Civic Intelligence

New West Charter School

990 • Fiscal year 2023 • EIN 95-4808754

Jul 01, 2022 to Jun 30, 2023 • Filed on Jan 24, 2024

1905 Armacost AvenueLos Angeles, CA 90025

(310) 943-5444

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.45x

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

70th percentile

0.56x

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

52nd percentile

4.5%

Higher net margin than 52% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

76th percentile

$283,878

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

94th percentile

75%

Faster asset growth than 94% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

61st percentile

11%

Faster revenue growth than 61% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$18,812,910

Up $8,036,808 (+75%) from 2022

Net Assets

Up

$10,326,188

Up $747,010 (+7.8%) from 2022

Liabilities

Up

$8,486,722

Up $7,289,798 (+609%) from 2022

Revenue

Up

$15,147,249

Up $1,528,270 (+11%) from 2022

Expenses

Up

$14,460,853

Up $1,707,027 (+13%) from 2022

Net Income

Down

$686,396

Down $178,757 (-21%) from 2022

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $2,205,537Liabilities 2011: $313,359Net Assets 2011: $1,892,1782011Assets 2012: $2,041,959Liabilities 2012: $72,956Net Assets 2012: $1,969,0032012Assets 2013: $5,269,312Liabilities 2013: $3,177,242Net Assets 2013: $2,092,0702013Assets 2014: $4,197,353Liabilities 2014: $2,093,716Net Assets 2014: $2,103,6372014Assets 2015: $4,262,604Liabilities 2015: $1,544,117Net Assets 2015: $2,718,4872015Assets 2016: $5,370,430Liabilities 2016: $2,023,963Net Assets 2016: $3,346,4672016Assets 2017: $5,297,818Liabilities 2017: $961,753Net Assets 2017: $4,336,0652017Assets 2018: $5,580,672Liabilities 2018: $745,517Net Assets 2018: $4,835,1552018Assets 2019: $5,767,712Liabilities 2019: $478,370Net Assets 2019: $5,289,3422019Assets 2020: $9,702,463Liabilities 2020: $3,811,411Net Assets 2020: $5,891,0522020Assets 2021: $9,360,497Liabilities 2021: $646,472Net Assets 2021: $8,714,0252021Assets 2022: $10,776,102Liabilities 2022: $1,196,924Net Assets 2022: $9,579,1782022Assets 2023: $18,812,910Liabilities 2023: $8,486,722Net Assets 2023: $10,326,1882023Assets 2024: $19,251,040Liabilities 2024: $8,321,749Net Assets 2024: $10,929,2912024Assets 2025: $15,933,268Liabilities 2025: $4,994,379Net Assets 2025: $10,938,8892025

Highlighted filing

2023

Assets$18,812,910
Liabilities$8,486,722
Net Assets$10,326,188

Operations Trend

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

$20M$15M$10M$5.0M$0Revenue 2011: $3,266,537Expenses 2011: $2,824,499Net Income 2011: $442,0382011Expenses 2012: $2,980,4892012Expenses 2013: $5,185,6812013Revenue 2014: $6,177,299Expenses 2014: $6,165,732Net Income 2014: $11,5672014Revenue 2015: $7,204,070Expenses 2015: $6,589,220Net Income 2015: $614,8502015Revenue 2016: $8,241,671Expenses 2016: $7,613,691Net Income 2016: $627,9802016Revenue 2017: $9,320,040Expenses 2017: $8,330,442Net Income 2017: $989,5982017Revenue 2018: $9,335,056Expenses 2018: $8,835,966Net Income 2018: $499,0902018Revenue 2019: $10,389,549Expenses 2019: $9,935,362Net Income 2019: $454,1872019Revenue 2020: $10,939,367Expenses 2020: $10,337,657Net Income 2020: $601,7102020Revenue 2021: $13,233,578Expenses 2021: $10,410,605Net Income 2021: $2,822,9732021Revenue 2022: $13,618,979Expenses 2022: $12,753,826Net Income 2022: $865,1532022Revenue 2023: $15,147,249Expenses 2023: $14,460,853Net Income 2023: $686,3962023Revenue 2024: $16,089,613Expenses 2024: $15,486,510Net Income 2024: $603,1032024Revenue 2025: $17,018,325Expenses 2025: $17,008,727Net Income 2025: $9,5982025

Highlighted filing

2023

Revenue$15,147,249
Expenses$14,460,853
Net Income$686,396
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 24, 2024
Return Version
2022v5.0
Gross Receipts
$15,147,249
Mission and Program Overview

Mission

The mission of new west charter school is to provide an academically rigorous, highly individualized education for 21st century students in grades 6 - 12. In the decades to come, personal success will require increasingly high levels of competency, independence, and self-reliance in an ever changing, ever more complex society, whether individuals choose to manage their own businesses, work within public or private organizations, or raise families whose children will face the same challenges. New west will produce competent, independent, self-reliant students by creating a learning environment that promotes academic excellence and strong character development as the antecedents for success in college preparatory high school programs.

The goal of the organization is to provide an academically rigorous, highly individualized education for 21st century students in grades sixth through twelfth. The organization is open to all students in grades sixth though twelfth seeking a rigorous core curriculum that provides a strong foundation in reading and language arts, mathematics, science, history and social science. Its duty is to produce competent, independent, self-reliant students by creating a learning environment that promotes academic excellence and strong character.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,378,434$6,635,505▲ $2,257,071
Land, Buildings, and Equipment, Net$3,011,176$2,843,103▼ $168,073
Accounts Receivable$3,056,096$2,445,092▼ $611,004
Prepaid Expenses and Deferred Charges$202,246$223,577▲ $21,331
Total Assets$10,776,102$18,812,910▲ $8,036,808
Other Assets Total$128,150$6,665,633▲ $6,537,483
Liabilities
Other Liabilities$53,595$6,668,599▲ $6,615,004
Deferred Revenue$529,727$1,243,532▲ $713,805
Accounts Payable and Accrued Expenses$613,602$574,591▼ $39,011
Total Liabilities$1,196,924$8,486,722▲ $7,289,798
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,563,838$10,310,848▲ $747,010
Net Assets With Donor Restrictions$15,340$15,340→ $0
Total Net Assets Fund Balance$9,579,178$10,326,188▲ $747,010
Total Liabilities and Net Assets / Fund Balance$10,776,102$18,812,910▲ $8,036,808

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,866,004$1,104,694$2,970,698
Leasehold Improvements$764,225$995,523$1,759,748
Equipment$212,874$1,286,941$1,499,815
Other Assets Org$20,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Sharon WeirExecutive DiFT$244,050$39,828$283,878
Dr Sharon WeirExecutive Director-$244,050$39,828$283,878
Tanisha BarnettAssistant PrFT$163,200$26,476$189,676
Tanisha BarnettAssistant Principal-$163,200$26,476$189,676
Mark HerreraVice PrincipFT$142,287$18,396$160,683
Mark HerreraVice Principal-$142,287$18,396$160,683
Brian StrakaDirector of DevelFT$132,778$21,301$154,079
Brian StrakaDirector of Development-$132,778$21,301$154,079
Larika ClarkASS'T VICE PFT$103,590$24,633$128,223
Kizmet WhiteSecretaryFT$105,474$17,266$122,740
Kenna Anne HealySchool PsychFT$105,094$11,235$116,329
Sarah ThompsonTeacher RepFT$94,673$16,646$111,319
Steven JonesTeacher RepFT$97,621$9,902$107,523
Brittney McbrideTeacher RepFT$75,254$11,871$87,125

Board Members and Trustees

NameTitle
Michael SchelssingerChair
Marshall MayotteCommunity Re
Jess SegoviaParent Rep
John LeeParent Rep

Highest Paid Contractors

ContractorServicesLocationCompensation
Mcroskeyarmacost Real EstateRentPO BOX 754, Del Mar, CA 92014$1,189,193
11625 W Pico Blvd LLCRent14078 VENTURA BLVD, Sherman Oaks, CA 91423$412,542
Revenue and Support

Revenue Composition

Contributions and Grants
$14,629,809
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$517,440
All Other Contributions
$333,460
Change in Net Assets
$686,396

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,147,249
Total Revenue per Audited Statements
$15,147,249
Total Revenue per Form 990
$15,147,249
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,606,911
Other Expenses$6,853,942
Total Fundraising Expense$14,345
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,845,426$182,648-$5,028,074
Occupancy$1,778,549$436,335-$2,214,884
Fees for Services Other$1,001,802$263,795-$1,265,597
Pension Plan Contributions$1,075,217$34,063-$1,109,280
Current Officers, Directors, Trustees, and Key Employees$617,072--$617,072
Other Employee Benefits$567,427$19,663-$587,090
Fees for Services Legal-$304,214-$304,214
Depreciation Depletion$222,623$72,059-$294,682
Payroll Taxes$258,555$6,840-$265,395
All Other Expenses$113,710$105,875-$219,585
Fees for Services Accounting$50,325$146,125-$196,450
Insurance-$190,305-$190,305
Other Expenses$126,327$177,211-$177,211
Office Expenses$67,940$17,741$14,345$100,026
Information Technology$59,284--$59,284
Conferences and Meetings$43,708--$43,708
Total Functional Expenses$12,155,038$2,291,470$14,345$14,460,853

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$14,460,853
Total Expenses per Audited Statements$14,460,853
Total Expenses per Form 990$14,460,853
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$6,656,337
Due to Grantor Governments$12,262
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, Page 6, Part VI, Line 11B

The draft of the tax return is initially reviewed by the school's backoffice provider. Minor changes will be notated to the preparer. An updated draft will be presented to the governance council. The council and backoffice provider will examine the draft and approve the final version.

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

Governance council members must disclose any interests according to the conflict of interest policy. When conflicts arise, that person must remove themselves from the vote.

Form 990, Page 6, Part VI, Line 15A

The governance council will select members to determine the compensation of the executive director. The committee will meet, without the executive director, to determine salary increase and bonus. This amount will be compared to similar executive directors from the backoffice provider's other clients. The salary change will be approved by the committee with an announcement to the board members. In a prior year an outside independent consultant was hired for executive director salary.

Form 990, Page 6, Part VI, Line 15B

The governance council will select members to determine the compensation of officers or key employees. The committee will meet to determine salary increases and bonus. This amount will be compared to similar positions from the backoffice provider's other clients. The salary change will be approved by the committee with an announcement to the board members.

Form 990, Page 6, Part VI, Line 19

The school's articles of incorporation, by-laws and minutes of the governing board are available on the school's website. A limited amount of financial data is also available on the school's website. The remaining data is available upon request.

Filing and Contact Details

Filer

Filer Name
New West Charter School
EIN
95-4808754
Phone
3109435444
Address
1905 ARMACOST AVENUE, LOS ANGELES, CA 90025

Signing Officer

Name
Dr Sharon Weir
Title
Executive Director
Phone
3109435444
Signed
2024-01-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Sharon Weir
Formed
2000
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
4
Employees
98

Preparer

Firm
Feddersen & Company Llp
Address
28632 ROADSIDE DR STE 265, AGOURA HILLS, CA 91301
Preparer
Kurt Feddersen
Phone
8187074111
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The goal of the organization is to provide an academically rigorous, highly individualized education for 21st century students in grades sixth through twelfth. The organization is open to all students in grades sixth though twelfth seeking a rigorous core curriculum that provides a strong foundation in reading and language arts, mathematics, science, history and social science. Its duty is to produce competent, independent, self-reliant students by creating a learning environment that promotes academic excellence and strong character.

Form 990, Page 2, Part III, Line 4D

Developing new and different ways to incorporate parental choice into the educational process with an emphasis on providing the maximum amount of educational opportunities possible to every student. To produce competent, independent, self-reliant students by creating a learning environment that promotes academic excellence and strong character.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DR SHARON WEIR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1TANISHA BARNETT

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$15.9$4.99$10.9$17.0$17.0$0.01
2024Detailed filing. Detailed filing data is available for this year.$19.3$8.32$10.9$16.1$15.5$0.60
2023Detailed filing. Detailed filing data is available for this year.$18.8$8.49$10.3$15.1$14.5$0.69
2022Detailed filing. Detailed filing data is available for this year.$10.8$1.20$9.58$13.6$12.8$0.87
2021Detailed filing. Detailed filing data is available for this year.$9.36$0.65$8.71$13.2$10.4$2.82
2020Detailed filing. Detailed filing data is available for this year.$9.70$3.81$5.89$10.9$10.3$0.60
2019Detailed filing. Detailed filing data is available for this year.$5.77$0.48$5.29$10.4$9.94$0.45
2018Detailed filing. Detailed filing data is available for this year.$5.58$0.75$4.84$9.34$8.84$0.50
2017Summary only. Only limited summary data is available for this year.$5.30$0.96$4.34$9.32$8.33$0.99
2016Detailed filing. Detailed filing data is available for this year.$5.37$2.02$3.35$8.24$7.61$0.63
2015Detailed filing. Detailed filing data is available for this year.$4.26$1.54$2.72$7.20$6.59$0.61
2014Detailed filing. Detailed filing data is available for this year.$4.20$2.09$2.10$6.18$6.17$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.27$3.18$2.09$5.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.04$0.07$1.97$2.98
2011Summary only. Only limited summary data is available for this year.$2.21$0.31$1.89$3.27$2.82$0.44