Civic Intelligence

Fairplex Child Development Center

990 • Fiscal year 2020 • EIN 95-4662070

Jan 01, 2020 to Jun 30, 2020 • Filed on May 13, 2021

1101 W Mckinley AvePomona, CA 91768

(909) 623-3111

Siviq Scores

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

Liabilities / Assets

44th percentile

0.13x

Higher debt load relative to assets than 44% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

77th percentile

0.76x

Higher debt load relative to revenue than 77% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

20th percentile

-10%

Higher net margin than 20% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

29th percentile

$68,916

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

58th percentile

9.2%

Faster asset growth than 58% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

4th percentile

-63%

Faster revenue growth than 4% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$7,670,652

Up $645,411 (+9.2%) from 2019

Net Assets

Down

$6,710,513

Down $127,354 (-1.9%) from 2019

Liabilities

Up

$960,139

Up $772,765 (+412%) from 2019

Revenue

Down

$1,265,877

Down $2,169,424 (-63%) from 2019

Expenses

Down

$1,393,231

Down $1,226,548 (-47%) from 2019

Net Income

Down

-$127,354

Down $942,876 (-116%) from 2019

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $4,794,827Liabilities 2011: $239,584Net Assets 2011: $4,555,2432011Assets 2012: $4,605,216Liabilities 2012: $226,277Net Assets 2012: $4,378,9392012Assets 2013: $5,105,587Liabilities 2013: $316,699Net Assets 2013: $4,788,8882013Assets 2014: $5,423,316Liabilities 2014: $220,358Net Assets 2014: $5,202,9582014Assets 2015: $5,412,091Liabilities 2015: $215,225Net Assets 2015: $5,196,8662015Assets 2016: $5,770,737Liabilities 2016: $164,130Net Assets 2016: $5,606,6072016Assets 2017: $6,218,676Liabilities 2017: $207,148Net Assets 2017: $6,011,5282017Assets 2018: $6,365,095Liabilities 2018: $342,750Net Assets 2018: $6,022,3452018Assets 2019: $7,025,241Liabilities 2019: $187,374Net Assets 2019: $6,837,8672019Assets 2020: $7,670,652Liabilities 2020: $960,139Net Assets 2020: $6,710,5132020Assets 2022: $7,879,730Liabilities 2022: $823,190Net Assets 2022: $7,056,5402022Assets 2023: $8,360,841Liabilities 2023: $1,117,648Net Assets 2023: $7,243,1932023Assets 2024: $8,889,263Liabilities 2024: $1,152,892Net Assets 2024: $7,736,3712024

Highlighted filing

2020

Assets$7,670,652
Liabilities$960,139
Net Assets$6,710,513

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $2,682,709Expenses 2011: $2,512,301Net Income 2011: $170,4082011Revenue 2012: $2,371,464Expenses 2012: $2,547,768Net Income 2012: -$176,3042012Revenue 2013: $1,495,059Expenses 2013: $1,231,850Net Income 2013: $263,2092013Revenue 2014: $2,789,068Expenses 2014: $2,374,998Net Income 2014: $414,0702014Revenue 2015: $2,411,261Expenses 2015: $2,417,353Net Income 2015: -$6,0922015Revenue 2016: $2,859,667Expenses 2016: $2,449,926Net Income 2016: $409,7412016Revenue 2017: $3,033,128Expenses 2017: $2,593,899Net Income 2017: $439,2292017Revenue 2018: $2,587,982Expenses 2018: $2,577,165Net Income 2018: $10,8172018Revenue 2019: $3,435,301Expenses 2019: $2,619,779Net Income 2019: $815,5222019Revenue 2020: $1,265,877Expenses 2020: $1,393,231Net Income 2020: -$127,3542020Revenue 2022: $3,169,722Expenses 2022: $3,062,969Net Income 2022: $106,7532022Revenue 2023: $4,094,811Expenses 2023: $3,908,158Net Income 2023: $186,6532023Revenue 2024: $5,675,436Expenses 2024: $5,182,258Net Income 2024: $493,1782024

Highlighted filing

2020

Revenue$1,265,877
Expenses$1,393,231
Net Income-$127,354
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Jun 30, 2020
Signed
May 13, 2021
Return Version
2020v4.0
Gross Receipts
$1,265,877
Mission and Program Overview

Mission

Provide a high quality, safe, nurturing educational environment where diverse children, families and adults come together to learn and grow. We cherish children, support families, build community among diversity and pursue excellence in early education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,773,464$5,121,558▲ $1,348,094
Land, Buildings, and Equipment, Net$1,486,913$1,557,862▲ $70,949
Cash and Non-Interest-Bearing Accounts$833,842$518,766▼ $315,076
Savings and Temporary Cash Investments$864,132$364,191▼ $499,941
Pledges and Grants Receivable$58,494$81,678▲ $23,184
Prepaid Expenses and Deferred Charges$8,396$26,597▲ $18,201
Total Assets$7,025,241$7,670,652▲ $645,411
Liabilities
Accounts Payable and Accrued Expenses$187,374$420,629▲ $233,255
Unsecured Notes Loans Payable-$414,510-
Deferred Revenue-$125,000-
Total Liabilities$187,374$960,139▲ $772,765
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,773,464$3,666,876▼ $106,588
Net Assets Without Donor Restrictions$3,064,403$3,043,637▼ $20,766
Total Net Assets Fund Balance$6,837,867$6,710,513▼ $127,354
Total Liabilities and Net Assets / Fund Balance$7,025,241$7,670,652▲ $645,411

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$898,685$866,359$1,765,044
Equipment$659,177$257,147$916,324

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$3,773,464-▼ $106,588-$3,666,876
2019$3,263,689-▲ $509,775-$3,773,464
2018$3,473,229-▼ $209,540-$3,263,689
2017$3,198,209-▲ $336,446-$3,473,229
2016$3,013,925$13,142▲ $171,142-$3,198,209
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Holly ReynoldsDirectorPT$68,916$68,916

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,045,353
Program Service Revenue
$320,857
Investment Income
$-101,833
Other Revenue
$1,500
All Other Contributions
$443,056
Change in Net Assets
$-127,354

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,265,877
Total Revenue per Audited Statements
$1,265,877
Total Revenue per Form 990
$1,265,877
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,191,746
Other Expenses$201,485
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$864,040$43,507-$907,547
Other Employee Benefits$200,465$10,107-$210,572
Payroll Taxes$70,093$3,534-$73,627
All Other Expenses$36,342--$36,342
Depreciation Depletion$29,135--$29,135
Fees for Services Other$17,230--$17,230
Other Expenses$14,250--$14,250
Insurance$5,803--$5,803
Total Functional Expenses$1,336,083$57,148$0$1,393,231

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,393,231
Total Expenses per Audited Statements$1,393,231
Total Expenses per Form 990$1,393,231
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,500
Professional Fundraising Fees$0
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
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
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, Page 6, Part VI, Line 11B

Each board member was given an opportunity to review a copy of the form 990 prior to filing.

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

Board members are required to sign a conflict of interest statement. The manager and officers review the statements to determine if any conflicts exist. Board members are requested to eliminate the conflict or recuse themselves from any direct involement of the issues related to the conflict.

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

The board reviews and approves the compensation of top management annually. Compensation of managers at comparable organizations is used as a guide to determine compensation.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents , conflict of interest policy and annual financial statements available to the public upon request by contacting the organization at the corporate address.

Filing and Contact Details

Filer

Filer Name
Fairplex Child Development Center
EIN
95-4662070
Phone
9096233111
Address
1101 W MCKINLEY AVE, POMONA, CA 91768

Signing Officer

Name
Bernard Bernstein
Title
Chair
Phone
9096233111
Signed
2021-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bernard Bernstein
Formed
1980
Legal Domicile
CA
Voting Board Members
13
Independent Board Members
13
Employees
95
Volunteers
50

Preparer

Firm
Werner & Company Inc
Address
9587 ARROW ROUTE SUITE G, RANCHO CUCAMONGA, CA 91730
Preparer
Jeff L Werner
Phone
9097273076
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Provide a high quality, safe, nurturing educational environment where diverse children, families and adults come together to learn and grow. We cherish children, support families, build community among diversity and pursue excellence in early education.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

To provide funds to subsidize child development programs with scholarship opportunities for those families who are unable to qualify for state funding and are unable to pay full tuition fees. .

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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03534
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE FUNDS TO SUBSIDIZE CHILD DEVELOPMENT PROGRAMS WITH SCHOLARSHIP OPPORTUNITIES FOR THOSE FAMILIES WHO ARE UNABLE TO QUALIFY FOR STATE FUNDING AND ARE UNABLE TO PAY FULL TUITION FEES. .
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROVIDE A HIGH QUALITY, SAFE, NURTURING EDUCATIONAL ENVIRONMENT WHERE DIVERSE CHILDREN, FAMILIES AND ADULTS COME TOGETHER TO LEARN AND GROW. WE CHERISH CHILDREN, SUPPORT FAMILIES, BUILD COMMUNITY AMONG DIVERSITY AND PURSUE EXCELLENCE IN EARLY EDUCATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH BOARD MEMBER WAS GIVEN AN OPPORTUNITY TO REVIEW A COPY OF THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT. THE MANAGER AND OFFICERS REVIEW THE STATEMENTS TO DETERMINE IF ANY CONFLICTS EXIST. BOARD MEMBERS ARE REQUESTED TO ELIMINATE THE CONFLICT OR RECUSE THEMSELVES FROM ANY DIRECT INVOLEMENT OF THE ISSUES RELATED TO THE CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD REVIEWS AND APPROVES THE COMPENSATION OF TOP MANAGEMENT ANNUALLY. COMPENSATION OF MANAGERS AT COMPARABLE ORGANIZATIONS IS USED AS A GUIDE TO DETERMINE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS , CONFLICT OF INTEREST POLICY AND ANNUAL FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST BY CONTACTING THE ORGANIZATION AT THE CORPORATE ADDRESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NONE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NONE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LOS ANGELES COUNTY FAIR ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1THE LEARNING CENTER AT FAIRPLEX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0961660585
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1954686764
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C5
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0FAIR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1EDUCATIONA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01101 W MCKINLEY AVE

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