Texas Charter School Development Inc is located in Los Angeles, CA. The organization was established in 2015. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Charter School Development 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 12/2023, Texas Charter School Development Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $3.9m during the year ending 12/2023. While expenses have increased by 14.3% per year over the past 9 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 SUPPORT PCSD'S MISSION TO PROVIDE LONG-TERM AFFORDABLE FACILITIES SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED LONG-TERM AFFORDABLE FACILITIES SOLUTIONS INCREASING THE AVAILABILITY OF HIGH QUALITY CHARTER SCHOOLS FOR UNDERSERVED STUDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Sun President & CEO | OfficerTrustee | 10 | $0 |
Kahlmus Eatman COO | Officer | 6 | $0 |
Scarlet Sy CFO | Officer | 10 | $0 |
Mera Baker Ramos Secretary | Officer | 10 | $0 |
Eric Johnson Chairman | Trustee | 2 | $0 |
Paul Habibi Secretary | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Capital Impact Partners Financial Services | 12/30/18 | $495,871 |
Exed Facilities Xiv Llc Financial Services | 12/30/18 | $366,484 |
Cyril-blain Pico Real Estate | 12/30/18 | $181,810 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
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 | $0 |
Total Program Service Revenue | $1,598,821 |
Investment income | $56,650 |
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 | $1,655,471 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $3,881,882 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
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 | $0 |
Advertising and promotion | $0 |
Office expenses | $51 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $54,665 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $3,946,850 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $736,025 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $165,909 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $1,739,055 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $10,253,141 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $500,212 |
Total assets | $13,394,342 |
Accounts payable and accrued expenses | $865,151 |
Grants payable | $0 |
Deferred revenue | $9,250,000 |
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 | $6,405,423 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $164,437 |
Total liabilities | $16,685,011 |
Net assets without donor restrictions | -$3,290,669 |
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 | $13,394,342 |