Civic Intelligence

Ednovate Inc.

990 • Fiscal year 2022 • EIN 45-4005918

Jul 01, 2021 to Jun 30, 2022 • Filed on May 13, 2023

Organization ProfileWWW.EDNOVATE.ORG

View Organization Page

350 S Figueroa Street 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

62nd percentile

0.37x

Higher debt load relative to assets than 62% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

46th percentile

0.29x

Higher debt load relative to revenue than 46% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Net Margin

67th percentile

15%

Higher net margin than 67% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$292,923

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Asset Growth

83rd percentile

19%

Faster asset growth than 83% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

83rd percentile

33%

Faster revenue growth than 83% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$39,618,009

Up $6,250,691 (+19%) from 2021

Net Assets

Up

$24,822,963

Up $7,386,666 (+42%) from 2021

Liabilities

Down

$14,795,046

Down $1,135,975 (-7.1%) from 2021

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin67th percentile

Revenue

Up

$50,209,560

Up $12,460,218 (+33%) from 2021

Expenses

Up

$42,822,894

Up $12,753,465 (+42%) from 2021

Net Income

Down

$7,386,666

Down $293,247 (-3.8%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth83rd 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

2022

Assets$39,618,009
Liabilities$14,795,046
Net Assets$24,822,963
Open 2022 Filing

Operations Trend

Revenue Growth83rd 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

2022

Revenue$50,209,560
Expenses$42,822,894
Net Income$7,386,666
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 13, 2023
Return Version
2021v4.2
Gross Receipts
$50,209,560
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$6,399,457$15,920,656▲ $9,521,199
Accounts Receivable$13,656,888$11,424,000▼ $2,232,888
Other Notes and Loans Receivable, Net$4,375,000$4,375,000→ $0
Land, Buildings, and Equipment, Net$3,179,938$1,654,939▼ $1,524,999
Prepaid Expenses and Deferred Charges$791,035$631,714▼ $159,321
Total Assets$33,367,318$39,618,009▲ $6,250,691
Other Assets Total$4,965,000$5,611,700▲ $646,700
Liabilities
Accounts Payable and Accrued Expenses$3,096,994$5,116,316▲ $2,019,322
Unsecured Notes Loans Payable$9,864,032$4,589,790▼ $5,274,242
Deferred Revenue$1,176,095$2,664,880▲ $1,488,785
Other Liabilities$1,793,900$2,424,060▲ $630,160
Total Liabilities$15,931,021$14,795,046▼ $1,135,975
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,464,029$23,916,451▲ $7,452,422
Net Assets With Donor Restrictions$972,268$906,512▼ $65,756
Total Net Assets Fund Balance$17,436,297$24,822,963▲ $7,386,666
Total Liabilities and Net Assets / Fund Balance$33,367,318$39,618,009▲ $6,250,691

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$330,461$782,722$1,113,183
Leasehold Improvements$659,533$242,156$901,689
Buildings$527,827$180,703$708,530
Other Land Buildings$137,118-$137,118
Other Assets Org$5,611,700--
Compensation and Service Providers
Top Officer Pay39th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Oliver SicatChief Executive OfficerFT$278,611$14,312$292,923
Jesse Sage NoonanChief Academic OfficerFT$203,419$15,622$219,041
Olumide MacaulayChief of SchoolsFT$189,719$9,312$199,031
Katherine HartChief Operating OfficerFT$180,395$18,248$198,643
Kara MaguireChief of StaffFT$185,181$12,481$197,662
Rosa AlanisPrincipal, Esperanza ColleFT$149,594$15,442$165,036
Evelyn CastroPrincipal, Legacy CollegeFT$146,234$9,594$155,828
Gomigi SiaControllerFT$136,985$12,469$149,454
Matthew DuceyHuman Resources DirectorFT$133,846$11,702$145,548

Board Members and Trustees

NameTitle
Pauline FischerChair
Kyle GossCFO
Karen GallagherMember
Kate HirshMember
Marcia AaronMember
Michael PorterMember
Tammara AndersonMember
Elliot SainerSecretary and Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
350 Figueroa LLCRent350 S FIGUEROA ST STE 140, Los Angeles, CA 90071$519,101
Wilshire PropertiesRent611 WILSHIRE BLVD 810, Los Angeles, CA 90017$299,335
Mds Advisors Consulting Group LLCAdvisory155 EASTBOURNE RD, Newton, MA 02459$112,018
Revenue and Support

Revenue Composition

Contributions and Grants
$49,991,897
Program Service Revenue
$0
Investment Income
$45,652
Other Revenue
$172,011
All Other Contributions
$2,300,863
Change in Net Assets
$7,386,666
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$22,690,620
Salaries, Compensation, and Employee Benefits$20,132,274
Total Fundraising Expense$172,954
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$14,157,065$1,737,763$115,377$16,010,205
Occupancy$7,875,965$188,304$12,795$8,077,064
Other Employee Benefits$1,526,509$186,830$12,603$1,725,942
Office Expenses$1,060,756$559,750-$1,620,506
Payroll Taxes$1,003,144$122,582$8,340$1,134,066
Current Officers, Directors, Trustees, and Key Employees$841,317$94,530$9,453$945,300
Other Expenses$610,496$202,066$11,484$812,562
Pension Plan Contributions$280,077$34,410$2,274$316,761
Advertising-$308,184-$308,184
Insurance-$293,143-$293,143
Depreciation Depletion$235,270$9,238$628$245,136
Interest-$96,158-$96,158
Travel$66,648$18,811-$85,459
Total Functional Expenses$37,258,945$5,390,995$172,954$42,822,894
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$2,424,060
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 250, LOS ANGELES, CA 90071

Signing Officer

Name
Kyle Goss
Title
CFO
Phone
2134540599
Signed
2023-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kyle Goss
Formed
2011
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
297
Volunteers
7

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 696 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/BOYAmt03096994
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt05116316
IRS990/AccountsReceivableGrp/BOYAmt013656888
IRS990/AccountsReceivableGrp/EOYAmt011424000
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0EDNOVATE, INC. OPERATES SIX HIGH QUALITY CALIFORNIA PUBLIC CHARTER HIGH SCHOOLS.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0308184
IRS990/AdvertisingGrp/TotalAmt0308184
IRS990/AllOtherContributionsAmt02300863
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/CntrctRcvdGreaterThan100KCnt03
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt09453
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt094530
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0841317
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0945300
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContractorCompensationGrp/CompensationAmt0519101
IRS990/ContractorCompensationGrp/CompensationAmt1299335
IRS990/ContractorCompensationGrp/CompensationAmt2112018
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0350 S FIGUEROA ST STE 140
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1611 WILSHIRE BLVD 810
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2155 EASTBOURNE RD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0LOS ANGELES
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1LOS ANGELES
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2NEWTON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2MA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd090071
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd190017
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd202459
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0350 FIGUEROA LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1WILSHIRE PROPERTIES
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2MDS ADVISORS CONSULTING GROUP LLC
IRS990/ContractorCompensationGrp/ServicesDesc0RENT
IRS990/ContractorCompensationGrp/ServicesDesc1RENT
IRS990/ContractorCompensationGrp/ServicesDesc2ADVISORY
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt049991897
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt045652
IRS990/CYOtherExpensesAmt022690620
IRS990/CYOtherRevenueAmt0172011
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt07386666
IRS990/CYSalariesCompEmpBnftPaidAmt020132274
IRS990/CYTotalExpensesAmt042822894
IRS990/CYTotalFundraisingExpenseAmt0172954
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt050209560
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt01176095
IRS990/DeferredRevenueGrp/EOYAmt02664880
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/FundraisingAmt0628
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt09238
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0235270
IRS990/DepreciationDepletionGrp/TotalAmt0245136
IRS990/Desc0EDNOVATE, INC. SERVED APPROXIMATELY 2300 STUDENTS & OFFERED 178 INSTRUCTIONAL DAYS IN THE 2021-22 FISCAL YEAR.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0972268
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0906512
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt0297
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt037258945
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt161.00
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/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt014312
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt115622
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt29312
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt318248
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt415442
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt59594
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt612469
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt711702
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1512481
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/PersonNm0OLIVER SICAT
IRS990/Form990PartVIISectionAGrp/PersonNm1JESSE SAGE NOONAN
IRS990/Form990PartVIISectionAGrp/PersonNm2OLUMIDE MACAULAY
IRS990/Form990PartVIISectionAGrp/PersonNm3KATHERINE HART
IRS990/Form990PartVIISectionAGrp/PersonNm4ROSA ALANIS
IRS990/Form990PartVIISectionAGrp/PersonNm5EVELYN CASTRO
IRS990/Form990PartVIISectionAGrp/PersonNm6GOMIGI SIA
IRS990/Form990PartVIISectionAGrp/PersonNm7MATTHEW DUCEY
IRS990/Form990PartVIISectionAGrp/PersonNm8KYLE GOSS
IRS990/Form990PartVIISectionAGrp/PersonNm9PAULINE FISCHER
IRS990/Form990PartVIISectionAGrp/PersonNm10ELLIOT SAINER
IRS990/Form990PartVIISectionAGrp/PersonNm11MARCIA AARON
IRS990/Form990PartVIISectionAGrp/PersonNm12KATE HIRSH
IRS990/Form990PartVIISectionAGrp/PersonNm13TAMMARA ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm14MICHAEL PORTER
IRS990/Form990PartVIISectionAGrp/PersonNm15KARA MAGUIRE
IRS990/Form990PartVIISectionAGrp/PersonNm16KAREN GALLAGHER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0278611
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1203419
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2189719
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3180395
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4149594
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5146234
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6136985
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7133846
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15185181
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
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/TitleTxt0CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHIEF ACADEMIC OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHIEF OF SCHOOLS
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRINCIPAL, ESPERANZA COLLE
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRINCIPAL, LEGACY COLLEGE
IRS990/Form990PartVIISectionAGrp/TitleTxt6CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt7HUMAN RESOURCES DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY AND TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15CHIEF OF STAFF
IRS990/Form990PartVIISectionAGrp/TitleTxt16MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt047691034
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt050209560
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt019
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0293143
IRS990/InsuranceGrp/TotalAmt0293143
IRS990/InterestGrp/ManagementAndGeneralAmt096158
IRS990/InterestGrp/TotalAmt096158
IRS990/InvestmentIncomeGrp/ExclusionAmt045652
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt045652
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt0100
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01205581
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03179938
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01654939
IRS990/LandBldgEquipCostOrOtherBssAmt02860520
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/NetAssetsOrFundBalancesBOYAmt017436297
IRS990/NetAssetsOrFundBalancesEOYAmt024822963
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt016464029
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt023916451
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt012795
IRS990/OccupancyGrp/ManagementAndGeneralAmt0188304
IRS990/OccupancyGrp/ProgramServicesAmt07875965
IRS990/OccupancyGrp/TotalAmt08077064
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0559750
IRS990/OfficeExpensesGrp/ProgramServicesAmt01060756
IRS990/OfficeExpensesGrp/TotalAmt01620506
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04965000
IRS990/OtherAssetsTotalGrp/EOYAmt05611700
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt012603
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0186830
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01526509
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01725942
IRS990/OtherExpensesGrp/Desc0PROFESSIONAL SERVICES
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc3STUDENT NUTRITION
IRS990/OtherExpensesGrp/FundraisingAmt011484
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01062265
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1476961
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2202066
IRS990/OtherExpensesGrp/ProgramServicesAmt04719424
IRS990/OtherExpensesGrp/ProgramServicesAmt13792651
IRS990/OtherExpensesGrp/ProgramServicesAmt21089623
IRS990/OtherExpensesGrp/ProgramServicesAmt3610496
IRS990/OtherExpensesGrp/TotalAmt05781689
IRS990/OtherExpensesGrp/TotalAmt14281096
IRS990/OtherExpensesGrp/TotalAmt21089623
IRS990/OtherExpensesGrp/TotalAmt3812562
IRS990/OtherLiabilitiesGrp/BOYAmt01793900
IRS990/OtherLiabilitiesGrp/EOYAmt02424060
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt0172011
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0172011
IRS990/OtherRevenueTotalAmt0172011
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0115377
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01737763
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt014157065
IRS990/OtherSalariesAndWagesGrp/TotalAmt016010205
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt04375000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04375000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt08340
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0122582
IRS990/PayrollTaxesGrp/ProgramServicesAmt01003144
IRS990/PayrollTaxesGrp/TotalAmt01134066
IRS990/PensionPlanContributionsGrp/FundraisingAmt02274
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt034410
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0280077
IRS990/PensionPlanContributionsGrp/TotalAmt0316761
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0791035
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0631714
IRS990/PrincipalOfficerNm0KYLE GOSS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt037627577
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt044947
IRS990/PYOtherExpensesAmt013520886
IRS990/PYOtherRevenueAmt076448
IRS990/PYProgramServiceRevenueAmt0370
IRS990/PYRevenuesLessExpensesAmt07679913
IRS990/PYSalariesCompEmpBnftPaidAmt016548543
IRS990/PYTotalExpensesAmt030069429
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt037749342
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt07386666
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06399457
IRS990/SavingsAndTempCashInvstGrp/EOYAmt015920656
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/BookValueAmt0527827
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0180703
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0708530
IRS990ScheduleD/EquipmentGrp/BookValueAmt0330461
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0782722
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01113183
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0659533
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0242156
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0901689
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05611700
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CAPITAL CONTRIBUTION
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0137118
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0137118
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02424060
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/TotalBookValueLandBuildingsAmt01654939
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05611700
IRS990ScheduleD/TotalLiabilityAmt02424060
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$39,618,009
Liabilities
$14,795,046
Net assets
$24,822,963
Revenue
$50,209,560
Expenses
$42,822,894
Net income
$7,386,666
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
2022Detailed filing. Detailed filing data is available for this year.$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
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