Civic Intelligence

Ocean Beach School District Foundation

990 • Fiscal year 2019 • EIN 94-3145212

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 23, 2020

PO Box 1377Long Beach, WA 98631

(360) 642-0878

Siviq Scores

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

Liabilities / Assets

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

18th percentile

0.00x

Higher debt load relative to revenue than 18% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

94th percentile

62%

Higher net margin than 94% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

38th percentile

$10,200

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

52nd percentile

3.4%

Faster asset growth than 52% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

3rd percentile

-66%

Faster revenue growth than 3% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$4,543,378

Up $151,260 (+3.4%) from 2018

Net Assets

Up

$4,542,940

Up $151,260 (+3.4%) from 2018

Liabilities

Flat

$438

Flat from 2018

Revenue

Down

$242,922

Down $475,833 (-66%) from 2018

Expenses

Up

$91,662

Up $6,470 (+7.6%) from 2018

Net Income

Down

$151,260

Down $482,303 (-76%) from 2018

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $845,220Liabilities 2010: $427Net Assets 2010: $844,7932010Assets 2011: $1,400,631Liabilities 2011: $472Net Assets 2011: $1,400,1592011Assets 2012: $1,481,195Liabilities 2012: $1,259Net Assets 2012: $1,479,9362012Assets 2013: $1,549,472Liabilities 2013: $533Net Assets 2013: $1,548,9392013Assets 2014: $1,820,115Liabilities 2014: $460Net Assets 2014: $1,819,6552014Assets 2015: $3,656,930Liabilities 2015: $460Net Assets 2015: $3,656,4702015Assets 2016: $3,699,103Liabilities 2016: $438Net Assets 2016: $3,698,6652016Assets 2017: $3,758,555Liabilities 2017: $438Net Assets 2017: $3,758,1172017Assets 2018: $4,392,118Liabilities 2018: $438Net Assets 2018: $4,391,6802018Assets 2019: $4,543,378Liabilities 2019: $438Net Assets 2019: $4,542,9402019Assets 2020: $4,635,578Liabilities 2020: $445Net Assets 2020: $4,635,1332020Assets 2021: $4,898,413Liabilities 2021: $445Net Assets 2021: $4,897,9682021Assets 2022: $4,990,615Liabilities 2022: $645Net Assets 2022: $4,989,9702022Assets 2023: $5,138,337Liabilities 2023: $645Net Assets 2023: $5,137,6922023Assets 2024: $5,302,774Liabilities 2024: $645Net Assets 2024: $5,302,1292024

Highlighted filing

2019

Assets$4,543,378
Liabilities$438
Net Assets$4,542,940

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0Revenue 2010: $75,816Expenses 2010: $45,981Net Income 2010: $29,8352010Revenue 2011: $596,848Expenses 2011: $41,482Net Income 2011: $555,3662011Expenses 2012: $46,2822012Revenue 2013: $110,726Expenses 2013: $34,424Net Income 2013: $76,3022013Revenue 2014: $334,012Expenses 2014: $63,296Net Income 2014: $270,7162014Revenue 2015: $1,891,302Expenses 2015: $54,487Net Income 2015: $1,836,8152015Revenue 2016: $159,016Expenses 2016: $116,822Net Income 2016: $42,1942016Revenue 2017: $202,931Expenses 2017: $143,479Net Income 2017: $59,4522017Revenue 2018: $718,755Expenses 2018: $85,192Net Income 2018: $633,5632018Revenue 2019: $242,922Expenses 2019: $91,662Net Income 2019: $151,2602019Revenue 2020: $200,402Expenses 2020: $108,209Net Income 2020: $92,1932020Revenue 2021: $429,370Expenses 2021: $166,535Net Income 2021: $262,8352021Revenue 2022: $277,312Expenses 2022: $185,310Net Income 2022: $92,0022022Revenue 2023: $320,849Expenses 2023: $173,127Net Income 2023: $147,7222023Revenue 2024: $370,277Expenses 2024: $205,840Net Income 2024: $164,4372024

Highlighted filing

2019

Revenue$242,922
Expenses$91,662
Net Income$151,260
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 23, 2020
Return Version
2019v5.0
Gross Receipts
$1,001,922
Mission and Program Overview

Mission

To provide ongoing support for expanded educational opportunities for the students of the Ocean Beach School District.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$4,391,680$4,542,940▲ $151,260
Investments in Publicly Traded Securities$4,298,930$4,444,751▲ $145,821
Savings and Temporary Cash Investments$74,696$82,048▲ $7,352
Cash and Non-Interest-Bearing Accounts$15,436$13,006▼ $2,430
Accounts Receivable-$0-
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$4,392,118$4,543,378▲ $151,260
Other Assets Total$3,056$3,573▲ $517
Liabilities
Accounts Payable and Accrued Expenses$438$438→ $0
Total Liabilities$438$438→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,391,680$4,542,940▲ $151,260
Total Liabilities and Net Assets / Fund Balance$4,392,118$4,543,378▲ $151,260

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$2,364,166-▲ $151,796$50,000$2,465,782
2018$2,223,972-▲ $140,344-$2,364,166
2017$2,272,699-▲ $126,513$175,000$2,223,972
2016$2,210,814-▲ $92,065$30,000$2,272,699
2015$570,999$1,512,912▲ $127,053-$2,210,814
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Elizabeth SloaneAdministratorPT$10,200$10,200

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$25
Program Service Revenue
$0
Investment Income
$235,161
Other Revenue
$7,736
All Other Contributions
$25
Change in Net Assets
$151,260
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$45,478
Other Expenses$35,140
Salaries, Compensation, and Employee Benefits$11,044
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$42,478--$42,478
Fees for Service Investment Mgmnt Fees-$25,875-$25,875
Current Officers, Directors, Trustees, and Key Employees-$10,200-$10,200
Fees for Services Accounting-$4,075-$4,075
Grants to Domestic Individuals$3,000--$3,000
Insurance-$1,796-$1,796
Payroll Taxes-$844-$844
Office Expenses-$553-$553
Advertising-$217-$217
Other Expenses-$112-$112
All Other Expenses-$100-$100
Total Functional Expenses$45,478$46,184$0$91,662
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ocean Beach School DistrictLong Beach, WA-Donations to support education$42,478
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$10,196
Fundraising Direct Expenses$2,460
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
No
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 board of directors reviews the Form 990 prior to an officer signing the return.

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

All officers, directors and key employees are furnished a copy of the policy annually. At meetings officers, directors, and key employees are asked to disclose any conflicts of interest.

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

The organization's governing documents, conflict of interest policy and financial statements are available to the public during the tax year upon request.

Filing and Contact Details

Filer

Filer Name
Ocean Beach School District Foundation
EIN
94-3145212
Phone
3606420878
Address
PO BOX 1377, LONG BEACH, WA 98631

Signing Officer

Name
Jeff Chabot
Title
President
Signed
2020-07-23
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
8
Independent Board Members
0
Employees
1
Volunteers
17

Preparer

Firm
Powell Seiler & Company PS
Address
912 W Robert Bush Dr Box 435, South Bend, WA 98586
Preparer
John W Powell CPA
Phone
3608756565
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IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt043100
IRS990/PYInvestmentIncomeAmt0228946
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt031026
IRS990/PYOtherRevenueAmt011811
IRS990/PYRevenuesLessExpensesAmt0633563
IRS990/PYSalariesCompEmpBnftPaidAmt011066
IRS990/PYTotalExpensesAmt085192
IRS990/PYTotalRevenueAmt0718755
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0151260
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04391680
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04542940
IRS990/SavingsAndTempCashInvstGrp/BOYAmt074696
IRS990/SavingsAndTempCashInvstGrp/EOYAmt082048
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt025
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0477998
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02998
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt020471
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01705697
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02207189
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0216715
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0198070
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0176275
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0132725
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0156752
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0880537
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.71480
IRS990ScheduleA/PublicSupportPY170Pct00.76200
IRS990ScheduleA/PublicSupportTotal170Amt02207189
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt025
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0477998
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02998
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt020471
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01705697
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02207189
IRS990ScheduleA/TotalSupportAmt03087726
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0180
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02364166
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02465782
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0151796
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt050000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0150
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02223972
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02364166
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0140344
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0240
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02272699
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02223972
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0126513
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0175000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0180
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02210814
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02272699
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt092065
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt030000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0150
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0570999
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt01512912
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02210814
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0127053
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt042478
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Donations to support education
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Ocean Beach School District
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO Box 124
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Long Beach
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd098631
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The board of directors reviews the Form 990 prior to an officer signing the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All officers, directors and key employees are furnished a copy of the policy annually. At meetings officers, directors, and key employees are asked to disclose any conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization's governing documents, conflict of interest policy and financial statements are available to the public during the tax year upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04392118
IRS990/TotalAssetsEOYAmt04543378
IRS990/TotalAssetsGrp/BOYAmt04392118
IRS990/TotalAssetsGrp/EOYAmt04543378
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt025
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt046184
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt045478
IRS990/TotalFunctionalExpensesGrp/TotalAmt091662
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0438
IRS990/TotalLiabilitiesEOYAmt0438
IRS990/TotalLiabilitiesGrp/BOYAmt0438
IRS990/TotalLiabilitiesGrp/EOYAmt0438
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04391680
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04542940
IRS990/TotalProgramServiceExpensesAmt045478
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt010200
IRS990/TotalRevenueGrp/ExclusionAmt07736
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0235161
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0242922

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.30$0.00$5.30$0.37$0.21$0.16
2023Summary only. Only limited summary data is available for this year.$5.14$0.00$5.14$0.32$0.17$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.99$0.00$4.99$0.28$0.19$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.90$0.00$4.90$0.43$0.17$0.26
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.64$0.00$4.64$0.20$0.11$0.09
2019Detailed filing. Detailed filing data is available for this year.$4.54$0.00$4.54$0.24$0.09$0.15
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.39$0.00$4.39$0.72$0.09$0.63
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.76$0.00$3.76$0.20$0.14$0.06
2016Summary only. Only limited summary data is available for this year.$3.70$0.00$3.70$0.16$0.12$0.04
2015Summary only. Only limited summary data is available for this year.$3.66$0.00$3.66$1.89$0.05$1.84
2014Detailed filing. Detailed filing data is available for this year.$1.82$0.00$1.82$0.33$0.06$0.27
2013Detailed filing. Detailed filing data is available for this year.$1.55$0.00$1.55$0.11$0.03$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.00$1.48$0.05
2011Summary only. Only limited summary data is available for this year.$1.40$0.00$1.40$0.60$0.04$0.56
2010Summary only. Only limited summary data is available for this year.$0.85$0.00$0.84$0.08$0.05$0.03