Civic Intelligence

Ilead California Charters 1

990 • Fiscal year 2016 • EIN 47-4286845

Jul 01, 2015 to Jun 30, 2016 • Filed on Mar 14, 2017

Organization ProfileWWW.ILEADSCHOOLS.ORG
3720 Sierra Way Ste AActon, CA 93510

(800) 925-1502

Siviq Scores

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

Liabilities / Assets

81st percentile

0.68x

Higher debt load relative to assets than 81% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

36th percentile

0.14x

Higher debt load relative to revenue than 36% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

64th percentile

6.7%

Higher net margin than 64% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

14th percentile

$51,568

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Balance Sheet
Liabilities / Assets81st percentile

Assets

$3,858,670

No earlier filing loaded for comparison.

Net Assets

$1,222,811

No earlier filing loaded for comparison.

Liabilities

$2,635,859

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue36th percentileNet Margin64th percentile

Revenue

$18,304,608

No earlier filing loaded for comparison.

Expenses

$17,081,797

No earlier filing loaded for comparison.

Net Income

$1,222,811

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$40M$30M$20M$10M$0Assets 2016: $3,858,670Liabilities 2016: $2,635,859Net Assets 2016: $1,222,8112016Assets 2017: $4,809,073Liabilities 2017: $3,229,691Net Assets 2017: $1,579,3822017Assets 2018: $4,487,049Liabilities 2018: $2,814,032Net Assets 2018: $1,673,0172018Assets 2019: $5,253,367Liabilities 2019: $3,541,738Net Assets 2019: $1,711,6292019Assets 2020: $5,751,028Liabilities 2020: $3,992,479Net Assets 2020: $1,758,5492020Assets 2021: $20,389,401Liabilities 2021: $14,935,385Net Assets 2021: $5,454,0162021Assets 2022: $14,186,440Liabilities 2022: $4,199,034Net Assets 2022: $9,987,4062022Assets 2023: $26,143,095Liabilities 2023: $11,320,234Net Assets 2023: $14,822,8612023Assets 2024: $31,626,863Liabilities 2024: $10,879,686Net Assets 2024: $20,747,1772024

Highlighted filing

2016

Assets$3,858,670
Liabilities$2,635,859
Net Assets$1,222,811
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$60M$40M$20M$0Revenue 2016: $18,304,608Expenses 2016: $17,081,797Net Income 2016: $1,222,8112016Revenue 2017: $23,039,025Expenses 2017: $22,682,454Net Income 2017: $356,5712017Revenue 2018: $27,572,764Expenses 2018: $27,479,129Net Income 2018: $93,6352018Revenue 2019: $29,076,123Expenses 2019: $29,037,511Net Income 2019: $38,6122019Revenue 2020: $34,822,313Expenses 2020: $34,775,393Net Income 2020: $46,9202020Revenue 2021: $46,593,851Expenses 2021: $42,898,384Net Income 2021: $3,695,4672021Revenue 2022: $49,636,662Expenses 2022: $45,314,293Net Income 2022: $4,322,3692022Revenue 2023: $50,503,478Expenses 2023: $45,668,023Net Income 2023: $4,835,4552023Revenue 2024: $56,827,677Expenses 2024: $50,903,361Net Income 2024: $5,924,3162024

Highlighted filing

2016

Revenue$18,304,608
Expenses$17,081,797
Net Income$1,222,811
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 14, 2017
Return Version
2015v3.0
Gross Receipts
$18,304,608
Mission and Program Overview

Mission

The school is a not-for-profit benefit corporation under the laws of the state of california for the purpose of managing and operating public charter schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$3,247,069-
Savings and Temporary Cash Investments-$286,711-
Accounts Receivable-$223,567-
Prepaid Expenses and Deferred Charges-$101,323-
Total Assets$0$3,858,670▲ $3,858,670
Liabilities
Accounts Payable and Accrued Expenses-$1,573,522-
Other Liabilities-$1,062,337-
Total Liabilities$0$2,635,859▲ $2,635,859
Net Assets / Fund Balance
Unrestricted Net Assets-$1,222,811-
Total Net Assets Fund Balance$0$1,222,811▲ $1,222,811
Total Liabilities and Net Assets / Fund Balance$0$3,858,670▲ $3,858,670
Compensation and Service Providers
Top Officer Pay14th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dawn EvensonSchool RepFT$46,458$5,110$51,568
Elizabeth DefrancisTeacher RepFT$17,991$1,979$19,970

Board Members and Trustees

NameTitle
Stephen FromkinFormer Presi
Dr Patrick HillMember
Mark ChandlerMember
Wendy RuizSecretary
John VescovoTreas/acting

Highest Paid Contractors

ContractorServicesLocationCompensation
Academy Of Art & SciencesRental850 HAMPSHIRE ROAD SUITE C, Thousand Oaks, CA 91361$143,990
Boys And Girls Club Of San FernandoRental11251 GLENOAKS BLVD, Pacoima, CA 91331$130,500
Revenue and Support

Revenue Composition

Contributions and Grants
$18,283,123
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$21,485
All Other Contributions
$395,000
Change in Net Assets
$1,222,811

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,304,608
Total Revenue per Audited Statements
$18,304,608
Total Revenue per Form 990
$18,304,608
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,143,689
Other Expenses$7,938,108
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,209,096--$7,209,096
Fees for Services Management-$2,208,096-$2,208,096
Fees for Services Other$1,557,394$635,092-$2,192,486
Occupancy$1,443,612--$1,443,612
Other Employee Benefits$1,102,760--$1,102,760
Pension Plan Contributions$463,753--$463,753
Payroll Taxes$276,572--$276,572
Current Officers, Directors, Trustees, and Key Employees$91,508--$91,508
Fees for Services Legal-$89,160-$89,160
Information Technology$82,587--$82,587
Advertising-$66,756-$66,756
Office Expenses$14,977$42,767-$57,744
Insurance-$37,612-$37,612
Travel$10,143$7,089-$17,232
Other Expenses$15,455$270,164-$15,455
Total Functional Expenses$13,725,061$3,356,736$0$17,081,797

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$17,081,797
Total Expenses per Audited Statements$17,081,797
Total Expenses per Form 990$17,081,797
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
Factored Receivable Liability$1,062,337
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“The charter school is a member of a charter management organization - ilead school development. They pay management fees and share some paid employees. See schedule r for more information.”

Form 990, Page 6, Part VI, Line 11B

“A copy of the form 990 is presented to the board for comments and/or approval prior to filing the form.”

Form 990, Page 6, Part VI, Line 12C

“The officers, directors, and trustees all sign the conflict of interest policy on an annual basis.”

Form 990, Page 6, Part VI, Line 19

“The documents are readily available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Ilead California Charters 1
EIN
47-4286845
Phone
8009251502
Address
3720 SIERRA WAY STE A, ACTON, CA 93510

Signing Officer

Name
John Vescovo
Title
Treas/acting Pres
Phone
8009251502
Signed
2017-03-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Vescovo
Formed
2015
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
5
Employees
210

Preparer

Firm
Vicenti Lloyd & Stutzman
Address
2210 E ROUTE 66 STE 100, GLENDORA, CA 91740-4676
Preparer
Wade Mcmullen CPA
Phone
6268577300
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other fees 1,557,394 635,092 0”

Financial Statement Notes

Schedule D, Page 3, Part X

“The school is a non-profit entity exempt from the payment of income taxes under internal revenue code section 501(c)(3) and california revenue and taxation code section 23701d. Accordingly, no provision has been made for income taxes. Management has determined that all income tax positions are more likely than not of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required. The school files informational returns in the u.s. Federal jurisdiction, and the state of california. The statute of limitations for federal and california state purposes is generally three and four years, respectively.”

Raw XML Appendix393 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01573522
IRS990/AccountsReceivableGrp/EOYAmt0223567
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE SCHOOL IS A NOT-FOR-PROFIT BENEFIT CORPORATION UNDER THE LAWS OF THE STATE OF CALIFORNIA FOR THE PURPOSE OF MANAGING AND OPERATING PUBLIC CHARTER SCHOOLS.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt066756
IRS990/AdvertisingGrp/TotalAmt066756
IRS990/AllOtherContributionsAmt0395000
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0PAT LONCARIC
IRS990/BooksInCareOfDetail/PhoneNum06617224287
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03720 SIERRA HIGHWAY
IRS990/BooksInCareOfDetail/USAddress/AddressLine2Txt0SUITE A
IRS990/BooksInCareOfDetail/USAddress/CityNm0ACTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd093510
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt02
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt091508
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt091508
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0143990
IRS990/ContractorCompensationGrp/CompensationAmt1130500
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0850 HAMPSHIRE ROAD SUITE C
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt111251 GLENOAKS BLVD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0THOUSAND OAKS
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1PACOIMA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd091361
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd191331
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0ACADEMY OF ART & SCIENCES
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1BOYS AND GIRLS CLUB OF SAN FERNANDO
IRS990/ContractorCompensationGrp/ServicesDesc0RENTAL
IRS990/ContractorCompensationGrp/ServicesDesc1RENTAL
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt018283123
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt07938108
IRS990/CYOtherRevenueAmt021485
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt01222811
IRS990/CYSalariesCompEmpBnftPaidAmt09143689
IRS990/CYTotalExpensesAmt017081797
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt018304608
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/Desc0OPERATE A CALIFORNIA CHARTER SCHOOL.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0210
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt013725061
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt089160
IRS990/FeesForServicesLegalGrp/TotalAmt089160
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt02208096
IRS990/FeesForServicesManagementGrp/TotalAmt02208096
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0635092
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt01557394
IRS990/FeesForServicesOtherGrp/TotalAmt02192486
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
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/OtherCompensationAmt05110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt11979
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0DAWN EVENSON
IRS990/Form990PartVIISectionAGrp/PersonNm1ELIZABETH DEFRANCIS
IRS990/Form990PartVIISectionAGrp/PersonNm2STEPHEN FROMKIN
IRS990/Form990PartVIISectionAGrp/PersonNm3JOHN VESCOVO
IRS990/Form990PartVIISectionAGrp/PersonNm4WENDY RUIZ
IRS990/Form990PartVIISectionAGrp/PersonNm5MARK CHANDLER
IRS990/Form990PartVIISectionAGrp/PersonNm6DR PATRICK HILL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt046458
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt117991
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0SCHOOL REP
IRS990/Form990PartVIISectionAGrp/TitleTxt1TEACHER REP
IRS990/Form990PartVIISectionAGrp/TitleTxt2FORMER PRESI
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREAS/ACTING
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02015
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt017888123
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt018304608
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt082587
IRS990/InformationTechnologyGrp/TotalAmt082587
IRS990/InitialReturnInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt037612
IRS990/InsuranceGrp/TotalAmt037612
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt093
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE SCHOOL IS A NOT-FOR-PROFIT BENEFIT CORPORATION UNDER THE LAWS OF THE STATE OF CALIFORNIA FOR THE PURPOSE OF MANAGING AND OPERATING PUBLIC CHARTER SCHOOLS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesEOYAmt01222811
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt01443612
IRS990/OccupancyGrp/TotalAmt01443612
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt042767
IRS990/OfficeExpensesGrp/ProgramServicesAmt014977
IRS990/OfficeExpensesGrp/TotalAmt057744
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01102760
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01102760
IRS990/OtherExpensesGrp/Desc0INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc1FACTORING FEES
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0270164
IRS990/OtherExpensesGrp/ProgramServicesAmt01457204
IRS990/OtherExpensesGrp/ProgramServicesAmt115455
IRS990/OtherExpensesGrp/TotalAmt01457204
IRS990/OtherExpensesGrp/TotalAmt1270164
IRS990/OtherExpensesGrp/TotalAmt215455
IRS990/OtherLiabilitiesGrp/EOYAmt01062337
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt021485
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt021485
IRS990/OtherRevenueTotalAmt021485
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt07209096
IRS990/OtherSalariesAndWagesGrp/TotalAmt07209096
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt0276572
IRS990/PayrollTaxesGrp/TotalAmt0276572
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0463753
IRS990/PensionPlanContributionsGrp/TotalAmt0463753
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt03247069
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0101323
IRS990/PrincipalOfficerNm0JOHN VESCOVO
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01222811
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0286711
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt017081797
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01062337
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FACTORED RECEIVABLE LIABILITY
IRS990ScheduleD/RevenueSubtotalAmt018304608
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS A NON-PROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE SCHOOL FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION, AND THE STATE OF CALIFORNIA. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalExpensesPerForm990Amt017081797
IRS990ScheduleD/TotalLiabilityAmt01062337
IRS990ScheduleD/TotalRevenuePerForm990Amt018304608
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt018304608
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt017081797
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE CHARTER MAKES ITS NONDISCRIMINATORY POLICY KNOWN THROUGH ITS WEBSITE AND ON THE STUDENTS APPLICATIONS. THE CHARTER DRAWS ITS STUDENTS FROM THE LOCAL COMMUNITY, AND CURRENTLY ENROLLS STUDENTS FROM VARIOUS RACIAL MINORITY GROUPS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE CHARTER DOES NOT PROVIDE ANY SCHOLARSHIPS OR FINANCIAL ASSISTANCE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION IS A PUBLIC CHARTER SCHOOL PRINCIPALLY FUNDED BY CALIFORNIA AND FEDERAL MONIES RECEIVED THROUGH THE CALIFORNIA DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CHARTER SCHOOL IS A MEMBER OF A CHARTER MANAGEMENT ORGANIZATION - ILEAD SCHOOL DEVELOPMENT. THEY PAY MANAGEMENT FEES AND SHARE SOME PAID EMPLOYEES. SEE SCHEDULE R FOR MORE INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS PRESENTED TO THE BOARD FOR COMMENTS AND/OR APPROVAL PRIOR TO FILING THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE OFFICERS, DIRECTORS, AND TRUSTEES ALL SIGN THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DOCUMENTS ARE READILY AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER FEES 1,557,394 635,092 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ILEAD SCHOOLS DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0462125742
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUPPORT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt011A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt03720 SIERRA HWY 7 UNIT A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ACTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd093510
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt02208096
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV CONTRACT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0ILEAD SCHOOLS DEVELOPMENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsEOYAmt03858670
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt03858670
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt018283123
IRS990/TotalEmployeeCnt0210
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03356736
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt013725061
IRS990/TotalFunctionalExpensesGrp/TotalAmt017081797
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt02635859
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt02635859
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01222811
IRS990/TotalOtherCompensationAmt07089
IRS990/TotalProgramServiceExpensesAmt013725061
IRS990/TotalReportableCompFromOrgAmt064449
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt021485
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt018304608
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03858670
IRS990/TravelGrp/ManagementAndGeneralAmt07089
IRS990/TravelGrp/ProgramServicesAmt010143
IRS990/TravelGrp/TotalAmt017232
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01222811
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03720 SIERRA HWY SUITE A
IRS990/USAddress/CityNm0ACTON
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd093510
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.ILEADSCHOOLS.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN VESCOVO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREAS/ACTING PRES
ReturnHeader/BusinessOfficerGrp/PhoneNum08009251502
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ILEAD CALIFORNIA CHARTERS 1
ReturnHeader/Filer/BusinessNameControlTxt0ILEA
ReturnHeader/Filer/EIN0474286845
ReturnHeader/Filer/PhoneNum08009251502
ReturnHeader/Filer/USAddress/AddressLine1Txt03720 SIERRA WAY STE A
ReturnHeader/Filer/USAddress/CityNm0ACTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd093510
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0952242818
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VICENTI LLOYD & STUTZMAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02210 E ROUTE 66 STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLENDORA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0917404676
ReturnHeader/PreparerPersonGrp/PhoneNum06268577300
ReturnHeader/PreparerPersonGrp/PreparationDt02017-04-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WADE MCMULLEN CPA
ReturnHeader/ReturnTs02017-04-10T16:28:54+00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,858,670
Liabilities
$2,635,859
Net assets
$1,222,811
Revenue
$18,304,608
Expenses
$17,081,797
Net income
$1,222,811
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$31.6$10.9$20.7$56.8$50.9$5.92
2023Detailed filing. Detailed filing data is available for this year.$26.1$11.3$14.8$50.5$45.7$4.84
2022Detailed filing. Detailed filing data is available for this year.$14.2$4.20$9.99$49.6$45.3$4.32
2021Detailed filing. Detailed filing data is available for this year.$20.4$14.9$5.45$46.6$42.9$3.70
2020Detailed filing. Detailed filing data is available for this year.$5.75$3.99$1.76$34.8$34.8$0.05
2019Detailed filing. Detailed filing data is available for this year.$5.25$3.54$1.71$29.1$29.0$0.04
2018Detailed filing. Detailed filing data is available for this year.$4.49$2.81$1.67$27.6$27.5$0.09
2017Detailed filing. Detailed filing data is available for this year.$4.81$3.23$1.58$23.0$22.7$0.36
2016Detailed filing. Detailed filing data is available for this year.$3.86$2.64$1.22$18.3$17.1$1.22