Civic Intelligence

Covenant Children'S Center

990 • Fiscal year 2018 • EIN 80-0856991

Sep 01, 2017 to Aug 31, 2018 • Filed on Feb 28, 2019

670 East Meadow DrivePalo Alto, CA 94306

(650) 493-9505

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.34x

Higher debt load relative to assets than 73% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

43rd percentile

0.07x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

24th percentile

-7.2%

Higher net margin than 24% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

57th percentile

$77,870

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

9th percentile

-15%

Faster asset growth than 9% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

46th percentile

2.4%

Faster revenue growth than 46% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$271,976

Down $48,864 (-15%) from 2017

Net Assets

Down

$180,367

Down $97,700 (-35%) from 2017

Liabilities

Up

$91,609

Up $48,836 (+114%) from 2017

Revenue

Up

$1,351,412

Up $31,153 (+2.4%) from 2017

Expenses

Up

$1,449,112

Up $92,185 (+6.8%) from 2017

Net Income

Down

-$97,700

Down $61,032 (-166%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2013: $371,317Liabilities 2013: $50,146Net Assets 2013: $321,1712013Assets 2014: $442,640Liabilities 2014: $53,017Net Assets 2014: $389,6232014Assets 2015: $425,985Liabilities 2015: $93,360Net Assets 2015: $332,6252015Assets 2016: $354,367Liabilities 2016: $40,242Net Assets 2016: $314,1252016Assets 2017: $320,840Liabilities 2017: $42,773Net Assets 2017: $278,0672017Assets 2018: $271,976Liabilities 2018: $91,609Net Assets 2018: $180,3672018Assets 2019: $498,812Liabilities 2019: $288,676Net Assets 2019: $210,1362019Assets 2020: $337,646Liabilities 2020: $369,644Net Assets 2020: -$31,9982020Assets 2021: $311,612Liabilities 2021: $90,827Net Assets 2021: $220,7852021Assets 2022: $242,899Liabilities 2022: $90,827Net Assets 2022: $152,0722022Assets 2023: $282,882Liabilities 2023: $90,827Net Assets 2023: $192,0552023Assets 2024: $246,303Liabilities 2024: $90,827Net Assets 2024: $155,4762024Assets 2025: $447,359Liabilities 2025: $90,827Net Assets 2025: $356,5322025

Highlighted filing

2018

Assets$271,976
Liabilities$91,609
Net Assets$180,367

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2013: $1,436,090Expenses 2013: $1,115,327Net Income 2013: $320,7632013Revenue 2014: $1,380,444Expenses 2014: $1,311,974Net Income 2014: $68,4702014Revenue 2015: $1,324,857Expenses 2015: $1,378,033Net Income 2015: -$53,1762015Revenue 2016: $1,403,334Expenses 2016: $1,422,012Net Income 2016: -$18,6782016Revenue 2017: $1,320,259Expenses 2017: $1,356,927Net Income 2017: -$36,6682017Revenue 2018: $1,351,412Expenses 2018: $1,449,112Net Income 2018: -$97,7002018Revenue 2019: $1,594,517Expenses 2019: $1,566,835Net Income 2019: $27,6822019Revenue 2020: $1,240,961Expenses 2020: $1,482,752Net Income 2020: -$241,7912020Revenue 2021: $1,319,171Expenses 2021: $1,179,257Net Income 2021: $139,9142021Revenue 2022: $1,249,458Expenses 2022: $1,318,224Net Income 2022: -$68,7662022Revenue 2023: $1,403,657Expenses 2023: $1,368,771Net Income 2023: $34,8862023Revenue 2024: $1,420,380Expenses 2024: $1,456,961Net Income 2024: -$36,5812024Revenue 2025: $1,661,501Expenses 2025: $1,460,322Net Income 2025: $201,1792025

Highlighted filing

2018

Revenue$1,351,412
Expenses$1,449,112
Net Income-$97,700
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Feb 28, 2019
Return Version
2017v2.3
Gross Receipts
$1,351,412
Mission and Program Overview

Mission

The organization strives to create a nurturing family environment and guide the emotional and intellectual growth of young children with a focus on developing self-confidence and positive social skills - all while having fun.

To prepare children for their formal education that will begin with kindergarten.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$278,067$180,367▼ $97,700
Cash and Non-Interest-Bearing Accounts$299,859$109,457▼ $190,402
Accounts Receivable$4,229$13,710▲ $9,481
Land, Buildings, and Equipment, Net$3,796$2,278▼ $1,518
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$320,840$271,976▼ $48,864
Other Assets Total$12,956$146,531▲ $133,575
Liabilities
Accounts Payable and Accrued Expenses$31,193$76,429▲ $45,236
Other Liabilities$11,580$15,180▲ $3,600
Total Liabilities$42,773$91,609▲ $48,836
Net Assets / Fund Balance
Total Net Assets Fund Balance$278,067$180,367▼ $97,700
Total Liabilities and Net Assets / Fund Balance$320,840$271,976▼ $48,864

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,278$178,968$181,246
Other Assets Org$146,531--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Maria ChurchAssistant DirectorFT$62,688$15,182$77,870
Kathy HeaDirectorFT$71,225$1,197$72,422
ALANNA O'HEADirectorFT$56,350$10,823$67,173
Lavon HowardAssistant DirectorFT$52,281$9,669$61,950

Board Members and Trustees

NameTitle
John DioiroPresident
Kate LaytonVice President
Annie RubinTrustee
Howie XuTrustee
Jacqueline Baras-shreibatiTrustee
Sunny JensenTrustee
Mari Ueda-taoSecretary
Anna SchreffTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$46
Program Service Revenue
$1,351,366
Investment Income
$0
Other Revenue
$0
All Other Contributions
$46
Change in Net Assets
$-97,700
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,137,908
Other Expenses$311,204
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$661,364--$661,364
Current Officers, Directors, Trustees, and Key Employees$254,201--$254,201
Other Employee Benefits$153,477--$153,477
Occupancy-$142,404-$142,404
Payroll Taxes$68,866--$68,866
All Other Expenses$21,291$11,391-$32,682
Office Expenses$20,447$8,635-$29,082
Insurance-$20,435-$20,435
Other Expenses$12,304$8,456-$12,304
Fees for Services Legal-$2,800-$2,800
Depreciation Depletion$1,518--$1,518
Total Functional Expenses$1,200,984$248,128$0$1,449,112
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
Deposits$15,180
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, Section B, Line 11B

The organization has a policy in place whereby the full board receives a copy of the form 990 prior to its submission.

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

Periodic reviews of conflicts are performed. Employees and volunteers are required to annually disclose their potentially conflicted interests, and the board reviews and addresses such issues as they arise.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
COVENANT CHILDREN'S CENTER
EIN
80-0856991
Phone
6504939505
Address
670 EAST MEADOW DRIVE, PALO ALTO, CA 94306

Signing Officer

Name
Kathy Hea
Title
Administrator, Director
Phone
6504939505
Signed
2019-02-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jon Dioiro
Formed
2012
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
7
Employees
22
Volunteers
8

Preparer

Firm
Robert Lee & Associates Llp
Address
999 W TAYLOR STREET SUITE A, SAN JOSE, CA 95126
Preparer
Robert a Lee
Phone
4088556770
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IRS990/PYContributionsGrantsAmt016526
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0813
IRS990/PYOtherExpensesAmt0271590
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01302920
IRS990/PYRevenuesLessExpensesAmt0-36668
IRS990/PYSalariesCompEmpBnftPaidAmt01085337
IRS990/PYTotalExpensesAmt01356927
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01320259
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-97700
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01351412
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0278067
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0180367
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0146531
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0UNDEPOSITED FUNDS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02278
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0178968
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0181246
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015180
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02278
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0146531
IRS990ScheduleD/TotalLiabilityAmt015180
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE POLICY IS STATED DURING THE ORGANIZATION'S REGISTRATION PERIOD AS WELL AS IN CIRCULARS DISTRIBUTED BY THE CHURCH FROM WHICH THE ORGANIZATION OPERATES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS A POLICY IN PLACE WHEREBY THE FULL BOARD RECEIVES A COPY OF THE FORM 990 PRIOR TO ITS SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PERIODIC REVIEWS OF CONFLICTS ARE PERFORMED. EMPLOYEES AND VOLUNTEERS ARE REQUIRED TO ANNUALLY DISCLOSE THEIR POTENTIALLY CONFLICTED INTERESTS, AND THE BOARD REVIEWS AND ADDRESSES SUCH ISSUES AS THEY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0320840
IRS990/TotalAssetsEOYAmt0271976
IRS990/TotalAssetsGrp/BOYAmt0320840
IRS990/TotalAssetsGrp/EOYAmt0271976
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt046
IRS990/TotalEmployeeCnt022
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0248128
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01200984
IRS990/TotalFunctionalExpensesGrp/TotalAmt01449112
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt042773
IRS990/TotalLiabilitiesEOYAmt091609
IRS990/TotalLiabilitiesGrp/BOYAmt042773
IRS990/TotalLiabilitiesGrp/EOYAmt091609
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0278067
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0180367
IRS990/TotalOtherCompensationAmt036871
IRS990/TotalProgramServiceExpensesAmt01200984
IRS990/TotalProgramServiceRevenueAmt01351366
IRS990/TotalReportableCompFromOrgAmt0242544
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01351366
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01351412
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0320840
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0271976
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0670 EAST MEADOW DRIVE
IRS990/USAddress/CityNm0PALO ALTO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094306
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0HTTP://WWW.COVENANTCHILDRENSCENTER.COM/
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KATHY HEA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ADMINISTRATOR, DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06504939505
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COVENANT CHILDREN'S CENTER
ReturnHeader/Filer/BusinessNameControlTxt0COVE
ReturnHeader/Filer/EIN0800856991
ReturnHeader/Filer/PhoneNum06504939505
ReturnHeader/Filer/USAddress/AddressLine1Txt0670 EAST MEADOW DRIVE
ReturnHeader/Filer/USAddress/CityNm0PALO ALTO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094306
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0FD2D8D7C97317CA769409C76C295A9F44AD1DDCC
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.62.180.2
ReturnHeader/FilingSecurityInformation/IPDt02019-02-28
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm012:01:16
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271155496
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROBERT LEE & ASSOCIATES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0999 W TAYLOR STREET SUITE A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN JOSE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd095126
ReturnHeader/PreparerPersonGrp/PhoneNum04088556770
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT A LEE
ReturnHeader/ReturnTs02019-03-12T08:55:18-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-09-01
ReturnHeader/TaxPeriodEndDt02018-08-31

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