Civic Intelligence

Sjb Child Development Centers

990 • Fiscal year 2025 • EIN 94-1747079

Jul 01, 2024 to Jun 30, 2025

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

70th percentile

0.38x

Higher debt load relative to assets than 70% of similar nonprofits.

2025 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

47th percentile

0.23x

Higher debt load relative to revenue than 47% of similar nonprofits.

2025 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

45th percentile

4.1%

Higher net margin than 45% of similar nonprofits.

2025 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

44th percentile

$221,963

Higher top officer pay than 44% of similar nonprofits.

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

2025 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2025

Asset Growth

86th percentile

19%

Faster asset growth than 86% of similar nonprofits.

2025 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

42nd percentile

4.0%

Faster revenue growth than 42% of similar nonprofits.

2025 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Assets

Up

$17,087,142

Up $2,751,795 (+19%) from 2024

Net Assets

Up

$10,660,991

Up $1,291,207 (+14%) from 2024

Liabilities

Up

$6,426,151

Up $1,460,588 (+29%) from 2024

Revenue

Up

$28,548,209

Up $1,103,609 (+4.0%) from 2024

Expenses

Up

$27,371,940

Up $3,899,525 (+17%) from 2024

Net Income

Down

$1,176,269

Down $2,795,916 (-70%) from 2024

Historical Trend

Balance Sheet Trend

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

$20M$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: $9,369,7842024Assets 2025: $17,087,142Liabilities 2025: $6,426,151Net Assets 2025: $10,660,9912025

Highlighted filing

2025

Assets$17,087,142
Liabilities$6,426,151
Net Assets$10,660,991

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: $3,972,1852024Revenue 2025: $28,548,209Expenses 2025: $27,371,940Net Income 2025: $1,176,2692025

Highlighted filing

2025

Revenue$28,548,209
Expenses$27,371,940
Net Income$1,176,269
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Apr 2, 2026
Return Version
2024v5.2
Gross Receipts
$28,548,209
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
Cash and Non-Interest-Bearing Accounts$1,675$7,425,233▲ $7,423,558
Savings and Temporary Cash Investments$9,294,968$3,797,220▼ $5,497,748
Pledges and Grants Receivable$1,904,275$2,525,371▲ $621,096
Land, Buildings, and Equipment, Net$1,157,151$1,419,047▲ $261,896
Investments in Publicly Traded Securities$1,056,735$1,160,940▲ $104,205
Prepaid Expenses and Deferred Charges$368,591$356,042▼ $12,549
Accounts Receivable$20,643$3,351▼ $17,292
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$14,335,347$17,087,142▲ $2,751,795
Other Assets Total$531,309$399,938▼ $131,371
Liabilities
Other Liabilities$2,923,722$3,091,855▲ $168,133
Accounts Payable and Accrued Expenses$1,655,644$2,641,565▲ $985,921
Grants Payable$378,206$692,731▲ $314,525
Unsecured Notes Loans Payable$7,991--
Total Liabilities$4,965,563$6,426,151▲ $1,460,588
Net Assets / Fund Balance
Net Assets With Donor Restrictions$7,031,501$7,919,754▲ $888,253
Net Assets Without Donor Restrictions$2,338,283$2,741,237▲ $402,954
Total Net Assets Fund Balance$9,369,784$10,660,991▲ $1,291,207
Total Liabilities and Net Assets / Fund Balance$14,335,347$17,087,142▲ $2,751,795

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$386,165$2,312,220$2,698,385
Leasehold Improvements$1,020,282$1,147,344$2,167,626
Other Land Buildings-$22,500$22,500
Buildings$12,600-$12,600
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kelly MercurioCEOFT$221,963$221,963
Wai-Yee PhamCFOFT$185,468$185,468
Melissa LezaProgram DirectorFT$156,495$156,495
Lynda LedoFamily Services DiFT$139,180$139,180
Mandy SollisHR DirectorFT$134,657$134,657
Picha WilsonEducation Health &FT$134,575$134,575

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$264,240
Revenue and Support

Revenue Composition

Contributions and Grants
$28,150,872
Program Service Revenue
$306,642
Investment Income
$90,695
Other Revenue
$0
All Other Contributions
$271,851
Change in Net Assets
$1,176,269

Audited Revenue Reconciliation

Revenue per Audited Statements
$28,548,209
Revenue Not Reported on Form 990
$264,544
Total Revenue per Audited Statements
$28,812,753
Total Revenue per Form 990
$28,548,209
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$22,796,809
Other Expenses$4,575,131
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$15,675,964$1,107,942-$16,783,906
Other Employee Benefits$3,446,048$453,478-$3,899,526
Payroll Taxes$1,334,953$115,926-$1,450,879
All Other Expenses$863,423$70,160-$933,583
Fees for Services Other$203,882$381,268-$585,150
Current Officers, Directors, Trustees, and Key Employees-$407,431-$407,431
Occupancy$352,448$37,437-$389,885
Other Expenses$296,217$43,780-$339,997
Pension Plan Contributions$209,606$45,461-$255,067
Insurance$142,479$65,542-$208,021
Travel$69,251$1,835-$71,086
Total Functional Expenses$24,474,935$2,897,005$0$27,371,940

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$27,521,546
Expenses per Audited Statements$27,371,940
Total Expenses per Form 990$27,371,940
Expenses Not Reported on Form 990$149,606
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$2,685,756
Lease liability$406,099
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
2026-04-02
Discuss with paid preparer
Yes

Organization Details

Formed
1971
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
11
Employees
340
Volunteers
11

Preparer

Firm
Allan Liu CPA
Address
201 WILLOW AVE, MILLBRAE, CA 94030
Preparer
Allan Liu
Phone
4158281323
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$17.1$6.43$10.7$28.5$27.4$1.18
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