Civic Intelligence

Old Town Academy

990 • Fiscal year 2024 • EIN 27-4362839

Jul 01, 2023 to Jun 30, 2024 • Filed on May 10, 2025

2120 San Diego AveSan Diego, CA 92110

(619) 574-6225

Siviq Scores

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

Liabilities / Assets

85th percentile

0.53x

Higher debt load relative to assets than 85% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

77th percentile

0.38x

Higher debt load relative to revenue than 77% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

39th percentile

0.1%

Higher net margin than 39% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

85th percentile

$164,843

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

11th percentile

-13%

Faster asset growth than 11% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

43rd percentile

4.4%

Faster revenue growth than 43% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,635,610

Down $409,499 (-13%) from 2023

Net Assets

Up

$1,230,392

Up $4,106 (+0.3%) from 2023

Liabilities

Down

$1,405,218

Down $413,605 (-23%) from 2023

Revenue

Up

$3,652,295

Up $153,560 (+4.4%) from 2023

Expenses

Up

$3,648,188

Up $137,276 (+3.9%) from 2023

Net Income

Up

$4,107

Up $16,284 (+134%) from 2023

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2016: $493,037Liabilities 2016: $173,090Net Assets 2016: $319,9472016Assets 2017: $831,519Liabilities 2017: $104,207Net Assets 2017: $727,3122017Assets 2018: $1,380,195Liabilities 2018: $180,807Net Assets 2018: $1,199,3882018Assets 2019: $1,245,726Liabilities 2019: $92,166Net Assets 2019: $1,153,5602019Assets 2020: $1,382,344Liabilities 2020: $123,068Net Assets 2020: $1,259,2762020Assets 2021: $1,494,936Liabilities 2021: $233,206Net Assets 2021: $1,261,7302021Assets 2022: $1,521,109Liabilities 2022: $282,646Net Assets 2022: $1,238,4632022Assets 2023: $3,045,109Liabilities 2023: $1,818,823Net Assets 2023: $1,226,2862023Assets 2024: $2,635,610Liabilities 2024: $1,405,218Net Assets 2024: $1,230,3922024

Highlighted filing

2024

Assets$2,635,610
Liabilities$1,405,218
Net Assets$1,230,392

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $2,277,916Expenses 2016: $2,165,227Net Income 2016: $112,6892016Revenue 2017: $2,641,947Expenses 2017: $2,234,582Net Income 2017: $407,3652017Revenue 2018: $2,970,130Expenses 2018: $2,498,054Net Income 2018: $472,0762018Revenue 2019: $2,560,856Expenses 2019: $2,606,684Net Income 2019: -$45,8282019Revenue 2020: $2,635,998Expenses 2020: $2,530,282Net Income 2020: $105,7162020Revenue 2021: $2,699,177Expenses 2021: $2,696,723Net Income 2021: $2,4542021Revenue 2022: $2,838,069Expenses 2022: $2,861,336Net Income 2022: -$23,2672022Revenue 2023: $3,498,735Expenses 2023: $3,510,912Net Income 2023: -$12,1772023Revenue 2024: $3,652,295Expenses 2024: $3,648,188Net Income 2024: $4,1072024

Highlighted filing

2024

Revenue$3,652,295
Expenses$3,648,188
Net Income$4,107
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 10, 2025
Return Version
2023v6.0
Gross Receipts
$3,652,295
Mission and Program Overview

Mission

To graduate students with both the world-class core learning skills and the active learning habits-of-mind they will need to survive and thriv in high school and in the 21st century society.

Old Town Academy is a public charter school for students in grades K-8 located in San Diego, CA.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,409,691$1,470,076▲ $60,385
Intangible Assets$1,139,376$632,688▼ $506,688
Land, Buildings, and Equipment, Net$237,303$301,150▲ $63,847
Accounts Receivable$154,649$183,959▲ $29,310
Prepaid Expenses and Deferred Charges$70,097$13,744▼ $56,353
Total Assets$3,045,109$2,635,610▼ $409,499
Other Assets Total$33,993$33,993→ $0
Liabilities
Other Liabilities$1,155,840$650,271▼ $505,569
Accounts Payable and Accrued Expenses$324,417$389,431▲ $65,014
Deferred Revenue$338,567$365,516▲ $26,949
Total Liabilities$1,818,824$1,405,218▼ $413,606
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$833,212$781,864▼ $51,348
Net Assets With Donor Restrictions$393,073$448,528▲ $55,455
Total Net Assets Fund Balance$1,226,285$1,230,392▲ $4,107
Total Liabilities and Net Assets / Fund Balance$3,045,109$2,635,610▼ $409,499

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$285,562$314,671$600,233
Equipment-$88,262$88,262
Other Land Buildings$15,588--
Other Assets Org$33,993--
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Devon D PhillipsPrincipal$125,847$38,996$164,843
Devon D Phillips PrincipalPrincipal$125,847$38,996$164,843
Turner WattsTeacher Seat$74,955$23,226$98,181
Bob HammMember$5,760$483$6,243

Board Members and Trustees

NameTitle
Mariam HosseinyPresident
Kate JohnsonVice President
Judy TylerMember
Kristine AfansevMember
Mark BurgressMember
Reyes QuezadaMember
Daniel WangSecretary
Bridget CelentinoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,628,973
Program Service Revenue
$0
Investment Income
$23,322
Other Revenue
$0
Change in Net Assets
$4,107

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,652,295
Total Revenue per Audited Statements
$3,652,295
Total Revenue per Form 990
$3,652,295
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,881,219
Other Expenses$1,766,969
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$968,729$295,621-$1,264,350
Occupancy$573,024$142,506-$715,530
Pension Plan Contributions$225,047$69,239-$294,286
All Other Expenses$157,164$112,459-$269,623
Other Employee Benefits$107,021$32,927-$139,948
Current Officers, Directors, Trustees, and Key Employees$94,385$31,462-$125,847
Fees for Services Management$47,600$20,400-$68,000
Payroll Taxes$43,427$13,361-$56,788
Other Expenses$45,876$1,404-$45,876
Depreciation Depletion$25,366$16,910-$42,276
Insurance-$35,303-$35,303
Office Expenses$12,633--$12,633
Conferences and Meetings$11,771--$11,771
Fees for Services Legal$8,230$2,891-$11,121
Total Functional Expenses$2,873,705$774,483$0$3,648,188

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,648,188
Total Expenses per Audited Statements$3,648,188
Total Expenses per Form 990$3,648,188
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
Operating Lease Liability$650,271
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

The organization will work with a CPA firm for tax preparation. A draft of the tax returns will be provided to the Principal and its financial services provider (CSMC) for approval prior to filing. Once reviewed and approved, the CPA firm will be provided authorization from the Principal to electronically submit the Form 990 to the IRS.

Conflict of interest policy compliance Part VI line 12C

2002 CONFLICT OF INTEREST CODE POLICY Revised Adopted Date: 05/01/2019 Status: Approved

CEO executive director top management comp Part VI line 15A

The Board approves compensation of management through the use of a written employment contract.

Governing documents etc available to public Part VI line 19

Documents such as governing documents, policies and financial statements are available upon request if not found on the organizations website.

Filing and Contact Details

Filer

Filer Name
Old Town Academy
EIN
27-4362839
Address
2120 San Diego Ave, San Diego, CA 92110

Signing Officer

Name
Devon D Phillips Principal
Title
Principal
Phone
6195746225
Signed
2025-05-10
Discuss with paid preparer
Yes

Organization Details

Formed
2010
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
37
Volunteers
30

Preparer

Firm
David Graves CPA Inc
Address
28869 Moonrise Way, Menifee, CA 92584
Preparer
David Graves
Phone
9519731617
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IRS990/OtherExpensesGrp/ProgramServicesAmt0124439
IRS990/OtherExpensesGrp/ProgramServicesAmt1409046
IRS990/OtherExpensesGrp/ProgramServicesAmt219947
IRS990/OtherExpensesGrp/ProgramServicesAmt345876
IRS990/OtherExpensesGrp/TotalAmt0125843
IRS990/OtherExpensesGrp/TotalAmt1409046
IRS990/OtherExpensesGrp/TotalAmt219947
IRS990/OtherExpensesGrp/TotalAmt345876
IRS990/OtherLiabilitiesGrp/BOYAmt01155840
IRS990/OtherLiabilitiesGrp/EOYAmt0650271
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0295621
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0968729
IRS990/OtherSalariesAndWagesGrp/TotalAmt01264350
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt013361
IRS990/PayrollTaxesGrp/ProgramServicesAmt043427
IRS990/PayrollTaxesGrp/TotalAmt056788
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt069239
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0225047
IRS990/PensionPlanContributionsGrp/TotalAmt0294286
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt070097
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013744
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03491488
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt07247
IRS990/PYOtherExpensesAmt01743707
IRS990/PYRevenuesLessExpensesAmt0-12177
IRS990/PYSalariesCompEmpBnftPaidAmt01767205
IRS990/PYTotalExpensesAmt03510912
IRS990/PYTotalRevenueAmt03498735
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt04107
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt01073000
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt088262
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt088262
IRS990ScheduleD/ExpensesSubtotalAmt03648188
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0285562
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0314671
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0600233
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt033993
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deposits
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt015588
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt015588
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0650271
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Operating Lease Liability
IRS990ScheduleD/RevenueSubtotalAmt03652295
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0301150
IRS990ScheduleD/TotalBookValueOtherAssetsAmt033993
IRS990ScheduleD/TotalExpensesPerForm990Amt03648188
IRS990ScheduleD/TotalLiabilityAmt0650271
IRS990ScheduleD/TotalRevenuePerForm990Amt03652295
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03652295
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03648188
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0125847
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt038996
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Devon D Phillips Principal
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Principal
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0164843
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization will work with a CPA firm for tax preparation. A draft of the tax returns will be provided to the Principal and its financial services provider (CSMC) for approval prior to filing. Once reviewed and approved, the CPA firm will be provided authorization from the Principal to electronically submit the Form 990 to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12002 CONFLICT OF INTEREST CODE POLICY Revised Adopted Date: 05/01/2019 Status: Approved
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board approves compensation of management through the use of a written employment contract.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Documents such as governing documents, policies and financial statements are available upon request if not found on the organizations website.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Old Town Academy Parent Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0455222952
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501 C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Supporting Organization
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt012d
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02120 San Diego Avenue
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0San Diego
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd092110
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03045109
IRS990/TotalAssetsEOYAmt02635610
IRS990/TotalAssetsGrp/BOYAmt03045109
IRS990/TotalAssetsGrp/EOYAmt02635610
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt03628973
IRS990/TotalEmployeeCnt037
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0774483

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