Griffin Technology Academies
- Assets
- $23.3m
- Revenue
- $19.6m
- Investments
- $0.0
- Employees
- 202
- Location
- Vallejo, CA
- Founding
- 03/2000
- Data as of
- 06/2021
- EIN
- 68-0421733
Organization Overview
Griffin Technology Academies is located in Vallejo, CA. The organization was established in 2000. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Griffin Technology Academies employed 202 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Griffin Technology Academies 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 06/2021, Griffin Technology Academies generated $19.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $16.2m during the year ending 06/2021. While expenses have increased by 10.3% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF PUBLIC CHARTER SCHOOLS IN VALLEJO CITY, CALIFORNIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF FOUR (4) PUBLIC CHARTER SCHOOLS: MARE ISLAND TECHNOLOGY ACADEMY, MIT ACADEMY, MIT GRIFFIN ACADEMY MIDDLE, AND GRIFFIN ACADEMY HIGH SCHOOL. COLLECTIVELY THE CHARTER SCHOOLS PROVIDE EDUCATIONAL SERVICES TO STUDENTS IN GRADES 6 TO 12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Conklin-Penwell Chief Operation Officer | Officer | 40 | $127,259 |
Stephanie Morgado Site Director | 40 | $125,928 | |
Byron Laird Site Director | 40 | $120,191 | |
Alex Insaurralde Chief Academic Officer | Officer | 40 | $115,001 |
Geetanjali Shankar-Saldana Teacher | 40 | $112,060 | |
Christopher Lumanglas Teacher | 40 | $107,681 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pure Power Solutions Solar Project | 6/29/21 | $463,751 |
Aeidis Architects Architect Services | 6/29/21 | $306,991 |
Ryland School Business Consulting Fiscal Services | 6/29/21 | $134,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,227,101 |
| 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 | $17,227,101 |
| Total Program Service Revenue | $2,319,140 |
| Investment income | $67,564 |
| 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 | $19,613,805 |
| 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. | $431,939 |
| Compensation of current officers, directors, key employees. | $126,973 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,079,588 |
| Pension plan accruals and contributions | $1,522,310 |
| Other employee benefits | $527,433 |
| Payroll taxes | $332,822 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $206,238 |
| Fees for services: Accounting | $376,362 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,831,281 |
| Advertising and promotion | $11,205 |
| Office expenses | $21,966 |
| Information technology | $19,429 |
| Royalties | $0 |
| Occupancy | $253,190 |
| Travel | $7,261 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,820 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $223,404 |
| Insurance | $161,848 |
| All other expenses | $0 |
| Total functional expenses | $16,212,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $13,522,738 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,013,030 |
| 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 | $1,454,545 |
| Net Land, buildings, and equipment | $4,331,933 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,322,546 |
| Accounts payable and accrued expenses | $1,226,007 |
| Grants payable | $0 |
| Deferred revenue | $6,185,148 |
| 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 | $7,411,155 |
| Net assets without donor restrictions | $15,911,391 |
| 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 | $23,322,546 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Griffin Technology Academies has recieved totaling $107.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $107 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Creative Center Of Los Altos Los Altos, CA | $170,822,611 | $50,231,203 |
Oakwood School North Hollywood, CA | $131,214,925 | $40,512,387 |
Wildwood School Inc Los Angeles, CA | $86,448,080 | $38,177,997 |
Classical Academy Incorporated Escondido, CA | $75,670,985 | $34,177,017 |
Paragon Management Surprise, AZ | $64,904,410 | $28,676,995 |
Harbor Day Endowment Corporation Corona del Mar, CA | $29,496,561 | $8,033,762 |
Center For Early Education West Hollywood, CA | $163,132,439 | $27,283,122 |
Santa Fe Christian Schools Solana Beach, CA | $72,145,924 | $27,955,484 |
Phoenix Country Day School Paradise Valley, AZ | $77,907,724 | $28,726,427 |
Tarbut Vtorah Community Day School Irvine, CA | $104,560,863 | $24,620,400 |
Westside Neighborhood School Los Angeles, CA | $23,646,249 | $23,017,600 |
Town School For Boys San Francisco, CA | $94,398,193 | $22,080,958 |