Civic Intelligence

Pivot Learning Partners

990 • Fiscal year 2018 • EIN 94-3227655

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

500 12TH STREET Suite 350Oakland, CA 94607

(510) 250-2543

Siviq Scores

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

Liabilities / Assets

51st percentile

0.17x

Higher debt load relative to assets than 51% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

53rd percentile

0.19x

Higher debt load relative to revenue than 53% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

67th percentile

11%

Higher net margin than 67% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

85th percentile

$266,726

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 6.0% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

80th percentile

16%

Faster asset growth than 80% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

13th percentile

-20%

Faster revenue growth than 13% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$5,069,205

Up $685,421 (+16%) from 2017

Net Assets

Up

$4,231,163

Up $483,418 (+13%) from 2017

Liabilities

Up

$838,042

Up $202,003 (+32%) from 2017

Revenue

Down

$4,476,318

Down $1,143,546 (-20%) from 2017

Expenses

Down

$3,999,804

Down $1,066,994 (-21%) from 2017

Net Income

Down

$476,514

Down $76,552 (-14%) from 2017

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $4,691,123Liabilities 2011: $796,997Net Assets 2011: $3,894,1262011Assets 2012: $4,503,376Liabilities 2012: $770,350Net Assets 2012: $3,733,0262012Assets 2013: $4,285,275Liabilities 2013: $747,873Net Assets 2013: $3,537,4022013Assets 2014: $3,881,588Liabilities 2014: $929,026Net Assets 2014: $2,952,5622014Assets 2015: $4,078,745Liabilities 2015: $912,701Net Assets 2015: $3,166,0442015Assets 2016: $3,936,235Liabilities 2016: $759,351Net Assets 2016: $3,176,8842016Assets 2017: $4,383,784Liabilities 2017: $636,039Net Assets 2017: $3,747,7452017Assets 2018: $5,069,205Liabilities 2018: $838,042Net Assets 2018: $4,231,1632018Assets 2019: $4,701,366Liabilities 2019: $824,400Net Assets 2019: $3,876,9662019Assets 2020: $5,230,904Liabilities 2020: $1,640,854Net Assets 2020: $3,590,0502020Assets 2021: $6,301,356Liabilities 2021: $1,677,024Net Assets 2021: $4,624,3322021Assets 2022: $6,056,679Liabilities 2022: $956,939Net Assets 2022: $5,099,7402022Assets 2023: $728,088Liabilities 2023: $653,088Net Assets 2023: $75,0002023

Highlighted filing

2018

Assets$5,069,205
Liabilities$838,042
Net Assets$4,231,163

Operations Trend

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

$10M$5.0M$0-$5.0M-$10MRevenue 2011: $9,012,543Expenses 2011: $8,452,185Net Income 2011: $560,3582011Expenses 2012: $7,325,2832012Expenses 2013: $7,818,9932013Revenue 2014: $7,241,147Expenses 2014: $7,846,258Net Income 2014: -$605,1112014Revenue 2015: $7,490,288Expenses 2015: $7,250,202Net Income 2015: $240,0862015Revenue 2016: $7,374,031Expenses 2016: $7,368,178Net Income 2016: $5,8532016Revenue 2017: $5,619,864Expenses 2017: $5,066,798Net Income 2017: $553,0662017Revenue 2018: $4,476,318Expenses 2018: $3,999,804Net Income 2018: $476,5142018Revenue 2019: $3,927,062Expenses 2019: $4,295,393Net Income 2019: -$368,3312019Revenue 2020: $3,715,200Expenses 2020: $4,030,455Net Income 2020: -$315,2552020Revenue 2021: $5,602,627Expenses 2021: $4,549,899Net Income 2021: $1,052,7282021Revenue 2022: $7,076,389Expenses 2022: $6,481,996Net Income 2022: $594,3932022Revenue 2023: $2,733,612Expenses 2023: $8,100,538Net Income 2023: -$5,366,9262023

Highlighted filing

2018

Revenue$4,476,318
Expenses$3,999,804
Net Income$476,514
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$4,476,318
Mission and Program Overview

Mission

See Sch O

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$777,176$1,731,236▲ $954,060
Investments Other Securities$0$1,500,000▲ $1,500,000
Investments in Publicly Traded Securities$2,275,853$795,941▼ $1,479,912
Cash and Non-Interest-Bearing Accounts$1,057,031$738,752▼ $318,279
Accounts Receivable$168,529$141,998▼ $26,531
Land, Buildings, and Equipment, Net$17,199$131,724▲ $114,525
Savings and Temporary Cash Investments$63,640$0▼ $63,640
Prepaid Expenses and Deferred Charges$0$14,975▲ $14,975
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$4,410,391$5,069,205▲ $658,814
Other Assets Total$50,963$14,579▼ $36,384
Liabilities
Accounts Payable and Accrued Expenses$327,877$646,370▲ $318,493
Mortgage Notes Payable Secured by Investment Property$150,000$150,000→ $0
Deferred Revenue$158,162$41,672▼ $116,490
Grants Payable$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$636,039$838,042▲ $202,003
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,503,587$3,017,006▲ $513,419
Unrestricted Net Assets$1,270,765$1,214,157▼ $56,608
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$3,774,352$4,231,163▲ $456,811
Total Liabilities and Net Assets / Fund Balance$4,410,391$5,069,205▲ $658,814

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$124,508$165,330$289,838
Leasehold Improvements$7,216$7,217$14,433
Other Securities$1,500,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Arun RamanthanCEOFT$239,739$26,987$266,726
Deborah SimsVP, Educational ProgramsFT$137,859$6,893$144,752
Johannah KaplanCheif Talent & Culture OfficerFT$127,023$6,351$133,374
Laura FlaxmanVP, Educational ProgramsPT$124,178$6,209$130,387
Mark SimmonsCFO/COOFT$113,115$5,656$118,771
Allison CarterVP, Educational ProgramsFT$102,277$5,114$107,391

Board Members and Trustees

NameTitle
Bud DoughertyBoard Chair
Jocelyn Garcia-thomerBoard Member
Larry KaneBoard Member
Matthew ChaganBoard Member
Mike HalletBoard Member
Mike HopkinsBoard Member
Sarah BraytonBoard Member
Teresa BonaccorsiBOARD MEMBER (term 5/1/18)

Highest Paid Contractors

ContractorServicesLocationCompensation
Stg City Square LLCOffice Space RentPO BOX 31001-2117, Pasadena, CA 91101$170,981
Allison RowlandCoaching Services242 RICHLAND AVE, San Francisco, CA 94110$100,093
Revenue and Support

Revenue Composition

Contributions and Grants
$3,153,993
Program Service Revenue
$1,300,581
Investment Income
$21,744
Other Revenue
$0
All Other Contributions
$3,153,993
Change in Net Assets
$476,514
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,239,678
Other Expenses$1,760,126
Total Fundraising Expense$184,500
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$737,948$244,649$105,618$1,088,215
Fees for Services Management$747,123$67,090$12,000$826,213
Current Officers, Directors, Trustees, and Key Employees$293,938$293,938-$587,876
Other Employee Benefits$183,160$118,362$23,444$324,966
Travel$175,577$45,445$1,765$222,787
Occupancy$123,872$64,654$12,679$201,205
Payroll Taxes$77,982$71,440$8,775$158,197
Conferences and Meetings$104,487$16,823-$121,310
Office Expenses$57,928$30,106$6,165$94,199
Information Technology$55,550$28,759$5,640$89,949
Pension Plan Contributions$45,090$30,292$5,042$80,424
Fees for Services Other-$73,774-$73,774
Fees for Services Accounting-$60,682-$60,682
Insurance$7,363$18,260$713$26,336
Depreciation Depletion$10,933$5,706$1,119$17,758
Advertising$555$12,259-$12,814
Interest-$5,753$1,525$7,278
Fees for Services Legal-$5,806$15$5,821
Total Functional Expenses$2,621,506$1,193,798$184,500$3,999,804
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
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
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 8B:

There is no committee with authority to act on behalf of the governing body.

FORM 990, PART VI, SECTION B, LINE 11B:

The form 990 is reviewed by the finance and audit committee and then presented to the board of directors for its full review and discussion. The form 990 will be voted on to accept before it is filed.

FORM 990, PART VI, SECTION B, LINE 12C:

The board of directors is reminded of the conflict of interest statement before taking a vote on issues that may generate conflicts.

FORM 990, PART VI, SECTION B, LINE 15:

Salary reviews are conducted by the board of directors by reviewing the 990 forms of similar organizations as well as conducting and reviewing salary surveys periodically.

FORM 990, PART VI, SECTION C, LINE 19:

Financial statements and conflict of interest statements are made available to the public via our website. Other documents can be obtained by written request to the cfo.

Filing and Contact Details

Filer

Filer Name
Pivot Learning
EIN
94-3227655
In Care Of
% MARK SIMMONS
Phone
5102502543
Address
500 12TH STREET Suite 350, OAKLAND, CA 94607

Signing Officer

Name
Arun Ramanathan
Title
CEO
Phone
6503654646
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Arun Ramanathan
Formed
1995
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
39
Volunteers
7

Preparer

Firm
Seiler Llp
Address
THREE LAGOON DR STE 400, REDWOOD CITY, CA 94065
Preparer
Debra K Mccall
Phone
6503654646
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1 and Part III, Line 1

Organization's mission ====================== pivot learning's mission is to partner with educators to design and implement solutions to their greatest challenges in achieving educational justice

FORM 990, PART XII, LINE 2C:

This process has not changed from prior year.

form 990, part IV, line 12B

pivot learning owns 100% of consortium on reaching excellense in education, Inc.'s ("CORE") privately held stock. accordingly, pivot's june 30, 2018 audited financial statements were consolidated to include core and a separate audit for pivot was not conducted. CORE, A FOR PROFIT ENTITY, IS A NATIONAL PROFESSIONAL LEARNING ORGANIZATION THAT HAS BEEN SERVING SCHOOLS, SCHOOL DISTRICTS, AND STATES FOR 23 YEARS, CORE APPLIES THE RESEARCH ON BEST PRACTICES AND EFFECTIVE ADULT LEARNING PRINCIPLES TO EQUIP EDUCATORS WITH THE KNOWLEDGE AND SKILLS TO SIGNIFICANTLY IMPROVE ACADEMIC ACHIEVEMENT, THROUGH TARGETED PROFESSIONAL DEVELOPMENT, JOB-EMBEDDED COACHING, PRINCIPAL MENTORSHIP, AND CAREFUL SELECTION OF CURRICULUM AND ASSESSMENTS, CORE COLLABORATES WITH SCHOOL SYSTEMS TO IMPLEMENT HIGH QUALITY READING, WRITING, LANGUAGE, AND MATH INSTRUCTION FOR PRE-KINDERGARTEN THROUGH 12TH GRADE, PIVOT AND CORE CONTINUE TO DELIVER THEIR RESPECTIVE SERVICES AND WORK TOGETHER TO IMPLEMENT COMPREHENSIVE SOLUTIONS THAT TAKE ADVANTAGE OF THE UNIQUE STRENGTHS OF EACH ORGANIZATION. CORE FILED ITS OWN TAX RETURN ON FORM 1120 FOR THE YEAR ENDED JUNE 30 2018, UNDER EIN 94-3264308, THE FINANCIAL INFORMATION ON FORM 990 ONLY INCLUDES PIVOT'S FINANCIAL STATEMENTS WHICH WERE DERIVED FROM THE AUDITED CONSOLIDATING SUPPLEMENTAL SCHEDULES.

form 990, part III, line 2

services that in prior years had been included in the program services reported on Pivot Learning's form 990, Part III, lines 4a and 4b, became more substantial services during fye 06/30/18. as such, these services are being reported as a separate program service, and are reported on form 990, part iii, line 4c.

Financial Statement Notes

PART X, LINE 2:

PIVOT HAS BEEN GRANTED TAX-EXEMPT STATUS FROM FEDERAL AND CALIFORNIA INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. Pivot has been determined by the Internal Revenue Service (IRS) not to be a private foundation within the meaning of Section 509(a) of the Internal Revenue Code and is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. MANAGEMENT EVALUATED PIVOT'S TAX POSITIONS AND CONCLUDED THAT THEY MAINTAINED THEIR TAX EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS FOR PIVOT. THERE WAS NO UNRELATED BUSINESS TAX FOR THE YEAR ENDED JUNE 30, 2018. CORE, A C CORPORATION, IS SUBJECT TO INCOME TAXES IN THE U.S. FEDERAL JURISDICTION, AND VARIOUS STATE AND LOCAL JURISDICTIONS. TAX REGULATIONS WITHIN EACH JURISDICTION ARE SUBJECT TO THE INTERPRETATION OF THE RELATED TAX LAWS AND REGULATIONS AND REQUIRE SIGNIFICANT JUDGEMENT TO APPLY. THE MATERIAL JURISDICTIONS WHERE CORE IS SUBJECT TO POTENTIAL EXAMINATION BY TAX AUTHORITIES INCLUDE FEDERAL, CALIFORNIA, AND COLORADO. CORE ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES BY EVALUATING THE TAX POSITION WITH AVAILABLE EVIDENCE AND MEASURING IT TO ENSURE THAT THE POSITION WOULD MORE-LIKELY-THAN-NOT BE SUSTAINED ON AUDIT, INCLUDING RESOLUTION THROUGH AN APPEALS PROCESS. CORE'S EVALUATION ON JUNE 30, 2018 REVEALED NO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2018. THE TAX CUTS AND JOBS ACT (THE "ACT") WHICH WAS ENACTED ON DECEMBER 22, 2017, MADE KEY CHANGES TO THE U.S. TAX LAW, INCLUDING THE REDUCTION OF THE U.S. FEDERAL CORPORATE TAX RATE. ASC 740 REQUIRES THE EFFECTS OF CHANGES IN TAX RATES AND LAWS ON DEFERRED TAX BALANCES TO BE RECOGNIZED IN THE PERIOD IN WHICH THE LEGISLATION IS ENACTED. THE 2014 THROUGH 2017 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. IN ADDITION, THE 2013 THROUGH 2017 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY THE CALIFORNIA FRANCHISE TAX BOARD. PIVOT AND CORE ARE SUBJECT TO ROUTINE AUDITS BY TAXIN JURISDICTIONS; HOWEVER, THERE ARE NO AUDITS PENDING OR IN PROGRESS.

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IRS990/Form990PartVIISectionAGrp/TitleTxt10CHEIF TALENT & CULTURE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP, EDUCATIONAL PROGRAMS
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP, EDUCATIONAL PROGRAMS
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IRS990/ProgSrvcAccomActy2Grp/Desc0LEADERSHIP NETWORK: TO IMPROVE THE SKILLS OF SUPERINTENDENTS AND DISTRICT LEADERS TO BECOME MORE EFFECTIVE LEADERS AND MANAGERS DURING A PERIOD OF HIGH UNCERTAINTY AND TO PROVIDE SMALLER DISTRICTS WITH A COST EFFECTIVE WAY TO BUILD THE CAPACITY OF THEIR TEACHERS AND PRINCIPALS. THIS IS DONE THROUGH STATEWIDE, REGIONAL BASED SEMINARS THAT ARE FUNDED THROUGH SPONSORSHIPS AND GRANTS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0RESEARCH PROJECTS TO HIGHLIGHT SPECIFIC ISSUES IN EDUCATION, EDUCATION RESOURCES AND EDUCATION FUNDING INCLUDING FOCUS ON IMPACT OF FOSTER & HOMELESS YOUTH ON RURAL SCHOOL DISTRICTS, DISTRICT STABILITY INDEXING AND CALIFORNIA STATE PENSION ISSUES AROUND SCHOOL RESOURCES AND FUNDING.
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