Civic Intelligence

The Children'S Education Initiative

EIN 84-3154132 • 501(c)3 • San Diego, CA

Profile

The children's education initiative (tcei) is dedicated to improving the quality of education for socioeconomically disadvantaged children.

4747 Executive Drive 210San Diego, CA 92121

www.tcei.org

Siviq Scores

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

Liabilities / Assets

4th percentile

0.00x

Higher debt load relative to assets than 4% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

6th percentile

0.01x

Higher debt load relative to revenue than 6% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

97th percentile

74%

Higher net margin than 97% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

35th percentile

$372,234

Higher top officer pay than 35% of similar nonprofits.

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

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

49th percentile

5.6%

Faster asset growth than 49% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

92nd percentile

77%

Faster revenue growth than 92% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$111,641,372

Up $5,965,725 (+5.6%) from 2023

Liabilities

Up

$91,632

Up $82,927 (+953%) from 2023

Net Assets

Up

$111,549,740

Up $5,882,798 (+5.6%) from 2023

Revenue

Up

$8,468,518

Up $3,686,132 (+77%) from 2023

Expenses

Up

$2,212,453

Up $865,023 (+64%) from 2023

Net Income

Up

$6,256,065

Up $2,821,109 (+82%) from 2023

Trend Graphs

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2019: $44,543,800Liabilities 2019: $43,376Net Assets 2019: $44,500,4242019Assets 2020: $94,480,464Liabilities 2020: $695,040Net Assets 2020: $93,785,4242020Assets 2021: $98,754,305Liabilities 2021: $30,279Net Assets 2021: $98,724,0262021Assets 2022: $105,424,764Liabilities 2022: $1,500Net Assets 2022: $105,423,2642022Assets 2023: $105,675,647Liabilities 2023: $8,705Net Assets 2023: $105,666,9422023Assets 2024: $111,641,372Liabilities 2024: $91,632Net Assets 2024: $111,549,7402024

Highlighted filing

2024

Assets$111,641,372
Liabilities$91,632
Net Assets$111,549,740

Operations Trend

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

$60M$40M$20M$0Revenue 2019: $39,529,474Expenses 2019: $87,379Net Income 2019: $39,442,0952019Revenue 2020: $53,653,261Expenses 2020: $782,163Net Income 2020: $52,871,0982020Revenue 2021: $2,334,961Expenses 2021: $33,460Net Income 2021: $2,301,5012021Revenue 2022: $5,401,108Expenses 2022: $43,309Net Income 2022: $5,357,7992022Revenue 2023: $4,782,386Expenses 2023: $1,347,430Net Income 2023: $3,434,9562023Revenue 2024: $8,468,518Expenses 2024: $2,212,453Net Income 2024: $6,256,0652024

Highlighted filing

2024

Revenue$8,468,518
Expenses$2,212,453
Net Income$6,256,065

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$17,286,962
Mission and Program Overview

Mission

The children's education initiative (tcei) is dedicated to improving the quality of education for socioeconomically disadvantaged children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$79,092,807$95,826,986▲ $16,734,179
Investments in Publicly Traded Securities$10,159,797$7,190,329▼ $2,969,468
Investments Other Securities$4,700,000$4,700,000→ $0
Other Notes and Loans Receivable, Net$8,850,000$3,438,818▼ $5,411,182
Cash and Non-Interest-Bearing Accounts$1,859,706$28,999▼ $1,830,707
Total Assets$105,675,647$111,641,372▲ $5,965,725
Other Assets Total$1,013,337$456,240▼ $557,097
Liabilities
Accounts Payable and Accrued Expenses$3,343$77,638▲ $74,295
Other Liabilities$5,362$13,994▲ $8,632
Total Liabilities$8,705$91,632▲ $82,927
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$105,666,942$111,549,740▲ $5,882,798
Total Net Assets Fund Balance$105,666,942$111,549,740▲ $5,882,798
Total Liabilities and Net Assets / Fund Balance$105,675,647$111,641,372▲ $5,965,725
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Aj YatesDirector, ProgramsFT$231,000$141,234$372,234

Board Members and Trustees

NameTitle
Kevin TangCEO, Chairman of the Board
Aaron DavisDirector
Andrew McdonaldDirector
Craig JohnsonDirector
Roderick WongDirector
Michael HearneCFO, Treasurer & Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$100,000
Program Service Revenue
$0
Investment Income
$8,368,518
Other Revenue
$0
All Other Contributions
$100,000
Change in Net Assets
$6,256,065

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,468,518
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-373,268
Total Revenue per Audited Statements
$8,095,250
Total Revenue per Form 990
$8,468,518
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,597,738
Salaries, Compensation, and Employee Benefits$433,823
Other Expenses$180,892
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,597,738--$1,597,738
Other Salaries and Wages$247,496$13,592-$261,088
Other Employee Benefits$128,892$7,078-$135,970
Travel$54,753$22,757-$77,510
Information Technology$31,684--$31,684
Payroll Taxes$21,586$1,185-$22,771
Pension Plan Contributions$13,265$729-$13,994
Fees for Services Accounting-$13,625-$13,625
Insurance$445$3,620-$4,065
Fees for Services Legal-$2,723-$2,723
Other Expenses-$304-$304
Office Expenses-$56-$56
Total Functional Expenses$2,095,859$116,594$0$2,212,453

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,212,453
Total Expenses per Audited Statements$2,212,453
Total Expenses per Form 990$2,212,453
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Squared NetworkBoston, MA501(c)(3)Support Donation$321,792
Colorado Rocky Mountain School IncCarbondale, CO501(c)(3)Support Donation$250,000
STMARK'S SCHOOLAltadena, CA501(c)(3)Support Donation$206,716
The Potomac SchoolMclean, VA501(c)(3)Support Donation$185,226
Los Encinos SchoolEncino, CA501(c)(3)Support Donation$143,835
Mark Day SchoolSan Rafael, CA501(c)(3)Support Donation$123,444
Live Oak a Learning Center for ChildrenSan Francisco, CA501(c)(3)Support Donation$116,725
Echo FoundationCulver City, CA501(c)(3)Support Donation$50,000
Island Pacific Academy IncKapolei, HI501(c)(3)Support Donation$50,000
Sheridan SchoolWashington, DC501(c)(3)Support Donation$50,000
The Frances Xavier Warde SchoolChicagi, IL501(c)(3)Support Donation$50,000
Town School for BoysSan Francisco, CA501(c)(3)Support Donation$50,000
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
Accrued Compensation$13,994
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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 A, Line 2

Michael hearne and kevin tang have business relationships with each other and with aaron davis and craig johnson.

Form 990, Part VI, Section B, Line 11B

The form 990 is emailed to the board prior to filing the return.

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

Board members abstain from discussion and voting on any matters that may result in a conflict of interest. In addition, each board member is required to complete and sign a conflict of interest statement periodically.

Form 990, Part VI, Section C, Line 19

These documents are available upon request.

Filing and Contact Details

Filer

Filer Name
THE CHILDREN'S EDUCATION INITIATIVE
EIN
84-3154132
Phone
8582003830
Address
4747 EXECUTIVE DRIVE 210, SAN DIEGO, CA 92121

Signing Officer

Name
Michael Hearne
Title
CFO, Treasurer, & Secretary
Phone
8582003830
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Hearne
Formed
2019
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
2
Volunteers
5

Preparer

Firm
Weaver and Tidwell Llp
Address
2300 N FIELD ST STE 1000, DALLAS, TX 75201
Preparer
Sara Burkhart
Phone
9724901970
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

No change to the audit procedures occurred during the current year.

Financial Statement Notes

PART X, LINE 2:

Tcei was formed as a california nonprofit corporation and is classified by the irs as a 501(c)(3) publicly supported organization, which means that it is generally exempt from both federal and state income taxes. Income, if any, that is deemed to be unrelated business taxable income ("ubti") is subject to federal and state income taxes. Ubti is operational income that is not related to the tax-exempt purpose of the organization. Dividends, interest, certain other investment income, royalties, certain rental income, certain income from research activities and gains or losses from the disposition of property are excluded when computing ubti. Donors may deduct charitable contributions to tcei under the internal revenue code section 170(b)(1)(a)(vi). For uncertain tax positions that meet a "more likely than not" threshold, tcei recognizes the benefit of uncertain tax positions in its financial statements. During the year ended december 31, 2024 and 2023, tcei had no uncertain tax positions. Tcei records interest and penalties, if any, related to uncertain tax positions as a component of income tax expense. During the year ended december 31, 2024 and 2023, tcei did not recognize a provison for income taxes.

Raw XML AppendixShowing 400 of 546 raw XML fields

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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IRS990/Form990PartVIISectionAGrp/TitleTxt5CFO, TREASURER & SECRETARY
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt095826986
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0100000
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0221124
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt011884865
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt06951
IRS990ScheduleA/OtherIncome170Grp/TotalAmt06951
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportPY170Pct00.49350
IRS990ScheduleA/PublicSupportTotal170Amt051595506
IRS990ScheduleA/SubstantialContributorsTotAmt05256494
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt056852000
IRS990ScheduleA/TotalSupportAmt072175310
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt03431494
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013994
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED COMPENSATION
IRS990ScheduleD/RevenueNotReportedAmt0-373268
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt08468518
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TCEI WAS FORMED AS A CALIFORNIA NONPROFIT CORPORATION AND IS CLASSIFIED BY THE IRS AS A 501(C)(3) PUBLICLY SUPPORTED ORGANIZATION, WHICH MEANS THAT IT IS GENERALLY EXEMPT FROM BOTH FEDERAL AND STATE INCOME TAXES. INCOME, IF ANY, THAT IS DEEMED TO BE UNRELATED BUSINESS TAXABLE INCOME ("UBTI") IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. UBTI IS OPERATIONAL INCOME THAT IS NOT RELATED TO THE TAX-EXEMPT PURPOSE OF THE ORGANIZATION. DIVIDENDS, INTEREST, CERTAIN OTHER INVESTMENT INCOME, ROYALTIES, CERTAIN RENTAL INCOME, CERTAIN INCOME FROM RESEARCH ACTIVITIES AND GAINS OR LOSSES FROM THE DISPOSITION OF PROPERTY ARE EXCLUDED WHEN COMPUTING UBTI. DONORS MAY DEDUCT CHARITABLE CONTRIBUTIONS TO TCEI UNDER THE INTERNAL REVENUE CODE SECTION 170(B)(1)(A)(VI). FOR UNCERTAIN TAX POSITIONS THAT MEET A "MORE LIKELY THAN NOT" THRESHOLD, TCEI RECOGNIZES THE BENEFIT OF UNCERTAIN TAX POSITIONS IN ITS FINANCIAL STATEMENTS. DURING THE YEAR ENDED DECEMBER 31, 2024 AND 2023, TCEI HAD NO UNCERTAIN TAX POSITIONS. TCEI RECORDS INTEREST AND PENALTIES, IF ANY, RELATED TO UNCERTAIN TAX POSITIONS AS A COMPONENT OF INCOME TAX EXPENSE. DURING THE YEAR ENDED DECEMBER 31, 2024 AND 2023, TCEI DID NOT RECOGNIZE A PROVISON FOR INCOME TAXES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt02212453
IRS990ScheduleD/TotalLiabilityAmt013994
IRS990ScheduleD/TotalRevenuePerForm990Amt08468518
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08095250
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IRS990ScheduleI/GrantRecordsMaintainedInd01
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IRS990ScheduleI/RecipientTable/CashGrantAmt250000
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IRS990ScheduleI/RecipientTable/CashGrantAmt4116725
IRS990ScheduleI/RecipientTable/CashGrantAmt5143835
IRS990ScheduleI/RecipientTable/CashGrantAmt6123444
IRS990ScheduleI/RecipientTable/CashGrantAmt750000
IRS990ScheduleI/RecipientTable/CashGrantAmt8206716
IRS990ScheduleI/RecipientTable/CashGrantAmt950000
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IRS990ScheduleI/RecipientTable/CashGrantAmt11321792
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
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IRS990ScheduleI/RecipientTable/IRCSectionDesc5501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc7501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc8501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc9501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc10501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc11501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt60
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt70
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt80
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt90
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt100
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt110
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT DONATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SUPPORT DONATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2SUPPORT DONATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3SUPPORT DONATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4SUPPORT DONATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5SUPPORT DONATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6SUPPORT DONATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7SUPPORT DONATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8SUPPORT DONATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9SUPPORT DONATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10SUPPORT DONATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt11SUPPORT DONATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0TOWN SCHOOL FOR BOYS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1COLORADO ROCKY MOUNTAIN SCHOOL INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2ECHO FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3ISLAND PACIFIC ACADEMY INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4LIVE OAK A LEARNING CENTER FOR CHILDREN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5LOS ENCINOS SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6MARK DAY SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7SHERIDAN SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8STMARK'S SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9THE FRANCES XAVIER WARDE SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt10THE POTOMAC SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt11THE SQUARED NETWORK
IRS990ScheduleI/RecipientTable/RecipientEIN0941170412
IRS990ScheduleI/RecipientTable/RecipientEIN1840425174
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IRS990ScheduleI/RecipientTable/RecipientEIN9270259853
IRS990ScheduleI/RecipientTable/RecipientEIN10540562160
IRS990ScheduleI/RecipientTable/RecipientEIN11921469219
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02750 JACKSON ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1500 HOLDEN WAY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt23430 MCMANUS AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3909 HAUMEA STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt41555 MARIPOSA ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt517100 VENTURA BLVD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt639 TRELLIS DRIVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt74400 36TH ST NW
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt81050 E ALTADENA DR
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt9751 N STATE STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt101301 POTOMAC SCHOOL ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1137 BEACON ST UNIT 21
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SAN FRANCISCO
IRS990ScheduleI/RecipientTable/USAddress/CityNm1CARBONDALE
IRS990ScheduleI/RecipientTable/USAddress/CityNm2CULVER CITY
IRS990ScheduleI/RecipientTable/USAddress/CityNm3KAPOLEI
IRS990ScheduleI/RecipientTable/USAddress/CityNm4SAN FRANCISCO
IRS990ScheduleI/RecipientTable/USAddress/CityNm5ENCINO
IRS990ScheduleI/RecipientTable/USAddress/CityNm6SAN RAFAEL
IRS990ScheduleI/RecipientTable/USAddress/CityNm7WASHINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm8ALTADENA
IRS990ScheduleI/RecipientTable/USAddress/CityNm9CHICAGI
IRS990ScheduleI/RecipientTable/USAddress/CityNm10MCLEAN
IRS990ScheduleI/RecipientTable/USAddress/CityNm11BOSTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1CO

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