Capitol Collegiate Inc
- Assets
- $2.7m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 59
- Location
- Sacramento, CA
- Founding
- 01/2011
- Data as of
- 06/2021
- EIN
- 27-1643490
Organization Overview
Capitol Collegiate Inc is located in Sacramento, 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, Capitol Collegiate Inc employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capitol Collegiate 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, Capitol Collegiate Inc generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $5.2m during the year ending 06/2021. While expenses have increased by 11.4% 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
TO PREPARE STUDENTS TO COMPETE, ACHIEVE AND LEAD IN SCHOOL AND IN LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EDUCATION PHILOSOPHY OF CAPITOL COLLEGIATE ACADEMY IS BASED ON TWO CORE IDEAS: A COHESIVE CULTURE AND A CHALLENGING CURRICULUM. BOTH OF THESE ARE GROUNDED IN THE ABSOLUTE BELIEF THAT ALL STUDENTS, REGARDLESS OF THEIR BACKGROUNDS, HAVE THE RIGHT TO AN EXCELLENT, COLLEGE-PREPARATORY EDUCATION STARTING IN KINDERGARTEN. THE SCHOOL SERVED APPROXIMATELY 350 STUDENTS OVER THE COURSE OF 175 DAYS OF INSTRUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cristin Fiorelli Principal | Officer | 40 | $141,375 |
Jenna Elam Chair | OfficerTrustee | 2 | $0 |
Melissa Colon Member | Trustee | 2 | $0 |
Tyler Deaton Member | Trustee | 2 | $0 |
Penny Schwinn Member | Trustee | 2 | $0 |
Charlie Moynahan Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,476,221 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,476,221 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $5,486,593 |
| 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. | $147,900 |
| Compensation of current officers, directors, key employees. | $29,580 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,607,840 |
| Pension plan accruals and contributions | $504,877 |
| Other employee benefits | $246,727 |
| Payroll taxes | $133,586 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,674 |
| Fees for services: Accounting | $55,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $285,567 |
| Advertising and promotion | $7,671 |
| Office expenses | $46,559 |
| Information technology | $11,979 |
| Royalties | $0 |
| Occupancy | $333,657 |
| Travel | $3,038 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,766 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,012 |
| Insurance | $55,430 |
| All other expenses | $0 |
| Total functional expenses | $5,198,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $603,180 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,655,872 |
| 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 | $27,422 |
| Net Land, buildings, and equipment | $417,367 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,703,841 |
| Accounts payable and accrued expenses | $195,811 |
| Grants payable | $0 |
| Deferred revenue | $251,898 |
| 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 | $0 |
| Total liabilities | $447,709 |
| Net assets without donor restrictions | $2,256,132 |
| 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 | $2,703,841 |
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