Civic Intelligence

King Chavez Academy of Excellence

EIN 91-2146810 • 501(c)3 • San Diego, CA

Profile

King-chavez neighborhood of schools (kcns) is comprised of 5 public charter schools located within the historic barrio district and downtown neighborhoods of san diego. At king-chavez schools educating students involves more than the mastery of daily lessions, an unwavering personal investment is made in every student in every school, rooted from a foundation of love.

2260 Island AveSan Diego, CA 92102

www.kingchavez.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

73rd percentile

0.50x

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

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

0.62x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

38th percentile

0.7%

Higher net margin than 38% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

59th percentile

$300,188

Higher top officer pay than 59% of similar nonprofits.

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

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

21st percentile

-2.6%

Faster asset growth than 21% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

47th percentile

6.4%

Faster revenue growth than 47% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Down

$37,003,060

Down $980,746 (-2.6%) from 2023

Liabilities

Down

$18,430,839

Down $1,198,704 (-6.1%) from 2023

Net Assets

Up

$18,572,221

Up $217,958 (+1.2%) from 2023

Revenue

Up

$29,592,404

Up $1,771,334 (+6.4%) from 2023

Expenses

Up

$29,374,446

Up $2,533,170 (+9.4%) from 2023

Net Income

Down

$217,958

Down $761,836 (-78%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2011: $4,725,130Liabilities 2011: $3,109,655Net Assets 2011: $1,615,4752011Assets 2012: $7,022,530Liabilities 2012: $5,380,554Net Assets 2012: $1,641,9762012Assets 2013: $7,338,673Liabilities 2013: $5,945,078Net Assets 2013: $1,393,5952013Assets 2014: $5,370,128Liabilities 2014: $3,067,714Net Assets 2014: $2,302,4142014Assets 2015: $12,088,047Liabilities 2015: $10,214,438Net Assets 2015: $1,873,6092015Assets 2016: $18,382,738Liabilities 2016: $12,547,347Net Assets 2016: $5,835,3912016Assets 2017: $19,845,175Liabilities 2017: $12,921,400Net Assets 2017: $6,923,7752017Assets 2018: $22,295,891Liabilities 2018: $14,398,113Net Assets 2018: $7,897,7782018Assets 2019: $23,648,706Liabilities 2019: $13,711,809Net Assets 2019: $9,936,8972019Assets 2020: $23,118,162Liabilities 2020: $12,404,469Net Assets 2020: $10,713,6932020Assets 2021: $28,110,310Liabilities 2021: $12,300,200Net Assets 2021: $15,810,1102021Assets 2022: $30,208,362Liabilities 2022: $12,833,893Net Assets 2022: $17,374,4692022Assets 2023: $37,983,806Liabilities 2023: $19,629,543Net Assets 2023: $18,354,2632023Assets 2024: $37,003,060Liabilities 2024: $18,430,839Net Assets 2024: $18,572,2212024

Highlighted filing

2024

Assets$37,003,060
Liabilities$18,430,839
Net Assets$18,572,221

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MRevenue 2011: $15,885,739Expenses 2011: $15,694,317Net Income 2011: $191,4222011Revenue 2012: $17,682,876Expenses 2012: $17,632,403Net Income 2012: $50,4732012Revenue 2013: $18,469,551Expenses 2013: $18,717,932Net Income 2013: -$248,3812013Revenue 2014: $19,061,982Expenses 2014: $18,146,048Net Income 2014: $915,9342014Revenue 2015: $20,032,005Expenses 2015: $19,584,451Net Income 2015: $447,5542015Revenue 2016: $24,521,612Expenses 2016: $20,855,230Net Income 2016: $3,666,3822016Revenue 2017: $23,723,640Expenses 2017: $22,533,296Net Income 2017: $1,190,3442017Revenue 2018: $25,231,487Expenses 2018: $24,257,484Net Income 2018: $974,0032018Revenue 2019: $25,019,368Expenses 2019: $22,980,249Net Income 2019: $2,039,1192019Revenue 2020: $22,102,362Expenses 2020: $21,226,274Net Income 2020: $876,0882020Revenue 2021: $25,057,000Expenses 2021: $19,960,583Net Income 2021: $5,096,4172021Revenue 2022: $26,221,691Expenses 2022: $24,657,332Net Income 2022: $1,564,3592022Revenue 2023: $27,821,070Expenses 2023: $26,841,276Net Income 2023: $979,7942023Revenue 2024: $29,592,404Expenses 2024: $29,374,446Net Income 2024: $217,9582024

Highlighted filing

2024

Revenue$29,592,404
Expenses$29,374,446
Net Income$217,958

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$37.0$18.4$18.6$29.6$29.4$0.22
2023Detailed filing. Detailed filing data is available for this year.$38.0$19.6$18.4$27.8$26.8$0.98
2022Detailed filing. Detailed filing data is available for this year.$30.2$12.8$17.4$26.2$24.7$1.56
2021Detailed filing. Detailed filing data is available for this year.$28.1$12.3$15.8$25.1$20.0$5.10
2020Detailed filing. Detailed filing data is available for this year.$23.1$12.4$10.7$22.1$21.2$0.88
2019Detailed filing. Detailed filing data is available for this year.$23.6$13.7$9.94$25.0$23.0$2.04
2018Detailed filing. Detailed filing data is available for this year.$22.3$14.4$7.90$25.2$24.3$0.97
2017Detailed filing. Detailed filing data is available for this year.$19.8$12.9$6.92$23.7$22.5$1.19
2016Detailed filing. Detailed filing data is available for this year.$18.4$12.5$5.84$24.5$20.9$3.67
2015Summary only. Only limited summary data is available for this year.$12.1$10.2$1.87$20.0$19.6$0.45
2014Summary only. Only limited summary data is available for this year.$5.37$3.07$2.30$19.1$18.1$0.92
2013Summary only. Only limited summary data is available for this year.$7.34$5.95$1.39$18.5$18.7$0.25
2012Summary only. Only limited summary data is available for this year.$7.02$5.38$1.64$17.7$17.6$0.05
2011Summary only. Only limited summary data is available for this year.$4.73$3.11$1.62$15.9$15.7$0.19
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 18, 2025
Return Version
2023v6.0
Gross Receipts
$29,592,404
Mission and Program Overview

Mission

King-chavez academy of excellence is an independent 501(c)(3) non-profit school network operator. The mission is simple, "we seek excellence in academics, the arts and athletics from the foundation of love." the vision of king-chavez neighborhood of schools commits to promoting social justice through educational reform while closing the achievement gap between students in the inner-city of san diego who have been traditionally inder-served and their suburban counterparts. This is done through developing and operating high-quality public charter and community preschools.

King-chavez neighborhood of schools is a family of five free public charter schools, serving students from tk through 12th grade. The mission of kcns is simple, yet powerful. We seek excellence in academics, arts, and athletics from the foundation of love.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$20,745,971$21,979,446▲ $1,233,475
Land, Buildings, and Equipment, Net$8,950,020$7,973,356▼ $976,664
Accounts Receivable$3,745,073$3,186,881▼ $558,192
Investments Other Securities$1,501,611$1,685,615▲ $184,004
Prepaid Expenses and Deferred Charges$548,123$384,203▼ $163,920
Total Assets$37,983,806$37,003,060▼ $980,746
Other Assets Total$2,493,008$1,793,559▼ $699,449
Liabilities
Tax Exempt Bond Liabilities$8,349,581$8,206,025▼ $143,556
Deferred Revenue$6,678,942$5,150,020▼ $1,528,922
Accounts Payable and Accrued Expenses$2,154,517$3,364,145▲ $1,209,628
Other Liabilities$2,446,503$1,710,649▼ $735,854
Total Liabilities$19,629,543$18,430,839▼ $1,198,704
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$18,354,263$18,572,221▲ $217,958
Total Net Assets Fund Balance$18,354,263$18,572,221▲ $217,958
Total Liabilities and Net Assets / Fund Balance$37,983,806$37,003,060▼ $980,746

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,110,357$5,572,376$9,682,733
Land$3,466,736-$3,466,736
Equipment$396,263$1,689,611$2,085,874
Other Land Buildings$0$40,000$40,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cynthia KelleyCEOFT$253,874$46,314$300,188
Laura MayCAOFT$208,904$25,487$234,391
Shelley BacaPrincipalFT$120,249$20,582$140,831
Jorge CollinsPrincipalFT$121,459$16,549$138,008
Desiree SullivanPrincipalFT$122,738$12,285$135,023
Matthew MasonPrincipalFT$125,443$6,533$131,976
Gerardo GuevaraPrincipalFT$127,378-$127,378

Board Members and Trustees

NameTitle
Timothy WolfPresident
David MasseyMember
Jackie HoMember
Judith GarciaMember
Joe ArnoldTreasurer/secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Boys & Girls Clubs Of Greater San DiegoSummer Membership For StudentsPO BOX 178569, San Diego, CA 92177$734,965
Cdw-governmentTechnology Equipment75 REMITTANCE DR, Chicago, IL 60675$611,370
Sound Therapies INCSpeech And Language Services3327 FERNSIDE BLVD, Alameda, CA 94501$248,823
Charter School Management CorporationBack Office Services43460 RIDGE PARK DRIVE 100, Temecula, CA 92590$205,000
Dc Cleaning LLCJanitorial Services6152 ALBEMARLE ST, San Diego, CA 92139$113,385
Revenue and Support

Revenue Composition

Contributions and Grants
$28,726,581
Program Service Revenue
$0
Investment Income
$795,849
Other Revenue
$69,974
All Other Contributions
$314,700
Change in Net Assets
$217,958

Audited Revenue Reconciliation

Revenue per Audited Statements
$29,592,404
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$29,592,404
Total Revenue per Form 990
$29,592,404
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$19,641,410
Other Expenses$9,733,036
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,983,143$2,011,582-$12,994,725
Payroll Taxes$4,602,692$122,624-$4,725,316
Fees for Services Other$2,772,923$166,242-$2,939,165
Other Employee Benefits$1,200,744$77,527-$1,278,271
Depreciation Depletion$878,527$170,768-$1,049,295
Occupancy$747,504$131,343-$878,847
Current Officers, Directors, Trustees, and Key Employees$546,633$96,465-$643,098
Interest$1,672$576,815-$578,487
All Other Expenses$435,532$33,223-$468,755
Information Technology$377,572$12,275-$389,847
Other Expenses$258,882$21,408-$280,290
Insurance$152,024$27,796-$179,820
Fees for Services Legal$110,962$157-$111,119
Travel$91,753$14,524-$106,277
Fees for Services Accounting$51,411$1,089-$52,500
Advertising$9,251$1,647-$10,898
Total Functional Expenses$25,699,214$3,675,232$0$29,374,446

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$29,374,446
Total Expenses per Audited Statements$29,374,446
Total Expenses per Form 990$29,374,446
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$1,710,649

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACA Municipal Finance2016-05-11$11,521,681Refunding and improvement

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$11,521,681$9,838,430$3,940,421$218,100

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
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 a committee with authority to act on its behalf

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the management and is made available to all board members prior to filing of the tax return.

Form 990, Part VI, Section B, Line 12C

Officers, directors and key employees are required to disclose annually, potential conflict of interest on form 700. If a conflict arises the board member is asked to excuse himself/herself from all discussion and voting on the issue.

Form 990, Part VI, Section B, Line 15

The compensation for the ceo is set by the board of directors. Compensation for all other employees is determined by the ceo.

Form 990, Part VI, Section C, Line 19

All governing documents and tax returns are maintained at the corporate office and available upon request.

Form 990 Part VII Section A Column F

The organization participates in the public employee retirement system of california and state teachers retirement system, defined benefit plans, due to the size and varied participants in this plan the actuarial value is not calculated on a per employee basis. No amount is included in column f for a reasonable estimate of the increase in actuarial value.

Filing and Contact Details

Filer

Filer Name
King Chavez Academy of Excellence
EIN
91-2146810
Phone
6192322825
Address
2260 ISLAND AVE, SAN DIEGO, CA 92102

Signing Officer

Name
Cynthia Kelley
Title
CEO
Phone
6192322825
Signed
2025-03-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cynthia Kelley
Formed
1999
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
248
Volunteers
50

Preparer

Firm
Eide Bailly Llp
Address
10681 FOOTHILL BLVD STE 300, RANCHO CUCAMONGA, CA 91730-3831
Preparer
Catherine L Gray CPA
Phone
9094664410
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consultants: program service expenses 1,092,213. Management and general expenses 144,689. Fundraising expenses 0. Total expenses 1,236,902. Security: program service expenses 3,420. Management and general expenses 1,284. Fundraising expenses 0. Total expenses 4,704. Financial services: program service expenses 172,232. Management and general expenses 20,269. Fundraising expenses 0. Total expenses 192,501. Educational consultants: program service expenses 1,505,058. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,505,058.

Financial Statement Notes

PART X, LINE 2:

Management believes that the organization has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the consolidated financial statements. The organization would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.

Raw XML AppendixShowing 400 of 607 raw XML fields

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

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IRS990/ActivityOrMissionDesc0KING-CHAVEZ NEIGHBORHOOD OF SCHOOLS IS A FAMILY OF FIVE FREE PUBLIC CHARTER SCHOOLS, SERVING STUDENTS FROM TK THROUGH 12TH GRADE. THE MISSION OF KCNS IS SIMPLE, YET POWERFUL. WE SEEK EXCELLENCE IN ACADEMICS, ARTS, AND ATHLETICS FROM THE FOUNDATION OF LOVE.
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IRS990/MissionDesc0KING-CHAVEZ NEIGHBORHOOD OF SCHOOLS (KCNS) IS COMPRISED OF 5 PUBLIC CHARTER SCHOOLS LOCATED WITHIN THE HISTORIC BARRIO DISTRICT AND DOWNTOWN NEIGHBORHOODS OF SAN DIEGO. AT KING-CHAVEZ SCHOOLS EDUCATING STUDENTS INVOLVES MORE THAN THE MASTERY OF DAILY LESSIONS, AN UNWAVERING PERSONAL INVESTMENT IS MADE IN EVERY STUDENT IN EVERY SCHOOL, ROOTED FROM A FOUNDATION OF LOVE.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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