Civic Intelligence

Center for Venture Education Inc.

990 • Fiscal year 2018 • EIN 48-1249429

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 15, 2019

Organization ProfileWWW.KAUFFMANFELLOWS.ORG

View Organization Page

855 El Camino Real Building 1 No 12Palo Alto, CA 94301

(650) 561-7047

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.19x

Higher debt load relative to assets than 43% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

78th percentile

1.07x

Higher debt load relative to revenue than 78% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

70th percentile

13%

Higher net margin than 70% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

67th percentile

$330,340

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 6.9% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

95th percentile

58%

Faster asset growth than 95% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

37th percentile

1.2%

Faster revenue growth than 37% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Up

$27,388,908

Up $10,091,214 (+58%) from 2017

Net Assets

Up

$22,279,120

Up $8,999,186 (+68%) from 2017

Liabilities

Up

$5,109,788

Up $1,092,028 (+27%) from 2017

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin70th percentile

Revenue

Up

$4,755,796

Up $57,443 (+1.2%) from 2017

Expenses

Up

$4,135,024

Up $349,613 (+9.2%) from 2017

Net Income

Down

$620,772

Down $292,170 (-32%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$150M$100M$50M$0-$50MAssets 2011: $1,331,989Liabilities 2011: $1,426,326Net Assets 2011: -$94,3372011Assets 2012: $2,491,076Liabilities 2012: $2,165,472Net Assets 2012: $325,6042012Assets 2013: $3,288,139Liabilities 2013: $2,018,130Net Assets 2013: $1,270,0092013Assets 2014: $9,123,401Liabilities 2014: $2,956,190Net Assets 2014: $6,167,2112014Assets 2015: $13,923,993Liabilities 2015: $3,672,537Net Assets 2015: $10,251,4562015Assets 2016: $15,840,615Liabilities 2016: $4,337,794Net Assets 2016: $11,502,8212016Assets 2017: $17,297,694Liabilities 2017: $4,017,760Net Assets 2017: $13,279,9342017Assets 2018: $27,388,908Liabilities 2018: $5,109,788Net Assets 2018: $22,279,1202018Assets 2019: $39,550,631Liabilities 2019: $5,188,862Net Assets 2019: $34,361,7692019Assets 2020: $49,656,895Liabilities 2020: $7,017,750Net Assets 2020: $42,639,1452020Assets 2021: $106,820,676Liabilities 2021: $7,700,464Net Assets 2021: $99,120,2122021Assets 2022: $109,013,402Liabilities 2022: $5,735,222Net Assets 2022: $103,278,1802022Assets 2023: $101,920,529Liabilities 2023: $5,181,748Net Assets 2023: $96,738,7812023Assets 2024: $109,210,677Liabilities 2024: $4,856,138Net Assets 2024: $104,354,5392024

Highlighted filing

2018

Assets$27,388,908
Liabilities$5,109,788
Net Assets$22,279,120
Open 2018 Filing

Operations Trend

Revenue Growth37th percentile

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

$10M$5.0M$0-$5.0MRevenue 2011: $1,707,297Expenses 2011: $1,744,903Net Income 2011: -$37,6062011Revenue 2012: $2,095,459Expenses 2012: $2,081,784Net Income 2012: $13,6752012Expenses 2013: $2,448,3072013Revenue 2014: $2,936,566Expenses 2014: $2,897,835Net Income 2014: $38,7312014Revenue 2015: $3,528,223Expenses 2015: $3,292,285Net Income 2015: $235,9382015Revenue 2016: $4,963,670Expenses 2016: $3,949,331Net Income 2016: $1,014,3392016Revenue 2017: $4,698,353Expenses 2017: $3,785,411Net Income 2017: $912,9422017Revenue 2018: $4,755,796Expenses 2018: $4,135,024Net Income 2018: $620,7722018Revenue 2019: $4,324,263Expenses 2019: $3,733,471Net Income 2019: $590,7922019Revenue 2020: $3,757,404Expenses 2020: $4,201,721Net Income 2020: -$444,3172020Revenue 2021: $4,487,131Expenses 2021: $3,140,215Net Income 2021: $1,346,9162021Revenue 2022: $8,050,151Expenses 2022: $6,685,682Net Income 2022: $1,364,4692022Revenue 2023: $5,976,256Expenses 2023: $5,768,804Net Income 2023: $207,4522023Revenue 2024: $5,890,307Expenses 2024: $6,250,538Net Income 2024: -$360,2312024

Highlighted filing

2018

Revenue$4,755,796
Expenses$4,135,024
Net Income$620,772
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 15, 2019
Return Version
2017v2.3
Gross Receipts
$4,911,796
Mission and Program Overview

Mission

The center is a post-graduate educational institute providing education to students in venture capital investment and entrepreneurship, utilizing an established curriculum and faculty.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$15,764,919$22,051,197▲ $6,286,278
Cash and Non-Interest-Bearing Accounts$2,699,397$2,962,802▲ $263,405
Accounts Receivable$152,512$605,235▲ $452,723
Prepaid Expenses and Deferred Charges$363,811$119,152▼ $244,659
Savings and Temporary Cash Investments$60,000$60,000→ $0
Land, Buildings, and Equipment, Net$33,494$33,126▼ $368
Total Assets$19,109,238$27,388,908▲ $8,279,670
Other Assets Total$35,105$1,557,396▲ $1,522,291
Liabilities
Deferred Revenue$3,742,950$4,454,270▲ $711,320
Accounts Payable and Accrued Expenses$513,809$655,518▲ $141,709
Other Liabilities$-238,999$0▲ $238,999
Total Liabilities$4,017,760$5,109,788▲ $1,092,028
Net Assets / Fund Balance
Unrestricted Net Assets$14,817,192$21,754,524▲ $6,937,332
Temporarily Rstr Net Assets$274,286$524,596▲ $250,310
Total Net Assets Fund Balance$15,091,478$22,279,120▲ $7,187,642
Total Liabilities and Net Assets / Fund Balance$19,109,238$27,388,908▲ $8,279,670

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$33,126$104,794$137,920
Other Assets Org$1,534,049--
Other Securities$1,860,305--
Compensation and Service Providers
Top Officer Pay67th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeffrey HarbachCEOPT$300,000$30,340$330,340
John McintyreDirector of Society ProgramPT$200,000$59,303$259,303
Savadelis JewelVP of MarketingFT$200,000$30,560$230,560
Rusty DorninDirector of MarketingFT$142,115$22,008$164,123
Chinen JaneCoordinatorPT$118,238$28,731$146,969
Kirsten OwensDirector of CurriculumPT$114,000$15,443$129,443

Board Members and Trustees

NameTitle
Phillip WickhamChairman
Jason GreenEmeritus Chairman
Brian DoveyBoard Member
Christian WedellBoard Member
Karen KerrBoard Member
Mamoon HamidBoard Member
Susan MasonBoard Member
Lisa DohertyDirector of Finance
Jenny RookeSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
WellingtonEvent Management And Expenses7304 130TH STREET SUITE 370, Overland, KS 66213$461,937
-Program And Module Consulting5481 BLOSSOM WOOD DRIVE, San Jose, CA 95124$180,000
Revenue and Support

Revenue Composition

Contributions and Grants
$596,596
Program Service Revenue
$3,904,717
Investment Income
$2,675
Other Revenue
$251,808
All Other Contributions
$596,596
Change in Net Assets
$620,772

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,172,591
Revenue Not Reported on Financial Statements
$583,205
Revenue Not Reported on Form 990
$6,566,870
Other Revenue Adjustments
$583,205
Total Revenue per Audited Statements
$10,739,461
Total Revenue per Form 990
$4,755,796
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,278,033
Salaries, Compensation, and Employee Benefits$1,273,788
Grants and Similar Amounts Paid$583,203
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$1,001,600$8,479-$1,010,079
Other Salaries and Wages$738,516$145,428-$883,944
Fees for Services Other$367,293$37,699-$404,992
Grants to Domestic Individuals$371,221--$371,221
Travel$223,971$101,195-$325,166
Foreign Grants$211,982--$211,982
Advertising-$170,539-$170,539
Current Officers, Directors, Trustees, and Key Employees$147,001$18,169-$165,170
Other Employee Benefits$121,340$21,799-$143,139
Occupancy-$113,198-$113,198
Office Expenses$55,518$31,869-$87,387
Fees for Services Accounting-$80,525-$80,525
Payroll Taxes$49,075$8,541-$57,616
Fees for Services Legal-$32,256-$32,256
Pension Plan Contributions$20,373$3,546-$23,919
Information Technology-$21,911-$21,911
Depreciation Depletion-$15,280-$15,280
Insurance-$4,638-$4,638
Interest-$3-$3
Other Expenses$154,602$-154,602-$0
Total Functional Expenses$3,469,784$665,240$0$4,135,024

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,135,024
Expenses per Audited Statements$3,551,819
Total Expenses per Audited Statements$3,551,819
Expenses Not Reported on Financial Statements$583,205
Other Expense Adjustments$583,205
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$211,999

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificScholarships-00$73,529
Europe (including Iceland & Greenland)Scholarships-00$65,248
South AmericaScholarships-00$39,646
Middle East and North AfricaScholarships-00$33,576
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
No
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 8B

“The organization does not have an executive committee with authority to act on behalf of the governing body.”

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

“Draft copies of the tax return are emailed to the board president, audit committee and treasurer for review. The ceo & president and controller of the organization review form 990 before it is filed.”

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

“Each board member or other interested person is required to disclose any conflict of interest if/when it arises. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. Discussions and decisions are contemporaneously documented.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Center for Venture Education
EIN
48-1249429
Phone
6505617047
Address
855 EL CAMINO REAL BUILDING 1 NO 12, PALO ALTO, CA 94301

Signing Officer

Name
Jeff Harbach
Title
CEO
Phone
6505617047
Signed
2019-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Harbach
Formed
2001
Legal Domicile
Ks
Voting Board Members
9
Independent Board Members
8
Employees
11
Volunteers
40

Preparer

Firm
Squar Milner Llp
Address
135 MAIN STREET 9TH FLOOR, SAN FRANCISCO, CA 94105-1815
Preparer
Joua V Lo
Phone
4157812500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Cve is recognized as a public charity exempt from federal income tax under section 501(c)(3) of the internal revenue code whereby only unrelated business income, as defined by section 512(a)(1) of the internal revenue code and similar code section of the california revenue and taxation code, is subject to income tax. Each year management considers whether any material tax positions the organization has taken are more likely than not to be sustained upon examination by the applicable taxing authority. Management believes that any positions the organization has taken are supported by substantial authority and, hence, do not need to be measured or disclosed in these financial statements.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Reclassification of scholarships to expense section 583,205.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Reclassification of scholarships from income section 583,205.”

Raw XML AppendixShowing 400 of 727 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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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0300000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10210000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11145216
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12114000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13210000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14118238
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3EMERITUS CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR OF SOCIETY PROGRAM
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR OF MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR OF CURRICULUM
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP OF MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt14COORDINATOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantAmt0583203
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0371221
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0371221
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt04911796
IRS990/GrossRentsGrp/RealAmt0156000
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt021911
IRS990/InformationTechnologyGrp/TotalAmt021911
IRS990/InsuranceGrp/ManagementAndGeneralAmt04638
IRS990/InsuranceGrp/TotalAmt04638
IRS990/InterestGrp/ManagementAndGeneralAmt03
IRS990/InterestGrp/TotalAmt03
IRS990/InvestmentIncomeGrp/ExclusionAmt02564
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02675
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt0111
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt015764919
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt022051197
IRS990/IRPDocumentCnt025
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0104794
IRS990/LandBldgEquipBasisNetGrp/BOYAmt033494
IRS990/LandBldgEquipBasisNetGrp/EOYAmt033126
IRS990/LandBldgEquipCostOrOtherBssAmt0137920
IRS990/LegalDomicileStateCd0KS
IRS990/LessRentalExpensesGrp/RealAmt0156000
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE CENTER IS A POST-GRADUATE EDUCATIONAL INSTITUTE PROVIDING EDUCATION TO STUDENTS IN VENTURE CAPITAL INVESTMENT AND ENTREPRENEURSHIP, UTILIZING AN ESTABLISHED CURRICULUM AND FACULTY.
IRS990/MoreThan5000KToIndividualsInd01
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt015091478
IRS990/NetAssetsOrFundBalancesEOYAmt022279120
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt06566870
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0113198
IRS990/OccupancyGrp/TotalAmt0113198
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt031869
IRS990/OfficeExpensesGrp/ProgramServicesAmt055518
IRS990/OfficeExpensesGrp/TotalAmt087387
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt035105
IRS990/OtherAssetsTotalGrp/EOYAmt01557396
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt021799
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0121340
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0143139
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/Desc1BAD DEBT
IRS990/OtherExpensesGrp/Desc2ALLOCATION OF COMMON CO
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01061
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13706
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2-154602
IRS990/OtherExpensesGrp/ProgramServicesAmt07292
IRS990/OtherExpensesGrp/ProgramServicesAmt1154602
IRS990/OtherExpensesGrp/TotalAmt08353
IRS990/OtherExpensesGrp/TotalAmt13706
IRS990/OtherExpensesGrp/TotalAmt20
IRS990/OtherLiabilitiesGrp/BOYAmt0-238999
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0EQUITY NET EARNINGS OF
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IRS990/OtherRevenueMiscGrp/ExclusionAmt1352
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt048761
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1352
IRS990/OtherRevenueTotalAmt049113
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0145428
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0738516
IRS990/OtherSalariesAndWagesGrp/TotalAmt0883944
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08541
IRS990/PayrollTaxesGrp/ProgramServicesAmt049075
IRS990/PayrollTaxesGrp/TotalAmt057616
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03546
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt020373
IRS990/PensionPlanContributionsGrp/TotalAmt023919
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0363811
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0119152
IRS990/PrincipalOfficerNm0JEFF HARBACH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND APPLICATIO
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IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYExcessBenefitTransInd00
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IRS990/PYOtherRevenueAmt0245369
IRS990/PYProgramServiceRevenueAmt03279000
IRS990/PYRevenuesLessExpensesAmt0912942
IRS990/PYSalariesCompEmpBnftPaidAmt01223690
IRS990/PYTotalExpensesAmt03785411
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04698353
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0620772
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03904717
IRS990/RoyaltiesRevenueGrp/ExclusionAmt0202695
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0202695
IRS990/SavingsAndTempCashInvstGrp/BOYAmt060000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt060000
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt033126
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0104794
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0137920
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0583205
IRS990ScheduleD/ExpensesSubtotalAmt03551819
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt06566870
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt016701
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt16646
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21534049
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OTHER RECEIVABLES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2INTERCOMPANY RECEIVABLES
IRS990ScheduleD/OtherExpensesNotIncludedAmt0583205
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0583205
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt020190892
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11860305
IRS990ScheduleD/OtherSecuritiesGrp/Desc0PRIVATE EQUITY PARTNERSHIPS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INVESTMENT IN SUBSIDIARY
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/RevenueNotReportedAmt06566870
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0583205
IRS990ScheduleD/RevenueSubtotalAmt04172591
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CVE IS RECOGNIZED AS A PUBLIC CHARITY EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 512(A)(1) OF THE INTERNAL REVENUE CODE AND SIMILAR CODE SECTION OF THE CALIFORNIA REVENUE AND TAXATION CODE, IS SUBJECT TO INCOME TAX. EACH YEAR MANAGEMENT CONSIDERS WHETHER ANY MATERIAL TAX POSITIONS THE ORGANIZATION HAS TAKEN ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY. MANAGEMENT BELIEVES THAT ANY POSITIONS THE ORGANIZATION HAS TAKEN ARE SUPPORTED BY SUBSTANTIAL AUTHORITY AND, HENCE, DO NOT NEED TO BE MEASURED OR DISCLOSED IN THESE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RECLASSIFICATION OF SCHOLARSHIPS TO EXPENSE SECTION 583,205.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RECLASSIFICATION OF SCHOLARSHIPS FROM INCOME SECTION 583,205.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt033126
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01557396
IRS990ScheduleD/TotalBookValueSecuritiesAmt022051197
IRS990ScheduleD/TotalExpensesPerForm990Amt04135024

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$27,388,908
Liabilities
$5,109,788
Net assets
$22,279,120
Revenue
$4,755,796
Expenses
$4,135,024
Net income
$620,772
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$109$4.86$104$5.89$6.25$0.36
2023Detailed filing. Detailed filing data is available for this year.$102$5.18$96.7$5.98$5.77$0.21
2022Detailed filing. Detailed filing data is available for this year.$109$5.74$103$8.05$6.69$1.36
2021Detailed filing. Detailed filing data is available for this year.$107$7.70$99.1$4.49$3.14$1.35
2020Detailed filing. Detailed filing data is available for this year.$49.7$7.02$42.6$3.76$4.20$0.44
2019Detailed filing. Detailed filing data is available for this year.$39.6$5.19$34.4$4.32$3.73$0.59
2018Detailed filing. Detailed filing data is available for this year.$27.4$5.11$22.3$4.76$4.14$0.62
2017Detailed filing. Detailed filing data is available for this year.$17.3$4.02$13.3$4.70$3.79$0.91
2016Detailed filing. Detailed filing data is available for this year.$15.8$4.34$11.5$4.96$3.95$1.01
2015Detailed filing. Detailed filing data is available for this year.$13.9$3.67$10.3$3.53$3.29$0.24
2014Detailed filing. Detailed filing data is available for this year.$9.12$2.96$6.17$2.94$2.90$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.29$2.02$1.27$2.45
2012Summary only. Only limited summary data is available for this year.$2.49$2.17$0.33$2.10$2.08$0.01
2011Summary only. Only limited summary data is available for this year.$1.33$1.43$0.09$1.71$1.74$0.04
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • $25M-$50M nonprofits