Civic Intelligence

Empire Springs Charter School

EIN 30-0788260 • 501(c)3 • Temecula, CA

Profile

Our mission is to foster the innate curiosity of our students, empower their parents, and promote optium learning by collaboratively developing a personalized learning program for each student.

27740 Jefferson AvenueTemecula, CA 92590

www.springs.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

61st percentile

0.29x

Higher debt load relative to assets than 61% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

41st percentile

0.16x

Higher debt load relative to revenue than 41% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

56th percentile

7.4%

Higher net margin than 56% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

31st percentile

-0.1%

Faster asset growth than 31% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2022

Revenue Growth

57th percentile

10%

Faster revenue growth than 57% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2022

Assets

Up

$18,191,073

Up $2,885,156 (+19%) from 2023

Liabilities

Down

$3,075,474

Down $1,232,835 (-29%) from 2023

Net Assets

Up

$15,115,599

Up $4,117,991 (+37%) from 2023

Revenue

Up

$23,862,971

Up $923,517 (+4.0%) from 2023

Expenses

Up

$19,744,980

Up $1,245,467 (+6.7%) from 2023

Net Income

Down

$4,117,991

Down $321,950 (-7.3%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2014: $2,561,201Liabilities 2014: $1,876,970Net Assets 2014: $684,2312014Assets 2015: $2,982,538Liabilities 2015: $1,748,514Net Assets 2015: $1,234,0242015Assets 2016: $1,836,554Liabilities 2016: $123,642Net Assets 2016: $1,712,9122016Assets 2017: $4,723,375Liabilities 2017: $2,861,428Net Assets 2017: $1,861,9472017Assets 2018: $2,937,587Liabilities 2018: $950,827Net Assets 2018: $1,986,7602018Assets 2019: $5,876,073Liabilities 2019: $3,206,483Net Assets 2019: $2,669,5902019Assets 2020: $9,186,323Liabilities 2020: $6,172,608Net Assets 2020: $3,013,7152020Assets 2021: $10,618,457Liabilities 2021: $5,328,935Net Assets 2021: $5,289,5222021Assets 2022: $9,164,814Liabilities 2022: $2,643,647Net Assets 2022: $6,521,1672022Assets 2023: $15,305,917Liabilities 2023: $4,308,309Net Assets 2023: $10,997,6082023Assets 2024: $18,191,073Liabilities 2024: $3,075,474Net Assets 2024: $15,115,5992024

Highlighted filing

2024

Assets$18,191,073
Liabilities$3,075,474
Net Assets$15,115,599

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0Revenue 2014: $4,828,143Expenses 2014: $4,143,912Net Income 2014: $684,2312014Revenue 2015: $5,964,936Expenses 2015: $5,415,143Net Income 2015: $549,7932015Revenue 2016: $8,217,917Expenses 2016: $7,739,029Net Income 2016: $478,8882016Revenue 2017: $9,181,193Expenses 2017: $9,032,158Net Income 2017: $149,0352017Revenue 2018: $10,574,118Expenses 2018: $10,449,305Net Income 2018: $124,8132018Revenue 2019: $12,816,873Expenses 2019: $12,134,043Net Income 2019: $682,8302019Revenue 2020: $13,789,537Expenses 2020: $13,445,412Net Income 2020: $344,1252020Revenue 2021: $16,534,821Expenses 2021: $14,259,014Net Income 2021: $2,275,8072021Revenue 2022: $16,737,664Expenses 2022: $15,506,019Net Income 2022: $1,231,6452022Revenue 2023: $22,939,454Expenses 2023: $18,499,513Net Income 2023: $4,439,9412023Revenue 2024: $23,862,971Expenses 2024: $19,744,980Net Income 2024: $4,117,9912024

Highlighted filing

2024

Revenue$23,862,971
Expenses$19,744,980
Net Income$4,117,991

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 5, 2025
Return Version
2023v6.0
Gross Receipts
$23,862,971
Mission and Program Overview

Mission

Our mission is to foster the innate curiosity of our students, empower their parents, and promote optimum learning by collaboratively developing a personalized learning program for each student.

Our mission is to foster the innate curiosity of our students, empower their parents, and promote optium learning by collaboratively developing a personalized learning program for each student.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$7,950,404$12,284,135▲ $4,333,731
Accounts Receivable$4,715,876$3,577,907▼ $1,137,969
Land, Buildings, and Equipment, Net$640,117$690,665▲ $50,548
Prepaid Expenses and Deferred Charges$37,277$185,740▲ $148,463
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$15,305,917$18,191,073▲ $2,885,156
Other Assets Total$1,962,243$1,452,626▼ $509,617
Liabilities
Other Liabilities$2,032,583$1,542,474▼ $490,109
Accounts Payable and Accrued Expenses$1,985,828$1,335,036▼ $650,792
Deferred Revenue$289,898$197,964▼ $91,934
Total Liabilities$4,308,309$3,075,474▼ $1,232,835
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,997,608$15,115,599▲ $4,117,991
Total Net Assets Fund Balance$10,997,608$15,115,599▲ $4,117,991
Total Liabilities and Net Assets / Fund Balance$15,305,917$18,191,073▲ $2,885,156

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$502,563$309,110$811,673
Other Land Buildings$136,090$135,786$271,876
Leasehold Improvements$43,312$3,094$46,406
Land$8,700-$8,700
Other Assets Org$19,177--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Monica C LopezPrincipalPT$160,474$160,474
Jacqueline YorkDirector Special AssignPT$131,587$131,587
Tammy JacksonSr Director InvidPT$127,512$127,512
Renee M HansonHomeschool DirectorPT$120,536$120,536
Jackie DeePrincipalFT$118,350$118,350
Dianne Mendez-CantuChairman-$6,250$6,250
stephanie vargasVice Chair-$6,250$6,250
Craig SchneiderTreasurer-$6,000$6,000
Ivo CaouetteDirector-$6,000$6,000
Jason RodriguezDirector-$6,000$6,000
Tracey VelaDirector-$6,000$6,000
michelle nagelvoortSecretary-$6,000$6,000

Highest Paid Contractors

ContractorServicesLocationCompensation
Edtheory LLCSpEd Contracted services6701 Koll Center Pkwy Ste 250, Pleasanton, CA 94566$485,049
Pmp HealthSPED Contracted services5698 MOUNTAIN RD, Brighton, MI 48116$109,155
Juan Carlos MirandaContracted services33175 GINGER LANE, Lake Elsinore, CA 92530$47,350
Benchmark Education Company LLCContracted services145 Huguenot Street 8th floor, New Rochelle, NY 10801$42,602
Schoolability LLCSoftware and Contracted sPO Box 21565, Albuquerque, NM 87154$30,599
Revenue and Support

Revenue Composition

Contributions and Grants
$22,039,817
Program Service Revenue
$0
Investment Income
$276,414
Other Revenue
$1,546,740
Change in Net Assets
$4,117,991

Audited Revenue Reconciliation

Revenue per Audited Statements
$23,862,971
Total Revenue per Audited Statements
$23,862,971
Total Revenue per Form 990
$23,862,971
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,980,817
Other Expenses$5,764,163
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,674,108$748,399-$10,422,507
Other Employee Benefits$3,221,128$294,682-$3,515,810
Fees for Services Other$1,516,838$505,382-$2,022,220
All Other Expenses$677,398$28,546-$705,944
Travel$256,667$25,373-$282,040
Other Expenses$212,924$4,284-$217,208
Insurance$2,977$204,955-$207,932
Current Officers, Directors, Trustees, and Key Employees$36,500$6,000-$42,500
Occupancy$34,047--$34,047
Total Functional Expenses$17,774,086$1,970,894$0$19,744,980

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$19,744,980
Total Expenses per Audited Statements$19,744,980
Total Expenses per Form 990$19,744,980
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liabilities$1,433,449
Compensated absences$109,025
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 B, Line 11B

A preliminary return is sent to the assistant superintendent of business and an outside financial consultant for review. Questions and comments will be asked of the tax preparer and any changes will be made prior to filing, if necessary.

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

Many of the governing documents and conflict of interest policy areavailable on the organization's website. All other governing documents andfinancial statements are available to the public upon request.

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

All employees and board members are required to disclose any conflicts ofinterest annually. The board will review all conflicts. If any conflictsare presented, the employee/board member will be prohibited to participatein the boards deliberations and decisions in the transaction(s).

Form 990, Part VI, Section C, Line 19

Many of the governing documents and conflict of interest policy are available on the organizaton's website. All other governing documents and financial statements are available to the public upon request.

FORM 990, PART VI, SECTION B, LINE 11B:

A preliminary return is sent to the assistant superintendent of business and an outside financial consultant for review. Questions and comments will be asked of the tax preparer and any changes will be made prior to filing, if necessary.

FORM 990, PART VI, SECTION B, LINE 12C:

All employees and board members are required to disclose any conflicts of interest annually. The road will review all conflicts. If any conflicts are presented, the employee/board member will be prohibited to participate in the boards deliberations and decisions in the transaction(s).

FORM 990, PART VI, SECTION B, LINE 15:

The initial salaries and any updated salary amounts for management personnel are determined with the assistance of our independent administrative services provider, who assists in analyzing competitive area salaries. All management salaries are calculated in conjuction with our compensation committee and are board-approved.

FORM 990, PART VI, SECTION C, LINE 18:

Many of the governing documents and conflict of interest policy are available on the organization's website. All other governing documents and financial statements are available to the public upon request.

FORM 990, PART VI, SECTION C, LINE 19:

Many of the governing documents and conflict of interest policy are available on the organization's website. All other governing documents and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Empire Springs Charter School
EIN
30-0788260
Phone
9512528800
Address
27740 JEFFERSON AVENUE, TEMECULA, CA 92590

Signing Officer

Name
Kathleen Hermsmeyer
Title
superintendent
Signed
2025-05-05
Discuss with paid preparer
Yes

Organization Details

Formed
2013
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
198

Preparer

Firm
CWDL CPAs
Address
3131 Camino Del Rio North Ste 820, San Diego, CA 92108
Preparer
John Dominguez CPA
Phone
8585652700
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