Civic Intelligence

Ednovate Inc.

990 • Fiscal year 2020 • EIN 45-4005918

Jul 01, 2019 to Jun 30, 2020 • Filed on May 13, 2021

Organization ProfileWWW.EDNOVATE.ORG

View Organization Page

350 S Figueroa StreetLos Angeles, CA 90071

(213) 454-0599

Siviq Scores

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

Liabilities / Assets

76th percentile

0.60x

Higher debt load relative to assets than 76% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

59th percentile

0.48x

Higher debt load relative to revenue than 59% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

43rd percentile

2.3%

Higher net margin than 43% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

50th percentile

$246,150

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

87th percentile

39%

Faster asset growth than 87% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

78th percentile

21%

Faster revenue growth than 78% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$24,694,440

Up $6,873,331 (+39%) from 2019

Net Assets

Up

$9,756,384

Up $705,001 (+7.8%) from 2019

Liabilities

Up

$14,938,056

Up $6,168,330 (+70%) from 2019

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin43rd percentile

Revenue

Up

$31,097,913

Up $5,405,325 (+21%) from 2019

Expenses

Up

$30,392,912

Up $4,319,982 (+17%) from 2019

Net Income

Up

$705,001

Up $1,085,343 (+285%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth87th 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

2020

Assets$24,694,440
Liabilities$14,938,056
Net Assets$9,756,384
Open 2020 Filing

Operations Trend

Revenue Growth78th 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

2020

Revenue$31,097,913
Expenses$30,392,912
Net Income$705,001
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 13, 2021
Return Version
2019v5.2
Gross Receipts
$31,097,913
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 six high quality california public charter high schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,217,316$7,535,204▲ $3,317,888
Accounts Receivable$3,110,919$4,850,368▲ $1,739,449
Other Notes and Loans Receivable, Net$4,375,000$4,375,000→ $0
Land, Buildings, and Equipment, Net$906,397$2,486,672▲ $1,580,275
Prepaid Expenses and Deferred Charges$116,276$356,162▲ $239,886
Total Assets$17,821,109$24,694,440▲ $6,873,331
Other Assets Total$5,095,201$5,091,034▼ $4,167
Liabilities
Unsecured Notes Loans Payable$6,246,019$11,849,882▲ $5,603,863
Accounts Payable and Accrued Expenses$2,314,327$2,076,051▼ $238,276
Other Liabilities$0$969,592▲ $969,592
Deferred Revenue$209,380$42,531▼ $166,849
Total Liabilities$8,769,726$14,938,056▲ $6,168,330
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,051,383$8,603,852▼ $447,531
Net Assets With Donor Restrictions-$1,152,532-
Total Net Assets Fund Balance$9,051,383$9,756,384▲ $705,001
Total Liabilities and Net Assets / Fund Balance$17,821,109$24,694,440▲ $6,873,331

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,184,943-$1,184,943
Leasehold Improvements$807,420$208,244$1,015,664
Equipment$494,309$469,267$963,576
Other Assets Org$4,965,000--
Compensation and Service Providers
Top Officer Pay50th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Oliver SicatChief Executive OfficerFT$241,651$4,499$246,150
Lauryn FullertonChief of SchoolsFT$145,903$4,125$150,028
Katherine HartChief Operating OfficerFT$137,270$4,812$142,082
Rosa AlanisPrincipal, Esperanza ColleFT$123,669$6,230$129,899
Olumide MacaulayPrincipal, Usc Hybrid HighFT$125,153$2,853$128,006
Evelyn CastroPrincipal, Legacy CollegeFT$119,806$3,498$123,304
Andrew GoltermannPrincipal, East College PrFT$112,979$3,864$116,843
Nicole R PageDirector of Data StrategyFT$105,135$3,919$109,054

Board Members and Trustees

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

Highest Paid Contractors

ContractorServicesLocationCompensation
Epi ConstructionConstruction12345 VENTURA CT SUITE H, Studio City, CA 91604$575,730
Haynes Building Services LLCJanitorial Services16027 ARROW HWY STE I, Irwindale, CA 91706$313,848
Aaa Protective SecuritySecurity Services3699 WILSHIRE BLVD 820, Los Angeles, CA 90010$202,424
George AlfaroTenant Improvement - Painting350 S FIGUEROA ST, Los Angeles, CA 90071$156,162
Business Expo CenterRental1960 S ANAHEAIM WAY, Anaheim, CA 92805$150,839
Revenue and Support

Revenue Composition

Contributions and Grants
$30,929,052
Program Service Revenue
$21,897
Investment Income
$47,097
Other Revenue
$99,867
All Other Contributions
$3,939,683
Change in Net Assets
$705,001
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$16,799,924
Other Expenses$13,592,988
Total Fundraising Expense$173,216
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,785,391$2,439,671$106,212$13,331,274
Occupancy$5,583,316$566,580$29,236$6,179,132
Office Expenses$1,416,595$268,593-$1,685,188
Other Employee Benefits$1,045,077$232,240$12,901$1,290,218
Payroll Taxes$740,562$164,569$9,143$914,274
Depreciation Depletion$676,514$89,159-$765,673
Current Officers, Directors, Trustees, and Key Employees$539,145$119,810$6,657$665,612
Pension Plan Contributions$484,822$107,739$5,985$598,546
Other Expenses$355,072$666,448$3,082$355,072
Advertising$161,217$74,396-$235,613
Insurance-$154,902-$154,902
Travel$145,952--$145,952
Interest-$128,599-$128,599
Total Functional Expenses$24,131,422$6,088,274$173,216$30,392,912
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$969,592
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

“The organization does not have any 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 irs. A final copy is provided to board of directors for their review after the return is filed.”

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 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 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 STREET, LOS ANGELES, CA 90071

Signing Officer

Name
Oliver Sicat
Title
CEO
Phone
2134540599
Signed
2021-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Oliver Sicat
Formed
2011
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
262
Volunteers
7

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 is 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.”

Raw XML AppendixShowing 400 of 609 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHIEF OF SCHOOLS
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRINCIPAL, ESPERANZA COLLE
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRINCIPAL, USC HYBRID HIGH
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRINCIPAL, LEGACY COLLEGE
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRINCIPAL, EAST COLLEGE PR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR OF DATA STRATEGY
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY AND TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02011
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt031097913
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt010
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0154902
IRS990/InsuranceGrp/TotalAmt0154902
IRS990/InterestGrp/ManagementAndGeneralAmt0128599
IRS990/InterestGrp/TotalAmt0128599
IRS990/InvestmentIncomeGrp/ExclusionAmt047097
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt047097
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt0137
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipCostOrOtherBssAmt03164183
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
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/NetAssetsOrFundBalancesBOYAmt09051383
IRS990/NetAssetsOrFundBalancesEOYAmt09756384
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt09051383
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt08603852
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt029236
IRS990/OccupancyGrp/ManagementAndGeneralAmt0566580
IRS990/OccupancyGrp/ProgramServicesAmt05583316
IRS990/OccupancyGrp/TotalAmt06179132
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0268593
IRS990/OfficeExpensesGrp/ProgramServicesAmt01416595
IRS990/OfficeExpensesGrp/TotalAmt01685188
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05095201
IRS990/OtherAssetsTotalGrp/EOYAmt05091034
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt012901
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0232240
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01045077
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01290218
IRS990/OtherExpensesGrp/Desc0PROFESSIONAL SERVICES
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2STUDENT NUTRITION
IRS990/OtherExpensesGrp/Desc3INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/FundraisingAmt03082
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01075568
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1666448
IRS990/OtherExpensesGrp/ProgramServicesAmt01270143
IRS990/OtherExpensesGrp/ProgramServicesAmt1464985
IRS990/OtherExpensesGrp/ProgramServicesAmt2462631
IRS990/OtherExpensesGrp/ProgramServicesAmt3355072
IRS990/OtherExpensesGrp/TotalAmt02345711
IRS990/OtherExpensesGrp/TotalAmt11134515
IRS990/OtherExpensesGrp/TotalAmt2462631
IRS990/OtherExpensesGrp/TotalAmt3355072
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0969592
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt099867
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt099867
IRS990/OtherRevenueTotalAmt099867
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0106212
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02439671
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt010785391
IRS990/OtherSalariesAndWagesGrp/TotalAmt013331274
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt04375000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04375000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt09143
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0164569
IRS990/PayrollTaxesGrp/ProgramServicesAmt0740562
IRS990/PayrollTaxesGrp/TotalAmt0914274
IRS990/PensionPlanContributionsGrp/FundraisingAmt05985
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0107739
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0484822
IRS990/PensionPlanContributionsGrp/TotalAmt0598546
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0116276
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0356162
IRS990/PrincipalOfficerNm0OLIVER SICAT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0FOOD SERVICE SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt021897
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt021897
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt025557108
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt039606
IRS990/PYOtherExpensesAmt012385057
IRS990/PYOtherRevenueAmt074452
IRS990/PYProgramServiceRevenueAmt021422
IRS990/PYRevenuesLessExpensesAmt0-380342
IRS990/PYSalariesCompEmpBnftPaidAmt013687873
IRS990/PYTotalExpensesAmt026072930
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt025692588
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0705001
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt021897
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04217316
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07535204
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/BookValueAmt0494309
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0469267
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0963576
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0807420
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0208244
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01015664
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0126034
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt14965000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CAPITAL CONTRIBUTION
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01184943
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01184943
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0969592
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT LIABILITY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS A NONPROFIT PUBLIC BENEFIT CORPORATION THAT IS 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/TotalBookValueLandBuildingsAmt02486672
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05091034
IRS990ScheduleD/TotalLiabilityAmt0969592
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00

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Filings

Displayed year

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

Open filing
Assets
$24,694,440
Liabilities
$14,938,056
Net assets
$9,756,384
Revenue
$31,097,913
Expenses
$30,392,912
Net income
$705,001
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
2020Detailed filing. Detailed filing data is available for this year.$24.7$14.9$9.76$31.1$30.4$0.71
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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