Civic Intelligence

Sfv Education

990 • Fiscal year 2017 • EIN 46-0813836

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 18, 2018

8928 B Sunland BlvdSun Valley, CA 91352

(818) 962-3630

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.02x

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

12.46x

Higher debt load relative to revenue than 97% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

19th percentile

-7.1%

Higher net margin than 19% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

14th percentile

$40,965

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

18th percentile

-3.5%

Faster asset growth than 18% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2016 to 2017

Assets

Down

$21,155,686

Down $760,516 (-3.5%) from 2016

Net Assets

Down

-$481,691

Down $623,983 (-439%) from 2016

Liabilities

Down

$21,637,377

Down $136,533 (-0.6%) from 2016

Revenue

Up

$1,737,000

Up $2,262,191 (+431%) from 2016

Expenses

Up

$1,860,983

Up $1,792,238 (+2607%) from 2016

Net Income

Up

-$123,983

Up $469,953 (+79%) from 2016

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0-$20MAssets 2013: $16,091,924Liabilities 2013: $15,173,722Net Assets 2013: $918,2022013Assets 2014: $14,980,898Liabilities 2014: $14,180,777Net Assets 2014: $800,1212014Assets 2015: $17,739,506Liabilities 2015: $17,003,278Net Assets 2015: $736,2282015Assets 2016: $21,916,202Liabilities 2016: $21,773,910Net Assets 2016: $142,2922016Assets 2017: $21,155,686Liabilities 2017: $21,637,377Net Assets 2017: -$481,6912017Assets 2018: $20,889,759Liabilities 2018: $21,509,844Net Assets 2018: -$620,0852018Assets 2019: $20,631,816Liabilities 2019: $21,363,980Net Assets 2019: -$732,1642019Assets 2020: $30,992,311Liabilities 2020: $28,271,855Net Assets 2020: $2,720,4562020Assets 2021: $48,438,268Liabilities 2021: $46,372,446Net Assets 2021: $2,065,8222021Assets 2022: $43,706,836Liabilities 2022: $42,085,279Net Assets 2022: $1,621,5572022Assets 2023: $42,212,189Liabilities 2023: $41,041,790Net Assets 2023: $1,170,3992023Assets 2024: $40,694,103Liabilities 2024: $37,719,087Net Assets 2024: $2,975,0162024

Highlighted filing

2017

Assets$21,155,686
Liabilities$21,637,377
Net Assets-$481,691

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $680,426Expenses 2013: $262,224Net Income 2013: $418,2022013Revenue 2014: -$111,344Expenses 2014: $6,737Net Income 2014: -$118,0812014Revenue 2015: -$24,125Expenses 2015: $39,768Net Income 2015: -$63,8932015Revenue 2016: -$525,191Expenses 2016: $68,745Net Income 2016: -$593,9362016Revenue 2017: $1,737,000Expenses 2017: $1,860,983Net Income 2017: -$123,9832017Revenue 2018: $1,776,402Expenses 2018: $1,914,796Net Income 2018: -$138,3942018Revenue 2019: $1,837,878Expenses 2019: $1,949,957Net Income 2019: -$112,0792019Revenue 2020: $5,598,155Expenses 2020: $2,145,535Net Income 2020: $3,452,6202020Revenue 2021: $2,219,585Expenses 2021: $2,874,219Net Income 2021: -$654,6342021Revenue 2022: $2,341,270Expenses 2022: $3,091,690Net Income 2022: -$750,4202022Revenue 2023: $2,454,405Expenses 2023: $2,905,563Net Income 2023: -$451,1582023Revenue 2024: $3,417,766Expenses 2024: $2,761,711Net Income 2024: $656,0552024

Highlighted filing

2017

Revenue$1,737,000
Expenses$1,860,983
Net Income-$123,983
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 18, 2018
Return Version
2016v3.0
Gross Receipts
$1,737,000
Mission and Program Overview

Mission

This corporation is organized, and shall be operated, exclusively for the benefit of, to perform the functions of, and to carry out the purposes of fenton public charter schools, a california non profit.

This corporations activities are exclusively for the benefit of fenton public charter schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$19,949,378$19,442,724▼ $506,654
Cash and Non-Interest-Bearing Accounts$1,396,234$1,660,854▲ $264,620
Savings and Temporary Cash Investments$500,000--
Prepaid Expenses and Deferred Charges$65,919$43,943▼ $21,976
Accounts Receivable$4,671$8,165▲ $3,494
Total Assets$21,916,202$21,155,686▼ $760,516
Liabilities
Mortgage Notes Payable Secured by Investment Property$19,753,143$19,574,192▼ $178,951
Other Liabilities$1,953,700$1,996,195▲ $42,495
Accounts Payable and Accrued Expenses$67,067$66,990▼ $77
Total Liabilities$21,773,910$21,637,377▼ $136,533
Net Assets / Fund Balance
Unrestricted Net Assets$142,292$-481,691▼ $623,983
Total Net Assets Fund Balance$142,292$-481,691▼ $623,983
Total Liabilities and Net Assets / Fund Balance$21,916,202$21,155,686▼ $760,516

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$18,270,614$1,488,896$19,759,510
Land$1,172,110-$1,172,110
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Irene SumidaSecretaryPT$40,965$40,965

Board Members and Trustees

NameTitle
Joe LucentePresident
Paul KhouryTreasurer/CFO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,737,000
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-123,983

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,737,000
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,737,000
Total Revenue per Form 990
$1,737,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,860,983
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest-$910,842-$910,842
Depreciation Depletion$506,654--$506,654
Occupancy$429,000--$429,000
Fees for Services Accounting-$3,950-$3,950
Fees for Services Management-$3,900-$3,900
Other Expenses-$1,744-$1,744
Office Expenses-$40-$40
Total Functional Expenses$935,654$925,329$0$1,860,983

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,860,983
Total Expenses per Audited Statements$1,860,983
Total Expenses per Form 990$1,860,983
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Entity$1,918,195
Deferred Rent$78,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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 B, Line 11B

The tax form 990 is presented to the board for review and approval.

Form 990, Part VI, Section C, Line 19

The documents are posted on fenton charter public schools' website.

Filing and Contact Details

Filer

Filer Name
Sfv Education
EIN
46-0813836
Phone
8189623630
Address
8928 B SUNLAND BLVD, SUN VALLEY, CA 91352

Signing Officer

Name
Irene Sumida
Title
Secretary
Phone
8189623630
Signed
2018-01-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Irene Sumida
Formed
2012
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
3

Preparer

Firm
Cliftonlarsonallen Llp
Address
2210 EAST ROUTE 66, GLENDORA, CA 91740
Preparer
Derrick Debruyne CPA
Phone
6268577300
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization follows provisions of uncertain tax positions as addressed in asc 958. The organization recognizes accrued interest and penalties associated with uncertain tax positions as part of the income tax provision, when applicable. There are no amounts accrued in the financial statements related to uncertain tax positions for the year ended june 30, 2017.

Raw XML Appendix395 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FOLLOWS PROVISIONS OF UNCERTAIN TAX POSITIONS AS ADDRESSED IN ASC 958. THE ORGANIZATION RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS AS PART OF THE INCOME TAX PROVISION, WHEN APPLICABLE. THERE ARE NO AMOUNTS ACCRUED IN THE FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX FORM 990 IS PRESENTED TO THE BOARD FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DOCUMENTS ARE POSTED ON FENTON CHARTER PUBLIC SCHOOLS' WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1SFV 11351 DRONFIELD LLC
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ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0IRENE SUMIDA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum08189623630
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-01-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SFV EDUCATION
ReturnHeader/Filer/BusinessNameControlTxt0SFVE
ReturnHeader/Filer/EIN0460813836
ReturnHeader/Filer/PhoneNum08189623630
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ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm009:58:39
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02210 EAST ROUTE 66
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLENDORA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091740
ReturnHeader/PreparerPersonGrp/PhoneNum06268577300
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DERRICK DEBRUYNE CPA
ReturnHeader/ReturnTs02018-05-03T11:59:22-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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