Civic Intelligence

Monterey Bay Educational Center

990 • Fiscal year 2018 • EIN 61-1737326

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

2150 Garden RoadMonterey, CA 93940

(831) 649-1010

Siviq Scores

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

Liabilities / Assets

99th percentile

7.13x

Higher debt load relative to assets than 99% of similar nonprofits.

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

Liabilities / Revenue

84th percentile

0.12x

Higher debt load relative to revenue than 84% of similar nonprofits.

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

Net Margin

21st percentile

-13%

Higher net margin than 21% of similar nonprofits.

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

Top Officer Pay

83rd percentile

$18,694

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

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

Asset Growth

4th percentile

-78%

Faster asset growth than 4% of similar nonprofits.

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

Revenue Growth

23rd percentile

-21%

Faster revenue growth than 23% of similar nonprofits.

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

Assets

Down

$7,162

Down $26,030 (-78%) from 2017

Net Assets

Down

-$43,922

Down $53,890 (-541%) from 2017

Liabilities

Up

$51,084

Up $27,860 (+120%) from 2017

Revenue

Down

$428,173

Down $113,884 (-21%) from 2017

Expenses

Down

$482,063

Down $58,804 (-11%) from 2017

Net Income

Down

-$53,890

Down $55,080 (-4629%) from 2017

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50K-$100KAssets 2014: $13,288Liabilities 2014: $0Net Assets 2014: $13,2882014Assets 2015: $24,729Liabilities 2015: $10,743Net Assets 2015: $13,9862015Assets 2016: $20,307Liabilities 2016: $11,529Net Assets 2016: $8,7782016Assets 2017: $33,192Liabilities 2017: $23,224Net Assets 2017: $9,9682017Assets 2018: $7,162Liabilities 2018: $51,084Net Assets 2018: -$43,9222018Assets 2019: $4,877Liabilities 2019: $57,115Net Assets 2019: -$52,2382019Assets 2020: $43,589Liabilities 2020: $0Net Assets 2020: $43,5892020Assets 2021: $5,904Liabilities 2021: $0Net Assets 2021: $5,9042021Assets 2022: $3,117Liabilities 2022: $5,984Net Assets 2022: -$2,8672022Assets 2023: $4,377Liabilities 2023: $3,363Net Assets 2023: $1,0142023Assets 2024: $11,209Liabilities 2024: $0Net Assets 2024: $11,2092024

Highlighted filing

2018

Assets$7,162
Liabilities$51,084
Net Assets-$43,922

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2014: $203,983Expenses 2014: $190,695Net Income 2014: $13,2882014Revenue 2015: $338,606Expenses 2015: $337,908Net Income 2015: $6982015Revenue 2016: $481,102Expenses 2016: $486,310Net Income 2016: -$5,2082016Revenue 2017: $542,057Expenses 2017: $540,867Net Income 2017: $1,1902017Revenue 2018: $428,173Expenses 2018: $482,063Net Income 2018: -$53,8902018Revenue 2019: $358,088Expenses 2019: $366,404Net Income 2019: -$8,3162019Revenue 2020: $417,076Expenses 2020: $370,423Net Income 2020: $46,6532020Revenue 2021: $247,349Expenses 2021: $285,034Net Income 2021: -$37,6852021Revenue 2022: $128,468Expenses 2022: $137,239Net Income 2022: -$8,7712022Revenue 2023: $150,065Expenses 2023: $147,938Net Income 2023: $2,1272023Revenue 2024: $221,303Expenses 2024: $211,108Net Income 2024: $10,1952024

Highlighted filing

2018

Revenue$428,173
Expenses$482,063
Net Income-$53,890
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$439,877
Mission and Program Overview

Mission

Monterey bay educational center provides education, support and mentoring to students to enable them to achieve personal goals, develop strong skill sets, and build solid academic foundations that will be of benefit to them throughout their lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$20,024$0▼ $20,024
Land, Buildings, and Equipment, Net$9,688$6,882▼ $2,806
Receivables From Officers Etc$3,200$0▼ $3,200
Cash and Non-Interest-Bearing Accounts$280$280→ $0
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$33,192$7,162▼ $26,030
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$17,181$31,355▲ $14,174
Other Liabilities$6,043$19,729▲ $13,686
Total Liabilities$23,224$51,084▲ $27,860
Net Assets / Fund Balance
Unrestricted Net Assets$9,968$-43,922▼ $53,890
Total Net Assets Fund Balance$9,968$-43,922▼ $53,890
Total Liabilities and Net Assets / Fund Balance$33,192$7,162▼ $26,030

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,408$13,693$20,101
Equipment$474$2,963$3,437
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Adam KinkadeBoard ChairFT$18,694$18,694
Anthony CataniaBoard MemberPT$11,511$11,511

Board Members and Trustees

NameTitle
Tina SilvestriPresident
Bret SilvestriBoard Member
Jay DevineBoard Member
Kim-marie StevensBoard Member
Mark ArellanoBoard Member
John Blyth Barrymore IvCFO/office Mgr
Denise KuehlSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$2,537
Program Service Revenue
$425,074
Investment Income
$0
Other Revenue
$562
All Other Contributions
$2,537
Change in Net Assets
$-53,890
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$278,620
Salaries, Compensation, and Employee Benefits$201,843
Grants and Similar Amounts Paid$1,600
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$85,819$85,819-$171,638
Fees for Services Other$102,186--$102,186
Occupancy$74,021--$74,021
Current Officers, Directors, Trustees, and Key Employees$15,102$15,103-$30,205
Office Expenses$6,206$8,317-$14,523
Fees for Services Legal-$13,059-$13,059
Travel$11,390--$11,390
Advertising$3,798--$3,798
Depreciation Depletion$1,403$1,403-$2,806
Grants to Domestic Individuals$1,600--$1,600
Other Expenses$54,957$977-$977
Insurance$451$452-$903
Total Functional Expenses$356,933$125,130$0$482,063
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$12,266
Gaming Direct Expenses$11,704
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Nicholas SilvestriFamily of OfficeNonemployee CompensaNo$14,000

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$3,200$0▼ $3,200
Receivables from Disqualified Persons-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan Payable - Tes$11,529
Loan Payable - L Trout$8,200
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Board members tina silvestri and bret silvestri have a family relationship.

Form 990, Part VI, Line 11B: Form 990 Review Process

The board will review and approve the 990 before it is filed.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board members are required to disclose any conflicts of interest, which are reviewed.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents, policies, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Monterey Bay Educational Center
EIN
61-1737326
Phone
8316491010
Address
2150 GARDEN ROAD, MONTEREY, CA 93940

Signing Officer

Name
Tina Silvestri
Title
President
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
2014
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
7
Employees
15
Volunteers
3

Preparer

Firm
HAYASHI WAYLAND Accounting & Consulting
Address
26515 Carmel Rancho Blvd STE 100, Carmel, CA 93923
Preparer
Robert Lee CPA
Phone
8316245333
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0171638
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0TINA SILVESTRI
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IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0EDUCATIONAL SERVICES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt18840
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0416234
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt18840
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDED AFTER SCHOOL HOMEWORK SUPPORT FOR STUDENTS IN GRADES 6 THROUGH 12. STUDENTS WORKED INDEPENDENTLY OR IN GROUPS, WITH SUPERVISION AND GUIDANCE PROVIDED BY QUALIFIED INDEPENDENT INSTRUCTORS. IN 2018, THE PROGRAM PROVIDED PROCTERING SERVICES TO 8 STUDENTS, TUTORING STUDENT SERVICES TO 4 STUDENTS, AND EDUCATIONAL TESTING SERVICES TO 5 STUDENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt03569
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IRS990/PYRevenuesLessExpensesAmt01190
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOAN PAYABLE - L TROUT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LOAN PAYABLE - TES
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0NICHOLAS SILVESTRI
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FAMILY OF OFFICE
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0NONEMPLOYEE COMPENSA
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS TINA SILVESTRI AND BRET SILVESTRI HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD WILL REVIEW AND APPROVE THE 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST, WHICH ARE REVIEWED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/TerminateOperationsInd0false
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0428173
IRS990/TotalVolunteersCnt03

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