Civic Intelligence

Avance Schools Inc.

990 • Fiscal year 2020 • EIN 20-3082187

Jul 01, 2019 to Jun 30, 2020 • Filed on May 12, 2021

Organization ProfileWWW.ACADEMIAAVANCE.COM
115 N Ave 53 No 53Highland Park, CA 90042

(213) 230-7270

Siviq Scores

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

Liabilities / Assets

90th percentile

0.90x

Higher debt load relative to assets than 90% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

69th percentile

0.47x

Higher debt load relative to revenue than 69% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

40th percentile

0.9%

Higher net margin than 40% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

53rd percentile

$126,982

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

94th percentile

85%

Faster asset growth than 94% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

35th percentile

-5.4%

Faster revenue growth than 35% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$2,902,445

Up $1,336,710 (+85%) from 2019

Net Assets

Up

$288,598

Up $51,496 (+22%) from 2019

Liabilities

Up

$2,613,847

Up $1,285,214 (+97%) from 2019

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin40th percentile

Revenue

Down

$5,535,224

Down $317,588 (-5.4%) from 2019

Expenses

Down

$5,483,728

Down $138,544 (-2.5%) from 2019

Net Income

Down

$51,496

Down $179,044 (-78%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $2,339,023Liabilities 2010: $1,610,549Net Assets 2010: $728,4742010Assets 2011: $2,492,300Liabilities 2011: $2,514,432Net Assets 2011: -$22,1322011Assets 2012: $2,049,404Liabilities 2012: $2,609,058Net Assets 2012: -$559,6542012Assets 2013: $2,366,224Liabilities 2013: $2,590,502Net Assets 2013: -$224,2782013Assets 2014: $2,252,568Liabilities 2014: $1,967,710Net Assets 2014: $284,8582014Assets 2015: $2,766,519Liabilities 2015: $1,452,688Net Assets 2015: $1,313,8312015Assets 2016: $3,108,146Liabilities 2016: $1,580,488Net Assets 2016: $1,527,6582016Assets 2017: $2,365,049Liabilities 2017: $1,979,028Net Assets 2017: $386,0212017Assets 2018: $1,580,936Liabilities 2018: $1,574,374Net Assets 2018: $6,5622018Assets 2019: $1,565,735Liabilities 2019: $1,328,633Net Assets 2019: $237,1022019Assets 2020: $2,902,445Liabilities 2020: $2,613,847Net Assets 2020: $288,5982020Assets 2021: $2,883,042Liabilities 2021: $2,550,681Net Assets 2021: $332,3612021Assets 2022: $2,650,543Liabilities 2022: $2,288,342Net Assets 2022: $362,2012022Assets 2023: $4,182,879Liabilities 2023: $3,836,736Net Assets 2023: $346,1432023Assets 2024: $2,531,197Liabilities 2024: $4,432,292Net Assets 2024: -$1,901,0952024

Highlighted filing

2020

Assets$2,902,445
Liabilities$2,613,847
Net Assets$288,598
Open 2020 Filing

Operations Trend

Revenue Growth35th percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $3,540,0882010Expenses 2011: $3,778,9192011Expenses 2012: $3,989,6712012Expenses 2013: $4,206,6072013Revenue 2014: $4,836,265Expenses 2014: $4,327,129Net Income 2014: $509,1362014Revenue 2015: $5,166,556Expenses 2015: $4,655,183Net Income 2015: $511,3732015Revenue 2016: $5,664,492Expenses 2016: $5,578,559Net Income 2016: $85,9332016Revenue 2017: $6,026,956Expenses 2017: $6,174,077Net Income 2017: -$147,1212017Revenue 2018: $5,010,582Expenses 2018: $5,570,041Net Income 2018: -$559,4592018Revenue 2019: $5,852,812Expenses 2019: $5,622,272Net Income 2019: $230,5402019Revenue 2020: $5,535,224Expenses 2020: $5,483,728Net Income 2020: $51,4962020Revenue 2021: $6,005,860Expenses 2021: $5,962,097Net Income 2021: $43,7632021Revenue 2022: $7,638,400Expenses 2022: $7,608,560Net Income 2022: $29,8402022Revenue 2023: $8,185,245Expenses 2023: $8,201,303Net Income 2023: -$16,0582023Revenue 2024: $6,174,755Expenses 2024: $8,421,993Net Income 2024: -$2,247,2382024

Highlighted filing

2020

Revenue$5,535,224
Expenses$5,483,728
Net Income$51,496
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 12, 2021
Return Version
2019v5.2
Gross Receipts
$5,535,224
Mission and Program Overview

Mission

Academia avance is a california charter school which combines rigorous academicpreparation with development of real-world skills. All academia avance graduatesreceive college career preparation that exceeds all university of california classrequirements with emphasis in the development of successful life-long learninghabits. Academia avance career program development is combined with the applicationof learned concepts through projects, internships and multi-cultural experiences.academia avance educates the charter school's students through an excellent tuitionfree education in a safe and nurturing environment and is governed with community input.

To provide an academic education that prepares the student for the real world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$391,024$1,250,151▲ $859,127
Cash and Non-Interest-Bearing Accounts$221,142$778,957▲ $557,815
Land, Buildings, and Equipment, Net$789,436$743,383▼ $46,053
Prepaid Expenses and Deferred Charges$111,664$101,454▼ $10,210
Total Assets$1,565,735$2,902,445▲ $1,336,710
Other Assets Total$52,469$28,500▼ $23,969
Liabilities
Accounts Payable and Accrued Expenses$620,407$1,949,187▲ $1,328,780
Unsecured Notes Loans Payable-$585,128-
Mortgage Notes Payable Secured by Investment Property$127,326$67,984▼ $59,342
Deferred Revenue$580,900$11,548▼ $569,352
Total Liabilities$1,328,633$2,613,847▲ $1,285,214
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$237,102$288,598▲ $51,496
Total Net Assets Fund Balance$237,102$288,598▲ $51,496
Total Liabilities and Net Assets / Fund Balance$1,565,735$2,902,445▲ $1,336,710

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$649,448$756,844$1,406,292
Equipment$93,935$247,939$341,874
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ricardo MirelesExecutive DirectorPT$113,640$13,342$126,982
Marcelo OlmosChief Operation OfficerFT$93,771$5,312$99,083

Board Members and Trustees

NameTitle
Miguel JuarezPresident
Carolyn HarrisMember
Margaret GodinezMember
Maria Espinoza BoothMember
Noemi Lujan PerezMember
Rosalinda MezaMember
Francisco FloresSecretary
Eric SarabiaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,535,199
Program Service Revenue
$0
Investment Income
$25
Other Revenue
$0
All Other Contributions
$96,493
Change in Net Assets
$51,496

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,535,224
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,535,224
Total Revenue per Form 990
$5,535,224
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,590,261
Other Expenses$1,893,467
Total Fundraising Expense$3,029
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,498,148$213,894$939$2,712,981
Occupancy$323,846$65,999$155$390,000
Other Employee Benefits$337,211$4,147$21$341,379
Payroll Taxes$240,603$68,898$169$309,670
Current Officers, Directors, Trustees, and Key Employees-$226,231-$226,231
Fees for Services Other$90,033$84,271-$174,304
All Other Expenses$130,511$26,384$12$156,907
Office Expenses$111,961$25,752$54$137,767
Depreciation Depletion-$97,798-$97,798
Fees for Services Management-$91,916-$91,916
Other Expenses$90,370-$41$90,411
Interest-$87,394-$87,394
Information Technology$56,285--$56,285
Insurance$40,574$8,269$19$48,862
Fees for Services Legal-$46,416-$46,416
Travel$14,880$3,033$7$17,920
Fees for Services Accounting-$13,750-$13,750
Advertising-$1,613$1,612$3,225
Total Functional Expenses$4,414,934$1,065,765$3,029$5,483,728

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,483,728
Total Expenses per Audited Statements$5,483,728
Total Expenses per Form 990$5,483,728
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
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Other officer compensation reviewed
Yes
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 A, Line 8B

“The organization does not have a committee with authority to act on its behalf.”

Form 990, Part VI, Section B, Line 11B

“Independent external auditors and organization finance staff prepare the irs form 990. The irs form 990 is then reviewed by the organization's chief financial officer and chief executive officer. Upon the ceo and cfo approval, the irs form 990 is provided to the full board prior to mailing.”

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

“Statement of economic interest form 700 is completed by each board member and senior management of academia avance. All statement of economic interest form 700's are reviewed by the executive director of academia avance.”

Form 990, Part VI, Section B, Line 15

“The review process is performed via board agenda packets and discussion in board meetings. Board approval is received for such compensation packages.”

Form 990, Part VI, Section C, Line 19

“The documents are available upon request at the business address during normal business hours”

Filing and Contact Details

Filer

Filer Name
Avance Schools Inc
EIN
20-3082187
Phone
2132307270
Address
115 N AVE 53 NO 53, HIGHLAND PARK, CA 90042

Signing Officer

Name
Miguel Juarez
Title
Board President
Phone
2132307270
Signed
2021-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Miguel Juarez
Formed
2005
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
66
Volunteers
25

Preparer

Firm
Eide Bailly Llp
Address
10681 FOOTHILL BLVD STE 300, RANCHO CUCAMONGA, CA 91730-3831
Preparer
Catherine L Gray
Phone
9094664410
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Management believes that the organization has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The organization would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.”

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IRS990/MissionDesc0ACADEMIA AVANCE IS A CALIFORNIA CHARTER SCHOOL WHICH COMBINES RIGOROUS ACADEMICPREPARATION WITH DEVELOPMENT OF REAL-WORLD SKILLS. ALL ACADEMIA AVANCE GRADUATESRECEIVE COLLEGE CAREER PREPARATION THAT EXCEEDS ALL UNIVERSITY OF CALIFORNIA CLASSREQUIREMENTS WITH EMPHASIS IN THE DEVELOPMENT OF SUCCESSFUL LIFE-LONG LEARNINGHABITS. ACADEMIA AVANCE CAREER PROGRAM DEVELOPMENT IS COMBINED WITH THE APPLICATIONOF LEARNED CONCEPTS THROUGH PROJECTS, INTERNSHIPS AND MULTI-CULTURAL EXPERIENCES.ACADEMIA AVANCE EDUCATES THE CHARTER SCHOOL'S STUDENTS THROUGH AN EXCELLENT TUITIONFREE EDUCATION IN A SAFE AND NURTURING ENVIRONMENT AND IS GOVERNED WITH COMMUNITY INPUT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt067984
IRS990/NetAssetsOrFundBalancesBOYAmt0237102
IRS990/NetAssetsOrFundBalancesEOYAmt0288598
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0237102
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0288598
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0155
IRS990/OccupancyGrp/ManagementAndGeneralAmt065999
IRS990/OccupancyGrp/ProgramServicesAmt0323846
IRS990/OccupancyGrp/TotalAmt0390000
IRS990/OfficeExpensesGrp/FundraisingAmt054
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt025752
IRS990/OfficeExpensesGrp/ProgramServicesAmt0111961
IRS990/OfficeExpensesGrp/TotalAmt0137767
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt052469
IRS990/OtherAssetsTotalGrp/EOYAmt028500
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt021
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04147
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0337211
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0341379
IRS990/OtherExpensesGrp/Desc0STUDENT NUTRITION
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3SPECIAL ACTIVITIES
IRS990/OtherExpensesGrp/FundraisingAmt041
IRS990/OtherExpensesGrp/ProgramServicesAmt0225685
IRS990/OtherExpensesGrp/ProgramServicesAmt1150897
IRS990/OtherExpensesGrp/ProgramServicesAmt2103930
IRS990/OtherExpensesGrp/ProgramServicesAmt390370
IRS990/OtherExpensesGrp/TotalAmt0225685
IRS990/OtherExpensesGrp/TotalAmt1150897
IRS990/OtherExpensesGrp/TotalAmt2103930
IRS990/OtherExpensesGrp/TotalAmt390411
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0939
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0213894
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02498148
IRS990/OtherSalariesAndWagesGrp/TotalAmt02712981
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0169
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt068898
IRS990/PayrollTaxesGrp/ProgramServicesAmt0240603
IRS990/PayrollTaxesGrp/TotalAmt0309670
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0111664
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0101454
IRS990/PrincipalOfficerNm0MIGUEL JUAREZ
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05852812
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02519913
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0230540
IRS990/PYSalariesCompEmpBnftPaidAmt03102359
IRS990/PYTotalExpensesAmt05622272
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05852812
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt051496
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt093935
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0247939
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0341874
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05483728
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0649448
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0756844
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01406292
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05535224
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0743383
IRS990ScheduleD/TotalExpensesPerForm990Amt05483728
IRS990ScheduleD/TotalRevenuePerForm990Amt05535224
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05535224
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05483728
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS A PUBLIC CHARTER SCHOOL AND THEREFORE IS NOT SUBJECT TO THE FORMAL COMPLIANCE WITH REVENUE PROCEDURE 75-50 AS LONG AS THE CHARTER AGREEMENT WITH THE STATE IS IN EFFECT. THE SCHOOL DOES INCLUDE INFORMATION REGARDING ITS NON-DISCRIMINATION PRACTICES IN ITS ENROLLMENT MATERIALS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1AS A PUBLIC CHARTER SCHOOL, THE SCHOOL DOES NOT PROVIDE SCHOLARSHIPS OR FINANCIAL AID.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION RECEIVES CALIFORNIA APPORTIONMENT, WHICH IS BASED ON STUDENT ATTENDANCE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON ITS BEHALF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INDEPENDENT EXTERNAL AUDITORS AND ORGANIZATION FINANCE STAFF PREPARE THE IRS FORM 990. THE IRS FORM 990 IS THEN REVIEWED BY THE ORGANIZATION'S CHIEF FINANCIAL OFFICER AND CHIEF EXECUTIVE OFFICER. UPON THE CEO AND CFO APPROVAL, THE IRS FORM 990 IS PROVIDED TO THE FULL BOARD PRIOR TO MAILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2STATEMENT OF ECONOMIC INTEREST FORM 700 IS COMPLETED BY EACH BOARD MEMBER AND SENIOR MANAGEMENT OF ACADEMIA AVANCE. ALL STATEMENT OF ECONOMIC INTEREST FORM 700'S ARE REVIEWED BY THE EXECUTIVE DIRECTOR OF ACADEMIA AVANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE REVIEW PROCESS IS PERFORMED VIA BOARD AGENDA PACKETS AND DISCUSSION IN BOARD MEETINGS. BOARD APPROVAL IS RECEIVED FOR SUCH COMPENSATION PACKAGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE BUSINESS ADDRESS DURING NORMAL BUSINESS HOURS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0201025068
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0CITY TERRACE LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt02168 S ATLANTIC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0MONTEREY PARK
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd091754
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0AVANCE FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0800771631
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUPPORT EDUCATIONAL PROGAMS AT AVANCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 42095
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LOS ANGELES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd090042
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,902,445
Liabilities
$2,613,847
Net assets
$288,598
Revenue
$5,535,224
Expenses
$5,483,728
Net income
$51,496
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.53$4.43$1.90$6.17$8.42$2.25
2023Detailed filing. Detailed filing data is available for this year.$4.18$3.84$0.35$8.19$8.20$0.02
2022Detailed filing. Detailed filing data is available for this year.$2.65$2.29$0.36$7.64$7.61$0.03
2021Detailed filing. Detailed filing data is available for this year.$2.88$2.55$0.33$6.01$5.96$0.04
2020Detailed filing. Detailed filing data is available for this year.$2.90$2.61$0.29$5.54$5.48$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.57$1.33$0.24$5.85$5.62$0.23
2018Detailed filing. Detailed filing data is available for this year.$1.58$1.57$0.01$5.01$5.57$0.56
2017Detailed filing. Detailed filing data is available for this year.$2.37$1.98$0.39$6.03$6.17$0.15
2016Detailed filing. Detailed filing data is available for this year.$3.11$1.58$1.53$5.66$5.58$0.09
2015Detailed filing. Detailed filing data is available for this year.$2.77$1.45$1.31$5.17$4.66$0.51
2014Detailed filing. Detailed filing data is available for this year.$2.25$1.97$0.28$4.84$4.33$0.51
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.37$2.59$0.22$4.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.05$2.61$0.56$3.99
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.49$2.51$0.02$3.78
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.34$1.61$0.73$3.54