Civic Intelligence

Innovate Public Schools

990 • Fiscal year 2015 • EIN 46-2155826

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 10, 2016

1400 Parkmoor Ave No 240San Jose, CA 95126

(650) 562-6200

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.06x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

38th percentile

0.06x

Higher debt load relative to revenue than 38% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

87th percentile

36%

Higher net margin than 87% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

96th percentile

$360,150

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

93rd percentile

67%

Faster asset growth than 93% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

95th percentile

131%

Faster revenue growth than 95% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$3,834,559

Up $1,544,231 (+67%) from 2014

Net Assets

Up

$3,603,680

Up $1,438,026 (+66%) from 2014

Liabilities

Up

$230,879

Up $106,205 (+85%) from 2014

Revenue

Up

$4,049,027

Up $2,295,722 (+131%) from 2014

Expenses

Up

$2,611,001

Up $1,116,439 (+75%) from 2014

Net Income

Up

$1,438,026

Up $1,179,283 (+456%) from 2014

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2013: $1,952,618Liabilities 2013: $45,707Net Assets 2013: $1,906,9112013Assets 2014: $2,290,328Liabilities 2014: $124,674Net Assets 2014: $2,165,6542014Assets 2015: $3,834,559Liabilities 2015: $230,879Net Assets 2015: $3,603,6802015Assets 2016: $6,216,588Liabilities 2016: $526,544Net Assets 2016: $5,690,0442016Assets 2017: $6,909,690Liabilities 2017: $708,395Net Assets 2017: $6,201,2952017Assets 2018: $7,304,230Liabilities 2018: $425,438Net Assets 2018: $6,878,7922018Assets 2019: $6,449,581Liabilities 2019: $398,628Net Assets 2019: $6,050,9532019Assets 2020: $8,504,028Liabilities 2020: $1,157,988Net Assets 2020: $7,346,0402020Assets 2021: $10,096,835Liabilities 2021: $1,452,536Net Assets 2021: $8,644,2992021Assets 2022: $9,500,964Liabilities 2022: $591,852Net Assets 2022: $8,909,1122022Assets 2023: $8,687,484Liabilities 2023: $381,802Net Assets 2023: $8,305,6822023Assets 2024: $6,429,725Liabilities 2024: $465,423Net Assets 2024: $5,964,3022024

Highlighted filing

2015

Assets$3,834,559
Liabilities$230,879
Net Assets$3,603,680

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2013: $2,634,746Expenses 2013: $727,862Net Income 2013: $1,906,8842013Revenue 2014: $1,753,305Expenses 2014: $1,494,562Net Income 2014: $258,7432014Revenue 2015: $4,049,027Expenses 2015: $2,611,001Net Income 2015: $1,438,0262015Revenue 2016: $6,202,200Expenses 2016: $4,114,409Net Income 2016: $2,087,7912016Revenue 2017: $6,383,667Expenses 2017: $5,872,708Net Income 2017: $510,9592017Revenue 2018: $7,722,273Expenses 2018: $7,044,776Net Income 2018: $677,4972018Revenue 2019: $2,745,607Expenses 2019: $3,573,446Net Income 2019: -$827,8392019Revenue 2020: $7,990,134Expenses 2020: $6,695,047Net Income 2020: $1,295,0872020Revenue 2021: $9,088,776Expenses 2021: $7,790,517Net Income 2021: $1,298,2592021Revenue 2022: $7,956,314Expenses 2022: $7,691,501Net Income 2022: $264,8132022Revenue 2023: $6,940,086Expenses 2023: $7,565,819Net Income 2023: -$625,7332023Revenue 2024: $3,685,203Expenses 2024: $6,030,648Net Income 2024: -$2,345,4452024

Highlighted filing

2015

Revenue$4,049,027
Expenses$2,611,001
Net Income$1,438,026
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 10, 2016
Return Version
2015v2.1
Gross Receipts
$4,554,224
Mission and Program Overview

Mission

Build the parent and community demand for world-class public schools, and to accelerate the growth of these schools, particularly for low-income students, students of colors, and students with special needs.

build the parent and community demand for world-class public schools, and to accelerate the growth of these schools, particularly for low-income students and students of color.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$3,436,564-
Investments Other Securities$2,037,911--
Accounts Receivable$50,000$125,025▲ $75,025
Pledges and Grants Receivable$200,000$50,000▼ $150,000
Land, Buildings, and Equipment, Net$0$44,982▲ $44,982
Prepaid Expenses and Deferred Charges$945$26,515▲ $25,570
Total Assets$2,290,328$3,834,559▲ $1,544,231
Other Assets Total$1,472$151,473▲ $150,001
Liabilities
Accounts Payable and Accrued Expenses$124,674$203,879▲ $79,205
Deferred Revenue-$27,000-
Total Liabilities$124,674$230,879▲ $106,205
Net Assets / Fund Balance
Unrestricted Net Assets$1,266,391$3,318,054▲ $2,051,663
Temporarily Rstr Net Assets$899,263$285,626▼ $613,637
Total Net Assets Fund Balance$2,165,654$3,603,680▲ $1,438,026
Total Liabilities and Net Assets / Fund Balance$2,290,328$3,834,559▲ $1,544,231

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$44,982$3,351$48,333
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matthew Hammerboard member/CEOFT$209,671$13,823$223,494
Sarah Rogers TuckerSenior Mgr of Leadership and DevelopmentFT$133,163$9,770$142,933
Jason ScharpfDirector of Finance and OperationsFT$121,700$16,722$138,422
Jose ArenasManaging Director, OrganizingFT$127,344$9,544$136,888
Annalise RoyManaging Dir., Schools and OperationsFT$119,052$13,621$132,673
Sierra JenkinsDirector of Development and CommunicationsFT$122,416$6,023$128,439

Board Members and Trustees

NameTitle
Alicia GallegosBoard chair
Samuel Johnson Jr - to Sep 2015board chair
Eric Scrogginsboard member
Marc Tarpenningboard member
Marshall Tuckboard member
Orlando Cardonaboard member
Alex CortezBoard secretary
Emmett D Carson - to May 2015board treasurer
Greg GalloBoard treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,903,623
Program Service Revenue
$134,175
Investment Income
$6,727
Other Revenue
$4,502
All Other Contributions
$3,903,623
Change in Net Assets
$1,438,026

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$505,197market price
Total Noncash Contributions1$505,197-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,047,326
Revenue Not Reported on Financial Statements
$1,701
Revenue Not Reported on Form 990
$47,198
Other Revenue Adjustments
$1,701
Total Revenue per Audited Statements
$4,094,524
Total Revenue per Form 990
$4,049,027
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,716,072
Other Expenses$664,929
Grants and Similar Amounts Paid$230,000
Total Fundraising Expense$136,100
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$923,290$89,469$71,679$1,084,438
Current Officers, Directors, Trustees, and Key Employees$185,247$143,145$33,524$361,916
Fees for Services Other$233,093$44,930$5,510$283,533
Grants to Domestic Orgs$230,000--$230,000
Payroll Taxes$94,302$17,748$8,477$120,527
Other Employee Benefits$86,171$13,070$6,068$105,309
Office Expenses$44,809$56,510$625$101,944
Conferences and Meetings$65,315$5,610$558$71,483
Travel$58,492$3,755$5,057$67,304
Fees for Services Management$13,013$34,133$797$47,943
Pension Plan Contributions$34,658$6,954$2,270$43,882
Other Expenses$13,392$12,937$169$26,498
Fees for Services Accounting$9,974$15,824$615$26,413
Insurance$5,356$9,253$331$14,940
Occupancy$8,736$1,368$420$10,524
Fees for Services Legal-$9,295-$9,295
Depreciation Depletion$2,924$427-$3,351
Fees for Service Investment Mgmnt Fees-$1,701-$1,701
Total Functional Expenses$2,008,772$466,129$136,100$2,611,001

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,656,498
Total Expenses per Form 990$2,611,001
Expenses per Audited Statements$2,609,300
Expenses Not Reported on Form 990$47,198
Expenses Not Reported on Financial Statements$1,701
Other Expense Adjustments$1,701
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
GreatSchools IncOakland, CA501(c)(3)Funding for a two-year partnership project with GreatSchools (GS) to build out the bilingual, mobile-friendly GS Bay Area platform which will be a part of the GS website, providing enriched content and other information for parents across the Bay Area.$230,000
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 4

The organization was previously classified as a Type I supporting organization under Code Section 509(a)(3), based on its governance relationship with Silicon Valley Community Foundation ("SVCF"). During the year, this corporation applied to the Internal Revenue Service ("IRS") for, and was granted reclassificiation as an organization exempt from federal income tax under Code Section 501(c)(3) and further classified as a publicly supported charity under Code Sections 509(a)(1) and 170(b)(1)(A)(vi). The organization amended its Bylaws to remove the governance links to SVCF, consistent with its change in tax status.

Form 990, Part VI, Section B, line 11

The Form 990 is placed on a secured website or sent by email for the governing body to review and comment. Review is verified by email.

Form 990, Part VI, Section B, line 12C

Annually key employees are required to read and acknowledge that they have read the Conflicts of Interest policy.

Form 990, Part VI, Section B, line 15A

the Board of Directors discussed and approved the CEO's salary.

Form 990, Part VI, Section C, line 19

The financial statements and governing/organizational documents are provided in the office, on a CD, or through email upon request. The conflict of interest policy is not made available to the public.

Filing and Contact Details

Filer

Filer Name
Innovate Public Schools
EIN
46-2155826
Phone
6505626200
Address
1400 Parkmoor Ave No 240, San Jose, CA 95126

Signing Officer

Name
Matthew Hammer
Title
CEO
Phone
6505626200
Signed
2016-10-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Hammer
Formed
2013
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
7
Employees
18
Volunteers
9

Preparer

Firm
Armanino LLP
Address
50 W San Fernando St Ste 500, San Jose, CA 95113
Preparer
Lawrence S Kuechler
Phone
4082006400
Supplemental Narrative

Additional Explanations

Form 990, Part III, line 2

Innovate started its GreatSchools partnership in 2015.

Form 990, Part III, line 3

From 2013 through May 31, 2015, the Organization was a supporting organization of Silicon Valley Community Foundation (the "Community Foundation"). Effective June 1, 2015, the Organization was spun out of the Community Foundation and support services from the Community Foundation ceased.

Form 990, Part IX, line 11G

HR service: Program service expenses 0. Management and general expenses 1,693. Fundraising expenses 0. Total expenses 1,693. contract services: Program service expenses 233,093. Management and general expenses 43,237. Fundraising expenses 5,510. Total expenses 281,840.

Financial Statement Notes

Part X, Line 2:

Accounting principles generally accepted in the United States of America provide accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by the Organization in its federal and state exempt organization tax returns are more-likelythan- not to be sustained upon examination. The Organization files information returns in the U.S. federal jurisdiction and state of California. The Organization's federal returns for the years ended June 30, 2013 and beyond remain subject to possible examination by the Internal Revenue Service, generally for 3 years after they are filed. The Organization's California returns of the tax years ended June 30, 2013 and beyond remain subject to possible examination by the Franchise Tax Board, generally for 4 years after they are filed.

Part XI, Line 4B - Other Adjustments:

investment management fee 1,701.

Part XII, Line 4B - Other Adjustments:

investment management fee 1,701.

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IRS990/Desc0Research and Policy - Produce and publish actionable research and data on school quality, designed to encourage and leverage public school improvement, particularly for low-income students. Through public events, workshops, and online resources, the Organization works to get this research and data into the hands of parents, public officials, business leaders, school leaders, and local education advocates. In 2015, THE ORGANIZATION LAUNCHED A MULTI-YEAR PARTNERSHIP WITH THE NONPROFIT SCHOOL WEBSITE, GREATSCHOOLS, PROVIDING PARENTS EASY-TO-UNDERSTAND DATA ABOUT HOW SCHOOLS IN THEIR COMMUNITY ARE DOING AND WAYS TO TAKE ACTION (SEE WWW.GREATSCHOOLS.ORG/BAYAREA).
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IRS990/Form990PartVIISectionAGrp/PersonNm0Alicia Gallegos
IRS990/Form990PartVIISectionAGrp/PersonNm1Greg Gallo
IRS990/Form990PartVIISectionAGrp/PersonNm2Alex Cortez
IRS990/Form990PartVIISectionAGrp/PersonNm3Marshall Tuck
IRS990/Form990PartVIISectionAGrp/PersonNm4Marc Tarpenning
IRS990/Form990PartVIISectionAGrp/PersonNm5Orlando Cardona
IRS990/Form990PartVIISectionAGrp/PersonNm6Eric Scroggins
IRS990/Form990PartVIISectionAGrp/PersonNm7Matthew Hammer
IRS990/Form990PartVIISectionAGrp/PersonNm8Emmett D Carson - to May 2015
IRS990/Form990PartVIISectionAGrp/PersonNm9Samuel Johnson Jr - to Sep 2015
IRS990/Form990PartVIISectionAGrp/PersonNm10Jason Scharpf
IRS990/Form990PartVIISectionAGrp/PersonNm11Sarah Rogers Tucker
IRS990/Form990PartVIISectionAGrp/PersonNm12Jose Arenas
IRS990/Form990PartVIISectionAGrp/PersonNm13Sierra Jenkins
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0Board chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3board member
IRS990/Form990PartVIISectionAGrp/TitleTxt4board member
IRS990/Form990PartVIISectionAGrp/TitleTxt5board member
IRS990/Form990PartVIISectionAGrp/TitleTxt6board member
IRS990/Form990PartVIISectionAGrp/TitleTxt7board member/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt8board treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt9board chair
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director of Finance and Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt11Senior Mgr of Leadership and Development
IRS990/Form990PartVIISectionAGrp/TitleTxt12Managing Director, Organizing
IRS990/Form990PartVIISectionAGrp/TitleTxt13Dir. of Development and Communications
IRS990/Form990PartVIISectionAGrp/TitleTxt14Managing Dir., Schools and Operations
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02013
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IRS990/GrantsToOrganizationsInd01
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Innovate Public Schools is a nonprofit organization whose mission is to build the parent and community demand for world-class public schools, and to accelerate the growth of these schools, particularly for low-income students and students of color. See Schedule O.The organization publishes easy-to-understand school quality data and research that highlights both problems and solutions, and it builds the capacity of parents, community leaders and educators to innovate and act together to create world-class public schools.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/OtherExpensesGrp/ProgramServicesAmt013392
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IRS990/OtherRevenueTotalAmt04502
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt071679
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt089469
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0923290
IRS990/OtherSalariesAndWagesGrp/TotalAmt01084438
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt08477
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt017748
IRS990/PayrollTaxesGrp/ProgramServicesAmt094302
IRS990/PayrollTaxesGrp/TotalAmt0120527
IRS990/PensionPlanContributionsGrp/FundraisingAmt02270
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06954
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt034658
IRS990/PensionPlanContributionsGrp/TotalAmt043882
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0200000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt050000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0945
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt026515
IRS990/PrincipalOfficerNm0Matthew Hammer
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0contract revenue
IRS990/ProgramServiceRevenueGrp/Desc1conference fees
IRS990/ProgramServiceRevenueGrp/Desc2fellowship fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt097500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt119175
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt217500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt097500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt119175
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt217500
IRS990/ProgSrvcAccomActy2Grp/Desc0New Schools - Accelerate the growth of new high quality public schools - both charter and district schools. The Organization is focused on the creation of new public schools - both district and charter schools - which is a proven strategy in this region for creating high-performing schools for low-income children. They also support school teams to redesign persistently underperforming public schools.Innovate Public Schools launched the Start-up Schools Fellowship in Fall 2013, their flagship program to prepare districts and charter school networks to successfully start excellent new public schools. Their fellowship provides a holistic set of supports tailored to the needs of each organization.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0668779
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0138677
IRS990/ProgSrvcAccomActy3Grp/Desc0Organizing - Organize parents to effectively drive change. Parents have a unique and critical role in improving public schools. Innovate Public Schools supports parents across the region to build organizations in their communities that can successfully push for better schools and hold the system accountable to the needs of their children.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0521319
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01569334
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02471
IRS990/PYOtherExpensesAmt0518209
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0181500
IRS990/PYRevenuesLessExpensesAmt0258743
IRS990/PYSalariesCompEmpBnftPaidAmt0976353
IRS990/PYTotalExpensesAmt01494562
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01753305
IRS990/QuidProQuoContributionsInd00
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IRS990/ReconcilationRevenueExpnssAmt01438026
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IRS990/ReportOtherLiabilitiesInd00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt03436564
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0From 2013 through May 31, 2015, the Organization was a supporting organization of Silicon Valley Community Foundation (the "Community Foundation"). Effective June 1, 2015, the Organization was spun out of the Community Foundation and support services from the Community Foundation ceased.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part I line 7
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02599026
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt06154
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08071983
IRS990ScheduleA/TotalSupportAmt08082872
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt047198
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt03351
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt048333
IRS990ScheduleD/ExpensesNotReportedAmt047198
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01701
IRS990ScheduleD/ExpensesSubtotalAmt02609300
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesNotIncludedAmt01701
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01701
IRS990ScheduleD/RevenueNotReportedAmt047198
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01701
IRS990ScheduleD/RevenueSubtotalAmt04047326
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Accounting principles generally accepted in the United States of America provide accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by the Organization in its federal and state exempt organization tax returns are more-likelythan- not to be sustained upon examination. The Organization files information returns in the U.S. federal jurisdiction and state of California. The Organization's federal returns for the years ended June 30, 2013 and beyond remain subject to possible examination by the Internal Revenue Service, generally for 3 years after they are filed. The Organization's California returns of the tax years ended June 30, 2013 and beyond remain subject to possible examination by the Franchise Tax Board, generally for 4 years after they are filed.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1investment management fee 1,701.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2investment management fee 1,701.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.43$0.47$5.96$3.69$6.03$2.35
2023Summary only. Only limited summary data is available for this year.$8.69$0.38$8.31$6.94$7.57$0.63
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.50$0.59$8.91$7.96$7.69$0.26
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.1$1.45$8.64$9.09$7.79$1.30
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.50$1.16$7.35$7.99$6.70$1.30
2019Summary only. Only limited summary data is available for this year.$6.45$0.40$6.05$2.75$3.57$0.83
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.30$0.43$6.88$7.72$7.04$0.68
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.91$0.71$6.20$6.38$5.87$0.51
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.22$0.53$5.69$6.20$4.11$2.09
2015Detailed filing. Detailed filing data is available for this year.$3.83$0.23$3.60$4.05$2.61$1.44
2014Summary only. Only limited summary data is available for this year.$2.29$0.12$2.17$1.75$1.49$0.26
2013Summary only. Only limited summary data is available for this year.$1.95$0.05$1.91$2.63$0.73$1.91