Alliance College-Ready Public Schools
- Assets
- $392.5m
- Revenue
- $228.7m
- Investments
- $0.0
- Employees
- 1,690
- Location
- Pasadena, CA
- Founding
- 05/2016
- Data as of
- 06/2022
- EIN
- 47-2892698
Organization Overview
Alliance College-Ready Public Schools is located in Pasadena, CA. The organization was established in 2016. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Alliance College-Ready Public Schools employed 1,690 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alliance College-Ready Public 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, Alliance College-Ready Public Schools generated $228.7m in total revenue. All expenses for the organization totaled $213.7m during the year ending 06/2022. While expenses have increased by 144.5% 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
OUR MISSION IS TO OPEN AND OPERATE A NETWORK OF SMALL, HIGH-PERFORMING HIGH SCHOOLS AND MIDDLE SCHOOLS IN LOW-INCOME COMMUNITIES IN LOS ANGELES WITH HISTORICALLY UNDER-PERFORMING SCHOOLS, THAT WILL ANNUALLY DEMONSTRATE SCHOLAR ACADEMIC ACHIEVEMENT GROWTH, AND GRADUATE SCHOLARS READY FOR SUCCESS IN COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALLIANCE COLLEGE-READY PUBLIC SCHOOLS IS A NONPROFIT PUBLIC CHARTER SCHOOL NETWORK COMMITTED TO OPERATING HIGH-PERFORMING, SMALL, COLLEGE-READY MIDDLE SCHOOLS AND HIGH SCHOOLS IN LOS ANGELES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Drake Board Member/chairman | OfficerTrustee | 1 | $0 |
Virgil Roberts Board Member/secretary | OfficerTrustee | 1 | $0 |
Tom Heymann Board Member | Trustee | 1 | $0 |
Moises Silva Board Member | Trustee | 1 | $0 |
Clarence Miller Board Member | Trustee | 1 | $0 |
Janette Rodriguez-Pack Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sprint Spectrum Lp Sprint Communication | 6/29/22 | $905,591 |
Cellco Partnership Verizon Wireless Communication | 6/29/22 | $686,176 |
Alvarez & Marsal Public Sector Services Consultant | 6/29/22 | $612,000 |
Sheppard Mullin Richter & Hampton Llp Law Firm | 6/29/22 | $589,925 |
Gym M Crotlers A & M Church & School Fur Furniture | 6/29/22 | $412,597 |
Financial Statements
| 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 | $5,514,141 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,514,141 |
| Total Program Service Revenue | $220,750,833 |
| Investment income | $899,457 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $405,933 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $228,658,484 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| 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. | $2,084,157 |
| Compensation of current officers, directors, key employees. | $1,859,434 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,019,537 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,510,984 |
| Payroll taxes | $2,041,788 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $756,535 |
| Fees for services: Accounting | $218,592 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,340,555 |
| Advertising and promotion | $53,194 |
| Office expenses | $6,102,149 |
| Information technology | $1,801,457 |
| Royalties | $0 |
| Occupancy | $19,683,348 |
| Travel | $19,576 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $246,753 |
| Interest | $970,730 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,403,079 |
| Insurance | $1,168,102 |
| All other expenses | $0 |
| Total functional expenses | $213,703,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,548,669 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $30,218,644 |
| Accounts receivable, net | $0 |
| 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 | $1,847,253 |
| Net Land, buildings, and equipment | $44,306,321 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $182,615,347 |
| Total assets | $392,536,234 |
| Accounts payable and accrued expenses | $9,581,752 |
| Grants payable | $0 |
| Deferred revenue | $13,247,311 |
| 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 | $21,043,409 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $168,199,295 |
| Total liabilities | $212,071,767 |
| Net assets without donor restrictions | $179,358,606 |
| Net assets with donor restrictions | $1,105,861 |
| 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 | $392,536,234 |