Sinness Education Foundation- A Ca Nonprofit Public Benefit Corp
- Assets
- $161.9k
- Revenue
- $872.3k
- Investments
- $0.0
- Employees
- 51
- Location
- Quartz Hill, CA
- Founding
- 10/2015
- Data as of
- 06/2022
- EIN
- 47-3886933
Organization Overview
Sinness Education Foundation- A Ca Nonprofit Public Benefit Corp is located in Quartz Hill, 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, Sinness Education Foundation- A CA Nonprofit Public Benefit Corp employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sinness Education Foundation- A CA Nonprofit Public Benefit Corp 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, Sinness Education Foundation- A CA Nonprofit Public Benefit Corp generated $872.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.6% each year . All expenses for the organization totaled $757.9k 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
TO PROMOTE POSITIVE CHOICES FOR YOUNG ADULTS AND PROVIDE HIGH QUALITY EDUCATIONAL SERVICES AND SUPPORT TO THE PUBLIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
INNOVATION EDUCATION IS COMMITTED TO PROVIDING AFFORDABLE AND EFFECTIVE TUTORINGSERVICES THAT INSPIRE AND MOTIVATE STUDENTS TO BE LIFE-LONG LEARNERS. WE AIM TOSHOW HONESTY AND INTEGRITY IN ALL THAT WE DO, TO BE POSITIVE ROLE MODELS, TO ENABLESTUDENTS TO BELIEVE THEY CAN LEARN, AND TO MAKE LEARNING FUN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Barcus President | OfficerTrustee | 40 | $31,951 |
Rhonda Levine Director | Trustee | 40 | $30,657 |
Marvin Barcus CFO & Secretary | OfficerTrustee | 40 | $18,500 |
Laura Konisek Director | Trustee | 2 | $7,860 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $105,861 |
| All other contributions, gifts, grants, and similar amounts not included above | $300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,161 |
| Total Program Service Revenue | $766,133 |
| 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 | $872,294 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $120 |
| Grants and other assistance to domestic individuals. | $36,520 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $88,968 |
| Compensation of current officers, directors, key employees. | $1,850 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $411,435 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,611 |
| Payroll taxes | $46,377 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,932 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $500 |
| Advertising and promotion | $7,697 |
| Office expenses | $0 |
| Information technology | $5,825 |
| Royalties | $0 |
| Occupancy | $41,800 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,531 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,803 |
| Insurance | $13,258 |
| All other expenses | $25,722 |
| Total functional expenses | $757,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,790 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $9,067 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,053 |
| Total assets | $161,910 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $161,910 |
| Total liabilities and net assets/fund balances | $161,910 |
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