Ashbrook Independent School
- Assets
- $8.0m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 58
- Location
- Corvallis, OR
- Founding
- 04/1995
- Data as of
- 07/2023
- EIN
- 93-1131186
Organization Overview
Ashbrook Independent School is located in Corvallis, OR. The organization was established in 1995. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 07/2023, Ashbrook Independent School employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ashbrook Independent 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 07/2023, Ashbrook Independent School generated $3.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $3.0m during the year ending 07/2023. While expenses have increased by 4.5% per year over the past 8 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
PROVIDE EDUCATION PROGRAMS AND SERVICES FOR PRESCHOOL THROUGH EIGHTH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION PROGRAMS AND SERVICES FOR PRESCHOOL THROUGH EIGHTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tze-Yiu Yong Chair | OfficerTrustee | 2 | $0 |
Alan Chang Secretary | OfficerTrustee | 1 | $0 |
Lori Tully Treasurer | OfficerTrustee | 1 | $0 |
Hwei-Yun Gore Board Member | Trustee | 1 | $0 |
Stephanie O'connor Board Member | Trustee | 1 | $0 |
David Gore Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $97,880 |
| Related organizations | $0 |
| Government grants | $513,440 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,333 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $657,653 |
| Total Program Service Revenue | $2,176,534 |
| Investment income | $51,356 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,045 |
| Net Gain/Loss on Asset Sales | $237,726 |
| Net Income from Fundraising Events | -$17,496 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,124,818 |
| 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. | $212,100 |
| Compensation of current officers, directors, key employees. | $212,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,438,073 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $268,659 |
| Payroll taxes | $172,666 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $850 |
| Fees for services: Accounting | $19,623 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,891 |
| Advertising and promotion | $46,249 |
| Office expenses | $0 |
| Information technology | $37,041 |
| Royalties | $0 |
| Occupancy | $257,910 |
| Travel | $5,598 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,478 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $303,336 |
| Insurance | $23,758 |
| All other expenses | $34,014 |
| Total functional expenses | $3,036,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,961,257 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,192 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,312 |
| Prepaid expenses and deferred charges | $3,061 |
| Net Land, buildings, and equipment | $4,892,346 |
| Investments—publicly traded securities | $1,153,343 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,044,511 |
| Accounts payable and accrued expenses | $70,093 |
| Grants payable | $0 |
| Deferred revenue | $1,109,855 |
| 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 | $82,746 |
| Total liabilities | $1,262,694 |
| Net assets without donor restrictions | $6,609,314 |
| Net assets with donor restrictions | $172,503 |
| 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 | $8,044,511 |