First School Financial Aid Trust Honoring the Memory of C Markman

990EZ • Fiscal year 2018 • EIN 95-7092089

Jan 01, 2018 to Dec 31, 2018 • Filed on May 23, 2019

Organization Profile N/A

731 Pine StSanta Monica, CA 90405

(310) 774-7116

Siviq Scores

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

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2018

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2018

28%

Higher net margin than 83% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

23%

Faster asset growth than 74% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

47%

Faster revenue growth than 85% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet

Liabilities / AssetsScore unavailable

Assets

$188,413

Up $35,768 (+23%) from 2017

Net Assets

$188,413

Up $35,768 (+23%) from 2017

Liabilities

No earlier filing loaded for comparison.

Revenue And Expenses

Liabilities / RevenueScore unavailable Net Margin83rd percentile

Revenue

$126,069

Up $40,474 (+47%) from 2017

Expenses

$90,301

Up $427 (+0.5%) from 2017

Net Income

$35,768

Up $40,047 (+936%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

Highlighted filing

2018

Assets$188,413

Liabilities-

Net Assets$188,413

Open 2018 Filing

Operations Trend

Revenue Growth85th percentile

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

Highlighted filing

2018

Revenue$126,069

Expenses$90,301

Net Income$35,768

Open 2018 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2018 to Dec 31, 2018
Signed: May 23, 2019
Return Version: 2018v3.1
Gross Receipts: $155,837

Mission and Program Overview

Mission

To provide scholarships to children to attend preschool.

Program Services

Description	Grants	Expenses
The First School Financial Aid Trust achieved its goal in providing a vast number of scholarships for children to attend an early childhood school in Santa Monica,CA. Without the financial assistance of the Fund, the donee families would be financially unable to provide for their children's attendance at the First School. Sixteen grants were made to qualifying parents during calendar year 2018.	$29,768	$84,640

Compensation and Service Providers

Top Officer Pay76th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
Kim Israel	Trustee	-	$0	-	-
Kristyn Romans	Trustee	-	$0	-	-
Debra Sunshine	Trustee	-	$0	-	-
Clarissa Hoffman	Trustee	-	$0	-	-
Catherine Myman-Kaplan	Trustee	-	$0	-	-
Sarah Bromell	Trustee	-	$0	-	-
Katie Rivera	Treasurer	-	$0	-	-

Fundraising, Events, and Gaming

Fundraising Events

Event	Gross Receipts	Gross Revenue	Direct Expenses	Net Income
Annual Fundraiser Dinner	$123,385	$123,385	$7,284	$116,101
Misc. Fundraising	$11,718	$11,718	-	$11,718
Total Events	$135,103	$135,103	$29,768	$105,335

Filing and Contact Details

Filer

Filer Name: First School Financial Aid Trust
EIN: 95-7092089
Phone: 3107747116
Address: 731 Pine St, Santa Monica, CA 90405

Signing Officer

Name: Kristyn Romans
Title: Treasurer
Signed: 2019-05-23
Discuss with paid preparer: Yes

Preparer

Firm: Charles J Marcus CPA
Address: PO Box 7338, Santa Monica, CA 90406
Preparer: Charles Marcus
Phone: 4243228030

Supplemental Narrative

Additional Explanations

Client Note 1

“Client Note 1 - Statement of special events:A) Annual Fundraiser Dinner: The organization's main event consisting of dinner, music, entertainment, and an auction of goods and services. This event is the main source of the organization's scholarship funds.Financial Summary:Gross Receipts $ 123,385Direct Expenses 29,768Net Income $ 93,617”

Grants and Similar Amounts Paid In Excess of $5,000.5

“| Donee's Name: Antonia & Israel Martinez | Donee's Address: 2627 S. Mansfield Los Angeles CA 90016 | Cash Amount Given: $5940”

Grants and Similar Amounts Paid In Excess of $5,000.6

“| Donee's Name: Nooshin & Igal Bakshandeh | Donee's Address: 1538 N. Martel Los Angeles CA 90046 | Cash Amount Given: $11150”

Grants and Similar Amounts Paid In Excess of $5,000.10

“| Donee's Name: Graceila & Juan Lopez | Donee's Address: 3981 Sawtelle Los Angeles CA 90066 | Cash Amount Given: $8400”

Grants and Similar Amounts Paid In Excess of $5,000.16

“| Donee's Name: A. Lopez & R. Perez | Donee's Address: 11715 Palms #1 Los Angeles CA 90066 | Cash Amount Given: $13600”

Grants and Similar Amounts Paid In Excess of $5,000.17

“| Donee's Name: C. Calderon & C Strong | Donee's Address: 18645 Hatteras Tarzana CA 91356 | Cash Amount Given: $9800”

Grants and Similar Amounts Paid In Excess of $5,000.19

“| Donee's Name: Norma & Sergio Hernandez | Donee's Address: 1517 Mansfield Los Angeles CA 90019 | Cash Amount Given: $9600”

Other Expenses.1012

“Insurance $1000”

Other Expenses.1

“Governmental Fees $55”

Other Expenses.2

“Bank Fees $6”

Other Assets.1

“Deposits - Beginning $3500 Deposits - Ending $4500”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	Client Note 1 - Statement of special events:A) Annual Fundraiser Dinner: The organization's main event consisting of dinner, music, entertainment, and an auction of goods and services. This event is the main source of the organization's scholarship funds.Financial Summary:Gross Receipts $ 123,385Direct Expenses 29,768Net Income $ 93,617
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	\| Donee's Name: Antonia & Israel Martinez \| Donee's Address: 2627 S. Mansfield Los Angeles CA 90016 \| Cash Amount Given: $5940
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	\| Donee's Name: Nooshin & Igal Bakshandeh \| Donee's Address: 1538 N. Martel Los Angeles CA 90046 \| Cash Amount Given: $11150
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	\| Donee's Name: Graceila & Juan Lopez \| Donee's Address: 3981 Sawtelle Los Angeles CA 90066 \| Cash Amount Given: $8400
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	\| Donee's Name: A. Lopez & R. Perez \| Donee's Address: 11715 Palms #1 Los Angeles CA 90066 \| Cash Amount Given: $13600
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	5	\| Donee's Name: C. Calderon & C Strong \| Donee's Address: 18645 Hatteras Tarzana CA 91356 \| Cash Amount Given: $9800
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	6	\| Donee's Name: Norma & Sergio Hernandez \| Donee's Address: 1517 Mansfield Los Angeles CA 90019 \| Cash Amount Given: $9600
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	7	Insurance $1000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	8	Governmental Fees $55
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	9	Bank Fees $6
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	10	Deposits - Beginning $3500 Deposits - Ending $4500
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Client Note 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	Grants and Similar Amounts Paid In Excess of $5,000.5
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	Grants and Similar Amounts Paid In Excess of $5,000.10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	4	Grants and Similar Amounts Paid In Excess of $5,000.16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	5	Grants and Similar Amounts Paid In Excess of $5,000.17
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	7	Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	8	Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	9	Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	10	Other Assets.1
ReturnHeader/BuildTS	0	2019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	Kristyn Romans
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2019-05-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	First School Financial Aid Trust
ReturnHeader/Filer/BusinessNameControlTxt	0	FIRS
ReturnHeader/Filer/EIN	0	957092089
ReturnHeader/Filer/PhoneNum	0	3107747116
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	731 Pine St
ReturnHeader/Filer/USAddress/CityNm	0	Santa Monica
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	CA
ReturnHeader/Filer/USAddress/ZIPCd	0	90405
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	743255903
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	Charles J Marcus CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	PO Box 7338
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	Santa Monica
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	90406
ReturnHeader/PreparerPersonGrp/PhoneNum	0	4243228030
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	CHARLES MARCUS
ReturnHeader/PreparerPersonGrp/SelfEmployedInd	0	X
ReturnHeader/ReturnTs	0	2019-05-31T17:50:48-07:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2018-01-01
ReturnHeader/TaxPeriodEndDt	0	2018-12-31
ReturnHeader/TaxYr	0	2018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $188,413
Liabilities: -
Net assets: $188,413
Revenue: $126,069
Expenses: $90,301
Net income: $35,768

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$3.39		$3.39	$1.08	$1.06	$0.01
2023Detailed filing. Detailed filing data is available for this year.	$3.38		$3.38	$1.62	$0.88	$0.73
2022Detailed filing. Detailed filing data is available for this year.	$2.64		$2.64	$1.52	$1.54	$0.02
2021Detailed filing. Detailed filing data is available for this year.	$2.67		$2.67	$1.32	$1.46	$0.14
2020Detailed filing. Detailed filing data is available for this year.	$2.80		$2.80	$0.63	$0.39	$0.24
2019Detailed filing. Detailed filing data is available for this year.	$2.56		$2.56	$1.24	$0.56	$0.68
2018Detailed filing. Detailed filing data is available for this year.	$1.88		$1.88	$1.26	$0.90	$0.36
2017Detailed filing. Detailed filing data is available for this year.	$1.53		$1.53	$0.86	$0.90	$0.04
2016Detailed filing. Detailed filing data is available for this year.	$1.57		$1.57	$0.92	$0.59	$0.32
2015Detailed filing. Detailed filing data is available for this year.	$1.24		$1.24	$0.99	$1.03	$0.04
2014Detailed filing. Detailed filing data is available for this year.	$1.28		$1.28	$0.90	$0.62	$0.28
2013Summary only. Only limited summary data is available for this year.	$1.01	$0.00		$0.80	$0.60	$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.80		$0.80	$0.74	$0.90	$0.16
2011Summary only. Only limited summary data is available for this year.	$0.96	$0.00		$0.90	$1.71	$0.81