American Honda Education Corporation
- Assets
- $18.4m
- Revenue
- $6.4m
- Investments
- $7.5k
- Employees
- 31
- Location
- Torrance, CA
- Founding
- 08/1991
- Data as of
- 03/2023
- EIN
- 33-0447685
Organization Overview
American Honda Education Corporation is located in Torrance, CA. The organization was established in 1991. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 03/2023, American Honda Education Corporation employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Honda Education Corporation 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 03/2023, American Honda Education Corporation generated $6.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $7.2m during the year ending 03/2023. 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
ESTABLISH A SCHOOL TO EDUCATE YOUTH WHO HAVE NOT BEEN SUCCESSFUL IN CONVENTIONAL SCHOOL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ERS SERVES AS A DEMONSTRATION SCHOOL FOR CURRICULUM DEVELOPMENT, TEACHER EDUCATION, AND RESEARCH IN CONJUNCTION WITH MAJOR COLLEGES, UNIVERSITIES, AND PUBLIC SCHOOLS ACROSS THE UNITED STATES. ERS IS A RESIDENTIAL SCHOOL THAT OPERATES ON A YEAR ROUND SCHEDULE, SEVEN DAYS A WEEK. THE ACADEMIC PROGRAM IS CONDUCTED OVER THREE THIRTEEN-WEEK TRIMESTERS. THE SCHOOL ENROLLS STUDENTS ON FULL SCHOLARSHIPS (COVERING TUITION, ROOM, AND BOARD). GRANTS FOR HIGHER EDUCATION ARE PROVIDED TO STUDENTS WHO GRADUATE THE PROGRAM.
THE PROFESSIONAL DEVELOPMENT CENTER ("PDC") AT ERS HOSTS VISITING LECTURERS FROM AROUND THE COUNTRY AND OFFERS A VARIETY OF LEARNING OPPORTUNITIES TO PRE-STUDENT TEACHERS, STUDENT TEACHERS, GRADUATE STUDENTS AND RESEARCHERS. THE PDC SUPPORTED PUBLIC ALLIES TEACHING FELLOWS, A TEACHER LICENSURE PROGRAM, AND HOSTED VISITOR DAYS ON CAMPUS DURING THE YEAR. THE PDC ALSO SUPPORTED SCHOOL IMPROVEMENT PROJECTS FOR PUBLIC SCHOOLS AROUND THE COUNTRY THROUGH NETWORK LEVERAGED, SCHOOL IMPROVEMENT PROJECTS DESIGNED TO ENGAGE DISENGAGED, UNDERSERVED YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Richardson President & CEO | OfficerTrustee | 1 | $0 |
Lyle Shroyer Secretary & CFO | OfficerTrustee | 1 | $0 |
Alexandra Warnier Director | Trustee | 1 | $0 |
Yvette Hunsicker Director | Trustee | 1 | $0 |
Yuichi Shimizu Director | Trustee | 1 | $0 |
Wade Newton Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ascend Staffing Contract Personnel | 3/30/23 | $602,887 |
Shamrock Foods Food Supply & Distribution | 3/30/23 | $177,441 |
Medica Talent Group Contract Personnel | 3/30/23 | $126,350 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $6,256,445 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,792 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,308,237 |
| Total Program Service Revenue | $0 |
| Investment income | $138,019 |
| 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 | $6,449,166 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $32,319 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $209,798 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,777,037 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $860,788 |
| Payroll taxes | $233,048 |
| 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 | $992,559 |
| Advertising and promotion | $0 |
| Office expenses | $179,968 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $100,365 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,722 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $681,011 |
| Insurance | $89,410 |
| All other expenses | $129,947 |
| Total functional expenses | $7,186,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,878,042 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $236,991 |
| 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 | $82,842 |
| Net Land, buildings, and equipment | $14,213,238 |
| Investments—publicly traded securities | $1,944,674 |
| Investments—other securities | $7,500 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,363,287 |
| Accounts payable and accrued expenses | $507,651 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $507,651 |
| Net assets without donor restrictions | $15,863,692 |
| Net assets with donor restrictions | $1,991,944 |
| 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 | $18,363,287 |