Civic Intelligence

Metro Charter Corp

EIN 46-0653428 • 501(c)3 • Los Angeles, CA

Profile

To create a high-performing neighborhood school to serve the vibrant, diverse and rapidly developing south park/historic core community in downtown los angeles.

11856 LA Grange Ave FL 2 No 400Los Angeles, CA 90025-5275

www.metrocharter.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

1.34x

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

501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

77th percentile

0.40x

Higher debt load relative to revenue than 77% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

14th percentile

-22%

Higher net margin than 14% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

13th percentile

-13%

Faster asset growth than 13% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

5th percentile

-50%

Faster revenue growth than 5% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$348,632

Down $49,889 (-13%) from 2018

Liabilities

Up

$466,520

Up $208,510 (+81%) from 2018

Net Assets

Down

-$117,888

Down $258,399 (-184%) from 2018

Revenue

Down

$1,178,051

Down $1,173,424 (-50%) from 2018

Expenses

Down

$1,436,450

Down $1,586,261 (-52%) from 2018

Net Income

Up

-$258,399

Up $412,837 (+62%) from 2018

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0-$500KAssets 2013: $11,800Liabilities 2013: $02013Assets 2014: $298,827Liabilities 2014: $469,028Net Assets 2014: -$170,2012014Assets 2015: $382,265Liabilities 2015: $415,861Net Assets 2015: -$33,5962015Assets 2016: $655,407Liabilities 2016: $218,777Net Assets 2016: $436,6302016Assets 2017: $918,648Liabilities 2017: $106,901Net Assets 2017: $811,7472017Assets 2018: $398,521Liabilities 2018: $258,010Net Assets 2018: $140,5112018Assets 2019: $348,632Liabilities 2019: $466,520Net Assets 2019: -$117,8882019

Highlighted filing

2019

Assets$348,632
Liabilities$466,520
Net Assets-$117,888

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $11,800Expenses 2013: $0Net Income 2013: $11,8002013Revenue 2014: $1,134,896Expenses 2014: $1,316,754Net Income 2014: -$181,8582014Revenue 2015: $1,639,466Expenses 2015: $1,502,861Net Income 2015: $136,6052015Revenue 2016: $2,462,618Expenses 2016: $1,992,392Net Income 2016: $470,2262016Revenue 2017: $3,081,596Expenses 2017: $2,706,479Net Income 2017: $375,1172017Revenue 2018: $2,351,475Expenses 2018: $3,022,711Net Income 2018: -$671,2362018Revenue 2019: $1,178,051Expenses 2019: $1,436,450Net Income 2019: -$258,3992019

Highlighted filing

2019

Revenue$1,178,051
Expenses$1,436,450
Net Income-$258,399

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 15, 2020
Return Version
2018v3.2
Gross Receipts
$1,196,677
Mission and Program Overview

Mission

To create a high-performing neighborhood school to serve the vibrant, diverse and rapidly developing south park/historic core community in downtown los angeles.

To create a high-performing neighborhood school to serve the vibrant, diverse and rapidly developing community in downtown los angeles.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$95,763$262,029▲ $166,266
Accounts Receivable$209,933$62,579▼ $147,354
Land, Buildings, and Equipment, Net$26,240--
Prepaid Expenses and Deferred Charges$31,585$8,024▼ $23,561
Total Assets$398,521$348,632▼ $49,889
Other Assets Total$35,000$16,000▼ $19,000
Liabilities
Accounts Payable and Accrued Expenses$258,010$466,520▲ $208,510
Total Liabilities$258,010$466,520▲ $208,510
Net Assets / Fund Balance
Temporarily Rstr Net Assets$30,000$0▼ $30,000
Unrestricted Net Assets$110,511$-117,888▼ $228,399
Total Net Assets Fund Balance$140,511$-117,888▼ $258,399
Total Liabilities and Net Assets / Fund Balance$398,521$348,632▼ $49,889
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kim ClerxPrincipalFT$122,400$27,640$150,040

Board Members and Trustees

NameTitle
Chinmaya MisraChair
Noel HyunCo-chair
Jessica LallMember
Zuzy RodriguezMember
Nella Mc OskerSecretary
Tim KarpTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,196,677
Program Service Revenue
$0
Investment Income
$-18,626
Other Revenue
$0
All Other Contributions
$31,207
Change in Net Assets
$-258,399

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,178,051
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,178,051
Total Revenue per Form 990
$1,178,051
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$781,870
Other Expenses$654,580
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$314,511$105,242-$419,753
Occupancy$179,400$43,214-$222,614
Payroll Taxes$181,443$8,111-$189,554
Fees for Services Other$138,040$40,533-$178,573
Current Officers, Directors, Trustees, and Key Employees$122,400--$122,400
Fees for Services Accounting-$91,606-$91,606
Other Employee Benefits$38,815$11,348-$50,163
All Other Expenses$9,386$7,781-$17,167
Insurance-$16,603-$16,603
Other Expenses$11,427$12,872-$11,427
Information Technology-$11,301-$11,301
Depreciation Depletion$7,614--$7,614
Office Expenses-$4,196-$4,196
Advertising-$1,988-$1,988
Travel-$493-$493
Total Functional Expenses$1,081,162$355,288$0$1,436,450

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,436,450
Total Expenses per Audited Statements$1,436,450
Total Expenses per Form 990$1,436,450
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The organization does not have a committee with authority to act on its behalf.

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

The return is provided to the board members prior to filing.

Form 990, Part VI, Section C, Line 19

Documents are available at the business office during normal business hours upon request

Filing and Contact Details

Filer

Filer Name
Metro Charter Elem School
EIN
46-0653428
Phone
2133775708
Address
11856 LA GRANGE AVE FL 2 NO 400, LOS ANGELES, CA 90025-5275

Signing Officer

Name
Tim Karp
Title
Treasurer
Phone
2133775708
Signed
2020-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Karp
Formed
2012
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
26
Volunteers
6

Preparer

Firm
Eide Bailly Llp
Address
10681 FOOTHILL BLVD STE 300, RANCHO CUCAMONGA, CA 91730-3831
Preparer
Catherine L Gray
Phone
9094664410
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consultants: program service expenses 138,040. Management and general expenses 40,533. Fundraising expenses 0. Total expenses 178,573.

Financial Statement Notes

PART X, LINE 2:

The organization has adopted financial accounting standards board (fasb) accounting standards codification(asc) topic 740, that clarifies the accounting for uncertainty in tax positions taken or expected to be taken on a tax return and provides that the tax effects from uncertain tax position can be recognized in the financial statements only if, based on its merits, the position is more likely than not to be sustained on audit by the taxing authorities. Management believes that all tax positions taken to date are highly certain, and, accordingly, no accounting adjustment has been made to the financial statements. Interest and penalties related to uncertain tax positions are recorded as part of income tax expense.

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IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ENROLLMENT PACKETS
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1CALIFORNIA PUBLIC SCHOOL NO FINANCIAL ASSISTANCE AWARDED
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2CALIFORNIA STATE APPORTIONMENT REVENUE BASED ON STUDENT ATTENDANCE
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0122400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt019927
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt07713
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KIM CLERX
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRINCIPAL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0150040
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON ITS BEHALF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN IS PROVIDED TO THE BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE AT THE BUSINESS OFFICE DURING NORMAL BUSINESS HOURS UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTANTS: PROGRAM SERVICE EXPENSES 138,040. MANAGEMENT AND GENERAL EXPENSES 40,533. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 178,573.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt030000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0398521
IRS990/TotalAssetsEOYAmt0348632
IRS990/TotalAssetsGrp/BOYAmt0398521
IRS990/TotalAssetsGrp/EOYAmt0348632
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt01196677
IRS990/TotalEmployeeCnt026
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0355288
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01081162
IRS990/TotalFunctionalExpensesGrp/TotalAmt01436450
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0258010
IRS990/TotalLiabilitiesEOYAmt0466520
IRS990/TotalLiabilitiesGrp/BOYAmt0258010
IRS990/TotalLiabilitiesGrp/EOYAmt0466520
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0140511
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-117888
IRS990/TotalOtherCompensationAmt027640
IRS990/TotalProgramServiceExpensesAmt01081162
IRS990/TotalReportableCompFromOrgAmt0122400
IRS990/TotalRevenueGrp/ExclusionAmt0-18626
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01178051
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0398521
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0348632
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0493
IRS990/TravelGrp/TotalAmt0493
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0110511
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-117888
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011856 LA GRANGE AVE FL 2 NO 400
IRS990/USAddress/CityNm0LOS ANGELES
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd0900255275
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.METROCHARTER.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TIM KARP
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02133775708
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0METRO CHARTER ELEM SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0METR
ReturnHeader/Filer/EIN0460653428
ReturnHeader/Filer/PhoneNum02133775708
ReturnHeader/Filer/USAddress/AddressLine1Txt011856 LA GRANGE AVE FL 2 NO 400
ReturnHeader/Filer/USAddress/CityNm0LOS ANGELES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd0900255275
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AFB01DE0CC74786AF10CDFE220491FAFB6575FF0
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.60.36.163

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