The Chicago School - California Inc
- Assets
- $127.8m
- Revenue
- $98.2m
- Investments
- $0.0
- Employees
- 1,057
- Location
- Los Angeles, CA
- Founding
- 06/2010
- Data as of
- 05/2022
- EIN
- 90-0394713
Organization Overview
The Chicago School - California Inc, operating under the name The Chicago School of Professional Psychology, is located in Los Angeles, CA. The organization was established in 2010. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 05/2022, Chicago School of Professional Psychology employed 1,057 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago School of Professional Psychology 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 05/2022, Chicago School of Professional Psychology generated $98.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $87.9m during the year ending 05/2022. While expenses have increased by 6.8% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
INTEGRATING THEORY, PROFESSIONAL PRACTICE AND INNOVATION, THE CHICAGO SCHOOL OF PROFESSIONAL PSYCHOLOGY PROVIDES AN EXCELLENT EDUCATION FOR CAREERS IN PSYCHOLOGY AND RELATED BEHAVIORAL AND HEALTH SCIENCES.
Describe the Organization's Program Activity:
THE COLLEGE IS PART OF A NETWORK OF CAMPUSES OF THE CHICAGO SCHOOL (TCSPP). THE CHICAGO SCHOOL - CALIFORNIA, INC. IS A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION. TCSPP IS AN ACCREDITED INSTITUTION WITH MORE THAN 6,000 STUDENTS AT CAMPUSES ACROSS THE COUNTRY AND MORE THAN 3,400 STUDENTS AT THE LOS ANGELES, ORANGE COUNTY, SAN DIEGO AND ONLINE CAMPUSES ALONE. TCSPP AND THE COLLEGE HAVE BEEN INNOVATORS IN THE FIELD OF PSYCHOLOGY AND RELATED BEHAVIORAL SCIENCES FOR MORE THAN FORTY YEARS. THE COLLEGE OFFERS MORE THAN TWENTY DEGREE PROGRAMS. IT IS REGIONALLY ACCREDITED BY THE WESTERN ASSOCIATION OF SCHOOLS & COLLEGES SENIOR COLLEGE AND UNIVERSITY COMMISSION AND IS AN ACTIVE MEMBER OF THE NATIONAL COUNCIL OF SCHOOLS AND PROGRAMS AND PROFESSIONAL PSYCHOLOGY, WHICH HAS RECOGNIZED THE COLLEGE FOR ITS DISTINGUISHED SERVICE AND OUTSTANDING CONTRIBUTIONS TO CULTURAL DIVERSITY AND ADVOCACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Nealon Institution Pres./trustee | OfficerTrustee | 34 | $804,823 |
Michael Falotico Chief Operating Officer | Officer | 40 | $250,514 |
Theodore Scholz Chief Academic Officer | Officer | 40 | $243,553 |
David Iwane VP Human Resources Until 5/28/22 | 40 | $199,595 | |
William Brown Chief Strategy Officer | 40 | $198,704 | |
Danielle Sperandeo Campus Dean | 40 | $172,705 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tevera Llc Information Technology Services | 5/30/22 | $308,495 |
Howard Building Corporation Construction Management Services | 5/30/22 | $3,968,149 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,310,053 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,207 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,372,260 |
| Total Program Service Revenue | $88,362,574 |
| Investment income | $706,549 |
| 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 | $98,235,232 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,828,230 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,920,256 |
| Compensation of current officers, directors, key employees. | $1,619,252 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,930,043 |
| Pension plan accruals and contributions | $1,595,405 |
| Other employee benefits | $2,457,921 |
| Payroll taxes | $2,454,071 |
| Fees for services: Management | $10,020,161 |
| Fees for services: Legal | $620,470 |
| 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 | $356,605 |
| Advertising and promotion | $14,457,455 |
| Office expenses | $241,016 |
| Information technology | $354,067 |
| Royalties | $0 |
| Occupancy | $2,478,843 |
| Travel | $251,966 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $387,645 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,811,480 |
| Insurance | $797,210 |
| All other expenses | $3,179,035 |
| Total functional expenses | $87,927,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,420,807 |
| Savings and temporary cash investments | $15,415,973 |
| Pledges and grants receivable | $72,669 |
| Accounts receivable, net | $1,424,648 |
| 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 | $753,388 |
| Net Land, buildings, and equipment | $12,137,850 |
| Investments—publicly traded securities | $43,564,187 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,995,588 |
| Total assets | $127,785,110 |
| Accounts payable and accrued expenses | $8,317,670 |
| Grants payable | $0 |
| Deferred revenue | $12,641,929 |
| 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 | $26,708,004 |
| Total liabilities | $47,667,603 |
| Net assets without donor restrictions | $79,990,054 |
| Net assets with donor restrictions | $127,453 |
| 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 | $127,785,110 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that The Chicago School - California Inc has recieved totaling $335,381.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $105,127 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $105,127 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $105,127 |
American Psychological Foundation Inc Washington, DC PURPOSE: SHOLARSHIPS | $20,000 |
Endowment Analysis
| Beg. Balance | $74,288,133 |
| Earnings | -$4,209,026 |
| Ending Balance | $70,079,107 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Basis Charter Schools Inc Scottsdale, AZ | $320,752,244 | $144,837,590 |
Kipp Foundation San Francisco, CA | $136,274,072 | $130,699,963 |
The Chicago School - California Inc Los Angeles, CA | $127,785,110 | $98,235,232 |
Social Good Fund Richmond, CA | $64,387,201 | $85,650,973 |
Avid Center San Diego, CA | $134,506,037 | $61,146,519 |
Khan Academy Inc Mountain View, CA | $115,035,528 | $59,263,743 |
California School Employees Association San Jose, CA | $160,720,307 | $80,296,309 |
Prager University Foundation Sherman Oaks, CA | $86,724,321 | $65,499,557 |
The Oakland Public Education Fund Oakland, CA | $29,835,630 | $28,210,005 |
Unicare Community Health Center Inc Ontario, CA | $12,734,998 | $31,780,162 |
Spectrum Healthcare Group Inc Cottonwood, AZ | $17,862,058 | $29,292,227 |
University Studies Abroad Consortium Reno, NV | $41,233,258 | $28,044,577 |