Civic Intelligence

The Accelerated Schools

990 • Fiscal year 2020 • EIN 95-4487850

Jul 01, 2019 to Jun 30, 2020 • Filed on May 14, 2021

Organization ProfileWWW.ACCELERATED.ORG
116 East Martin Luther King Jr BlvdLos Angeles, CA 90011

(323) 235-6343

Siviq Scores

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

Liabilities / Assets

27th percentile

0.11x

Higher debt load relative to assets than 27% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

48th percentile

0.50x

Higher debt load relative to revenue than 48% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Net Margin

31st percentile

-0.7%

Higher net margin than 31% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

8th percentile

$165,000

Higher top officer pay than 8% of similar nonprofits.

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

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Asset Growth

28th percentile

0.2%

Faster asset growth than 28% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

49th percentile

1.8%

Faster revenue growth than 49% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$107,649,641

Up $178,100 (+0.2%) from 2019

Net Assets

Down

$95,376,549

Down $59,855 (-0.1%) from 2019

Liabilities

Up

$12,273,092

Up $237,955 (+2.0%) from 2019

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin31st percentile

Revenue

Up

$24,695,843

Up $427,603 (+1.8%) from 2019

Expenses

Up

$24,878,269

Up $2,764,076 (+12%) from 2019

Net Income

Down

-$182,426

Down $2,336,473 (-108%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

$150M$100M$50M$0Assets 2010: $53,076,269Liabilities 2010: $7,576,455Net Assets 2010: $45,499,8142010Assets 2011: $58,512,207Liabilities 2011: $6,657,325Net Assets 2011: $51,854,8822011Assets 2012: $57,074,870Liabilities 2012: $6,297,925Net Assets 2012: $50,776,9452012Assets 2013: $56,765,969Liabilities 2013: $5,679,971Net Assets 2013: $51,085,9982013Assets 2014: $59,376,710Liabilities 2014: $5,070,425Net Assets 2014: $54,306,2852014Assets 2015: $80,180,889Liabilities 2015: $16,127,952Net Assets 2015: $64,052,9372015Assets 2016: $96,260,797Liabilities 2016: $15,331,247Net Assets 2016: $80,929,5502016Assets 2017: $101,732,849Liabilities 2017: $13,343,436Net Assets 2017: $88,389,4132017Assets 2018: $104,874,275Liabilities 2018: $11,591,918Net Assets 2018: $93,282,3572018Assets 2019: $107,471,541Liabilities 2019: $12,035,137Net Assets 2019: $95,436,4042019Assets 2020: $107,649,641Liabilities 2020: $12,273,092Net Assets 2020: $95,376,5492020Assets 2021: $108,403,078Liabilities 2021: $12,310,078Net Assets 2021: $96,093,0002021Assets 2022: $102,465,924Liabilities 2022: $13,548,467Net Assets 2022: $88,917,4572022Assets 2023: $112,688,873Liabilities 2023: $24,365,221Net Assets 2023: $88,323,6522023Assets 2024: $111,077,721Liabilities 2024: $22,303,272Net Assets 2024: $88,774,4492024

Highlighted filing

2020

Assets$107,649,641
Liabilities$12,273,092
Net Assets$95,376,549
Open 2020 Filing

Operations Trend

Revenue Growth49th percentile

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

$60M$40M$20M$0-$20MExpenses 2010: $13,612,0352010Expenses 2011: $13,275,9282011Expenses 2012: $13,323,3272012Expenses 2013: $12,846,0752013Revenue 2014: $16,260,476Expenses 2014: $13,040,189Net Income 2014: $3,220,2872014Revenue 2015: $22,800,574Expenses 2015: $13,053,922Net Income 2015: $9,746,6522015Revenue 2016: $30,940,751Expenses 2016: $14,064,138Net Income 2016: $16,876,6132016Revenue 2017: $24,245,083Expenses 2017: $16,785,220Net Income 2017: $7,459,8632017Revenue 2018: $22,983,714Expenses 2018: $18,090,770Net Income 2018: $4,892,9442018Revenue 2019: $24,268,240Expenses 2019: $22,114,193Net Income 2019: $2,154,0472019Revenue 2020: $24,695,843Expenses 2020: $24,878,269Net Income 2020: -$182,4262020Revenue 2021: $29,111,214Expenses 2021: $30,117,109Net Income 2021: -$1,005,8952021Revenue 2022: $25,535,162Expenses 2022: $32,710,705Net Income 2022: -$7,175,5432022Revenue 2023: $35,873,317Expenses 2023: $38,094,276Net Income 2023: -$2,220,9592023Revenue 2024: $39,390,340Expenses 2024: $41,511,622Net Income 2024: -$2,121,2822024

Highlighted filing

2020

Revenue$24,695,843
Expenses$24,878,269
Net Income-$182,426
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 14, 2021
Return Version
2019v5.2
Gross Receipts
$31,159,221
Mission and Program Overview

Mission

To graduate students who are prepared to succeed at the university of his/her choice; who will enter the workforce as informed and productive employees, entrepreneurs and community leaders.

The accelerated schools were founded on the belief that every child should be treated as gifted, with an emphasis on high expectations for student achievement, a supportive learning environment, and extensive parent involvement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$72,044,660$70,738,298▼ $1,306,362
Savings and Temporary Cash Investments$34,537,955$19,759,595▼ $14,778,360
Cash and Non-Interest-Bearing Accounts$26,727$14,229,080▲ $14,202,353
Accounts Receivable$824,189$2,837,763▲ $2,013,574
Prepaid Expenses and Deferred Charges$38,010$84,905▲ $46,895
Total Assets$107,471,541$107,649,641▲ $178,100
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,194,180$9,909,000▼ $285,180
Accounts Payable and Accrued Expenses$1,840,957$2,364,092▲ $523,135
Total Liabilities$12,035,137$12,273,092▲ $237,955
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$95,436,404$95,376,549▼ $59,855
Total Net Assets Fund Balance$95,436,404$95,376,549▼ $59,855
Total Liabilities and Net Assets / Fund Balance$107,471,541$107,649,641▲ $178,100

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$65,802,445$18,070,567$83,873,012
Land$4,935,853-$4,935,853
Compensation and Service Providers
Top Officer Pay8th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Grace Lee-changCEOFT$165,000$165,000
Lenita LugoDirector of Curriculum and Instruction/board SecreFT$145,025$145,025
Vincent ShihCFO/treasurerFT$143,190$143,190

Board Members and Trustees

NameTitle
Leonard RabinowitzPresident
Peter MorrisonVice President
Binti YostBoard Member
Elisabeth WeissBoard Member
Elizabeth GalavizBoard Member
John WardBoard Member
Larry PicusBoard Member
Scot YetterBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
DirectedSpecial Education21820 BURBANK BLVD 310B, Woodland, CA 91367$665,237
Better 4 You MealsNutrition Program5743 SMITHWAY ST 103, Commerce, CA 90040$482,444
ExedBack-office Services11858 LA GRANGE AVE 2, Los Angeles, CA 90025$303,225
Teachers On ReserveStaffing Services604 SONORA AVE, Glendale, CA 91201$188,236
Premier Educational Staffing LLCStaffing ServicesPO BOX 3172, South Pasadena, CA 91031$169,619
Revenue and Support

Revenue Composition

Contributions and Grants
$24,624,228
Program Service Revenue
$0
Investment Income
$71,615
Other Revenue
$0
All Other Contributions
$1,145,454
Change in Net Assets
$-182,426

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,695,843
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$122,571
Total Revenue per Audited Statements
$24,818,414
Total Revenue per Form 990
$24,695,843
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$15,651,122
Other Expenses$9,227,147
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,032,221$1,604,472-$10,636,693
Payroll Taxes$2,592,652$165,334-$2,757,986
Fees for Services Other$1,602,049$777,838-$2,379,887
Depreciation Depletion$2,129,101--$2,129,101
Other Employee Benefits$1,607,667$195,561-$1,803,228
Occupancy$837,479$160,621-$998,100
All Other Expenses$117,897$348,441-$466,338
Current Officers, Directors, Trustees, and Key Employees-$453,215-$453,215
Fees for Services Legal-$343,623-$343,623
Other Expenses$269,297$0-$269,297
Interest-$167,383-$167,383
Information Technology-$161,382-$161,382
Insurance-$140,799-$140,799
Office Expenses-$31,035-$31,035
Travel$16,806--$16,806
Fees for Services Accounting-$11,276-$11,276
Advertising-$3,189-$3,189
Total Functional Expenses$20,314,100$4,564,169$0$24,878,269

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$24,878,269
Total Expenses per Audited Statements$24,878,269
Total Expenses per Form 990$24,878,269
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
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The audit committee reviews a draft of form 990 the form 990 is distributed electronically to all board members and reviewed at the next board meeting”

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

“Board completes annual disclosures which are monitored. If a conflict arises the board member is asked to excuse himself or herself from all discussion and voting on the issue. The school advertises positions to staff via email the school has a link on its website for applicants who are interested in employment opportunities the link directs the applicant to the edjoin website where they can complete an online application and view the job posting (requirements, duties and pay) the position is advertised until it is filled the hiring manager and interview committee review all applications and select applicants for interviewing human resources and the ceo review the recommended candidate's application and interview notes of the committee, to make final approval then a job offer is made by human resources all board members, officers and some of the key employees complete an annual form 700 to disclose if they have any conflicts of interest”

Form 990, Part VI, Section B, Line 15A

“Compensation is determined based on the market, qualifications, and budget for the position and needs of the organization the analysis, comparison, and hiring of the ceo is done by the board of trustees”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy and financial statements are disclosed on the school's website and are available upon request.”

Filing and Contact Details

Filer

Filer Name
The Accelerated Schools
EIN
95-4487850
Phone
3232356343
Address
116 EAST MARTIN LUTHER KING JR BLVD, LOS ANGELES, CA 90011

Signing Officer

Name
Vincent Shih
Title
CFO
Phone
3232356343
Signed
2021-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vincent Shih
Formed
1994
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
227
Volunteers
150

Preparer

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

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 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.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR OF CURRICULUM AND INSTRUCTION/BOARD SECRE
IRS990/Form990PartVIISectionAGrp/TitleTxt2CFO/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
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IRS990/FormationYr01994
IRS990/FormerOfcrEmployeesListedInd00
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-576419
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt023478774
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt05886959
IRS990/GrossReceiptsAmt031159221
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0161382
IRS990/InformationTechnologyGrp/TotalAmt0161382
IRS990/InsuranceGrp/ManagementAndGeneralAmt0140799
IRS990/InsuranceGrp/TotalAmt0140799
IRS990/InterestGrp/ManagementAndGeneralAmt0167383
IRS990/InterestGrp/TotalAmt0167383
IRS990/InvestmentIncomeGrp/ExclusionAmt0648034
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0648034
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt025
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt018070567
IRS990/LandBldgEquipBasisNetGrp/BOYAmt072044660
IRS990/LandBldgEquipBasisNetGrp/EOYAmt070738298
IRS990/LandBldgEquipCostOrOtherBssAmt088808865
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt06463378
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ACCELERATED SCHOOLS WERE FOUNDED ON THE BELIEF THAT EVERY CHILD SHOULD BE TREATED AS GIFTED, WITH AN EMPHASIS ON HIGH EXPECTATIONS FOR STUDENT ACHIEVEMENT, A SUPPORTIVE LEARNING ENVIRONMENT, AND EXTENSIVE PARENT INVOLVEMENT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt010194180
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt09909000
IRS990/NetAssetsOrFundBalancesBOYAmt095436404
IRS990/NetAssetsOrFundBalancesEOYAmt095376549
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-576419
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-576419
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0122571
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt095436404
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt095376549
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0160621
IRS990/OccupancyGrp/ProgramServicesAmt0837479
IRS990/OccupancyGrp/TotalAmt0998100
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt031035
IRS990/OfficeExpensesGrp/TotalAmt031035
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0195561
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01607667
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01803228
IRS990/OtherExpensesGrp/Desc0STUDENT NUTRITION
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL MATERALS
IRS990/OtherExpensesGrp/Desc2CAPITAL OUTLAY
IRS990/OtherExpensesGrp/Desc3STUDENT EDUCATION
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt01047921
IRS990/OtherExpensesGrp/ProgramServicesAmt1571921
IRS990/OtherExpensesGrp/ProgramServicesAmt2489089
IRS990/OtherExpensesGrp/ProgramServicesAmt3269297
IRS990/OtherExpensesGrp/TotalAmt01047921
IRS990/OtherExpensesGrp/TotalAmt1571921
IRS990/OtherExpensesGrp/TotalAmt2489089
IRS990/OtherExpensesGrp/TotalAmt3269297
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01604472
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt09032221
IRS990/OtherSalariesAndWagesGrp/TotalAmt010636693
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0165334
IRS990/PayrollTaxesGrp/ProgramServicesAmt02592652
IRS990/PayrollTaxesGrp/TotalAmt02757986
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt038010
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt084905
IRS990/PrincipalOfficerNm0VINCENT SHIH
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt023539207
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0641170
IRS990/PYOtherExpensesAmt09187212
IRS990/PYOtherRevenueAmt084821
IRS990/PYProgramServiceRevenueAmt03042
IRS990/PYRevenuesLessExpensesAmt02154047
IRS990/PYSalariesCompEmpBnftPaidAmt012926981
IRS990/PYTotalExpensesAmt022114193
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt024268240
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-182426
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt034537955
IRS990/SavingsAndTempCashInvstGrp/EOYAmt019759595
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/BookValueAmt065802445
IRS990ScheduleD/BuildingsGrp/DepreciationAmt018070567
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt083873012
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt024878269
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt04935853
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04935853
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0122571
IRS990ScheduleD/RevenueNotReportedAmt0122571
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt024695843
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 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:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt070738298
IRS990ScheduleD/TotalExpensesPerForm990Amt024878269
IRS990ScheduleD/TotalRevenuePerForm990Amt024695843
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt024818414
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt024878269
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS A PUBLIC CHARTER SCHOOL AND THEREFORE IS NOT SUBJECT TO THE FORMAL COMPLIANCE WITH REVENUE PROCEDURE 75-50 AS LONG AS THE CHARTER AGREEMENT WITH THE STATE IS IN EFFECT. THE SCHOOL DOES INCLUDE INFORMATION REGARDING ITS NON-DISCRIMINATION PRACTICES IN ITS REGISTRATION MATERIALS AND DOCUMENTS USED TO SOLICIT STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1AS A PUBLIC CHARTER SCHOOL, THE SCHOOL DOES NOT PROVIDE SCHOLARSHIPS OR FINANCIAL AID.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION RECEIVES CALIFORNIA STATE APPORTIONMENT REVENUE BASED ON STUDENT ATTENDANCE
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0165000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0GRACE LEE-CHANG

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$107,649,641
Liabilities
$12,273,092
Net assets
$95,376,549
Revenue
$24,695,843
Expenses
$24,878,269
Net income
-$182,426
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$111$22.3$88.8$39.4$41.5$2.12
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$113$24.4$88.3$35.9$38.1$2.22
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$102$13.5$88.9$25.5$32.7$7.18
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$108$12.3$96.1$29.1$30.1$1.01
2020Detailed filing. Detailed filing data is available for this year.$108$12.3$95.4$24.7$24.9$0.18
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$107$12.0$95.4$24.3$22.1$2.15
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$105$11.6$93.3$23.0$18.1$4.89
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$102$13.3$88.4$24.2$16.8$7.46
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$96.3$15.3$80.9$30.9$14.1$16.9
2015Detailed filing. Detailed filing data is available for this year.$80.2$16.1$64.1$22.8$13.1$9.75
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$59.4$5.07$54.3$16.3$13.0$3.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.8$5.68$51.1$12.8
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.1$6.30$50.8$13.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.5$6.66$51.9$13.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.1$7.58$45.5$13.6
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