Ocean Charter School
- Assets
- $60.0m
- Revenue
- $11.2m
- Investments
- $0.0
- Employees
- 99
- Location
- Los Angeles, CA
- Founding
- 04/2004
- Data as of
- 06/2021
- EIN
- 02-0612690
Organization Overview
Ocean Charter School is located in Los Angeles, CA. The organization was established in 2004. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Ocean Charter School employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Charter School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Ocean Charter School generated $11.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $6.4m during the year ending 06/2021. While expenses have increased by 0.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A CALIFORNIA PUBLIC CHARTER SCHOOL FOR GRADES TK-8TH GRADES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION IS A PUBLIC CHARTER SCHOOL SERVING 575 STUDENTS IN TK THRU 8. OUR CURRICULUM IS BUILT ON A FOUNDATION OF CREATIVITY AND SELF-CONFIDENCE, AND GROWS WITH THE CHILD TO BALANCE IMAGINATION, CRITICAL THINKING AND ACADEMIC EXCELLENCE. THIS FOUNDATION, COMBINED WITH A FOCUS ON ECOLOGICAL AND SOCIAL RESPONSIBILTY, NUTURES A SENSE OF DELIGHT AND WONDER ABOUT THE WORLD, AS WELL AS RESPECT FOR NATURE AND HUMANITY. OUR GOAL IS TO GRADUATE STUDENTS WHO WILL POSITIVELY SHAPE OUR CULTURE, RATHER THAN MERELY REFLECTING IT. OUR CURRICULUM IS DESIGNED TO EMPOWER EACH STUDENT WITH THE KNOWLEDGE THAT SHE OR HE MATTERS AS AN INDIVIUAL AND SHAPES NOT ONLY HER OR HIS OWN LIFE, BUT, ULTIMATELY, OUR SHARED FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Edwards Executive Director | Officer | 40 | $111,402 |
Kristy Mack-Fett Executive Director | Officer | 40 | $100,902 |
Sue Ingles Secretary | OfficerTrustee | 2 | $0 |
Laura Stoland Chair | OfficerTrustee | 2 | $0 |
Edward Eadon Vice Chair | OfficerTrustee | 2 | $0 |
Tammy Stanton Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pinner Construction Construction Services | 6/29/21 | $3,156,434 |
Cannon Design Construction Services | 6/29/21 | $147,128 |
Excellent Education Development Back Office Service | 6/29/21 | $111,605 |
Stv Construction Construction Services | 6/29/21 | $688,501 |
Red Hook Capital Partners Ii Llc Construction Services | 6/29/21 | $336,769 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,708,353 |
| All other contributions, gifts, grants, and similar amounts not included above | $446,093 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,154,446 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,154,446 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $313,697 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,236,849 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $598,786 |
| Payroll taxes | $272,917 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $59,642 |
| Fees for services: Accounting | $10,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $182,661 |
| Advertising and promotion | $885 |
| Office expenses | $4,085 |
| Information technology | $34,654 |
| Royalties | $0 |
| Occupancy | $1,325,592 |
| Travel | $2,660 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,556 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $354,317 |
| Insurance | $119,042 |
| All other expenses | $177,619 |
| Total functional expenses | $6,390,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,227,971 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,165,826 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,183 |
| Net Land, buildings, and equipment | $56,558,656 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $59,974,636 |
| Accounts payable and accrued expenses | $303,018 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,225,158 |
| Unsecured mortgages and notes payable | $12,297,720 |
| Other liabilities | $0 |
| Total liabilities | $13,825,896 |
| Net assets without donor restrictions | $46,148,740 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $59,974,636 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Ocean Charter School has recieved totaling $256,526.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $252,508 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $2,518 |
Aaron And Sylvia Rothenberg Family Foundation Inc Palm Beach Gardens, FL PURPOSE: GIVEN TO PRESELECTED ORGANIZATIONS | $1,000 |
Lucas Fam Tr Wilmington, DE PURPOSE: GENERAL AND/OR EDUCATIONAL | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnerships To Uplift Communities Los Angeles Burbank, CA | $14,420,401 | $24,912,837 |
Literacy First Charter Schools El Cajon, CA | $29,290,072 | $23,446,904 |
Voices College-Bound Language Academies San Jose, CA | $26,350,864 | $21,078,147 |
Santa Rosa Academy Incorporated Menifee, CA | $46,198,054 | $16,730,823 |
Siatech Inc Oceanside, CA | $9,582,548 | $15,818,647 |
Grow Public Schools Bakersfield, CA | $14,803,093 | $23,549,288 |
Natomas Charter School Sacramento, CA | $32,806,693 | $20,875,289 |
Arizona Community Development Corporation Tucson, AZ | $20,473,547 | $20,902,974 |
Vista Charter Public Schools Los Angeles, CA | $62,725,425 | $20,964,484 |
Roseland Charter School Santa Rosa, CA | $53,872,700 | $25,562,169 |
Ofl William S Hart Inc Pasadena, CA | $11,952,405 | $20,153,084 |
New Designs Charter School Los Angeles, CA | $56,545,069 | $20,507,111 |