Charter Foundation
- Assets
- $9.6m
- Revenue
- $187.0k
- Investments
- $1.4k
- Employees
- 2
- Location
- Sebastopol, CA
- Founding
- 01/1999
- Data as of
- 06/2023
- EIN
- 94-3314538
Organization Overview
Charter Foundation is located in Sebastopol, CA. The organization was established in 1999. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2023, Charter Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charter Foundation 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 06/2023, Charter Foundation generated $187.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $114.7k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FACILITIES AND RESOURCES TO CHARTER SCHOOL PROGRAMS WHICH USE THE WALDORF CURRICULUM
Describe the Organization's Program Activity:
THE CHARTER FOUNDATION (CF) IS A NONPROFIT PUBLIC BENEFIT CORPORATION THAT EXISTS TO SUPPORT SEBASTOPOL CHARTER SCHOOL (SCS) BY PROVIDING PROPERTY TO HOUSE THE SCHOOL AND RAISING FUNDS TO SUPPORT THE ONGOING NEEDS OF THE SCHOOL. SCS IS A PUBLIC WALDORF CHARTER SCHOOL LOCATED IN SEBASTOPOL, CA. AT THE END OF THE 2022-2023 SCHOOL YEAR IT HAD AN ENROLLMENT OF 277 STUDENTS PLUS ABOUT 30 ADMINISTRATORS, TEACHERS ANDSTAFF. OUR SUPPORT INCLUDES DIRECT GRANTS TO SCS THAT FILL THE GAP BETWEEN STATE FUNDING AND THE ACTUAL COST OF THE VALUABLE PUBLIC WALDORF EDUCATION THAT SCS PROVIDES. THE CF EXECUTED MULTIPLE SUCCESSFUL FUNDRAISING CAMPAIGNS AND EVENTS DURING FYE 2023 INCLUDING THE FOLLOWING:1. OUR ANNUAL FAMILY PLEDGE CAMPAIGN WHICH EARNED $257,830 AND ACCOMPLISHED 100% FAMILY PARTICIPATION.2. OUR ANNUAL WALDORF WONDER AUCTION WHICH EARNED $17,458.69.3. OUR ANNUAL SPRING-A-THON WHICH EARNED $16,765.37.4. WE WELCOMED THE RETURN OF OUR PUBLIC MAY FAIRE FESTIVAL AFTER A 3-YEAR BREAK DURING THE COVID-19 PANDEMIC. THE EVENT EARNED $10,466.57 AND GATHERED GREAT COMMUNITY ENGAGEMENT AND EXCITEMENT FOR THE COMING YEARS.5. WE APPLIED FOR AND RECEIVED $22,500 IN PRIVATE GRANTS FOR THE DEVELOPMENT OF OUR SCHOOL GARDEN PROJECT.OUR EFFORTS HAVE HAD A DIRECT IMPACT FOR SEBASTOPOL CHARTER SCHOOL, ITS STUDENTS AND THEIR FAMILIES. WEVE IMPROVED THE CAMPUS AND WORKED TO PROVIDE LONGEVITY, SUSTAINABILITY AND FINANCIAL SUPPORT TO THE SCHOOL. OUR MOST NOTABLE PROJECTS INCLUDE THE FOLLOWING:1. WE INSTALLED SOLAR PANELS AND CONVERTED THE SCHOOL TO SOLAR ENERGY ACROSS THE CAMPUS.2. WE PAID FOR THE MATERIALS TO INSTALL A WEATHER SHELTER FOR STUDENTS BEING DROPPED OFF AND WAITING TO BE PICKED UP AFTER SCHOOL.3. WE INSTALLED A FENCE SURROUNDING THE DESIGNATED HALF ACRE SITE OF THE FUTURE SCHOOL GARDEN.4. WE EARNED, AND HELD IN RESERVE, $200,000 FOR THE SCHOOL AS A FINANCIAL BACKSTOP FOR THEIR BUDGETARY, FACILITIES AND PROGRAMMATIC NEEDS.OVERALL, THE CF EARNED $593,173.67 IN REVENUE, INCLUDING RENTAL INCOME, AND PAID OUT $520,882.59 IN EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Hui Johnson President | Trustee | 2 | $0 |
Diana Ortiz Director | Trustee | 2 | $0 |
Franz Feuerherdt Treasurer/sec | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $286,038 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $286,038 |
| Total Program Service Revenue | $5,205 |
| Investment income | $8,339 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$157,013 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $44,691 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$295 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $186,965 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,083 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,718 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $547 |
| Payroll taxes | $6,789 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,138 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,741 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40 |
| Insurance | $1,710 |
| All other expenses | $264 |
| Total functional expenses | $114,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $506,165 |
| Savings and temporary cash investments | $354,519 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $600 |
| Net Land, buildings, and equipment | $8,754,037 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,441 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $9,616,763 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $575,000 |
| Deferred revenue | $0 |
| 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 | $4,370,457 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,110 |
| Total liabilities | $4,969,567 |
| Net assets without donor restrictions | $4,647,196 |
| 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 | $9,616,763 |