Civic Intelligence

Scarlet Foundation

990EZ • Fiscal year 2020 • EIN 47-2531750

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 25, 2021

17500 Burbank BlvdEncino, CA 91316

(818) 646-6061

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

35th percentile

-3.1%

Higher net margin than 35% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

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.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

31st percentile

-6.9%

Faster asset growth than 31% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

22nd percentile

-51%

Faster revenue growth than 22% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$77,877

Down $5,758 (-6.9%) from 2019

Net Assets

Down

$77,877

Down $5,758 (-6.9%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$187,324

Down $191,736 (-51%) from 2019

Expenses

Down

$193,085

Down $144,964 (-43%) from 2019

Net Income

Down

-$5,761

Down $46,772 (-114%) from 2019

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

2020

Assets$77,877
Liabilities$0
Net Assets$77,877

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

2020

Revenue$187,324
Expenses$193,085
Net Income-$5,761
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 25, 2021
Return Version
2019v5.1
Gross Receipts
$189,408
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.

SEE SCHEDULE O

Program Services

DescriptionGrantsExpenses
SCHOOL BUS PROGRAM - THE ORGANIZATION PURCHASED A BUS WHICH WAS USED TO TRANSPORT STUDENTS FROM A SHERMAN OAKS LOCATION TO THE SCHOOL IN SANTA CLARITA.$159,000-
SHADE PROJECT - THE ORGANIZATION PROVIDED SHADE STRUCTURES AND PLANTED TREES SO THAT THE KIDS CAN PLAY COMFORTABLY IN THE HEAT.$7,999-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KENCHY RAGSDALEPresidentPT$0--
MAEGAN PEARSONCo-VP Of ProgramsPT$0--
JESSE LEEDirector Of OperationsPT$0--
ANITA KORNICKTreasurerPT$0--
BRITTANY APPLENCTE LiaisonPT$0--
ANDREA NUNEZVP Of CommunicationsPT$0--
AMBER CAULCo-VP Of ProgramsPT$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
See Sched O$62,726$62,726$2,083$60,643
Total Events$62,726$62,726$2,083$60,643
Filing and Contact Details

Filer

Filer Name
Scarlet Foundation
EIN
47-2531750
Address
17500 BURBANK BLVD, ENCINO, CA 91316

Signing Officer

Name
Anita Kornick
Title
Treasurer
Phone
3109905015
Signed
2021-04-25
Discuss with paid preparer
Yes

Preparer

Firm
Payless Taxes
Address
PO BOX 55044, Valencia, CA 91385
Preparer
John Harvanchik
Phone
6615133225
Supplemental Narrative

Additional Explanations

General explanation attachment

The scarlet foundation is the parent organization that works to provide fundraising support to santa clarita valley international (a public charter school). The organization is made-up of volunteers, all with a common goal to ensure the best educational, intellectual and social experience for scvi learners. The organization assists the school in preparing the learners to be active, responsible and successful adults. The organization conducts a variety of fundraising events. The annual giving drive, clothing and merchandise sales, pizza friday, valentine grams, merchant incentive programs, restaurant nights, step-it-up walk-a-thon, a winter ball with an auction, and bake sales.

List of grants and similar amounts paid Part I line 10

Activity school bus program grantee santa clarita valley international street 28060 hasley canyon drive city, state, zip castaic, ca 91384amount 159,000activity shade program grantee santa clarita valley international street 28060 hasley canyon drive city, state, zip castaic, ca 91384amount 7,999

Description of other expenses Part I line 16

Description amountbank charges 26credit card processing fees 12,948insurance expense 3,652office expense 2,671taxes & licenses 3,428postage & delivery 22supplies 2,982miscellaneous 357

Raw XML Appendix170 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/OfficerDirectorTrusteeEmplGrp/PersonNm1MAEGAN PEARSON
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ANITA KORNICK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4BRITTANY APPLEN
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6AMBER CAUL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CO-VP OF PROGRAMS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR OF OPERATIONS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4CTE LIAISON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5VP OF COMMUNICATIONS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6CO-VP OF PROGRAMS
IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1SHADE PROJECT - THE ORGANIZATION PROVIDED SHADE STRUCTURES AND PLANTED TREES SO THAT THE KIDS CAN PLAY COMFORTABLY IN THE HEAT.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SCARLET FOUNDATION IS THE PARENT ORGANIZATION THAT WORKS TO PROVIDE FUNDRAISING SUPPORT TO SANTA CLARITA VALLEY INTERNATIONAL (A PUBLIC CHARTER SCHOOL). THE ORGANIZATION IS MADE-UP OF VOLUNTEERS, ALL WITH A COMMON GOAL TO ENSURE THE BEST EDUCATIONAL, INTELLECTUAL AND SOCIAL EXPERIENCE FOR SCVI LEARNERS. THE ORGANIZATION ASSISTS THE SCHOOL IN PREPARING THE LEARNERS TO BE ACTIVE, RESPONSIBLE AND SUCCESSFUL ADULTS. THE ORGANIZATION CONDUCTS A VARIETY OF FUNDRAISING EVENTS. THE ANNUAL GIVING DRIVE, CLOTHING AND MERCHANDISE SALES, PIZZA FRIDAY, VALENTINE GRAMS, MERCHANT INCENTIVE PROGRAMS, RESTAURANT NIGHTS, STEP-IT-UP WALK-A-THON, A WINTER BALL WITH AN AUCTION, AND BAKE SALES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY SCHOOL BUS PROGRAM GRANTEE SANTA CLARITA VALLEY INTERNATIONAL STREET 28060 HASLEY CANYON DRIVE CITY, STATE, ZIP CASTAIC, CA 91384AMOUNT 159,000ACTIVITY SHADE PROGRAM GRANTEE SANTA CLARITA VALLEY INTERNATIONAL STREET 28060 HASLEY CANYON DRIVE CITY, STATE, ZIP CASTAIC, CA 91384AMOUNT 7,999
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION AMOUNTBANK CHARGES 26CREDIT CARD PROCESSING FEES 12,948INSURANCE EXPENSE 3,652OFFICE EXPENSE 2,671TAXES & LICENSES 3,428POSTAGE & DELIVERY 22SUPPLIES 2,982MISCELLANEOUS 357
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0General explanation attachment
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1List of grants and similar amounts paid Part I line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other expenses Part I line 16
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
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ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-25
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ReturnHeader/Filer/BusinessNameControlTxt0SCAR
ReturnHeader/Filer/EIN0472531750
ReturnHeader/Filer/USAddress/AddressLine1Txt017500 BURBANK BLVD
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 55044
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
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ReturnHeader/PreparerPersonGrp/PhoneNum06615133225
ReturnHeader/PreparerPersonGrp/PreparationDt02021-04-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN HARVANCHIK
ReturnHeader/ReturnTs02021-04-25T18:09:41-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

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