Civic Intelligence

Learning with a Difference Inc.

990 • Fiscal year 2017 • EIN 95-4616645

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 15, 2018

5461 Louise AvenueEncino, CA 91416

(818) 986-5045

Siviq Scores

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

Liabilities / Assets

80th percentile

0.64x

Higher debt load relative to assets than 80% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

80th percentile

1.02x

Higher debt load relative to revenue than 80% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

42nd percentile

1.2%

Higher net margin than 42% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

73rd percentile

$257,840

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

59th percentile

7.2%

Faster asset growth than 59% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

47th percentile

3.9%

Faster revenue growth than 47% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$19,740,261

Up $1,320,133 (+7.2%) from 2016

Net Assets

Up

$7,081,061

Up $145,794 (+2.1%) from 2016

Liabilities

Up

$12,659,200

Up $1,174,339 (+10%) from 2016

Revenue

Up

$12,470,559

Up $466,920 (+3.9%) from 2016

Expenses

Up

$12,324,765

Up $443,585 (+3.7%) from 2016

Net Income

Up

$145,794

Up $23,335 (+19%) from 2016

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $13,228,067Liabilities 2010: $8,427,246Net Assets 2010: $4,800,8212010Assets 2011: $15,429,428Liabilities 2011: $8,805,977Net Assets 2011: $6,623,4512011Assets 2012: $15,972,526Liabilities 2012: $9,262,359Net Assets 2012: $6,710,1672012Assets 2013: $15,822,622Liabilities 2013: $8,698,455Net Assets 2013: $7,124,1672013Assets 2014: $18,100,917Liabilities 2014: $11,374,384Net Assets 2014: $6,726,5332014Assets 2015: $18,577,270Liabilities 2015: $11,764,462Net Assets 2015: $6,812,8082015Assets 2016: $18,420,128Liabilities 2016: $11,484,861Net Assets 2016: $6,935,2672016Assets 2017: $19,740,261Liabilities 2017: $12,659,200Net Assets 2017: $7,081,0612017Assets 2018: $20,275,656Liabilities 2018: $12,550,590Net Assets 2018: $7,725,0662018Assets 2019: $22,049,153Liabilities 2019: $12,620,285Net Assets 2019: $9,428,8682019Assets 2020: $23,619,034Liabilities 2020: $13,240,760Net Assets 2020: $10,378,2742020Assets 2021: $24,959,978Liabilities 2021: $10,842,826Net Assets 2021: $14,117,1522021Assets 2022: $31,013,274Liabilities 2022: $11,168,830Net Assets 2022: $19,844,4442022Assets 2023: $43,425,582Liabilities 2023: $19,562,473Net Assets 2023: $23,863,1092023Assets 2024: $44,674,853Liabilities 2024: $24,015,232Net Assets 2024: $20,659,6212024

Highlighted filing

2017

Assets$19,740,261
Liabilities$12,659,200
Net Assets$7,081,061

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $6,791,6092010Revenue 2011: $9,582,108Expenses 2011: $7,764,674Net Income 2011: $1,817,4342011Expenses 2012: $8,921,8992012Expenses 2013: $9,766,0302013Revenue 2014: $10,162,542Expenses 2014: $10,560,176Net Income 2014: -$397,6342014Revenue 2015: $11,180,444Expenses 2015: $11,094,169Net Income 2015: $86,2752015Revenue 2016: $12,003,639Expenses 2016: $11,881,180Net Income 2016: $122,4592016Revenue 2017: $12,470,559Expenses 2017: $12,324,765Net Income 2017: $145,7942017Revenue 2018: $13,165,928Expenses 2018: $12,521,923Net Income 2018: $644,0052018Revenue 2019: $14,625,190Expenses 2019: $12,921,388Net Income 2019: $1,703,8022019Revenue 2020: $14,380,510Expenses 2020: $13,431,104Net Income 2020: $949,4062020Revenue 2021: $17,556,894Expenses 2021: $13,818,016Net Income 2021: $3,738,8782021Revenue 2022: $21,682,409Expenses 2022: $15,955,117Net Income 2022: $5,727,2922022Revenue 2023: $22,813,860Expenses 2023: $18,822,518Net Income 2023: $3,991,3422023Revenue 2024: $16,882,178Expenses 2024: $20,085,666Net Income 2024: -$3,203,4882024

Highlighted filing

2017

Revenue$12,470,559
Expenses$12,324,765
Net Income$145,794
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 15, 2018
Return Version
2016v3.1
Gross Receipts
$12,537,889
Mission and Program Overview

Mission

A creative and supportive college preparatory school dedicated to educating, empowering, and celebrating students with distinct learning styles, providing the tools necessary to achieve successful and fulfilling futures.

To provide a caring environment where motivated students with learning differences discover their unique paths to personal and academic excellence in preparation for a successful college experience.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,150,743$11,773,627▼ $377,116
Savings and Temporary Cash Investments$4,766,794$5,459,087▲ $692,293
Cash and Non-Interest-Bearing Accounts$944,653$1,931,666▲ $987,013
Intangible Assets$193,114$186,557▼ $6,557
Prepaid Expenses and Deferred Charges$142,777$157,742▲ $14,965
Other Notes and Loans Receivable, Net$44,552$97,209▲ $52,657
Accounts Receivable$123,230$60,090▼ $63,140
Pledges and Grants Receivable$36,712$52,750▲ $16,038
Total Assets$18,420,128$19,740,261▲ $1,320,133
Other Assets Total$17,553$21,533▲ $3,980
Liabilities
Unsecured Notes Loans Payable$8,574,489$8,537,829▼ $36,660
Deferred Revenue$2,285,857$3,358,874▲ $1,073,017
Accounts Payable and Accrued Expenses$624,515$762,497▲ $137,982
Total Liabilities$11,484,861$12,659,200▲ $1,174,339
Net Assets / Fund Balance
Unrestricted Net Assets$5,259,702$5,242,324▼ $17,378
Temporarily Rstr Net Assets$1,557,565$1,720,737▲ $163,172
Permanently Rstr Net Assets$118,000$118,000→ $0
Total Net Assets Fund Balance$6,935,267$7,081,061▲ $145,794
Total Liabilities and Net Assets / Fund Balance$18,420,128$19,740,261▲ $1,320,133

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,300,377$2,720,507$9,020,884
Land$4,085,906-$4,085,906
Leasehold Improvements$1,068,773$1,610,429$2,679,202
Equipment$227,581$945,804$1,173,385
Other Land Buildings$90,990$416,507$507,497

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$118,000---$118,000
2015$118,000---$118,000
2014$117,795---$117,795
2013$117,795---$117,795
2012$117,795-▲ $307-$117,795
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Claudia KoochekHead of SchoFT$250,139$7,701$257,840
Claudia KoochekHead of School-$226,459$51,121$257,840
Nancy NicholsDirector of AdvanFT$136,193$27,030$163,223
Nancy NicholsDirector of Advancement-$133,907$9,576$163,223
Jennifer SpellmanDirector ofFT$136,401$7,016$143,417
Steve TaylorDirector of FinaFT$120,015$3,692$123,707
Lori ShackelDirector of MarkeFT$103,572$12,513$116,085
Marissa DesienaInterim DireFT$106,578$1,425$108,003

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Tumblewood TransportationTransportationPO BOX 49291, Los Angeles, CA 90049$398,783
Custom Human Resources SolutionsHr Consultant3651 PEACHTREE PARKWAY SUITE E-251, Suwanee, GA 30024$103,832
Revenue and Support

Revenue Composition

Contributions and Grants
$958,047
Program Service Revenue
$11,302,294
Investment Income
$1,326
Other Revenue
$208,892
All Other Contributions
$954,703
Change in Net Assets
$145,794

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,465,864
Revenue Not Reported on Financial Statements
$1,004,695
Other Revenue Adjustments
$1,004,695
Total Revenue per Audited Statements
$11,465,864
Total Revenue per Form 990
$12,470,559
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,638,531
Other Expenses$3,681,539
Grants and Similar Amounts Paid$1,004,695
Total Fundraising Expense$500,733
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,874,778$794,244$245,002$5,914,024
Grants to Domestic Individuals$1,004,695--$1,004,695
Other Employee Benefits$591,516$150,980$21,651$764,147
Depreciation Depletion$506,492$154,897-$661,389
All Other Expenses$311,938$122,368$65,279$499,585
Payroll Taxes$374,467$68,908$20,342$463,717
Current Officers, Directors, Trustees, and Key Employees$159,845$151,576$70,126$381,547
Other Expenses$34,735$283,110$59,800$317,845
Interest$151,916$153,072-$304,988
Pension Plan Contributions$94,943$20,153-$115,096
Insurance$63,607$50,277-$113,884
Conferences and Meetings$22,539$21,307$14,844$58,690
Advertising$2,775$53,433-$56,208
Information Technology-$41,386$2,872$44,258
Fees for Services Accounting-$30,185-$30,185
Fees for Services Legal-$27,203-$27,203
Office Expenses$9,295$10,240$817$20,352
Total Functional Expenses$9,412,935$2,411,097$500,733$12,324,765

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$12,324,765
Expenses per Audited Statements$11,320,070
Total Expenses per Audited Statements$11,320,070
Expenses Not Reported on Financial Statements$1,004,695
Other Expense Adjustments$1,004,695
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$234,342
Fundraising Direct Expenses$67,330
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$237,686$234,342$30,823$203,519
Total Events$237,686$234,342$67,330$167,012
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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 draft is reviewed by the board prior to submission.

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

Management monitors and enforces compliance on a regular basis.

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

Executive compensation is reviewed by the board's executive committee. Benchmarking information is obtained via nais stats online, calisboa survey, and goldstar. This information is reviewed by the executive committee and recommended to the full board (independent members) for approval.

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

Officers and key employees compensation and wages over 100,000 are reviewed by the board's executive committee. Benchmarking information is obtained via nais stats online, calisboa survey, and goldstar. This information is reviewed by the executive committee and recommended to the full board (independent members) for approval.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Learning With a Difference Inc
EIN
95-4616645
Phone
8189865045
Address
5461 LOUISE AVENUE, ENCINO, CA 91416

Signing Officer

Name
Claudia Koochek
Title
Head of School
Phone
8189865045
Signed
2018-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Claudia Koochek
Legal Domicile
CA
Voting Board Members
19
Independent Board Members
19
Employees
160
Volunteers
75

Preparer

Firm
Walters & Sklyar Llp
Address
21031 VENTURA BLVD STE 401, WOODLAND HILLS, CA 91364
Preparer
Yefim Sklyar CPA
Phone
8189752040
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Scholarships awarded -1,004,695 scholarships awarded 1,004,695

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Endowment assets include donor-restricted funds that the school must hold in perpetuity. The principal is invested for long-term growth to service . Present and future generations of students. The income from endowment fund is appropriated in accordance with the school's endowment spending policy and is used in accordance with donor-imposed restrictions.

Schedule D, Page 3, Part X

The organization is exempt from federal and state income taxes under the internal revenue code (irc) section 501(c)(3) and the corresponding provisions of the california revenue and taxation code. While the organization is a tax-exempt organization under section 501(c)(3) of the irc, income determined to be unrelated business income (ubi) would be taxable. The organization evaluates uncertain tax positions through its review of the sources of income to identify ubi and certain other matters, including those which may affect its tax-exempt status. The effect of the uncertainty would be recorded if the outcome was considered probable and reasonably estimable. As of june 30, 2017 and 2016, the organization had no uncertain tax positions requiring accrual. The organization files federal and california exempt organization returns. Management believes the organization is no longer subject to income tax examinations by taxing authorities for the years before 2013 for federal and 2012 for state tax filings.

Schedule D, Page 4, Part XI, Line 4B

Scholarships awarded 1,004,695

Schedule D, Page 4, Part XII, Line 4B

Scholarships awarded 1,004,695

Schedule D, Page 4, Part XIII

Part xi, line 4b other adjustments consist of (1) scholarships awarded of 1,004,695 that are netted against tuition revenue in the audited financial statements. Part xii, line 4b other adjustments consist of (1) scholarships awarded of 1,004,695 that are netted against tuition revenue in the audited financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR OF
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.7$24.0$20.7$16.9$20.1$3.20
2023Detailed filing. Detailed filing data is available for this year.$43.4$19.6$23.9$22.8$18.8$3.99
2022Detailed filing. Detailed filing data is available for this year.$31.0$11.2$19.8$21.7$16.0$5.73
2021Detailed filing. Detailed filing data is available for this year.$25.0$10.8$14.1$17.6$13.8$3.74
2020Detailed filing. Detailed filing data is available for this year.$23.6$13.2$10.4$14.4$13.4$0.95
2019Detailed filing. Detailed filing data is available for this year.$22.0$12.6$9.43$14.6$12.9$1.70
2018Detailed filing. Detailed filing data is available for this year.$20.3$12.6$7.73$13.2$12.5$0.64
2017Detailed filing. Detailed filing data is available for this year.$19.7$12.7$7.08$12.5$12.3$0.15
2016Detailed filing. Detailed filing data is available for this year.$18.4$11.5$6.94$12.0$11.9$0.12
2015Detailed filing. Detailed filing data is available for this year.$18.6$11.8$6.81$11.2$11.1$0.09
2014Detailed filing. Detailed filing data is available for this year.$18.1$11.4$6.73$10.2$10.6$0.40
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.8$8.70$7.12$9.77
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.0$9.26$6.71$8.92
2011Summary only. Only limited summary data is available for this year.$15.4$8.81$6.62$9.58$7.76$1.82
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.2$8.43$4.80$6.79