Civic Intelligence

Ednovate Inc.

990 • Fiscal year 2021 • EIN 45-4005918

Jul 01, 2020 to Jun 30, 2021 • Filed on May 12, 2022

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

73rd percentile

0.48x

Higher debt load relative to assets than 73% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

61st percentile

0.42x

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

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

65th percentile

20%

Higher net margin than 65% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

50th percentile

$247,585

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

87th percentile

35%

Faster asset growth than 87% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

62nd percentile

21%

Faster revenue growth than 62% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$33,367,318

Up $8,672,878 (+35%) from 2020

Net Assets

Up

$17,436,297

Up $7,679,913 (+79%) from 2020

Liabilities

Up

$15,931,021

Up $992,965 (+6.6%) from 2020

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin65th percentile

Revenue

Up

$37,749,342

Up $6,651,429 (+21%) from 2020

Expenses

Down

$30,069,429

Down $323,483 (-1.1%) from 2020

Net Income

Up

$7,679,913

Up $6,974,912 (+989%) from 2020

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

2021

Assets$33,367,318
Liabilities$15,931,021
Net Assets$17,436,297
Open 2021 Filing

Operations Trend

Revenue Growth62nd 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

2021

Revenue$37,749,342
Expenses$30,069,429
Net Income$7,679,913
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 12, 2022
Return Version
2020v4.2
Gross Receipts
$37,749,342
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
Accounts Receivable$4,850,368$13,656,888▲ $8,806,520
Savings and Temporary Cash Investments$7,535,204$6,399,457▼ $1,135,747
Other Notes and Loans Receivable, Net$4,375,000$4,375,000→ $0
Land, Buildings, and Equipment, Net$2,486,672$3,179,938▲ $693,266
Prepaid Expenses and Deferred Charges$356,162$791,035▲ $434,873
Total Assets$24,694,440$33,367,318▲ $8,672,878
Other Assets Total$5,091,034$4,965,000▼ $126,034
Liabilities
Unsecured Notes Loans Payable$11,849,882$9,864,032▼ $1,985,850
Accounts Payable and Accrued Expenses$2,076,051$3,096,994▲ $1,020,943
Other Liabilities$969,592$1,793,900▲ $824,308
Deferred Revenue$42,531$1,176,095▲ $1,133,564
Total Liabilities$14,938,056$15,931,021▲ $992,965
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,603,852$16,464,029▲ $7,860,177
Net Assets With Donor Restrictions$1,152,532$972,268▼ $180,264
Total Net Assets Fund Balance$9,756,384$17,436,297▲ $7,679,913
Total Liabilities and Net Assets / Fund Balance$24,694,440$33,367,318▲ $8,672,878

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,790,352-$1,790,352
Leasehold Improvements$962,990$316,811$1,279,801
Equipment$426,596$643,634$1,070,230
Other Assets Org$4,965,000--
Compensation and Service Providers
Top Officer Pay50th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Oliver SicatChief Executive OfficerFT$237,917$9,668$247,585
Jesse Sage NoonanChief Academic OfficerFT$187,603$23,640$211,243
Olumide MacaulayChief of SchoolsFT$160,660$23,407$184,067
Kara McguireChief of StaffFT$170,248$9,334$179,582
Evelyn CastroPrincipal, Legacy CollegeFT$139,863$22,001$161,864
Rosa AlanisPrincipal, Esperanza ColleFT$147,696$12,763$160,459
Andrew GoltermannPrincipal, East College PrFT$143,000$12,590$155,590
Katherine HartChief Operating OfficerFT$132,408$8,809$141,217
Nicole R PageDirector of Data StrategyFT$121,720$7,332$129,052
Lauryn Patrice FullertonChief of Schools Thru 6/30/2020FT$112,937$7,380$120,317

Board Members and Trustees

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

Highest Paid Contractors

ContractorServicesLocationCompensation
Haynes Building Services LLCJanitorial Services16027 ARROW HWY STE I, Irwindale, CA 91706$211,928
Mds Advisors Consulting Group LLCAdvisory155 EASTBOURNE RD, Newton, MA 02459$173,523
Revenue and Support

Revenue Composition

Contributions and Grants
$37,627,577
Program Service Revenue
$370
Investment Income
$44,947
Other Revenue
$76,448
All Other Contributions
$2,058,740
Change in Net Assets
$7,679,913
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$16,548,543
Other Expenses$13,520,886
Total Fundraising Expense$159,774
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$11,380,900$1,175,651$112,100$12,668,651
Occupancy$6,037,141$114,723$10,435$6,162,299
Office Expenses$1,645,301$107,102-$1,752,403
Other Employee Benefits$1,458,838$156,889$14,499$1,630,226
Payroll Taxes$791,945$86,942$7,908$886,795
Current Officers, Directors, Trustees, and Key Employees$701,574$155,905$8,661$866,140
Pension Plan Contributions$445,274$47,049$4,408$496,731
Insurance-$287,581-$287,581
Depreciation Depletion$282,934--$282,934
Other Expenses$272,759$171,165$1,763$272,759
Advertising-$260,700-$260,700
Interest-$175,292-$175,292
Travel$31,386--$31,386
Total Functional Expenses$25,796,835$4,112,820$159,774$30,069,429
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$1,793,900
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 provided to the board for comment before 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 determined based on data provided by external charter management organizations and through comparison studies of other charter schools.”

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
2022-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Oliver Sicat
Formed
2011
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
252
Volunteers
8

Preparer

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

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization has not changed its process from the prior year.”

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 694 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02076051
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt03096994
IRS990/AccountsReceivableGrp/BOYAmt04850368
IRS990/AccountsReceivableGrp/EOYAmt013656888
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0EDNOVATE, INC. OPERATES SIX HIGH QUALITY CALIFORNIA PUBLIC CHARTER HIGH SCHOOLS.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0260700
IRS990/AdvertisingGrp/TotalAmt0260700
IRS990/AllOtherContributionsAmt02058740
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum02134540599
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0350 S FIGUEROA ST NO 250
IRS990/BooksInCareOfDetail/USAddress/CityNm0LOS ANGELES
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd090071
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt02
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt08661
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0155905
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0701574
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0866140
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContractorCompensationGrp/CompensationAmt0211928
IRS990/ContractorCompensationGrp/CompensationAmt1173523
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt016027 ARROW HWY STE I
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1155 EASTBOURNE RD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0IRWINDALE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1NEWTON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1MA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd091706
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd102459
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0HAYNES BUILDING SERVICES LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1MDS ADVISORS CONSULTING GROUP LLC
IRS990/ContractorCompensationGrp/ServicesDesc0JANITORIAL SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc1ADVISORY
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt037627577
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt044947
IRS990/CYOtherExpensesAmt013520886
IRS990/CYOtherRevenueAmt076448
IRS990/CYProgramServiceRevenueAmt0370
IRS990/CYRevenuesLessExpensesAmt07679913
IRS990/CYSalariesCompEmpBnftPaidAmt016548543
IRS990/CYTotalExpensesAmt030069429
IRS990/CYTotalFundraisingExpenseAmt0159774
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt037749342
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt042531
IRS990/DeferredRevenueGrp/EOYAmt01176095
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0282934
IRS990/DepreciationDepletionGrp/TotalAmt0282934
IRS990/Desc0EDNOVATE, INC. SERVED APPROXIMATELY 2295 STUDENTS & OFFERED 180 INSTRUCTIONAL DAYS IN THE 2020-21 FISCAL YEAR.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt01152532
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0972268
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt0252
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt025796835
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1740.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd3X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt89668
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt923407
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt108809
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1123640
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt127380
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1312763
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1422001
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1512590
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt169334
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt177332
IRS990/Form990PartVIISectionAGrp/PersonNm0KAREN SYMMS GALLAGHER
IRS990/Form990PartVIISectionAGrp/PersonNm1ELLIOT SAINER
IRS990/Form990PartVIISectionAGrp/PersonNm2MARCIA AARON
IRS990/Form990PartVIISectionAGrp/PersonNm3RICH BILLINGS
IRS990/Form990PartVIISectionAGrp/PersonNm4KATE HIRSH
IRS990/Form990PartVIISectionAGrp/PersonNm5PAULINE FISCHER
IRS990/Form990PartVIISectionAGrp/PersonNm6TAMMARA ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm7MICHAEL PORTER
IRS990/Form990PartVIISectionAGrp/PersonNm8OLIVER SICAT
IRS990/Form990PartVIISectionAGrp/PersonNm9OLUMIDE MACAULAY
IRS990/Form990PartVIISectionAGrp/PersonNm10KATHERINE HART
IRS990/Form990PartVIISectionAGrp/PersonNm11JESSE SAGE NOONAN
IRS990/Form990PartVIISectionAGrp/PersonNm12LAURYN PATRICE FULLERTON
IRS990/Form990PartVIISectionAGrp/PersonNm13ROSA ALANIS
IRS990/Form990PartVIISectionAGrp/PersonNm14EVELYN CASTRO
IRS990/Form990PartVIISectionAGrp/PersonNm15ANDREW GOLTERMANN
IRS990/Form990PartVIISectionAGrp/PersonNm16KARA MCGUIRE
IRS990/Form990PartVIISectionAGrp/PersonNm17NICOLE R PAGE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8237917
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9160660
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10132408
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11187603
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12112937
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13147696
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14139863
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15143000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16170248
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17121720
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY AND TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHIEF OF SCHOOLS
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHIEF ACADEMIC OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHIEF OF SCHOOLS THRU 6/30/2020
IRS990/Form990PartVIISectionAGrp/TitleTxt13PRINCIPAL, ESPERANZA COLLE
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRINCIPAL, LEGACY COLLEGE
IRS990/Form990PartVIISectionAGrp/TitleTxt15PRINCIPAL, EAST COLLEGE PR
IRS990/Form990PartVIISectionAGrp/TitleTxt16CHIEF OF STAFF
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR OF DATA STRATEGY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt035568837
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt037749342
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt017
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0287581
IRS990/InsuranceGrp/TotalAmt0287581
IRS990/InterestGrp/ManagementAndGeneralAmt0175292
IRS990/InterestGrp/TotalAmt0175292
IRS990/InvestmentIncomeGrp/ExclusionAmt044947
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt044947
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt099
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0960445
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02486672
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03179938
IRS990/LandBldgEquipCostOrOtherBssAmt04140383
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 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 UNIVERISTY WITH A 90% PERSISTENCE RATE AFTER THEIR FRESHMAN YEAR OF COLLEGE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt09756384
IRS990/NetAssetsOrFundBalancesEOYAmt017436297
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt08603852
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt016464029
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt010435
IRS990/OccupancyGrp/ManagementAndGeneralAmt0114723
IRS990/OccupancyGrp/ProgramServicesAmt06037141
IRS990/OccupancyGrp/TotalAmt06162299
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0107102
IRS990/OfficeExpensesGrp/ProgramServicesAmt01645301
IRS990/OfficeExpensesGrp/TotalAmt01752403
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05091034
IRS990/OtherAssetsTotalGrp/EOYAmt04965000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt014499
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0156889
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01458838
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01630226
IRS990/OtherExpensesGrp/Desc0PROFESSIONAL SERVICES
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc3STUDENT NUTRITION
IRS990/OtherExpensesGrp/FundraisingAmt01763
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01373821
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1171165
IRS990/OtherExpensesGrp/ProgramServicesAmt01320271
IRS990/OtherExpensesGrp/ProgramServicesAmt11007926
IRS990/OtherExpensesGrp/ProgramServicesAmt2420586
IRS990/OtherExpensesGrp/ProgramServicesAmt3272759
IRS990/OtherExpensesGrp/TotalAmt02694092
IRS990/OtherExpensesGrp/TotalAmt11180854
IRS990/OtherExpensesGrp/TotalAmt2420586
IRS990/OtherExpensesGrp/TotalAmt3272759
IRS990/OtherLiabilitiesGrp/BOYAmt0969592
IRS990/OtherLiabilitiesGrp/EOYAmt01793900
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt076448
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt076448
IRS990/OtherRevenueTotalAmt076448
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0112100
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01175651
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt011380900
IRS990/OtherSalariesAndWagesGrp/TotalAmt012668651
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt04375000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04375000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt07908
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt086942
IRS990/PayrollTaxesGrp/ProgramServicesAmt0791945
IRS990/PayrollTaxesGrp/TotalAmt0886795
IRS990/PensionPlanContributionsGrp/FundraisingAmt04408
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt047049
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0445274
IRS990/PensionPlanContributionsGrp/TotalAmt0496731
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0356162
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0791035
IRS990/PrincipalOfficerNm0OLIVER SICAT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0FOOD SERVICE SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0370
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0370
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt030929052
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt047097
IRS990/PYOtherExpensesAmt013592988
IRS990/PYOtherRevenueAmt099867
IRS990/PYProgramServiceRevenueAmt021897
IRS990/PYRevenuesLessExpensesAmt0705001
IRS990/PYSalariesCompEmpBnftPaidAmt016799924
IRS990/PYTotalExpensesAmt030392912
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt031097913
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt07679913
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0370
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07535204
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06399457
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/BookValueAmt0426596
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0643634
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01070230
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0962990
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0316811
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01279801
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04965000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CAPITAL CONTRIBUTION
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01790352
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01790352
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01793900
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/TotalBookValueLandBuildingsAmt03179938
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04965000
IRS990ScheduleD/TotalLiabilityAmt01793900
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$33,367,318
Liabilities
$15,931,021
Net assets
$17,436,297
Revenue
$37,749,342
Expenses
$30,069,429
Net income
$7,679,913
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
2021Detailed filing. Detailed filing data is available for this year.$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
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