Sierra Educational Advancement Corporation
- Assets
- $2.2m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 68
- Location
- Valencia, CA
- Founding
- 12/2015
- Data as of
- 06/2022
- EIN
- 47-3368777
Organization Overview
Sierra Educational Advancement Corporation is located in Valencia, CA. The organization was established in 2015. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2022, Sierra Educational Advancement Corporation employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sierra Educational Advancement Corporation 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, Sierra Educational Advancement Corporation generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.9% each year . All expenses for the organization totaled $5.7m during the year ending 06/2022. While expenses have increased by 32.9% 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
THE MISSION OF SIERRA EDUCATIONAL ADVANCEMENT CORPORATION, INC. IS TO PROVIDE A STUDENT-CENTERED, HIGH-QUALITY EDUCATION FOR ALL LEARNERS THROUGH A SAFE, SUPPORTIVE, TRAUMA-INFORMED COMMUNITY WHERE STUDENTS ARE ENCOURAGED TO SELF-ADVOCATE, TAKE CONTROL OF THEIR EDUCATION, AND EXPLORE NEW OPPORTUNITIES AND SKILLS IN THE PURSUIT OF BECOMING CONTRIBUTING MEMBERS OF SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF SIERRA EDUCATIONAL ADVANCEMENT CORPORATION, INC. IS TO PROVIDE A STUDENT-CENTERED, HIGH-QUALITY EDUCATION FOR ALL LEARNERS THROUGH A SAFE, SUPPORTIVE, TRAUMA-INFORMED COMMUNITY WHERE STUDENTS ARE ENCOURAGED TO SELF-ADVOCATE, TAKE CONTROL OF THEIR EDUCATION, AND EXPLORE NEW OPPORTUNITIES AND SKILLS IN THE PURSUIT OF BECOMING CONTRIBUTING MEMBERS OF SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caprice Young National Superintendent | 0 | $0 | |
Shellie Hanes Area Superintendent | 3 | $16,236 | |
Jeri Vincent CFO | Officer | 2 | $4,814 |
Jeff Brown CEO | Officer | 2 | $4,091 |
Lorna Garces Principal | 40 | $156,355 | |
Jeffrey Martineau VP Charter Relations | 2 | $3,835 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Llac Dba Scholastic Education Resources Educational Services | 6/29/22 | $1,230,281 |
Llac Dba Sequoia Administrative Resources Administrative Services | 6/29/22 | $587,857 |
Off Duty Officers Inc Security | 6/29/22 | $275,814 |
Robla School District Oversight & Services | 6/29/22 | $226,249 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,904,724 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,207 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,936,931 |
| 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 | $5,936,931 |
| 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. | $40,489 |
| Compensation of current officers, directors, key employees. | $36,696 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,593,246 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $448,066 |
| Payroll taxes | $201,480 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,965 |
| Fees for services: Accounting | $16,292 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $419,231 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $452,681 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $32,485 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,928 |
| Insurance | $33,223 |
| All other expenses | $0 |
| Total functional expenses | $5,747,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $230,873 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,131,923 |
| Accounts receivable, net | $71,741 |
| 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 | $103,260 |
| Net Land, buildings, and equipment | $13,138 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $662,951 |
| Total assets | $2,213,886 |
| Accounts payable and accrued expenses | $881,484 |
| Grants payable | $0 |
| Deferred revenue | $37,427 |
| 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 | $650,000 |
| Other liabilities | $28,991 |
| Total liabilities | $1,597,902 |
| Net assets without donor restrictions | $170,857 |
| Net assets with donor restrictions | $445,127 |
| 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 | $2,213,886 |