Clear Passage Foundation
- Assets
- $421.7k
- Revenue
- $758.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Long Beach, CA
- Founding
- 01/2015
- Data as of
- 06/2022
- EIN
- 46-3642043
Organization Overview
Clear Passage Foundation is located in Long Beach, 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. As of 06/2022, Clear Passage Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clear Passage 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, Clear Passage Foundation generated $758.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $746.6k during the year ending 06/2022. While expenses have increased by 4.8% 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
A SECOND CHANCE EDUCATIONAL PROGRAM COMMITTED TO SERVING HIGH SCHOOL YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAUNCHED IN FALL 2015, CLEAR PASSAGE EDUCATIONAL CENTER (CPEC) IS AN INDEPENDENT STUDY (SITE-BASED) CHARTER SCHOOL USING AN INNOVATIVE EDUCATIONAL MODEL TO SERVE THE NEEDS OF STUDENTS IN GRADES 9 - 12. CPEC SERVES TEENS IN NEED OF AN ALTERNATIVE LEARNING ENVIRONMENT, TEENS WHO HAVE DROPPED OUT OF SCHOOL, AND/OR TEENS WHO ARE IN JEOPARDY OF DOING SO. CPEC OFFERS A PERSONALIZED AND INDIVIDUALIZED LEARNING PROGRAM WITH A FOCUS ON EACH STUDENT'S UNIQUE STRENGTHS AND NEEDS. OUR BLENDED INSTRUCTIONAL MODEL ALLOWS FOR FLEXIBLE SCHEDULING, EXTENDED HOURS AND INCREASED STUDENT ACCESS TO CRITICAL EDUCATIONAL RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Saul Sarabia Chair | OfficerTrustee | 1 | $0 |
Marianna Rodriguez Secretary | OfficerTrustee | 1 | $0 |
Bobby Butler Trustee | Trustee | 1 | $0 |
Joseline Cubas Trustee | Trustee | 1 | $0 |
Fernando Tapia Trustee | Trustee | 1 | $0 |
Vivianna Trujillo Executive Director/ceo | Officer | 40 | $78,015 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $756,736 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,214 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $757,950 |
| Total Program Service Revenue | $0 |
| Investment income | $316 |
| 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 | $758,340 |
| 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. | $80,834 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $169,013 |
| Pension plan accruals and contributions | $12,560 |
| Other employee benefits | $76,820 |
| Payroll taxes | $19,169 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,500 |
| Fees for services: Accounting | $950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,046 |
| Advertising and promotion | $0 |
| Office expenses | $3,661 |
| Information technology | $2,528 |
| Royalties | $0 |
| Occupancy | $53,296 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,609 |
| Insurance | $19,566 |
| All other expenses | $0 |
| Total functional expenses | $746,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,126 |
| Savings and temporary cash investments | $137,133 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $96,262 |
| 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 | $7,225 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $421,746 |
| Accounts payable and accrued expenses | $137,770 |
| Grants payable | $0 |
| Deferred revenue | $112,500 |
| 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 | $0 |
| Total liabilities | $250,270 |
| Net assets without donor restrictions | $171,476 |
| 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 | $421,746 |