Vibrant Minds Charter School
- Assets
- $5.9m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 63
- Location
- Anaheim, CA
- Founding
- Data as of
- 06/2023
- EIN
- 84-4471218
Organization Overview
Vibrant Minds Charter School is located in Anaheim, CA. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Vibrant Minds Charter School employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vibrant Minds Charter School 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 06/2023, Vibrant Minds Charter School generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $3.8m during the year ending 06/2023. While expenses have increased by 9.7% per year over the past 3 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MEMBERS OF VIBRANT MINDS CHARTER SCHOOL CREATE AN ENRICHED AND ENGAGING LEARNING ENVIRONMENT IN WHICH INTERESTS ARE DISCOVERED AND TRANSFORMED INTO STRENGTHS. CHARACTER IS REFINED THROUGH SELF-AWARENESS, ACCEPTANCE OF OTHERS, AND SERVICE TO THE COMMUNITY. ABOVE ALL, THERE IS COMMITMENT TO IGNITE A LOVE FOR LEARNING AND INSPIRE A QUEST TO FULFILL ONE'S UNLIMITED POTENTIAL AS A UNIQUE HUMAN BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TK THROUGH 6TH GRADE, FREE, PUBLIC CHARTER SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Schroeder Founding Dir | Officer | 40 | $48,662 |
Mike Anderson President | OfficerTrustee | 2 | $0 |
Kyle Bonenberger Member | Trustee | 2 | $0 |
Fareed Farukhi CFO | OfficerTrustee | 2 | $0 |
Robert Nelson Secretary | Trustee | 2 | $0 |
Sharon Rhee Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,961,641 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,152 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,033,793 |
| Total Program Service Revenue | $0 |
| Investment income | $11,119 |
| 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 | $5,044,912 |
| 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. | $49,746 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,895,258 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $411,464 |
| Payroll taxes | $107,205 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,334 |
| Fees for services: Accounting | $9,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $284,495 |
| Advertising and promotion | $1,044 |
| Office expenses | $29,695 |
| Information technology | $24,667 |
| Royalties | $0 |
| Occupancy | $356,551 |
| Travel | $43,723 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $55 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $137,545 |
| All other expenses | $15 |
| Total functional expenses | $3,817,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,660,496 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $755,744 |
| 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 | $74,473 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,977,842 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $427,385 |
| Total assets | $5,895,940 |
| Accounts payable and accrued expenses | $298,057 |
| Grants payable | $0 |
| Deferred revenue | $268,084 |
| 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 | $427,385 |
| Total liabilities | $993,526 |
| Net assets without donor restrictions | $4,902,414 |
| 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 | $5,895,940 |