Civic Intelligence

Charity Storage Inc.

990 • Fiscal year 2017 • EIN 45-3253579

Apr 01, 2016 to Mar 31, 2017 • Filed on Jul 21, 2017

2201 Dupont Drive No 700Irvine, CA 92612

(949) 748-5923

Siviq Scores

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

Liabilities / Assets

96th percentile

1.34x

Higher debt load relative to assets than 96% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

93rd percentile

0.61x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

83rd percentile

29%

Higher net margin than 83% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

95th percentile

189%

Faster asset growth than 95% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

89th percentile

71%

Faster revenue growth than 89% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$52,891

Up $34,583 (+189%) from 2016

Net Assets

Up

-$17,987

Up $34,102 (+65%) from 2016

Liabilities

Up

$70,878

Up $481 (+0.7%) from 2016

Revenue

Up

$116,250

Up $48,438 (+71%) from 2016

Expenses

Down

$82,148

Down $11,100 (-12%) from 2016

Net Income

Up

$34,102

Up $59,538 (+234%) from 2016

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2012: $17,780Liabilities 2012: $45,895Net Assets 2012: -$28,1152012Assets 2013: $53,641Liabilities 2013: $46,904Net Assets 2013: $6,7372013Assets 2014: $11,427Liabilities 2014: $41,081Net Assets 2014: -$29,6542014Assets 2015: $26,001Liabilities 2015: $52,654Net Assets 2015: -$26,6532015Assets 2016: $18,308Liabilities 2016: $70,397Net Assets 2016: -$52,0892016Assets 2017: $52,891Liabilities 2017: $70,878Net Assets 2017: -$17,9872017Assets 2018: $38,919Liabilities 2018: $70,397Net Assets 2018: -$31,4782018Assets 2019: $43,002Liabilities 2019: $70,397Net Assets 2019: -$27,3952019Assets 2020: $113,504Liabilities 2020: $0Net Assets 2020: $113,5042020Assets 2021: $84,720Liabilities 2021: $0Net Assets 2021: $84,7202021Assets 2022: $141,288Liabilities 2022: $37,899Net Assets 2022: $103,3892022Assets 2023: $197,545Liabilities 2023: $49,307Net Assets 2023: $148,2382023Assets 2024: $202,054Liabilities 2024: $52,862Net Assets 2024: $149,1922024

Highlighted filing

2017

Assets$52,891
Liabilities$70,878
Net Assets-$17,987

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2012: $30,5002012Expenses 2013: $107,1082013Revenue 2014: $104,228Expenses 2014: $140,427Net Income 2014: -$36,1992014Revenue 2015: $92,290Expenses 2015: $89,289Net Income 2015: $3,0012015Revenue 2016: $67,812Expenses 2016: $93,248Net Income 2016: -$25,4362016Revenue 2017: $116,250Expenses 2017: $82,148Net Income 2017: $34,1022017Revenue 2018: $100,549Expenses 2018: $114,040Net Income 2018: -$13,4912018Revenue 2019: $173,879Expenses 2019: $167,533Net Income 2019: $6,3462019Revenue 2020: $261,682Expenses 2020: $120,783Net Income 2020: $140,8992020Revenue 2021: $145,530Expenses 2021: $174,314Net Income 2021: -$28,7842021Revenue 2022: $143,676Expenses 2022: $125,007Net Income 2022: $18,6692022Revenue 2023: $158,795Expenses 2023: $115,464Net Income 2023: $43,3312023Revenue 2024: $226,736Expenses 2024: $225,782Net Income 2024: $9542024

Highlighted filing

2017

Revenue$116,250
Expenses$82,148
Net Income$34,102
Jump To
Filing Snapshot
Filing Period
Apr 1, 2016 to Mar 31, 2017
Signed
Jul 21, 2017
Return Version
2016v3.0
Gross Receipts
$116,250
Mission and Program Overview

Mission

To use the storage industry's under-utilized assets to provide support for charitable organizations in the communities of local operators.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$68,441$68,922▲ $481
Cash and Non-Interest-Bearing Accounts$17,121$52,891▲ $35,770
Receivables From Officers Etc$1,187$0▼ $1,187
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-52,089$-17,987▲ $34,102
Total Assets$18,308$52,891▲ $34,583
Liabilities
Accounts Payable and Accrued Expenses$1,956$1,956→ $0
Total Liabilities$70,397$70,878▲ $481
Net Assets / Fund Balance
Total Net Assets Fund Balance$-52,089$-17,987▲ $34,102
Total Liabilities and Net Assets / Fund Balance$18,308$52,891▲ $34,583

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$26,970$26,970
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lance T WatkinsDirector, President
Asad RahmanDirector
Nancy Martin WagnerDirector
Robert a ChitiDirector
Sue HavilandDirector
Troy DowningDirector
Lisa Barth-chiappettaDirector, Secretary
Scott NguyenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$116,250
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$116,250
Change in Net Assets
$34,102
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$49,302
Other Expenses$32,846
Total Fundraising Expense$12,098
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$49,302--$49,302
Fees for Services Other$11,320-$11,320$22,640
Office Expenses-$3,310-$3,310
Travel-$2,596-$2,596
Fees for Services Accounting-$2,457-$2,457
Advertising$778-$778$1,556
Other Expenses-$25-$25
Total Functional Expenses$61,400$8,650$12,098$82,148
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Kure It IncIrvine, CA501(c)(3)To Support Cancer Research$19,773
Ssa FoundationAlexandria, VA501(c)(3)To Support Industry Education$6,094
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$68,441$68,922▲ $481
Receivables from Officers, Directors, Trustees, and Key Employees$1,187$0▼ $1,187
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The organization delegates the treasurer the duty to review the form 990 before filing.

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

The entity has created procedures for preventing and addressing potential conflicts of interest and are outlined in the bylaws of the organization.

Form 990, Part VI, Section B, Line 15

All matters pertaining to compensation of executives and board members must be discussed by the board without the presence of the individual to which the compensation pertains.

Form 990, Part VI, Section C, Line 19

Documents are made available for inspection to any third party upon request.

Filing and Contact Details

Filer

Filer Name
Charity Storage Inc
EIN
45-3253579
Phone
9497485923
Address
2201 DUPONT DRIVE NO 700, IRVINE, CA 92612

Signing Officer

Name
Scott Nguyen
Title
Treasurer
Phone
9497485911
Signed
2017-07-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lance T Watkins
Formed
2011
Legal Domicile
Nv
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Ja Solari & Partners LLC
Address
500 DAMONTE RANCH PKWY 1008, RENO, NV 89521
Preparer
John a Solari
Phone
7758273550
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Purchase of signs: program service expenses 2,126. Management and general expenses 0. Fundraising expenses 2,126. Total expenses 4,252. Temporary labor: program service expenses 9,194. Management and general expenses 0. Fundraising expenses 9,194. Total expenses 18,388.

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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11901 NORTH BEAUREGARD STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0IRVINE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1ALEXANDRIA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd092612
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd122311
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt021088
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt147353
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt2481
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0STORAGES TREASURES INC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt1US STORAGE CENTERS INC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt2WESTPORT PROPERTIES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0TO FUND INITIAL START UP AND DEVELOPMENT COSTS OF THE ORGANIZATION.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1TO FUND INITIAL START UP AND DEVELOPMENT COSTS OF THE ORGANIZATION.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2TO FUND INITIAL START UP AND DEVELOPMENT COSTS OF THE ORGANIZATION.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt020807
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt125088
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt2481
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd20
IRS990ScheduleL/TotalBalanceDueAmt068922
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATES THE TREASURER THE DUTY TO REVIEW THE FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ENTITY HAS CREATED PROCEDURES FOR PREVENTING AND ADDRESSING POTENTIAL CONFLICTS OF INTEREST AND ARE OUTLINED IN THE BYLAWS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL MATTERS PERTAINING TO COMPENSATION OF EXECUTIVES AND BOARD MEMBERS MUST BE DISCUSSED BY THE BOARD WITHOUT THE PRESENCE OF THE INDIVIDUAL TO WHICH THE COMPENSATION PERTAINS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE MADE AVAILABLE FOR INSPECTION TO ANY THIRD PARTY UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PURCHASE OF SIGNS: PROGRAM SERVICE EXPENSES 2,126. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 2,126. TOTAL EXPENSES 4,252. TEMPORARY LABOR: PROGRAM SERVICE EXPENSES 9,194. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 9,194. TOTAL EXPENSES 18,388.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NV
IRS990/StatesWhereCopyOfReturnIsFldCd1CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt018308
IRS990/TotalAssetsEOYAmt052891
IRS990/TotalAssetsGrp/BOYAmt018308
IRS990/TotalAssetsGrp/EOYAmt052891
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0116250
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt012098
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08650
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt061400
IRS990/TotalFunctionalExpensesGrp/TotalAmt082148
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt070397
IRS990/TotalLiabilitiesEOYAmt070878
IRS990/TotalLiabilitiesGrp/BOYAmt070397
IRS990/TotalLiabilitiesGrp/EOYAmt070878
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-52089
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-17987
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt061400
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0116250
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt018308
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt052891
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt02596
IRS990/TravelGrp/TotalAmt02596
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01206 PEMBROKE LN
IRS990/USAddress/CityNm0NEWPORT BEACH
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092660
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.CHARITYSTORAGE.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT NGUYEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09497485911
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-07-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHARITY STORAGE INC
ReturnHeader/Filer/BusinessNameControlTxt0CHAR
ReturnHeader/Filer/EIN0453253579
ReturnHeader/Filer/PhoneNum09497485923
ReturnHeader/Filer/USAddress/AddressLine1Txt02201 DUPONT DRIVE NO 700
ReturnHeader/Filer/USAddress/CityNm0IRVINE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092612
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C332BAB7B6D6F01104846431A5E8CFBE348BC2A2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07A136B50F287A4D15FD0C6876187C107631D6AC9
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.140.35.90
ReturnHeader/FilingSecurityInformation/IPDt02017-07-21
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm013:18:22
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0452604379
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JA SOLARI & PARTNERS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0500 DAMONTE RANCH PKWY 1008
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RENO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NV
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd089521
ReturnHeader/PreparerPersonGrp/PhoneNum07758273550
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN A SOLARI
ReturnHeader/ReturnTs02017-08-11T12:54:55-05:00
ReturnHeader/ReturnTypeCd0990

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.02$0.53$1.49$2.27$2.26$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.98$0.49$1.48$1.59$1.15$0.43
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.41$0.38$1.03$1.44$1.25$0.19
2021Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$1.46$1.74$0.29
2020Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$2.62$1.21$1.41
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.70$0.27$1.74$1.68$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.39$0.70$0.31$1.01$1.14$0.13
2017Detailed filing. Detailed filing data is available for this year.$0.53$0.71$0.18$1.16$0.82$0.34
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.18$0.70$0.52$0.68$0.93$0.25
2015Detailed filing. Detailed filing data is available for this year.$0.26$0.53$0.27$0.92$0.89$0.03
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.11$0.41$0.30$1.04$1.40$0.36
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.47$0.07$1.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.46$0.28$0.31