Civic Intelligence

Inner City Education Foundation

990 • Fiscal year 2015 • EIN 95-4548521

Jul 01, 2014 to Jun 30, 2015 • Filed on Mar 18, 2016

5120 W Goldleaf Circle 350Los Angeles, CA 90056

(323) 290-6900

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.41x

Higher debt load relative to assets than 63% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

37th percentile

0.21x

Higher debt load relative to revenue than 37% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Net Margin

58th percentile

6.3%

Higher net margin than 58% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

40th percentile

$208,261

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Asset Growth

55th percentile

2.6%

Faster asset growth than 55% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

63rd percentile

8.8%

Faster revenue growth than 63% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Assets

Up

$21,765,876

Up $548,290 (+2.6%) from 2014

Net Assets

Up

$12,871,425

Up $2,726,522 (+27%) from 2014

Liabilities

Down

$8,894,451

Down $2,178,232 (-20%) from 2014

Revenue

Up

$42,975,150

Up $3,474,874 (+8.8%) from 2014

Expenses

Up

$40,248,628

Up $3,612,233 (+9.9%) from 2014

Net Income

Down

$2,726,522

Down $137,359 (-4.8%) from 2014

Historical Trend

Balance Sheet Trend

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

$100M$50M$0-$50MAssets 2010: $13,150,581Liabilities 2010: $26,135,181Net Assets 2010: -$12,984,6002010Assets 2011: $14,165,187Liabilities 2011: $23,661,728Net Assets 2011: -$9,496,5412011Assets 2012: $15,698,623Liabilities 2012: $19,395,656Net Assets 2012: -$3,697,0332012Assets 2013: $26,329,202Liabilities 2013: $19,048,150Net Assets 2013: $7,281,0522013Assets 2014: $21,217,586Liabilities 2014: $11,072,683Net Assets 2014: $10,144,9032014Assets 2015: $21,765,876Liabilities 2015: $8,894,451Net Assets 2015: $12,871,4252015Assets 2016: $24,859,401Liabilities 2016: $6,519,246Net Assets 2016: $18,340,1552016Assets 2017: $25,447,584Liabilities 2017: $5,936,682Net Assets 2017: $19,510,9022017Assets 2018: $26,332,346Liabilities 2018: $6,170,290Net Assets 2018: $20,162,0562018Assets 2019: $28,289,423Liabilities 2019: $5,739,639Net Assets 2019: $22,549,7842019Assets 2020: $24,831,978Liabilities 2020: $7,099,719Net Assets 2020: $17,732,2592020Assets 2021: $33,345,924Liabilities 2021: $8,025,023Net Assets 2021: $25,320,9012021Assets 2022: $35,733,948Liabilities 2022: $9,318,761Net Assets 2022: $26,415,1872022Assets 2023: $85,685,842Liabilities 2023: $58,097,565Net Assets 2023: $27,588,2772023Assets 2024: $85,378,857Liabilities 2024: $55,202,787Net Assets 2024: $30,176,0702024

Highlighted filing

2015

Assets$21,765,876
Liabilities$8,894,451
Net Assets$12,871,425

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $43,124,0092010Expenses 2011: $40,816,5992011Expenses 2012: $35,454,5272012Revenue 2013: $45,766,980Expenses 2013: $34,788,895Net Income 2013: $10,978,0852013Revenue 2014: $39,500,276Expenses 2014: $36,636,395Net Income 2014: $2,863,8812014Revenue 2015: $42,975,150Expenses 2015: $40,248,628Net Income 2015: $2,726,5222015Revenue 2016: $47,872,157Expenses 2016: $42,403,427Net Income 2016: $5,468,7302016Revenue 2017: $46,413,602Expenses 2017: $45,242,855Net Income 2017: $1,170,7472017Revenue 2018: $43,943,502Expenses 2018: $43,292,348Net Income 2018: $651,1542018Revenue 2019: $39,118,682Expenses 2019: $36,730,954Net Income 2019: $2,387,7282019Revenue 2020: $29,284,682Expenses 2020: $34,102,207Net Income 2020: -$4,817,5252020Revenue 2021: $41,820,831Expenses 2021: $34,232,189Net Income 2021: $7,588,6422021Revenue 2022: $43,441,114Expenses 2022: $42,346,828Net Income 2022: $1,094,2862022Revenue 2023: $51,343,367Expenses 2023: $50,170,277Net Income 2023: $1,173,0902023Revenue 2024: $55,808,501Expenses 2024: $53,220,708Net Income 2024: $2,587,7932024

Highlighted filing

2015

Revenue$42,975,150
Expenses$40,248,628
Net Income$2,726,522
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 18, 2016
Return Version
2014v6.0
Gross Receipts
$42,975,150
Mission and Program Overview

Mission

To prepare all students to attend and compete at the top 100 colleges and universities in the nation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,891,024$8,761,352▲ $870,328
Cash and Non-Interest-Bearing Accounts$3,889,533$6,290,921▲ $2,401,388
Accounts Receivable$8,966,596$6,230,945▼ $2,735,651
Loans From Officers Directors$805,000--
Prepaid Expenses and Deferred Charges$470,433$482,658▲ $12,225
Total Assets$21,217,586$21,765,876▲ $548,290
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,859,406--
Unsecured Notes Loans Payable$1,294,867$4,289,294▲ $2,994,427
Accounts Payable and Accrued Expenses$3,515,668$3,020,345▼ $495,323
Deferred Revenue$597,742$1,584,812▲ $987,070
Total Liabilities$11,072,683$8,894,451▼ $2,178,232
Net Assets / Fund Balance
Unrestricted Net Assets$4,582,066$12,871,425▲ $8,289,359
Temporarily Rstr Net Assets$5,562,837--
Total Net Assets Fund Balance$10,144,903$12,871,425▲ $2,726,522
Total Liabilities and Net Assets / Fund Balance$21,217,586$21,765,876▲ $548,290

Asset Categories

AssetBook ValueDepreciationBasis
Land$6,014,685-$6,014,685
Equipment$392,675$2,082,193$2,474,868
Buildings$839,335$1,088,561$1,927,896
Other Land Buildings$1,510,157-$1,510,157
Leasehold Improvements$4,500$4,500$9,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Parker HudnutChief ExecutFT$194,812$13,449$208,261
Parker HudnutChief Executive Offi-$194,812$13,449$208,261
Greg BredelCOO/CFOFT$158,631$5,241$163,872
Ryan GomezSr DirectorFT$109,062$23,217$132,279
Lakeyshua WashingtonSchool DirecFT$101,341$16,737$118,078
Stuart KrohnRugby DirectFT$102,560$9,324$111,884

Board Members and Trustees

NameTitle
David G MooreBoard Chairm
Ambassador Frank BaxterBoard Member
Brandon RobersonBoard Member
Mayor Richard RiordinBoard Member
Tom SticklerBoard Member
Tramell JohnsonBoard Member
William Boutie LucasBoard Member
Ranie LambeBoard Secret

Highest Paid Contractors

ContractorServicesLocationCompensation
After-school-all-starsAfter School6501 FOUNTAIN AVENUE, Los Angeles, CA 90028$608,096
Excellent Education DevelopmentBusiness Srvc11858 LA GRANGE AVE 2ND FLOOR, Los Angeles, CA 90028$543,530
Better 4 You Meals INCFood Service5743 SMITHWAY STREET, Commerce, CA 90040$504,237
Wlc Architects INCBuilding Srvc1917 PALOMAR OAKS WAY, Carlsbad, CA 92008$501,512
Bccgp Cal LLCBuilding Srvc8700 N SECOND STREET STE 201, Brighton, MI 48116$414,471
Revenue and Support

Revenue Composition

Contributions and Grants
$42,236,481
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$738,669
All Other Contributions
$3,448,781
Change in Net Assets
$2,726,522

Audited Revenue Reconciliation

Revenue per Audited Statements
$42,975,150
Total Revenue per Audited Statements
$42,975,150
Total Revenue per Form 990
$42,975,150
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$22,567,709
Other Expenses$17,680,919
Total Fundraising Expense$122,973
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$15,103,214$2,573,060-$17,676,274
Fees for Services Other$5,156,770$139,081-$5,295,851
Occupancy$3,742,268$112,494-$3,854,762
Other Employee Benefits$1,918,816$254,172-$2,172,988
Other Expenses$1,332,000$258,705$122,973$1,590,705
Pension Plan Contributions$1,363,760$82,322-$1,446,082
Payroll Taxes$703,403$155,272-$858,675
Office Expenses$552,381$164,354-$716,735
Fees for Services Legal$233,046$274,904-$507,950
Fees for Services Accounting-$500,000-$500,000
Current Officers, Directors, Trustees, and Key Employees$413,690--$413,690
Travel$296,582$84,139-$380,721
Interest$82,926$242,451-$325,377
Insurance$262,276$29,107-$291,383
Depreciation Depletion$179,460$72,147-$251,607
Advertising$17,572$42,430-$60,002
Conferences and Meetings$18,441$33,566-$52,007
Total Functional Expenses$33,970,988$6,154,667$122,973$40,248,628

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$40,248,628
Total Expenses per Audited Statements$40,248,628
Total Expenses per Form 990$40,248,628
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
Loans from Officers, Directors, Trustees, and Key Employees$805,000--
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 cfo signs it, and reports the results of his review with the board of trustees.

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

Conflicts of interest reviewed annual by management and the board.

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

The ceo salary is approved by the board of trustees.

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

Salaries for officers and trustees are approved by the board of trustees.

Form 990, Page 6, Part VI, Line 19

All governing documents are maintained at the corporate office and are available upon request.

Filing and Contact Details

Filer

Filer Name
Inner City Education Foundation
EIN
95-4548521
Phone
3232906900
Address
5120 W GOLDLEAF CIRCLE 350, LOS ANGELES, CA 90056

Signing Officer

Name
Greg Brendel
Title
CFO
Phone
3232906900
Signed
2016-03-18

Organization Details

Principal Officer
Greg Brendel
Formed
1995
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
552
Volunteers
650

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

Other fees for services 5,156,770 139,081 0

Financial Statement Notes

Schedule D, Page 3, Part X

Icef is a non-profit entity exempt from the payment of income taxes under internal revenue code section 501(c)(3) and california revenue and taxation code section 23701d. Accordingly, no provision has been made for income taxes. 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 positions are required. Icef files informational returns in the u.s. Federal jurisdiction, and the state of california. The statute of limitations for federal and california state purposes is generally three and four years, respectively.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ICEF IS A NON-PROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. 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 POSITIONS ARE REQUIRED. ICEF FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION, AND THE STATE OF CALIFORNIA. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ICEF PUBLIC SCHOOLS ANNUALLY BROADCAST AND ADVERTISES POLICY.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1ICEF SCHOOLS DO NOT PROVIDE ANY SCHOLARSHIP OR FINANCIAL ASSISTANCE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2AS PUBLIC CHARTER SCHOOLS, ICEF PUBLIC SCHOOLS RECEIVE A PER ADA FEE FROM THE CALIFORNIA DEPARTMENT OF EDUCATION FOR EVERY PUPIL ATTENDING THE SCHOOL. ADDITIONALLY, ICEF PUBLIC SCHOOLS ARE ELIGIBLE FOR LOCAL, STATE, FEDERAL PROGRAMS, AND CALIFORNIA LOTTERY FUNDS.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$85.4$55.2$30.2$55.8$53.2$2.59
2023Detailed filing. Detailed filing data is available for this year.$85.7$58.1$27.6$51.3$50.2$1.17
2022Detailed filing. Detailed filing data is available for this year.$35.7$9.32$26.4$43.4$42.3$1.09
2021Detailed filing. Detailed filing data is available for this year.$33.3$8.03$25.3$41.8$34.2$7.59
2020Detailed filing. Detailed filing data is available for this year.$24.8$7.10$17.7$29.3$34.1$4.82
2019Summary only. Only limited summary data is available for this year.$28.3$5.74$22.5$39.1$36.7$2.39
2018Detailed filing. Detailed filing data is available for this year.$26.3$6.17$20.2$43.9$43.3$0.65
2017Detailed filing. Detailed filing data is available for this year.$25.4$5.94$19.5$46.4$45.2$1.17
2016Detailed filing. Detailed filing data is available for this year.$24.9$6.52$18.3$47.9$42.4$5.47
2015Detailed filing. Detailed filing data is available for this year.$21.8$8.89$12.9$43.0$40.2$2.73
2014Detailed filing. Detailed filing data is available for this year.$21.2$11.1$10.1$39.5$36.6$2.86
2013Summary only. Only limited summary data is available for this year.$26.3$19.0$7.28$45.8$34.8$11.0
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.7$19.4$3.70$35.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.2$23.7$9.50$40.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.2$26.1$13.0$43.1