Da Vinci Schools
- Assets
- $25.3m
- Revenue
- $35.4m
- Investments
- $0.0
- Employees
- 300
- Location
- El Segundo, CA
- Founding
- 06/2009
- Data as of
- 06/2022
- EIN
- 26-3405843
Organization Overview
Da Vinci Schools is located in El Segundo, 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 06/2022, Da Vinci Schools employed 300 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Da Vinci 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, Da Vinci Schools generated $35.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $34.0m during the year ending 06/2022. While expenses have increased by 12.0% 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
ORGANIZE AND OPERATE CHARTER SCHOOLS IN THE WISEBURN SCHOOL DISTRICT GEOGRAPHIC AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE CHARTER SCHOOLS IN THE WISEBURN SCHOOL DISTRICT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Wunder CEO | 40 | $289,045 | |
Jennifer Hawn Cao | 40 | $235,121 | |
Michael Armato CFO | 40 | $206,248 | |
Vicente Bravo COO | 40 | $194,209 | |
Steven Wallis Principal | 40 | $167,719 | |
Donald Brann President | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charter School Management Financial Services | 6/29/22 | $384,810 |
Southern New Hampshire University College Ed Services | 6/29/22 | $314,685 |
Chartwells Dining Serices Food Sevice | 6/29/22 | $732,193 |
Emcorservices Facility Services | 6/29/22 | $207,786 |
Dannom Development Construction Services | 6/29/22 | $224,850 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,062,249 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,286,403 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,348,652 |
| Total Program Service Revenue | $0 |
| Investment income | $8,181 |
| 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 | $35,356,833 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,340,787 |
| Pension plan accruals and contributions | $4,592,846 |
| Other employee benefits | $1,740,752 |
| Payroll taxes | $716,196 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,692 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $240,828 |
| Insurance | $411,024 |
| All other expenses | $226,450 |
| Total functional expenses | $33,992,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,080 |
| Savings and temporary cash investments | $8,270,625 |
| Pledges and grants receivable | $5,470,597 |
| Accounts receivable, net | $540,027 |
| 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 | $286,016 |
| Net Land, buildings, and equipment | $2,980,090 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,745,644 |
| Total assets | $25,309,079 |
| Accounts payable and accrued expenses | $1,063,694 |
| Grants payable | $0 |
| Deferred revenue | $1,647,200 |
| 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 | $8,725,054 |
| Total liabilities | $11,435,948 |
| Net assets without donor restrictions | $12,615,851 |
| Net assets with donor restrictions | $1,257,280 |
| 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 | $25,309,079 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Da Vinci Schools has recieved totaling $368,627.
| Awarding Organization | Amount |
|---|---|
Northrop Grumman Foundation Falls Church, VA PURPOSE: GENERAL OPERATING GRANTS & MATCHING GIFTS. | $200,000 |
New Schools Fund Oakland, CA PURPOSE: INNOVATIVE SCHOOLS | $120,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $21,756 |
H G Clay Foundation Daphne, AL PURPOSE: TO ASSIST DAVINCI SCHOOLS IN IMPROVING THE QUALITY OF LIFE OF STUDENTS BY CULTIVATING CULTURE AND BUILDING FUTURE-READY SKILLS TO HELP SOLVE EDUCAITONAL PROBLEMS. | $20,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,550 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $821 |
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 |