Ofl William S Hart Inc
- Assets
- $15.1m
- Revenue
- $18.2m
- Investments
- $0.0
- Employees
- 280
- Location
- Pasadena, CA
- Founding
- 09/2019
- Data as of
- 06/2022
- EIN
- 83-3736184
Organization Overview
Ofl William S Hart Inc is located in Pasadena, CA. The organization was established in 2019. 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, Ofl William S Hart Inc employed 280 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ofl William S Hart 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, Ofl William S Hart Inc generated $18.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $16.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 3 years. 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
OFFER STUDENTS A FLEXIBLE, PERSONALIZED APPROACH TO EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR SCHOOLS CREATE AN EDUCATIONAL CHOICE FOR ALL STUDENTS. OUR STAFF CONNECTS WITH STUDENTS TO EMPOWER AND INSPIRE THEM TO ACHIEVE THEIR GOALS AND MAKE THEIR DREAMS A REALITY. THE CHARTER SCHOOL PROVIDES INDEPENDENT STUDY PROGRAMS FOR INDIVIDUALS NOT ATTENDING TRADITIONAL SCHOOL. IN THE 2021-2022 SCHOOL YEAR, THE ORGANIZATION SERVED 441 STUDENTS IN GRADES 7 THROUGH 12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Herrold Egger President | OfficerTrustee | 2 | $0 |
Bobbi Newman Secretary/treasurer | OfficerTrustee | 2 | $0 |
Peter Russell Member | Trustee | 2 | $0 |
Yelena Shapiro Principal | 40 | $151,054 | |
Zachary Hillewaert Assistant Principal | 40 | $133,290 | |
Stephanie Bowen Assistant Principal | 40 | $130,791 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
9 Dot Education Solutions Llc Back Office Services | 6/29/22 | $1,811,680 |
Partners In Special Education Inc Educational Services | 6/29/22 | $693,010 |
Skyrocket Inc Educational Services | 6/29/22 | $1,720,377 |
Education Dynamics Inc Technology Services | 6/29/22 | $852,147 |
Propel A Charter Management Group Inc Management Services | 6/29/22 | $607,039 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,167,807 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,167,807 |
| 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 | $18,167,889 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,650,181 |
| Pension plan accruals and contributions | $167,671 |
| Other employee benefits | $830,149 |
| Payroll taxes | $605,986 |
| Fees for services: Management | $3,374,678 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,600,054 |
| Advertising and promotion | $10,358 |
| Office expenses | $153,697 |
| Information technology | $24,601 |
| Royalties | $0 |
| Occupancy | $801,641 |
| Travel | $52,459 |
| 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 | $164,511 |
| Insurance | $98,680 |
| All other expenses | $0 |
| Total functional expenses | $16,531,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,915,031 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,004,506 |
| 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 | $65,293 |
| Net Land, buildings, and equipment | $132,529 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,276 |
| Total assets | $15,147,635 |
| Accounts payable and accrued expenses | $4,114,046 |
| Grants payable | $0 |
| Deferred revenue | $1,074,272 |
| 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 | $5,188,318 |
| Net assets without donor restrictions | $9,959,317 |
| 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 | $15,147,635 |