Civic Intelligence

Streetside Stories Inc

990 • Fiscal year 2016 • EIN 94-3258426

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 10, 2017

3130 20th StreetSan Francisco, CA 94110

(415) 864-5221

Siviq Scores

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

Liabilities / Assets

77th percentile

0.32x

Higher debt load relative to assets than 77% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

61st percentile

0.08x

Higher debt load relative to revenue than 61% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

62nd percentile

7.7%

Higher net margin than 62% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

88th percentile

$101,117

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 12.8% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

77th percentile

17%

Faster asset growth than 77% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

63rd percentile

10%

Faster revenue growth than 63% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$201,925

Up $29,752 (+17%) from 2015

Net Assets

Up

$137,575

Up $61,184 (+80%) from 2015

Liabilities

Down

$64,350

Down $31,432 (-33%) from 2015

Revenue

Up

$792,303

Up $73,181 (+10%) from 2015

Expenses

Down

$731,119

Down $65,825 (-8.3%) from 2015

Net Income

Up

$61,184

Up $139,006 (+179%) from 2015

Historical Trend

Balance Sheet Trend

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

$400K$200K$0-$200KAssets 2011: $47,496Liabilities 2011: $98,498Net Assets 2011: -$51,0022011Assets 2012: $56,746Liabilities 2012: $77,030Net Assets 2012: -$20,2842012Assets 2013: $66,110Liabilities 2013: $79,638Net Assets 2013: -$13,5282013Assets 2014: $283,134Liabilities 2014: $128,921Net Assets 2014: $154,2132014Assets 2015: $172,173Liabilities 2015: $95,782Net Assets 2015: $76,3912015Assets 2016: $201,925Liabilities 2016: $64,350Net Assets 2016: $137,5752016Assets 2017: $280,499Liabilities 2017: $41,313Net Assets 2017: $239,1862017Assets 2018: $362,977Liabilities 2018: $34,332Net Assets 2018: $328,6452018

Highlighted filing

2016

Assets$201,925
Liabilities$64,350
Net Assets$137,575

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $797,136Expenses 2011: $964,883Net Income 2011: -$167,7472011Revenue 2012: $925,175Expenses 2012: $894,574Net Income 2012: $30,6012012Expenses 2013: $927,9332013Revenue 2014: $1,125,259Expenses 2014: $957,518Net Income 2014: $167,7412014Revenue 2015: $719,122Expenses 2015: $796,944Net Income 2015: -$77,8222015Revenue 2016: $792,303Expenses 2016: $731,119Net Income 2016: $61,1842016Revenue 2017: $900,305Expenses 2017: $798,694Net Income 2017: $101,6112017Revenue 2018: $640,391Expenses 2018: $550,932Net Income 2018: $89,4592018

Highlighted filing

2016

Revenue$792,303
Expenses$731,119
Net Income$61,184
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 10, 2017
Return Version
2015v3.0
Gross Receipts
$792,303
Mission and Program Overview

Mission

Streetside Stories envisions a world where all students are able to tell their true stories in an inclusive community and have access to a quality education that values the arts.

Streetside Stories cultivates the voices of young people from underrepresented communities by teaching them how to write, illustrate, and share stories that honor their personal experiences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$22,727$92,333▲ $69,606
Cash and Non-Interest-Bearing Accounts$93,480$61,293▼ $32,187
Pledges and Grants Receivable$40,805$39,243▼ $1,562
Prepaid Expenses and Deferred Charges$11,588$5,983▼ $5,605
Savings and Temporary Cash Investments$553$553→ $0
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-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$172,173$201,925▲ $29,752
Other Assets Total$3,020$2,520▼ $500
Liabilities
Unsecured Notes Loans Payable$50,000--
Other Liabilities$20,422$24,378▲ $3,956
Accounts Payable and Accrued Expenses$22,660$23,433▲ $773
Deferred Revenue$2,700$16,539▲ $13,839
Total Liabilities$95,782$64,350▼ $31,432
Net Assets / Fund Balance
Temporarily Rstr Net Assets$25,000$80,000▲ $55,000
Unrestricted Net Assets$51,391$57,575▲ $6,184
Total Net Assets Fund Balance$76,391$137,575▲ $61,184
Total Liabilities and Net Assets / Fund Balance$172,173$201,925▲ $29,752
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alec RaffinExec DirectorFT$92,991$8,126$101,117

Board Members and Trustees

NameTitle
Rick Liwag OcultoChair
Brian LawrenceBoard Member
Caroline GriswoldBoard Member
Dale HamakawaBoard Member
Rene CenderBoard Member
Michelle DongSecretary
Ken TseTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$254,392
Program Service Revenue
$537,687
Investment Income
$1
Other Revenue
$223
All Other Contributions
$254,392
Change in Net Assets
$61,184

Audited Revenue Reconciliation

Revenue per Audited Statements
$792,303
Total Revenue per Audited Statements
$792,303
Total Revenue per Form 990
$792,303
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$546,037
Other Expenses$185,082
Total Fundraising Expense$91,589
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$260,845$37,530$60,494$358,869
Current Officers, Directors, Trustees, and Key Employees$77,080$6,630$9,281$92,991
Other Employee Benefits$36,692$4,429$6,967$48,088
Payroll Taxes$36,919$3,361$5,809$46,089
Occupancy$32,003$4,277$6,704$42,984
Fees for Services Accounting-$18,975-$18,975
Insurance$5,941$798$1,249$7,988
Fees for Services Other$3,497$3,307-$6,804
All Other Expenses$1,700$1,673$499$3,872
Information Technology$1,350$180$282$1,812
Other Expenses$30,879$1,712$46$1,758
Travel-$626$80$706
Office Expenses-$468$178$646
Total Functional Expenses$543,916$95,614$91,589$731,119

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$731,119
Total Expenses per Audited Statements$731,119
Total Expenses per Form 990$731,119
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
Accrued payroll liabilities$24,378
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is prepared by an outside tax professional. The form is then reviewed bythe organization's management, a member of the board of directors, and the executivedirector. This group of individuals then discusses the contents of the return withthe outside tax professional. After a full review, the final version of the tax return is provided to all members of the organization's voting body. A representative of management authorizes the final form 990 which is then e-filed with the internal revenue service.

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

Members of the board of directors review all potential conflicts of interest atleast annually. All personnel and board members are required to disclose (inwriting) potential conflicts and any related party affiliations. Loans between theorganization and members of management and the board are strictly prohibited. Theorganization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Members of the board of directors review the compensation of all high-level personnel periodically in accordance with irs rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Every effort is made to ensure that the process is thorough and transparent in accordance with irs guidelines and the organization's policies and procedures.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Compensation of other high-level personnel and key employees is reviewed periodically by members of management. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries and all related benefits. All decisions are then documented in personnel files.

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

All of the organization's governing documents, financial statements and other legalfilings are maintained in a secure environment and held available for inspection bytax authorities and the general public. Tax returns are posted annually towww.guidestar.org (where they are available for viewing as electronic copies) and are also available for a physical inspection at the organization's office in san francisco, california.

Filing and Contact Details

Filer

Filer Name
Streetside Stories Inc
EIN
94-3258426
Phone
4158645221
Address
3130 20th Street, San Francisco, CA 94110

Signing Officer

Name
Alec Raffin
Title
Executive Director
Signed
2017-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alec Raffin
Formed
1996
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
10
Volunteers
40

Preparer

Firm
Regalia & Associates CPAs
Address
103 Town Country Dr Ste K, Danville, CA 94526
Preparer
Douglas W Regalia
Phone
9253140390
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Streetside Stories In-School Programs [continued from Form 990 Page 2]use iPads to create media arts projects that reinforce core classroom subjects.Select workshops include professional development, coaching and collaborative instruction that supports teachers' integration of media arts in core subject areas. Additional 8 hours of coaching for classroom teachers, and 4 hours of professional development and collaborative lesson planning.

Financial Statement Notes

Part X : FIN48 Footnote

Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, Streetside Stories is required to report information regarding its exposure to various tax positions taken by the organization and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that Streetside Stories has adequately evaluated its current tax positions and has concluded that as of June 30, 2016, Streetside Stories does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.Streetside Stories has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. This exemption is subject to periodic review by the federal and state taxing authorities and management is confident that the organization continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. Streetside Stories may periodically receive unrelated business income requiring the organization to file separate tax returns under federal and state statutes. Under such conditions, Streetside Stories calculates and accrues the applicable taxes payable.

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IRS990/ProgSrvcAccomActy2Grp/Desc0Streetside Stories Community ProgramsThese workshops take place in after-school hours and during the summer months at schools, community centers, and public housing sites:Stories in Communities: 40 hours of instruction over 13 weeks for K-8th grade. Students strengthen art and literacy skills through storytelling activities that emphasize the literary and visual arts. This is our longest-duration workshop and is designed to serve students who live in public housing sites.Stories Out Loud: 20 hours of instruction over 13 weeks for K-8th grade. This
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IRS990/ProgSrvcAccomActy3Grp/Desc0workshop cultivates student voice through the creation and sharing of personal narratives and in activities that emphasize the literary and visual arts.Visual Voices: 20 hours of instruction over 13 weeks for 3rd-8th grade. Students use iPads to fuse writing, visual, and media arts into digital stories. Culminating projects include e-books, animation, digital comics, and photography.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, Streetside Stories is required to report information regarding its exposure to various tax positions taken by the organization and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that Streetside Stories has adequately evaluated its current tax positions and has concluded that as of June 30, 2016, Streetside Stories does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.Streetside Stories has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. This exemption is subject to periodic review by the federal and state taxing authorities and management is confident that the organization continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. Streetside Stories may periodically receive unrelated business income requiring the organization to file separate tax returns under federal and state statutes. Under such conditions, Streetside Stories calculates and accrues the applicable taxes payable.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: Streetside Stories In-School Programs [continued from Form 990 Page 2]use iPads to create media arts projects that reinforce core classroom subjects.Select workshops include professional development, coaching and collaborative instruction that supports teachers' integration of media arts in core subject areas. Additional 8 hours of coaching for classroom teachers, and 4 hours of professional development and collaborative lesson planning.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PREPARED BY AN OUTSIDE TAX PROFESSIONAL. THE FORM IS THEN REVIEWED BYTHE ORGANIZATION'S MANAGEMENT, A MEMBER OF THE BOARD OF DIRECTORS, AND THE EXECUTIVEDIRECTOR. THIS GROUP OF INDIVIDUALS THEN DISCUSSES THE CONTENTS OF THE RETURN WITHTHE OUTSIDE TAX PROFESSIONAL. AFTER A FULL REVIEW, THE FINAL VERSION OF THE TAX RETURN IS PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S VOTING BODY. A REPRESENTATIVE OF MANAGEMENT AUTHORIZES THE FINAL FORM 990 WHICH IS THEN E-FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS OF THE BOARD OF DIRECTORS REVIEW ALL POTENTIAL CONFLICTS OF INTEREST ATLEAST ANNUALLY. ALL PERSONNEL AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE (INWRITING) POTENTIAL CONFLICTS AND ANY RELATED PARTY AFFILIATIONS. LOANS BETWEEN THEORGANIZATION AND MEMBERS OF MANAGEMENT AND THE BOARD ARE STRICTLY PROHIBITED. THEORGANIZATION SEEKS FULL TRANSPARENCY ON ALL RELATIONSHIPS. ANY POTENTIAL CONFLICTS (IN FACT OR APPEARANCE) ARE DISCUSSED OPENLY AND RESOLVED IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES AND PROCEDURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS OF THE BOARD OF DIRECTORS REVIEW THE COMPENSATION OF ALL HIGH-LEVEL PERSONNEL PERIODICALLY IN ACCORDANCE WITH IRS RULES AND REGULATIONS. EFFORTS ARE MADE TO SECURE COMPENSATION DATA FROM INDUSTRY SOURCES IN ORDER TO DETERMINE COMPETITIVENESS AND APPROPRIATENESS OF SALARIES. EVERY EFFORT IS MADE TO ENSURE THAT THE PROCESS IS THOROUGH AND TRANSPARENT IN ACCORDANCE WITH IRS GUIDELINES AND THE ORGANIZATION'S POLICIES AND PROCEDURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION OF OTHER HIGH-LEVEL PERSONNEL AND KEY EMPLOYEES IS REVIEWED PERIODICALLY BY MEMBERS OF MANAGEMENT. EFFORTS ARE MADE TO SECURE COMPENSATION DATA FROM INDUSTRY SOURCES IN ORDER TO DETERMINE COMPETITIVENESS AND APPROPRIATENESS OF SALARIES AND ALL RELATED BENEFITS. ALL DECISIONS ARE THEN DOCUMENTED IN PERSONNEL FILES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL OF THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND OTHER LEGALFILINGS ARE MAINTAINED IN A SECURE ENVIRONMENT AND HELD AVAILABLE FOR INSPECTION BYTAX AUTHORITIES AND THE GENERAL PUBLIC. TAX RETURNS ARE POSTED ANNUALLY TOWWW.GUIDESTAR.ORG (WHERE THEY ARE AVAILABLE FOR VIEWING AS ELECTRONIC COPIES) AND ARE ALSO AVAILABLE FOR A PHYSICAL INSPECTION AT THE ORGANIZATION'S OFFICE IN SAN FRANCISCO, CALIFORNIA.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees

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