East Palo Alto Academy Foundation
- Assets
- $3.8m
- Revenue
- $2.0m
- Investments
- $606.6k
- Employees
- 7
- Location
- Palo Alto, CA
- Founding
- 09/2006
- Data as of
- 06/2022
- EIN
- 20-2699147
Organization Overview
East Palo Alto Academy Foundation, operating under the name Stanford New Schools, is located in Palo Alto, CA. The organization was established in 2006. 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, Stanford New Schools employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stanford New Schools 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, Stanford New Schools generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. While expenses have increased by 0.3% 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
FUNDS DIRECT SERVICES AND COLLEGE SCHOLARSHIPS FOR EAST PALO ALTO ACADEMY STUDENTS AND GRADUATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EFFECTIVE AUGUST 1, 2014, EAST PALO ALTO ACADEMY FOUNDATION (PRIOR TO JULY 1, 2017, KNOWN AS STANFORD SCHOOLS CORPORATION) SERVES AS A NON-PROFIT ORGANIZATION, SUPPORTING A PUBLIC CHARTER SCHOOL, EAST PALO ALTO ACADEMY, IN TWO WAYS. FIRST, EAST PALO ALTO ACADEMY FOUNDATION (EPAAF) FUNDS DIRECT SERVICES FOR THE HIGH SCHOOL INCLUDING: EARLY COLLEGE COURSES, WHERE STUDENTS EARN COLLEGE CREDIT DURING THEIR REGULAR SCHOOL DAY; THE DREAM LAB, A MAKERSPACE WHERE STUDENTS ENGAGE IN HANDS-ON STEM LEARNING AND DEVELOP CREATIVE PROBLEM-SOLVING AND COMMUNICATION SKILLS; AND WRAPAROUND SERVICES THAT SUPPORT STUDENTS' MENTAL HEALTH AND READINESS TO LEARN. SECOND, EPAAF OFFERS COLLEGE SCHOLARSHIP FUNDS TO A SELECT NUMBER OF UNDERGRADUATE COLLEGE STUDENTS, ALL OF WHOM GRADUATED FROM EAST PALO ALTO ACADEMY.EAST PALO ALTO ACADEMY PROVIDES A HIGH QUALITY EDUCATION FOR APPROXIMATELY 343 STUDENTS. THE STUDENT POPULATION IS APPROXIMATELY 87% LATINO/A/X, 6% AFRICAN-AMERICAN, 6% PACIFIC ISLANDERS, AND 1% WHITE (CA SCHOOL DASHBOARD). 65% OF STUDENTS WILL BE THE FIRST IN THEIR FAMILIES TO GRADUATE HIGH SCHOOL, AND 83% WILL BE FIRST-GENERATION COLLEGE STUDENTS. APPROXIMATELY 75% OF THE STUDENTS ARE ENGLISH LANGUAGE LEARNERS. THE HIGH SCHOOL CONTINUES TO FOCUS ON CULTURALLY RESPONSIVE CURRICULUM, RIGOROUS COLLEGE PREPARATION, AND HIGH STANDARDS AND HIGH SUPPORT FOR STUDENTS IN PURSUIT OF OUR AMBITIOUS VISION THAT "ALL STUDENTS WILL GRADUATE COLLEGE-READY, EMPOWERED WITH THE KNOWLEDGE, SKILLS, AND PASSION TO POSITIVELY IMPACT THEIR OWN LIVES, THEIR COMMUNITY, AND THE GLOBAL SOCIETY." WE ARE PROUD TO SHARE OUR AVERAGE 92% HIGH SCHOOL GRADUATION RATE AND OVER 73% 2- AND 4-YEAR COLLEGE ENROLLMENT RATE.ON JULY 1, 2017 STANFORD NEW SCHOOLS CORPORATION BECAME EAST PALO ALTO ACADEMY FOUNDATION.
DUE TO THE COVID-19 PANDEMIC, EPAAF STARTED IN MARCH 2020, AN EMERGENCY AID FUND TO HELP EAST PALO ALTO ACADEMY STUDENTS, COLLEGE-GOING GRADUATES AND THEIR FAMILIES TO MEET BASIC NEEDS SUCH AS RENT, GROCERIES AND DISTANCE LEARNING NEEDS. EPAAF WAS ABLE TO HELP OVER 5 RECIPIENTS AND DISTRIBUTED $2,137 IN EMERGENCY AID DURING THE 2021-2022 YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elisabeth Landa Executive Director (thru 10/31/22) | Officer | 40 | $127,533 |
Laura A Murawczyk President | OfficerTrustee | 1 | $0 |
Polly Liu Director | Trustee | 0.5 | $0 |
Daniel Lewis Schwartz Director | Trustee | 0.5 | $0 |
Angela Nomellini Director | Trustee | 0.5 | $0 |
Mindy Rogers Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,958,440 |
| Noncash contributions included in lines 1a–1f | $68,607 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,958,440 |
| Total Program Service Revenue | $0 |
| Investment income | $6,912 |
| 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 | $1,965,599 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $749,286 |
| Grants and other assistance to domestic individuals. | $389,069 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $152,672 |
| Compensation of current officers, directors, key employees. | $25,487 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $173,597 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,334 |
| Payroll taxes | $24,320 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $542 |
| Fees for services: Accounting | $47,556 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,787 |
| Advertising and promotion | $0 |
| Office expenses | $24,439 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,382 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,616 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,542 |
| All other expenses | $0 |
| Total functional expenses | $1,694,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,656,547 |
| Savings and temporary cash investments | $1,423,608 |
| Pledges and grants receivable | $118,267 |
| Accounts receivable, net | $0 |
| 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 | $9,523 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $606,586 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,814,531 |
| Accounts payable and accrued expenses | $31,620 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $500,000 |
| Total liabilities | $531,620 |
| Net assets without donor restrictions | $2,014,097 |
| Net assets with donor restrictions | $1,268,814 |
| 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 | $3,814,531 |