Civic Intelligence

Virginia Smith Testamentary Charitable Trust 082075

990 • Fiscal year 2016 • EIN 77-0295858

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 12, 2017

Organization ProfileN/A
632 West 13th StreetMerced, CA 95340

(209) 381-6604

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

33rd percentile

0.04x

Higher debt load relative to revenue than 33% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

6th percentile

-54%

Higher net margin than 6% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

90th percentile

$209,907

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 164.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

22nd percentile

-4.9%

Faster asset growth than 22% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

31st percentile

-4.6%

Faster revenue growth than 31% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$4,669,508

Down $239,832 (-4.9%) from 2015

Net Assets

Down

$4,664,133

Down $238,922 (-4.9%) from 2015

Liabilities

Down

$5,375

Down $910 (-14%) from 2015

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin6th percentile

Revenue

Down

$128,010

Down $6,183 (-4.6%) from 2015

Expenses

Up

$197,114

Up $21,671 (+12%) from 2015

Net Income

Down

-$69,104

Down $27,854 (-68%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$40M$30M$20M$10M$0Assets 2011: $5,784,792Liabilities 2011: $7,019Net Assets 2011: $5,777,7732011Assets 2012: $5,819,812Liabilities 2012: $5,379Net Assets 2012: $5,814,4332012Assets 2013: $4,953,831Liabilities 2013: $6,782Net Assets 2013: $4,947,0492013Assets 2014: $4,598,395Liabilities 2014: $6,206Net Assets 2014: $4,592,1892014Assets 2015: $4,909,340Liabilities 2015: $6,285Net Assets 2015: $4,903,0552015Assets 2016: $4,669,508Liabilities 2016: $5,375Net Assets 2016: $4,664,1332016Assets 2017: $33,422,873Liabilities 2017: $105,533Net Assets 2017: $33,317,3402017Assets 2018: $33,966,968Liabilities 2018: $196,754Net Assets 2018: $33,770,2142018Assets 2019: $34,132,051Liabilities 2019: $275,383Net Assets 2019: $33,856,6682019Assets 2020: $34,177,561Liabilities 2020: $213,786Net Assets 2020: $33,963,7752020

Highlighted filing

2016

Assets$4,669,508
Liabilities$5,375
Net Assets$4,664,133
Open 2016 Filing

Operations Trend

Revenue Growth31st percentile

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

$40M$30M$20M$10M$0-$10MRevenue 2011: $245,742Expenses 2011: $178,224Net Income 2011: $67,5182011Revenue 2012: $231,736Expenses 2012: $153,082Net Income 2012: $78,6542012Revenue 2013: $183,001Expenses 2013: $159,367Net Income 2013: $23,6342013Revenue 2014: $184,560Expenses 2014: $161,420Net Income 2014: $23,1402014Revenue 2015: $134,193Expenses 2015: $175,443Net Income 2015: -$41,2502015Revenue 2016: $128,010Expenses 2016: $197,114Net Income 2016: -$69,1042016Revenue 2017: $32,060,801Expenses 2017: $3,926,114Net Income 2017: $28,134,6872017Revenue 2018: $328,650Expenses 2018: $173,819Net Income 2018: $154,8312018Revenue 2019: $775,931Expenses 2019: $834,397Net Income 2019: -$58,4662019Revenue 2020: $101,266Expenses 2020: $218,908Net Income 2020: -$117,6422020

Highlighted filing

2016

Revenue$128,010
Expenses$197,114
Net Income-$69,104
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 12, 2017
Return Version
2015v3.0
Gross Receipts
$128,010
Mission and Program Overview

Mission

To provide the merced county office of education the ability to provide scholarship funds for students to attend higher institutions of learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$5,136,027$4,756,043▼ $379,984
Cash and Non-Interest-Bearing Accounts$98,428$247,705▲ $149,277
Accounts Receivable$49,212$49,212→ $0
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$4,909,340$4,669,508▼ $239,832
Other Assets Total$-374,327$-383,452▼ $9,125
Liabilities
Accounts Payable and Accrued Expenses$6,285$5,375▼ $910
Total Liabilities$6,285$5,375▼ $910
Net Assets / Fund Balance
Permanently Rstr Net Assets$3,664,903$3,486,052▼ $178,851
Unrestricted Net Assets$1,238,152$1,178,081▼ $60,071
Total Net Assets Fund Balance$4,903,055$4,664,133▼ $238,922
Total Liabilities and Net Assets / Fund Balance$4,909,340$4,669,508▼ $239,832

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$3,664,903-▼ $129,851-$3,486,052
2015$3,467,946-▲ $256,957-$3,664,903
2014$2,994,309-▲ $526,637-$3,467,946
2013$2,718,553-▲ $325,756-$2,994,309
2012$2,803,990-▼ $20,437-$2,718,553
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleBaseOtherTotal
Janet RileyFin. Advisor-$149,272$149,272
Thomas BatesMember$2,146-$2,146
Dennis HanksChairperson$1,801-$1,801
Fred HonoreMember$1,759-$1,759
Chris ChavezVice Chair$1,707-$1,707
Gloria HoneyMember$1,469-$1,469

Board Members and Trustees

NameTitle
Steve GomesTrust Advisor
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$28,010
Other Revenue
$100,000
Change in Net Assets
$-69,104

Audited Revenue Reconciliation

Revenue per Audited Statements
$128,010
Revenue Not Reported on Form 990
$-169,818
Total Revenue per Audited Statements
$-41,808
Total Revenue per Form 990
$128,010
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$80,833
Other Expenses$59,685
Salaries, Compensation, and Employee Benefits$56,596
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$80,833--$80,833
Fees for Services Legal-$49,622-$49,622
Other Salaries and Wages-$47,714-$47,714
Fees for Services Accounting-$10,000-$10,000
Current Officers, Directors, Trustees, and Key Employees-$8,882-$8,882
Other Expenses-$63-$63
Total Functional Expenses$80,833$116,281$0$197,114

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$197,114
Total Expenses per Audited Statements$197,114
Total Expenses per Form 990$197,114
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The Form 990 and related forms are provided to management for review prior to filing.”

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

“Governing documents, policies and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Virginia Smith Trust
EIN
77-0295858
Phone
2093816604
Address
632 West 13th Street, Merced, CA 95340

Signing Officer

Name
Janet Riley
Title
Financial Advisor
Signed
2017-02-12
Discuss with paid preparer
Yes

Organization Details

Formed
1975
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Vavrinek Trine Day & Co LLP
Address
5000 Hopyard Road Suite 335, Pleasanton, CA 94588-3351
Preparer
Terri Montgomery
Phone
9257346600
Supplemental Narrative

Financial Statement Notes

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

“To provide the Merced County Office of Education the ability to provide scholarship funds for students to attend higher institutions of learning.”

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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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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0956002379
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0false
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Merced County Office of Education
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt03664903
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt03486052
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0-49000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-129851
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt03467946
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt03664903
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-60000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0256957
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02994309
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt03467946
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-53000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0526637
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02718553
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02994309
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-50000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0325756
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02803990
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02718553
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-65000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-20437
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0197114
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-169818
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt0-169818
IRS990ScheduleD/RevenueSubtotalAmt0128010
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0To provide the Merced County Office of Education the ability to provide scholarship funds for students to attend higher institutions of learning.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/TotalBookValueProgramRltdAmt04756043
IRS990ScheduleD/TotalExpensesPerForm990Amt0197114
IRS990ScheduleD/TotalRevenuePerForm990Amt0128010
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-41808
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0197114
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt080833
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt030
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0192223
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt017684
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Steve Gomes
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Trust Advisor
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0209907
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 and related forms are provided to management for review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Governing documents, policies and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Merced County Office of Education
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0956002379
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Education of Students
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Governmental
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0632 West 13th Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Merced
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd095340
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04909340
IRS990/TotalAssetsEOYAmt04669508

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,669,508
Liabilities
$5,375
Net assets
$4,664,133
Revenue
$128,010
Expenses
$197,114
Net income
-$69,104
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$34.2$0.21$34.0$0.10$0.22$0.12
2019Detailed filing. Detailed filing data is available for this year.$34.1$0.28$33.9$0.78$0.83$0.06
2018Detailed filing. Detailed filing data is available for this year.$34.0$0.20$33.8$0.33$0.17$0.15
2017Detailed filing. Detailed filing data is available for this year.$33.4$0.11$33.3$32.1$3.93$28.1
2016Detailed filing. Detailed filing data is available for this year.$4.67$0.01$4.66$0.13$0.20$0.07
2015Summary only. Only limited summary data is available for this year.$4.91$0.01$4.90$0.13$0.18$0.04
2014Summary only. Only limited summary data is available for this year.$4.60$0.01$4.59$0.18$0.16$0.02
2013Summary only. Only limited summary data is available for this year.$4.95$0.01$4.95$0.18$0.16$0.02
2012Summary only. Only limited summary data is available for this year.$5.82$0.01$5.81$0.23$0.15$0.08
2011Summary only. Only limited summary data is available for this year.$5.78$0.01$5.78$0.25$0.18$0.07