Civic Intelligence

San Carlos Educational Foundation

990 • Fiscal year 2015 • EIN 94-2842712

Jul 01, 2014 to Jun 30, 2015 • Filed on Mar 30, 2016

PO Box 1214San Carlos, CA 94070

(650) 590-5983

Siviq Scores

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

Liabilities / Assets

26th percentile

0.01x

Higher debt load relative to assets than 26% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

24th percentile

0.02x

Higher debt load relative to revenue than 24% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

62nd percentile

6.9%

Higher net margin than 62% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

59th percentile

$79,430

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

64th percentile

5.0%

Faster asset growth than 64% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

60th percentile

7.5%

Faster revenue growth than 60% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$4,602,655

Up $220,027 (+5.0%) from 2014

Net Assets

Up

$4,550,067

Up $197,513 (+4.5%) from 2014

Liabilities

Up

$52,588

Up $22,514 (+75%) from 2014

Revenue

Up

$2,854,035

Up $199,457 (+7.5%) from 2014

Expenses

Up

$2,656,522

Up $210,424 (+8.6%) from 2014

Net Income

Down

$197,513

Down $10,967 (-5.3%) from 2014

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $3,746,971Liabilities 2011: $15,229Net Assets 2011: $3,731,7422011Assets 2012: $3,790,776Liabilities 2012: $34,734Net Assets 2012: $3,756,0422012Assets 2013: $3,943,321Liabilities 2013: $31,234Net Assets 2013: $3,912,0872013Assets 2014: $4,382,628Liabilities 2014: $30,074Net Assets 2014: $4,352,5542014Assets 2015: $4,602,655Liabilities 2015: $52,588Net Assets 2015: $4,550,0672015Assets 2016: $4,640,351Liabilities 2016: $61,680Net Assets 2016: $4,578,6712016Assets 2017: $4,940,910Liabilities 2017: $48,888Net Assets 2017: $4,892,0222017Assets 2018: $5,178,993Liabilities 2018: $80,155Net Assets 2018: $5,098,8382018Assets 2019: $5,600,378Liabilities 2019: $67,440Net Assets 2019: $5,532,9382019Assets 2020: $6,472,303Liabilities 2020: $102,381Net Assets 2020: $6,369,9222020Assets 2021: $7,344,346Liabilities 2021: $47,895Net Assets 2021: $7,296,4512021Assets 2022: $6,778,148Liabilities 2022: $122,320Net Assets 2022: $6,655,8282022Assets 2023: $7,172,586Liabilities 2023: $61,887Net Assets 2023: $7,110,6992023Assets 2024: $7,657,882Liabilities 2024: $60,803Net Assets 2024: $7,597,0792024Assets 2025: $8,218,807Liabilities 2025: $47,829Net Assets 2025: $8,170,9782025

Highlighted filing

2015

Assets$4,602,655
Liabilities$52,588
Net Assets$4,550,067

Operations Trend

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

$6.0M$4.0M$2.0M$0Expenses 2011: $1,913,0542011Expenses 2012: $2,291,7732012Expenses 2013: $2,391,8232013Revenue 2014: $2,654,578Expenses 2014: $2,446,098Net Income 2014: $208,4802014Revenue 2015: $2,854,035Expenses 2015: $2,656,522Net Income 2015: $197,5132015Revenue 2016: $2,899,624Expenses 2016: $2,871,020Net Income 2016: $28,6042016Revenue 2017: $3,144,528Expenses 2017: $2,831,177Net Income 2017: $313,3512017Revenue 2018: $3,031,748Expenses 2018: $2,824,932Net Income 2018: $206,8162018Revenue 2019: $3,246,127Expenses 2019: $2,869,262Net Income 2019: $376,8652019Revenue 2020: $4,000,118Expenses 2020: $3,145,899Net Income 2020: $854,2192020Revenue 2021: $4,409,865Expenses 2021: $3,945,768Net Income 2021: $464,0972021Revenue 2022: $4,839,708Expenses 2022: $3,752,433Net Income 2022: $1,087,2752022Revenue 2023: $3,886,199Expenses 2023: $3,632,059Net Income 2023: $254,1402023Revenue 2024: $3,888,130Expenses 2024: $3,758,107Net Income 2024: $130,0232024Revenue 2025: $4,041,292Expenses 2025: $3,839,538Net Income 2025: $201,7542025

Highlighted filing

2015

Revenue$2,854,035
Expenses$2,656,522
Net Income$197,513
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 30, 2016
Return Version
2014v6.0
Gross Receipts
$3,520,097
Mission and Program Overview

Mission

The san carlos education foundation is a nonprofit fundraising organization that helps the san carlos school district provide a well-rounded public education for all students.

To enhance the educational opportunities provided by the san carlos school district.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,440,418$2,598,373▲ $157,955
Investments in Publicly Traded Securities$1,861,804$1,834,211▼ $27,593
Accounts Receivable$74,931$153,468▲ $78,537
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$4,382,628$4,602,655▲ $220,027
Other Assets Total$5,475$16,603▲ $11,128
Liabilities
Accounts Payable and Accrued Expenses$30,074$49,774▲ $19,700
Deferred Revenue$0$2,814▲ $2,814
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$30,074$52,588▲ $22,514
Net Assets / Fund Balance
Unrestricted Net Assets$4,283,797$4,145,045▼ $138,752
Temporarily Rstr Net Assets$68,757$305,022▲ $236,265
Permanently Rstr Net Assets$0$100,000▲ $100,000
Total Net Assets Fund Balance$4,352,554$4,550,067▲ $197,513
Total Liabilities and Net Assets / Fund Balance$4,382,628$4,602,655▲ $220,027
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kathy Parmer-lohanExecutive DirectorPT$79,430$79,430

Board Members and Trustees

NameTitle
Marianne JettPresident
Angela KalayjianCo-school Rep, Arundel Elem.
Roberta MarksCo-school Rep, Arundel Elem.
Kate CorpusCo-school Rep, Brittan Acres
Lucrecia Kim BoswellCo-school Rep, Brittan Acres
Amy BlodgettCo-school Rep, Central Middle
Andrea MaxwellCo-school Rep, Central Middle
Laura SchoefflerCo-school Rep, Central Middle
Kari SchnappCo-school Rep, Tierra Linda
Linda FolanCo-school Rep, Tierra Linda
Liz JollsCo-school Rep, Tierra Linda
Jessika WelcomeSchool Rep, Charter Learning
John McafeeSchool Rep, Charter Learning
Rachel De BrierSchool Rep, Charter Learning
Hillary WiessingerSchool Rep, Heather Elementary
Joelle LumishSchool Rep, Heather Elementary
Sara BurtonSchool Rep, White Oaks Elem.
Todd GuerrieriSchool Rep, White Oaks Elem.
Cindy HollowaySecretary
Iara PengVP Business Development
Padmini RamanVP Communications
Angie JonesVP Events
Jamie BaxterVP Finance/treasurer
Alana CorsoVP Leadership Circle Giving
Craig PattersonVP Marketing
Rachel CottonVP Parent Giving
Rebecca TaylorVP Special Projects
Nandani GondhalekarVP Stewardship
Revenue and Support

Revenue Composition

Contributions and Grants
$2,826,625
Program Service Revenue
$0
Investment Income
$39,237
Other Revenue
$-11,827
All Other Contributions
$2,616,654
Change in Net Assets
$197,513

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1,623$250,525Fair Market Value (FMV)
Other Non Cash Contri Table1,013$118,750Fair Market Value (FMV)
Other Non Cash Contri Table15$101,659Fair Market Value (FMV)
Other Non Cash Contri Table6$38,250Fair Market Value (FMV)
Other Non Cash Contri Table10$6,545Fair Market Value (FMV)
Other Non Cash Contri Table1$6,000Fair Market Value (FMV)
Other Non Cash Contri Table3$4,200Fair Market Value (FMV)
Other Non Cash Contri Table2$1,500Fair Market Value (FMV)
Other Non Cash Contri Table2$1,300Fair Market Value (FMV)
Other Non Cash Contri Table1$900Fair Market Value (FMV)
Other Non Cash Contri Table2$900Fair Market Value (FMV)
Total Noncash Contributions2,678$530,529-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,383,101
Revenue Not Reported on Financial Statements
$470,934
Revenue Not Reported on Form 990
$666,062
Other Revenue Adjustments
$470,934
Total Revenue per Audited Statements
$3,049,163
Total Revenue per Form 990
$2,854,035
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,277,242
Other Expenses$236,084
Salaries, Compensation, and Employee Benefits$143,196
Total Fundraising Expense$22,014
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,277,242--$2,277,242
Current Officers, Directors, Trustees, and Key Employees-$65,444$22,014$87,458
Other Salaries and Wages-$44,294-$44,294
Payroll Taxes-$10,555-$10,555
Fees for Services Accounting-$7,650-$7,650
Insurance-$5,309-$5,309
Fees for Services Lobbying-$5,000-$5,000
Conferences and Meetings-$3,412-$3,412
All Other Expenses-$3,290-$3,290
Occupancy-$2,573-$2,573
Other Employee Benefits-$889-$889
Other Expenses-$673-$673
Fees for Services Other-$532-$532
Total Functional Expenses$2,277,242$357,266$22,014$2,656,522

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,851,650
Total Expenses per Form 990$2,656,522
Expenses per Audited Statements$2,185,588
Expenses Not Reported on Form 990$666,062
Expenses Not Reported on Financial Statements$470,934
Other Expense Adjustments$470,934
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
San Carlos School DistrictSan Carlos, CA-PROVIDED ENOUGH TEACHERS FOR REASONABLE CLASS SIZE, SCIENCE AND TECHNOLOGY, PRINCIPAL'S FUND, PE, ATHLETICS, ART, MUSIC, COUNSELORS, LIBRIRIANS, AND FOREIGN LANGUAGE INSTRUCTION.$2,030,770
San Carlos Charter Learning CenterSan Carlos, CA-PROVIDED ENOUGH TEACHERS FOR REASONABLE CLASS SIZE, SCIENCE AND TECHNOLOGY, PRINCIPAL'S FUND, PE, ATHLETICS, ART, MUSIC, COUNSELORS, LIBRIRIANS, AND FOREIGN LANGUAGE INSTRUCTION.$246,472
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$665,895
Fundraising Gross Income$585,794
Gaming Gross Income$22,300
Gaming Direct Expenses$167
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Gala$565,534$565,534$650,868$-85,334
Giants Game$20,260$20,260$15,027$5,233
Total Events$585,794$585,794$665,895$-80,101
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
Yes
Compensation from other sources disclosed
No
CEO 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

Part VI Line 4 - Significant Change to Organizing Documents

The foundation changed the bylaws to allow participation in ballot measures related to school funding.

Filing and Contact Details

Filer

Filer Name
San Carlos Educational Foundation
EIN
94-2842712
In Care Of
% SUSAN RAYMOND TREASURER
Phone
6505905983
Address
PO BOX 1214, SAN CARLOS, CA 94070

Signing Officer

Name
Kathy Parmer-lohan
Title
Director
Phone
6194476700
Signed
2016-03-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marianne Jett President
Formed
1982
Legal Domicile
CA
Voting Board Members
20
Independent Board Members
20
Employees
2
Volunteers
200

Preparer

Firm
Wilkinson Hadley King & Co Llp
Address
218 W DOUGLAS AVENUE, EL CAJON, CA 92020
Preparer
P Robert Wilkinson CPA
Phone
6194476700
Supplemental Narrative

Additional Explanations

ORGANIZATION'S PROCESS USED TO REVIEW FORM 990

Draft send to board members for review and reviewed by the treasurer, president, and audit chair.

Conflict of Interest Policy

The board regularly and consistently monitors and enforces compliance with the policy by requiring a board vote for all significant transactions.

Process for Determining Compensation

Executive director job description was reviewed and approved by the board and compendation was reviewed by an external human resource professional who compared the proposed salary with external data regarding compensation on nonprofit executives.

Financial Statement Notes

Other Revenue and Expenses

The difference between the audit report and the tax return for both revenue and expense are a direct result of the following: direct fundraising/gaming expenses of $666,062 and $470,934 of in-kind contributions that were not recorded on the audit report.

Fin 48 Disclosure

The foundation follows provisions of uncertain tax positions as addressed in asc 958. The foundation recognizes accured interest and penalties associated with uncertain tax positions as part of the income tax provision, when applicable. There are no amounts accrued in the financial statements related to uncertain tax positions for the year ended june 30, 2015.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CO-SCHOOL REP, TIERRA LINDA
IRS990/Form990PartVIISectionAGrp/TitleTxt1CO-SCHOOL REP, BRITTAN ACRES
IRS990/Form990PartVIISectionAGrp/TitleTxt2CO-SCHOOL REP, CENTRAL MIDDLE
IRS990/Form990PartVIISectionAGrp/TitleTxt3SCHOOL REP, HEATHER ELEMENTARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4CO-SCHOOL REP, ARUNDEL ELEM.
IRS990/Form990PartVIISectionAGrp/TitleTxt5CO-SCHOOL REP, ARUNDEL ELEM.
IRS990/Form990PartVIISectionAGrp/TitleTxt6CO-SCHOOL REP, BRITTAN ACRES
IRS990/Form990PartVIISectionAGrp/TitleTxt7CO-SCHOOL REP, CENTRAL MIDDLE
IRS990/Form990PartVIISectionAGrp/TitleTxt8CO-SCHOOL REP, CENTRAL MIDDLE
IRS990/Form990PartVIISectionAGrp/TitleTxt9SCHOOL REP, CHARTER LEARNING
IRS990/Form990PartVIISectionAGrp/TitleTxt10SCHOOL REP, CHARTER LEARNING
IRS990/Form990PartVIISectionAGrp/TitleTxt11SCHOOL REP, CHARTER LEARNING
IRS990/Form990PartVIISectionAGrp/TitleTxt12SCHOOL REP, HEATHER ELEMENTARY
IRS990/Form990PartVIISectionAGrp/TitleTxt13CO-SCHOOL REP, TIERRA LINDA
IRS990/Form990PartVIISectionAGrp/TitleTxt14CO-SCHOOL REP, TIERRA LINDA
IRS990/Form990PartVIISectionAGrp/TitleTxt15SCHOOL REP, WHITE OAKS ELEM.
IRS990/Form990PartVIISectionAGrp/TitleTxt16SCHOOL REP, WHITE OAKS ELEM.
IRS990/Form990PartVIISectionAGrp/TitleTxt17EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18VP SPECIAL PROJECTS
IRS990/Form990PartVIISectionAGrp/TitleTxt19VP MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt20VP COMMUNICATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt21VP FINANCE/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt22VP EVENTS
IRS990/Form990PartVIISectionAGrp/TitleTxt23SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt24PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt25VP STEWARDSHIP
IRS990/Form990PartVIISectionAGrp/TitleTxt26VP LEADERSHIP CIRCLE GIVING
IRS990/Form990PartVIISectionAGrp/TitleTxt27VP PARENT GIVING
IRS990/Form990PartVIISectionAGrp/TitleTxt28VP BUSINESS DEVELOPMENT
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IRS990/MissionDesc0TO ENHANCE THE EDUCATIONAL OPPORTUNITIES PROVIDED BY THE SAN CARLOS SCHOOL DISTRICT.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.22$0.05$8.17$4.04$3.84$0.20
2024Detailed filing. Detailed filing data is available for this year.$7.66$0.06$7.60$3.89$3.76$0.13
2023Detailed filing. Detailed filing data is available for this year.$7.17$0.06$7.11$3.89$3.63$0.25
2022Detailed filing. Detailed filing data is available for this year.$6.78$0.12$6.66$4.84$3.75$1.09
2021Detailed filing. Detailed filing data is available for this year.$7.34$0.05$7.30$4.41$3.95$0.46
2020Detailed filing. Detailed filing data is available for this year.$6.47$0.10$6.37$4.00$3.15$0.85
2019Detailed filing. Detailed filing data is available for this year.$5.60$0.07$5.53$3.25$2.87$0.38
2018Detailed filing. Detailed filing data is available for this year.$5.18$0.08$5.10$3.03$2.82$0.21
2017Detailed filing. Detailed filing data is available for this year.$4.94$0.05$4.89$3.14$2.83$0.31
2016Detailed filing. Detailed filing data is available for this year.$4.64$0.06$4.58$2.90$2.87$0.03
2015Detailed filing. Detailed filing data is available for this year.$4.60$0.05$4.55$2.85$2.66$0.20
2014Detailed filing. Detailed filing data is available for this year.$4.38$0.03$4.35$2.65$2.45$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.94$0.03$3.91$2.39
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.79$0.03$3.76$2.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.75$0.02$3.73$1.91
Peer Organizations

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