Golden Valley Charter School
- Assets
- $7.2m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 29
- Location
- Ventura, CA
- Founding
- 08/2005
- Data as of
- 06/2023
- EIN
- 68-0468290
Organization Overview
Golden Valley Charter School is located in Ventura, CA. The organization was established in 2005. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Golden Valley Charter School employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden Valley 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 06/2023, Golden Valley Charter School generated $5.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $5.5m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CULTIVATE INTRINSIC MOTIVATION, DIVERSE INTERESTS, AND 21ST CENTURY LITERACY IN STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PUBLIC CHARTER SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Bean Chairperson | OfficerTrustee | 1 | $0 |
Jeffrey Turner Vice-Chairperson | OfficerTrustee | 1 | $0 |
Sharon Mcclain Secretary | OfficerTrustee | 1 | $0 |
Raul Ramierz CFO | OfficerTrustee | 1 | $0 |
Deanna Downs Executive Director | Officer | 40 | $82,500 |
Tricia Purcell Director Of Education | 40 | $116,367 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Special Ed Asst & Tech Support Inc Special Education Assistance | 6/29/23 | $526,932 |
Delta Managed Solutions Inc Back Office Provider | 6/29/23 | $126,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,532,841 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,575 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,535,416 |
| Total Program Service Revenue | $0 |
| Investment income | $1,964 |
| 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 | $5,537,380 |
| 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. | $217,924 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,907,115 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $736,044 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $47,639 |
| 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 | $409 |
| Insurance | $38,078 |
| All other expenses | $28,612 |
| Total functional expenses | $5,455,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,391,901 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,556,830 |
| 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 | $20,535 |
| Net Land, buildings, and equipment | $59,672 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $122,771 |
| Total assets | $7,151,709 |
| Accounts payable and accrued expenses | $1,244,024 |
| Grants payable | $0 |
| Deferred revenue | $720,814 |
| 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 | $124,240 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,089,078 |
| Net assets without donor restrictions | $5,016,547 |
| Net assets with donor restrictions | $46,084 |
| 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 | $7,151,709 |