Civic Intelligence

Ace Charter School

990 • Fiscal year 2021 • EIN 26-1570590

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 29, 2022

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

79th percentile

0.55x

Higher debt load relative to assets than 79% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

52nd percentile

0.24x

Higher debt load relative to revenue than 52% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

49th percentile

12%

Higher net margin than 49% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

68th percentile

$232,225

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

65th percentile

16%

Faster asset growth than 65% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

64th percentile

23%

Faster revenue growth than 64% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$8,656,644

Up $1,223,387 (+16%) from 2020

Net Assets

Up

$3,886,769

Up $2,332,657 (+150%) from 2020

Liabilities

Down

$4,769,875

Down $1,109,270 (-19%) from 2020

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin49th percentile

Revenue

Up

$20,001,670

Up $3,724,962 (+23%) from 2020

Expenses

Up

$17,669,013

Up $1,646,060 (+10%) from 2020

Net Income

Up

$2,332,657

Up $2,078,902 (+819%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth65th 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

2021

Assets$8,656,644
Liabilities$4,769,875
Net Assets$3,886,769
Open 2021 Filing

Operations Trend

Revenue Growth64th 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

2021

Revenue$20,001,670
Expenses$17,669,013
Net Income$2,332,657
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 29, 2022
Return Version
2020v4.2
Gross Receipts
$20,001,670
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$3,830,799$3,931,724▲ $100,925
Accounts Receivable$2,081,587$3,080,388▲ $998,801
Land, Buildings, and Equipment, Net$1,227,206$1,147,457▼ $79,749
Prepaid Expenses and Deferred Charges$293,665$497,075▲ $203,410
Total Assets$7,433,257$8,656,644▲ $1,223,387
Liabilities
Other Liabilities$1,529,236$1,457,908▼ $71,328
Unsecured Notes Loans Payable$2,927,087$1,240,837▼ $1,686,250
Accounts Payable and Accrued Expenses$1,220,008$1,064,723▼ $155,285
Deferred Revenue$202,814$1,006,407▲ $803,593
Total Liabilities$5,879,145$4,769,875▼ $1,109,270
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,554,112$3,886,769▲ $2,332,657
Total Net Assets Fund Balance$1,554,112$3,886,769▲ $2,332,657
Total Liabilities and Net Assets / Fund Balance$7,433,257$8,656,644▲ $1,223,387

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,140,525$242,025$1,382,550
Equipment$6,932$158,064$164,996
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gregory LippmanCEOFT$201,483$30,742$232,225
Nath MahalingamCFOFT$177,632$22,202$199,834
Vu Long TrinhChief Schools OfficerFT$158,508$29,628$188,136
Jarrett PostonPrincipalFT$126,050$23,635$149,685
Raymond AndradePrincipalFT$122,989$23,670$146,659
Antonius WidiartoIt ManagerFT$128,313$15,280$143,593
Lisamarie ReidPrincipalFT$115,823$21,439$137,262

Board Members and Trustees

NameTitle
Eric GonzalesBoard Chair
Anil KumarBoard Member
Annette LorenzBoard Member
Dr Mary LaironBoard Member
Irene Moran IboaBoard Member
Jill CaseBoard Member
Larry KuechlerBoard Member
Susan Suarez-madsonBoard Member
Tania WilcoxBoard Member
Dr Linda MurraySecretary
Kevin KaeferTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$19,985,342
Program Service Revenue
$0
Investment Income
$8,958
Other Revenue
$7,370
All Other Contributions
$1,425,989
Change in Net Assets
$2,332,657

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,001,670
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$20,001,670
Total Revenue per Form 990
$20,001,670
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,936,983
Other Expenses$5,732,030
Total Fundraising Expense$407,709
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,472,658$1,739,784$109,004$9,321,446
Occupancy$1,978,336$35,264$3,185$2,016,785
Fees for Services Other$633,316$184,706$165,157$983,179
Pension Plan Contributions$805,510$78,948-$884,458
Other Employee Benefits$743,281$135,244-$878,525
Office Expenses$384,395$187,742-$572,137
Other Expenses$494,792$47,864$23,053$494,792
Current Officers, Directors, Trustees, and Key Employees$166,092$181,432$107,310$454,834
Information Technology$326,977$80,852-$407,829
Payroll Taxes$264,645$133,075-$397,720
Fees for Services Management-$113,849-$113,849
Insurance-$110,252-$110,252
Conferences and Meetings$69,559$28,335-$97,894
Depreciation Depletion$79,299--$79,299
Advertising$3,914$68,560-$72,474
Fees for Services Legal-$56,373-$56,373
Travel$25,799$1,030-$26,829
Fees for Services Accounting-$26,367-$26,367
Interest$17,498$229-$17,727
Total Functional Expenses$14,051,398$3,209,906$407,709$17,669,013

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$17,669,013
Total Expenses per Audited Statements$17,669,013
Total Expenses per Form 990$17,669,013
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$1,457,908
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
David Blohm
Title
Director of Finance
Phone
4082956008
Signed
2022-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory Lippman
Formed
2008
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
11
Employees
208
Volunteers
12

Preparer

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

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/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt12CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHIEF SCHOOLS OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt15PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt16IT MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRINCIPAL
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02008
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IRS990/FSAuditedInd01
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IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt020001670
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
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IRS990/IndivRcvdGreaterThan100KCnt015
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt080852
IRS990/InformationTechnologyGrp/ProgramServicesAmt0326977
IRS990/InformationTechnologyGrp/TotalAmt0407829
IRS990/InsuranceGrp/ManagementAndGeneralAmt0110252
IRS990/InsuranceGrp/TotalAmt0110252
IRS990/InterestGrp/ManagementAndGeneralAmt0229
IRS990/InterestGrp/ProgramServicesAmt017498
IRS990/InterestGrp/TotalAmt017727
IRS990/InvestmentIncomeGrp/ExclusionAmt08958
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt08958
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt027
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0400089
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01227206
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01147457
IRS990/LandBldgEquipCostOrOtherBssAmt01547546
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/NetAssetsOrFundBalancesBOYAmt01554112
IRS990/NetAssetsOrFundBalancesEOYAmt03886769
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01554112
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03886769
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt03185
IRS990/OccupancyGrp/ManagementAndGeneralAmt035264
IRS990/OccupancyGrp/ProgramServicesAmt01978336
IRS990/OccupancyGrp/TotalAmt02016785
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0187742
IRS990/OfficeExpensesGrp/ProgramServicesAmt0384395
IRS990/OfficeExpensesGrp/TotalAmt0572137
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0135244
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0743281
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0878525
IRS990/OtherExpensesGrp/Desc0OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/FundraisingAmt023053
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt047864
IRS990/OtherExpensesGrp/ProgramServicesAmt0585327
IRS990/OtherExpensesGrp/ProgramServicesAmt1494792
IRS990/OtherExpensesGrp/TotalAmt0656244
IRS990/OtherExpensesGrp/TotalAmt1494792
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt01529236
IRS990/OtherLiabilitiesGrp/EOYAmt01457908
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt07370
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07370
IRS990/OtherRevenueTotalAmt07370
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0109004
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01739784
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt07472658
IRS990/OtherSalariesAndWagesGrp/TotalAmt09321446
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0133075
IRS990/PayrollTaxesGrp/ProgramServicesAmt0264645
IRS990/PayrollTaxesGrp/TotalAmt0397720
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt078948
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0805510
IRS990/PensionPlanContributionsGrp/TotalAmt0884458
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0293665
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0497075
IRS990/PrincipalOfficerNm0GREGORY LIPPMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt016240326
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/PYOtherExpensesAmt05947590
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IRS990/PYProgramServiceRevenueAmt00
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IRS990/PYSalariesCompEmpBnftPaidAmt010075363
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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt016276708
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
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IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07370
IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0158064
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IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt017669013
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0242025
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01382550
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01457908
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt020001670
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:
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IRS990ScheduleD/TotalExpensesPerForm990Amt017669013
IRS990ScheduleD/TotalLiabilityAmt01457908
IRS990ScheduleD/TotalRevenuePerForm990Amt020001670
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt020001670
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt017669013
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

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,656,644
Liabilities
$4,769,875
Net assets
$3,886,769
Revenue
$20,001,670
Expenses
$17,669,013
Net income
$2,332,657
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