Civic Intelligence

Ontario-Montclair Schools Foundation

990 • Fiscal year 2017 • EIN 90-0716973

Jul 01, 2016 to Jun 30, 2017 • Filed on Apr 19, 2018

PO Box 1426Ontario, CA 91761

(909) 418-6331

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

92nd percentile

52%

Higher net margin than 92% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

95th percentile

$177,847

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 72.3% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

82nd percentile

27%

Faster asset growth than 82% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

39th percentile

-0.3%

Faster revenue growth than 39% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$600,724

Up $127,234 (+27%) from 2016

Net Assets

Up

$600,724

Up $127,234 (+27%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$245,821

Down $686 (-0.3%) from 2016

Expenses

Up

$118,587

Up $33,114 (+39%) from 2016

Net Income

Down

$127,234

Down $33,800 (-21%) from 2016

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2013: $138,470Liabilities 2013: $0Net Assets 2013: $138,4702013Assets 2014: $184,764Liabilities 2014: $0Net Assets 2014: $184,7642014Assets 2015: $312,456Liabilities 2015: $0Net Assets 2015: $312,4562015Assets 2016: $473,490Liabilities 2016: $0Net Assets 2016: $473,4902016Assets 2017: $600,724Liabilities 2017: $0Net Assets 2017: $600,7242017Assets 2018: $725,561Liabilities 2018: $0Net Assets 2018: $725,5612018Assets 2019: $1,005,575Liabilities 2019: $1,968Net Assets 2019: $1,003,6072019Assets 2020: $1,254,118Liabilities 2020: $41,423Net Assets 2020: $1,212,6952020Assets 2021: $1,478,728Liabilities 2021: $175Net Assets 2021: $1,478,5532021Assets 2022: $1,548,429Liabilities 2022: $59,158Net Assets 2022: $1,489,2712022Assets 2023: $1,538,564Liabilities 2023: $0Net Assets 2023: $1,538,5642023Assets 2024: $1,638,478Liabilities 2024: $47,571Net Assets 2024: $1,590,9072024

Highlighted filing

2017

Assets$600,724
Liabilities$0
Net Assets$600,724

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2013: $148,861Expenses 2013: $10,391Net Income 2013: $138,4702013Revenue 2014: $82,004Expenses 2014: $36,631Net Income 2014: $45,3732014Revenue 2015: $176,788Expenses 2015: $49,096Net Income 2015: $127,6922015Revenue 2016: $246,507Expenses 2016: $85,473Net Income 2016: $161,0342016Revenue 2017: $245,821Expenses 2017: $118,587Net Income 2017: $127,2342017Revenue 2018: $221,328Expenses 2018: $96,491Net Income 2018: $124,8372018Revenue 2019: $476,387Expenses 2019: $231,156Net Income 2019: $245,2312019Revenue 2020: $507,309Expenses 2020: $285,291Net Income 2020: $222,0182020Revenue 2021: $266,274Expenses 2021: $160,941Net Income 2021: $105,3332021Revenue 2022: $444,097Expenses 2022: $265,666Net Income 2022: $178,4312022Revenue 2023: $246,287Expenses 2023: $275,883Net Income 2023: -$29,5962023Revenue 2024: $253,825Expenses 2024: $302,833Net Income 2024: -$49,0082024

Highlighted filing

2017

Revenue$245,821
Expenses$118,587
Net Income$127,234
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Apr 19, 2018
Return Version
2016v3.0
Gross Receipts
$246,294
Mission and Program Overview

Mission

To support the education of ontario-montclair students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$473,267$600,351▲ $127,084
Accounts Receivable$223$373▲ $150
Total Assets$473,490$600,724▲ $127,234
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$452,465$600,724▲ $148,259
Temporarily Rstr Net Assets$21,025$0▼ $21,025
Total Net Assets Fund Balance$473,490$600,724▲ $127,234
Total Liabilities and Net Assets / Fund Balance$473,490$600,724▲ $127,234
Compensation and Service Providers

Employees

NameTitleOtherTotal
Leslie SorensenEx-officio Member$122,725$122,725

Board Members and Trustees

NameTitle
Shelley GagnetChair
Joy ParkerVice Chair
Chris HollisterEx-officio Member
Tammy LipschultzEx-officio Member
Al BolingMember
Cyndy ByrdMember
Marco RoblesMember
Robert CleelandMember
Kristine ScottSecretary
Anna JuarezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$245,553
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$268
All Other Contributions
$234,046
Change in Net Assets
$127,234

Audited Revenue Reconciliation

Revenue per Audited Statements
$245,821
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$473
Total Revenue per Audited Statements
$246,294
Total Revenue per Form 990
$245,821
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$118,587
Total Fundraising Expense$28,261
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$15,125-$28,121$15,125
All Other Expenses$1,235$7,656$140$9,031
Fees for Services Accounting-$4,100-$4,100
Office Expenses-$242-$242
Total Functional Expenses$78,328$11,998$28,261$118,587

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$119,060
Expenses per Audited Statements$118,587
Total Expenses per Form 990$118,587
Expenses Not Reported on Form 990$473
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$473
Fundraising Gross Income$473
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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 return is reviewed by the board prior to filing.

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

Board members sign annually a conflict of interest policy. If a conflict arises the board member is asked to excuse himself/herself from all voting and discussions on the issue.

Form 990, Part VI, Section C, Line 19

The required documents are available at the business address during normal business hours.

Filing and Contact Details

Filer

Filer Name
Ontario-montclair Schools Foundation
EIN
90-0716973
Phone
9094186331
Address
PO BOX 1426, ONTARIO, CA 91761

Signing Officer

Name
Leslie Sorensen
Title
Board Member
Phone
9094186331
Signed
2018-04-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leslie Sorensen
Formed
2011
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Vavrinektrineday & Co Llp
Address
10681 FOOTHILL BLVD SUITE 300, RANCHO CUCAMONGA, CA 91730
Preparer
Catherine L Gray
Phone
9094664410
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The foundation has adopted financial accounting standards board (fasb) accounting standards codification (asc) topic 740 that clarifies the accounting for uncertainty in tax positions taken or expected to be taken on a tax return and provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if, based on its merits, the position is more likely than not to be sustained on audit by the taxing authorities. Management believes that all tax positions taken to date are highly certain, and, accordingly, no accounting adjustment has been made to the financial statements.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Special event - direct expense 473.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event direct expense 473.

Raw XML AppendixShowing 400 of 441 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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IRS990ScheduleD/OtherRevenueAmt0473
IRS990ScheduleD/RevenueNotReportedAmt0473
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0245821
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740 THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN AND PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF, BASED ON ITS MERITS, THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT BY THE TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT ALL TAX POSITIONS TAKEN TO DATE ARE HIGHLY CERTAIN, AND, ACCORDINGLY, NO ACCOUNTING ADJUSTMENT HAS BEEN MADE TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENT - DIRECT EXPENSE 473.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT DIRECT EXPENSE 473.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0118587
IRS990ScheduleD/TotalRevenuePerForm990Amt0245821
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0246294
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0119060
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0170005
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt07842
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0TAMMY LIPSCHULTZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EX-OFFICIO MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0177847
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN IS REVIEWED BY THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS SIGN ANNUALLY A CONFLICT OF INTEREST POLICY. IF A CONFLICT ARISES THE BOARD MEMBER IS ASKED TO EXCUSE HIMSELF/HERSELF FROM ALL VOTING AND DISCUSSIONS ON THE ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE REQUIRED DOCUMENTS ARE AVAILABLE AT THE BUSINESS ADDRESS DURING NORMAL BUSINESS HOURS.
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
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ONTARIO MONTCLAIR SCHOOL DISTRICT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0956002267
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0GOVERNMENTAL ENTITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOOL DISTRICT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0950 W D ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ONTARIO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd091762
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt021025
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0473490
IRS990/TotalAssetsEOYAmt0600724
IRS990/TotalAssetsGrp/BOYAmt0473490
IRS990/TotalAssetsGrp/EOYAmt0600724
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0245553
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt028261
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011998
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt078328
IRS990/TotalFunctionalExpensesGrp/TotalAmt0118587
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0473490
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0600724
IRS990/TotalOtherCompensationAmt015440
IRS990/TotalProgramServiceExpensesAmt078328
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0268
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0245821
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0473490
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0600724
IRS990/TotReportableCompRltdOrgAmt0285132
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0452465
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0600724
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1426

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.64$0.05$1.59$0.25$0.30$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$0.00$1.54$0.25$0.28$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.55$0.06$1.49$0.44$0.27$0.18
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.48$0.00$1.48$0.27$0.16$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.25$0.04$1.21$0.51$0.29$0.22
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.00$1.00$0.48$0.23$0.25
2018Summary only. Only limited summary data is available for this year.$0.73$0.00$0.73$0.22$0.10$0.12
2017Detailed filing. Detailed filing data is available for this year.$0.60$0.00$0.60$0.25$0.12$0.13
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$0.00$0.47$0.25$0.09$0.16
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.31$0.00$0.31$0.18$0.05$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$0.08$0.04$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.00$0.14$0.15$0.01$0.14