High Tech High
- Assets
- $58.8m
- Revenue
- $76.7m
- Investments
- $0.0
- Employees
- 913
- Location
- San Diego, CA
- Founding
- 11/1999
- Data as of
- 06/2021
- 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 06/2021, High Tech High employed 913 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 06/2021, High Tech High generated $76.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $75.0m during the year ending 06/2021. While expenses have increased by 4.2% 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
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: IN 2020-21, OVER 5,000 STUDENTS ATTENDED 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 |
|---|---|---|---|
Larry Rosenstock Former CEO | 40 | $384,764 | |
Patrick Frost General Counsel | Officer | 45 | $258,482 |
Janie Griswold Chief Learning Officer | Officer | 50 | $197,932 |
Joanna Clark Chief Operations Officer | Officer | 45 | $167,640 |
Amanda Wyatt Former CFO | 40 | $167,029 | |
Maria Heredia Former General Counsel | 45 | $161,615 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Top N Catering Llc Food Services | 6/29/21 | $994,392 |
Orrick Herrington And Sutcliffe Llp Legal Services | 6/29/21 | $200,000 |
Kutak Rock Llp Legal Services | 6/29/21 | $200,000 |
Procopio Cory Hargreaves & Savitch Llc Legal Services | 6/29/21 | $171,050 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,401 |
| Related organizations | $887,029 |
| Government grants | $73,253,083 |
| All other contributions, gifts, grants, and similar amounts not included above | $153,245 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,296,758 |
| Total Program Service Revenue | $1,940,563 |
| Investment income | $122,896 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $118,402 |
| 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 | $76,672,129 |
| 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. | $332,350 |
| Compensation of current officers, directors, key employees. | $57,350 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,970,525 |
| Pension plan accruals and contributions | $9,119,175 |
| Other employee benefits | $4,465,698 |
| Payroll taxes | $1,584,217 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $149,659 |
| Fees for services: Accounting | $14,507 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,081,984 |
| Advertising and promotion | $18,142 |
| Office expenses | $146,845 |
| Information technology | $645,368 |
| Royalties | $0 |
| Occupancy | $6,315,408 |
| Travel | $10,701 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,833 |
| Interest | $104,975 |
| Payments to affiliates | $71,500 |
| Depreciation, depletion, and amortization | $1,777,153 |
| Insurance | $245,365 |
| All other expenses | $0 |
| Total functional expenses | $75,008,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170 |
| Savings and temporary cash investments | $9,761,763 |
| Pledges and grants receivable | $18,548,636 |
| Accounts receivable, net | $1,054,191 |
| 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 | $29,222,875 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $39,558 |
| Intangible assets | $0 |
| Other assets | $38,505 |
| Total assets | $58,788,634 |
| Accounts payable and accrued expenses | $5,080,630 |
| Grants payable | $0 |
| Deferred revenue | $3,716,820 |
| 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 | $16,157,541 |
| Total liabilities | $24,954,991 |
| Net assets without donor restrictions | $33,418,005 |
| Net assets with donor restrictions | $415,638 |
| 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 | $58,788,634 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that High Tech High has recieved totaling $4,284.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $2,079 |
Sempra Energy Foundation San Diego, CA PURPOSE: EDUCATION | $1,405 |
Northrop Grumman Foundation Falls Church, VA PURPOSE: GENERAL OPERATING GRANTS & MATCHING GIFTS. | $600 |
Sempra Energy Foundation San Diego, CA PURPOSE: EDUCATION | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Bay Area Schools Oakland, CA | $172,487,625 | $112,257,587 |
Somerset Academy Of Las Vegas Las Vegas, NV | $192,795,065 | $79,621,443 |
High Tech High San Diego, CA | $58,788,634 | $76,672,129 |
Menlo School Atherton, CA | $320,152,000 | $64,317,000 |
Oaks Christian School Westlake Village, CA | $150,419,760 | $62,594,014 |
Summit Public Schools Redwood City, CA | $48,530,707 | $55,546,203 |
El Camino Real Alliance Woodland Hills, CA | $34,397,207 | $53,776,806 |
Milken Community Schools Los Angeles, CA | $80,759,256 | $40,537,524 |
Windward School Los Angeles, CA | $106,329,646 | $41,804,232 |
Orange County School Of The Arts Santa Ana, CA | $14,647,557 | $49,463,330 |
Inner City Education Foundation Los Angeles, CA | $33,345,924 | $41,820,831 |
Crystal Springs Uplands School Hillsborough, CA | $136,020,158 | $40,020,241 |