Civic Intelligence

Streetside Stories Inc

990 • Fiscal year 2017 • EIN 94-3258426

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 30, 2018

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

68th percentile

0.15x

Higher debt load relative to assets than 68% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

54th percentile

0.05x

Higher debt load relative to revenue than 54% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

67th percentile

11%

Higher net margin than 67% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

88th percentile

$99,319

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 11.0% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

86th percentile

39%

Faster asset growth than 86% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

65th percentile

14%

Faster revenue growth than 65% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$280,499

Up $78,574 (+39%) from 2016

Net Assets

Up

$239,186

Up $101,611 (+74%) from 2016

Liabilities

Down

$41,313

Down $23,037 (-36%) from 2016

Revenue

Up

$900,305

Up $108,002 (+14%) from 2016

Expenses

Up

$798,694

Up $67,575 (+9.2%) from 2016

Net Income

Up

$101,611

Up $40,427 (+66%) from 2016

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

2017

Assets$280,499
Liabilities$41,313
Net Assets$239,186

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

2017

Revenue$900,305
Expenses$798,694
Net Income$101,611
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 30, 2018
Return Version
2016v3.0
Gross Receipts
$901,412
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
Cash and Non-Interest-Bearing Accounts$61,293$105,505▲ $44,212
Pledges and Grants Receivable$39,243$90,000▲ $50,757
Accounts Receivable$92,333$74,044▼ $18,289
Prepaid Expenses and Deferred Charges$5,983$7,930▲ $1,947
Savings and Temporary Cash Investments$553$500▼ $53
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$201,925$280,499▲ $78,574
Other Assets Total$2,520$2,520→ $0
Liabilities
Other Liabilities$24,378$24,065▼ $313
Accounts Payable and Accrued Expenses$23,433$17,248▼ $6,185
Deferred Revenue$16,539--
Total Liabilities$64,350$41,313▼ $23,037
Net Assets / Fund Balance
Temporarily Rstr Net Assets$80,000$165,900▲ $85,900
Unrestricted Net Assets$57,575$73,286▲ $15,711
Total Net Assets Fund Balance$137,575$239,186▲ $101,611
Total Liabilities and Net Assets / Fund Balance$201,925$280,499▲ $78,574
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alec RaffinExec DirectorFT$92,500$6,819$99,319

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$257,002
Program Service Revenue
$643,240
Investment Income
$0
Other Revenue
$63
All Other Contributions
$257,002
Change in Net Assets
$101,611

Audited Revenue Reconciliation

Revenue per Audited Statements
$900,305
Revenue Not Reported on Form 990
$1,107
Total Revenue per Audited Statements
$901,412
Total Revenue per Form 990
$900,305
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$584,359
Other Expenses$214,335
Total Fundraising Expense$95,926
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$312,293$23,229$54,325$389,847
Current Officers, Directors, Trustees, and Key Employees$53,647$23,303$15,550$92,500
Other Employee Benefits$45,753$6,396$8,434$60,583
Occupancy$32,569$4,340$6,082$42,991
Payroll Taxes$31,205$4,401$5,823$41,429
Fees for Services Accounting-$18,686-$18,686
Insurance$7,084$881$1,330$9,295
Fees for Services Other$1,500$6,474-$7,974
Other Expenses$4,000$4,964$3,521$4,000
Information Technology$1,530$301$286$2,117
All Other Expenses-$1,312$383$1,695
Travel$844$324$133$1,301
Fees for Services Legal-$685-$685
Office Expenses-$522$59$581
Total Functional Expenses$606,950$95,818$95,926$798,694

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$799,801
Expenses per Audited Statements$798,694
Total Expenses per Form 990$798,694
Expenses Not Reported on Form 990$1,107
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$24,065
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
Rick Liwag Oculto
Title
Chair
Signed
2018-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rick Liwag Oculto
Formed
1996
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
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]that reinforce core classroom subjects. Workshops include collaborative lesson planning and instruction that supports teachers integration of media arts in core subject areas. The program includes 20 hours of instruction over 13 weeks.

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, 2017, 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.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Rental expenses $1107

Part XII, Line 2D: Other expenses and losses per audited F/S

Rental expenses $1107

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IRS990/PrincipalOfficerNm0Rick Liwag Oculto
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IRS990/ProgSrvcAccomActy2Grp/Desc0Streetside Stories Community ProgramsThese workshops are run in partnership with afterschool and summer program providers, incorporating personal storytelling designed to reinforce school day learning. Stories in Communities: Storytelling, literary and visual arts strengthen K-8th grade students art and literacy skills, while cultivating student voice through the creation and sharing of personal narratives. This intensive program serves students who live in public housing and includes 40 hours of instruction over 13 weeks. Stories Out Loud: Storytelling, literary and visual arts strengthen K-8th grade
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IRS990/ProgSrvcAccomActy3Grp/Desc0students art and literacy skills, while cultivating student voice through the creation and sharing of personal narratives. This program includes 20 hours of instruction over 13 weeks. Visual Voices: 3rd-8th grade students use storytelling, writing, visual and media arts to create digital stories using Streetside iPad labs. Culminating projects may include a combination of creative writing with photography, animation, comics, visual art, and performance. This program includes 20 hours of instruction over 13 weeks.
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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, 2017, 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/ExplanationTxt1Rental expenses $1107
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Rental expenses $1107
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d: Other expenses and losses per audited F/S
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: Streetside Stories In-School Programs [continued from Form 990 Page 2]that reinforce core classroom subjects. Workshops include collaborative lesson planning and instruction that supports teachers integration of media arts in core subject areas. The program includes 20 hours of instruction over 13 weeks.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false

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