Civic Intelligence

Alliance for College-Ready Public

EIN 95-4779029 • 501(c)3 • Los Angeles, CA

Profile

The mission of the alliance is to open and operate a minimum of fifty excellent, small, public, high-performing middle and high schools in three historically underachieving, low-income, overcrowded target communities within the los angeles unified school district that will significantly outperform other public schools in preparing students to enter and succeed in college.

601 S Figueroa Street 4th FloorLos Angeles, CA 90017

www.laalliance.org

Siviq Scores

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

Liabilities / Assets

54th percentile

0.29x

Higher debt load relative to assets than 54% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

68th percentile

0.70x

Higher debt load relative to revenue than 68% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2019

Net Margin

65th percentile

11%

Higher net margin than 65% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

61st percentile

$436,600

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2019

Asset Growth

5th percentile

-15%

Faster asset growth than 5% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

19th percentile

-5.9%

Faster revenue growth than 19% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Assets

Down

$65,516,079

Down $11,739,791 (-15%) from 2018

Liabilities

Down

$18,917,891

Down $9,918,549 (-34%) from 2018

Net Assets

Down

$46,598,188

Down $1,821,242 (-3.8%) from 2018

Revenue

Down

$27,179,883

Down $1,710,762 (-5.9%) from 2018

Expenses

Up

$24,223,557

Up $1,433,338 (+6.3%) from 2018

Net Income

Down

$2,956,326

Down $3,144,100 (-52%) from 2018

Trend Graphs

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $89,519,267Liabilities 2010: $70,084,639Net Assets 2010: $19,434,6282010Assets 2011: $114,712,231Liabilities 2011: $90,538,140Net Assets 2011: $24,174,0912011Assets 2012: $134,606,879Liabilities 2012: $102,536,819Net Assets 2012: $32,070,0602012Assets 2013: $132,986,250Liabilities 2013: $102,955,306Net Assets 2013: $30,030,9442013Assets 2014: $129,586,463Liabilities 2014: $99,578,244Net Assets 2014: $30,008,2192014Assets 2015: $125,510,311Liabilities 2015: $92,126,533Net Assets 2015: $33,383,7782015Assets 2016: $109,077,529Liabilities 2016: $69,614,010Net Assets 2016: $39,463,5192016Assets 2017: $70,461,038Liabilities 2017: $28,142,034Net Assets 2017: $42,319,0042017Assets 2018: $77,255,870Liabilities 2018: $28,836,440Net Assets 2018: $48,419,4302018Assets 2019: $65,516,079Liabilities 2019: $18,917,891Net Assets 2019: $46,598,1882019

Highlighted filing

2019

Assets$65,516,079
Liabilities$18,917,891
Net Assets$46,598,188

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $10,237,4152010Expenses 2011: $14,179,5952011Expenses 2012: $22,358,6132012Expenses 2013: $26,574,7252013Revenue 2014: $30,134,601Expenses 2014: $30,157,326Net Income 2014: -$22,7252014Revenue 2015: $37,930,447Expenses 2015: $34,554,888Net Income 2015: $3,375,5592015Revenue 2016: $56,349,969Expenses 2016: $50,270,228Net Income 2016: $6,079,7412016Revenue 2017: $43,065,213Expenses 2017: $40,209,728Net Income 2017: $2,855,4852017Revenue 2018: $28,890,645Expenses 2018: $22,790,219Net Income 2018: $6,100,4262018Revenue 2019: $27,179,883Expenses 2019: $24,223,557Net Income 2019: $2,956,3262019

Highlighted filing

2019

Revenue$27,179,883
Expenses$24,223,557
Net Income$2,956,326

Filings

Latest Detailed Filing

The latest 2019 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2018 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 22, 2019
Return Version
2017v2.3
Gross Receipts
$29,155,185
Mission and Program Overview

Mission

The mission of the alliance is to open and operate excellent, small, public, high-performing middle and high schools in three historically low-income communities within the los angeles unified school district that will significantly outperform other public schools in preparing students to enter and succeed in college.

To open and to create a network of excellent small high-performing 9-12 and 6-8 public schools in historically low income communities in los angeles that will significantly outperform other public schools in preparing students to enter and succeed in college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$23,682,931$25,919,425▲ $2,236,494
Other Notes and Loans Receivable, Net$22,885,256$22,828,748▼ $56,508
Pledges and Grants Receivable$2,485,486$3,236,498▲ $751,012
Land, Buildings, and Equipment, Net$1,748,557$2,143,007▲ $394,450
Prepaid Expenses and Deferred Charges$962,281$1,106,521▲ $144,240
Total Assets$70,461,038$77,255,870▲ $6,794,832
Other Assets Total$18,696,527$22,021,671▲ $3,325,144
Liabilities
Mortgage Notes Payable Secured by Investment Property$20,997,648$20,995,520▼ $2,128
Other Liabilities$4,599,333$5,294,746▲ $695,413
Accounts Payable and Accrued Expenses$2,525,053$2,546,174▲ $21,121
Tax Exempt Bond Liabilities$20,000--
Total Liabilities$28,142,034$28,836,440▲ $694,406
Net Assets / Fund Balance
Unrestricted Net Assets$37,200,882$43,497,653▲ $6,296,771
Temporarily Rstr Net Assets$5,118,122$4,921,777▼ $196,345
Total Net Assets Fund Balance$42,319,004$48,419,430▲ $6,100,426
Total Liabilities and Net Assets / Fund Balance$70,461,038$77,255,870▲ $6,794,832

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,382,172$764,950$2,147,122
Equipment$645,570$121,264$766,834
Other Land Buildings$74,264$32,136$106,400
Leasehold Improvements$41,001$49,543$90,544
Other Assets Org$20,121,274--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dan KatzirCEOFT$293,779$142,821$436,600
Ana MenezesCAOFT$201,250$35,591$236,841
Robert Anthony EscalanteGeneral CounselFT$195,682$19,304$214,986
David LauckCFOFT$169,916$42,656$212,572
Catherine E SuitorCDO/CCOFT$164,614$40,798$205,412
Zainab AliChief of StaffFT$166,250$30,325$196,575
Monica Victoria VasquezChief Talent OfficerFT$166,889$19,960$186,849
Yasmin PachnandaCCOFT$124,041$39,195$163,236
Mariah ConeDirector, School LeadershipFT$137,500$13,902$151,402
Jennifer DrakeVP, Special ProjectsFT$120,000$13,078$133,078
Maynor O GarciaVP, President of TechnologyFT$112,700$5,635$118,335
Tishsha Tanay HopsonDirector, Educator EffectivenessFT$100,342$5,036$105,378

Board Members and Trustees

NameTitle
Jeff MarineDirector & Co-chair
Joseph DrakeDirector & Co-chair
Alan ArkatovDirector
Brett BrewerDirector
Darline RoblesDirector
David FisherDirector
Erik KronstadtDirector
Eva SternDirector
Frank BaxterDirector
Fred SimmonsDirector
Rachel Kaganoff SternDirector
Ronald SugarDirector
Virgil RobertsDirector
William OuchiDirector
Dale OkunoDirector & Secretary
Cecilia Aguilera GlassmansDirector (as of 7/17)
Elizabeth Gregory RiordanDirector (as of 7/17)
James AndrewsDirector (as of 7/17)
Tom HeymannDirector (as of 7/17)
Carla ChristoffersonDirector (until 10/17)
Richard MerkinDirector (until 12/17)
Meyer LuskinDirector (until 6/18)

Highest Paid Contractors

ContractorServicesLocationCompensation
Alvarez & Marsal Public Sector ServicesConsultant600 MADISON AVE 6TH FL, New York, NY 10022$891,124
Law Offices Of Middleton Young And MinLegal655 UNIVERSITY AVE SUITE 150, University Ave Sui, CA 95825$227,235
Singerlewak LLPConsultant6700 PACIFIC COAST HIGHWAY SUITE 23, Long Beach, CA 90803$200,100
-Consultant1804 10TH STREET 2, Santa Monica, CA 90404$189,192
-Legal10960 WILSHIRE BLVD 7TH FL, Los Angeles, CA 90024$176,292
Revenue and Support

Revenue Composition

Contributions and Grants
$9,793,628
Program Service Revenue
$17,542,269
Investment Income
$1,345,933
Other Revenue
$208,815
All Other Contributions
$7,968,634
Change in Net Assets
$6,100,426

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded15$417,993Fair Market Value (FMV)
Total Noncash Contributions15$417,993-

Audited Revenue Reconciliation

Revenue per Audited Statements
$28,890,645
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$161,517,357
Total Revenue per Audited Statements
$190,408,002
Total Revenue per Form 990
$28,890,645
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,573,032
Other Expenses$10,217,187
Total Fundraising Expense$1,072,493
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,791,347$4,277,418$546,153$8,614,918
Fees for Services Other$932,986$3,874,047$46,441$4,853,474
Current Officers, Directors, Trustees, and Key Employees$771,950$879,269$110,601$1,761,820
Payroll Taxes$598,530$762,456$79,952$1,440,938
Interest$1,418,576$1,555-$1,420,131
Occupancy$135,967$933,416$140,025$1,209,408
Other Employee Benefits$313,756$399,688$41,912$755,356
Office Expenses$55,164$394,958$15,854$465,976
Fees for Services Legal$53,521$218,765$17,840$290,126
Depreciation Depletion$125,629$164,380-$290,009
Payments to Affiliates$25,029$140,171$7,777$172,977
All Other Expenses$22,326$125,033$6,937$154,296
Insurance$19,585$109,681$6,085$135,351
Travel$17,343$97,125$5,389$119,857
Other Expenses$17,233$96,510$5,354$119,097
Information Technology$6,427$26,269$2,142$34,838
Fees for Services Accounting$4,332$17,705$1,444$23,481
Total Functional Expenses$8,482,339$13,235,387$1,072,493$22,790,219

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$189,134,990
Expenses Not Reported on Form 990$166,344,771
Expenses per Audited Statements$22,790,219
Total Expenses per Form 990$22,790,219
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$264,540
Fundraising Gross Income$264,540
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Heroes Among US Event$693,250$189,180$189,180$0
Leaders of Change Event$362,250$75,360$75,360$0
Total Events$1,055,500$264,540$264,540$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
Debt - Current Portion$3,772,487
Intercompany Payables$1,396,448
Deferred Rent$125,811
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Eva stern, board member, is the mother of rachel kaganoff stern, also a board member.

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

The informational returns were prepared by outside accountants and reviewed by the controller and cfo. Once approved by the controller and cfo, the returns were made available to the board.

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

Officers, directors or trustees, and key employees are required to disclose any interests that could give rise to conflicts through an annual questionnaire.

Form 990, Part VI, Section B, Line 15

The board of directors determines the compensation of the organization's ceo, executive director, top management official, officers, or key employees by using comparable data as well as a board committee.

Form 990, Part VI, Section C, Line 18

The organization makes its forms 1023 and form 990 available to the public upon request. The form 990 can also be accessed through www.guidestar.org, a public website.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Alliance for College-ready Public
EIN
95-4779029
Phone
2139434930
Address
601 S FIGUEROA STREET 4TH FLOOR, LOS ANGELES, CA 90017

Signing Officer

Name
David Lauck
Title
Chief Financial Officer
Phone
2139434930
Signed
2019-05-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Lauck
Formed
2003
Legal Domicile
CA
Voting Board Members
19
Independent Board Members
19
Employees
129
Volunteers
30

Preparer

Firm
Singerlewak Llp
Address
10960 WILSHIRE BLVD STE 700, LOS ANGELES, CA 90024-3783
Preparer
Lior Temkin
Phone
3104773924
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other professional fees: program service expenses 390,547. Management and general expenses 1,621,672. Fundraising expenses 19,440. Total expenses 2,031,659. Consulting fees: program service expenses 542,439. Management and general expenses 2,252,375. Fundraising expenses 27,001. Total expenses 2,821,815.

Financial Statement Notes

PART X, LINE 2:

Alliance is exempt from federal and state income taxes under internal revenue code 501(c)(3) and california revenue and taxation code 23701(d). Accordingly, no provision for income taxes is included in the accompanying financial statements. Alliance, its subsidiaries and its affiliates file annual informational tax returns in the u.s. Federal and california jurisdictions. As of and for the years ended june 30, 2018 and 2017, alliance had no material unrecognized/derecognized tax benefits or tax penalties or interest.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Income allocated to other schools 161,252,817. Fundraising expenses 264,540.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Expense allocated to other schools 166,080,231. Fundraising expenses 264,540.

Raw XML AppendixShowing 400 of 1,652 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/ActivityOrMissionDesc0TO OPEN AND TO CREATE A NETWORK OF EXCELLENT SMALL HIGH-PERFORMING 9-12 AND 6-8 PUBLIC SCHOOLS IN HISTORICALLY LOW INCOME COMMUNITIES IN LOS ANGELES THAT WILL SIGNIFICANTLY OUTPERFORM OTHER PUBLIC SCHOOLS IN PREPARING STUDENTS TO ENTER AND SUCCEED IN COLLEGE.
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IRS990/Desc0THE ALLIANCE FOR COLLEGE-READY PUBLIC SCHOOLS (THE "ALLIANCE") IS A NONPROFIT CHARTER MANAGEMENT ORGANIZATION COMMITTED TO CREATING HIGH-PERFORMING, SMALL, COLLEGE-READY MIDDLE SCHOOLS AND HIGH SCHOOLS IN LOS ANGELES.
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2440.00
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt325635
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IRS990/Form990PartVIISectionAGrp/PersonNm3BRETT BREWER
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IRS990/Form990PartVIISectionAGrp/PersonNm5JOSEPH DRAKE
IRS990/Form990PartVIISectionAGrp/PersonNm6DAVID FISHER
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IRS990/Form990PartVIISectionAGrp/PersonNm13WILLIAM OUCHI
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IRS990/Form990PartVIISectionAGrp/PersonNm16DARLINE ROBLES
IRS990/Form990PartVIISectionAGrp/PersonNm17FRED SIMMONS
IRS990/Form990PartVIISectionAGrp/PersonNm18EVA STERN
IRS990/Form990PartVIISectionAGrp/PersonNm19RACHEL KAGANOFF STERN
IRS990/Form990PartVIISectionAGrp/PersonNm20RONALD SUGAR
IRS990/Form990PartVIISectionAGrp/PersonNm21DALE OKUNO
IRS990/Form990PartVIISectionAGrp/PersonNm22DAN KATZIR
IRS990/Form990PartVIISectionAGrp/PersonNm23DAVID LAUCK
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IRS990/Form990PartVIISectionAGrp/PersonNm25ZAINAB ALI
IRS990/Form990PartVIISectionAGrp/PersonNm26ANA MENEZES
IRS990/Form990PartVIISectionAGrp/PersonNm27ROBERT ANTHONY ESCALANTE
IRS990/Form990PartVIISectionAGrp/PersonNm28MONICA VICTORIA VASQUEZ
IRS990/Form990PartVIISectionAGrp/PersonNm29YASMIN PACHNANDA
IRS990/Form990PartVIISectionAGrp/PersonNm30MARIAH CONE
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IRS990/Form990PartVIISectionAGrp/PersonNm33TISHSHA TANAY HOPSON
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR (AS OF 7/17)
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR (UNTIL 10/17)
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR & CO-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR (AS OF 7/17)
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR (AS OF 7/17)
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR (UNTIL 6/18)
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR & CO-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR (UNTIL 12/17)
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR (AS OF 7/17)
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR & SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt22CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt23CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt24CDO/CCO
IRS990/Form990PartVIISectionAGrp/TitleTxt25CHIEF OF STAFF
IRS990/Form990PartVIISectionAGrp/TitleTxt26CAO
IRS990/Form990PartVIISectionAGrp/TitleTxt27GENERAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt28CHIEF TALENT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt29CCO
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR, SCHOOL LEADERSHIP
IRS990/Form990PartVIISectionAGrp/TitleTxt31VP, SPECIAL PROJECTS
IRS990/Form990PartVIISectionAGrp/TitleTxt32VP, PRESIDENT OF TECHNOLOGY
IRS990/Form990PartVIISectionAGrp/TitleTxt33DIRECTOR, EDUCATOR EFFECTIVENESS
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IRS990/Form990TFiledInd01
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/InsuranceGrp/ProgramServicesAmt019585
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IRS990/InterestGrp/ManagementAndGeneralAmt01555
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