Equitas Academy Charter School Inc
- Assets
- $27.0m
- Revenue
- $36.7m
- Investments
- $0.0
- Employees
- 274
- Location
- Los Angeles, CA
- Founding
- 01/2009
- Data as of
- 06/2021
- EIN
- 26-2439216
Organization Overview
Equitas Academy Charter School Inc is located in Los Angeles, CA. The organization was established in 2009. 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, Equitas Academy Charter School Inc employed 274 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Equitas Academy Charter School Inc 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, Equitas Academy Charter School Inc generated $36.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $34.0m during the year ending 06/2021. While expenses have increased by 20.0% 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
EQUITAS ACADEMY OPERATES 4 PUBLIC CHARTER SCHOOLS PROVIDING EDUCATION TO GRADES K-8 IN FISCAL YEAR 2020-2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
EQUITAS ACADEMY PROVIDES A STRUCTURED, ACHIEVEMENT BASED COMMUNITY THAT PREPARES K-8 STUDENTS TO GRADUATE FROM COLLEGE-PREPARATORY HIGH SCHOOLS, FOUR-YEAR COLLEGES, AND UNIVERSITIES. THE ORGANIZATION OPERATES 5 CHARTER SCHOOL SERVING OVER 1,800 STUDENTS.
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 |
|---|---|---|---|
Malka Borrego Chief Executive Officer | Officer | 43 | $255,618 |
Leslie Chang Chief Schools Officer | Officer | 43 | $225,621 |
Maggie Ford Chief Operating Officer | Officer | 43 | $211,232 |
Nicolas Orlando Chief Of Staff | 43 | $180,307 | |
Kelli Kilty Head Of Schools Elementry | 43 | $158,460 | |
Nancy Villagomez Head Of School Middle | 43 | $132,410 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Total Education Solutions Inc Special Education | 6/29/21 | $309,593 |
Revolutions Foods Inc Nutrition Program Food Provider | 6/29/21 | $1,103,503 |
Be Everything Llc Strategic Planning Analysis | 6/29/21 | $166,083 |
Exed Back Office Services | 6/29/21 | $433,649 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,846,204 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,290,254 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,136,458 |
| Total Program Service Revenue | $0 |
| Investment income | $526,415 |
| 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 | $36,662,873 |
| 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. | $709,514 |
| Compensation of current officers, directors, key employees. | $449,679 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,094,933 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,355,292 |
| Payroll taxes | $2,824,412 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $1,777,005 |
| Advertising and promotion | $66,854 |
| Office expenses | $125,986 |
| Information technology | $143,067 |
| Royalties | $0 |
| Occupancy | $4,561,504 |
| Travel | $9,561 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,025 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $178,036 |
| Insurance | $136,019 |
| All other expenses | $1,554,617 |
| Total functional expenses | $34,021,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,657,173 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,199,200 |
| 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 | $670,879 |
| Net Land, buildings, and equipment | $3,489,568 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,009,963 |
| Total assets | $27,026,783 |
| Accounts payable and accrued expenses | $2,506,215 |
| 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 | $779,178 |
| Unsecured mortgages and notes payable | $2,580,023 |
| Other liabilities | $4,101,811 |
| Total liabilities | $9,967,227 |
| Net assets without donor restrictions | $17,059,556 |
| 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 | $27,026,783 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Equitas Academy Charter School Inc has recieved totaling $857,974.
| Awarding Organization | Amount |
|---|---|
Charter Fund Inc Broomfield, CO PURPOSE: CHARTER SCHOOL GROWTH | $600,000 |
Ralph M Parsons Foundation Los Angeles, CA PURPOSE: FOR GENERAL SUPPORT OF EDUCATION AND ENRICHMENT PROGRAMS | $100,000 |
Joseph Drown Foundation Los Angeles, CA PURPOSE: OPERATING SUPPORT | $65,000 |
Charter Fund Inc Broomfield, CO PURPOSE: CHARTER SCHOOL GROWTH | $50,000 |
Great Public Schools Now Los Angeles, CA PURPOSE: 2021 EDUCATION RECOVERY FUND SUMMER OF JOY GRANT | $42,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $974 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rocketship Education Redwood City, CA | $74,871,482 | $120,667,231 |
American Leadership Academy Inc Mesa, AZ | $282,415,478 | $95,654,658 |
Five Keys Schools And Programs San Francisco, CA | $50,545,317 | $97,031,582 |
Inspire Charter Schools Duarte, CA | $15,814,456 | $76,018,441 |
Edkey Inc Mesa, AZ | $135,819,543 | $83,812,049 |
River Springs Charter School Inc Temecula, CA | $93,652,592 | $73,899,584 |
Granada Hills Charter Granada Hills, CA | $124,597,337 | $79,128,584 |
California Online Public Schools San Juan Capistrano, CA | $32,661,705 | $70,303,969 |
Camino Nuevo Charter Academy Los Angeles, CA | $62,441,915 | $60,583,098 |
Gateway Community Charters Mcclellan, CA | $96,780,042 | $72,531,964 |
Visions In Education Carmichael, CA | $94,876,505 | $77,038,173 |
Ofl-Baldwin Park Inc Pasadena, CA | $26,446,895 | $59,505,291 |