Civic Intelligence

Mulberry School Inc

990 • Fiscal year 2018 • EIN 94-1566020

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 03, 2019

220 Belgatos RoadLos Gatos, CA 95032

(408) 358-9080

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$707,269

Flat from 2018

Net Assets

Flat

-$166,075

Flat from 2018

Liabilities

Flat

$873,344

Flat from 2018

Revenue And Expenses

Revenue

Flat

$2,980,277

Flat from 2018

Expenses

Flat

$3,077,392

Flat from 2018

Net Income

Flat

-$97,115

Flat from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $1,520,414Liabilities 2011: $601,084Net Assets 2011: $919,3302011Assets 2012: $1,665,411Liabilities 2012: $654,659Net Assets 2012: $1,010,7522012Assets 2013: $1,643,495Liabilities 2013: $684,205Net Assets 2013: $959,2902013Assets 2014: $1,342,077Liabilities 2014: $695,363Net Assets 2014: $646,7142014Assets 2015: $1,188,103Liabilities 2015: $711,243Net Assets 2015: $476,8602015Assets 2016: $1,036,691Liabilities 2016: $740,569Net Assets 2016: $296,1222016Assets 2017: $733,924Liabilities 2017: $803,257Net Assets 2017: -$69,3332017Assets 2018: $707,269Liabilities 2018: $873,344Net Assets 2018: -$166,0752018Assets 2018: $707,269Liabilities 2018: $873,344Net Assets 2018: -$166,0752018Assets 2019: $804,800Liabilities 2019: $727,390Net Assets 2019: $77,4102019Assets 2020: $2,413,736Liabilities 2020: $2,614,255Net Assets 2020: -$200,5192020Assets 2025: $371,931Liabilities 2025: $1,435Net Assets 2025: $370,4962025

Highlighted filing

2018

Assets$707,269
Liabilities$873,344
Net Assets-$166,075

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,925,771Expenses 2011: $1,921,999Net Income 2011: $3,7722011Revenue 2012: $2,222,607Expenses 2012: $2,130,582Net Income 2012: $92,0252012Revenue 2013: $2,237,938Expenses 2013: $2,220,170Net Income 2013: $17,7682013Revenue 2014: $1,918,951Expenses 2014: $2,231,527Net Income 2014: -$312,5762014Revenue 2015: $2,036,488Expenses 2015: $2,192,635Net Income 2015: -$156,1472015Revenue 2016: $2,376,820Expenses 2016: $2,557,558Net Income 2016: -$180,7382016Revenue 2017: $2,456,257Expenses 2017: $2,821,256Net Income 2017: -$364,9992017Revenue 2018: $2,980,277Expenses 2018: $3,077,392Net Income 2018: -$97,1152018Revenue 2018: $2,980,277Expenses 2018: $3,077,392Net Income 2018: -$97,1152018Revenue 2019: $2,987,867Expenses 2019: $2,744,380Net Income 2019: $243,4872019Revenue 2020: $3,024,800Expenses 2020: $3,303,107Net Income 2020: -$278,3072020Revenue 2025: $206,417Expenses 2025: $59,199Net Income 2025: $147,2182025

Highlighted filing

2018

Revenue$2,980,277
Expenses$3,077,392
Net Income-$97,115
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 3, 2019
Return Version
2017v2.2
Gross Receipts
$2,980,277
Mission and Program Overview

Mission

Mulberry school inspires children to a life of learning and positive contributions to community by weaving creativity and social learning into every day. We foster intellectual and social success for a lifetime.

Mulberry School inspires children to a life of learning and positive contribution to community: by weaving creativity and social learning into every day we foster intellectual and social success for a lifetime.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$364,555$356,804▼ $7,751
Land, Buildings, and Equipment, Net$185,411$136,000▼ $49,411
Accounts Receivable$18,053$55,162▲ $37,109
Prepaid Expenses and Deferred Charges$28,542$21,938▼ $6,604
Savings and Temporary Cash Investments$12,363$12,365▲ $2
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 Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$733,924$707,269▼ $26,655
Other Assets Total$125,000$125,000→ $0
Liabilities
Deferred Revenue$397,347$540,305▲ $142,958
Accounts Payable and Accrued Expenses$167,040$170,943▲ $3,903
Other Liabilities$238,870$162,096▼ $76,774
Total Liabilities$803,257$873,344▲ $70,087
Net Assets / Fund Balance
Temporarily Rstr Net Assets$31,053$63,535▲ $32,482
Permanently Rstr Net Assets$10,338$10,338→ $0
Unrestricted Net Assets$-110,724$-239,948▼ $129,224
Total Net Assets Fund Balance$-69,333$-166,075▼ $96,742
Total Liabilities and Net Assets / Fund Balance$733,924$707,269▼ $26,655

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$85,165$557,234$642,399
Equipment$50,835$195,124$245,959
Other Assets Org$125,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kara RiordanHead of schoolFT$131,248$10,698$141,946

Board Members and Trustees

NameTitle
Lynn HillebrechtChair
Tanja EvansFinance Chair
Kirsten KingVice Chair
Bill PfahnlAt large
Cheri GoodmanAt Large
Derek AlmeidaAt large
Jackey GarciaAt large
Jill MaggiAt large
Lisa DanielsAt large
Sanem AlkanAt large
Timothy WoodAt large
Lynn GolbetzSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$196,445
Program Service Revenue
$2,467,154
Investment Income
$2
Other Revenue
$316,676
All Other Contributions
$155,975
Change in Net Assets
$-97,115

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,980,277
Total Revenue per Audited Statements
$2,980,277
Total Revenue per Form 990
$2,980,277
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,042,633
Other Expenses$1,034,759
Total Fundraising Expense$168,850
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,199,493$281,503$45,033$1,526,029
Occupancy$515,200$67,467$30,667$613,334
Other Employee Benefits$178,896$44,724$11,769$235,389
Current Officers, Directors, Trustees, and Key Employees$74,308$37,153$37,153$148,614
Payroll Taxes$100,862$25,232$6,507$132,601
All Other Expenses-$69,601$4,469$74,070
Depreciation Depletion$44,870$5,875$2,671$53,416
Insurance$30,360$5,454$330$36,144
Advertising$32,288--$32,288
Other Expenses$15,712$35,085$24,813$24,813
Total Functional Expenses$2,326,542$582,000$168,850$3,077,392

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,077,392
Total Expenses per Audited Statements$3,077,392
Total Expenses per Form 990$3,077,392
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$43,384
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Steppin' Out$70,914$43,354-$43,354
Other Events$12,940$30-$30
Total Events$83,854$43,384-$43,384
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred rent$162,096
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 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
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, Line 11B: Form 990 Review Process

The tax return is prepared by a Certified Public Accountant and isforwarded to principle officer for review, once it is reviewed theCertified Public Accountant will print out the final return for signatureand mailing. The tax return is made available to the full board prior toits filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

All Officers/Directors/Trustees are required to disclose potential conflicts prior to becoming a board member and are required to disclose any potentialconflicts as they arise while serving on the board.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Head of School's compensation is determined by the Board of Trustees.The compensation package was developed by reviewing market surveys whichprovided compensation ranges based on comparable non-profit organizations,location, organization size and the Head of School's responsibility level.The Board also took into consideration the following: Relationship of theHead of School compensation to the compensation of other employees, thecomplexity of the organization and its size, the job duties of the Head ofSchool, the individual's salary history, and the organization's need forthe services of the Head of School.

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

The Organization makes its governing documents available to the public via the internet through the guidestar website or via directly upon request.

Filing and Contact Details

Filer

Filer Name
Mulberry School
EIN
94-1566020
Phone
4083589080
Address
220 Belgatos Road, Los Gatos, CA 95032

Signing Officer

Name
Kara Riordan
Title
Head of school
Signed
2019-04-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kara Riordan
Formed
1963
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
80
Volunteers
18

Preparer

Firm
Iryna Ac
Address
1000 Broadway 200-G, Oakland, CA 94607
Preparer
Iryna Oreshkova CPA
Phone
5104679506
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The School is exempt from federal and state income taxes under section 501(c)3 of the Internal Revenue Code and Section 23701(d) of the California Code. The School is considered a publicly supported organization. The Financial Accounting Standards Board prescribes a recognition threshold and a measurement attribute for financial statement recognition of tax positions taken or expected to be taken on a tax return. Management has evaluated its uncertain tax positions and related income tax contingencies and does not believe any material uncertain tax positions exist.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The School is exempt from federal and state income taxes under section 501(c)3 of the Internal Revenue Code and Section 23701(d) of the California Code. The School is considered a publicly supported organization. The Financial Accounting Standards Board prescribes a recognition threshold and a measurement attribute for financial statement recognition of tax positions taken or expected to be taken on a tax return. Management has evaluated its uncertain tax positions and related income tax contingencies and does not believe any material uncertain tax positions exist.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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