Core Butte Inc
- Assets
- $16.8m
- Revenue
- $11.7m
- Investments
- $0.0
- Employees
- 120
- Location
- Chico, CA
- Founding
- 04/2013
- Data as of
- 06/2022
- EIN
- 51-0632611
Organization Overview
Core Butte Inc is located in Chico, CA. The organization was established in 2013. 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, Core Butte Inc employed 120 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Core Butte Inc 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, Core Butte Inc generated $11.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $11.6m during the year ending 06/2022. While expenses have increased by 9.2% 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
OPERATION OF A PUBLIC CHARTER SCHOOL SERVING K-12 STUDENTS THROUGH PERSONALIZED LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A CALIFORNIA PUBLIC CHARTER SCHOOL WITH THE MOTTO "PERSONALIZED EDUCATION FOR STUDENT SUCCESS". CORE BUTTE OFFERS AN ALTERNATIVE HOMESCHOOL EDUCATION MODEL THAT REQUIRES ONE-ONE-ONE PARENT PARTICIPATION. EDUCATIONAL PROGRAMS INCLUDE K-8 HOME STUDY AND CORE BUTTE HIGH SCHOOL (CBHS) WITH SUPPORT CLASSES FOR PERSONALIZED LEARNING OFFERED AT SITES IN CHICO, CALIFORNIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Lamalfa President | OfficerTrustee | 1 | $300 |
Michelle Brown Secretary/treasurer | OfficerTrustee | 1 | $100 |
Terri Emmons Trustee/retired Teacher | Trustee | 1 | $38,522 |
James Bishop Trustee | Trustee | 1 | $0 |
Jason Krueger Trustee | Trustee | 1 | $100 |
Mary Cox Executive Director | Officer | 40 | $209,236 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Servpro Of Douglas County Fire And Water Restoration Services | 6/29/21 | $102,851 |
Neighborhood Church Rents | 6/29/21 | $331,168 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,559,712 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,595 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,574,307 |
| Total Program Service Revenue | $69,003 |
| Investment income | $17,241 |
| 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 | $11,679,328 |
| 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. | $327,357 |
| Compensation of current officers, directors, key employees. | $110,909 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,358,613 |
| Pension plan accruals and contributions | $1,520,246 |
| Other employee benefits | $1,099,010 |
| Payroll taxes | $257,324 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $277,450 |
| Fees for services: Accounting | $19,890 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $704,664 |
| Advertising and promotion | $0 |
| Office expenses | $69,244 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $479,974 |
| Travel | $70,703 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $384,429 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $309,595 |
| Insurance | $115,213 |
| All other expenses | $0 |
| Total functional expenses | $11,573,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $343,416 |
| Savings and temporary cash investments | $5,152,413 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $761,699 |
| 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 | $580,199 |
| Net Land, buildings, and equipment | $7,546,173 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,431,928 |
| Total assets | $16,815,828 |
| Accounts payable and accrued expenses | $1,675,110 |
| Grants payable | $0 |
| Deferred revenue | $207,571 |
| Tax-exempt bond liabilities | $6,485,000 |
| 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 | $2,658,111 |
| Total liabilities | $11,025,792 |
| Net assets without donor restrictions | $5,699,832 |
| Net assets with donor restrictions | $90,204 |
| 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 | $16,815,828 |