High Tech High
- Assets
- $66.9m
- Revenue
- $84.7m
- Investments
- $0.0
- Employees
- 1,061
- Location
- San Diego, CA
- Founding
- 11/1999
- Data as of
- 06/2022
- EIN
- 33-0866664
Organization Overview
High Tech High is located in San Diego, CA. The organization was established in 1999. 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 06/2022, High Tech High employed 1,061 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. High Tech High 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, High Tech High generated $84.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $81.5m during the year ending 06/2022. While expenses have increased by 4.8% 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
HIGH TECH HIGH PROVIDES EDUCATION TO STUDENTS THROUGH THE OPERATION OF ITS CHARTER SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF PUBLIC CHARTER SCHOOLS: OVER 5,000 STUDENTS ATTEND HIGH TECH HIGH OPERATED PUBLIC CHARTER SCHOOLS IN GRADES K-12. HIGH TECH HIGH'S STUDENTS GRADUATE WITH 100% OF THE 'A-G' REQUIREMENTS FOR UNIVERSITY OF CALIFORNIA ADMISSION SATISFIED. THIS COMPARES TO ROUGHLY 1/3 OF HIGH SCHOOL STUDENTS THROUGHOUT THE STATE OF CALIFORNIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Jacobs Chair | OfficerTrustee | 5 | $0 |
Hector Perez Secretary | OfficerTrustee | 5 | $0 |
Albert Lin Trustee | OfficerTrustee | 2 | $0 |
Bernadette Bach Trustee | OfficerTrustee | 2 | $0 |
Lida Rajita Trustee | OfficerTrustee | 2 | $0 |
Jackie Chen Chief Financial Officer | Officer | 40 | $158,298 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sound Therapies Inc Therapy Services | 6/29/22 | $541,202 |
Robert Half International Staffing & Hiring | 6/29/22 | $206,985 |
Banyan Tree Educational Services Special Education | 6/29/22 | $170,441 |
Yellowstone Boys & Girls Ranch Therapy Services | 6/29/22 | $112,406 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $750,077 |
| Government grants | $80,619,871 |
| All other contributions, gifts, grants, and similar amounts not included above | $185,366 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,555,314 |
| Total Program Service Revenue | $2,734,175 |
| Investment income | $140,272 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $89,828 |
| 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 | $84,659,231 |
| 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. | $203,500 |
| Compensation of current officers, directors, key employees. | $203,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,553,037 |
| Pension plan accruals and contributions | $10,338,980 |
| Other employee benefits | $1,834,468 |
| Payroll taxes | $4,128,707 |
| Fees for services: Management | $300,591 |
| Fees for services: Legal | $311,934 |
| Fees for services: Accounting | $173,886 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,441,107 |
| Advertising and promotion | $2,861 |
| Office expenses | $159,371 |
| Information technology | $669,984 |
| Royalties | $0 |
| Occupancy | $6,279,119 |
| Travel | $327,117 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $123,353 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,770,490 |
| Insurance | $444,604 |
| All other expenses | $4,457,206 |
| Total functional expenses | $81,520,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170 |
| Savings and temporary cash investments | $27,166,303 |
| Pledges and grants receivable | $885,632 |
| Accounts receivable, net | $9,024,540 |
| 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 | $122,936 |
| Net Land, buildings, and equipment | $28,269,715 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $56,081 |
| Intangible assets | $0 |
| Other assets | $1,398,195 |
| Total assets | $66,923,572 |
| Accounts payable and accrued expenses | $7,202,068 |
| Grants payable | $0 |
| Deferred revenue | $6,414,076 |
| 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 | $16,936,955 |
| Total liabilities | $30,553,099 |
| Net assets without donor restrictions | $35,756,485 |
| Net assets with donor restrictions | $613,988 |
| 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 | $66,923,572 |