Cabrillo Point Academy
- Assets
- $12.8m
- Revenue
- $51.7m
- Investments
- $0.0
- Employees
- 332
- Location
- Poway, CA
- Founding
- 11/2017
- Data as of
- 06/2022
- EIN
- 82-1769676
Organization Overview
Cabrillo Point Academy is located in Poway, CA. The organization was established in 2017. 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, Cabrillo Point Academy employed 332 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cabrillo Point Academy 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, Cabrillo Point Academy generated $51.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $47.8m during the year ending 06/2022. While expenses have increased by 6.3% per year over the past 4 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
PROVIDE A HIGH STANDARD OF EDUCATION TO STUDENTS THROUGH COMPREHENSIVE CURRICULUM SUPPORTED BY ENERGETIC, DYNAMIC, AND CARING TEACHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A VIRTUAL CURRICULUM MODEL THAT EMPHASIZES MEETING INDIVIDUAL STUDENTS' NEEDS FOR MEETING THE CALIFORNIA COMMON CORE STATE STANDARDS FOR THEIR GRADE LEVEL.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erika Vanderspek Director | Trustee | 40 | $207,070 |
Jenna Lorge Director | Trustee | 40 | $192,294 |
Pamela Gandara | 40 | $140,990 | |
Sherry Johnson | 40 | $137,536 | |
Christy Burke | 40 | $137,536 | |
John Olinger | 40 | $135,283 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lighthouse Therapy Llc | 6/29/21 | $119,327 |
Lindamood-bell Learning Processes | 6/29/21 | $103,376 |
Procopio Cory Hargreaves & Savitch Llp | 6/29/21 | $107,875 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $51,717,434 |
| All other contributions, gifts, grants, and similar amounts not included above | $584 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,718,018 |
| Total Program Service Revenue | $0 |
| Investment income | $14,213 |
| 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 | $51,732,231 |
| 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. | $399,364 |
| Compensation of current officers, directors, key employees. | $399,364 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,549,311 |
| Pension plan accruals and contributions | $4,652,902 |
| Other employee benefits | $2,663,714 |
| Payroll taxes | $771,561 |
| Fees for services: Management | $950,023 |
| Fees for services: Legal | $297,869 |
| Fees for services: Accounting | $12,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,293,072 |
| Advertising and promotion | $0 |
| Office expenses | $83,448 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $119,949 |
| Travel | $0 |
| 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 | $7,857 |
| Insurance | $353,338 |
| All other expenses | $272,068 |
| Total functional expenses | $47,778,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,662,964 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,939,304 |
| 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 | $1,027,047 |
| Net Land, buildings, and equipment | $65,626 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,034 |
| Total assets | $12,752,975 |
| Accounts payable and accrued expenses | $2,121,163 |
| Grants payable | $0 |
| Deferred revenue | $1,514,001 |
| 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 | $3,635,164 |
| Net assets without donor restrictions | $7,896,100 |
| Net assets with donor restrictions | $1,221,711 |
| 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 | $12,752,975 |