Civic Intelligence

Scarlet Foundation

990EZ • Fiscal year 2018 • EIN 47-2531750

Jul 01, 2017 to Jun 30, 2018 • Filed on Sep 23, 2019

28060 Hasley Canyon RoadCastaic, CA 91384

(818) 646-6061

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

7th percentile

-59%

Higher net margin than 7% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

8th percentile

-54%

Faster asset growth than 8% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

31st percentile

-13%

Faster revenue growth than 31% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$42,624

Down $50,362 (-54%) from 2017

Net Assets

Down

$42,624

Down $50,362 (-54%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Down

$85,362

Down $12,403 (-13%) from 2017

Expenses

Up

$135,724

Up $31,402 (+30%) from 2017

Net Income

Down

-$50,362

Down $43,805 (-668%) from 2017

Historical Trend

Balance Sheet Trend

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

$100K$50K$0Assets 2015: $40,427Liabilities 2015: $0Net Assets 2015: $40,4272015Assets 2016: $38,038Liabilities 2016: $02016Assets 2017: $92,986Liabilities 2017: $0Net Assets 2017: $92,9862017Assets 2018: $42,624Liabilities 2018: $0Net Assets 2018: $42,6242018Assets 2019: $83,635Liabilities 2019: $0Net Assets 2019: $83,6352019Assets 2020: $77,877Liabilities 2020: $0Net Assets 2020: $77,8772020Assets 2021: $10,436Liabilities 2021: $0Net Assets 2021: $10,4362021

Highlighted filing

2018

Assets$42,624
Liabilities$0
Net Assets$42,624

Operations Trend

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

$400K$200K$0-$200KRevenue 2015: $66,552Expenses 2015: $26,125Net Income 2015: $40,4272015Revenue 2016: $66,552Expenses 2016: $28,514Net Income 2016: $38,0382016Revenue 2017: $97,765Expenses 2017: $104,322Net Income 2017: -$6,5572017Revenue 2018: $85,362Expenses 2018: $135,724Net Income 2018: -$50,3622018Revenue 2019: $379,060Expenses 2019: $338,049Net Income 2019: $41,0112019Revenue 2020: $187,324Expenses 2020: $193,085Net Income 2020: -$5,7612020Revenue 2021: $11,936Expenses 2021: $79,377Net Income 2021: -$67,4412021

Highlighted filing

2018

Revenue$85,362
Expenses$135,724
Net Income-$50,362
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Sep 23, 2019
Return Version
2017v2.2
Gross Receipts
$85,362
Mission and Program Overview

Mission

The mission of Scarlet Foundation is to ensure that the learners of iLead Encino have the best educational experience possible.We work toward that goal by partnering with the administrators, facilitators and families of iLEAD Encino to develop and support programs, events and community-building activities that go above and beyond the school's traditional resources. All of this is made possible through the coordinated efforts of volunteers drawn from the iLEAD Encino community and through fundraising initiatives such as an annual giving campaign, community sponsorships and special events.

Program Services

DescriptionGrantsExpenses
Organized for Charitable and Public purposes to raised funds and support programs that enhance Ilead Encino School--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KENNETH ELLWOD RAGSDALE IIIPresident-$0--
JESSE LEETreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Scarlet Foundation
EIN
47-2531750
Phone
8186466061
Address
28060 HASLEY CANYON ROAD, CASTAIC, CA 91384

Signing Officer

Name
Jesse Lee
Title
Treasurer
Signed
2019-09-23
Discuss with paid preparer
Yes

Preparer

Firm
Accuretta Inc
Address
5900 Sepulveda Blvd Ste 435, Sherman Oaks, CA 91411-2511
Preparer
Brenda Kommareddy CPA
Phone
8187821080
Supplemental Narrative

Additional Explanations

Other Expenses.1002

Office Expenses $2139

Other Expenses.1012

Insurance $3524

Other Expenses.1

DONATIONS $55374

Other Expenses.2

PROGRAM $48258

Other Expenses.3

JOB SUPPLIES $19649

Other Expenses.4

Credit card processing fees $5454

Other Expenses.5

TAXES $805

Other Expenses.6

Fund raising expenses $508

Other Expenses.8

DUES & SUBSCRIPTIONS $3

Raw XML Appendix132 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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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SHERMAN OAKS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance $3524
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DONATIONS $55374
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROGRAM $48258
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4JOB SUPPLIES $19649
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ReturnHeader/Filer/PhoneNum08186466061
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ReturnHeader/ReturnTs02019-09-23T09:33:42-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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Filings