Civic Intelligence

Sequoia Adult School Scholars

990 • Fiscal year 2020 • EIN 45-4128140

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 18, 2021

855 Jefferson Ave Box 506Redwood City, CA 94064

(650) 254-6109

Siviq Scores

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

Liabilities / Assets

55th percentile

0.07x

Higher debt load relative to assets than 55% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

53rd percentile

0.07x

Higher debt load relative to revenue than 53% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

77th percentile

26%

Higher net margin than 77% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

94th percentile

$144,128

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 20.3% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

81st percentile

46%

Faster asset growth than 81% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

91st percentile

85%

Faster revenue growth than 91% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$739,591

Up $232,778 (+46%) from 2019

Net Assets

Up

$686,471

Up $185,622 (+37%) from 2019

Liabilities

Up

$53,120

Up $47,156 (+791%) from 2019

Revenue

Up

$708,306

Up $324,851 (+85%) from 2019

Expenses

Up

$522,708

Up $152,017 (+41%) from 2019

Net Income

Up

$185,598

Up $172,834 (+1354%) from 2019

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

2020

Assets$739,591
Liabilities$53,120
Net Assets$686,471

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

2020

Revenue$708,306
Expenses$522,708
Net Income$185,598
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 18, 2021
Return Version
2020v4.0
Gross Receipts
$708,306
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
Cash and Non-Interest-Bearing Accounts$200,771$434,268▲ $233,497
Investments in Publicly Traded Securities$306,042$305,323▼ $719
Total Assets$506,813$739,591▲ $232,778
Liabilities
Deferred Revenue-$29,495-
Accounts Payable and Accrued Expenses$5,964$23,625▲ $17,661
Total Liabilities$5,964$53,120▲ $47,156
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$499,849$570,098▲ $70,249
Net Assets With Donor Restrictions$1,000$116,373▲ $115,373
Total Net Assets Fund Balance$500,849$686,471▲ $185,622
Total Liabilities and Net Assets / Fund Balance$506,813$739,591▲ $232,778

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$306,043$0▲ $950$1,670$305,323
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Linda PrietoExecutive DirectorFT$131,498$12,630$144,128

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$707,380
Program Service Revenue
$0
Investment Income
$926
Other Revenue
$0
All Other Contributions
$707,380
Change in Net Assets
$185,598
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$274,812
Grants and Similar Amounts Paid$147,333
Other Expenses$92,813
Total Fundraising Expense$67,161
Professional Fundraising Fees$7,750

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$72,691$35,298$36,138$144,127
Grants to Domestic Individuals$142,333--$142,333
Other Salaries and Wages$91,715$6,226$4,646$102,587
Fees for Services Other$17,405$24,750$4,750$46,905
Payroll Taxes$12,046$2,990$2,871$17,907
Office Expenses$1,174$8,533$5,064$14,771
Fees for Services Accounting-$13,288-$13,288
Fees for Services Professional Fundraising--$7,750$7,750
Other Employee Benefits$4,650$2,373$100$7,123
Information Technology$1,703$2,988$398$5,089
Grants to Domestic Orgs$5,000--$5,000
Insurance-$3,991-$3,991
Occupancy--$3,800$3,800
Pension Plan Contributions$3,068--$3,068
Conferences and Meetings-$1,850$109$1,959
Other Expenses$629$483$0$1,112
Advertising-$249-$249
Travel-$114-$114
Total Functional Expenses$352,414$103,133$67,161$522,708
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$7,750
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
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

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 using the Fair Pay Northern CA Nonprofits survey from Nonprofit Compensation Associates.

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
6502546109
Address
855 Jefferson Ave Box 506, Redwood City, CA 94064

Signing Officer

Name
Linda Prieto
Title
Executive Director
Phone
6502546109
Signed
2021-04-18
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
251

Preparer

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

Additional Explanations

Form 990, Part III, Line 2

We added another component to the student support program, BusinessUp. We also added a new program, Student Safety Net.

Financial Statement Notes

Schedule D, Part V, Line 4

Held in reserve to use in emergency

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IRS990/Desc0Program #2: Student Support Upward Scholars has always helped students overcome barriers to an education that fits into their lives and goals. The Student Support program was expanded in 2020 to include Hardship Assistance to address the immediate need of food insecurity within our student population as coronavirus pandemic took hold. We sent hundreds of grocery store gift cards directly to students and provided stipends for internet service. The Move Up Initiative, begun in 2019, continues to provide career training with our NannyUp and Habla Más! programs. NannyUp gives talented, nurturing childcare providers the opportunity to advance in their careers as nannies. Habla Más!, provides Upward Scholars students the opportunity to make a steady source of income as Spanish language coaches. The initiative now includes another new program - BusinessUp. In partnership with Centro Community Partners, BusinessUp offers bootcamp workshops to provide students the skills they need to begin their own businesses.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
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IRS990/GrossReceiptsAmt0708306
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0398
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt02988
IRS990/InformationTechnologyGrp/ProgramServicesAmt01703
IRS990/InformationTechnologyGrp/TotalAmt05089
IRS990/InsuranceGrp/ManagementAndGeneralAmt03991
IRS990/InsuranceGrp/TotalAmt03991
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0926
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0926
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0306042
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0305323
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0500849
IRS990/NetAssetsOrFundBalancesEOYAmt0686471
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt024
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0499849
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0570098
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt03800
IRS990/OccupancyGrp/TotalAmt03800
IRS990/OfficeExpensesGrp/FundraisingAmt05064
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08533
IRS990/OfficeExpensesGrp/ProgramServicesAmt01174
IRS990/OfficeExpensesGrp/TotalAmt014771
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0100
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02373
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt04650
IRS990/OtherEmployeeBenefitsGrp/TotalAmt07123
IRS990/OtherExpensesGrp/Desc0Event expenses
IRS990/OtherExpensesGrp/Desc1Other expenses
IRS990/OtherExpensesGrp/FundraisingAmt01535
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1483
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt1629
IRS990/OtherExpensesGrp/TotalAmt01535
IRS990/OtherExpensesGrp/TotalAmt11112
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt04646
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt06226
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt091715
IRS990/OtherSalariesAndWagesGrp/TotalAmt0102587
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02871
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02990
IRS990/PayrollTaxesGrp/ProgramServicesAmt012046
IRS990/PayrollTaxesGrp/TotalAmt017907
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03068
IRS990/PensionPlanContributionsGrp/TotalAmt03068
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Linda Prieto
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Program #1: Scholarships Scholarships are provided to underserved students who have attended adult schools and community-based organizations in San Mateo county so they can continue their education in community college. Upward Scholars provides scholarships for laptop computers, textbooks, transportation parking and food vouchers for use in campus dining facilities.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0107976
IRS990/ProgSrvcAccomActy2Grp/GrantAmt064154
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0Program #3: Student Safety Net In 2020 we added a new program to better meet the needs of the people we serve today and meet the future challenges of our changing economic landscape, especially given the pandemic's direct impact on our students. We launched our first ever student Safety Net Fund (SNF) to support students hardest hit by the pandemic. Students applied to receive support from the SNF to help them cover expenses related to rent, medical care, childcare, utilities, or food, so although they lost jobs and wages, they could continue with their college courses.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt081641
IRS990/ProgSrvcAccomActy3Grp/GrantAmt043838
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0378737
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0137212
IRS990/PYInvestmentIncomeAmt04718
IRS990/PYOtherExpensesAmt055661
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt012764
IRS990/PYSalariesCompEmpBnftPaidAmt0171618
IRS990/PYTotalExpensesAmt0370691
IRS990/PYTotalProfFndrsngExpnsAmt06200
IRS990/PYTotalRevenueAmt0383455
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0185598
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0707380
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0378737
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0468319
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0319621
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0210958
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02085015
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0926
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04718
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt088
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05732
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.82349
IRS990ScheduleA/PublicSupportPY170Pct00.79817
IRS990ScheduleA/PublicSupportTotal170Amt01721705
IRS990ScheduleA/SubstantialContributorsTotAmt0363310
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0707380
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0378737
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0468319
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0319621

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