Civic Intelligence

Ednovate Inc.

990 • Fiscal year 2019 • EIN 45-4005918

Jul 01, 2018 to Jun 30, 2019 • Filed on Jun 10, 2020

Organization ProfileWWW.EDNOVATE.ORG

View Organization Page

350 S Figueroa St No 250Los Angeles, CA 90071

(213) 454-0599

Siviq Scores

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

Liabilities / Assets

71st percentile

0.49x

Higher debt load relative to assets than 71% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

54th percentile

0.34x

Higher debt load relative to revenue than 54% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

29th percentile

-1.5%

Higher net margin than 29% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$252,280

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

69th percentile

10%

Faster asset growth than 69% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

72nd percentile

12%

Faster revenue growth than 72% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$17,821,109

Up $1,663,204 (+10%) from 2018

Net Assets

Up

$9,051,383

Up $1,644,658 (+22%) from 2018

Liabilities

Up

$8,769,726

Up $18,546 (+0.2%) from 2018

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin29th percentile

Revenue

Up

$25,692,588

Up $2,839,521 (+12%) from 2018

Expenses

Up

$26,072,930

Up $7,969,158 (+44%) from 2018

Net Income

Down

-$380,342

Down $5,129,637 (-108%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth69th percentile

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

$100M$50M$0Assets 2013: $846,622Liabilities 2013: $794,267Net Assets 2013: $52,3552013Assets 2014: $1,751,740Liabilities 2014: $1,487,132Net Assets 2014: $264,6082014Assets 2015: $2,009,076Liabilities 2015: $1,154,003Net Assets 2015: $855,0732015Assets 2016: $3,402,544Liabilities 2016: $1,198,060Net Assets 2016: $2,204,4842016Assets 2017: $6,308,297Liabilities 2017: $1,625,867Net Assets 2017: $4,682,4302017Assets 2018: $16,157,905Liabilities 2018: $8,751,180Net Assets 2018: $7,406,7252018Assets 2019: $17,821,109Liabilities 2019: $8,769,726Net Assets 2019: $9,051,3832019Assets 2020: $24,694,440Liabilities 2020: $14,938,056Net Assets 2020: $9,756,3842020Assets 2021: $33,367,318Liabilities 2021: $15,931,021Net Assets 2021: $17,436,2972021Assets 2022: $39,618,009Liabilities 2022: $14,795,046Net Assets 2022: $24,822,9632022Assets 2023: $87,955,507Liabilities 2023: $60,209,600Net Assets 2023: $27,745,9072023Assets 2024: $92,407,545Liabilities 2024: $58,618,420Net Assets 2024: $33,789,1252024

Highlighted filing

2019

Assets$17,821,109
Liabilities$8,769,726
Net Assets$9,051,383
Open 2019 Filing

Operations Trend

Revenue Growth72nd percentile

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

$80M$60M$40M$20M$0-$20MRevenue 2013: $1,804,283Expenses 2013: $1,757,884Net Income 2013: $46,3992013Revenue 2014: $3,320,227Expenses 2014: $3,107,974Net Income 2014: $212,2532014Revenue 2015: $4,914,934Expenses 2015: $4,324,469Net Income 2015: $590,4652015Revenue 2016: $9,375,212Expenses 2016: $8,025,801Net Income 2016: $1,349,4112016Revenue 2017: $14,067,715Expenses 2017: $11,589,769Net Income 2017: $2,477,9462017Revenue 2018: $22,853,067Expenses 2018: $18,103,772Net Income 2018: $4,749,2952018Revenue 2019: $25,692,588Expenses 2019: $26,072,930Net Income 2019: -$380,3422019Revenue 2020: $31,097,913Expenses 2020: $30,392,912Net Income 2020: $705,0012020Revenue 2021: $37,749,342Expenses 2021: $30,069,429Net Income 2021: $7,679,9132021Revenue 2022: $50,209,560Expenses 2022: $42,822,894Net Income 2022: $7,386,6662022Revenue 2023: $50,743,071Expenses 2023: $47,820,127Net Income 2023: $2,922,9442023Revenue 2024: $62,013,971Expenses 2024: $55,970,753Net Income 2024: $6,043,2182024

Highlighted filing

2019

Revenue$25,692,588
Expenses$26,072,930
Net Income-$380,342
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jun 10, 2020
Return Version
2018v3.1
Gross Receipts
$25,692,588
Mission and Program Overview

Mission

The mission of the california public charter high schools is for its students to use their college degrees and careers to make a positive multi-generational change, with a goal of 100% of the students being accepted into a 4-year university with a 90% persistence rate after their freshman year of college.

Ednovate, inc. Operates five high quality california public charter high schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,675,000$4,375,000▲ $2,700,000
Savings and Temporary Cash Investments$3,852,427$4,217,316▲ $364,889
Accounts Receivable$2,691,449$3,110,919▲ $419,470
Land, Buildings, and Equipment, Net$7,363,739$906,397▼ $6,457,342
Prepaid Expenses and Deferred Charges$419,202$116,276▼ $302,926
Total Assets$16,157,905$17,821,109▲ $1,663,204
Other Assets Total$156,088$5,095,201▲ $4,939,113
Liabilities
Unsecured Notes Loans Payable$7,353,289$6,246,019▼ $1,107,270
Accounts Payable and Accrued Expenses$1,397,891$2,314,327▲ $916,436
Deferred Revenue-$209,380-
Total Liabilities$8,751,180$8,769,726▲ $18,546
Net Assets / Fund Balance
Unrestricted Net Assets$7,406,725$9,051,383▲ $1,644,658
Total Net Assets Fund Balance$7,406,725$9,051,383▲ $1,644,658
Total Liabilities and Net Assets / Fund Balance$16,157,905$17,821,109▲ $1,663,204

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$360,620$266,638$627,258
Buildings$230,405$31,441$261,846
Leasehold Improvements$187,946$41,684$229,630
Other Land Buildings$127,426$44,472$171,898
Other Assets Org$4,965,000--
Compensation and Service Providers
Top Officer Pay50th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Oliver SicatChief Executive OfficerFT$213,750$38,530$252,280
Lauryn FullertonChief of SchoolsFT$147,325$23,221$170,546
Olumide MacaulayPrincipal, Usc Hybrid High SchoolFT$134,370$17,539$151,909
Rosa AlanisPrincipal, Esperanza College PrepFT$142,665$6,693$149,358
Andrew GoltermannPrincipal, East College PrepFT$139,228$4,462$143,690
Katherine HartChief Operating OfficerFT$131,235$8,659$139,894
Evelyn CastroPrincipal, Legacy College PrepFT$123,930$4,651$128,581
Nicole R PageDirector of Data Strategy & AnalysisFT$121,502$4,558$126,060

Board Members and Trustees

NameTitle
Karen Symms GallagherChair
Kate HirshMember
Marcia AaronMember
Pauline FischerMember
Rich BillingsMember
Elliot SainerSecretary and Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Appleone Employment ServicesClerical Services725 S FIGUEROA ST 1600, Los Angeles, CA 90017$269,724
Haynes Building Services LLCJanitorial Services16027 ARROW HWY STE I, Irwindale, CA 91706$197,079
George AlfaroTentant Improvement- Painting350 S FIGUEROA STREET, Los Angeles, CA 90071$147,702
Revenue and Support

Revenue Composition

Contributions and Grants
$25,557,108
Program Service Revenue
$21,422
Investment Income
$39,606
Other Revenue
$74,452
All Other Contributions
$2,616,312
Change in Net Assets
$-380,342

Audited Revenue Reconciliation

Revenue per Audited Statements
$25,692,588
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$25,692,588
Total Revenue per Form 990
$25,692,588
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,687,873
Other Expenses$12,385,057
Total Fundraising Expense$26,800
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,053,148$1,899,094-$10,952,242
Occupancy$4,175,256$242,043-$4,417,299
Office Expenses$1,768,843$164,361-$1,933,204
Other Employee Benefits$807,283$169,345-$976,628
Payroll Taxes$603,271$126,549-$729,820
Current Officers, Directors, Trustees, and Key Employees$455,042$95,456-$550,498
Pension Plan Contributions$395,682$83,003-$478,685
Other Expenses$346,927$0$0$346,927
Advertising-$299,270-$299,270
Travel$243,909--$243,909
Depreciation Depletion$182,174$9,980-$192,154
Interest$55,211$80,934-$136,145
Insurance$127,020$118-$127,138
Total Functional Expenses$22,055,196$3,990,934$26,800$26,072,930

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$26,072,930
Total Expenses per Audited Statements$26,072,930
Total Expenses per Form 990$26,072,930
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 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 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 19

“The required documents are available at the business office during normal business hours upon request.”

Filing and Contact Details

Filer

Filer Name
Ednovate Inc
EIN
45-4005918
Phone
2134540599
Address
350 S FIGUEROA ST NO 250, LOS ANGELES, CA 90071

Signing Officer

Name
Oliver Sicat
Title
CEO
Phone
2134540599
Signed
2020-06-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Oliver Sicat
Formed
2011
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
229
Volunteers
6

Preparer

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

Financial Statement Notes

PART X, LINE 2:

“The school is a nonprofit public benefit corporation that are exempt from income taxes under section 501(c)(3) of the internal revenue code and classified by the internal revenue service as other than a private foundation and qualifies for deductible contributions as provided in section 170(b)(1)(a)(vi). It is also exempt from state franchise and income taxes under section 23701(d) of the california revenue and taxation code. Accordingly, no provision for income taxes have been reflected in these consolidated financial statements. The school has adopted financial accounting standards board (fasb) accounting standards codification (asc) topic 740 that clarifies the accounting for uncertainty in tax positions taken or expected to be taken on a tax return and provides that the tax effects from an uncertain tax position can be recognized in the consolidated financial statements only if, based on its merits, the position is more likely than not to be sustained on audit by the taxing authorities. Management believes that all tax positions taken to date are highly certain, and, accordingly, no accounting adjustment has been made to the consolidated financial statements.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY AND TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHIEF OF SCHOOLS
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRINCIPAL, USC HYBRID HIGH SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRINCIPAL, ESPERANZA COLLEGE PREP
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRINCIPAL, EAST COLLEGE PREP
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRINCIPAL, LEGACY COLLEGE PREP
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR OF DATA STRATEGY & ANALYSIS
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt022940796
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt025692588
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt014
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0118
IRS990/InsuranceGrp/ProgramServicesAmt0127020
IRS990/InsuranceGrp/TotalAmt0127138
IRS990/InterestGrp/ManagementAndGeneralAmt080934
IRS990/InterestGrp/ProgramServicesAmt055211
IRS990/InterestGrp/TotalAmt0136145
IRS990/InvestmentIncomeGrp/ExclusionAmt039606
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt039606
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt0110
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0384235
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07363739
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0906397
IRS990/LandBldgEquipCostOrOtherBssAmt01290632
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF EDNOVATE IS FOR ITS STUDENTS TO USE THIER COLLEGE DEGREES AND CAREERS TO MAKE A POSITIVE MULTI-GENERATIONAL CHANGE, WITH A GOAL OF 100% OF THE STUDENTS BEING ACCEPTED INTO A 4-YEAR UNIVERISTY WITH A 90% PERSISTENCE RATE AFTER THEIR FRESHMAN YEAR OF COLLEGE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt07406725
IRS990/NetAssetsOrFundBalancesEOYAmt09051383
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0242043
IRS990/OccupancyGrp/ProgramServicesAmt04175256
IRS990/OccupancyGrp/TotalAmt04417299
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0164361
IRS990/OfficeExpensesGrp/ProgramServicesAmt01768843
IRS990/OfficeExpensesGrp/TotalAmt01933204
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0156088
IRS990/OtherAssetsTotalGrp/EOYAmt05095201
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0169345
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0807283
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0976628
IRS990/OtherExpensesGrp/Desc0PROFESSIONAL SERVICES
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2STUDENT NUTRITION
IRS990/OtherExpensesGrp/Desc3INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt126800
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0793470
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt127311
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt02408118
IRS990/OtherExpensesGrp/ProgramServicesAmt1913170
IRS990/OtherExpensesGrp/ProgramServicesAmt2520142
IRS990/OtherExpensesGrp/ProgramServicesAmt3346927
IRS990/OtherExpensesGrp/TotalAmt03201588
IRS990/OtherExpensesGrp/TotalAmt1967281
IRS990/OtherExpensesGrp/TotalAmt2520142
IRS990/OtherExpensesGrp/TotalAmt3346927
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt074452
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt074452
IRS990/OtherRevenueTotalAmt074452
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01899094
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt09053148
IRS990/OtherSalariesAndWagesGrp/TotalAmt010952242
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01675000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04375000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0126549
IRS990/PayrollTaxesGrp/ProgramServicesAmt0603271
IRS990/PayrollTaxesGrp/TotalAmt0729820
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt083003
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0395682
IRS990/PensionPlanContributionsGrp/TotalAmt0478685
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0419202
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0116276
IRS990/PrincipalOfficerNm0OLIVER SICAT
IRS990/PriorPeriodAdjustmentsAmt02025000
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0FOOD SERVICE SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt021422
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt021422
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt022838124
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt014943
IRS990/PYOtherExpensesAmt08423876
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt04749295
IRS990/PYSalariesCompEmpBnftPaidAmt09679896
IRS990/PYTotalExpensesAmt018103772
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt022853067
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-380342
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt095874
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03852427
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04217316
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/BuildingsGrp/BookValueAmt0230405
IRS990ScheduleD/BuildingsGrp/DepreciationAmt031441
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0261846
IRS990ScheduleD/EquipmentGrp/BookValueAmt0360620
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0266638
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0627258
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt026072930
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0187946
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt041684
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0229630
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0130201
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt14965000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CAPITAL CONTRIBUTION
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0127426
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt044472
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0171898
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt025692588
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS A NONPROFIT PUBLIC BENEFIT CORPORATION THAT ARE EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(VI). IT IS ALSO EXEMPT FROM STATE FRANCHISE AND INCOME TAXES UNDER SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAVE BEEN REFLECTED IN THESE CONSOLIDATED FINANCIAL STATEMENTS. THE SCHOOL HAS ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740 THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN AND PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS ONLY IF, BASED ON ITS MERITS, THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT BY THE TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT ALL TAX POSITIONS TAKEN TO DATE ARE HIGHLY CERTAIN, AND, ACCORDINGLY, NO ACCOUNTING ADJUSTMENT HAS BEEN MADE TO THE CONSOLIDATED FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0906397
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05095201
IRS990ScheduleD/TotalExpensesPerForm990Amt026072930
IRS990ScheduleD/TotalRevenuePerForm990Amt025692588
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt025692588
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt026072930
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/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL MAKES THE NONDISCRIMINATORY POLICY AVAILABLE TO THE GENERAL PUBLIC DURING REGISTRATION, A COPY MAY BE RECEIVED FROM THE FRONT OFFICE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1SCHOOL RECEIVES A PER ADA FEE FROM THE CALIFORNIA DEPARTMENT OF EDUCATION FOR EVERY PUPIL ATTENDING THE SCHOOL. ADDITIONALLY, THE SCHOOL IS ELIGIBLE FOR LOCAL, STATE, AND FEDERAL PROGRAMS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,821,109
Liabilities
$8,769,726
Net assets
$9,051,383
Revenue
$25,692,588
Expenses
$26,072,930
Net income
-$380,342
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$92.4$58.6$33.8$62.0$56.0$6.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$88.0$60.2$27.7$50.7$47.8$2.92
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.6$14.8$24.8$50.2$42.8$7.39
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.4$15.9$17.4$37.7$30.1$7.68
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.7$14.9$9.76$31.1$30.4$0.71
2019Detailed filing. Detailed filing data is available for this year.$17.8$8.77$9.05$25.7$26.1$0.38
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.2$8.75$7.41$22.9$18.1$4.75
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.31$1.63$4.68$14.1$11.6$2.48
2016Detailed filing. Detailed filing data is available for this year.$3.40$1.20$2.20$9.38$8.03$1.35
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.01$1.15$0.86$4.91$4.32$0.59
2014Detailed filing. Detailed filing data is available for this year.$1.75$1.49$0.26$3.32$3.11$0.21
2013Summary only. Only limited summary data is available for this year.$0.85$0.79$0.05$1.80$1.76$0.05