Ilead Lancaster
- Assets
- $7.7m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 118
- Location
- Lancaster, CA
- Founding
- 06/2014
- Data as of
- 06/2021
- EIN
- 45-4768181
Organization Overview
Ilead Lancaster, operating under the name Ilead Lancaster Charter School, is located in Lancaster, CA. The organization was established in 2014. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Ilead Lancaster Charter School employed 118 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ilead Lancaster Charter School 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, Ilead Lancaster Charter School generated $10.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $9.5m during the year ending 06/2021. While expenses have increased by 11.1% 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
ILEAD LANCASTER IS A CHARTER SCHOOL SERVING STUDENTS IN K-8TH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ILEAD LANCASTER CREATES OPEN, FUN MULTIAGE K-8 LEARNING ENVIRONMENTS THAT PROMOTE DEEPER UNDERSTANDING AND CELEBRATE INDEPENDENT CRITICAL THINKING, COOPERATION, AND THE DEVELOPMENT OF CRUCIAL 21ST-CENTURY SKILLS. ILEAD LANCASTER'S MISSION IS TO PROVIDE A LASTING EDUCATIONAL EXPERIENCE THAT PREPARES YOUR LEARNER FOR HIGHER EDUCATION AND LIFELONG SUCCESS. DURING THE JUNE 30, 2021 YEAR END, ILEAD LANCASTER SERVED APPROXIMATELY 800 STUDENTS IN K-8TH GRADE AND HAD APPROXIMATELY 175 INSTRUCTIONAL DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nykole Kent Director | Officer | 40 | $115,813 |
Latorra Saxton President | OfficerTrustee | 2 | $0 |
Beth Carr-Knudson Treasurer | OfficerTrustee | 2 | $0 |
Lee Smith Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,434,441 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,653 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,476,094 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $10,479,618 |
| 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. | $136,782 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,625,436 |
| Pension plan accruals and contributions | $393,025 |
| Other employee benefits | $447,275 |
| Payroll taxes | $116,201 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $125,398 |
| Fees for services: Accounting | $12,261 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,381,023 |
| Advertising and promotion | $4,280 |
| Office expenses | $11,850 |
| Information technology | $293,921 |
| Royalties | $0 |
| Occupancy | $1,119,887 |
| Travel | $1,308 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,709 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,034 |
| Insurance | $97,818 |
| All other expenses | $0 |
| Total functional expenses | $9,515,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,240,526 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,206,213 |
| 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 | $0 |
| Net Land, buildings, and equipment | $269,680 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,716,419 |
| Accounts payable and accrued expenses | $1,769,910 |
| Grants payable | $0 |
| Deferred revenue | $478,581 |
| 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 | $5,553 |
| Unsecured mortgages and notes payable | $1,653,217 |
| Other liabilities | $0 |
| Total liabilities | $3,907,261 |
| Net assets without donor restrictions | $3,809,158 |
| 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 | $7,716,419 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ilead Lancaster has recieved totaling $403.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $403 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnerships To Uplift Communities Los Angeles Burbank, CA | $14,420,401 | $24,912,837 |
Literacy First Charter Schools El Cajon, CA | $29,290,072 | $23,446,904 |
Voices College-Bound Language Academies San Jose, CA | $26,350,864 | $21,078,147 |
Santa Rosa Academy Incorporated Menifee, CA | $46,198,054 | $16,730,823 |
Siatech Inc Oceanside, CA | $9,582,548 | $15,818,647 |
Grow Public Schools Bakersfield, CA | $14,803,093 | $23,549,288 |
Natomas Charter School Sacramento, CA | $32,806,693 | $20,875,289 |
Arizona Community Development Corporation Tucson, AZ | $20,473,547 | $20,902,974 |
Vista Charter Public Schools Los Angeles, CA | $62,725,425 | $20,964,484 |
Roseland Charter School Santa Rosa, CA | $53,872,700 | $25,562,169 |
Ofl William S Hart Inc Pasadena, CA | $11,952,405 | $20,153,084 |
New Designs Charter School Los Angeles, CA | $56,545,069 | $20,507,111 |