Charles Armstrong School
- Assets
- $28.3m
- Revenue
- $14.9m
- Investments
- $0.0
- Employees
- 119
- Location
- Belmont, CA
- Founding
- 12/1969
- Data as of
- 06/2022
- EIN
- 94-1666217
Organization Overview
Charles Armstrong School is located in Belmont, CA. The organization was established in 1969. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Charles Armstrong School employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles Armstrong 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 06/2022, Charles Armstrong School generated $14.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $13.8m during the year ending 06/2022. While expenses have increased by 4.1% 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
TO PROVIDE SPECIALIZED EDUCATION TO STUDENTS WITH SPECIFIC LANGUAGE DISABILITIES, MAINLY, DYSLEXIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDES SPECIAL EDUCATIONAL SERVICES FOR APPROXIMATELY 235 STUDENTS, GRADE 2-8, WITH SPECIFIC LANGUAGE DISABILITIES, PRIMARILY DYSLEXIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Storey Trustee - Board Chair | Trustee | 1 | $0 |
Jenna Ellis Trustee - Vice Chair | Trustee | 1 | $0 |
Mike Formolo Trustee - Treasurer | OfficerTrustee | 1 | $0 |
Betsy Berman Trustee - Secretary | Trustee | 1 | $0 |
Omar Aguilar Trustee | Trustee | 1 | $0 |
Eric Bluestein Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $59,290 |
| Related organizations | $0 |
| Government grants | $1,527,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,091,141 |
| Noncash contributions included in lines 1a–1f | $1,527,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,677,931 |
| Total Program Service Revenue | $11,335,905 |
| Investment income | $270,209 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $248,748 |
| Net Income from Fundraising Events | $24,564 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,854,128 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,981,061 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $579,117 |
| Compensation of current officers, directors, key employees. | $394,297 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,849,721 |
| Pension plan accruals and contributions | $393,963 |
| Other employee benefits | $996,546 |
| Payroll taxes | $566,290 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,736 |
| 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 | $258,388 |
| Advertising and promotion | $48,472 |
| Office expenses | $39,795 |
| Information technology | $158,530 |
| Royalties | $0 |
| Occupancy | $164,857 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $101,762 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $611,976 |
| Insurance | $74,705 |
| All other expenses | $113,242 |
| Total functional expenses | $13,799,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,920,555 |
| Savings and temporary cash investments | $212,873 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,560,258 |
| 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 | $150,093 |
| Net Land, buildings, and equipment | $6,387,186 |
| Investments—publicly traded securities | $13,980,146 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $133,276 |
| Total assets | $28,344,387 |
| Accounts payable and accrued expenses | $1,290,887 |
| Grants payable | $0 |
| Deferred revenue | $10,030,489 |
| 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 | $0 |
| Total liabilities | $11,321,376 |
| Net assets without donor restrictions | $13,324,837 |
| Net assets with donor restrictions | $3,698,174 |
| 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 | $28,344,387 |