Stone Soup Child Care Programs FY2021 filing

Encino, CAUnknown exempt organizationEIN 95-4044279

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Provide quality care before and after school for 5-13 year old children that is safe, dependable, and affordable through a managed program of shared resource and goals.

90¢ of each $1 spent went to programs.
$213K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
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
0 of 5
filings with a surplus
Average deficit $200K a year · 55% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$213K
to officers and key staff · 43% of spending
Concern: pay to officers and key staff is 43% of spending; over 30%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $41K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$244K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$468K
+23% vs prior year
Spent
$496K
To programs
90%
Net assets
$752K
By yearFY2020–FY2024
Revenue
$468K
FY2021▲ +23%
Revenue by fiscal year
FY2020$379K
FY2021$468K
FY2022$459K
FY2023$373K
FY2024$139K
Expenses
$496K
FY2021▼ -17%
Expenses by fiscal year
FY2020$597K
FY2021$496K
FY2022$678K
FY2023$602K
FY2024$442K
Net assets
$752K
FY2021▼ -4%
Net assets by fiscal year
FY2020$780K
FY2021$752K
FY2022$533K
FY2023$304K
FY2024$0

From the FY2021 Form 990 (year ending November 2021) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $448K Management & general 8% · $41K Fundraising 1% · $7K

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

10 people listed on the 990; $213K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Director/President
$74,256Pt VII · Sec A
Executive Director
$73,180Pt VII · Sec A
$65,520Pt VII · Sec A
Director/Vice President
$0Pt VII · Sec A
Director/Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Renee B Valencia$101,264————
Renee B Valencia—$88,180$78,081$73,180$72,020
Cindy M Pham-Le$77,490————
Judith G Brandlin—$74,256$74,256$74,256$76,756
Judith G Brandlin$67,204————
Cindy M Pham-Le—$65,520$65,520$65,520$65,741

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 15aYes

Programs and updates

Offers safe, affordable before and after school care for children aged 5-13.

Provided by the organization

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3 program services account for $448K of program spending, described in the organization's own filed words · FY2020.
01

Program Operation includes staff salaries, benefits, payroll taxes, occupancy, insurance, supplies, postage, and telephones.

$310Kprogram expense
02

Staff Training

In order to provide quality care, staff training is necessary for CPR and First Aid Certification, classroom management, child abuse prevention and detection, inclusion of children of special needs, emergency procedures, and many other components of quality care.

$73Kprogram expense
03

Tuition Assistance

The mission of providing "affordable" quality programs requires that Stone Soup assist some families with the low monthly tuition of $298 per child per month or $528 per family per month for after school care. Based on family need and income, families may be subsidized from 25% to 100% of the tuition.

$65Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 3 funders$41K
See all 3 funders →
Grants paid · 1 grant · $74K · 2023–2023

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$468K
Ln 12
Gifts and grantsLn 1h$291K
Other incomeLn 4–11$70K
Investment incomeLn 3$65K
Money outPt IX
$496K
Ln 25
Programscol B$448K
Managementcol C$41K
Fundraisingcol D$7K
Owns and owesPt X
$752K
net assets · Ln 32
Cash and savingsLn 1–2$50K
Total assetsLn 16$996K
LiabilitiesLn 26$244K
PeoplePt VI, VII
10
listed · VII A
PaidVII A3
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$291K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$41K
Investment incomeLn 3$65K
Other incomeLn 4–11$70K
Total revenueLn 12$468K
Assets in detailPt X, end of year
CashLn 1$7K
SavingsLn 2$42K
Cash and savings togetherLn 1–2$50K
InvestmentsLn 11–13$931K
Land, buildings, equipmentLn 10c$714
Other assetsLn 15$0
Total assetsLn 16$996K
LiabilitiesLn 26$244K
Net assetsLn 32$752K
OperationsPt I, VI
EmployeesI 510
VolunteersI 625
Fiscal year endsHeaderNovember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$18K$50K
InvestmentsLn 11–13$976K$931K
Land, buildings, equipmentLn 10c$952$714
Total assetsLn 16$1.0M$996K
LiabilitiesLn 26$237K$244K
Net assetsLn 32$780K$752K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$213K$190K$19K$4K
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$43K$39K$3K$1K
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$33K$30K$3K$280
Payroll taxesLn 10$23K$20K$2K$454
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$11K$0$11K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$0$0$0$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$73K$71K$2K$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$238$238$0$0
InsuranceLn 23$8K$7K$379$78
Other expenses (24a–d)Ln 24$79K$79K$536$24
All other expensesLn 24e$12K$12K$417$0
Total functional expensesLn 25$496K$448K$41K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $139K$442K−$304K$0 990 PDF
FY2023 $373K$602K−$230K$304K 990 PDF
FY2022 $459K$678K−$218K$533K 990 PDF
FY2021 Viewing $468K$496K−$28K$752K 990 PDF
FY2020 $379K$597K−$218K$780K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $467,787 across 14 lines filed
Lines not itemized here account for $1,915 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$291,308
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$291,308
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $39,552 · Unrelated business $0 · Excluded from tax $0$39,552
VIII-3 Investment incomeRelated to mission $64,785 · Unrelated business $0 · Excluded from tax $0$64,785
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $70,227 · Unrelated business $0 · Excluded from tax $0$70,227
VIII-12 Total revenueRelated to mission $176,479 · Unrelated business $0 · Excluded from tax $0$467,787
Part IX · Statement of functional expenses $496,130 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $189,531 · Management $19,166 · Fundraising $4,259$212,956
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $38,932 · Management $2,816 · Fundraising $1,489$43,237
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $29,625 · Management $3,178 · Fundraising $280$33,083
IX-10 Payroll taxesPrograms $20,278 · Management $2,046 · Fundraising $454$22,778
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $11,000 · Fundraising $0$11,000
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $71,388 · Management $1,897 · Fundraising $0$73,285
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $238 · Management $0 · Fundraising $0$238
IX-23 InsurancePrograms $7,362 · Management $379 · Fundraising $78$7,819
IX-24 Other expenses (24a–d)Programs $78,755 · Management $536 · Fundraising $24$79,315
IX-24e All other expensesPrograms $12,002 · Management $417 · Fundraising $0$12,419
IX-25 Total functional expensesPrograms $448,111 · Management $41,435 · Fundraising $6,584$496,130
Part X · Balance sheet $995,717 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $8,097$7,442
X-2 Savings and temporary cash investmentsStart of year $10,029$42,275
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $4,793$3,568
X-9 Prepaid expenses and deferred chargesStart of year $16,392$10,577
X-10c Land, buildings and equipment, netStart of year $952$714
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $976,396$931,141
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $1,016,659$995,717
X-17 Accounts payable and accrued expensesStart of year $79,636$94,079
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $156,942$149,900
X-26 Total liabilitiesStart of year $236,578$243,979
X-27 Net assets without donor restrictionsStart of year $682,044$583,578
X-28 Net assets with donor restrictionsStart of year $98,037$168,160
X-32 Total net assets or fund balancesStart of year $780,081$751,738
X-33 Total liabilities and net assetsStart of year $1,016,659$995,717
Part XI · Reconciliation of net assets $751,738 net assets at year end
XI-1 Total revenue$467,787
XI-2 Total expenses$496,130
XI-3 Revenue less expenses−$28,343
XI-4 Net assets at start of year$780,081
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$751,738

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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