Civic Intelligence

Community Karate Foundation Inc.

990 • Fiscal year 2020 • EIN 95-4275872

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

1218 5th StreetSanta Monica, CA 90401

(424) 272-8923

Siviq Scores

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

Liabilities / Assets

84th percentile

0.30x

Higher debt load relative to assets than 84% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

92nd percentile

0.62x

Higher debt load relative to revenue than 92% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

64th percentile

15%

Higher net margin than 64% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

94th percentile

252%

Faster asset growth than 94% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

31st percentile

-36%

Faster revenue growth than 31% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Flat

$155,581

Flat from 2020

Net Assets

Flat

$108,681

Flat from 2020

Liabilities

Flat

$46,900

Flat from 2020

Revenue

Flat

$76,030

Flat from 2020

Expenses

Flat

$64,332

Flat from 2020

Net Income

Flat

$11,698

Flat from 2020

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2019: $44,243Liabilities 2019: $0Net Assets 2019: $44,2432019Assets 2020: $155,581Liabilities 2020: $46,900Net Assets 2020: $108,6812020Assets 2020: $155,581Liabilities 2020: $46,900Net Assets 2020: $108,6812020Assets 2021: $275,480Liabilities 2021: $176,600Net Assets 2021: $98,8802021Assets 2022: $262,846Liabilities 2022: $176,600Net Assets 2022: $86,2462022Assets 2023: $291,951Liabilities 2023: $176,600Net Assets 2023: $115,3512023Assets 2024: $307,596Liabilities 2024: $173,989Net Assets 2024: $133,6072024

Highlighted filing

2020

Assets$155,581
Liabilities$46,900
Net Assets$108,681

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2019: $118,115Expenses 2019: $88,836Net Income 2019: $29,2792019Revenue 2020: $76,030Expenses 2020: $64,332Net Income 2020: $11,6982020Revenue 2020: $76,030Expenses 2020: $64,332Net Income 2020: $11,6982020Revenue 2021: $49,232Expenses 2021: $59,033Net Income 2021: -$9,8012021Revenue 2022: $47,168Expenses 2022: $59,802Net Income 2022: -$12,6342022Revenue 2023: $101,021Expenses 2023: $71,916Net Income 2023: $29,1052023Revenue 2024: $86,480Expenses 2024: $68,224Net Income 2024: $18,2562024

Highlighted filing

2020

Revenue$76,030
Expenses$64,332
Net Income$11,698
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$76,030
Mission and Program Overview

Mission

To provide and support community health and welfare through the study and training in karate and other self-defense and physical fitness techniques.

Supporting community health and welfare through the study and training in traditional shotokan karate since 1990

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$44,243$108,681▲ $64,438
Cash and Non-Interest-Bearing Accounts$44,243$106,581▲ $62,338
Investments in Publicly Traded Securities-$49,000-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$44,243$155,581▲ $111,338
Liabilities
Other Liabilities$0$46,900▲ $46,900
Total Liabilities$0$46,900▲ $46,900
Net Assets / Fund Balance
Total Net Assets Fund Balance$44,243$108,681▲ $64,438
Total Liabilities and Net Assets / Fund Balance$44,243$155,581▲ $111,338
Compensation and Service Providers

Board Members and Trustees

NameTitle
James FieldChairman
Jeffrey FrenchDirector
Leonard KleinrockDirector
Reinhard KarglDirector
Lynn FrancoSecretary
Katie ChenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$58,699
Program Service Revenue
$16,815
Investment Income
$516
Other Revenue
$0
All Other Contributions
$58,699
Change in Net Assets
$11,698
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$64,332
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
Occupancy$43,129--$43,129
Office Expenses-$3,963-$3,963
All Other Expenses$1,860--$1,860
Other Expenses$1,700--$1,700
Insurance-$1,120-$1,120
Fees for Services Accounting-$825-$825
Fees for Services Other-$472-$472
Total Functional Expenses$57,952$6,380$0$64,332
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
Loans Payable$46,900
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

Form 990 is prepared by a cpa and reviewed by the board of directors.

Form 990, Part VI, Section C, Line 19

Records available upon request

Filing and Contact Details

Filer

Filer Name
Community Karate Foundation Inc
EIN
95-4275872
Phone
4242728923
Address
1218 5TH STREET, SANTA MONICA, CA 90401

Signing Officer

Name
Katie Chen
Title
Treasurer
Phone
4242728923
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Field
Formed
1990
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
J Michael Pitari CPA
Address
2615 PACIFIC COAST HIGHWAY SUITE, 224, HERMOSA BEACH, CA 90254
Preparer
J Michael Pitari
Phone
3108745720
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Fy2020 was dominated by the government-mandated shutdown and mandatory suspension of all indoor, in-person teaching activity beginning 03/2020. In 05/2020, our immediate surroundings were further impacted by violent mass rioting and uncontrolled vandalization, arson and looting during a political protest in the city of santa monica. Lacking income from tuition, the cfk responded by appealing for donations and applying for grants and loans. The resulting funding was used to build a financial safety cushion for long-term recovery once the pandemic and economic difficulties have passed, and to continue our mission throughout the crisis as best as possible.

Form 990, Part III, Line 3

Unusual, covid-related expenses during fy2020 were, for example: mandatory special liability insurance for holding classes outdoors on city-owned land, ppe, cleaning supplies, upgraded locks, and audio-visual equipment for online outreach and classes. Our online classes were digitally webcast from the instructors' homes and from our school location under strict safety protocols. They proved especially popular and attracted many students from across the u.s. And seven foreign countries. We offered 8 outdoor classes per week and 9 online classes per week. These outdoor and online classes were offered free of charge to promote physical and mental public health, and to boost morale while people were requested to stay home or socially isolated during the height of covid fatalities. The ckf has no paid employees. It operates on volunteer labor and donated time and money. This keeps the administration costs extremely low. More information: http://communitykaratefoundation.org.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FY2020 WAS DOMINATED BY THE GOVERNMENT-MANDATED SHUTDOWN AND MANDATORY SUSPENSION OF ALL INDOOR, IN-PERSON TEACHING ACTIVITY BEGINNING 03/2020. IN 05/2020, OUR IMMEDIATE SURROUNDINGS WERE FURTHER IMPACTED BY VIOLENT MASS RIOTING AND UNCONTROLLED VANDALIZATION, ARSON AND LOOTING DURING A POLITICAL PROTEST IN THE CITY OF SANTA MONICA. LACKING INCOME FROM TUITION, THE CFK RESPONDED BY APPEALING FOR DONATIONS AND APPLYING FOR GRANTS AND LOANS. THE RESULTING FUNDING WAS USED TO BUILD A FINANCIAL SAFETY CUSHION FOR LONG-TERM RECOVERY ONCE THE PANDEMIC AND ECONOMIC DIFFICULTIES HAVE PASSED, AND TO CONTINUE OUR MISSION THROUGHOUT THE CRISIS AS BEST AS POSSIBLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UNUSUAL, COVID-RELATED EXPENSES DURING FY2020 WERE, FOR EXAMPLE: MANDATORY SPECIAL LIABILITY INSURANCE FOR HOLDING CLASSES OUTDOORS ON CITY-OWNED LAND, PPE, CLEANING SUPPLIES, UPGRADED LOCKS, AND AUDIO-VISUAL EQUIPMENT FOR ONLINE OUTREACH AND CLASSES. OUR ONLINE CLASSES WERE DIGITALLY WEBCAST FROM THE INSTRUCTORS' HOMES AND FROM OUR SCHOOL LOCATION UNDER STRICT SAFETY PROTOCOLS. THEY PROVED ESPECIALLY POPULAR AND ATTRACTED MANY STUDENTS FROM ACROSS THE U.S. AND SEVEN FOREIGN COUNTRIES. WE OFFERED 8 OUTDOOR CLASSES PER WEEK AND 9 ONLINE CLASSES PER WEEK. THESE OUTDOOR AND ONLINE CLASSES WERE OFFERED FREE OF CHARGE TO PROMOTE PHYSICAL AND MENTAL PUBLIC HEALTH, AND TO BOOST MORALE WHILE PEOPLE WERE REQUESTED TO STAY HOME OR SOCIALLY ISOLATED DURING THE HEIGHT OF COVID FATALITIES. THE CKF HAS NO PAID EMPLOYEES. IT OPERATES ON VOLUNTEER LABOR AND DONATED TIME AND MONEY. THIS KEEPS THE ADMINISTRATION COSTS EXTREMELY LOW. MORE INFORMATION: HTTP://COMMUNITYKARATEFOUNDATION.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PREPARED BY A CPA AND REVIEWED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RECORDS AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd01
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06380
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt057952
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IRS990/TotalLiabilitiesGrp/EOYAmt046900
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0108681
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt057952
IRS990/TotalProgramServiceRevenueAmt016815
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt017331
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt076030
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0155581
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
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IRS990/USAddress/AddressLine1Txt01218 5TH STREET
IRS990/USAddress/CityNm0SANTA MONICA
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IRS990/USAddress/ZIPCd090401
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0COMMUNITYKARATEFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KATIE CHEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04242728923
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COMMUNITY KARATE FOUNDATION INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ISKF SANTA MONICA
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ReturnHeader/Filer/EIN0954275872
ReturnHeader/Filer/PhoneNum04242728923
ReturnHeader/Filer/USAddress/AddressLine1Txt01218 5TH STREET
ReturnHeader/Filer/USAddress/CityNm0SANTA MONICA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090401
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271724442
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0J MICHAEL PITARI CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02615 PACIFIC COAST HIGHWAY SUITE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt0224
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HERMOSA BEACH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090254
ReturnHeader/PreparerPersonGrp/PhoneNum03108745720
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0J MICHAEL PITARI
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-11-15T15:59:46-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KATIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CHEN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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