Natomas Charter School
- Assets
- $36.8m
- Revenue
- $22.8m
- Investments
- $0.0
- Employees
- 273
- Location
- Sacramento, CA
- Founding
- 04/2004
- Data as of
- 06/2022
- EIN
- 68-0452992
Organization Overview
Natomas Charter School is located in Sacramento, CA. The organization was established in 2004. 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, Natomas Charter School employed 273 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Natomas Charter School 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, Natomas Charter School generated $22.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $21.1m during the year ending 06/2022. While expenses have increased by 10.1% 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
TO OPERATE A CHARTER SCHOOL AND PROVIDE EDUCATION FOR STUDENTS GRADES TK-12 IN SACRAMENTO, CA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A CHARTER SCHOOL PROVIDING EDUCATIONAL OPPORTUNITIES TO DEVELOP UNIQUE INTERESTS, UNCOVER HIDDEN TALENTS, EXPERIENCE SATISFACTION AND ACCOMPLISHMENTS, GAIN A SENSE OF RESPONSIBILITY, AND PURSUE EDUCATION AS A WAY OF LIFE THROUGH EDUCATIONAL PROGRAMS TAILORED TO THEIR OWN SPECIFIC NEEDS. FOR THE YEAR ENDING JUNE 30, 2022 NATOMAS SERVED APPROXIMATELY 1,808 STUDENTS IN GRADES TK-12, IN FIVE INNOVATIVE ACADEMIES OVER 180 DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Morgan President | OfficerTrustee | 2 | $0 |
Ashante Norton Secretary | OfficerTrustee | 2 | $0 |
Jonathan Corr Advisor | Trustee | 2 | $0 |
Maria Mejorado Member | Trustee | 2 | $0 |
Karen Harding-Davis Member | Trustee | 2 | $0 |
Priti Merchant Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Landmark Construction Construction | 6/29/19 | $117,768 |
Harsch Investment Properties Commercial Real Estate | 6/29/19 | $245,646 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,056,443 |
| All other contributions, gifts, grants, and similar amounts not included above | $190,365 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,246,808 |
| Total Program Service Revenue | $285,901 |
| Investment income | $137,670 |
| 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 | $22,752,506 |
| 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. | $380,903 |
| Compensation of current officers, directors, key employees. | $53,327 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,475,345 |
| Pension plan accruals and contributions | $2,903,320 |
| Other employee benefits | $1,854,850 |
| Payroll taxes | $343,832 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $53,077 |
| Fees for services: Accounting | $21,562 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,132,467 |
| Advertising and promotion | $6,524 |
| Office expenses | $178,693 |
| Information technology | $327,830 |
| Royalties | $0 |
| Occupancy | $488,179 |
| Travel | $54,183 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $796,170 |
| Insurance | $82,973 |
| All other expenses | $0 |
| Total functional expenses | $21,072,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,160 |
| Savings and temporary cash investments | $17,924,086 |
| Pledges and grants receivable | $1,259,148 |
| Accounts receivable, net | $116,814 |
| 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 | $13,173 |
| Net Land, buildings, and equipment | $17,217,836 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,778,217 |
| Accounts payable and accrued expenses | $1,254,484 |
| Grants payable | $2,636,743 |
| Deferred revenue | $243,890 |
| 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 | $37,186 |
| Total liabilities | $4,172,303 |
| Net assets without donor restrictions | $32,530,914 |
| Net assets with donor restrictions | $75,000 |
| 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 | $36,778,217 |