Ofl William S Hart Inc
- Assets
- $12.0m
- Revenue
- $20.2m
- Investments
- $0.0
- Employees
- 287
- Location
- Pasadena, CA
- Founding
- 09/2019
- Data as of
- 06/2021
- 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 06/2021, Ofl William S Hart Inc employed 287 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 06/2021, Ofl William S Hart Inc generated $20.2m in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $18.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 2 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
2021
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 BASED ON AVERAGE DAILY ATTENDANCE OF 1,763 FOR GRADES 7 THROUGH 12.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catlin Rhymer Assistant Principal Of Int | 40 | $147,142 | |
Yelena Shapiro Principal | 40 | $137,183 | |
Michael Leonesio Assistant Principal | 40 | $116,621 | |
Stephanie Bowen Assistant Principal | 40 | $116,356 | |
Sindy Park Assistant Principal | 40 | $108,656 | |
Herold Egger President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kenningston Del Rancho Llc Rent And Property Management | 6/29/21 | $260,335 |
Soledad Entertainment Llc Rent And Property Management | 6/29/21 | $200,172 |
Sixth & Union Llc Rent And Property Management | 6/29/21 | $101,992 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,152,771 |
| 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 | $20,152,771 |
| 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 | $20,153,084 |
| 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 | $7,750,215 |
| Pension plan accruals and contributions | $135,551 |
| Other employee benefits | $1,103,364 |
| Payroll taxes | $582,786 |
| Fees for services: Management | $3,511,545 |
| 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 | $1,823,071 |
| Advertising and promotion | $17,739 |
| Office expenses | $113,074 |
| Information technology | $27,460 |
| Royalties | $0 |
| Occupancy | $772,226 |
| Travel | $6,015 |
| 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 | $203,636 |
| Insurance | $71,772 |
| All other expenses | $40,039 |
| Total functional expenses | $18,137,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,881,199 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,678,748 |
| 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 | $123,674 |
| Net Land, buildings, and equipment | $238,508 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,276 |
| Total assets | $11,952,405 |
| Accounts payable and accrued expenses | $2,978,017 |
| Grants payable | $0 |
| Deferred revenue | $651,650 |
| 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 | $3,629,667 |
| Net assets without donor restrictions | $8,322,738 |
| 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 | $11,952,405 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lifelong Learning Administration Corporation Lancaster, CA | $25,266,460 | $53,959,766 |
Wonderful College Prep Academy Delano, CA | $24,794,533 | $50,280,007 |
California Virtual Academies At Los Angeles Simi Valley, CA | $29,684,011 | $46,331,896 |
Cabrillo Point Academy Poway, CA | $23,203,988 | $48,389,829 |
Vaughn Next Century Learning Center San Fernando, CA | $201,824,802 | $53,063,832 |
Pacific Coast Academy Poway, CA | $20,772,611 | $44,078,486 |
Birmingham Community Charter High School Van Nuys, CA | $42,319,173 | $47,098,171 |
Education For Change Oakland, CA | $46,722,136 | $44,379,557 |
Mojave River Academy Schools Oro Grande, CA | $19,432,116 | $42,903,299 |
Isana Los Angeles, CA | $25,748,660 | $48,465,580 |
Legacy Traditional Schools - Nevada Inc Chandler, AZ | $98,471,077 | $39,227,732 |
Fenton Charter Public Schools Sun Valley, CA | $39,044,614 | $44,887,355 |