Valley Charter Schools
- Assets
- $8.5m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 115
- Location
- North Hills, CA
- Founding
- 02/2010
- Data as of
- 06/2023
- EIN
- 27-0174003
Organization Overview
Valley Charter Schools is located in North Hills, CA. The organization was established in 2010. 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, Valley Charter Schools employed 115 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Charter 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 06/2023, Valley Charter Schools generated $9.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $8.7m during the year ending 06/2023. While expenses have increased by 8.5% 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
TO OPERATE TWO CALIFORNIA PUBLIC CHARTER SCHOOLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
VALLEY CHARTER ELEMENTARY IS A PUBLIC CHARTER SCHOOL SERVING APPROXIMATELY 285 STUDENTS IN GRADES KINDERGARTEN THROUGH 5TH GRADE, AND VALLEY CHARTER MIDDLE SCHOOL IS A PUBLIC CHARTER SCHOOL SERVING APPROXIMATELY 227 STUDENTS IN GRADES 6TH THROUGH 8TH GRADE FOR THE YEAR ENDED JUNE 30, 2023.
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 |
|---|---|---|---|
Daniel Chang Chair | OfficerTrustee | 2 | $0 |
Angelia Saldivar Secretary | OfficerTrustee | 1 | $0 |
Alex Farivar Treasurer | OfficerTrustee | 1 | $0 |
Jennifer Bennett Member | Trustee | 1 | $0 |
Gretchen Morgan Member | Trustee | 1 | $0 |
Carolyn Yaffe Executive Director | Officer | 40 | $182,224 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arc After School Services | 6/29/23 | $264,995 |
Revolution Foods Pbc Meal Vendor | 6/29/23 | $216,720 |
Total Education Solutions Special Education Services | 6/29/23 | $183,202 |
Carlen Construction Playground Construction | 6/29/23 | $166,916 |
Exed Back Office Services | 6/29/23 | $140,878 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,976,661 |
| All other contributions, gifts, grants, and similar amounts not included above | $230,290 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,206,951 |
| Total Program Service Revenue | $0 |
| Investment income | $1,735 |
| 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 | $9,219,360 |
| 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. | $260,233 |
| Compensation of current officers, directors, key employees. | $260,233 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,718,893 |
| Pension plan accruals and contributions | $529,234 |
| Other employee benefits | $483,267 |
| Payroll taxes | $138,581 |
| Fees for services: Management | $52,655 |
| Fees for services: Legal | $87,252 |
| Fees for services: Accounting | $33,836 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,467,441 |
| Advertising and promotion | $40,732 |
| Office expenses | $162,456 |
| Information technology | $61,565 |
| Royalties | $0 |
| Occupancy | $922,310 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,735 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,671 |
| Insurance | $95,039 |
| All other expenses | $0 |
| Total functional expenses | $8,697,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,770,383 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,976,986 |
| 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 | $221,204 |
| Net Land, buildings, and equipment | $445,736 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,038,620 |
| Total assets | $8,452,929 |
| Accounts payable and accrued expenses | $1,021,909 |
| Grants payable | $0 |
| Deferred revenue | $1,527,714 |
| 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 | $1,019,444 |
| Total liabilities | $3,569,067 |
| Net assets without donor restrictions | $4,883,862 |
| 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 | $8,452,929 |