Civic Intelligence

Chartwell School

990 • Fiscal year 2020 • EIN 77-0119013

Jul 01, 2019 to Jun 30, 2020 • Filed on May 21, 2021

Organization Profilewww.chartwell.org

View Organization Page

2511 Numa Watson RdSeaside, CA 93955

(831) 393-8012

Siviq Scores

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

Liabilities / Assets

38th percentile

0.12x

Higher debt load relative to assets than 38% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

53rd percentile

0.31x

Higher debt load relative to revenue than 53% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

44th percentile

2.1%

Higher net margin than 44% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

47th percentile

5.9%

Faster asset growth than 47% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

87th percentile

40%

Faster revenue growth than 87% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets38th percentile

Assets

Up

$14,350,038

Up $799,531 (+5.9%) from 2019

Net Assets

Up

$12,627,898

Up $131,386 (+1.1%) from 2019

Liabilities

Up

$1,722,140

Up $668,145 (+63%) from 2019

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin44th percentile

Revenue

Up

$5,488,576

Up $1,561,836 (+40%) from 2019

Expenses

Up

$5,371,658

Up $723,207 (+16%) from 2019

Net Income

Up

$116,918

Up $838,629 (+116%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth47th percentile

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

$80M$60M$40M$20M$0Assets 2011: $15,097,444Liabilities 2011: $2,197,335Net Assets 2011: $12,900,1092011Assets 2012: $14,767,192Liabilities 2012: $2,066,357Net Assets 2012: $12,700,8352012Assets 2013: $15,887,758Liabilities 2013: $1,889,796Net Assets 2013: $13,997,9622013Assets 2014: $16,056,948Liabilities 2014: $1,929,328Net Assets 2014: $14,127,6202014Assets 2015: $15,787,516Liabilities 2015: $1,975,038Net Assets 2015: $13,812,4782015Assets 2016: $15,414,828Liabilities 2016: $1,879,765Net Assets 2016: $13,535,0632016Assets 2017: $14,437,110Liabilities 2017: $793,354Net Assets 2017: $13,643,7562017Assets 2018: $14,058,031Liabilities 2018: $839,808Net Assets 2018: $13,218,2232018Assets 2019: $13,550,507Liabilities 2019: $1,053,995Net Assets 2019: $12,496,5122019Assets 2020: $14,350,038Liabilities 2020: $1,722,140Net Assets 2020: $12,627,8982020Assets 2021: $14,576,049Liabilities 2021: $1,590,878Net Assets 2021: $12,985,1712021Assets 2022: $55,359,584Liabilities 2022: $1,672,078Net Assets 2022: $53,687,5062022Assets 2023: $59,947,365Liabilities 2023: $1,752,355Net Assets 2023: $58,195,0102023Assets 2024: $61,960,586Liabilities 2024: $1,584,344Net Assets 2024: $60,376,2422024

Highlighted filing

2020

Assets$14,350,038
Liabilities$1,722,140
Net Assets$12,627,898
Open 2020 Filing

Operations Trend

Revenue Growth87th percentile

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

$60M$40M$20M$0-$20MExpenses 2011: $4,888,4382011Expenses 2012: $4,315,5962012Expenses 2013: $3,847,4962013Revenue 2014: $3,979,129Expenses 2014: $4,015,770Net Income 2014: -$36,6412014Revenue 2015: $3,705,888Expenses 2015: $3,990,791Net Income 2015: -$284,9032015Revenue 2016: $3,756,708Expenses 2016: $4,038,090Net Income 2016: -$281,3822016Revenue 2017: $3,929,886Expenses 2017: $3,821,193Net Income 2017: $108,6932017Revenue 2018: $3,382,598Expenses 2018: $3,808,131Net Income 2018: -$425,5332018Revenue 2019: $3,926,740Expenses 2019: $4,648,451Net Income 2019: -$721,7112019Revenue 2020: $5,488,576Expenses 2020: $5,371,658Net Income 2020: $116,9182020Revenue 2021: $6,458,891Expenses 2021: $6,468,129Net Income 2021: -$9,2382021Revenue 2022: $50,527,981Expenses 2022: $7,976,840Net Income 2022: $42,551,1412022Revenue 2023: $13,082,378Expenses 2023: $11,545,755Net Income 2023: $1,536,6232023Revenue 2024: $14,595,610Expenses 2024: $13,450,138Net Income 2024: $1,145,4722024

Highlighted filing

2020

Revenue$5,488,576
Expenses$5,371,658
Net Income$116,918
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 21, 2021
Return Version
2019v5.0
Gross Receipts
$5,535,523
Mission and Program Overview

Mission

Chartwell School empowers bright students with language-based learning differences, including dyslexia. We do this in grades K-12 by offering them the knowledge, creativity, and skills in self advocacy and perseverance needed to thrive in college and beyond.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,479,645$10,832,336▲ $352,691
Investments in Publicly Traded Securities$2,384,195$2,545,539▲ $161,344
Cash and Non-Interest-Bearing Accounts$538,630$924,969▲ $386,339
Accounts Receivable$108,022$24,310▼ $83,712
Prepaid Expenses and Deferred Charges$23,140$7,884▼ $15,256
Pledges and Grants Receivable$6,875$5,000▼ $1,875
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$13,550,507$14,350,038▲ $799,531
Other Assets Total$10,000$10,000→ $0
Liabilities
Deferred Revenue$756,408$729,542▼ $26,866
Other Liabilities-$631,580-
Accounts Payable and Accrued Expenses$297,587$361,018▲ $63,431
Total Liabilities$1,053,995$1,722,140▲ $668,145
Net Assets / Fund Balance
Net Assets With Donor Restrictions$8,377,337$8,293,864▼ $83,473
Net Assets Without Donor Restrictions$4,119,175$4,334,034▲ $214,859
Total Net Assets Fund Balance$12,496,512$12,627,898▲ $131,386
Total Liabilities and Net Assets / Fund Balance$13,550,507$14,350,038▲ $799,531

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,802,604$3,580,646$13,383,250
Land$1,000,000-$1,000,000
Equipment$29,732$753,287$783,019

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$1,713,592$500,000▲ $36,070$135,302$2,114,360
2018$1,734,027-▲ $94,928$115,363$1,713,592
2017$1,681,340-▲ $118,393$65,706$1,734,027
2016$1,599,637-▲ $146,737$65,034$1,681,340
2015$1,631,727-▲ $32,716$64,806$1,599,637
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kathleen MulliganHead of SchoolFT$207,400$17,972$225,372

Board Members and Trustees

NameTitle
Katrina MaestriPresident
Caroline HaskellTrustee
Dr Robert MeltonTrustee
Heidi DauntTrustee
Lara HruskaTrustee
Michael McMahanTrustee
Robert HernandezTrustee
Raynette BoeremaSecretary
Arthur PasquinelliTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Mynt Systems IncCapital project111 Mission St, Santa Cruz, CA 95060$579,682
Revenue and Support

Revenue Composition

Contributions and Grants
$1,091,240
Program Service Revenue
$4,341,058
Investment Income
$51,684
Other Revenue
$4,594
All Other Contributions
$1,023,047
Change in Net Assets
$116,918

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Other Non Cash Contri Table$68,193Fair Market Value (FMV)
Total Noncash Contributions$68,193-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,499,479
Other Expenses$1,103,060
Grants and Similar Amounts Paid$769,119
Total Fundraising Expense$208,366
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,265,319$289,808$60,472$2,615,599
Grants to Domestic Individuals$769,119--$769,119
Office Expenses$359,423$15,476$5,789$380,688
Other Employee Benefits$281,168$41,331$13,510$336,009
Current Officers, Directors, Trustees, and Key Employees$91,484$88,794$88,794$269,072
Depreciation Depletion-$258,434-$258,434
Payroll Taxes$180,241$28,575$10,990$219,806
Occupancy$4,470$135,763$272$140,505
Pension Plan Contributions$51,360$6,425$1,208$58,993
Insurance-$55,470-$55,470
Advertising$45,078$7,146$2,749$54,973
Other Expenses$36,599$7,821$17,496$54,095
Information Technology$40,981$6,497$2,499$49,977
Conferences and Meetings$22,057$4,602$1,579$28,238
Fees for Services Accounting-$9,526-$9,526
Fees for Services Other-$8,542-$8,542
Travel-$1,815-$1,815
Fees for Services Legal-$638-$638
Total Functional Expenses$4,196,629$966,663$208,366$5,371,658
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$46,947
Fundraising Gross Income$31,770
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Pear Tree$99,963$31,770-$31,770
Total Events$99,963$31,770$46,947$-15,177
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
PPP Loan$528,340
PGE Loan$103,240
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 35% controlled entity
No
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, Line 9: Officer, Director, Trustee, Key Employee Mailing Address

“Michael McMahan10075 Manitou Beach Dr NEBainbridge Island, WA 98110-3364”

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

“Internal review, the Finance Committee reviews then the Board of Trustees approve.”

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

“Annually, we have all key employees and Trustees sign a new Conflict of Interest form.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“NAIS BENCHMARKS”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“NAIS BENCHMARKS”

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

“Upon request.”

Filing and Contact Details

Filer

Filer Name
Chartwell School
EIN
77-0119013
Phone
8313938012
Address
2511 Numa Watson Rd, Seaside, CA 93955

Signing Officer

Name
Kathleen Mulligan
Title
Head of School
Signed
2021-05-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathleen Mulligan
Formed
1983
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
52
Volunteers
50

Preparer

Firm
Crosby & Kaneda CPAs LLP
Address
1970 Broadway STE 930, Oakland, CA 94612
Preparer
Felix Gorrindo
Phone
5108352727
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2: New Services

“Remote learning in effect from March 2020 and continuing through Summer School.”

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

“Endowment funds supported three areas:1) Financial aid2) Faculty retention3) Housing”

Part X : FIN48 Footnote

“The Internal Revenue Service and the California Franchise Tax Board have determined that the Organization is exempt from federal and state income taxes under IRC 501(c)(3) and California RTC 23701(d). The Organization has evaluated its current tax positions as of June 30, 2020 and is not aware of any significant uncertain tax positions for which a reserve would be necessary. The Organizations tax returns are generally subject to examination by federal and state taxing authorities for three and four years, respectively, after they are filed.”

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IRS990/OtherExpensesGrp/Desc1Bad debt expense and other
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt182325
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt24078560
IRS990/ProgSrvcAccomActy2Grp/Desc0CHARTWELL'S PUBLIC EDUCATION AND COMMUNITY OUTREACH SERVICES AND PROGRAMS DEVELOP COLLABORATIVE RELATIONSHIPS WITH INDIVIDUALS, ORGANIZATIONS AND NETWORKS OF ALLIED PROFESSIONALS AND ADVANCES THE UNDERSTANDING, ADVOCACY AND PRACTIVAL DELIVERY OF SERVICES TO BENEFIT EDUCATORS, VOLUNTEERS AND LEARNERS OF ALL AGES IN OUR REGION. CURRENTLY, WE HAVE MULTIPLE PROGRAMS WHICH EDUCATES PROFESSIONALS, ADMINISTRATORS AND PARENTS. IT IS ESTIMATED THAT IN TURN AN ADDITIONAL 3,000 LEARNERS BENEFIT IN THE CALIFORNIA CENTRAL COAST REGION AND BEYOND.
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IRS990/ProgSrvcAccomActy3Grp/Desc0CHARTWELL'S HIGH SCHOOL (GRADES 9-12) IS A COLLEGE-PREPARATORY PROGRAM AND IS ACCREDITED BY ASSOCIATION OF SCHOOLS AND COLLEGES (WASC). STUDENTS ENGAGE DEEPLY IN CHALLENGING, HANDS-ON PROJECTS TAILORED TO THEIR STRENGTHS AND WEAKNESSES. BUILDING ON THE THREE FOUNDATIONS OF SKILL DEVELOPMENT, CONTENT STANDARDS, AND PROJECT-BASED LEARNING, THE PROGRAM IS CAREFULLY DESIGNED TO EMPOWER STUDENTS WITH THE KNOWLEDGE AND ENTHUSIASM THEY NEED TO MOVE ON TO A LIFETIME OF SUCCESSFUL LEARNING. THOUGH A TYPICAL PROGRAM MAY FOCUS ON CREDIT ACCUMULATION, AT THE HIGH SCHOOL, THE GOAL IS TO ENSURE THAT STUDENTS HAVE THE SKILLS NEEDED TO THRIVE IN HIGHER EDUCATION. SINCE 2012, 100% OF SENIORS HAVE BEEN ACCEPTED INTO THE COLLEGE OF THEIR CHOICE WITH SCHOLARSHIP OFFERS.
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Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,350,038
Liabilities
$1,722,140
Net assets
$12,627,898
Revenue
$5,488,576
Expenses
$5,371,658
Net income
$116,918
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$62.0$1.58$60.4$14.6$13.5$1.15
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$59.9$1.75$58.2$13.1$11.5$1.54
2022Detailed filing. Detailed filing data is available for this year.$55.4$1.67$53.7$50.5$7.98$42.6
2021Detailed filing. Detailed filing data is available for this year.$14.6$1.59$13.0$6.46$6.47$0.01
2020Detailed filing. Detailed filing data is available for this year.$14.4$1.72$12.6$5.49$5.37$0.12
2019Detailed filing. Detailed filing data is available for this year.$13.6$1.05$12.5$3.93$4.65$0.72
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.1$0.84$13.2$3.38$3.81$0.43
2017Detailed filing. Detailed filing data is available for this year.$14.4$0.79$13.6$3.93$3.82$0.11
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.4$1.88$13.5$3.76$4.04$0.28
2015Detailed filing. Detailed filing data is available for this year.$15.8$1.98$13.8$3.71$3.99$0.28
2014Detailed filing. Detailed filing data is available for this year.$16.1$1.93$14.1$3.98$4.02$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.9$1.89$14.0$3.85
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.8$2.07$12.7$4.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.1$2.20$12.9$4.89