Civic Intelligence

Ace Charter School

990 • Fiscal year 2020 • EIN 26-1570590

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 20, 2021

Organization ProfileWWW.ACECHARTER.ORG

View Organization Page

1100 Shasta Ave 250San Jose, CA 95126

(408) 295-6008

Siviq Scores

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

Liabilities / Assets

86th percentile

0.79x

Higher debt load relative to assets than 86% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

57th percentile

0.36x

Higher debt load relative to revenue than 57% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

42nd percentile

1.6%

Higher net margin than 42% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

66th percentile

$227,581

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

92nd percentile

59%

Faster asset growth than 92% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

33rd percentile

-5.7%

Faster revenue growth than 33% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$7,433,257

Up $2,772,470 (+59%) from 2019

Net Assets

Up

$1,554,112

Up $253,755 (+20%) from 2019

Liabilities

Up

$5,879,145

Up $2,518,715 (+75%) from 2019

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin42nd percentile

Revenue

Down

$16,276,708

Down $986,057 (-5.7%) from 2019

Expenses

Down

$16,022,953

Down $1,014,931 (-6.0%) from 2019

Net Income

Up

$253,755

Up $28,874 (+13%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$30M$20M$10M$0Assets 2012: $1,767,726Liabilities 2012: $914,019Net Assets 2012: $853,7072012Assets 2013: $2,413,489Liabilities 2013: $1,251,725Net Assets 2013: $1,161,7642013Assets 2014: $2,914,018Liabilities 2014: $1,090,000Net Assets 2014: $1,824,0182014Assets 2015: $3,596,668Liabilities 2015: $904,875Net Assets 2015: $2,691,7932015Assets 2016: $2,956,987Liabilities 2016: $1,065,170Net Assets 2016: $1,891,8172016Assets 2017: $4,704,272Liabilities 2017: $3,356,123Net Assets 2017: $1,348,1492017Assets 2018: $5,100,204Liabilities 2018: $3,998,250Net Assets 2018: $1,101,9542018Assets 2019: $4,660,787Liabilities 2019: $3,360,430Net Assets 2019: $1,300,3572019Assets 2020: $7,433,257Liabilities 2020: $5,879,145Net Assets 2020: $1,554,1122020Assets 2021: $8,656,644Liabilities 2021: $4,769,875Net Assets 2021: $3,886,7692021Assets 2022: $9,307,537Liabilities 2022: $4,416,533Net Assets 2022: $4,891,0042022Assets 2023: $26,503,525Liabilities 2023: $21,489,547Net Assets 2023: $5,013,9782023Assets 2024: $25,602,062Liabilities 2024: $19,532,954Net Assets 2024: $6,069,1082024Assets 2025: $28,351,298Liabilities 2025: $18,152,927Net Assets 2025: $10,198,3712025

Highlighted filing

2020

Assets$7,433,257
Liabilities$5,879,145
Net Assets$1,554,112
Open 2020 Filing

Operations Trend

Revenue Growth33rd percentile

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

$30M$20M$10M$0-$10MExpenses 2012: $3,379,0922012Expenses 2013: $4,911,8022013Revenue 2014: $7,209,974Expenses 2014: $6,712,962Net Income 2014: $497,0122014Revenue 2015: $11,784,030Expenses 2015: $10,916,255Net Income 2015: $867,7752015Revenue 2016: $14,622,860Expenses 2016: $15,422,836Net Income 2016: -$799,9762016Revenue 2017: $14,743,338Expenses 2017: $15,287,006Net Income 2017: -$543,6682017Revenue 2018: $17,053,612Expenses 2018: $16,857,473Net Income 2018: $196,1392018Revenue 2019: $17,262,765Expenses 2019: $17,037,884Net Income 2019: $224,8812019Revenue 2020: $16,276,708Expenses 2020: $16,022,953Net Income 2020: $253,7552020Revenue 2021: $20,001,670Expenses 2021: $17,669,013Net Income 2021: $2,332,6572021Revenue 2022: $22,366,734Expenses 2022: $21,362,499Net Income 2022: $1,004,2352022Revenue 2023: $21,305,219Expenses 2023: $21,182,245Net Income 2023: $122,9742023Revenue 2024: $20,126,755Expenses 2024: $19,071,625Net Income 2024: $1,055,1302024Revenue 2025: $21,746,259Expenses 2025: $17,616,996Net Income 2025: $4,129,2632025

Highlighted filing

2020

Revenue$16,276,708
Expenses$16,022,953
Net Income$253,755
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 20, 2021
Return Version
2019v5.2
Gross Receipts
$16,276,708
Mission and Program Overview

Mission

Ace creates a welcoming community focused on growth to help students, especially those who have been neglected, see they belong in school. By learning optimism, self-confidence and ambition, students are poised to thrive in college and beyond.

To operate public charter schools and provide educational programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,738,423$3,830,799▲ $2,092,376
Accounts Receivable$1,499,602$2,081,587▲ $581,985
Land, Buildings, and Equipment, Net$1,306,194$1,227,206▼ $78,988
Prepaid Expenses and Deferred Charges$116,568$293,665▲ $177,097
Total Assets$4,660,787$7,433,257▲ $2,772,470
Liabilities
Unsecured Notes Loans Payable$1,085,636$2,927,087▲ $1,841,451
Other Liabilities$1,421,191$1,529,236▲ $108,045
Accounts Payable and Accrued Expenses$810,492$1,220,008▲ $409,516
Deferred Revenue$43,111$202,814▲ $159,703
Total Liabilities$3,360,430$5,879,145▲ $2,518,715
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,300,357$1,554,112▲ $253,755
Total Net Assets Fund Balance$1,300,357$1,554,112▲ $253,755
Total Liabilities and Net Assets / Fund Balance$4,660,787$7,433,257▲ $2,772,470

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,100,255$282,745$1,383,000
Equipment$126,951$45,205$172,156
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gregory LippmanCEOFT$201,247$26,334$227,581
Naganath MahalingamCFOFT$175,130$21,816$196,946
Vu Long TrinhChief Schools OfficerFT$139,703$9,000$148,703
Antonius WidiartoIt ManagerFT$126,293$10,714$137,007
Shawn GerthExecutive Director Sj NetwFT$127,344$3,200$130,544
Jarrett PostonPrincipalFT$122,150$6,313$128,463
Melissa MoraAssistant PrincipalFT$121,200$1,200$122,400

Board Members and Trustees

NameTitle
Eric GonzalesBoard Chair
Anil KumarBoard Member
Annette LorenzBoard Member
Dr Mary LaironBoard Member
Elizabeth AlvarezBoard Member
Jill CaseBoard Member
Tania WilcoxBoard Member
Dr Linda MurraySecretary
Kevin KaeferTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Adriana San Millan School LLCCounseling305 VINEYARD TOWN CENTER 273, Morgan Hill, CA 95037$271,682
Revenue and Support

Revenue Composition

Contributions and Grants
$16,240,326
Program Service Revenue
$0
Investment Income
$6,472
Other Revenue
$29,910
All Other Contributions
$1,435,247
Change in Net Assets
$253,755

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,276,708
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$16,276,708
Total Revenue per Form 990
$16,276,708
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,075,363
Other Expenses$5,947,590
Total Fundraising Expense$241,925
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,526,710$1,177,174$67,500$7,771,384
Occupancy$1,507,306$20,603$2,697$1,530,606
Fees for Services Other$941,509$244,605-$1,186,114
Pension Plan Contributions$816,900$51,069-$867,969
Other Employee Benefits$611,604$80,646-$692,250
Office Expenses$416,262$220,507$27,500$664,269
Information Technology$374,937$86,485-$461,422
Current Officers, Directors, Trustees, and Key Employees$152,057$152,057$123,887$428,001
Payroll Taxes$228,000$87,759-$315,759
All Other Expenses$135,012$43,429$20,341$198,782
Other Expenses$125,247--$125,247
Travel$96,073$25,373-$121,446
Fees for Services Management-$112,758-$112,758
Conferences and Meetings$83,319$25,864-$109,183
Advertising-$107,918-$107,918
Insurance-$105,553-$105,553
Depreciation Depletion$78,988--$78,988
Fees for Services Legal-$65,738-$65,738
Fees for Services Accounting-$49,840-$49,840
Interest-$34,301-$34,301
Total Functional Expenses$13,089,349$2,691,679$241,925$16,022,953

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$16,022,953
Total Expenses per Audited Statements$16,022,953
Total Expenses per Form 990$16,022,953
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent Liability$1,523,739
Intercompany Payables$5,497
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“There are no committees that have the authority to act on behalf of the board.”

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

“The form 990 is prepared by the organization's outside public accounting firm based on information provided by management. Once a draft of the return is available, it is reviewed by management with any changes or revisions incorporated into the filing. The revised return is then submitted to the board of directors for their review and approval prior to submitting to the irs.”

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

“Monitoring is performed regularly by the officers to identify potential conflicts of interest. Any question of a conflict is addressed with the interested person, who is required to disclose the existence of any financial interest and be afforded the opportunity to disclose all material facts to the board and executive director. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters.”

Form 990, Part VI, Section B, Line 15A

“The executive director's pay is determined based on data provided by external charter management organizations and through comparison studies of other charter schools. The board must vote to approve the executive director's compensation as a direct action. The officers and key employees' pay is determine based on data provided by external charter management organizations and through comparison studies of other charter schools. The board must vote to approve the officers and key employees' compensation as a direct action.”

Form 990, Part VI, Section C, Line 18

“The school provides a copy of the 990 to the public upon request.”

Form 990, Part VI, Section C, Line 19

“The school provides its governing documents, conflict of interest policy and financial statements to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Ace Charter School
EIN
26-1570590
Phone
4082956008
Address
1100 SHASTA AVE 250, SAN JOSE, CA 95126

Signing Officer

Name
Naganath Mahalingam
Title
CFO
Phone
4082956008
Signed
2021-04-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory Lippman
Formed
2008
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
199
Volunteers
9

Preparer

Firm
Cliftonlarsonallen Llp
Address
2210 EAST ROUTE 66, GLENDORA, CA 91740
Preparer
Wade Mcmullen
Phone
6268577300
Supplemental Narrative

Additional Explanations

Part XII, Line 2C Explanation

“There were no changes in process from prior year.”

Financial Statement Notes

PART X, LINE 2:

“The school and foundation are nonprofit entities exempt from the payment of income taxes under internal revenue code section 501(c)(3) and california revenue and taxation code section 23701d. Accordingly, no provision has been made for income taxes. The school and foundation are subject to income tax on net income that is derived from business activities that are unrelated to the exempt purposes. The school files an exempt school return and applicable unrelated business income tax return in the u.s. Federal jurisdiction and with the california franchise tax board. No income taxes are paid by the school.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHIEF SCHOOLS OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt3EXECUTIVE DIRECTOR SJ NETW
IRS990/Form990PartVIISectionAGrp/TitleTxt4IT MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt6ASSISTANT PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02008
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt014805079
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt016276708
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt011
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt086485
IRS990/InformationTechnologyGrp/ProgramServicesAmt0374937
IRS990/InformationTechnologyGrp/TotalAmt0461422
IRS990/InsuranceGrp/ManagementAndGeneralAmt0105553
IRS990/InsuranceGrp/TotalAmt0105553
IRS990/InterestGrp/ManagementAndGeneralAmt034301
IRS990/InterestGrp/TotalAmt034301
IRS990/InvestmentIncomeGrp/ExclusionAmt06472
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06472
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt039
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0327950
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01306194
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01227206
IRS990/LandBldgEquipCostOrOtherBssAmt01555156
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0ACE CREATES A WELCOMING COMMUNITY FOCUSED ON GROWTH TO HELP STUDENTS, ESPECIALLY THOSE WHO HAVE BEEN NEGLECTED, SEE THEY BELONG IN SCHOOL. BY LEARNING OPTIMISM, SELF-CONFIDENCE AND AMBITION, STUDENTS ARE POISED TO THRIVE IN COLLEGE AND BEYOND.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01300357
IRS990/NetAssetsOrFundBalancesEOYAmt01554112
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01300357
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01554112
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt02697
IRS990/OccupancyGrp/ManagementAndGeneralAmt020603
IRS990/OccupancyGrp/ProgramServicesAmt01507306
IRS990/OccupancyGrp/TotalAmt01530606
IRS990/OfficeExpensesGrp/FundraisingAmt027500
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0220507
IRS990/OfficeExpensesGrp/ProgramServicesAmt0416262
IRS990/OfficeExpensesGrp/TotalAmt0664269
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt080646
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0611604
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0692250
IRS990/OtherExpensesGrp/Desc0STUDENT MEALS
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc2TRANSPORTATION STUDENT
IRS990/OtherExpensesGrp/Desc3DEFERRED RENT EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt0369184
IRS990/OtherExpensesGrp/ProgramServicesAmt1353282
IRS990/OtherExpensesGrp/ProgramServicesAmt2272959
IRS990/OtherExpensesGrp/ProgramServicesAmt3125247
IRS990/OtherExpensesGrp/TotalAmt0369184
IRS990/OtherExpensesGrp/TotalAmt1353282
IRS990/OtherExpensesGrp/TotalAmt2272959
IRS990/OtherExpensesGrp/TotalAmt3125247
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt01421191
IRS990/OtherLiabilitiesGrp/EOYAmt01529236
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0FUNDRAISING & OTHER REV
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt029910
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt029910
IRS990/OtherRevenueTotalAmt029910
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt067500
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01177174
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06526710
IRS990/OtherSalariesAndWagesGrp/TotalAmt07771384
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt087759
IRS990/PayrollTaxesGrp/ProgramServicesAmt0228000
IRS990/PayrollTaxesGrp/TotalAmt0315759
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt051069
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0816900
IRS990/PensionPlanContributionsGrp/TotalAmt0867969
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0116568
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0293665
IRS990/PrincipalOfficerNm0GREGORY LIPPMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt017058863
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04804
IRS990/PYOtherExpensesAmt05654105
IRS990/PYOtherRevenueAmt0199098
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0224881
IRS990/PYSalariesCompEmpBnftPaidAmt011383779
IRS990/PYTotalExpensesAmt017037884
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt017262765
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0253755
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt029910
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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/BookValueAmt0126951
IRS990ScheduleD/EquipmentGrp/DepreciationAmt045205
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0172156
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt016022953
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01100255
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0282745
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01383000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05497
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11523739
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTERCOMPANY PAYABLES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED RENT LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt016276708
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL AND FOUNDATION ARE NONPROFIT ENTITIES EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. THE SCHOOL AND FOUNDATION ARE SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THE EXEMPT PURPOSES. THE SCHOOL FILES AN EXEMPT SCHOOL RETURN AND APPLICABLE UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD. NO INCOME TAXES ARE PAID BY THE SCHOOL.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01227206
IRS990ScheduleD/TotalExpensesPerForm990Amt016022953
IRS990ScheduleD/TotalLiabilityAmt01529236
IRS990ScheduleD/TotalRevenuePerForm990Amt016276708
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt016276708
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt016022953
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

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$7,433,257
Liabilities
$5,879,145
Net assets
$1,554,112
Revenue
$16,276,708
Expenses
$16,022,953
Net income
$253,755
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$28.4$18.2$10.2$21.7$17.6$4.13
2024Detailed filing. Detailed filing data is available for this year.$25.6$19.5$6.07$20.1$19.1$1.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.5$21.5$5.01$21.3$21.2$0.12
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.31$4.42$4.89$22.4$21.4$1.00
2021Detailed filing. Detailed filing data is available for this year.$8.66$4.77$3.89$20.0$17.7$2.33
2020Detailed filing. Detailed filing data is available for this year.$7.43$5.88$1.55$16.3$16.0$0.25
2019Detailed filing. Detailed filing data is available for this year.$4.66$3.36$1.30$17.3$17.0$0.22
2018Detailed filing. Detailed filing data is available for this year.$5.10$4.00$1.10$17.1$16.9$0.20
2017Detailed filing. Detailed filing data is available for this year.$4.70$3.36$1.35$14.7$15.3$0.54
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.96$1.07$1.89$14.6$15.4$0.80
2015Detailed filing. Detailed filing data is available for this year.$3.60$0.90$2.69$11.8$10.9$0.87
2014Detailed filing. Detailed filing data is available for this year.$2.91$1.09$1.82$7.21$6.71$0.50
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.41$1.25$1.16$4.91
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.91$0.85$3.38