Civic Intelligence

Sjb Child Development Centers

990 • Fiscal year 2022 • EIN 94-1747079

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 10, 2023

1400 Parkmoor Avenue 220San Jose, CA 95126

(408) 414-2700

Siviq Scores

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

Liabilities / Assets

78th percentile

0.54x

Higher debt load relative to assets than 78% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

45th percentile

0.18x

Higher debt load relative to revenue than 45% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

39th percentile

2.3%

Higher net margin than 39% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

43rd percentile

$156,458

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

44th percentile

-1.3%

Faster asset growth than 44% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

69th percentile

17%

Faster revenue growth than 69% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Down

$5,435,445

Down $69,502 (-1.3%) from 2021

Net Assets

Up

$2,487,556

Up $238,896 (+11%) from 2021

Liabilities

Down

$2,947,889

Down $308,398 (-9.5%) from 2021

Revenue

Up

$16,724,123

Up $2,439,673 (+17%) from 2021

Expenses

Up

$16,332,837

Up $2,214,516 (+16%) from 2021

Net Income

Up

$391,286

Up $225,157 (+136%) from 2021

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $3,818,455Liabilities 2011: $996,982Net Assets 2011: $2,821,4732011Assets 2012: $3,182,143Liabilities 2012: $622,298Net Assets 2012: $2,559,8452012Assets 2013: $2,624,466Liabilities 2013: $543,344Net Assets 2013: $2,081,1222013Assets 2014: $2,288,403Liabilities 2014: $633,757Net Assets 2014: $1,654,6462014Assets 2015: $1,655,676Liabilities 2015: $662,027Net Assets 2015: $993,6492015Assets 2016: $1,450,554Liabilities 2016: $573,975Net Assets 2016: $876,5792016Assets 2017: $1,735,883Liabilities 2017: $629,009Net Assets 2017: $1,106,8742017Assets 2018: $2,027,061Liabilities 2018: $620,556Net Assets 2018: $1,406,5052018Assets 2019: $4,066,179Liabilities 2019: $2,403,194Net Assets 2019: $1,662,9852019Assets 2020: $4,935,930Liabilities 2020: $3,034,568Net Assets 2020: $1,901,3622020Assets 2021: $5,504,947Liabilities 2021: $3,256,287Net Assets 2021: $2,248,6602021Assets 2022: $5,435,445Liabilities 2022: $2,947,889Net Assets 2022: $2,487,5562022Assets 2023: $9,522,096Liabilities 2023: $4,237,865Net Assets 2023: $5,284,2312023Assets 2024: $14,335,347Liabilities 2024: $4,965,563Net Assets 2024: $9,369,7842024

Highlighted filing

2022

Assets$5,435,445
Liabilities$2,947,889
Net Assets$2,487,556

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2011: $8,261,752Expenses 2011: $8,122,829Net Income 2011: $138,9232011Revenue 2012: $6,705,224Expenses 2012: $6,947,038Net Income 2012: -$241,8142012Revenue 2013: $5,705,419Expenses 2013: $6,216,837Net Income 2013: -$511,4182013Revenue 2014: $6,087,327Expenses 2014: $6,394,417Net Income 2014: -$307,0902014Revenue 2015: $5,483,270Expenses 2015: $6,152,400Net Income 2015: -$669,1302015Revenue 2016: $5,525,798Expenses 2016: $5,642,868Net Income 2016: -$117,0702016Revenue 2017: $6,160,481Expenses 2017: $5,954,218Net Income 2017: $206,2632017Revenue 2018: $7,769,205Expenses 2018: $7,475,718Net Income 2018: $293,4872018Revenue 2019: $9,464,014Expenses 2019: $9,225,954Net Income 2019: $238,0602019Revenue 2020: $12,133,188Expenses 2020: $11,912,967Net Income 2020: $220,2212020Revenue 2021: $14,284,450Expenses 2021: $14,118,321Net Income 2021: $166,1292021Revenue 2022: $16,724,123Expenses 2022: $16,332,837Net Income 2022: $391,2862022Revenue 2023: $21,929,122Expenses 2023: $19,227,728Net Income 2023: $2,701,3942023Revenue 2024: $27,444,600Expenses 2024: $23,472,415Net Income 2024: $3,972,1852024

Highlighted filing

2022

Revenue$16,724,123
Expenses$16,332,837
Net Income$391,286
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 10, 2023
Return Version
2021v4.1
Gross Receipts
$16,724,123
Mission and Program Overview

Mission

To provide high quality educational childcare for children 0 to 12 years of age and to strengthen and support families throughout Santa Clara County.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,682,831$1,921,289▲ $238,458
Pledges and Grants Receivable$1,614,577$1,389,144▼ $225,433
Land, Buildings, and Equipment, Net$973,078$1,027,473▲ $54,395
Investments in Publicly Traded Securities$1,027,073$865,995▼ $161,078
Prepaid Expenses and Deferred Charges$137,259$190,090▲ $52,831
Accounts Receivable$68,554$40,029▼ $28,525
Cash and Non-Interest-Bearing Accounts$1,575$1,425▼ $150
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$5,504,947$5,435,445▼ $69,502
Other Assets Total-$0-
Liabilities
Other Liabilities$1,433,346$1,433,489▲ $143
Accounts Payable and Accrued Expenses$1,240,161$1,068,828▼ $171,333
Grants Payable$531,683$408,843▼ $122,840
Unsecured Notes Loans Payable$51,097$36,729▼ $14,368
Total Liabilities$3,256,287$2,947,889▼ $308,398
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,221,587$1,963,703▲ $742,116
Net Assets With Donor Restrictions$1,027,073$523,853▼ $503,220
Total Net Assets Fund Balance$2,248,660$2,487,556▲ $238,896
Total Liabilities and Net Assets / Fund Balance$5,504,947$5,435,445▼ $69,502

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$527,615$1,706,342$2,233,957
Leasehold Improvements$487,258$679,750$1,167,008
Other Land Buildings-$22,500$22,500
Buildings$12,600-$12,600
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kelly MercurioCEOFT$156,458$156,458
Wai-Yee PhamCFOFT$139,340$139,340

Board Members and Trustees

NameTitle
Victor HassanChairman
Gregg NurnbergVice Chair
Ana TrujilloDirector
Bud LoMonacoDirector
Diane SwingDirector
Mattilon Smith VanderhorstDirector
Pebbie VerdecannaDirector
Sheryll EbbsDirector
Vince TranDirector
Marian F DixonSecretary
Kevin MezaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Empire Building and MaintenanceJanitorial and maint.1250 Ames Avenue 100, Milpitas, CA 95035$191,096
Hill Valley LandscapingLandscaping1085 Easy Street, Morgan Hill, CA 95126$110,540
Revenue and Support

Revenue Composition

Contributions and Grants
$15,946,003
Program Service Revenue
$778,095
Investment Income
$25
Other Revenue
$0
All Other Contributions
$99,267
Change in Net Assets
$391,286

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,724,123
Revenue Not Reported on Form 990
$109,010
Total Revenue per Audited Statements
$16,833,133
Total Revenue per Form 990
$16,724,123
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,901,703
Other Expenses$3,431,134
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,204,367$612,975-$9,817,342
Other Employee Benefits$1,604,024$227,738-$1,831,762
Payroll Taxes$744,261$79,859-$824,120
Office Expenses$633,750$51,842-$685,592
Fees for Services Other$189,003$344,220-$533,223
Occupancy$313,000$22,265-$335,265
Current Officers, Directors, Trustees, and Key Employees-$295,798-$295,798
Depreciation Depletion$149,893$71,339-$221,232
Pension Plan Contributions$91,462$41,219-$132,681
All Other Expenses$51,818$74,861-$126,679
Insurance$90,903$26,766-$117,669
Other Expenses$97,147$100-$97,247
Travel$56,798$4,596-$61,394
Conferences and Meetings$28,214$5,506-$33,720
Total Functional Expenses$14,415,822$1,917,015$0$16,332,837

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$16,594,237
Expenses per Audited Statements$16,332,837
Total Expenses per Form 990$16,332,837
Expenses Not Reported on Form 990$261,400
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
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
CDE reserve$1,433,489
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

1. The agency's CPA shall prepare Form 990 for the board to review.2. The prepared Form 990 shall be circulated at the first scheduled board meeting following completion of Form 990 by the agency's CPA. All board members present will receive a copy.3. Any discussions will be captured in the minutes with respect to Form 990 prior to Board approval.4. Board shall approve all contents of Form 990 after review and discussion.5. The Executive Director shall sign Form 990 and file with the Internal Revenue Service upon board approval.

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

1. The officer or director of the organization are continually reminded of the organization's conflict of interest policy and have a duty to disclose any such potential conflicts. If the governing board has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after the member's response and after making further investigation as warranted by the circumstances, the governing board determines the member has failed to disclose an actual or possible conflict of interest, it shall take the appropriate disciplinary and corrective action. The proceedings are recorded in the minutes and are made available to the public upon request.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

1) Beginning compensation is based on the qualifications of each candidate, the SJB's organizational structure, SJB's ability to compensate and market research. 2) Yearly increases are based on the performance of the each officer during an evaluation period and the organization's ability to compensate each officer and are approved by the Board during meetings.3) Both salaries are recommended and approve during the budget process.

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

All documents are available upon request.Request made in person- we must provide a copy on the same day.Request made in writing- provide copies within 30 days.

Filing and Contact Details

Filer

Filer Name
SJB Child Development Centers
EIN
94-1747079
Phone
4084142700
Address
1400 Parkmoor Avenue 220, San Jose, CA 95126

Signing Officer

Name
Kelly Mercurio
Title
CEO
Signed
2023-04-10
Discuss with paid preparer
Yes

Organization Details

Formed
1971
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
11
Employees
258
Volunteers
11

Preparer

Firm
Allan Liu CPA
Address
201 WILLOW AVE, MILLBRAE, CA 94030
Preparer
Allan Liu
Phone
6506921172
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$14.3$4.97$9.37$27.4$23.5$3.97
2023Detailed filing. Detailed filing data is available for this year.$9.52$4.24$5.28$21.9$19.2$2.70
2022Detailed filing. Detailed filing data is available for this year.$5.44$2.95$2.49$16.7$16.3$0.39
2021Detailed filing. Detailed filing data is available for this year.$5.50$3.26$2.25$14.3$14.1$0.17
2020Detailed filing. Detailed filing data is available for this year.$4.94$3.03$1.90$12.1$11.9$0.22
2019Detailed filing. Detailed filing data is available for this year.$4.07$2.40$1.66$9.46$9.23$0.24
2018Detailed filing. Detailed filing data is available for this year.$2.03$0.62$1.41$7.77$7.48$0.29
2017Detailed filing. Detailed filing data is available for this year.$1.74$0.63$1.11$6.16$5.95$0.21
2016Summary only. Only limited summary data is available for this year.$1.45$0.57$0.88$5.53$5.64$0.12
2015Summary only. Only limited summary data is available for this year.$1.66$0.66$0.99$5.48$6.15$0.67
2014Summary only. Only limited summary data is available for this year.$2.29$0.63$1.65$6.09$6.39$0.31
2013Summary only. Only limited summary data is available for this year.$2.62$0.54$2.08$5.71$6.22$0.51
2012Summary only. Only limited summary data is available for this year.$3.18$0.62$2.56$6.71$6.95$0.24
2011Summary only. Only limited summary data is available for this year.$3.82$1.00$2.82$8.26$8.12$0.14