Civic Intelligence

Palisades Charter High School

990 • Fiscal year 2018 • EIN 92-0184898

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 01, 2019

15777 Bowdoin StPacific Palisades, CA 90272

(310) 230-6623

Siviq Scores

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

Liabilities / Assets

97th percentile

1.28x

Higher debt load relative to assets than 97% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

69th percentile

0.63x

Higher debt load relative to revenue than 69% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

18th percentile

-5.6%

Higher net margin than 18% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

12th percentile

-7.2%

Faster asset growth than 12% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

43rd percentile

2.7%

Faster revenue growth than 43% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Down

$17,165,004

Down $1,339,987 (-7.2%) from 2017

Net Assets

Down

-$4,795,825

Down $1,958,028 (-69%) from 2017

Liabilities

Up

$21,960,829

Up $618,041 (+2.9%) from 2017

Revenue

Up

$35,054,785

Up $930,311 (+2.7%) from 2017

Expenses

Up

$37,013,560

Up $2,170,094 (+6.2%) from 2017

Net Income

Down

-$1,958,775

Down $1,239,783 (-172%) from 2017

Historical Trend

Balance Sheet Trend

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

$40M$20M$0-$20MAssets 2010: $13,669,694Liabilities 2010: $4,971,246Net Assets 2010: $8,698,4482010Assets 2011: $15,070,045Liabilities 2011: $5,886,503Net Assets 2011: $9,183,5422011Assets 2012: $16,577,146Liabilities 2012: $6,024,845Net Assets 2012: $10,552,3012012Assets 2013: $16,670,882Liabilities 2013: $6,271,775Net Assets 2013: $10,399,1072013Assets 2014: $17,502,602Liabilities 2014: $7,358,516Net Assets 2014: $10,144,0862014Assets 2015: $16,473,520Liabilities 2015: $7,160,293Net Assets 2015: $9,313,2272015Assets 2016: $17,162,007Liabilities 2016: $7,222,974Net Assets 2016: $9,939,0332016Assets 2017: $18,504,991Liabilities 2017: $21,342,788Net Assets 2017: -$2,837,7972017Assets 2018: $17,165,004Liabilities 2018: $21,960,829Net Assets 2018: -$4,795,8252018Assets 2019: $16,463,588Liabilities 2019: $23,213,562Net Assets 2019: -$6,749,9742019Assets 2020: $23,999,950Liabilities 2020: $30,930,962Net Assets 2020: -$6,931,0122020Assets 2021: $26,412,295Liabilities 2021: $19,463,509Net Assets 2021: $6,948,7862021Assets 2022: $27,090,937Liabilities 2022: $19,406,726Net Assets 2022: $7,684,2112022Assets 2023: $28,755,282Liabilities 2023: $19,354,227Net Assets 2023: $9,401,0552023Assets 2024: $33,240,448Liabilities 2024: $19,054,589Net Assets 2024: $14,185,8592024

Highlighted filing

2018

Assets$17,165,004
Liabilities$21,960,829
Net Assets-$4,795,825

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $22,428,6302010Expenses 2011: $22,665,2732011Expenses 2012: $22,805,8672012Expenses 2013: $24,438,2842013Revenue 2014: $25,949,205Expenses 2014: $26,204,226Net Income 2014: -$255,0212014Revenue 2015: $28,860,772Expenses 2015: $29,691,631Net Income 2015: -$830,8592015Revenue 2016: $32,737,115Expenses 2016: $32,111,309Net Income 2016: $625,8062016Revenue 2017: $34,124,474Expenses 2017: $34,843,466Net Income 2017: -$718,9922017Revenue 2018: $35,054,785Expenses 2018: $37,013,560Net Income 2018: -$1,958,7752018Revenue 2019: $37,065,000Expenses 2019: $39,019,377Net Income 2019: -$1,954,3772019Revenue 2020: $36,717,719Expenses 2020: $36,898,757Net Income 2020: -$181,0382020Revenue 2021: $43,149,058Expenses 2021: $29,269,260Net Income 2021: $13,879,7982021Revenue 2022: $41,146,615Expenses 2022: $39,736,198Net Income 2022: $1,410,4172022Revenue 2023: $44,974,035Expenses 2023: $43,257,190Net Income 2023: $1,716,8452023Revenue 2024: $47,101,446Expenses 2024: $42,240,098Net Income 2024: $4,861,3482024

Highlighted filing

2018

Revenue$35,054,785
Expenses$37,013,560
Net Income-$1,958,775
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 1, 2019
Return Version
2017v2.2
Gross Receipts
$35,555,629
Mission and Program Overview

Mission

Palisades charter high school will empower our diverse student population to make positive contributions to the global community by dedicating our resources to ensure educational excellence, civic responsibilty, and personal growth.

Palisades charter high school will empower our diverse student population to make positive contributions to the global community by dedicating our resources to ensure educational excellence, civic responsibility, and personal growth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,134,639$8,671,146▲ $1,536,507
Savings and Temporary Cash Investments$8,758,917$6,242,182▼ $2,516,735
Accounts Receivable$626,070$1,156,573▲ $530,503
Cash and Non-Interest-Bearing Accounts$1,686,255$942,326▼ $743,929
Prepaid Expenses and Deferred Charges$293,629$147,296▼ $146,333
Inventories for Sale or Use$5,481$5,481→ $0
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$18,504,991$17,165,004▼ $1,339,987
Other Assets Total-$0-
Liabilities
Other Liabilities$17,671,452$18,862,410▲ $1,190,958
Accounts Payable and Accrued Expenses$3,272,313$3,005,590▼ $266,723
Deferred Revenue$399,023$92,829▼ $306,194
Total Liabilities$21,342,788$21,960,829▲ $618,041
Net Assets / Fund Balance
Temporarily Rstr Net Assets$150,969$443,486▲ $292,517
Permanently Rstr Net Assets$314,454$288,629▼ $25,825
Unrestricted Net Assets$-3,303,220$-5,527,940▼ $2,224,720
Total Net Assets Fund Balance$-2,837,797$-4,795,825▼ $1,958,028
Total Liabilities and Net Assets / Fund Balance$18,504,991$17,165,004▼ $1,339,987

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$5,940,360$5,577,240$11,517,600
Equipment$1,236,996$986,108$2,223,104
Other Land Buildings$1,493,790-$1,493,790

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$311,002$14,185--$288,629
2016$311,002---$311,002
2015$324,892---$311,002
2014$341,657---$324,892
2013$364,333---$341,657
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Pamela MageeExecutive DirectorFT$201,018$41,884$242,902
David SuarezTeacherFT$150,186$34,644$184,830
Gregory WoodCBOFT$143,553$35,885$179,438
Mary BushDirector of Special EdFT$137,589$33,191$170,780
Russel HowardAsst. PrincipalFT$137,589$32,937$170,526
Monica IannessaAsst. PrincipalFT$135,403$33,109$168,512
Jeffrey HartmanAsst. PrincipalFT$134,519$33,306$167,825
Mystic ThompsonTrustee/TEACHERFT$127,133$31,350$158,483
Emilie LarewChair/teacherFT$123,826$31,247$155,073
David CariniTrustee/TEACHERFT$75,796$24,807$100,603
Richard MontzTrustee/MANAGERFT$69,226$24,281$93,507
Andrew ParisTrustee/SPEDFT$54,620$21,488$76,108

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Chartwells Dining ServicesFood ServicesPO BOX 50196, Los Angeles, CA 90074-0196$541,978
UniserveCustodial2363 S ATLANTIC BLVD, Commerce, CA 90040$481,507
Verdugo Hills Autism ProjectSpecial Education16600 SHERMAN WAY 165, Van Nuys, CA 91406$320,825
Green EconomeEnergy Consulting860 VIA DE LA PAZ, Pacific Palisades, CA 90272$287,561
Kml GroupGeneral Contractors149 BARRINGTON AVENUE, Los Angeles, CA 90011$262,004
Revenue and Support

Revenue Composition

Contributions and Grants
$33,770,347
Program Service Revenue
$552,501
Investment Income
$115,788
Other Revenue
$616,149
All Other Contributions
$496,436
Change in Net Assets
$-1,958,775

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$200,000Fair Value
Total Noncash Contributions1$200,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$35,054,785
Revenue Not Reported on Form 990
$501,591
Total Revenue per Audited Statements
$35,556,376
Total Revenue per Form 990
$35,054,785
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$28,472,599
Other Expenses$8,540,961
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$16,051,007$2,039,157-$18,090,164
Other Employee Benefits$4,486,691$392,051-$4,878,742
Pension Plan Contributions$3,409,201$326,091-$3,735,292
Fees for Services Other$1,910,567$1,220,821-$3,131,388
Occupancy$484,766$732,313-$1,217,079
Current Officers, Directors, Trustees, and Key Employees$704,083$495,487-$1,199,570
Depreciation Depletion$74,455$563,466-$637,921
Payroll Taxes$519,177$49,654-$568,831
All Other Expenses$525,201$5,320-$530,521
Other Expenses$390,226$6,198-$390,226
Fees for Services Legal-$340,993-$340,993
Insurance-$183,815-$183,815
Travel$71,438$36,659-$108,097
Information Technology$15,470$70,315-$85,785
Interest-$44,960-$44,960
Fees for Services Accounting-$30,702-$30,702
Total Functional Expenses$30,432,999$6,580,561$0$37,013,560

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$37,514,404
Expenses per Audited Statements$37,013,560
Total Expenses per Form 990$37,013,560
Expenses Not Reported on Form 990$500,844
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Postemployment Benefits$18,463,950
Due to Student Groups$317,612
Compensated Absences$80,848
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
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, Line 11B: Form 990 Review Process

The form 990 is available to all board members for review prior to filing the return.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Palisades charter high school requires all key employees and members of the board of trustees to complete a california form 700 annual statement of economic interest. If a conflict arises the board member is asked to excuse him/herself from all discussion and voting on the issue.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The salaries are reviewed and approved by the board of trustees.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The required documents are available at the business address during normal business hours upon request.

Filing and Contact Details

Filer

Filer Name
Palisades Charter High School
EIN
92-0184898
Phone
3102306623
Address
15777 BOWDOIN ST, PACIFIC PALISADES, CA 90272

Signing Officer

Name
Pamela Magee
Title
Executive Director
Signed
2019-04-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pamela Magee
Formed
2003
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
6
Employees
377
Volunteers
36

Preparer

Firm
Nigro & Nigro Pc
Address
25220 Hancock Ave Ste 400, MURRIETA, CA 92562-9739
Preparer
Michael Klein CPA EA
Phone
9516988783
Supplemental Narrative

Additional Explanations

Schedule E

Schedule e is not filed as the organization operates a public charter school in the state of california.

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The organization is required to use it's endowment funds for the administration of scholarships and grants to students of palisades charter high school.

Part X : FIN48 Footnote

The charter school has adopted fasb 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 an audit by taxing authorities. Management has determined that all income tax positions are more likely than not to be sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Direct rental expense $500844

Part XII, Line 2D: Other expenses and losses per audited F/S

Direct rental expense $500844

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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee/MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee/SPED
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee/TEACHER
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee/TEACHER
IRS990/Form990PartVIISectionAGrp/TitleTxt11Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt12CBO
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIR. OF SPECIAL ED
IRS990/Form990PartVIISectionAGrp/TitleTxt14ASST. PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt15ASST. PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt16ASST. PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt17TEACHER
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IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt033273911
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/InformationTechnologyGrp/ProgramServicesAmt015470
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IRS990/InsuranceGrp/ManagementAndGeneralAmt0183815
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IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
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IRS990/MissionDesc0PALISADES CHARTER HIGH SCHOOL WILL EMPOWER OUR DIVERSE STUDENT POPULATION TO MAKE POSITIVE CONTRIBUTIONS TO THE GLOBAL COMMUNITY BY DEDICATING OUR RESOURCES TO ENSURE EDUCATIONAL EXCELLENCE, CIVIC RESPONSIBILITY, AND PERSONAL GROWTH.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.2$19.1$14.2$47.1$42.2$4.86
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.8$19.4$9.40$45.0$43.3$1.72
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.1$19.4$7.68$41.1$39.7$1.41
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.4$19.5$6.95$43.1$29.3$13.9
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.0$30.9$6.93$36.7$36.9$0.18
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.5$23.2$6.75$37.1$39.0$1.95
2018Detailed filing. Detailed filing data is available for this year.$17.2$22.0$4.80$35.1$37.0$1.96
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.5$21.3$2.84$34.1$34.8$0.72
2016Detailed filing. Detailed filing data is available for this year.$17.2$7.22$9.94$32.7$32.1$0.63
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.5$7.16$9.31$28.9$29.7$0.83
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.5$7.36$10.1$25.9$26.2$0.26
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.7$6.27$10.4$24.4
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.6$6.02$10.6$22.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.1$5.89$9.18$22.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.7$4.97$8.70$22.4