Civic Intelligence

Smart & Final Education Foundation

990 • Fiscal year 2017 • EIN 95-4800664

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

600 Citadel DriveCommerce, CA 90040

(323) 869-7523

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

86th percentile

33%

Higher net margin than 86% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

67th percentile

9.6%

Faster asset growth than 67% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

79th percentile

28%

Faster revenue growth than 79% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,511,047

Up $220,265 (+9.6%) from 2016

Net Assets

Up

$2,511,047

Up $220,265 (+9.6%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$264,843

Up $58,704 (+28%) from 2016

Expenses

Down

$176,431

Down $1,726 (-1.0%) from 2016

Net Income

Up

$88,412

Up $60,430 (+216%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,826,064Liabilities 2011: $0Net Assets 2011: $1,826,0642011Assets 2012: $2,028,087Liabilities 2012: $0Net Assets 2012: $2,028,0872012Assets 2013: $2,320,583Liabilities 2013: $0Net Assets 2013: $2,320,5832013Assets 2014: $2,325,930Liabilities 2014: $0Net Assets 2014: $2,325,9302014Assets 2015: $2,263,997Liabilities 2015: $0Net Assets 2015: $2,263,9972015Assets 2016: $2,290,782Liabilities 2016: $0Net Assets 2016: $2,290,7822016Assets 2017: $2,511,047Liabilities 2017: $0Net Assets 2017: $2,511,0472017Assets 2018: $2,224,397Liabilities 2018: $0Net Assets 2018: $2,224,3972018Assets 2019: $2,551,165Liabilities 2019: $0Net Assets 2019: $2,551,1652019Assets 2020: $2,787,139Liabilities 2020: $0Net Assets 2020: $2,787,1392020Assets 2021: $2,920,627Liabilities 2021: $1,265Net Assets 2021: $2,919,3622021Assets 2022: $2,373,867Liabilities 2022: $1,750Net Assets 2022: $2,372,1172022Assets 2023: $2,667,643Liabilities 2023: $631Net Assets 2023: $2,667,0122023Assets 2024: $2,831,483Liabilities 2024: $2,274Net Assets 2024: $2,829,2092024

Highlighted filing

2017

Assets$2,511,047
Liabilities$0
Net Assets$2,511,047

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $111,902Expenses 2011: $61,456Net Income 2011: $50,4462011Revenue 2012: $163,186Expenses 2012: $127,877Net Income 2012: $35,3092012Revenue 2013: $257,567Expenses 2013: $152,652Net Income 2013: $104,9152013Revenue 2014: $238,955Expenses 2014: $148,676Net Income 2014: $90,2792014Revenue 2015: $289,614Expenses 2015: $169,627Net Income 2015: $119,9872015Revenue 2016: $206,139Expenses 2016: $178,157Net Income 2016: $27,9822016Revenue 2017: $264,843Expenses 2017: $176,431Net Income 2017: $88,4122017Revenue 2018: $239,149Expenses 2018: $176,963Net Income 2018: $62,1862018Revenue 2019: $175,192Expenses 2019: $190,933Net Income 2019: -$15,7412019Revenue 2020: $197,985Expenses 2020: $192,372Net Income 2020: $5,6132020Revenue 2021: $377,061Expenses 2021: $196,551Net Income 2021: $180,5102021Revenue 2022: $258,530Expenses 2022: $164,886Net Income 2022: $93,6442022Revenue 2023: $227,245Expenses 2023: $155,953Net Income 2023: $71,2922023Revenue 2024: $316,799Expenses 2024: $199,022Net Income 2024: $117,7772024

Highlighted filing

2017

Revenue$264,843
Expenses$176,431
Net Income$88,412
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$356,755
Mission and Program Overview

Mission

Provide scholarships to smart & final stores llc employees and dependents.

Provide scholarships to smart & final stores llc employees and dependents

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,237,671$2,496,718▲ $259,047
Cash and Non-Interest-Bearing Accounts$53,111$14,329▼ $38,782
Total Assets$2,290,782$2,511,047▲ $220,265
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$2,290,782$2,511,047▲ $220,265
Total Net Assets Fund Balance$2,290,782$2,511,047▲ $220,265
Total Liabilities and Net Assets / Fund Balance$2,290,782$2,511,047▲ $220,265
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tetsu TanimotoChairman & Director
David HirzPresident & Director
Richard PhegleyCFO & Director
Greg LongstreetDirector
John BonicattoDirector
Leland P SmithSecretary & Director
Revenue and Support

Revenue Composition

Contributions and Grants
$25,100
Program Service Revenue
$0
Investment Income
$239,743
Other Revenue
$0
All Other Contributions
$25,100
Change in Net Assets
$88,412

Audited Revenue Reconciliation

Revenue per Audited Statements
$264,843
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$131,853
Total Revenue per Audited Statements
$396,696
Total Revenue per Form 990
$264,843
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$150,000
Other Expenses$26,431
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$150,000--$150,000
Fees for Service Investment Mgmnt Fees-$16,761-$16,761
Other Expenses-$70-$70
Total Functional Expenses$150,000$26,431$0$176,431

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$176,431
Total Expenses per Audited Statements$176,431
Total Expenses per Form 990$176,431
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
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, Part VI, Section B, Line 11B

Form 990 is reviewed by the foundation's principal financial officer and the foundation's accountant. The completed 990 is furnished to and reviewed by the full board at their next scheduled meeting.

Form 990, Part VI, Section B, Line 12C

In accordance with the policy, the secretary monitors compliance and is responsible for obtaining updated disclosures from the board of directors.

Form 990, Part VI, Section C, Line 18

The organization makes its form 990 available upon request provided by the secretary of the board of directors.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Smart & Final Education Foundation
EIN
95-4800664
Phone
3238697523
Address
600 CITADEL DRIVE, COMMERCE, CA 90040

Signing Officer

Name
Richard Phegley
Title
CFO
Phone
3238697523
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Phegley
Formed
2001
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Vavrinek Trine Day & Co Llp
Address
300 N LAKE AVE SUITE 930, PASADENA, CA 91101-4106
Preparer
Erich Rail
Phone
6265771440
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 1:

The organization uses the modified cash method of accounting.

FORM 990, PART XII, LINE 2C:

The organization has appropriate members who oversee the financial statement audit and independent accountant selection process. The process has not changed from prior year.

Financial Statement Notes

PART X, LINE 2:

The foundation considers many factors when evaluating and estimating its tax positions and tax benefits, which may require periodic adjustments and which may not accurately anticipate actual outcomes. Management performs an evaluation of all income tax positions taken or expected to be taken in the course of preparing the foundation's income tax returns. Management believes the income tax positions taken more likely than not will be sustained under examination by the applicable tax authorities. Examples of tax positions include the tax-exempt status of the foundation and various positions related to the potential sources of unrelated business taxable income. Since tax matters are subject to some degree of uncertainty, there can be no assurance that the foundation's tax returns will not be challenged by the taxing authorities and that the foundation will not be subject to additional tax, penalties, and interest as a result of such challenge.

Raw XML Appendix398 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION CONSIDERS MANY FACTORS WHEN EVALUATING AND ESTIMATING ITS TAX POSITIONS AND TAX BENEFITS, WHICH MAY REQUIRE PERIODIC ADJUSTMENTS AND WHICH MAY NOT ACCURATELY ANTICIPATE ACTUAL OUTCOMES. MANAGEMENT PERFORMS AN EVALUATION OF ALL INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE FOUNDATION'S INCOME TAX RETURNS. MANAGEMENT BELIEVES THE INCOME TAX POSITIONS TAKEN MORE LIKELY THAN NOT WILL BE SUSTAINED UNDER EXAMINATION BY THE APPLICABLE TAX AUTHORITIES. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE FOUNDATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. SINCE TAX MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE FOUNDATION'S TAX RETURNS WILL NOT BE CHALLENGED BY THE TAXING AUTHORITIES AND THAT THE FOUNDATION WILL NOT BE SUBJECT TO ADDITIONAL TAX, PENALTIES, AND INTEREST AS A RESULT OF SUCH CHALLENGE.
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0EACH STUDENT COMPLETES A SCHOLARSHIP APPLICATION WHEN APPLYING FOR A SCHOLARSHIP FOR THE FIRST TIME. FOR MULTIPLE YEAR SCHOLARSHIPS, EACH YEAR AFTER THE SCHOLARSHIP IS GRANTED, THE STUDENT IS REQUIRED TO APPLY FOR A RENEWAL BY SUBMITTING A RENEWAL APPLICATION FORM WHICH INCLUDES CERTAIN ELIGIBILITY REQUIREMENTS IN ORDER TO CONTINUE TO RECEIVE THE GRANT.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE FOUNDATION'S PRINCIPAL FINANCIAL OFFICER AND THE FOUNDATION'S ACCOUNTANT. THE COMPLETED 990 IS FURNISHED TO AND REVIEWED BY THE FULL BOARD AT THEIR NEXT SCHEDULED MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN ACCORDANCE WITH THE POLICY, THE SECRETARY MONITORS COMPLIANCE AND IS RESPONSIBLE FOR OBTAINING UPDATED DISCLOSURES FROM THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE UPON REQUEST PROVIDED BY THE SECRETARY OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION USES THE MODIFIED CASH METHOD OF ACCOUNTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS APPROPRIATE MEMBERS WHO OVERSEE THE FINANCIAL STATEMENT AUDIT AND INDEPENDENT ACCOUNTANT SELECTION PROCESS. THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDE GRANTS DEDICATED TO GENERAL COMMUNITY CHARITABLE PURPOSES.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1PROVIDE GRANTS TO CHARITABLE COMMUNITY ORGANIZATIONS.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0600 CITADEL DRIVE
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
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IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
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IRS990/SchoolOperatingInd00
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IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
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ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-13
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ReturnHeader/FilingSecurityInformation/IPTm014:22:16
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0300 N LAKE AVE SUITE 930
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PASADENA
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ReturnHeader/PreparerPersonGrp/PhoneNum06265771440
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ERICH RAIL
ReturnHeader/ReturnTs02018-11-14T11:26:22-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.83$0.00$2.83$0.32$0.20$0.12
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.67$0.00$2.67$0.23$0.16$0.07
2022Detailed filing. Detailed filing data is available for this year.$2.37$0.00$2.37$0.26$0.16$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.92$0.00$2.92$0.38$0.20$0.18
2020Detailed filing. Detailed filing data is available for this year.$2.79$0.00$2.79$0.20$0.19$0.01
2019Detailed filing. Detailed filing data is available for this year.$2.55$0.00$2.55$0.18$0.19$0.02
2018Detailed filing. Detailed filing data is available for this year.$2.22$0.00$2.22$0.24$0.18$0.06
2017Detailed filing. Detailed filing data is available for this year.$2.51$0.00$2.51$0.26$0.18$0.09
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.29$0.00$2.29$0.21$0.18$0.03
2015Detailed filing. Detailed filing data is available for this year.$2.26$0.00$2.26$0.29$0.17$0.12
2014Summary only. Only limited summary data is available for this year.$2.33$0.00$2.33$0.24$0.15$0.09
2013Summary only. Only limited summary data is available for this year.$2.32$0.00$2.32$0.26$0.15$0.10
2012Summary only. Only limited summary data is available for this year.$2.03$0.00$2.03$0.16$0.13$0.04
2011Summary only. Only limited summary data is available for this year.$1.83$0.00$1.83$0.11$0.06$0.05