Santa Rosa Academy Incorporated
- Assets
- $50.1m
- Revenue
- $26.0m
- Investments
- $0.0
- Employees
- 266
- Location
- Menifee, CA
- Founding
- 09/2006
- Data as of
- 06/2023
- EIN
- 20-3165841
Organization Overview
Santa Rosa Academy Incorporated is located in Menifee, 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 06/2023, Santa Rosa Academy Incorporated employed 266 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Rosa Academy Incorporated 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 06/2023, Santa Rosa Academy Incorporated generated $26.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $19.8m during the year ending 06/2023. While expenses have increased by 4.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION~TO CREATE A SCHOOL THAT IS HIGHLY REGARDED FOR ACADEMIC EXCELLENCE WITHIN A FLEXIBLE AND INNOVATIVE LEARNING ENVIRONMENT THAT WILL EFFECTIVELY DEVELOP, SUSTAIN AND ENHANCE THE SKILLS NECESSARY TO BE LIFE LONG LEARNERS AND PRODUCTIVE CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A PUBLIC CHARTER SCHOOL GRADES K-12 SERVES STUDENTS IN RIVERSIDE COUNTY WITH SITE BASED, HOME STUDY AND COMBINATION HOME STUDY/ON-SITE PROGRAMS WITH ACCREDITATION APPROVED BY THE SCHOOLS COMMISSION OF THE WESTERN ASSOCIATION OF SCHOOLS AND COLLEGES.
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 |
|---|---|---|---|
Scott Mason President/at | OfficerTrustee | 2 | $0 |
Kellie Welty Secretary | OfficerTrustee | 2 | $0 |
Gina Gonzalez Treasurer/co | OfficerTrustee | 2 | $0 |
Brooke Snell Parent Membe | Trustee | 2 | $0 |
Eric Russell Parent Membe | Trustee | 2 | $0 |
Chiara Santi Community Me | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hansberger & Klein Law Corp | 6/29/23 | $194,830 |
Formation Technology Llc Tech Service | 6/29/23 | $157,770 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,709,367 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,395,740 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,105,107 |
| Total Program Service Revenue | $0 |
| Investment income | $302,404 |
| 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 | $25,976,715 |
| 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. | $169,744 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,762,723 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,641,062 |
| Payroll taxes | $421,960 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $261,880 |
| Fees for services: Accounting | $20,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,060,170 |
| Advertising and promotion | $26,360 |
| Office expenses | $0 |
| Information technology | $269,779 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $80,097 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,552,256 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,114,142 |
| Insurance | $127,727 |
| All other expenses | $26,132 |
| Total functional expenses | $19,753,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,009,985 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,382,892 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $31,016,620 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,362,497 |
| Investments—publicly traded securities | $7,365,253 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $50,137,247 |
| Accounts payable and accrued expenses | $991,614 |
| Grants payable | $0 |
| Deferred revenue | $1,177,766 |
| Tax-exempt bond liabilities | $30,035,077 |
| 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 | $776,129 |
| Total liabilities | $32,980,586 |
| Net assets without donor restrictions | $17,156,661 |
| 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 | $50,137,247 |