Allegiance Steam Academy Inc
- Assets
- $5.2m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 93
- Location
- Chino, CA
- Founding
- 09/2018
- Data as of
- 06/2021
- 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 06/2021, Allegiance Steam Academy Inc employed 93 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 06/2021, Allegiance Steam Academy Inc generated $9.1m in total revenue. All expenses for the organization totaled $6.7m during the year ending 06/2021. While expenses have increased by 195.3% 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
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 640 STUDENTS DURING THE 2020-2021 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sebastian Cognetta Chief Executive Officer | Officer | 40 | $139,881 |
Callie Moreno Director Of Educational Programs | 40 | $107,096 | |
Jason Liso Treasurer | OfficerTrustee | 2 | $0 |
Samantha Odo Chair | OfficerTrustee | 2 | $0 |
Marcilyn Jones Secretary | OfficerTrustee | 2 | $0 |
Claudia Reynolds Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,105,781 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,276 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,113,057 |
| 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 | $9,115,528 |
| 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. | $175,524 |
| Compensation of current officers, directors, key employees. | $22,494 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,686,372 |
| Pension plan accruals and contributions | $611,399 |
| Other employee benefits | $286,823 |
| Payroll taxes | $110,071 |
| Fees for services: Management | $477,641 |
| Fees for services: Legal | $9,375 |
| Fees for services: Accounting | $12,627 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $121,018 |
| Advertising and promotion | $0 |
| Office expenses | $89,128 |
| Information technology | $70,123 |
| Royalties | $0 |
| Occupancy | $93,959 |
| Travel | $112 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,185 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $96,527 |
| All other expenses | $37,764 |
| Total functional expenses | $6,735,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,167,861 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,982,711 |
| 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 | $95,065 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,245,637 |
| Accounts payable and accrued expenses | $604,643 |
| Grants payable | $0 |
| Deferred revenue | $266,947 |
| 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 | $871,590 |
| Net assets without donor restrictions | $4,374,047 |
| 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 | $5,245,637 |
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