Polytechnic School
- Assets
- $176.5m
- Revenue
- $53.4m
- Investments
- $19.5m
- Employees
- 486
- Location
- Pasadena, CA
- Founding
- 08/1935
- Data as of
- 06/2023
- EIN
- 95-1641456
Organization Overview
Polytechnic School is located in Pasadena, CA. The organization was established in 1935. 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 06/2023, Polytechnic School employed 486 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Polytechnic 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 06/2023, Polytechnic School generated $53.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $47.4m during the year ending 06/2023. While expenses have increased by 3.2% 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
POLYTECHNIC IS AN INDEPENDENT, COEDUCATIONAL, DAY SCHOOL FOR APPROXIMATELY 870 STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POLYTECHNIC SCHOOL IS AN INDEPENDENT, COEDUCATIONAL DAY SCHOOL FOR APPROXIMATELY 870 STUDENTS IN KINDERGARTEN THROUGH GRADE TWELVE. THE SCHOOL WAS ESTABLISHED IN 1907 AND IS LOCATED ON A 15 ACRE CAMPUS IN PASADENA, CALIFORNIA. THE SCHOOL OFFERS A STRONG ACADEMIC PROGRAM, ACTIVITIES BEYOND THE CLASSROOM INCLUDING ATHLETICS, OUTDOOR EDUCATION, COMMUNITY SERVICE, AND THE VISUAL AND PERFORMING ARTS. THE SCHOOL STRIVES TO REFLECT THE CULTURAL, ETHNIC AND ECONOMIC DIVERSITY PRESENT IN THE PASADENA AND SAN GABRIEL VALLEY AREA. THE SCHOOL OFFERS SMALL CLASSES WHICH ENCOURAGE DEEP STUDENT-FACULTY INTERACTION, FACILITIES THAT ENHANCE THE ABILITY OF THE FACULTY TO TEACH, AND OPPORTUNITIES FOR FACULTY DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Molz Todd Board Chair | OfficerTrustee | 5 | $0 |
Cardenas Rosalina Secretary | OfficerTrustee | 5 | $0 |
Sabbag Margaret Treasurer | OfficerTrustee | 5 | $0 |
Callahan Ezra Vice Chair | OfficerTrustee | 5 | $0 |
Singla Sonia Vice Chair | OfficerTrustee | 5 | $0 |
Ansari Mohsin Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tumbleweed Transportation Bus Transportation | 6/29/23 | $212,879 |
Perry C Thomas Construction Inc Construction | 6/29/23 | $200,786 |
Bevaris Alliance Food Service | 6/29/23 | $159,876 |
Lh Productions Sound Production | 6/29/23 | $180,374 |
Scoot Education Temporary Agency | 6/29/23 | $170,284 |
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 | $11,802,624 |
| Noncash contributions included in lines 1a–1f | $2,147,272 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,802,624 |
| Total Program Service Revenue | $35,221,793 |
| Investment income | $2,376,080 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$3,824 |
| Net Gain/Loss on Asset Sales | $3,640,283 |
| Net Income from Fundraising Events | $53,813 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,435,993 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,961,786 |
| Grants and other assistance to Foreign Orgs/Individuals | $8,306 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,019,940 |
| Compensation of current officers, directors, key employees. | $1,019,940 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,148,609 |
| Pension plan accruals and contributions | $1,339,700 |
| Other employee benefits | $2,620,359 |
| Payroll taxes | $1,593,263 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,482 |
| Fees for services: Accounting | $102,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $275,941 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $523,306 |
| Information technology | $429,989 |
| Royalties | $0 |
| Occupancy | $2,448,670 |
| 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 | $3,059,892 |
| Insurance | $593,877 |
| All other expenses | $3,860,447 |
| Total functional expenses | $47,443,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,852,326 |
| Savings and temporary cash investments | $5,681,998 |
| Pledges and grants receivable | $11 |
| Accounts receivable, net | $800 |
| 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 | $1,689,316 |
| Net Land, buildings, and equipment | $61,605,713 |
| Investments—publicly traded securities | $83,218,718 |
| Investments—other securities | $19,537,274 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $946,827 |
| Total assets | $176,532,983 |
| Accounts payable and accrued expenses | $3,392,210 |
| Grants payable | $0 |
| Deferred revenue | $4,839,874 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $199,753 |
| 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 | $338,669 |
| Total liabilities | $8,770,506 |
| Net assets without donor restrictions | $104,400,476 |
| Net assets with donor restrictions | $63,362,001 |
| 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 | $176,532,983 |
Grants Awarded
Over the last fiscal year, Polytechnic School has awarded $19,990 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SOCIAL AND ENVIRONMENTAL ENTREPRENEURS PURPOSE: DONATION TO MIRY'S- FOR REFUGEE FAMILIES | $6,500 |
THE LILY PROJECT PURPOSE: DONATION FOR WOMEN'S HEALTH IN CENTRAL AMERICA | $6,490 |
ROSE BOWL LEGACY FOUNDATION PURPOSE: DONATION TO SUPPORT ROSE BOWL FOUNDATION | $7,000 |