Element Education Inc
- Assets
- $17.4m
- Revenue
- $17.3m
- Investments
- $0.0
- Employees
- 134
- Location
- Escondido, CA
- Founding
- 03/2005
- Data as of
- 06/2023
- EIN
- 68-0483126
Organization Overview
Element Education Inc is located in Escondido, CA. The organization was established in 2005. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Element Education Inc employed 134 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Element Education 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 06/2023, Element Education Inc generated $17.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $15.4m during the year ending 06/2023. While expenses have increased by 2.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENABLE STUDENTS TO BECOME COMPETENT CONTRIBUTING MEMBERS OF SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENABLE STUDENTS TO BECOME COMPETENT CONTRIBUTING MEMEBERS OF SOCIETY EQUIPPED WITH READING, WRITING, MATH,TECHNOLOGY, AND PROBLEM SOLVING SKILLS NECESSARY FOR SUCCESS IN A RAPIDLY CHANGING WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri Novacek Executive Di | OfficerTrustee | 40 | $213,318 |
Douglas Miller Chief Bus Of | OfficerTrustee | 40 | $194,543 |
Roland Yung COO | 40 | $191,690 | |
Paul Johnson School Direc | 40 | $139,836 | |
Kiran Sihota Director Of | 40 | $144,589 | |
Rosella Chlders At-Large Mem | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,053,464 |
| All other contributions, gifts, grants, and similar amounts not included above | $213,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,267,214 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $17,267,214 |
| 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. | $407,861 |
| Compensation of current officers, directors, key employees. | $407,861 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,357,770 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,562,164 |
| 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 | $1,742,379 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,603,141 |
| Travel | $16,795 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $71,503 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $202,993 |
| Insurance | $131,812 |
| All other expenses | $131,597 |
| Total functional expenses | $15,367,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,711,548 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $388,525 |
| 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 | $60,053 |
| Net Land, buildings, and equipment | $4,724,674 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,502,296 |
| Total assets | $17,387,096 |
| Accounts payable and accrued expenses | $907,026 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $6,137,927 |
| Total liabilities | $7,044,953 |
| Net assets without donor restrictions | $10,342,143 |
| 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 | $17,387,096 |