Life Source International Schools
- Assets
- $6.7m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 64
- Location
- Lancaster, CA
- Founding
- 06/2011
- Data as of
- 06/2021
- EIN
- 26-1375692
Organization Overview
Life Source International Schools is located in Lancaster, CA. The organization was established in 2011. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Life Source International Schools employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Source International 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 06/2021, Life Source International Schools generated $5.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $5.0m during the year ending 06/2021. While expenses have increased by 4.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE COMMITTED TO ACADEMIC EXCELLENCE BY VIGOROUSLY ENGAGING STUDENTS IN A RIGOROUS, STUDENT-CENTERED LEARNING ENVIRONMENT THAT WILL FOSTER THE DEVELOPMENT OF GLOBAL CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF PUBLIC CHARTER SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Deberae Culpepper Executive Dir. | Officer | 40 | $211,835 |
Jeffrey Patterson President | Officer | 0 | $0 |
Joseph Laing Treasurer | Officer | 0 | $0 |
Ronald Willis Secretary | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,902,843 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,338 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,924,181 |
| Total Program Service Revenue | $0 |
| Investment income | $74 |
| 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 | $5,924,255 |
| 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. | $211,835 |
| Compensation of current officers, directors, key employees. | $211,835 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,562,061 |
| Pension plan accruals and contributions | $215,204 |
| Other employee benefits | $222,395 |
| Payroll taxes | $45,248 |
| Fees for services: Management | $104,985 |
| Fees for services: Legal | $56,882 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $813,393 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $11,735 |
| Royalties | $0 |
| Occupancy | $130,923 |
| Travel | $33,567 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $275,365 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $234,923 |
| Insurance | $34,424 |
| All other expenses | $112,855 |
| Total functional expenses | $4,980,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $521,964 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,498,795 |
| 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 | $132,409 |
| Net Land, buildings, and equipment | $3,521,824 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,950 |
| Total assets | $6,698,942 |
| Accounts payable and accrued expenses | $853,197 |
| Grants payable | $0 |
| Deferred revenue | $218,388 |
| 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 | $2,948,809 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $57,689 |
| Total liabilities | $4,078,083 |
| Net assets without donor restrictions | $2,620,859 |
| 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 | $6,698,942 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Life Source International Schools has recieved totaling $34.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $34 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnerships To Uplift Communities Los Angeles Burbank, CA | $14,420,401 | $24,912,837 |
Literacy First Charter Schools El Cajon, CA | $29,290,072 | $23,446,904 |
Voices College-Bound Language Academies San Jose, CA | $26,350,864 | $21,078,147 |
Santa Rosa Academy Incorporated Menifee, CA | $46,198,054 | $16,730,823 |
Siatech Inc Oceanside, CA | $9,582,548 | $15,818,647 |
Grow Public Schools Bakersfield, CA | $14,803,093 | $23,549,288 |
Natomas Charter School Sacramento, CA | $32,806,693 | $20,875,289 |
Arizona Community Development Corporation Tucson, AZ | $20,473,547 | $20,902,974 |
Vista Charter Public Schools Los Angeles, CA | $62,725,425 | $20,964,484 |
Roseland Charter School Santa Rosa, CA | $53,872,700 | $25,562,169 |
Ofl William S Hart Inc Pasadena, CA | $11,952,405 | $20,153,084 |
New Designs Charter School Los Angeles, CA | $56,545,069 | $20,507,111 |