Granada Hills Charter
- Assets
- $134.2m
- Revenue
- $98.4m
- Investments
- $0.0
- Employees
- 679
- Location
- Granada Hills, CA
- Founding
- 12/2010
- Data as of
- 06/2022
- EIN
- 05-0570400
Organization Overview
Granada Hills Charter is located in Granada Hills, CA. The organization was established in 2010. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Granada Hills Charter employed 679 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Granada Hills Charter 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 06/2022, Granada Hills Charter generated $98.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $91.3m during the year ending 06/2022. While expenses have increased by 8.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A POSITIVE, STUDENT-CENTERED ENVIRONMENT WHERE ALL STUDENTS WILL DEVELOP ACADEMIC AND PRACTICAL SKILLS AND ATTITUDES TO ENABLE THEM TO BE SUCCESSFUL LIFELONG LEARNERS AND CITIZENS IN A DIVERSE SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A CHARTER SCHOOL PROVIDING EDUCATIONAL OPPORTUNITIES TO THE SURROUNDING COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Bauer Executive Dir. | Officer | 40 | $340,564 |
Julia Howelman Adminstrator | 40 | $192,803 | |
Caroline Mitchell Teacher | 40 | $167,608 | |
David Bensinger Administrator | 40 | $170,587 | |
Lori Zaragoza Administrator | 40 | $171,844 | |
Karla Diamond Administrator | 40 | $166,853 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tcg Administrators Benefits Administration | 6/29/22 | $323,239 |
Young Minney & Corr Llp Law Services | 6/29/22 | $137,666 |
Cw Driver Llc Builder Services | 6/29/22 | $12,611,077 |
Class Leasing Leasing | 6/29/22 | $156,756 |
School Outfitters Furniture Supplier | 6/29/22 | $276,945 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $94,504,789 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,979,689 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,484,478 |
| Total Program Service Revenue | $0 |
| Investment income | $839,538 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $64,201 |
| 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 | $98,388,217 |
| 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. | $447,976 |
| Compensation of current officers, directors, key employees. | $447,976 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,998,275 |
| Pension plan accruals and contributions | $9,858,343 |
| Other employee benefits | $7,041,451 |
| Payroll taxes | $1,436,527 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $463,536 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,434,452 |
| Advertising and promotion | $871 |
| Office expenses | $33,049 |
| Information technology | $226,371 |
| Royalties | $0 |
| Occupancy | $1,858,183 |
| Travel | $147,036 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,959,296 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,091,784 |
| Insurance | $733,740 |
| All other expenses | $0 |
| Total functional expenses | $91,278,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,543,132 |
| Savings and temporary cash investments | $15,676,658 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,624,850 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,603 |
| Prepaid expenses and deferred charges | $639,613 |
| Net Land, buildings, and equipment | $65,278,715 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,422,751 |
| Total assets | $134,209,322 |
| Accounts payable and accrued expenses | $15,534,299 |
| Grants payable | $0 |
| Deferred revenue | $5,079,588 |
| Tax-exempt bond liabilities | $70,004,593 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $373,779 |
| Total liabilities | $90,992,259 |
| Net assets without donor restrictions | $36,532,291 |
| Net assets with donor restrictions | $6,684,772 |
| 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 | $134,209,322 |