Civic Intelligence

South Valley Charter School

EIN 77-0556891 • 501(c)3 • Morgan Hill, CA

Profile

To operate a k-8 charter school according to senate bill 1448 and under the laws of the state of california as a non-profit organization.

9530 Monterey RdMorgan Hill, CA 95037

www.csmh.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

75th percentile

0.48x

Higher debt load relative to assets than 75% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

1.25x

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

44th percentile

2.2%

Higher net margin than 44% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

67th percentile

$245,950

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

53rd percentile

5.2%

Faster asset growth than 53% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

5th percentile

-46%

Faster revenue growth than 5% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$24,058,914

Up $1,191,050 (+5.2%) from 2023

Liabilities

Up

$11,599,463

Up $989,138 (+9.3%) from 2023

Net Assets

Up

$12,459,451

Up $201,912 (+1.6%) from 2023

Revenue

Down

$9,301,922

Down $7,989,244 (-46%) from 2023

Expenses

Up

$9,100,010

Up $322,135 (+3.7%) from 2023

Net Income

Down

$201,912

Down $8,311,379 (-98%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $1,019,097Liabilities 2010: $464,851Net Assets 2010: $554,2462010Assets 2011: $1,826,171Liabilities 2011: $1,137,736Net Assets 2011: $688,4352011Assets 2012: $1,613,643Liabilities 2012: $432,095Net Assets 2012: $1,181,5482012Assets 2013: $1,618,938Liabilities 2013: $357,996Net Assets 2013: $1,260,9422013Assets 2014: $1,914,569Liabilities 2014: $318,081Net Assets 2014: $1,596,4882014Assets 2015: $1,848,286Liabilities 2015: $178,189Net Assets 2015: $1,670,0972015Assets 2016: $2,156,701Liabilities 2016: $221,021Net Assets 2016: $1,935,6802016Assets 2017: $2,266,383Liabilities 2017: $305,646Net Assets 2017: $1,960,7372017Assets 2018: $2,343,595Liabilities 2018: $351,766Net Assets 2018: $1,991,8292018Assets 2019: $3,901,844Liabilities 2019: $978,513Net Assets 2019: $2,923,3312019Assets 2020: $4,919,071Liabilities 2020: $1,838,289Net Assets 2020: $3,080,7822020Assets 2021: $5,252,968Liabilities 2021: $1,733,804Net Assets 2021: $3,519,1642021Assets 2022: $5,275,539Liabilities 2022: $1,531,291Net Assets 2022: $3,744,2482022Assets 2023: $22,867,864Liabilities 2023: $10,610,325Net Assets 2023: $12,257,5392023Assets 2024: $24,058,914Liabilities 2024: $11,599,463Net Assets 2024: $12,459,4512024

Highlighted filing

2024

Assets$24,058,914
Liabilities$11,599,463
Net Assets$12,459,451

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0Expenses 2010: $3,401,5882010Revenue 2011: $3,395,345Expenses 2011: $3,260,689Net Income 2011: $134,6562011Expenses 2012: $3,329,1782012Expenses 2013: $3,706,6412013Revenue 2014: $4,388,220Expenses 2014: $4,050,979Net Income 2014: $337,2412014Revenue 2015: $4,783,089Expenses 2015: $4,707,786Net Income 2015: $75,3032015Revenue 2016: $5,533,940Expenses 2016: $5,266,903Net Income 2016: $267,0372016Revenue 2017: $6,039,701Expenses 2017: $6,014,644Net Income 2017: $25,0572017Revenue 2018: $6,335,848Expenses 2018: $6,304,756Net Income 2018: $31,0922018Revenue 2019: $7,679,348Expenses 2019: $6,747,846Net Income 2019: $931,5022019Revenue 2020: $6,719,505Expenses 2020: $6,562,054Net Income 2020: $157,4512020Revenue 2021: $6,924,813Expenses 2021: $6,486,431Net Income 2021: $438,3822021Revenue 2022: $8,198,938Expenses 2022: $7,909,355Net Income 2022: $289,5832022Revenue 2023: $17,291,166Expenses 2023: $8,777,875Net Income 2023: $8,513,2912023Revenue 2024: $9,301,922Expenses 2024: $9,100,010Net Income 2024: $201,9122024

Highlighted filing

2024

Revenue$9,301,922
Expenses$9,100,010
Net Income$201,912

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$24.1$11.6$12.5$9.30$9.10$0.20
2023Detailed filing. Detailed filing data is available for this year.$22.9$10.6$12.3$17.3$8.78$8.51
2022Detailed filing. Detailed filing data is available for this year.$5.28$1.53$3.74$8.20$7.91$0.29
2021Detailed filing. Detailed filing data is available for this year.$5.25$1.73$3.52$6.92$6.49$0.44
2020Detailed filing. Detailed filing data is available for this year.$4.92$1.84$3.08$6.72$6.56$0.16
2019Detailed filing. Detailed filing data is available for this year.$3.90$0.98$2.92$7.68$6.75$0.93
2018Detailed filing. Detailed filing data is available for this year.$2.34$0.35$1.99$6.34$6.30$0.03
2017Detailed filing. Detailed filing data is available for this year.$2.27$0.31$1.96$6.04$6.01$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.16$0.22$1.94$5.53$5.27$0.27
2015Detailed filing. Detailed filing data is available for this year.$1.85$0.18$1.67$4.78$4.71$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.91$0.32$1.60$4.39$4.05$0.34
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.62$0.36$1.26$3.71
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.61$0.43$1.18$3.33
2011Summary only. Only limited summary data is available for this year.$1.83$1.14$0.69$3.40$3.26$0.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.46$0.55$3.40
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$9,301,922
Mission and Program Overview

Mission

To operate a k-8 charter school according to senate bill 1448 and under the laws of the state of california as a non-profit organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,751,490$15,855,801▲ $10,104,311
Cash and Non-Interest-Bearing Accounts$2,584,154$5,103,753▲ $2,519,599
Savings and Temporary Cash Investments$12,871,328$2,298,888▼ $10,572,440
Pledges and Grants Receivable$1,626,007$788,198▼ $837,809
Prepaid Expenses and Deferred Charges$34,885$12,274▼ $22,611
Total Assets$22,867,864$24,058,914▲ $1,191,050
Liabilities
Other Liabilities$7,944,637$7,944,637→ $0
Accounts Payable and Accrued Expenses$2,520,397$3,420,315▲ $899,918
Deferred Revenue$145,291$234,511▲ $89,220
Total Liabilities$10,610,325$11,599,463▲ $989,138
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,946,347$8,242,982▲ $4,296,635
Net Assets With Donor Restrictions$8,311,192$4,216,469▼ $4,094,723
Total Net Assets Fund Balance$12,257,539$12,459,451▲ $201,912
Total Liabilities and Net Assets / Fund Balance$22,867,864$24,058,914▲ $1,191,050

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$14,737,264-$14,737,264
Buildings$940,554$635,037$1,575,591
Equipment$177,983$50,591$228,574
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Paige CisewskiExecutive DiFT$223,321$22,629$245,950
Paige CisewskiExecutive Director-$223,321$22,629$245,950
Susan PfefferlenPrincipalFT$190,432$19,209$209,641
Shelly GuerreroSecretaryFT$135,775$13,893$149,668
Wyllain SinTeacherFT$130,738$13,153$143,891
Linda NelsonTeacherFT$129,617$13,230$142,847
Deborah LeraTeacherFT$128,541$12,927$141,468
Karen JordanTeacherFT$127,643$12,752$140,395
Tristine JakubsTeacherFT$126,985$12,997$139,982
Jennifer StennOfficerFT$124,382$12,549$136,931
Vivianne BragerCFOFT$108,176-$108,176

Board Members and Trustees

NameTitle
Pete SettelmayerChairman
Heather PooreVice Chairma
Corina HeiserDirector
Garth GilmourDirector
Heather AllanDirector
Heather BringettoDirector
Michelle MillardDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$8,908,830
Program Service Revenue
$0
Investment Income
$393,092
Other Revenue
$0
All Other Contributions
$272,434
Change in Net Assets
$201,912

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,301,922
Total Revenue per Audited Statements
$9,301,922
Total Revenue per Form 990
$9,301,922
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,227,816
Other Expenses$1,872,194
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,725,115$138,828-$4,863,943
Other Employee Benefits$1,466,839$46,668-$1,513,507
Current Officers, Directors, Trustees, and Key Employees$604,416$245,950-$850,366
All Other Expenses$121,736$104,510-$226,246
Other Expenses$106,311$91,268-$197,579
Depreciation Depletion$63,190$25,693-$88,883
Insurance$38,254$32,842-$71,096
Information Technology$13,256$11,381-$24,637
Office Expenses$1,528$12,415-$13,943
Fees for Services Accounting-$13,850-$13,850
Travel$2,649$2,274-$4,923
Advertising$2,332$2,002-$4,334
Fees for Services Legal-$3,600-$3,600
Total Functional Expenses$8,029,874$1,070,136$0$9,100,010

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,100,010
Total Expenses per Audited Statements$9,100,010
Total Expenses per Form 990$9,100,010
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
State Facilities Loan$7,944,637
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 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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization has parent members

Form 990, Page 6, Part VI, Line 7A

Parent members elect members of the governing body and vote on changes to bylaws

Form 990, Page 6, Part VI, Line 7B

Certain sections of the bylaws cannot be changed without parent member approval.

Form 990, Page 6, Part VI, Line 11B

The chief financial officer reviews the return prepared by the external cpa firm. The completed tax return was provided to the governing body prior to filing.

Form 990, Page 6, Part VI, Line 12C

An annual board training session educates new board members about the conflict of interest policy and provides a confirmation of the policy for continuing board members. Board members are periodically reminded during board meetings of the policy. In addition, board members file the statement of economic interests - form 700 with santa clara county annually to provide transparency about any potential conflicts of interest.

Form 990, Page 6, Part VI, Line 15A

The cfo develops an annual budget by july 1 of each year which is approved by the board of directors. At the beginning of the year, the board evaluates the performance of the executive director and recommends any salary adjustments based on their assessment of her performance, the approved budget and comparable salary information. Any revisions to salary are communicated to the cfo for implementation.

Form 990, Page 6, Part VI, Line 15B

The board of directors evaluates and approves the contract for the executive director and the chief financial officer.

Form 990, Page 6, Part VI, Line 19

All governing documents and audited financial statements are made available through the school's website and upon request. Tax returns and policies are available upon request. Monthly financial information is also available to anyone who attends board meetings.

Filing and Contact Details

Filer

Filer Name
South Valley Charter School
EIN
77-0556891
Phone
4084630618
Address
9530 MONTEREY RD, MORGAN HILL, CA 95037
Doing Business As
Charter School of Morgan Hill

Signing Officer

Name
Paige Cisewski
Title
Executive Director
Phone
4084630618
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paige Cisewski
Formed
2001
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
7
Employees
99
Volunteers
654

Preparer

Firm
Chavan & Associates Llp
Address
15105 CONCORD CIRCLE SUITE 130, MORGAN HILL, CA 95037
Preparer
Sheldon Chavan
Phone
4082178749
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE NONDISCRIMINATORY POLICY IS INCLUDED IN THE SCHOOL'S WEBSITE AND PROVIDED TO PARENTS DURING REGISTRATION AND ORIENTATION. THE SCHOOL'S WEB ADDRESS IS INCLUDED IN ALL BROCHURES, CATALOGS AND OTHER WRITTEN COMMUNICATION THAT GOES OUT TO THE COMMUNITY.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE CHARTER SCHOOL RECEIVES FEDERAL AND STATE GRANTS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS PARENT MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PARENT MEMBERS ELECT MEMBERS OF THE GOVERNING BODY AND VOTE ON CHANGES TO BYLAWS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CERTAIN SECTIONS OF THE BYLAWS CANNOT BE CHANGED WITHOUT PARENT MEMBER APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CHIEF FINANCIAL OFFICER REVIEWS THE RETURN PREPARED BY THE EXTERNAL CPA FIRM. THE COMPLETED TAX RETURN WAS PROVIDED TO THE GOVERNING BODY PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AN ANNUAL BOARD TRAINING SESSION EDUCATES NEW BOARD MEMBERS ABOUT THE CONFLICT OF INTEREST POLICY AND PROVIDES A CONFIRMATION OF THE POLICY FOR CONTINUING BOARD MEMBERS. BOARD MEMBERS ARE PERIODICALLY REMINDED DURING BOARD MEETINGS OF THE POLICY. IN ADDITION, BOARD MEMBERS FILE THE STATEMENT OF ECONOMIC INTERESTS - FORM 700 WITH SANTA CLARA COUNTY ANNUALLY TO PROVIDE TRANSPARENCY ABOUT ANY POTENTIAL CONFLICTS OF INTEREST.

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