Civic Intelligence

Valiente College Preparatory

990 • Fiscal year 2018 • EIN 46-5141601

Jul 01, 2017 to Jun 30, 2018 • Filed on May 10, 2019

8691 California AvenueSouth Gate, CA 90280

(323) 744-2107

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.32x

Higher debt load relative to assets than 72% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

61st percentile

0.17x

Higher debt load relative to revenue than 61% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

70th percentile

13%

Higher net margin than 70% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

71st percentile

$107,137

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 6.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

89th percentile

40%

Faster asset growth than 89% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

70th percentile

16%

Faster revenue growth than 70% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$939,475

Up $269,591 (+40%) from 2017

Net Assets

Up

$640,442

Up $233,951 (+58%) from 2017

Liabilities

Up

$299,033

Up $35,640 (+14%) from 2017

Revenue

Up

$1,784,234

Up $241,041 (+16%) from 2017

Expenses

Up

$1,550,283

Up $179,986 (+13%) from 2017

Net Income

Up

$233,951

Up $61,055 (+35%) from 2017

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $418,891Liabilities 2015: $316,324Net Assets 2015: $102,5672015Assets 2016: $597,145Liabilities 2016: $363,550Net Assets 2016: $233,5952016Assets 2017: $669,884Liabilities 2017: $263,393Net Assets 2017: $406,4912017Assets 2018: $939,475Liabilities 2018: $299,033Net Assets 2018: $640,4422018Assets 2019: $995,583Liabilities 2019: $253,581Net Assets 2019: $742,0022019Assets 2020: $1,453,508Liabilities 2020: $593,557Net Assets 2020: $859,9512020Assets 2021: $2,202,202Liabilities 2021: $515,638Net Assets 2021: $1,686,5642021Assets 2022: $2,247,165Liabilities 2022: $412,977Net Assets 2022: $1,834,1882022Assets 2023: $3,647,217Liabilities 2023: $1,301,998Net Assets 2023: $2,345,2192023Assets 2024: $2,844,010Liabilities 2024: $822,434Net Assets 2024: $2,021,5762024

Highlighted filing

2018

Assets$939,475
Liabilities$299,033
Net Assets$640,442

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $244,837Expenses 2015: $142,270Net Income 2015: $102,5672015Revenue 2016: $1,195,592Expenses 2016: $1,064,564Net Income 2016: $131,0282016Revenue 2017: $1,543,193Expenses 2017: $1,370,297Net Income 2017: $172,8962017Revenue 2018: $1,784,234Expenses 2018: $1,550,283Net Income 2018: $233,9512018Revenue 2019: $2,249,921Expenses 2019: $2,148,361Net Income 2019: $101,5602019Revenue 2020: $2,439,122Expenses 2020: $2,321,173Net Income 2020: $117,9492020Revenue 2021: $2,907,286Expenses 2021: $2,080,673Net Income 2021: $826,6132021Revenue 2022: $2,698,958Expenses 2022: $2,551,334Net Income 2022: $147,6242022Revenue 2023: $2,952,147Expenses 2023: $2,441,116Net Income 2023: $511,0312023Revenue 2024: $2,243,485Expenses 2024: $2,567,128Net Income 2024: -$323,6432024

Highlighted filing

2018

Revenue$1,784,234
Expenses$1,550,283
Net Income$233,951
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 10, 2019
Return Version
2017v2.3
Gross Receipts
$1,784,234
Mission and Program Overview

Mission

Valiente believes passionately that it must be a public community school that thrives to be unique with social, entrepreneurial, investigative, and holistically personalized opportunities for advancement for all of its stakeholders.

Valiente college preparatory is a public charter school serving students in southeast los angeles.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$435,373$731,857▲ $296,484
Accounts Receivable$145,798$156,446▲ $10,648
Prepaid Expenses and Deferred Charges$60,810$27,323▼ $33,487
Land, Buildings, and Equipment, Net$27,903$23,849▼ $4,054
Total Assets$669,884$939,475▲ $269,591
Liabilities
Unsecured Notes Loans Payable$200,002$150,004▼ $49,998
Accounts Payable and Accrued Expenses$59,599$149,029▲ $89,430
Deferred Revenue$3,792--
Total Liabilities$263,393$299,033▲ $35,640
Net Assets / Fund Balance
Unrestricted Net Assets$406,491$640,442▲ $233,951
Total Net Assets Fund Balance$406,491$640,442▲ $233,951
Total Liabilities and Net Assets / Fund Balance$669,884$939,475▲ $269,591

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$23,849$13,587$37,436
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Esther PerezExecutive DirectorFT$99,583$7,554$107,137

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,768,600
Program Service Revenue
$203
Investment Income
$0
Other Revenue
$15,431
All Other Contributions
$4,747
Change in Net Assets
$233,951

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,784,234
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,784,234
Total Revenue per Form 990
$1,784,234
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$957,420
Other Expenses$592,863
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$602,738$81,187-$683,925
Fees for Services Other$76,583$46,957-$123,540
Current Officers, Directors, Trustees, and Key Employees$103,835$14,159-$117,994
Occupancy$90,190--$90,190
Other Employee Benefits$72,200$9,736-$81,936
Fees for Services Accounting-$65,360-$65,360
Payroll Taxes$53,467$7,214-$60,681
Other Expenses$20,996--$20,996
Insurance-$14,192-$14,192
Pension Plan Contributions$11,356$1,528-$12,884
Fees for Services Management-$12,369-$12,369
Office Expenses-$12,078-$12,078
All Other Expenses$11,662--$11,662
Fees for Services Legal-$10,629-$10,629
Travel$10,036--$10,036
Depreciation Depletion$7,176--$7,176
Information Technology$5,228--$5,228
Advertising-$3,599-$3,599
Interest-$620-$620
Conferences and Meetings$520--$520
Total Functional Expenses$1,270,655$279,628$0$1,550,283

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,550,283
Total Expenses per Audited Statements$1,550,283
Total Expenses per Form 990$1,550,283
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
Annual disclosure for covered persons
Yes
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
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 A, Line 8B

There are no committees that have the authority to act on behalf of the governing body.

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

The return will be given to the board members prior to filing.

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

In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and member of committees considering the proposed transaction or arrangement. After disclosure of the financial interest and material facts, and after any discussion with the interested person, he/she shall leave the board of directors meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board members shall decide if a conflict of interest exists.

Form 990, Part VI, Section B, Line 15

The process includes all of these elements: 1) review and approval by the board of directors for the ceo, 2) use of data as to the comparable compensation, 3) contemporaneous documentation and recordkeeping.

Form 990, Part VI, Section C, Line 19

Required documents are available upon request at the business office during normal business hours.

Filing and Contact Details

Filer

Filer Name
Valiente College Preparatory
EIN
46-5141601
Phone
3237442107
Address
8691 CALIFORNIA AVENUE, SOUTH GATE, CA 90280

Signing Officer

Name
Esther Perez
Title
Executive Director
Phone
3237442107
Signed
2019-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Esther Perez
Formed
2014
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
25
Volunteers
9

Preparer

Firm
Cliftonlarsonallen Llp
Address
2210 EAST ROUTE 66, GLENDORA, CA 91740
Preparer
Wade Mcmullen
Phone
6268577300
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The school is a non-profit entity exempt from the payment of income taxes under internal revenue code section 501(c)(3) and california revenue and taxation code section 23701d. Accordingly, no provision has been made for income taxes. Management has determined that all income tax positions are more likely than not of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required. The school files informational returns in the u.s. Federal jurisdiction, and the state of california.

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IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0579186
IRS990/PYOtherRevenueAmt09220
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0172896
IRS990/PYSalariesCompEmpBnftPaidAmt0791111
IRS990/PYTotalExpensesAmt01370297
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01543193
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0233951
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt015634
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt023849
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013587
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt037436
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01550283
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01784234
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS A NON-PROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE SCHOOL FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION, AND THE STATE OF CALIFORNIA.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt023849
IRS990ScheduleD/TotalExpensesPerForm990Amt01550283
IRS990ScheduleD/TotalRevenuePerForm990Amt01784234
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01784234
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01550283
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
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/ExplanationTxt0RECRUITMENT FLYERS AND WEBSITE
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1CALIFORNIA PUBLIC CHARTER 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
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN WILL BE GIVEN TO THE BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBER OF COMMITTEES CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OF DIRECTORS MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS INCLUDES ALL OF THESE ELEMENTS: 1) REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS FOR THE CEO, 2) USE OF DATA AS TO THE COMPARABLE COMPENSATION, 3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REQUIRED DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE BUSINESS OFFICE DURING NORMAL BUSINESS HOURS.
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 B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0669884
IRS990/TotalAssetsEOYAmt0939475
IRS990/TotalAssetsGrp/BOYAmt0669884
IRS990/TotalAssetsGrp/EOYAmt0939475
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01768600
IRS990/TotalEmployeeCnt025
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0279628
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01270655
IRS990/TotalFunctionalExpensesGrp/TotalAmt01550283
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0263393
IRS990/TotalLiabilitiesEOYAmt0299033
IRS990/TotalLiabilitiesGrp/BOYAmt0263393
IRS990/TotalLiabilitiesGrp/EOYAmt0299033
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0406491
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0640442
IRS990/TotalOtherCompensationAmt07554
IRS990/TotalProgramServiceExpensesAmt01270655
IRS990/TotalProgramServiceRevenueAmt0203
IRS990/TotalReportableCompFromOrgAmt099583
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt015634
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01784234
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0669884
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0939475
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt010036
IRS990/TravelGrp/TotalAmt010036
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0406491
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0640442
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0200002
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0150004
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08691 CALIFORNIA AVENUE
IRS990/USAddress/CityNm0SOUTH GATE
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090280
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0HTTP://WWW.VALIENTECOLLEGEPREP.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ESTHER PEREZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03237442107
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VALIENTE COLLEGE PREPARATORY
ReturnHeader/Filer/BusinessNameControlTxt0VALI
ReturnHeader/Filer/EIN0465141601
ReturnHeader/Filer/PhoneNum03237442107
ReturnHeader/Filer/USAddress/AddressLine1Txt08691 CALIFORNIA AVENUE
ReturnHeader/Filer/USAddress/CityNm0SOUTH GATE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA

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