Small World of Joy

990EZ • Fiscal year 2018 • EIN 45-4002649

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 26, 2019

Organization Profile N/A

932 South Park View StreetLos Angeles, CA 90006

(818) 653-3660

Siviq Scores

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

1.42x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

0.28x

Higher debt load relative to revenue than 89% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

-13%

Higher net margin than 21% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

$21,628

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 13.5% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

4.8%

Faster asset growth than 56% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

1.9%

Faster revenue growth than 52% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet

Liabilities / Assets96th percentile

Assets

$31,222

Up $1,426 (+4.8%) from 2017

Net Assets

Down

-$13,140

Down $20,534 (-278%) from 2017

Liabilities

$44,362

Up $21,960 (+98%) from 2017

Revenue And Expenses

Liabilities / Revenue89th percentile Net Margin21st percentile

Revenue

$160,739

Up $3,025 (+1.9%) from 2017

Expenses

$181,273

Up $21,186 (+13%) from 2017

Net Income

Down

-$20,534

Down $18,161 (-765%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

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

Highlighted filing

2018

Assets$31,222

Liabilities$44,362

Net Assets-$13,140

Open 2018 Filing

Operations Trend

Revenue Growth52nd percentile

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

Highlighted filing

2018

Revenue$160,739

Expenses$181,273

Net Income-$20,534

Open 2018 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2018 to Dec 31, 2018
Signed: Apr 26, 2019
Return Version: 2018v3.1
Gross Receipts: $160,739

Mission and Program Overview

Mission

The orgination provided child care service to local parents

PRESCHOOL OPERATION

Program Services

Description	Grants	Expenses
THE ORGANIZATION PROVIDED CHILD CARE SERVICES TO LOCAL PARENTS.	-	$181,273

Compensation and Service Providers

Top Officer Pay84th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
SEOUNG YOUNG SHIN	CFO	FT	$21,628	-	$21,628
SANG YOUNG SHIN	CEO	-	$0	-	-
SEOUNG YOUNG SHIN	Secretary	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Small World of Joy
EIN: 45-4002649
Address: 932 SOUTH PARK VIEW STREET, LOS ANGELES, CA 90006

Signing Officer

Name: Seoung Young Shin
Title: CFO
Signed: 2019-04-26

Preparer

Firm: Esther Hwang and Co
Address: 3435 WILSHIRE BLVD 460, LOS ANGELES, CA 90010
Preparer: Esther Hwang
Phone: 2133879858

Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses insurance 3,750 automobile 7,950 food/grocery 11,624 tax and license 5,490 repair and maintenance 1,950 supply 5,152 telephone 1,841 utility 6,901 misc 2,125 claim 23,150 outside service 4,820 non-investment depreciation 1,858 total 76,611”

Form 990-ez, Part I, Line 20

“Prior period adjustment 0”

Form 990-ez, Part II, Line 24

“Furniture and equipment 13,000 13,000 less accumulated depreciation 9,285 11,143 leasehold improvements 27,000 27,000 less accumulated depreciation 3,461 4,153 total 27,254 24,704”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 2,121 0 payroll tax payable 522 1,703 loan from officer's 19,759 42,659”

Raw XML Appendix151 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.

Path	#	Value
IRS990EZ/ActivitiesNotPreviouslyRptInd	0	false
IRS990EZ/BooksInCareOfDetail/PersonNm	0	SEOUNG SHIN
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	8186533660
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	932 SOUTH PARK VIEW ST
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	LOS ANGELES
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	90006
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	2542
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	6518
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	false
IRS990EZ/DonorAdvisedFndsInd	0	false
IRS990EZ/EngagedInExcessBenefitTransInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	-20534
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	15583
IRS990EZ/FiledScheduleAInd	0	true
IRS990EZ/ForeignFinancialAccountInd	0	false
IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	29796
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	31222
IRS990EZ/GrossReceiptsAmt	0	160739
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/LobbyingActivitiesInd	0	false
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MethodOfAccountingAccrualInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	7394
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	-13140
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	7394
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	-13140
IRS990EZ/OccupancyRentUtltsAndMaintAmt	0	36692
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	40.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	2	000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	21628
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	SANG YOUNG SHIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	SEOUNG YOUNG SHIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	SEOUNG YOUNG SHIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	CFO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	SECRETARY
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	27254
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	24704
IRS990EZ/OtherExpensesTotalAmt	0	76611
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	PRESCHOOL OPERATION
IRS990EZ/ProgramServiceRevenueAmt	0	160739
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	THE ORGANIZATION PROVIDED CHILD CARE SERVICES TO LOCAL PARENTS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	181273
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/SalariesOtherCompEmplBnftAmt	0	52387
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd	0	CA
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	22402
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	44362
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	181273
IRS990EZ/TotalProgramServiceExpensesAmt	0	181273
IRS990EZ/TotalRevenueAmt	0	160739
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	N/A
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt	0	160739
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt	0	157714
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt	0	167015
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt	0	156020
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt	0	134344
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	775832
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00000
IRS990ScheduleA/InvestmentIncomePYPct	0	0.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	0.70110
IRS990ScheduleA/PublicSupportPY509Pct	0	0.68450
IRS990ScheduleA/PublicSupportTotal509Amt	0	543942
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt	0	25960
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt	0	65360
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt	0	45470
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt	0	35210
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt	0	59890
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt	0	231890
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt	0	25960
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt	0	65360
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt	0	45470
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt	0	35210
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt	0	59890
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	231890
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	160739
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	157714
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	167015
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	156020
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt	0	134344
IRS990ScheduleA/Total509Grp/TotalAmt	0	775832
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	160739
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	157714
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	167015
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	156020
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	134344
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	775832
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	EXPENSES INSURANCE 3,750 AUTOMOBILE 7,950 FOOD/GROCERY 11,624 TAX AND LICENSE 5,490 REPAIR AND MAINTENANCE 1,950 SUPPLY 5,152 TELEPHONE 1,841 UTILITY 6,901 MISC 2,125 CLAIM 23,150 OUTSIDE SERVICE 4,820 NON-INVESTMENT DEPRECIATION 1,858 TOTAL 76,611
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	PRIOR PERIOD ADJUSTMENT 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	FURNITURE AND EQUIPMENT 13,000 13,000 LESS ACCUMULATED DEPRECIATION 9,285 11,143 LEASEHOLD IMPROVEMENTS 27,000 27,000 LESS ACCUMULATED DEPRECIATION 3,461 4,153 TOTAL 27,254 24,704
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	ACCOUNTS PAYABLE AND ACCRUED EXPENSES 2,121 0 PAYROLL TAX PAYABLE 522 1,703 LOAN FROM OFFICER'S 19,759 42,659
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990-EZ, PART II, LINE 26
ReturnHeader/BuildTS	0	2019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm	0	SEOUNG YOUNG SHIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	CFO
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2019-04-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	SMALL WORLD OF JOY
ReturnHeader/Filer/BusinessNameControlTxt	0	SMAL
ReturnHeader/Filer/EIN	0	454002649
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	932 SOUTH PARK VIEW STREET
ReturnHeader/Filer/USAddress/CityNm	0	LOS ANGELES
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	CA
ReturnHeader/Filer/USAddress/ZIPCd	0	90006
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId	0	3177DC3CD009BBB228351BA70127F587D9360D2C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId	0	3177DC3CD009BBB228351BA70127F587D9360D2C
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd	0	P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt	0	216.240.61.116
ReturnHeader/FilingSecurityInformation/IPDt	0	2019-09-03
ReturnHeader/FilingSecurityInformation/IPTimezoneCd	0	CD
ReturnHeader/FilingSecurityInformation/IPTm	0	16:16:22
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	465636069
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	ESTHER HWANG AND CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	3435 WILSHIRE BLVD 460
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	LOS ANGELES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	90010
ReturnHeader/PreparerPersonGrp/PhoneNum	0	2133879858
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2019-09-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	ESTHER HWANG
ReturnHeader/ReturnTs	0	2019-09-03T16:16:22-05:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2018-01-01
ReturnHeader/TaxPeriodEndDt	0	2018-12-31
ReturnHeader/TaxYr	0	2018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $31,222
Liabilities: $44,362
Net assets: -$13,140
Revenue: $160,739
Expenses: $181,273
Net income: -$20,534

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2022Detailed filing. Detailed filing data is available for this year.	$0.36	$0.31	$0.05	$0.67	$0.64	$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.37	$0.34	$0.03	$1.34	$1.35	$0.01
2020Summary only. Only limited summary data is available for this year.	$0.37	$0.33		$1.20	$1.22	$0.01
2019Summary only. Only limited summary data is available for this year.	$0.37	$0.32		$1.64	$1.45	$0.18
2018Detailed filing. Detailed filing data is available for this year.	$0.31	$0.44	$0.13	$1.61	$1.81	$0.21
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.30	$0.22	$0.07	$1.58	$1.60	$0.02
2016Summary only. Only limited summary data is available for this year.	$0.30	$0.23		$1.67	$1.52	$0.15
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.32	$0.43	$0.10	$1.56	$1.66	$0.10
2014Detailed filing. Detailed filing data is available for this year.	$0.47	$0.47	$0.01	$1.34	$1.30	$0.05