Synergy Academies
- Assets
- $22.4m
- Revenue
- $21.6m
- Investments
- $0.0
- Employees
- 196
- Location
- Los Angeles, CA
- Founding
- 08/2005
- Data as of
- 06/2022
- EIN
- 20-0672173
Organization Overview
Synergy Academies, operating under the name Synergy Charter Academy Synergy Kinetic Academy & Synergy Quantum Academy, is located in Los Angeles, CA. The organization was established in 2005. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Synergy Charter Academy Synergy Kinetic Academy & Synergy Quantum Academy employed 196 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Synergy Charter Academy Synergy Kinetic Academy & Synergy Quantum Academy 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, Synergy Charter Academy Synergy Kinetic Academy & Synergy Quantum Academy generated $21.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $19.9m during the year ending 06/2022. While expenses have increased by 3.7% 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
SYNERGY ACADEMIES' MISSION IS TO CREATE AND SHARE SOLUTIONS THAT ELIMINATE THE ACHIEVEMENT GAP. SYNERGY CREATES AND SHARES SOLUTIONS THROUGH THE OPERATION OF URBAN PUBLIC CHARTER SCHOOLS IN SOUTH LOS ANGELES THAT IMPLEMENT A HOLISTIC APPROACH TO EDUCATION, BELIEVE IN COLLECTIVE ACCOUNTABILITY, AND SHARE BEST PRACTICES THROUGH PROFESSIONAL COLLABORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC CHARTER SCHOOLS SERVICING GRADES K-5, 6-8, AND 9-12. THE SCHOOLS OFFERED 180 DAYS OF INSTRUCTION AND SERVED APPROXIMATELY 1,178 STUDENTS DURING THE 2021-22 FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Epps Chief Achievement Officer | 40 | $163,777 | |
Rhonda Deomampo Chief Executive Officer | Officer | 40 | $161,432 |
Johana Knight Principal, Sqa | 40 | $138,218 | |
Christina Vogel Chief Operating Officer | Officer | 40 | $136,980 |
Christine Bradford Principal, Ska | 40 | $131,872 | |
Melissa Kaplan Teacher | 40 | $127,054 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Directed Educational Services Educational Staffing | 6/29/18 | $365,061 |
After-school All-stars Los Angeles Ases Services | 6/29/18 | $274,485 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,309,490 |
| All other contributions, gifts, grants, and similar amounts not included above | $88,496 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,397,986 |
| Total Program Service Revenue | $0 |
| Investment income | $3,736 |
| 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 | $21,618,793 |
| 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. | $385,848 |
| Compensation of current officers, directors, key employees. | $57,877 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,096,800 |
| Pension plan accruals and contributions | $1,591,129 |
| Other employee benefits | $1,130,151 |
| Payroll taxes | $361,162 |
| Fees for services: Management | $150,917 |
| Fees for services: Legal | $154,380 |
| 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 | $1,817,277 |
| Advertising and promotion | $0 |
| Office expenses | $153,902 |
| Information technology | $154,275 |
| Royalties | $0 |
| Occupancy | $1,210,032 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,100 |
| Insurance | $216,725 |
| All other expenses | $0 |
| Total functional expenses | $19,909,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,018,334 |
| Savings and temporary cash investments | $12,094,878 |
| Pledges and grants receivable | $3,770,980 |
| Accounts receivable, net | $3,887 |
| 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 | $514,191 |
| Net Land, buildings, and equipment | $1,650 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,403,920 |
| Accounts payable and accrued expenses | $1,055,888 |
| Grants payable | $0 |
| Deferred revenue | $1,274,702 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $221,004 |
| Total liabilities | $2,551,594 |
| Net assets without donor restrictions | $19,808,926 |
| Net assets with donor restrictions | $43,400 |
| 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 | $22,403,920 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Synergy Academies has recieved totaling $363.
| Awarding Organization | Amount |
|---|---|
Northrop Grumman Foundation Falls Church, VA PURPOSE: GENERAL OPERATING GRANTS & MATCHING GIFTS. | $300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $63 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Francis Parker School San Diego, CA | $194,908,820 | $57,687,551 |
La Jolla Country Day School La Jolla, CA | $114,865,046 | $46,001,052 |
Sierra Canyon High School Foundation Chatsworth, CA | $85,774,367 | $48,990,674 |
Mid-Pacific Institute Honolulu, HI | $101,803,937 | $45,053,597 |
St Margaret Of Scotland Episcopal School San Juan Capistrano, CA | $134,064,500 | $40,914,385 |
Polytechnic School Pasadena, CA | $171,943,339 | $44,872,252 |
Robert Louis Stevenson School Pebble Beach, CA | $122,648,077 | $40,501,209 |
Head-Royce School Oakland, CA | $139,836,677 | $50,710,547 |
Leman Academy Of Excellence Inc Tucson, AZ | $127,912,652 | $38,356,100 |
San Domenico School San Anselmo, CA | $70,945,076 | $41,031,926 |
Alexander Dawson Foundation Las Vegas, NV | $318,582,392 | $50,508,481 |
Buckley School Sherman Oaks, CA | $161,147,758 | $37,463,452 |