Able Charter Schools
- Assets
- $12.3m
- Revenue
- $16.6m
- Investments
- $0.0
- Employees
- 189
- Location
- Stockton, CA
- Founding
- 09/2013
- Data as of
- 06/2022
- EIN
- 45-5425608
Organization Overview
Able Charter Schools is located in Stockton, CA. The organization was established in 2013. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Able Charter Schools employed 189 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Able Charter Schools 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, Able Charter Schools generated $16.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $15.2m during the year ending 06/2022. While expenses have increased by 21.9% 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
PUBLIC CHARTER SCHOOL PROVIDING A UNIQUE EDUCATIONAL EXPERIENCE TO STUDENTS IN SAN JOAQUIN COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PUBLIC CHARTER SCHOOL WHICH PROVIDES EDUCATION TO STUDENTS IN GRADES K-12. ABLE PROVIDES ITS STUDENTS WITH A WORLD CLASS, RESEARCH BASED, AND RIGOROUS EDUCATION THAT EXPOSES STUDENTS TO A CHALLENGING AND RELEVANT PROGRAM OF STUDY WHICH EMBRACES THE DIVERSE LEARNING SYLES OF THE STUDENTS, INSURES STUDENTS ACCESS TO TEACHERS WHO ARE EXPERTS IN THEIR EDUCATIONAL FIELDS, AND PROVIDES A LEARNING ENVIRONMENT THAT INSPIRES THE STUDENTS TO PERFORM AT THEIR HIGHEST ACADEMIC LEVELS WHILE BUILDING A LEARNING COMMUNITY OF EDUCATORS,PARENTS, AND STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kayla Zamora Treasurer & Vice Chair | OfficerTrustee | 3 | $0 |
Zoey Merrill Secretary | OfficerTrustee | 3 | $0 |
Chuck Mclaughlin Director | Trustee | 3 | $0 |
Manuel Guizar Director | Trustee | 2 | $0 |
Steve Payne Director | Trustee | 2 | $0 |
Erika Smith Director/staff Member | Trustee | 40 | $51,179 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Humphreys University Facility Usage | 6/29/22 | $1,579,500 |
Nob Hill Catering Inc Food Services | 6/29/22 | $408,159 |
Csmc Financial Services | 6/29/22 | $249,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,238 |
| Related organizations | $0 |
| Government grants | $16,393,985 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,129 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,408,352 |
| Total Program Service Revenue | $160,341 |
| Investment income | $2,206 |
| 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 | $16,582,971 |
| 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. | $236,626 |
| Compensation of current officers, directors, key employees. | $236,626 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,832,684 |
| Pension plan accruals and contributions | $1,297,586 |
| Other employee benefits | $590,371 |
| Payroll taxes | $329,632 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,742 |
| Fees for services: Accounting | $212,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $374,184 |
| Advertising and promotion | $54,278 |
| Office expenses | $219,538 |
| Information technology | $9,069 |
| Royalties | $0 |
| Occupancy | $1,792,468 |
| Travel | $41,035 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $57,760 |
| Interest | $3,117 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $254,774 |
| Insurance | $96,686 |
| All other expenses | $0 |
| Total functional expenses | $15,227,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,299,337 |
| Savings and temporary cash investments | $1,700,746 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,968,082 |
| 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 | $168,633 |
| Net Land, buildings, and equipment | $4,156,660 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,293,458 |
| Accounts payable and accrued expenses | $1,014,838 |
| Grants payable | $0 |
| Deferred revenue | $1,152,355 |
| 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 | $442,827 |
| Total liabilities | $2,610,020 |
| Net assets without donor restrictions | $8,538,879 |
| Net assets with donor restrictions | $1,144,559 |
| 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 | $12,293,458 |