Civic Intelligence

Fallbrook Child Development Center Inc.

990 • Fiscal year 2019 • EIN 95-3385830

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 29, 2019

320 North Iowa StreetFallbrook, CA 92028

(760) 728-5402

Siviq Scores

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

Liabilities / Assets

67th percentile

0.12x

Higher debt load relative to assets than 67% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

64th percentile

0.08x

Higher debt load relative to revenue than 64% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

19th percentile

-12%

Higher net margin than 19% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

74th percentile

$64,944

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 11.4% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

9th percentile

-22%

Faster asset growth than 9% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

20th percentile

-14%

Faster revenue growth than 20% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$361,813

Down $102,351 (-22%) from 2018

Net Assets

Down

$317,950

Down $69,389 (-18%) from 2018

Liabilities

Down

$43,863

Down $32,962 (-43%) from 2018

Revenue

Down

$571,508

Down $92,586 (-14%) from 2018

Expenses

Down

$640,897

Down $6,125 (-0.9%) from 2018

Net Income

Down

-$69,389

Down $86,461 (-506%) from 2018

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2012: $319,066Liabilities 2012: $48,704Net Assets 2012: $270,3622012Assets 2013: $372,270Liabilities 2013: $41,821Net Assets 2013: $330,4492013Assets 2014: $330,311Liabilities 2014: $42,405Net Assets 2014: $287,9062014Assets 2015: $322,351Liabilities 2015: $42,107Net Assets 2015: $280,2442015Assets 2016: $405,423Liabilities 2016: $48,268Net Assets 2016: $357,1552016Assets 2017: $416,274Liabilities 2017: $46,007Net Assets 2017: $370,2672017Assets 2018: $464,164Liabilities 2018: $76,825Net Assets 2018: $387,3392018Assets 2019: $361,813Liabilities 2019: $43,863Net Assets 2019: $317,9502019Assets 2020: $491,771Liabilities 2020: $74,601Net Assets 2020: $417,1702020Assets 2021: $658,985Liabilities 2021: $230,906Net Assets 2021: $428,0792021Assets 2022: $593,768Liabilities 2022: $211,698Net Assets 2022: $382,0702022Assets 2023: $761,874Liabilities 2023: $276,652Net Assets 2023: $485,2222023

Highlighted filing

2019

Assets$361,813
Liabilities$43,863
Net Assets$317,950

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2012: $544,6472012Expenses 2013: $534,4462013Revenue 2014: $509,230Expenses 2014: $551,773Net Income 2014: -$42,5432014Revenue 2015: $564,085Expenses 2015: $571,747Net Income 2015: -$7,6622015Revenue 2016: $706,684Expenses 2016: $629,773Net Income 2016: $76,9112016Revenue 2017: $623,736Expenses 2017: $610,624Net Income 2017: $13,1122017Revenue 2018: $664,094Expenses 2018: $647,022Net Income 2018: $17,0722018Revenue 2019: $571,508Expenses 2019: $640,897Net Income 2019: -$69,3892019Revenue 2020: $750,733Expenses 2020: $630,438Net Income 2020: $120,2952020Revenue 2021: $596,307Expenses 2021: $679,389Net Income 2021: -$83,0822021Revenue 2022: $776,006Expenses 2022: $831,015Net Income 2022: -$55,0092022Revenue 2023: $1,033,286Expenses 2023: $993,072Net Income 2023: $40,2142023

Highlighted filing

2019

Revenue$571,508
Expenses$640,897
Net Income-$69,389
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 29, 2019
Return Version
2018v3.1
Gross Receipts
$589,770
Mission and Program Overview

Mission

We provide quality early childhood education and day care for children ages one to five years. We strive to promote each childs intellectual, emotional, social, and physical development in preparation for kindergarten.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$255,383$258,120▲ $2,737
Land, Buildings, and Equipment, Net$112,156$89,715▼ $22,441
Accounts Receivable$86,194$8,207▼ $77,987
Prepaid Expenses and Deferred Charges$10,431$5,771▼ $4,660
Total Assets$464,164$361,813▼ $102,351
Liabilities
Accounts Payable and Accrued Expenses$76,825$43,863▼ $32,962
Total Liabilities$76,825$43,863▼ $32,962
Net Assets / Fund Balance
Unrestricted Net Assets$387,339$312,725▼ $74,614
Temporarily Rstr Net Assets-$5,225-
Total Net Assets Fund Balance$387,339$317,950▼ $69,389
Total Liabilities and Net Assets / Fund Balance$464,164$361,813▼ $102,351

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$46,724$76,995$123,719
Buildings$28,543$84,527$113,070
Other Land Buildings$10,970$34,303$45,273
Equipment$3,478$20,424$23,902
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Reva ReeceExecutive Director FormerFT$51,399$13,545$64,944
Sarina JohnsonExecutive DirectorFT$10,913-$10,913

Board Members and Trustees

NameTitle
Susan LucyPresident
Donna Reisbeck-StoewerVice President
Ann LoganDirector
Jim ShortDirector
Kourtney LucyDirector
Megan ShinnerDirector
Nicole BeckerDirector
Renee IngoldDirector
Jeanette ShortCo-Treasurer
Tracey MoeCo-Treasurer
Megan GambleSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$525,560
Program Service Revenue
$16,334
Investment Income
$3,860
Other Revenue
$25,754
All Other Contributions
$63,695
Change in Net Assets
$-69,389

Audited Revenue Reconciliation

Revenue per Audited Statements
$571,508
Revenue Not Reported on Form 990
$18,262
Total Revenue per Audited Statements
$589,770
Total Revenue per Form 990
$571,508
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$500,154
Other Expenses$140,743
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$303,163$40,262-$343,425
Current Officers, Directors, Trustees, and Key Employees$55,007$7,305-$62,312
Other Employee Benefits$49,055$8,889-$57,944
Payroll Taxes$27,059--$27,059
Depreciation Depletion$25,176--$25,176
Fees for Services Accounting-$13,060-$13,060
Insurance$12,011--$12,011
Pension Plan Contributions$9,414--$9,414
Payment Travel Entrtnmnt Publicly Ofcl$2,862--$2,862
Office Expenses$2,030--$2,030
Other Expenses$1,959$387-$1,959
Total Functional Expenses$570,994$69,903$0$640,897

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$659,159
Expenses per Audited Statements$640,897
Total Expenses per Form 990$640,897
Expenses Not Reported on Form 990$18,262
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$44,016
Fundraising Direct Expenses$18,262
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$46,044$44,016$6,134$37,882
Total Events$46,044$44,016$18,262$25,754
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
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
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, Section B, Line 11B

A copy of the 990 is provided to the board before it is filed.

Form 990, Part VI, Section B, Line 15A

The salary scale is approved by the board. Raises are given according to that scale. Teachers get raises when they proceed to the next level - taking more units, obtaining next level teaching certificate, etc. Occassionally, if a cost of living increase is given by the statee, the board gives a cost of living increase.

Form 990, Part VI, Section C, Line 19

Governing documents, policies and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Fallbrook Child Development Center Inc
EIN
95-3385830
Phone
7607285402
Address
320 North Iowa Street, Fallbrook, CA 92028

Signing Officer

Name
Sarina Johnson
Title
Executive Director
Signed
2019-10-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Lucy
Formed
1980
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
11
Employees
19
Volunteers
11

Preparer

Firm
Munger & Company CPAs
Address
5814 Van Allen Way Suite 200, Carlsbad, CA 92008
Preparer
Roland W Munger
Phone
7607308020
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2

The board of directors provides oversight of the audit, and the treasurer meets with the auditor to review the finanical statements before they are finalized.

Financial Statement Notes

XI 2D

Fundraising costs are included with expenses

XII 2D

Fundraising costs are included with expenses

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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt040262
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0303163
IRS990/OtherSalariesAndWagesGrp/TotalAmt0343425
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt027059
IRS990/PayrollTaxesGrp/TotalAmt027059
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt09414
IRS990/PensionPlanContributionsGrp/TotalAmt09414
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010431
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05771
IRS990/PrincipalOfficerNm0Susan Lucy
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0624410
IRS990/ProgramServiceRevenueGrp/Desc0Parent Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt016334
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt016334
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0623816
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01879
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt02862
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt02862
IRS990/PYOtherExpensesAmt0190818
IRS990/PYOtherRevenueAmt028551
IRS990/PYProgramServiceRevenueAmt09848
IRS990/PYRevenuesLessExpensesAmt017072
IRS990/PYSalariesCompEmpBnftPaidAmt0456204
IRS990/PYTotalExpensesAmt0647022
IRS990/PYTotalRevenueAmt0664094
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-69389
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt016334
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0585910
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0654538
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0610930
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0665024
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0521297
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03037699
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03860
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01879
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0376
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt026
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt019
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt06160
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99800
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.99920
IRS990ScheduleA/PublicSupportTotal170Amt03037699
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0585910
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0654538
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0610930
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0665024
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0521297
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03037699
IRS990ScheduleA/TotalSupportAmt03043859
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt028543
IRS990ScheduleD/BuildingsGrp/DepreciationAmt084527
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0113070
IRS990ScheduleD/EquipmentGrp/BookValueAmt03478
IRS990ScheduleD/EquipmentGrp/DepreciationAmt020424
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt023902
IRS990ScheduleD/ExpensesNotReportedAmt018262
IRS990ScheduleD/ExpensesSubtotalAmt0640897
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt046724
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt076995
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0123719
IRS990ScheduleD/OtherExpensesIncludedAmt018262
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010970
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt034303
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt045273
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherRevenueAmt018262
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueNotReportedAmt018262
IRS990ScheduleD/RevenueSubtotalAmt0571508
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Fundraising costs are included with expenses
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Fundraising costs are included with expenses
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0XI 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1XII 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt089715
IRS990ScheduleD/TotalExpensesPerForm990Amt0640897
IRS990ScheduleD/TotalRevenuePerForm990Amt0571508
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0589770
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0659159
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt02028
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt02028
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt018262
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Event 1
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt012128
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt012128
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt046044
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt046044
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt044016
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt044016
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt025754
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt06134
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt06134
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of the 990 is provided to the board before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The salary scale is approved by the board. Raises are given according to that scale. Teachers get raises when they proceed to the next level - taking more units, obtaining next level teaching certificate, etc. Occassionally, if a cost of living increase is given by the statee, the board gives a cost of living increase.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents, policies and financial statements are made available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The board of directors provides oversight of the audit, and the treasurer meets with the auditor to review the finanical statements before they are finalized.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XII, Line 2
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt05225
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0464164
IRS990/TotalAssetsEOYAmt0361813
IRS990/TotalAssetsGrp/BOYAmt0464164

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