Excel Academy Charter Schools
- Assets
- $10.0m
- Revenue
- $20.9m
- Investments
- $0.0
- Employees
- 144
- Location
- Irvine, CA
- Founding
- 05/2016
- Data as of
- 06/2023
- EIN
- 47-4121751
Organization Overview
Excel Academy Charter Schools is located in Irvine, CA. The organization was established in 2016. 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 06/2023, Excel Academy Charter Schools employed 144 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Excel Academy 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 06/2023, Excel Academy Charter Schools generated $20.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $18.9m during the year ending 06/2023. While expenses have increased by 2.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION OPERATES TUITION FREE CHARTER SCHOOL PROGRAMS WHERE TEACHERS AND PARENTS PARTNER TOGETHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFERING AN INDEPENDENT STUDY PERSONALIZED LEARNING MODEL FOR STUDENTS IN GRADES TK-12. ALLOWING PARENTS TO SELECT A WIDE VARIETY OF EDUCATIONAL RESOURCES AND MATERIALS FROM APPROVED CONTENT AND COMMUNITY PROVIDERS USING STATE INSTRUCTIONAL FUND. THE ORGANIZATION SERVED APPROXIMATELY 1,590 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi Gasca Executive Director | Officer | 40 | $192,145 |
Keri Schneeweiss Director Of Operations | 40 | $152,640 | |
Lara C Ulmer Assist Dir Of Sped | 40 | $149,961 | |
Leah Vides Special Education Program Specialist | 40 | $118,898 | |
Jennifer Craig Assist Dir Of Assessment | 40 | $126,234 | |
Lorrie M Wood Assistant Principal | 40 | $108,618 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,852,454 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,852,454 |
| Total Program Service Revenue | $0 |
| Investment income | $79,742 |
| 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 | $20,943,400 |
| 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. | $271,090 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,605,731 |
| Pension plan accruals and contributions | $1,522,875 |
| Other employee benefits | $1,244,156 |
| Payroll taxes | $229,407 |
| Fees for services: Management | $355,664 |
| Fees for services: Legal | $301,880 |
| Fees for services: Accounting | $30,897 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,443,665 |
| Advertising and promotion | $16,727 |
| Office expenses | $60,184 |
| Information technology | $306,175 |
| Royalties | $0 |
| Occupancy | $96,100 |
| Travel | $120,970 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $59,610 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $70,808 |
| All other expenses | $0 |
| Total functional expenses | $18,896,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,963,183 |
| Savings and temporary cash investments | $4,676,195 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,060,622 |
| 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 | $152,190 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $123,027 |
| Total assets | $9,975,217 |
| Accounts payable and accrued expenses | $1,125,562 |
| Grants payable | $0 |
| Deferred revenue | $1,854,456 |
| 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 | $62,494 |
| Other liabilities | $125,407 |
| Total liabilities | $3,167,919 |
| Net assets without donor restrictions | $6,807,298 |
| 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 | $9,975,217 |