Learning Choice Academy
- Assets
- $17.4m
- Revenue
- $13.6m
- Investments
- $0.0
- Employees
- 136
- Location
- La Mesa, CA
- Founding
- 12/2006
- Data as of
- 06/2022
- EIN
- 20-1240743
Organization Overview
Learning Choice Academy is located in La Mesa, CA. The organization was established in 2006. 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, Learning Choice Academy employed 136 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Learning Choice 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, Learning Choice Academy generated $13.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $13.2m during the year ending 06/2022. While expenses have increased by 6.1% 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 EDUCATE ALL STUDENTS IN AN INTEGRATED SETTING TO BECOME RESPONSIBLE, LITERATE, THINKING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
K-12 EDUCATION AND OPERATION OF 3 CHARTER SHCHOOLS: LEARNING CHOICE ACADEMY, LEARNING CHOICE ACADEMY-CHULA VISTA AND LEARNING CHOICE ACADEMY- EAST COUNTY.
K-12 EDUCATION AND OPERATION OF 3 CHARTER SHCHOOLS: LEARNING CHOICE ACADEMY, LEARNING CHOICE ACADEMY-CHULA VISTA AND LEARNING CHOICE ACADEMY- EAST COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debi Gooding Executive Di | Officer | 40 | $171,047 |
Mary A Leeds Assistant Di | 40 | $135,254 | |
Jeffrey Fechner Assistant Di | 40 | $128,690 | |
Mary Kniss Food Svc/int | 40 | $109,613 | |
Renee Olmeda Events Coord | 40 | $101,598 | |
Alisa Cunningham Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Julius H Zolezzi Rent | 6/29/22 | $393,215 |
Wilson Property Services Inc Rent | 6/29/22 | $224,312 |
Ami Management Group Rent | 6/29/22 | $136,265 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,163,507 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,173,507 |
| Total Program Service Revenue | $0 |
| Investment income | $16,845 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $75,816 |
| 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 | $13,588,292 |
| 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. | $171,047 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,719,953 |
| Pension plan accruals and contributions | $1,270,097 |
| Other employee benefits | $738,115 |
| Payroll taxes | $239,465 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,262 |
| Fees for services: Accounting | $577,006 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $561,271 |
| Advertising and promotion | $57,589 |
| Office expenses | $108,447 |
| Information technology | $102,139 |
| Royalties | $0 |
| Occupancy | $1,065,351 |
| Travel | $7,855 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $75,261 |
| Interest | $263,463 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $265,767 |
| Insurance | $46,853 |
| All other expenses | $47,733 |
| Total functional expenses | $13,186,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,116,511 |
| Savings and temporary cash investments | $1,953,736 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,752,060 |
| 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 | $224,595 |
| Net Land, buildings, and equipment | $9,263,017 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $66,323 |
| Total assets | $17,376,242 |
| Accounts payable and accrued expenses | $545,515 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $9,040,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $291,668 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $870,547 |
| Total liabilities | $10,747,730 |
| Net assets without donor restrictions | $5,319,573 |
| Net assets with donor restrictions | $1,308,939 |
| 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 | $17,376,242 |