Griffin Technology Academies
- Assets
- $24.3m
- Revenue
- $17.0m
- Investments
- $0.0
- Employees
- 175
- Location
- Vallejo, CA
- Founding
- 03/2000
- Data as of
- 06/2022
- 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 06/2022, Griffin Technology Academies employed 175 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 06/2022, Griffin Technology Academies generated $17.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $18.8m during the year ending 06/2022. While expenses have increased by 13.1% 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
2022
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 |
|---|---|---|---|
Luis Rosales Director | Trustee | 2 | $0 |
Rebecca Hartman-Baker Director | Trustee | 2 | $0 |
Andrea Wynn Walker Director | Trustee | 2 | $0 |
Shawna Gilroy Director | Trustee | 2 | $0 |
Vivian Wesley Director | Trustee | 2 | $0 |
Nick Driver Acting Supt/ceo | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aeidis Architects Architect Services | 6/29/22 | $931,385 |
Ym&c Llc Legal Service | 6/29/22 | $238,582 |
Revolution Foods Meals | 6/29/22 | $161,243 |
Abacus Education Partner Llc Financial Services | 6/29/22 | $172,038 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,843,552 |
| 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 | $16,843,552 |
| Total Program Service Revenue | $141,509 |
| Investment income | $42,335 |
| 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 | $17,027,396 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,765,745 |
| Pension plan accruals and contributions | $1,974,877 |
| Other employee benefits | $626,493 |
| Payroll taxes | $136,556 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $152,859 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,414,484 |
| Advertising and promotion | $51,573 |
| Office expenses | $212,021 |
| Information technology | $48,881 |
| Royalties | $0 |
| Occupancy | $4,399,933 |
| Travel | $117,910 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $155,867 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $269,350 |
| Insurance | $190,832 |
| All other expenses | $0 |
| Total functional expenses | $18,789,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,909 |
| Savings and temporary cash investments | $13,283,126 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,453,890 |
| 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 | $1,568,506 |
| Net Land, buildings, and equipment | $5,944,697 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,291,128 |
| Accounts payable and accrued expenses | $2,991,094 |
| Grants payable | $0 |
| Deferred revenue | $7,151,233 |
| 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 | $10,142,327 |
| Net assets without donor restrictions | $14,148,801 |
| 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 | $24,291,128 |