Civic Intelligence

Sequoia Adult School Scholars

990 • Fiscal year 2019 • EIN 45-4128140

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 05, 2020

3481 Janice WayPalo Alto, CA 94303

(650) 383-8449

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.01x

Higher debt load relative to assets than 42% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

43rd percentile

0.02x

Higher debt load relative to revenue than 43% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

49th percentile

3.3%

Higher net margin than 49% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

92nd percentile

$126,112

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 32.9% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

45th percentile

1.4%

Faster asset growth than 45% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

17th percentile

-18%

Faster revenue growth than 17% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$506,813

Up $7,058 (+1.4%) from 2018

Net Assets

Up

$500,849

Up $14,144 (+2.9%) from 2018

Liabilities

Down

$5,964

Down $7,086 (-54%) from 2018

Revenue

Down

$383,455

Down $84,864 (-18%) from 2018

Expenses

Up

$370,691

Up $89,793 (+32%) from 2018

Net Income

Down

$12,764

Down $174,657 (-93%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2014: $111,380Net Assets 2014: $111,3802014Assets 2015: $150,542Liabilities 2015: $3,055Net Assets 2015: $147,4872015Assets 2016: $227,583Liabilities 2016: $31,655Net Assets 2016: $195,9282016Assets 2017: $321,210Liabilities 2017: $21,863Net Assets 2017: $299,3472017Assets 2018: $499,755Liabilities 2018: $13,050Net Assets 2018: $486,7052018Assets 2019: $506,813Liabilities 2019: $5,964Net Assets 2019: $500,8492019Assets 2020: $739,591Liabilities 2020: $53,120Net Assets 2020: $686,4712020Assets 2021: $896,809Liabilities 2021: $30,469Net Assets 2021: $866,3402021Assets 2022: $1,033,994Liabilities 2022: $17,674Net Assets 2022: $1,016,3202022Assets 2023: $1,439,965Liabilities 2023: $46,057Net Assets 2023: $1,393,9082023Assets 2024: $1,300,455Liabilities 2024: $56,008Net Assets 2024: $1,244,4472024

Highlighted filing

2019

Assets$506,813
Liabilities$5,964
Net Assets$500,849

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2014: $97,278Expenses 2014: $45,941Net Income 2014: $51,3372014Revenue 2015: $143,388Expenses 2015: $107,281Net Income 2015: $36,1072015Revenue 2016: $211,045Expenses 2016: $162,604Net Income 2016: $48,4412016Revenue 2017: $322,592Expenses 2017: $219,173Net Income 2017: $103,4192017Revenue 2018: $468,319Expenses 2018: $280,898Net Income 2018: $187,4212018Revenue 2019: $383,455Expenses 2019: $370,691Net Income 2019: $12,7642019Revenue 2020: $708,306Expenses 2020: $522,708Net Income 2020: $185,5982020Revenue 2021: $956,944Expenses 2021: $777,075Net Income 2021: $179,8692021Revenue 2022: $1,190,906Expenses 2022: $1,040,926Net Income 2022: $149,9802022Revenue 2023: $1,688,819Expenses 2023: $1,321,450Net Income 2023: $367,3692023Revenue 2024: $1,152,558Expenses 2024: $1,310,899Net Income 2024: -$158,3412024

Highlighted filing

2019

Revenue$383,455
Expenses$370,691
Net Income$12,764
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 5, 2020
Return Version
2019v5.0
Gross Receipts
$383,455
Mission and Program Overview

Mission

To assist underserved students who have been enrolled in adult schools and community based organizations in san mateo county so they can continue their education in community college

Upward Scholars empowers low-income adults, mostly immigrants, by providing them financial, academic, and community support so they can continue their education, get better jobs, and serve as role models and advocates for their children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$200,009$306,042▲ $106,033
Cash and Non-Interest-Bearing Accounts$188,721$200,771▲ $12,050
Savings and Temporary Cash Investments$100,025--
Pledges and Grants Receivable$10,000--
Prepaid Expenses and Deferred Charges$1,000--
Total Assets$499,755$506,813▲ $7,058
Liabilities
Accounts Payable and Accrued Expenses$13,050$5,964▼ $7,086
Total Liabilities$13,050$5,964▼ $7,086
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$486,705$499,849▲ $13,144
Net Assets With Donor Restrictions$0$1,000▲ $1,000
Total Net Assets Fund Balance$486,705$500,849▲ $14,144
Total Liabilities and Net Assets / Fund Balance$499,755$506,813▲ $7,058

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$200,009$100,025▲ $6,009$0$306,043
2018$0$0→ $0$0$0
2017$0$0→ $0$0$0
2016$0$0→ $0$0$0
2015$0$0→ $0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Linda PrietoExecutive DirectorFT$117,433$8,679$126,112

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$378,737
Program Service Revenue
$0
Investment Income
$4,718
Other Revenue
$0
All Other Contributions
$375,875
Change in Net Assets
$12,764
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$171,618
Grants and Similar Amounts Paid$137,212
Other Expenses$55,661
Total Fundraising Expense$38,221
Professional Fundraising Fees$6,200

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$132,212--$132,212
Current Officers, Directors, Trustees, and Key Employees$82,500$27,112$16,500$126,112
Other Salaries and Wages$342$32,557$0$32,899
Fees for Services Other$10,493$435$4,920$15,848
Office Expenses$2,384$5,754$3,651$11,789
Payroll Taxes-$11,500-$11,500
Fees for Services Accounting-$9,488-$9,488
Fees for Services Professional Fundraising--$6,200$6,200
Grants to Domestic Orgs$5,000--$5,000
Information Technology$1,989$2,550$240$4,779
Occupancy-$350$3,451$3,801
Insurance-$3,473-$3,473
Conferences and Meetings$165$2,189$108$2,462
Other Employee Benefits-$1,107-$1,107
Other Expenses$30$508$15$553
Advertising-$318-$318
Travel-$14$3$17
Total Functional Expenses$235,115$97,355$38,221$370,691
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$6,200
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Form 990 is sent to all board members. At the next board meeting the Treasurer or accountant is available to review and answer questions.

Form 990, Part VI, Section B, Line 15

Board reviews compensation for Executive Director annually and makes the decision about compensation.

Form 990, Part VI, Section C, Line 19

The organization made its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Upward Scholars
EIN
45-4128140
Phone
6503838449
Address
3481 Janice Way, Palo Alto, CA 94303

Signing Officer

Name
Linda Prieto
Title
Executive Director
Phone
6503838449
Signed
2020-04-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Prieto
Formed
2009
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
11
Employees
4
Volunteers
110

Preparer

Firm
Shelby Malvoso CPA
Address
360 Grand Ave 408, Oakland, CA 94610
Preparer
Shelby Malvoso
Phone
5104736240
Supplemental Narrative

Financial Statement Notes

Schedule D, Part V, Line 4

Held in reserve to use in emergency.

Raw XML AppendixShowing 400 of 543 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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IRS990/MissionDesc0Upward Scholars empowers low-income adults, mostly immigrants, by providing them financial, academic, and community support so they can continue their education, get better jobs, and serve as role models and advocates for their children.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Student Support: We expanded our programming to better meet the needs of the people we serve today and meet the future challenges of our changing economic landscape. In honor of our founder and her initial motivation to give her students the boost they need to move up the economic ladder through education, the new program is called the Elizabeth Weal Move Up Initiative. Upward Scholars has always helped students overcome barriers to an education that fits into their lives and goals and the Move Up Initiative is an extension of this commitment. The initiative currently includes two programs - NannyUp and Habla Mas!. NannyUp gives talented, nurturing childcare providers the opportunity to advance in their careers as nannies, which benefits them as well as the families they serve. In partnership with The Institute for Families and Nannies (TIFFAN), NannyUp offers workshops to give students the skills they need to get a job as a nanny and maximize their compensation (both salary and benefits) once they have a job. NannyUp provides students with career development support to take advantage of the skills they gained in college and move up in a career path they love. Habla Mas!, which means "speak more" in Spanish, provides Upward Scholars students the opportunity to make a steady source of income as Spanish language coaches. Habla Mas! trains and matches Upward Scholars students to serve as coaches for non-Spanish speaking adults in our community who want to learn or improve their Spanish.
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