Ilead California Charters 1
- Assets
- $14.2m
- Revenue
- $49.6m
- Investments
- $0.0
- Employees
- 502
- Location
- Acton, CA
- Founding
- 12/2016
- Data as of
- 06/2022
- EIN
- 47-4286845
Organization Overview
Ilead California Charters 1 is located in Acton, CA. The organization was established in 2016. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Ilead California Charters 1 employed 502 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ilead California Charters 1 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, Ilead California Charters 1 generated $49.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $45.3m during the year ending 06/2022. While expenses have increased by 15.0% 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 CALIFORNIA CHARTER SCHOOL SERVING STUDENTS IN K-12TH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ILEAD CALIFORNIA CHARTER SCHOOL SERVES STUDENTS IN KINDERGARTEN THROUGH 12TH GRADE. ILEAD STRIVES TO TEACH LIFE-LONG VALUES AND ENCOURAGE LEADERSHIP NOT JUST AS A PART OF A CAREER TRACK BUT BY INSTILLING IN EACH LEARNER THE CONFIDENCE AND CHARACTER THAT INSPIRE OTHERS. THOUGH INNOVATIVE TEACHINGS AND PROJECT-BASED LEARNINGS, ILEAD'S MISSION IS TO INSPIRE STUDENTS TO THINK AND LEAD. DURING THE FISCAL YEAR END JUNE 30, 2022, CALIFORNIA CHARTER SERVED APPROXIMATELY 3,827 STUDENTS IN K THROUGH 12TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Vescovo Board Chair | OfficerTrustee | 2 | $0 |
Cheri Bradford Secretary | OfficerTrustee | 2 | $0 |
Kenchy Ragsdale Treasurer | OfficerTrustee | 2 | $0 |
Dr Patrick Hill Member | Trustee | 2 | $0 |
Kenneth Scott Member | Trustee | 2 | $0 |
Dawn Evenson Chief Executive Director | Officer | 40 | $220,606 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rachel Shaddy Explorer Field Trips Curriiculum | 6/29/20 | $211,624 |
8757 Rio San Diego Mission Valley Owner Lodging For Ilead Retreat | 6/29/20 | $147,339 |
Lancaster B Plan Llc Rents | 6/29/20 | $136,649 |
Procopio Legal Services | 6/29/20 | $145,444 |
Kida Academy Llc Special Education Services | 6/29/20 | $128,382 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $45,181,017 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,048 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,237,065 |
| Total Program Service Revenue | $4,199,550 |
| Investment income | $10,570 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,137 |
| 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 | $49,636,662 |
| 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. | $634,638 |
| Compensation of current officers, directors, key employees. | $151,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,849,822 |
| Pension plan accruals and contributions | $3,127,112 |
| Other employee benefits | $2,116,046 |
| Payroll taxes | $643,564 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $251,571 |
| Fees for services: Accounting | $157,631 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,986,377 |
| Advertising and promotion | $25,428 |
| Office expenses | $17,544 |
| Information technology | $622,440 |
| Royalties | $0 |
| Occupancy | $804,932 |
| Travel | $121,665 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $524,390 |
| Interest | $200,107 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $165,661 |
| All other expenses | $0 |
| Total functional expenses | $45,314,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,048,627 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,912,016 |
| 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 | $225,797 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,186,440 |
| Accounts payable and accrued expenses | $2,059,683 |
| Grants payable | $0 |
| Deferred revenue | $2,139,351 |
| 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 | $4,199,034 |
| Net assets without donor restrictions | $9,987,406 |
| 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 | $14,186,440 |