Allegiance Steam Academy Inc
- Assets
- $6.2m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 123
- Location
- Chino, CA
- Founding
- 09/2018
- Data as of
- 06/2022
- EIN
- 82-2556226
Organization Overview
Allegiance Steam Academy Inc is located in Chino, CA. The organization was established in 2018. 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, Allegiance Steam Academy Inc employed 123 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allegiance Steam Academy 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 06/2022, Allegiance Steam Academy Inc generated $10.4m in total revenue. All expenses for the organization totaled $9.6m during the year ending 06/2022. While expenses have increased by 155.5% per year over the past 5 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
A PUBLIC CHARTER SCHOOL THAT TEACHES STUDENTS THE SKILLS NEEDED TO BE COLLEGE AND CAREER READY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VISION OF ALLEGIANCE STEAM ACADEMY IS TO ESTABLISH A SAFE SCHOOL ENVIRONMENT IN WHICH STUDENTS ARE INSPIRED TO TAKE RISKS TO GAIN SKILLS TO BE SUCCESSFUL IN THE LOCAL AND GLOBAL COMMUNITIES. ALLEGIANCE STEAM ACADEMY WILL BE A HARBOR OF INNOVATION AND ACCOUNTABILITY WHERE STUDENTS, STAFF AND FAMILIES ARE KEY COLLABORATORS IN THE DECISION-MAKING PROCESSES. BY PROVIDING A SCHOOL BASED ON BEST PRACTICES, ALLEGIANCE STEAM ACADEMY SERVED APPROXIMATLY 880 STUDENTS DURING THE 2021-2022 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samantha Odo Chair | OfficerTrustee | 2 | $0 |
Jason Liso Treasurer | OfficerTrustee | 2 | $0 |
Marcylin Jones Secretary | OfficerTrustee | 2 | $0 |
Troy Stevens Member | Trustee | 2 | $0 |
Claudia Reynolds Member | Trustee | 2 | $0 |
Sebastian Cognetta Chief Executive Officer | Officer | 40 | $155,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,339,270 |
| All other contributions, gifts, grants, and similar amounts not included above | $96,208 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,435,478 |
| 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 | $10,441,501 |
| 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. | $194,012 |
| Compensation of current officers, directors, key employees. | $25,221 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,442,110 |
| Pension plan accruals and contributions | $919,394 |
| Other employee benefits | $360,727 |
| Payroll taxes | $154,062 |
| Fees for services: Management | $492,342 |
| Fees for services: Legal | $53,672 |
| Fees for services: Accounting | $12,758 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $480,946 |
| Advertising and promotion | $0 |
| Office expenses | $180,601 |
| Information technology | $75,991 |
| Royalties | $0 |
| Occupancy | $144,163 |
| Travel | $3,326 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,463 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,190 |
| Insurance | $107,354 |
| All other expenses | $85,891 |
| Total functional expenses | $9,640,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,315,615 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,682,026 |
| Accounts receivable, net | $0 |
| 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 | $148,790 |
| Net Land, buildings, and equipment | $8,330 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,154,761 |
| Accounts payable and accrued expenses | $698,236 |
| Grants payable | $0 |
| Deferred revenue | $281,469 |
| 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 | $979,705 |
| Net assets without donor restrictions | $5,175,056 |
| 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 | $6,154,761 |