Western Educational Corporation
- Assets
- $22.5m
- Revenue
- $81.1m
- Investments
- $0.0
- Employees
- 609
- Location
- Murrieta, CA
- Founding
- 04/2017
- Data as of
- 06/2022
- EIN
- 81-1960983
Organization Overview
Western Educational Corporation is located in Murrieta, CA. The organization was established in 2017. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Western Educational Corporation employed 609 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Educational Corporation 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, Western Educational Corporation generated $81.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 66.3% each year . All expenses for the organization totaled $78.3m during the year ending 06/2022. While expenses have increased by 65.4% 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
THE MISSION OF WESTERN EDUCATIONAL CORPORATION IS TO PROVIDE A STUDENT-CENTERED, HIGH-QUALITY EDUCATION FOR ALL LEARNERS THROUGH A SAFE, SUPPORTIVE, TRAUMA-INFORMED COMMUNITY WHERE STUDENTS ARE ENCOURAGED TO SELF-ADVOCATE, TAKE CONTROL OF THEIR EDUCATION, AND DEVELOP THE SKILLS NECESSARY TO THRIVE IN THE WORKPLACE AND POST-SECONDARY OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF WESTERN EDUCATIONAL CORPORATION IS TO PROVIDE A STUDENT-CENTERED, HIGH-QUALITY EDUCATION FOR ALL LEARNERS THROUGH A SAFE, SUPPORTIVE, TRAUMA-INFORMED COMMUNITY WHERE STUDENTS ARE ENCOURAGED TO SELF-ADVOCATE, TAKE CONTROL OF THEIR EDUCATION, AND DEVELOP THE SKILLS NECESSARY TO THRIVE IN THE WORKPLACE AND POST-SECONDARY OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caprice Young National Superintendent | 0 | $0 | |
Amanda Clark Principal | 40 | $145,571 | |
Heather Barnhart Principal | 40 | $160,032 | |
Lindsay Reese Area Superintendent | 26 | $139,434 | |
Janet Wilson Area Superintendent | 28 | $137,700 | |
Minerva Clayton Principal | 40 | $123,245 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Llac Dba Scholastic Education Resources Educational Services | 6/29/22 | $7,239,962 |
Llac Dba Sequoia Administrative Resources Administrative Services | 6/29/22 | $3,632,030 |
Lucerne Valley Unified Charter Oversight | 6/29/22 | $739,145 |
Off Duty Officers Inc Security | 6/29/22 | $880,024 |
Time Warner Cable Inc Internet | 6/29/22 | $306,843 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $80,473,641 |
| All other contributions, gifts, grants, and similar amounts not included above | $585,126 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,058,767 |
| Total Program Service Revenue | $0 |
| Investment income | $7,168 |
| 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 | $81,065,935 |
| 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. | $200,339 |
| Compensation of current officers, directors, key employees. | $200,339 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,511,575 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,303,648 |
| Payroll taxes | $2,961,461 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,653 |
| Fees for services: Accounting | $45,194 |
| Fees for services: Lobbying | $40,437 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,278,569 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,758,552 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $50,790 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $625,226 |
| Insurance | $386,711 |
| All other expenses | $0 |
| Total functional expenses | $78,293,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,845,321 |
| Savings and temporary cash investments | $8,774,718 |
| Pledges and grants receivable | $6,435,754 |
| Accounts receivable, net | $409,963 |
| 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 | $1,379,717 |
| Net Land, buildings, and equipment | $1,295,111 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $362,821 |
| Total assets | $22,503,405 |
| Accounts payable and accrued expenses | $11,393,727 |
| Grants payable | $0 |
| Deferred revenue | $479,212 |
| 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 | $303,633 |
| Other liabilities | $120,436 |
| Total liabilities | $12,297,008 |
| Net assets without donor restrictions | $6,722,814 |
| Net assets with donor restrictions | $3,483,583 |
| 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 | $22,503,405 |