Civic Intelligence

Brea Hope Inc

990 • Fiscal year 2016 • EIN 95-3867954

Jul 01, 2015 to Jun 30, 2016 • Filed on Mar 20, 2017

Organization ProfileN/A

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1 Civic Center CircleBrea, CA 92821

(714) 990-7826

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.01x

Higher debt load relative to assets than 93% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

96th percentile

8.46x

Higher debt load relative to revenue than 96% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

77th percentile

15%

Higher net margin than 77% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

63rd percentile

$215,134

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

24th percentile

-3.2%

Faster asset growth than 24% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

4th percentile

-56%

Faster revenue growth than 4% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$20,044,880

Down $661,625 (-3.2%) from 2015

Net Assets

Up

-$219,544

Up $397,643 (+64%) from 2015

Liabilities

Down

$20,264,424

Down $1,059,268 (-5.0%) from 2015

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin77th percentile

Revenue

Down

$2,395,588

Down $3,006,214 (-56%) from 2015

Expenses

Down

$2,038,088

Down $167,871 (-7.6%) from 2015

Net Income

Down

$357,500

Down $2,838,343 (-89%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$40M$30M$20M$10M$0-$10MAssets 2010: $25,649,923Liabilities 2010: $32,113,807Net Assets 2010: -$6,463,8842010Assets 2011: $25,003,580Liabilities 2011: $30,642,893Net Assets 2011: -$5,639,3132011Assets 2012: $23,617,784Liabilities 2012: $28,906,249Net Assets 2012: -$5,288,4652012Assets 2013: $22,831,220Liabilities 2013: $27,515,160Net Assets 2013: -$4,683,9402013Assets 2014: $22,015,660Liabilities 2014: $25,844,765Net Assets 2014: -$3,829,1052014Assets 2015: $20,706,505Liabilities 2015: $21,323,692Net Assets 2015: -$617,1872015Assets 2016: $20,044,880Liabilities 2016: $20,264,424Net Assets 2016: -$219,5442016Assets 2017: $18,952,159Liabilities 2017: $19,052,538Net Assets 2017: -$100,3792017Assets 2018: $18,027,767Liabilities 2018: $17,972,307Net Assets 2018: $55,4602018Assets 2019: $17,423,230Liabilities 2019: $16,840,529Net Assets 2019: $582,7012019Assets 2020: $33,242,687Liabilities 2020: $11,833,629Net Assets 2020: $21,409,0582020Assets 2021: $22,707,010Liabilities 2021: $10,341,212Net Assets 2021: $12,365,7982021Assets 2022: $21,683,744Liabilities 2022: $8,839,007Net Assets 2022: $12,844,7372022Assets 2023: $20,801,748Liabilities 2023: $7,231,294Net Assets 2023: $13,570,4542023

Highlighted filing

2016

Assets$20,044,880
Liabilities$20,264,424
Net Assets-$219,544
Open 2016 Filing

Operations Trend

Revenue Growth4th percentile

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

$30M$20M$10M$0-$10MExpenses 2010: $2,613,4022010Revenue 2011: $3,344,350Expenses 2011: $2,550,530Net Income 2011: $793,8202011Expenses 2012: $2,486,0052012Expenses 2013: $2,429,3442013Revenue 2014: $3,259,466Expenses 2014: $2,426,014Net Income 2014: $833,4522014Revenue 2015: $5,401,802Expenses 2015: $2,205,959Net Income 2015: $3,195,8432015Revenue 2016: $2,395,588Expenses 2016: $2,038,088Net Income 2016: $357,5002016Revenue 2017: $2,163,112Expenses 2017: $1,992,182Net Income 2017: $170,9302017Revenue 2018: $2,141,859Expenses 2018: $1,937,307Net Income 2018: $204,5522018Revenue 2019: $2,352,697Expenses 2019: $1,904,766Net Income 2019: $447,9312019Revenue 2020: $22,512,819Expenses 2020: $1,703,847Net Income 2020: $20,808,9722020Revenue 2021: $2,020,712Expenses 2021: $11,047,404Net Income 2021: -$9,026,6922021Revenue 2022: $2,003,271Expenses 2022: $1,489,419Net Income 2022: $513,8522022Revenue 2023: $2,099,948Expenses 2023: $1,326,172Net Income 2023: $773,7762023

Highlighted filing

2016

Revenue$2,395,588
Expenses$2,038,088
Net Income$357,500
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 20, 2017
Return Version
2015v3.0
Gross Receipts
$2,395,588
Mission and Program Overview

Mission

The mission of the corporation is to assist the brea olinda unified school district in financing various construction projects.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,967,932$14,019,699▼ $948,233
Investments in Publicly Traded Securities$2,674,501$3,155,029▲ $480,528
Cash and Non-Interest-Bearing Accounts$984,422$1,000,890▲ $16,468
Savings and Temporary Cash Investments$850,259$850,757▲ $498
Accounts Receivable$1,008,452$841,754▼ $166,698
Total Assets$20,706,505$20,044,880▼ $661,625
Other Assets Total$220,939$176,751▼ $44,188
Liabilities
Other Liabilities$20,802,487$19,851,019▼ $951,468
Accounts Payable and Accrued Expenses$521,205$389,104▼ $132,101
Deferred Revenue-$24,301-
Total Liabilities$21,323,692$20,264,424▼ $1,059,268
Net Assets / Fund Balance
Permanently Rstr Net Assets$100,000$100,000→ $0
Temporarily Rstr Net Assets$259$757▲ $498
Unrestricted Net Assets$-717,446$-320,301▲ $397,145
Total Net Assets Fund Balance$-617,187$-219,544▲ $397,643
Total Liabilities and Net Assets / Fund Balance$20,706,505$20,044,880▼ $661,625

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,521,768$25,356,913$37,878,681
Equipment-$1,588,022$1,588,022
Land$1,497,931-$1,497,931

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$100,259-▲ $498-$100,757
2014$100,623-▲ $136-$100,259
2013$101,111-▲ $12-$100,623
2012$101,101-▲ $10-$101,111
2011$102,590-▲ $11-$101,101
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleBaseOtherTotal
Dr Brad MasonBoard Member$198,260$16,874$215,134
Anne FlesherBoard Member$173,931$17,700$191,631
Jean AldreteTreasurer$154,811$13,826$168,637

Board Members and Trustees

NameTitle
Bernie KilcoyneChairperson
Frank DaviesVice Chairpe
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$36,983
Other Revenue
$2,358,605
Change in Net Assets
$357,500

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,395,588
Revenue Not Reported on Form 990
$40,143
Total Revenue per Audited Statements
$2,435,731
Total Revenue per Form 990
$2,395,588
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,038,088
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$975,296--$975,296
Depreciation Depletion$948,234--$948,234
Office Expenses-$47,955-$47,955
Fees for Services Accounting-$9,669-$9,669
Fees for Service Investment Mgmnt Fees-$2,581-$2,581
Other Expenses$7,800$2,365-$2,365
Total Functional Expenses$1,975,518$62,570$0$2,038,088

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,038,088
Total Expenses per Audited Statements$2,038,088
Total Expenses per Form 990$2,038,088
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Certificates of Participation$17,995,126
Note Payable - City of Brea$1,855,893
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, Page 6, Part VI, Line 11B

“The brea h.o.p.e., inc. Treasurer will review the form 990 before it is submitted to the irs. After review, copies of the approved form 990 are provided to the organization's board members at the next scheduled board meeting.”

Form 990, Page 6, Part VI, Line 12C

“Whenever there is a reason to believe that a potential conflict of interest exists, the board of directors reviews the issue to determine the appropriate response.”

Form 990, Page 6, Part VI, Line 15A

“Compensation is not paid to any officers of the organization or to any other individual, therefore, a compensation process does not apply.”

Form 990, Page 6, Part VI, Line 15B

“SEE ABOVE EXPLANATION.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Brea Hope Inc
EIN
95-3867954
Phone
7149907826
Address
1 CIVIC CENTER CIRCLE, BREA, CA 92821

Signing Officer

Name
Jean Aldrete
Title
Treasurer
Phone
7149907826
Signed
2017-03-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bernie Kilcoyne
Formed
1984
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
2
Employees
0

Preparer

Firm
Vicenti Lloyd & Stutzman
Address
2210 E ROUTE 66 STE 100, GLENDORA, CA 91740-4676
Preparer
Gema Ptasinski CPA
Phone
6268577300
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Part XII, Line 2C

“The independent auditor is approved by the board of the brea olinda unified school district. The coporation's secretary/treasurer is responsible for oversight of the auditor.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The corporation is exempt from federal income taxes under section 501(c) (3) of the internal revenue code and state franchise taxes under section 23701(d) of the california revenue and taxation code. Accordingly, no income tax provision has been recorded. The corporation has evaluated its tax positions and the certainty as to whether those positions will be sustained in the event of an audit by taxing authorities at the federal and state levels. The primary tax positions evaluated are related to the corporation's continued qualification as a tax-exempt organization and whether there is unrelated business income activities conducted that would be taxable. Management has determined that all income tax positions are more likely than not of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax postions are required.”

Schedule D, Page 4, Part XIII

“Endowment earnings are used to award scholarships to graduating seniors at brea high school intending to pursue a career in engineering or architectual engineering.”

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CERTIFICATES OF PARTICIPATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTE PAYABLE - CITY OF BREA
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.99200
IRS990ScheduleD/RevenueNotReportedAmt040143
IRS990ScheduleD/RevenueSubtotalAmt02395588
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE AND STATE FRANCHISE TAXES UNDER SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. ACCORDINGLY, NO INCOME TAX PROVISION HAS BEEN RECORDED. THE CORPORATION HAS EVALUATED ITS TAX POSITIONS AND THE CERTAINTY AS TO WHETHER THOSE POSITIONS WILL BE SUSTAINED IN THE EVENT OF AN AUDIT BY TAXING AUTHORITIES AT THE FEDERAL AND STATE LEVELS. THE PRIMARY TAX POSITIONS EVALUATED ARE RELATED TO THE CORPORATION'S CONTINUED QUALIFICATION AS A TAX-EXEMPT ORGANIZATION AND WHETHER THERE IS UNRELATED BUSINESS INCOME ACTIVITIES CONDUCTED THAT WOULD BE TAXABLE. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSTIONS ARE REQUIRED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ENDOWMENT EARNINGS ARE USED TO AWARD SCHOLARSHIPS TO GRADUATING SENIORS AT BREA HIGH SCHOOL INTENDING TO PURSUE A CAREER IN ENGINEERING OR ARCHITECTUAL ENGINEERING.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XIII
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IRS990ScheduleD/TotalLiabilityAmt019851019
IRS990ScheduleD/TotalRevenuePerForm990Amt02395588
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02038088
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DR BRAD MASON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ANNE FLESHER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2JEAN ALDRETE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0BOARD MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1BOARD MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0215134
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1191631
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BREA H.O.P.E., INC. TREASURER WILL REVIEW THE FORM 990 BEFORE IT IS SUBMITTED TO THE IRS. AFTER REVIEW, COPIES OF THE APPROVED FORM 990 ARE PROVIDED TO THE ORGANIZATION'S BOARD MEMBERS AT THE NEXT SCHEDULED BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WHENEVER THERE IS A REASON TO BELIEVE THAT A POTENTIAL CONFLICT OF INTEREST EXISTS, THE BOARD OF DIRECTORS REVIEWS THE ISSUE TO DETERMINE THE APPROPRIATE RESPONSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS NOT PAID TO ANY OFFICERS OF THE ORGANIZATION OR TO ANY OTHER INDIVIDUAL, THEREFORE, A COMPENSATION PROCESS DOES NOT APPLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SEE ABOVE EXPLANATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE INDEPENDENT AUDITOR IS APPROVED BY THE BOARD OF THE BREA OLINDA UNIFIED SCHOOL DISTRICT. THE COPORATION'S SECRETARY/TREASURER IS RESPONSIBLE FOR OVERSIGHT OF THE AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 12, PART XII, LINE 2C
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,044,880
Liabilities
$20,264,424
Net assets
-$219,544
Revenue
$2,395,588
Expenses
$2,038,088
Net income
$357,500
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$20.8$7.23$13.6$2.10$1.33$0.77
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.7$8.84$12.8$2.00$1.49$0.51
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.7$10.3$12.4$2.02$11.0$9.03
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.2$11.8$21.4$22.5$1.70$20.8
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.4$16.8$0.58$2.35$1.90$0.45
2018Summary only. Only limited summary data is available for this year.$18.0$18.0$0.06$2.14$1.94$0.20
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.0$19.1$0.10$2.16$1.99$0.17
2016Detailed filing. Detailed filing data is available for this year.$20.0$20.3$0.22$2.40$2.04$0.36
2015Detailed filing. Detailed filing data is available for this year.$20.7$21.3$0.62$5.40$2.21$3.20
2014Detailed filing. Detailed filing data is available for this year.$22.0$25.8$3.83$3.26$2.43$0.83
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.8$27.5$4.68$2.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.6$28.9$5.29$2.49
2011Summary only. Only limited summary data is available for this year.$25.0$30.6$5.64$3.34$2.55$0.79
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.6$32.1$6.46$2.61