Cabrillo Point Academy
- Assets
- $23.2m
- Revenue
- $48.4m
- Investments
- $0.0
- Employees
- 364
- Location
- Poway, CA
- Founding
- 11/2017
- Data as of
- 06/2021
- 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 06/2021, Cabrillo Point Academy employed 364 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 06/2021, Cabrillo Point Academy generated $48.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $46.1m during the year ending 06/2021. While expenses have increased by 5.3% 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
2021
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenna Lorge Director | Trustee | 40 | $163,879 |
Erika Vanderspek Director | OfficerTrustee | 40 | $154,632 |
Christy Burke | 40 | $134,067 | |
Sherry Johnson | 40 | $126,199 | |
Sunny Schweers | 40 | $116,560 | |
Deanna Zamiska | 40 | $115,967 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lindamood-bell Learning Processes | 6/29/21 | $103,376 |
Lighthouse Therapy Llc | 6/29/21 | $119,327 |
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 | $48,255,077 |
| All other contributions, gifts, grants, and similar amounts not included above | $84,517 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,339,594 |
| Total Program Service Revenue | $0 |
| Investment income | $50,235 |
| 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 | $48,389,829 |
| 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. | $318,511 |
| Compensation of current officers, directors, key employees. | $318,511 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,958,791 |
| Pension plan accruals and contributions | $2,346,559 |
| Other employee benefits | $2,209,795 |
| Payroll taxes | $379,519 |
| Fees for services: Management | $2,397,385 |
| Fees for services: Legal | $217,189 |
| Fees for services: Accounting | $11,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,202,930 |
| Advertising and promotion | $0 |
| Office expenses | $45,458 |
| Information technology | $8,977 |
| Royalties | $0 |
| Occupancy | $202,031 |
| Travel | $36,240 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $364,687 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,856 |
| Insurance | $383,590 |
| All other expenses | $104,741 |
| Total functional expenses | $46,080,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,811,278 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,881,641 |
| 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 | $326,952 |
| Net Land, buildings, and equipment | $73,483 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $110,634 |
| Total assets | $23,203,988 |
| Accounts payable and accrued expenses | $2,538,745 |
| Grants payable | $0 |
| Deferred revenue | $165,719 |
| 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 | $15,335,008 |
| Other liabilities | $0 |
| Total liabilities | $18,039,472 |
| Net assets without donor restrictions | $3,568,953 |
| Net assets with donor restrictions | $1,595,563 |
| 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 | $23,203,988 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cabrillo Point Academy has recieved totaling $1,269.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,269 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rocketship Education Redwood City, CA | $74,871,482 | $120,667,231 |
American Leadership Academy Inc Mesa, AZ | $282,415,478 | $95,654,658 |
Five Keys Schools And Programs San Francisco, CA | $50,545,317 | $97,031,582 |
Inspire Charter Schools Duarte, CA | $15,814,456 | $76,018,441 |
Edkey Inc Mesa, AZ | $135,819,543 | $83,812,049 |
River Springs Charter School Inc Temecula, CA | $93,652,592 | $73,899,584 |
Granada Hills Charter Granada Hills, CA | $124,597,337 | $79,128,584 |
California Online Public Schools San Juan Capistrano, CA | $32,661,705 | $70,303,969 |
Camino Nuevo Charter Academy Los Angeles, CA | $62,441,915 | $60,583,098 |
Gateway Community Charters Mcclellan, CA | $96,780,042 | $72,531,964 |
Visions In Education Carmichael, CA | $94,876,505 | $77,038,173 |
Ofl-Baldwin Park Inc Pasadena, CA | $26,446,895 | $59,505,291 |