Civic Intelligence

Sunset Silverlake Charitable Foundation

990 • Fiscal year 2021 • EIN 45-3128297

Apr 01, 2020 to Mar 31, 2021 • Filed on May 17, 2022

2525 Workman Street Ste CLos Angeles, CA 90031

(213) 484-4002

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

37th percentile

0.1%

Higher net margin than 37% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

42nd percentile

0.3%

Faster asset growth than 42% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

37th percentile

-11%

Faster revenue growth than 37% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$68,733

Up $178 (+0.3%) from 2020

Net Assets

Up

$68,733

Up $178 (+0.3%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Down

$135,141

Down $17,322 (-11%) from 2020

Expenses

Down

$134,963

Down $11,879 (-8.1%) from 2020

Net Income

Down

$178

Down $5,443 (-97%) from 2020

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2012: $4,213Liabilities 2012: $0Net Assets 2012: $4,2132012Assets 2013: $11,374Liabilities 2013: $0Net Assets 2013: $11,3742013Assets 2014: $34,526Liabilities 2014: $0Net Assets 2014: $34,5262014Assets 2015: $33,772Liabilities 2015: $0Net Assets 2015: $33,7722015Assets 2016: $58,517Liabilities 2016: $0Net Assets 2016: $58,5172016Assets 2017: $58,619Liabilities 2017: $0Net Assets 2017: $58,6192017Assets 2018: $58,330Liabilities 2018: $0Net Assets 2018: $58,3302018Assets 2019: $62,934Liabilities 2019: $0Net Assets 2019: $62,9342019Assets 2020: $68,555Liabilities 2020: $0Net Assets 2020: $68,5552020Assets 2021: $68,733Liabilities 2021: $0Net Assets 2021: $68,7332021Assets 2022: $65,491Liabilities 2022: $0Net Assets 2022: $65,4912022Assets 2023: $63,794Liabilities 2023: $0Net Assets 2023: $63,7942023Assets 2024: $64,209Liabilities 2024: $0Net Assets 2024: $64,2092024Assets 2025: $57,110Liabilities 2025: $0Net Assets 2025: $57,1102025

Highlighted filing

2021

Assets$68,733
Liabilities$0
Net Assets$68,733

Operations Trend

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

$200K$100K$0-$100KRevenue 2012: $83,621Expenses 2012: $79,408Net Income 2012: $4,2132012Expenses 2013: $147,9642013Revenue 2014: $173,818Expenses 2014: $150,666Net Income 2014: $23,1522014Revenue 2015: $170,663Expenses 2015: $158,711Net Income 2015: $11,9522015Revenue 2016: $197,279Expenses 2016: $172,534Net Income 2016: $24,7452016Revenue 2017: $171,749Expenses 2017: $158,565Net Income 2017: $13,1842017Revenue 2018: $157,404Expenses 2018: $146,566Net Income 2018: $10,8382018Revenue 2019: $155,061Expenses 2019: $150,457Net Income 2019: $4,6042019Revenue 2020: $152,463Expenses 2020: $146,842Net Income 2020: $5,6212020Revenue 2021: $135,141Expenses 2021: $134,963Net Income 2021: $1782021Revenue 2022: $150,246Expenses 2022: $153,250Net Income 2022: -$3,0042022Revenue 2023: $148,342Expenses 2023: $150,039Net Income 2023: -$1,6972023Revenue 2024: $153,600Expenses 2024: $153,185Net Income 2024: $4152024Revenue 2025: $156,442Expenses 2025: $163,541Net Income 2025: -$7,0992025

Highlighted filing

2021

Revenue$135,141
Expenses$134,963
Net Income$178
Jump To
Filing Snapshot
Filing Period
Apr 1, 2020 to Mar 31, 2021
Signed
May 17, 2022
Return Version
2020v4.0
Gross Receipts
$135,141
Mission and Program Overview

Mission

Our purpose is to aid and support the disadvantaged in the community and especially at risk young people through a variety of programs. We operate Farmers Market in our neighborhood.

Our purpose is to aid and support the disadvantaged in the community and especially at risk young people through a variety of programs. We operate a Farmers Market in our neighborhood.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$68,555$68,733▲ $178
Loans From Officers Directors$0$0→ $0
Total Assets$68,555$68,733▲ $178
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$68,555$68,733▲ $178
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$68,555$68,733▲ $178
Total Liabilities and Net Assets / Fund Balance$68,555$68,733▲ $178
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael A McKinleyPresident
John BrownDirector
Melissa FargoDIrector
Betty KellyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$135,141
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$178
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$98,036
Salaries, Compensation, and Employee Benefits$36,927
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$23,800$10,200$0$34,000
Fees for Services Management$22,855$9,795$0$32,650
Other Expenses$14,839$6,357$0$21,196
Payroll Taxes$2,049$878$0$2,927
Insurance$1,776$762$0$2,538
Fees for Services Accounting$1,561$669$0$2,230
Total Functional Expenses$94,476$40,487$0$134,963
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Members have election powers to elect within the organization or outside the governing body.

Form 990, Part VI, Section A, Line 7B

We are governed by a democracy and all those elected must be approved by the governing body.

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

Michael McKinley maintains documents of all meetings held at Sunset Silverlake Charitable Foundation, and reviewed by the governing body.

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

The acting officers may object or abstain the official documents but they are noted and made public.

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

Once the form 990 is completed by J & O Tax Bookkeeping Inc. The governing body convenes to review. Jonathan Flores, Accountant has as open door policy for any member to ask questions about the tax return, form 990. Once reviewed has taken place. Members note final approval and documentation of approval noted and signed off by the President of the organization - Michael McKinley.

Form 990, Part VI, Section B, Line 15

All members hired for Sunset Silverlake Charitable Foundation must adhere to employment policies and approved by the governing body. An individual that is hired will go through a preliminary screening by the board. Review of resume and verification of past employment will provide the organization to select a potential candidate. An interview date will be given to the prospective employee and then interviewed. The board will review based on experience, work ethics, and elaborate on past accomplishments. We have a probation period, for all new hires, under which we will obtain a credit report, review past jobs, educational background, and references. Our board, looks for prospective employees who care and be able to nurture growing minds to become an active part of society.

Form 990, Part VI, Section C, Line 19

While the organization is open during business hours any public individual may request to review and take notes of all information of the organization.

Filing and Contact Details

Filer

Filer Name
Sunset Silverlake Charitable Foundation
EIN
45-3128297
Phone
2134844002
Address
2525 WORKMAN STREET STE C, LOS ANGELES, CA 90031

Signing Officer

Name
Michael Mckinley
Title
President
Phone
2134844002
Signed
2022-05-17

Organization Details

Principal Officer
Michael Mckinley
Formed
2011
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
1
Employees
2
Volunteers
57
Raw XML Appendix354 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/ExplanationTxt0Members have election powers to elect within the organization or outside the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1We are governed by a democracy and all those elected must be approved by the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Michael McKinley maintains documents of all meetings held at Sunset Silverlake Charitable Foundation, and reviewed by the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The acting officers may object or abstain the official documents but they are noted and made public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Once the form 990 is completed by J & O Tax Bookkeeping Inc. The governing body convenes to review. Jonathan Flores, Accountant has as open door policy for any member to ask questions about the tax return, form 990. Once reviewed has taken place. Members note final approval and documentation of approval noted and signed off by the President of the organization - Michael McKinley.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All members hired for Sunset Silverlake Charitable Foundation must adhere to employment policies and approved by the governing body. An individual that is hired will go through a preliminary screening by the board. Review of resume and verification of past employment will provide the organization to select a potential candidate. An interview date will be given to the prospective employee and then interviewed. The board will review based on experience, work ethics, and elaborate on past accomplishments. We have a probation period, for all new hires, under which we will obtain a credit report, review past jobs, educational background, and references. Our board, looks for prospective employees who care and be able to nurture growing minds to become an active part of society.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6While the organization is open during business hours any public individual may request to review and take notes of all information of the organization.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt068555
IRS990/TotalAssetsEOYAmt068733
IRS990/TotalAssetsGrp/BOYAmt068555
IRS990/TotalAssetsGrp/EOYAmt068733
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt040487
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt094476
IRS990/TotalFunctionalExpensesGrp/TotalAmt0134963
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt068555
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt068733
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt094476
IRS990/TotalProgramServiceRevenueAmt0135141
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0135141
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0135141
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt057
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt068555
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt068733
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02525 WORKMAN STREET
IRS990/USAddress/CityNm0LOS ANGELES
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090031
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt01
IRS990/WhistleblowerPolicyInd00
ReasonableCauseExplanation/ExplanationTxt0Form 990 was filed in November 12, 2021 and received by the IRS on 12/06/2021 via certified mail 70200640000203825948. Which was not due until 02/15/2022. The tax preparer is ineligible to file via e-file with the IRS and included form 8948 as the tax preparer is ineligible. Under the Taxpayers First Act. It was understood that if filing with the IRS via paper and if it did not include form 8948 it was understood that his PTIN P00060066 is flagged as ineligible to e-File. There are no clear exemptions policies in place and we believe this could have been avoided. It is not an easy task searching for a Form 990 tax office much less find one that we can trust. The primary issues is in receiving correspondence took almost 5 months where as in the past it would have taken 45 to 60 days to receive correspondence. Then we could have e-filed on time. We respectfully request a waiver as compliance is made within the requested 10 days. It was not the tax prepares intention to file late as we had filed way before the due date allowed. Now I am forced to file on my own to comply. I am filing this based on these facts and unfortunate circumstances. A penalty would severely hinder our non profit organization. A waiver is requested. Thank you in advance.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL MCKINLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02134844002
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SUNSET SILVERLAKE CHARITABLE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0SUNS
ReturnHeader/Filer/EIN0453128297
ReturnHeader/Filer/PhoneNum02134844002
ReturnHeader/Filer/USAddress/AddressLine1Txt02525 WORKMAN STREET STE C
ReturnHeader/Filer/USAddress/CityNm0LOS ANGELES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090031
ReturnHeader/ReturnTs02022-05-17T18:14:42-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02020-04-01
ReturnHeader/TaxPeriodEndDt02021-03-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$1.56$1.64$0.07
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.00$0.64$1.54$1.53$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.00$0.64$1.48$1.50$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.00$0.65$1.50$1.53$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.69$0.00$0.69$1.35$1.35$0.00
2020Summary only. Only limited summary data is available for this year.$0.69$0.00$0.69$1.52$1.47$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.63$0.00$0.63$1.55$1.50$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.58$0.00$0.58$1.57$1.47$0.11
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.00$0.59$1.72$1.59$0.13
2016Detailed filing. Detailed filing data is available for this year.$0.59$0.00$0.59$1.97$1.73$0.25
2015Detailed filing. Detailed filing data is available for this year.$0.34$0.00$0.34$1.71$1.59$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.35$1.74$1.51$0.23
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.00$0.11$1.48
2012Summary only. Only limited summary data is available for this year.$0.04$0.00$0.04$0.84$0.79$0.04