Civic Intelligence

Sjb Child Development Centers

990 • Fiscal year 2023 • EIN 94-1747079

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 02, 2024

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

72nd percentile

0.45x

Higher debt load relative to assets than 72% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

44th percentile

0.19x

Higher debt load relative to revenue than 44% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

67th percentile

12%

Higher net margin than 67% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

49th percentile

$178,060

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

94th percentile

75%

Faster asset growth than 94% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

81st percentile

31%

Faster revenue growth than 81% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$9,522,096

Up $4,086,651 (+75%) from 2022

Net Assets

Up

$5,284,231

Up $2,796,675 (+112%) from 2022

Liabilities

Up

$4,237,865

Up $1,289,976 (+44%) from 2022

Revenue

Up

$21,929,122

Up $5,204,999 (+31%) from 2022

Expenses

Up

$19,227,728

Up $2,894,891 (+18%) from 2022

Net Income

Up

$2,701,394

Up $2,310,108 (+590%) from 2022

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

2023

Assets$9,522,096
Liabilities$4,237,865
Net Assets$5,284,231

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

2023

Revenue$21,929,122
Expenses$19,227,728
Net Income$2,701,394
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 2, 2024
Return Version
2022v5.0
Gross Receipts
$21,929,122
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$1,921,289$4,365,404▲ $2,444,115
Pledges and Grants Receivable$1,389,144$1,937,785▲ $548,641
Land, Buildings, and Equipment, Net$1,027,473$1,183,503▲ $156,030
Investments in Publicly Traded Securities$865,995$952,873▲ $86,878
Prepaid Expenses and Deferred Charges$190,090$240,996▲ $50,906
Accounts Receivable$40,029$22,984▼ $17,045
Cash and Non-Interest-Bearing Accounts$1,425$1,300▼ $125
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$6,519,592$9,522,096▲ $3,002,504
Other Assets Total$1,084,147$817,251▼ $266,896
Liabilities
Other Liabilities$2,517,636$2,354,783▼ $162,853
Accounts Payable and Accrued Expenses$1,068,828$1,366,066▲ $297,238
Grants Payable$408,843$494,656▲ $85,813
Unsecured Notes Loans Payable$36,729$22,360▼ $14,369
Total Liabilities$4,032,036$4,237,865▲ $205,829
Net Assets / Fund Balance
Net Assets With Donor Restrictions$523,853$3,042,775▲ $2,518,922
Net Assets Without Donor Restrictions$1,963,703$2,241,456▲ $277,753
Total Net Assets Fund Balance$2,487,556$5,284,231▲ $2,796,675
Total Liabilities and Net Assets / Fund Balance$6,519,592$9,522,096▲ $3,002,504

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$427,595$1,852,286$2,279,881
Leasehold Improvements$743,308$796,147$1,539,455
Other Land Buildings-$22,500$22,500
Buildings$12,600-$12,600
Other Assets Org$817,251--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kelly MercurioCEOFT$178,060$178,060
Wai-Yee PhamCFOFT$158,047$158,047
Melissa LezaProgram DirectorFT$120,922$120,922
Picha WilsonEducation Health &FT$120,897$120,897
Lynda LedoFamily Services DiFT$115,611$115,611
Mandy SollisHR DirectorFT$114,625$114,625

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
Crystal Janitorial Services IncJanitorial2655 Pacer Lane, San Jose, CA 95111$259,286
Hill Valley LandscapingLandscaping1085 Easy Street, Morgan Hill, CA 95126$146,231
Coast Range TechnologiesTechnology512 Deer Ct, San Jose, CA 95123$106,614
Wolfe Mechanical IncMaintenance & repairs1550 Dell Ave Ste H, Campbell, CA 95008$101,873
Revenue and Support

Revenue Composition

Contributions and Grants
$20,658,136
Program Service Revenue
$1,270,953
Investment Income
$33
Other Revenue
$0
All Other Contributions
$85,932
Change in Net Assets
$2,701,394

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,929,122
Revenue Not Reported on Form 990
$331,704
Total Revenue per Audited Statements
$22,260,826
Total Revenue per Form 990
$21,929,122
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$15,277,415
Other Expenses$3,950,313
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,890,431$722,617-$11,613,048
Other Employee Benefits$1,898,966$316,457-$2,215,423
Payroll Taxes$890,582$83,787-$974,369
Fees for Services Other$346,486$311,534-$658,020
Occupancy$332,955$51,480-$384,435
All Other Expenses$304,873$42,397-$347,270
Current Officers, Directors, Trustees, and Key Employees-$336,107-$336,107
Depreciation Depletion$191,283$71,057-$262,340
Pension Plan Contributions$97,232$41,236-$138,468
Insurance$101,256$35,547-$136,803
Other Expenses$80,363$38,128-$118,491
Travel$72,483$4,185-$76,668
Total Functional Expenses$17,050,792$2,176,936$0$19,227,728

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$19,464,151
Expenses per Audited Statements$19,227,728
Total Expenses per Form 990$19,227,728
Expenses Not Reported on Form 990$236,423
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$1,533,322
Lease liability$821,461
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, Section B, Line 11B

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, Section B, Line 12C

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, Section B, Line 15B

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, Section C, Line 19

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
2024-04-02
Discuss with paid preparer
Yes

Organization Details

Formed
1971
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
11
Employees
270
Volunteers
11

Preparer

Firm
Allan Liu CPA
Address
201 WILLOW AVE, MILLBRAE, CA 94030
Preparer
Allan Liu
Phone
6506921172
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IRS990/PYTotalExpensesAmt016332837
IRS990/PYTotalRevenueAmt016724123
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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