The Knowing Garden FY2023 filing

Tax-deductible

Torrance, CA501(c)(3)EducationEIN 27-4487337Revenue $37K in FY2023

On file with the IRSknowinggarden.org5223 Scott St, 90503-5355 · Torrance, CATax-exempt since Feb 2012School — 170(b)(1)(A)(ii)

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Operation of an elementary school

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $31K a year · 27% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $95
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$114K
447% of total assets
Concern: liabilities are 447% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$37K
-82% vs prior year
Spent
$102K
To programs
100%
Net assets
−$89K
By yearFY2020–FY2024
Revenue
$37K
FY2023▼ -82%
Tap a bar for its year
Revenue by fiscal year
FY2020$110K
FY2021$218K
FY2022$205K
FY2023$37K
FY2024$0
Expenses
$102K
FY2023▼ -53%
Tap a bar for its year
Expenses by fiscal year
FY2020$196K
FY2021$208K
FY2022$216K
FY2023$102K
FY2024$5K
Net assets
−$89K
FY2023▼ -181%
Tap a bar for its year
Net assets by fiscal year
FY2020$2K
FY2021$12K
FY2022−$31K
FY2023−$89K
FY2024$21K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2012.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $102K Fundraising 0% · $274

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A

Patricia Valdez’s $3K as Executive Director is at the 15th percentile of top reported officer pay among 146 <$100K education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Patricia Valdez$3,300$8,725$28,450

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates children in an elementary school setting.

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Provided by the organization

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1 program · $102K · in their own filed words · FY2023
01

Education of elementary school age children.

$102Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$95

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$37K
Ln 12
Fees for servicesLn 2g$37K
Money outPt IX
$102K
Ln 25
Programscol B$102K
Fundraisingcol D$274
Owns and owesPt X
−$89K
net assets · Ln 32
Cash and savingsLn 1–2$26K
Total assetsLn 16$26K
LiabilitiesLn 26$114K
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$37K
Total revenueLn 12$37K
Assets in detailPt X, end of year
CashLn 1$26K
Cash and savings togetherLn 1–2$26K
Other assetsLn 15$0
Total assetsLn 16$26K
LiabilitiesLn 26$114K
Net assetsLn 32−$89K
OperationsPt I, VI
EmployeesI 59
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$81K$26K
Total assetsLn 16$90K$26K
LiabilitiesLn 26$114K$114K
Net assetsLn 32−$24K−$89K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$4K$4K
Pay of current officers, directors and key staffLn 5$47K$47K
Pay of disqualified personsLn 6$10K$10K
Pension plan contributionsLn 8$2K$2K
Payroll taxesLn 10$15K$15K
Accounting feesLn 11c$740$740
Other fees for servicesLn 11g$3K$3K
Office expensesLn 13$3K$3K
OccupancyLn 16$12K$12K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$2K$2K$274
Total functional expensesLn 25$102K$102K$0$274

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $0$5K−$5K$21K 990 PDF
FY2023 Viewing $37K$102K−$64K−$89K 990 PDF
FY2022 $205K$216K−$10K−$31K 990 PDF
FY2021 $218K$208K$10K$12K 990 PDF
FY2020 $110K$196K−$86K$2K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $37,460 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $40,561$0
I-9 Program service revenuePrior year $164,838$37,460
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $205,399$37,460
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$4,228
I-15 Salaries and benefitsPrior year $175,760$74,790
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $40,016$22,817
I-18 Total expensesPrior year $215,776$101,835
I-19 Revenue less expensesPrior year −$10,377−$64,375
Part VI · Governance 0 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $37,460 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $37,460$37,460
VIII-12 Total revenueRelated to mission $37,460 · Unrelated business $0 · Excluded from tax $0$37,460
Part IX · Statement of functional expenses $101,835 across 11 lines filed
IX-4 Benefits paid to or for membersPrograms $4,228$4,228
IX-5 Pay of current officers, directors and key staffPrograms $47,218$47,218
IX-6 Pay of disqualified personsPrograms $10,261$10,261
IX-8 Pension plan contributionsPrograms $1,840$1,840
IX-10 Payroll taxesPrograms $15,471$15,471
IX-11c Accounting feesPrograms $740$740
IX-11g Other fees for servicesPrograms $2,670$2,670
IX-13 Office expensesPrograms $2,643$2,643
IX-16 OccupancyPrograms $11,717$11,717
IX-23 InsurancePrograms $3,080$3,080
IX-24 Other expenses (24a–d)Programs $1,693 · Fundraising $274$1,967
IX-25 Total functional expensesPrograms $101,561 · Management $0 · Fundraising $274$101,835
Part X · Balance sheet $25,521 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $81,465$25,521
X-15 Other assetsStart of year $2,500$0
X-16 Total assetsStart of year $89,896$25,521
X-25 Other liabilitiesStart of year $114,100$114,100
X-26 Total liabilitiesStart of year $114,100$114,100
X-32 Total net assets or fund balancesStart of year −$24,204−$88,579
X-33 Total liabilities and net assetsStart of year $89,896$25,521
Part XI · Reconciliation of net assets −$88,579 net assets at year end
XI-1 Total revenue$37,460
XI-2 Total expenses$101,835
XI-3 Revenue less expenses−$64,375
XI-4 Net assets at start of year−$24,204
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$88,579

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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