King-Chavez Academy Of Excellence
- Assets
- $30.2m
- Revenue
- $26.2m
- Investments
- $1.4m
- Employees
- 252
- Location
- San Diego, CA
- Founding
- 11/2002
- Data as of
- 06/2022
- EIN
- 91-2146810
Organization Overview
King-Chavez Academy Of Excellence is located in San Diego, CA. The organization was established in 2002. 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, King-Chavez Academy Of Excellence employed 252 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. King-Chavez Academy Of Excellence 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, King-Chavez Academy Of Excellence generated $26.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $24.7m during the year ending 06/2022. While expenses have increased by 2.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
KING-CHAVEZ NEIGHBORHOOD OF SCHOOLS IS A FAMILY OF FIVE FREE PUBLIC CHARTER SCHOOLS, SERVING STUDENTS FROM TK THROUGH 12TH GRADE. THE MISSION OF KCNS IS SIMPLE, YET POWERFUL. WE SEEK EXCELLENCE IN ACADEMICS, ARTS, AND ATHLETICS FROM THE FOUNDATION OF LOVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KCNS IS COMMITTED TO PROVIDING A WELCOMING AND CURTURALLY SENSITIVE ENVIRONMENT ALONG WITH UNIQUE LEARNING OPPORTUNITIES LIKE CROSS-CIRRICULAR INSTRUCTION, IMPACTFUL FIELD EXPERIENCES, INTERNSHIPS FOR SENIORS, AND FREE AFTER "WE SEEK EXCELLENCE IN ACADEMICS, THE ARTS AND ATHLETICS FROM THE FOUNDATION OF LOVE." TO PROVIDE EDUCATION THROUGH KINDERGARTEN PROGRAM AS WELL AS 6 CHARTER SCHOOLS SERVING APPROXIMATELY 1,651 STUDENTS THROUGHOUT SAN DIEGO COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Massey Trustee | Trustee | 2 | $0 |
Joe Arnold Treasurer/secretary | OfficerTrustee | 2 | $0 |
Matthew Mason Principal | Trustee | 40 | $93,674 |
Jackie Ho Trustee | Trustee | 2 | $0 |
Timothy Wolf President | OfficerTrustee | 2 | $0 |
Jennifer Medina Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Boys & Girls Clubs Of Greater San Diego After School Services | 6/29/22 | $307,155 |
Cdw-government Technology Equipment | 6/29/22 | $249,790 |
Sound Therapies Inc Speech And Language Services | 6/29/22 | $237,415 |
Ymca Of San Diego County After School Services | 6/29/22 | $225,507 |
Charter School Management Corporation Back Office Services | 6/29/22 | $176,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,956,225 |
| All other contributions, gifts, grants, and similar amounts not included above | $194,126 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,150,351 |
| Total Program Service Revenue | $0 |
| Investment income | $71,340 |
| 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 | $26,221,691 |
| 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. | $508,122 |
| Compensation of current officers, directors, key employees. | $218,374 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,908,799 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,062,189 |
| Payroll taxes | $4,029,841 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $95,968 |
| Fees for services: Accounting | $32,101 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,915,918 |
| Advertising and promotion | $16,132 |
| Office expenses | $0 |
| Information technology | $412,485 |
| Royalties | $0 |
| Occupancy | $711,530 |
| Travel | $165,270 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $415,501 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,301,757 |
| Insurance | $297,517 |
| All other expenses | $337,383 |
| Total functional expenses | $24,657,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,580,729 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,891,443 |
| 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 | $561,183 |
| Net Land, buildings, and equipment | $8,670,934 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,429,073 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $75,000 |
| Total assets | $30,208,362 |
| Accounts payable and accrued expenses | $1,652,439 |
| Grants payable | $0 |
| Deferred revenue | $2,680,826 |
| Tax-exempt bond liabilities | $8,500,628 |
| 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 | $12,833,893 |
| Net assets without donor restrictions | $17,374,469 |
| 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 | $30,208,362 |