Civic Intelligence

Schools Mentoring and Resources Team

990 • Fiscal year 2018 • EIN 94-3287468

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 18, 2018

1061 Market St MezzanineSan Francisco, CA 94103

(415) 865-5400

Siviq Scores

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

Liabilities / Assets

57th percentile

0.14x

Higher debt load relative to assets than 57% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

50th percentile

0.09x

Higher debt load relative to revenue than 50% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

68th percentile

11%

Higher net margin than 68% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

81st percentile

$138,814

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 8.2% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

82nd percentile

20%

Faster asset growth than 82% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

88th percentile

54%

Faster revenue growth than 88% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,157,643

Up $194,697 (+20%) from 2017

Net Assets

Up

$1,000,738

Up $190,233 (+23%) from 2017

Liabilities

Up

$156,905

Up $4,464 (+2.9%) from 2017

Revenue

Up

$1,701,072

Up $593,545 (+54%) from 2017

Expenses

Up

$1,510,839

Up $68,982 (+4.8%) from 2017

Net Income

Up

$190,233

Up $524,563 (+157%) 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 2012: $456,433Liabilities 2012: $36,638Net Assets 2012: $419,7952012Assets 2013: $374,266Liabilities 2013: $37,835Net Assets 2013: $336,4312013Assets 2014: $579,241Liabilities 2014: $35,121Net Assets 2014: $544,1202014Assets 2015: $868,372Liabilities 2015: $35,779Net Assets 2015: $832,5932015Assets 2016: $1,195,535Liabilities 2016: $50,700Net Assets 2016: $1,144,8352016Assets 2017: $962,946Liabilities 2017: $152,441Net Assets 2017: $810,5052017Assets 2018: $1,157,643Liabilities 2018: $156,905Net Assets 2018: $1,000,7382018Assets 2019: $2,447,676Liabilities 2019: $172,898Net Assets 2019: $2,274,7782019Assets 2020: $2,616,579Liabilities 2020: $366,811Net Assets 2020: $2,249,7682020Assets 2021: $3,336,713Liabilities 2021: $844,480Net Assets 2021: $2,492,2332021Assets 2022: $4,469,800Liabilities 2022: $126,372Net Assets 2022: $4,343,4282022Assets 2023: $7,705,709Liabilities 2023: $4,228,909Net Assets 2023: $3,476,8002023Assets 2024: $6,537,143Liabilities 2024: $4,015,536Net Assets 2024: $2,521,6072024

Highlighted filing

2018

Assets$1,157,643
Liabilities$156,905
Net Assets$1,000,738

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $570,844Expenses 2012: $632,477Net Income 2012: -$61,6332012Revenue 2013: $663,587Expenses 2013: $746,951Net Income 2013: -$83,3642013Revenue 2014: $1,008,198Expenses 2014: $800,509Net Income 2014: $207,6892014Revenue 2015: $1,188,575Expenses 2015: $900,102Net Income 2015: $288,4732015Revenue 2016: $1,338,900Expenses 2016: $1,026,658Net Income 2016: $312,2422016Revenue 2017: $1,107,527Expenses 2017: $1,441,857Net Income 2017: -$334,3302017Revenue 2018: $1,701,072Expenses 2018: $1,510,839Net Income 2018: $190,2332018Revenue 2019: $3,050,177Expenses 2019: $1,776,137Net Income 2019: $1,274,0402019Revenue 2020: $1,854,092Expenses 2020: $1,879,102Net Income 2020: -$25,0102020Revenue 2021: $2,293,566Expenses 2021: $2,051,101Net Income 2021: $242,4652021Revenue 2022: $4,388,152Expenses 2022: $2,530,929Net Income 2022: $1,857,2232022Revenue 2023: $2,291,987Expenses 2023: $3,367,750Net Income 2023: -$1,075,7632023Revenue 2024: $2,479,510Expenses 2024: $3,469,748Net Income 2024: -$990,2382024

Highlighted filing

2018

Revenue$1,701,072
Expenses$1,510,839
Net Income$190,233
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 18, 2018
Return Version
2017v2.2
Gross Receipts
$1,785,091
Mission and Program Overview

Mission

SMART champions education equity by supporting students in overcoming systemic barriers on their journey to a college degree.

SMART provides low-income students access to an exceptional education and the skills needed to thrive in college and in life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$551,381$696,832▲ $145,451
Pledges and Grants Receivable$160,500$242,800▲ $82,300
Prepaid Expenses and Deferred Charges$60,108$73,338▲ $13,230
Land, Buildings, and Equipment, Net$21,104$30,153▲ $9,049
Cash and Non-Interest-Bearing Accounts$4,257$0▼ $4,257
Accounts Receivable$51,651$575▼ $51,076
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$962,946$1,157,643▲ $194,697
Other Assets Total$113,945$113,945→ $0
Liabilities
Other Liabilities$116,770$130,082▲ $13,312
Accounts Payable and Accrued Expenses$35,671$26,823▼ $8,848
Total Liabilities$152,441$156,905▲ $4,464
Net Assets / Fund Balance
Unrestricted Net Assets$612,505$758,002▲ $145,497
Temporarily Rstr Net Assets$198,000$142,736▼ $55,264
Permanently Rstr Net Assets-$100,000-
Total Net Assets Fund Balance$810,505$1,000,738▲ $190,233
Total Liabilities and Net Assets / Fund Balance$962,946$1,157,643▲ $194,697

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$30,153$29,118$59,271
Other Assets Org$113,945--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Asaf Bar-TuraExecutive DirectorFT$138,814$138,814

Board Members and Trustees

NameTitle
Lisa FarmerBoard Chair
David CannonVice Chair
Alison ParkDirector
Carey LifschultzDirector
Eden GodsoeDirector
Jeffrey GrayDirector
Kate GarrettDirector
Maja Lithander SmithDirector
Martin Encinas LeonDirector
Michele WilliamsDirector
Randy SeriguchiDirector
Roger LeeDirector
Stacy PerryDirector
Quinlan FangSecretary
Jennifer JarretTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,691,481
Program Service Revenue
$52,675
Investment Income
$4,840
Other Revenue
$-47,924
All Other Contributions
$912,255
Change in Net Assets
$190,233
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$837,662
Other Expenses$673,177
Total Fundraising Expense$285,908
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$351,665$79,406$142,322$573,393
Occupancy$343,710$20,870$42,201$406,781
Current Officers, Directors, Trustees, and Key Employees$84,677$19,434$34,703$138,814
Payroll Taxes$43,499$7,379$15,049$65,927
Other Employee Benefits$39,529$7,140$12,859$59,528
All Other Expenses$23,116$2,625$21,472$47,213
Fees for Services Other$17,080$2,786$4,325$24,191
Other Expenses$12,291$1,373$3,765$17,429
Depreciation Depletion$8,327$952$2,617$11,896
Insurance$7,165$371$2,252$9,788
Travel$1,029$166$3,076$4,271
Office Expenses$2,339$293$758$3,390
Conferences and Meetings$1,269$188$478$1,935
Total Functional Expenses$1,081,944$142,987$285,908$1,510,839
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$84,019
Fundraising Gross Income$35,823
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Sgtc$806,976$27,750$4,763$22,987
House Party$8,073$8,073$66$8,007
Total Events$815,049$35,823$84,019$-48,196
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
Deferred rent$130,082
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
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 4: Description of Significant Changes to Organizational Documents

The organization approved revisions to the bylaws in May 2018. Main revisions include: increasing number of allowed board members from twenty to twenty four; allowing board members to serve a third three year term upon board approval; appointing Committee Chairs by the Board Chair instead of election by the full board.

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

A draft is presented to the board finance committee for approval.

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

A Conflict of Interest document is signed at the first month of the calendar year, and new members sign when they join.

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

The Chairman of the Board of Directors leads the evaluation process, collecting feedback from other Board members and staff,as well as outside resources, including research on comparable salaries paid to others in similar size organizations.

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

The Chairman of the Board of Directors leads the evaluation process, collecting feedback from other Board members and staff,as well as outside resources, including research on comparable salaries paid to others in similar size organizations.

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

SMART makes its governing documents, conflict of interest policy, whistle-blower policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Schools Mentoring and Resources Team
EIN
94-3287468
Phone
4158655400
Address
1061 Market St Mezzanine, San Francisco, CA 94103

Signing Officer

Name
Asaf Bar-Tura
Title
Executive Director
Signed
2018-10-18
Discuss with paid preparer
Yes

Organization Details

Formed
1997
Legal Domicile
CA
Voting Board Members
15
Independent Board Members
15
Employees
18
Volunteers
150

Preparer

Firm
Allan Liu CPA
Address
201 WILLOW AVE, MILLBRAE, CA 94030-2536
Preparer
Allan Liu
Phone
6506921172
Supplemental Narrative

Additional Explanations

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

OTHER PROGRAM SERVICES 4: Summer Academic Enrichment Program:SMART's Summer Academic Enrichment Program serves rising 5th and 6th grade students to prevent and reduce instances of summer learning loss, while providing enriching activities to develop and strengthen the positive bonds of youth to their peers and communities. The programs academic curriculum is centered around literacy and math curricula, and offers enrichment courses in areas such as science, media, dance, coding, sports and more. Furthermore, each Friday Scholars participate in STEM-based field trips designed to expose them to the sciences outside of the classroom environment.

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IRS990/ProgSrvcAccomActy2Grp/Desc0College Achievement Program (CAP):The College Achievement Program advances SMART Scholars, grades 9 through 12, toward high school graduation and a college education. The program includes: Weekly after-school programming supports our Scholars through career and college exploration; mentoring and tutoring support; standardized testing preparation services; individualized college counseling; bi-annual colleges tours; support in obtaining summer internships, study abroad and other incredible experiences. Since launching the College Achievement Program in 2011, 100% of SMART Scholars have graduated high school and enrolled in college.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Recruitment and School Enrollment:SMART identifies curious students who have the motivation to learn and lack only opportunity. Students accepted into the program come from low income households and will be the first generation in their family to graduate from college. Once accepted into the program, SMART guides our families through the middle school and high school enrollment processes.
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