High School Inc Academies Foundation
- Assets
- $905.2k
- Revenue
- $887.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Newport Beach, CA
- Founding
- 03/2012
- Data as of
- 06/2022
- EIN
- 45-3003419
Organization Overview
High School Inc Academies Foundation is located in Newport Beach, CA. The organization was established in 2012. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, High School Inc Academies Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. High School Inc Academies Foundation 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 School Inc Academies Foundation generated $887.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $521.2k during the year ending 06/2022. While expenses have increased by 19.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT BUSINESS-SUPPORTED SCHOOL PROGRAMS AT VALLEY HIGH SCHOOL AND TO CARRY ON OTHER CHARITABLE AND EDUCATIONAL ACTIVITIES ASSOCIATED WITH THIS GOAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGH SCHOOL INC. ACADEMIES FOUNDATION WAS ESTABLISHED FOR TWO PRIMARY REASONS TO FUNDRAISE AND ACT AS THE LIAISON BETWEEN THE BUSINESS COMMUNITY AND THE SCHOOL DISTRICT TO SUPPORT THE WORK OF HIGH SCHOOL INC., A PRIVATE-PUBLIC PARTNERSHIP BETWEEN THE SANTA ANA CHAMBER OF COMMERCE, SANTA ANA UNIFIED SCHOOL DISTRICT, AND THE HIGH SCHOOL INC. FOUNDATION. BASED ON RESEARCH CONDUCTED TO DETERMINE WHAT BUSINESS NEEDS TO SUCCEED AND GROW IN SANTA ANA AND NEIGHBORING COMMUNITIES, HIGH SCHOOL INC. WAS CREATED AS A WORKFORCE DEVELOPMENT INITIATIVE TO BRIDGE THE SKILLS GAP. STUDENTS BECOME JOB-READY AS THEY PREPARE TO ENTER THE WORKFORCE OR TO GO ON TO COLLEGE AFTER GRADUATION. IN ADDITION TO REGULAR COURSE WORK TO EARN A HIGH SCHOOL DIPLOMA, THE HIGH SCHOOL INC. PROGRAM PROVIDES ADDITIONAL HANDS-ON BUSINESS EXPERIENCE AND MENTORING SO STUDENTS CAN BECOME AWARE OF CAREER OPPORTUNITIES IN THESE SIX INDUSTRIES (ACADEMICS): CULINARY AND HOSPITALITY; HEALTH CARE; AUTOMOTIVE; TRANSPORTATION AND LOGISTICS; NEW MEDIA, GLOBAL BUSINESS; AND ENGINEERING AND MANUFACTURING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Tran Executive Dir. | OfficerTrustee | 0 | $80,040 |
Donnie Crevier Chairman | OfficerTrustee | 0 | $0 |
Mark Mcloughlin President | OfficerTrustee | 0 | $0 |
Paula Garcia Vice President | OfficerTrustee | 0 | $0 |
Jack E Oakes Secretary | OfficerTrustee | 0 | $0 |
Cory Youngberg Treasurer | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $161,668 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $725,953 |
| Noncash contributions included in lines 1a–1f | $20,237 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $887,621 |
| Total Program Service Revenue | $0 |
| Investment income | $63 |
| 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 | $887,691 |
| 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. | $108,819 |
| Compensation of current officers, directors, key employees. | $19,020 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,942 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,967 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,311 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $61,375 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,338 |
| Office expenses | $4,922 |
| 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 | $0 |
| Insurance | $4,906 |
| All other expenses | $25,398 |
| Total functional expenses | $521,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $465 |
| Savings and temporary cash investments | $691,720 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $205,029 |
| 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 | $7,982 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $905,196 |
| Accounts payable and accrued expenses | $12,656 |
| 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 | $3,693 |
| Total liabilities | $16,349 |
| Net assets without donor restrictions | $610,665 |
| Net assets with donor restrictions | $278,182 |
| 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 | $905,196 |