826 Valencia
- Assets
- $13.2m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 63
- Location
- San Francisco, CA
- Founding
- 10/2003
- Data as of
- 06/2022
- EIN
- 04-3694151
Organization Overview
826 Valencia is located in San Francisco, CA. The organization was established in 2003. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, 826 Valencia employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 826 Valencia is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, 826 Valencia generated $5.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $5.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING STUDENTS AGES 6 TO 18 WITH THEIR WRITING SKILLS & HELPING TEACHERS GET STUDENTS EXCITED ABOUT WRITING. WE ADVOCATE THAT STRONG WRITING SKILLS ARE FUNDAMENTAL TO FUTURE SUCCESS & THAT GREAT LEAPS IN LEARNING CAN BE MADE WHEN SKILLED TUTORS WORK ONE-ON-ONE WITH STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN-SCHOOL PROGRAMS: 826 VALENCIA PARTNERS WITH PUBLIC SCHOOLS THROUGHOUT SAN FRANCISCO TO COLLABORATIVELY DEVELOP WRITING CURRICULA. WE ALSO BRING TEAMS OF 826 STAFF AND VOLUNTEER TUTORS TO PARTNER SCHOOLS WHERE WE SUPPORT STUDENTS 3:1 WITH WRITING PROJECTS. IN FY22, WE SUPPORTED 17 TEACHERS AND 675 STUDENTS AT 6 SCHOOLS, ESTABLISHING REGULAR WEEKLY PARTNERSHIPS WITH CLASSROOMS AND SUPPORTING A VARIETY OF WRITING PROJECTS. ONE HIGHLIGHT WAS OUR YOUNG AUTHORS BOOK PROJECT IN SPRING 2022. WE WORKED WITH STUDENTS AT JUNE JORDAN SCHOOL FOR EQUITY, WHERE STUDENTS EXPLORED SPECULATIVE FICTION AND WORKED WITH 826 STAFF AND TUTORS TO CRAFT POWERFUL PIECES OF WRITING. WE PUBLISHED THEIR WORK IN A BOOK ENTITLED, ""THE HIDDEN SECRET"" WHICH WAS RELEASED AT AN OUTDOOR READING EVENT IN MAY OF 2022.
OTHER PROGRAM ACCOMPLISHMENTS INCLUDE THE OPERATION OF 2 RETAIL STORES. THE STORES SELL EDUCATIONAL MATERIALS, BOOKS FOR CHILDREN, AND OTHER WHIMSICAL CHILDREN'S TOYS, AND SERVE AS A COMMUNITY TOUCH-POINT IN THE NEIGHBORHOODS WHERE WE OPERATE. OTHER PROGRAM ACCOMPLISHMENTS ALSO INCLUDE THE DESIGN AND PUBLISHING INFRASTRUCTURE FOR OUR VARIOUS PUBLISHING PROGRAMS, AND OUR VOLUNTEER PROGRAMS.
AFTERSCHOOL: 826 VALENCIA PROVIDES FREE AFTER-SCHOOL TUTORING AND WRITING SUPPORT AT FOUR LOCATIONS IN SAN FRANCISCO, INCLUDING OUR THREE WRITING CENTERS AND OUR PARTNER SCHOOL, BUENA VISTA HORACE MANN (BVHM). STUDENTS ENROLL FOR A MINIMUM OF TWO DAYS PER WEEK FOR HOMEWORK AND INDIVIDUAL SUPPORT WITH READING AND WRITING. TOGETHER, THESE PROGRAMS SERVED 370+ STUDENTS IN 2021-2022. WE PARTNERED WITH COMMUNITY ORGANIZATIONS TO AMPLIFY OUR STUDENTS' VOICES, INCLUDING SHOWCASING WRITING ON BART AND MUNI. ANOTHER HIGHLIGHT FROM FISCAL YEAR 2022 WAS A FESTIVE, CAKE-THEMED WRITING PROJECT FOR OUR STUDENTS AT OUR AFTER SCHOOL PROGRAM AT BVHM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bita Nazarian Executive Dir. | OfficerTrustee | 40 | $186,437 |
Nicholas Parker Finance Dir | Officer | 40 | $106,396 |
Jim Lesser President | OfficerTrustee | 2 | $0 |
Ambar Bhattacharyya Treasurer | OfficerTrustee | 2 | $0 |
Eric Abrams Secretary | OfficerTrustee | 2 | $0 |
Dave Pell Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,467,815 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,904,952 |
| Noncash contributions included in lines 1a–1f | $136,319 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,372,767 |
| Total Program Service Revenue | $0 |
| Investment income | -$480,959 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $43,860 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,944,678 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $71,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $337,276 |
| Compensation of current officers, directors, key employees. | $63,652 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,449,241 |
| Pension plan accruals and contributions | $18,392 |
| Other employee benefits | $239,672 |
| Payroll taxes | $216,411 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $50,042 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $540,606 |
| Advertising and promotion | $0 |
| Office expenses | $272,763 |
| Information technology | $38,963 |
| Royalties | $0 |
| Occupancy | $298,815 |
| Travel | $39,950 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,927 |
| Interest | $0 |
| Payments to affiliates | $60,000 |
| Depreciation, depletion, and amortization | $213,573 |
| Insurance | $42,381 |
| All other expenses | $0 |
| Total functional expenses | $5,090,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,325,594 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,288,400 |
| Accounts receivable, net | $427,377 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $43,569 |
| Prepaid expenses and deferred charges | $119,312 |
| Net Land, buildings, and equipment | $1,751,102 |
| Investments—publicly traded securities | $8,049,935 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $233,039 |
| Total assets | $13,238,328 |
| Accounts payable and accrued expenses | $136,832 |
| Grants payable | $0 |
| Deferred revenue | $25,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $301,569 |
| Total liabilities | $463,401 |
| Net assets without donor restrictions | $11,954,822 |
| Net assets with donor restrictions | $820,105 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,238,328 |