Albert Einstein Academies
- Assets
- $21.2m
- Revenue
- $17.4m
- Investments
- $0.0
- Employees
- 175
- Location
- San Diego, CA
- Founding
- 09/2007
- Data as of
- 06/2021
- EIN
- 87-0759939
Organization Overview
Albert Einstein Academies is located in San Diego, CA. The organization was established in 2007. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2021, Albert Einstein Academies employed 175 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albert Einstein Academies 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, Albert Einstein Academies generated $17.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $16.3m during the year ending 06/2021. While expenses have increased by 5.5% per year over the past 6 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
TO ENABLE STUDENTS TO BECOME COMPETENT CONTRIBUTING MEMBERS OF SOCIETY EQUIPPED WITH READING, WRITING, MATH, TECHNOLOGY, AND PROBLEM SOLVING SKILLS NECESSARY FOR SUCCESS IN A RAPIDLY CHANGING WORLD
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF PUBLIC CHARTER SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Sciarretta Executive Dir. | Officer | 40 | $234,131 |
Margaretta Bouterse Principal | 40 | $167,138 | |
Andreas Trakas Principal | 40 | $143,723 | |
Christopher Beesley Treasurer | Officer | 2 | $0 |
Kristin Rebien Secretary | Officer | 2 | $0 |
Maria Ortega President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,229,032 |
| All other contributions, gifts, grants, and similar amounts not included above | $94,884 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,323,916 |
| Total Program Service Revenue | $0 |
| Investment income | $55,161 |
| 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 | $17,379,077 |
| 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. | $234,131 |
| Compensation of current officers, directors, key employees. | $234,131 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,514,676 |
| Pension plan accruals and contributions | $1,406,212 |
| Other employee benefits | $1,132,024 |
| Payroll taxes | $259,592 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $86,761 |
| Fees for services: Accounting | $14,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $701,528 |
| Advertising and promotion | $4,716 |
| Office expenses | $0 |
| Information technology | $115,066 |
| Royalties | $0 |
| Occupancy | $5,591 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,303 |
| Interest | $1,002,219 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $464,226 |
| Insurance | $94,034 |
| All other expenses | $137,771 |
| Total functional expenses | $16,295,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,217,051 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,328,057 |
| 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 | $209,057 |
| Net Land, buildings, and equipment | $10,122,274 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,313,332 |
| Total assets | $21,189,771 |
| Accounts payable and accrued expenses | $1,803,546 |
| Grants payable | $0 |
| Deferred revenue | $84,767 |
| Tax-exempt bond liabilities | $14,009,483 |
| 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 | $473,117 |
| Other liabilities | $32,939 |
| Total liabilities | $16,403,852 |
| Net assets without donor restrictions | $4,785,919 |
| 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 | $21,189,771 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Albert Einstein Academies has recieved totaling $29,100.
| Awarding Organization | Amount |
|---|---|
Jewish Life Santa Clarita, CA | | $29,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Behavioral Health Corporation Phoenix, AZ | $19,459,678 | $40,892,493 |
Turning Point Usa Inc Phoenix, AZ | $7,306,560 | $39,843,289 |
Central City Community Health Center Monterey Park, CA | $37,966,009 | $52,273,838 |
Koret Foundation San Francisco, CA | $515,520,670 | $39,088,314 |
South Coast Childrens Society Inc Mission Viejo, CA | $13,233,032 | $36,840,141 |
Partnerships To Uplift Communities Valley Burbank, CA | $45,863,273 | $39,395,312 |
Lake County Tribal Health Consortium Inc Lakeport, CA | $69,377,072 | $39,633,665 |
Child And Family Service Ewa Beach, HI | $20,885,160 | $29,767,300 |
Baby2baby Los Angeles, CA | $23,910,524 | $31,584,050 |
Food Bank For Monterey County Salinas, CA | $26,383,272 | $28,927,721 |
Self Enhancement Inc Portland, OR | $28,150,324 | $38,753,460 |
Oak Grove Institute Foundation Inc Murrieta, CA | $29,102,821 | $23,083,215 |