIRECTOR REGARDING ANY ADJUSTMENTS TO THE EMPLOYEES' COMPENSATION. THE EXECUTIVE DIRECTOR LEAVES THE BOARD MEETING WHILE THE BOARD DELIBERATES AND DECIDES ON ANY ADJUSTMENTS TO COMPENSATION OF THE EXECUTIVE DIRECTOR AND OTHER EMPLOYEES FOR THE UPCOMING YEAR. DECISIONS ARE RECORDED IN THE MINUTES OF THE BOARD MEETING AND IN SEPARATE INSTRUCTIONS TO THE EXECUTIVE DIRECTOR TO IMPLEMENT THE DECISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THERE WERE NO CHANGES TO THE OVERSIGHT OR SELECTION PROCESS FROM THE PREVIOUS YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0MULTICULTURAL LEARNING CENTER FOUNDATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt08211 REMMET AVE LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0371833574
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt06006556
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0TO MAINTAIN CERTAIN FACILITES FOR THE BENEFIT OF MULTICUTURAL LEARNING CENTE
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0563578
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt07510 DE SOTO AVENUE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0CANOGA PARK
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd091303
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MULTICULTURAL LEARNING CENTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0954769401
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt07510 DE SOTO AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CANOGA PART
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd091303
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0505011
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0AMOUNT RECEIVED
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0MULTICULTURAL LEARNING CENTER
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IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt06141991
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt06077492

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