Francis Parker School
- Assets
- $194.9m
- Revenue
- $57.7m
- Investments
- $0.0
- Employees
- 506
- Location
- San Diego, CA
- Founding
- 10/1943
- Data as of
- 06/2022
- EIN
- 95-1696720
Organization Overview
Francis Parker School is located in San Diego, CA. The organization was established in 1943. 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 06/2022, Francis Parker School employed 506 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Francis Parker 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, Francis Parker School generated $57.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $49.0m during the year ending 06/2022. While expenses have increased by 4.4% 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
TO PROVIDE EDUCATIONAL SERVICES TO STUDENTS FROM JR. KINDERGARTEN THROUGH GRADE 12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRANCIS PARKER SCHOOL IS COMMITTED TO GRADUATING STUDENTS WHO EMBODY THOSE QUALITIES ESSENTIAL FOR ACADEMIC SUCCESS AND PERSONAL FULFILLMENT - INTELLECTUAL CURIOSITY, CREATIVE THINKING, PASSION FOR LEARNING, ETHICAL RESPONSIBILITY, SELF-RELIANCE, COMMUNITY ENGAGEMENT, AND GLOBAL COMPETENCE - BY OFFERING A BALANCED, CHALLENGING AND INTEGRATED K-12 EDUCATIONAL PROGRAM IN ACADEMICS, ATHLETICS, AND THE ARTS, ALL CENTERED IN A VIBRANT AND DIVERSE SCHOOL ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Yaley Head Of School | OfficerTrustee | 40 | $516,154 |
Katharine Wardle CFO | Officer | 40 | $236,948 |
Shara E Freeman Asst Hos For External Relations | 40 | $217,066 | |
Francis Daniel Lang Asst Head Of School Jk-12 Strategic Initiatives | 40 | $173,944 | |
Anthony Thomas Director Of Athletics | 40 | $164,512 | |
Cathy Lee Director Of Finance | 40 | $145,194 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Culinart Group Inc Food Services | 6/29/22 | $1,041,966 |
Professional Maintenance Systems Inc Housekeeping Services | 6/29/22 | $538,566 |
Knowing Technologies Llc Technology Consulting | 6/29/22 | $278,593 |
Allied Universal Security Services Security Services | 6/29/22 | $276,226 |
West Coast General Building Contractors Construction | 6/29/22 | $131,334 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,418,191 |
| Related organizations | $0 |
| Government grants | $240,647 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,121,620 |
| Noncash contributions included in lines 1a–1f | $287,396 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,780,458 |
| Total Program Service Revenue | $46,144,607 |
| Investment income | $1,520,982 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $44,706 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $182,072 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,687,551 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,430,352 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $918,654 |
| Compensation of current officers, directors, key employees. | $576,357 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,639,828 |
| Pension plan accruals and contributions | $1,012,694 |
| Other employee benefits | $2,106,132 |
| Payroll taxes | $1,541,055 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,475,526 |
| Fees for services: Accounting | $60,463 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $59,603 |
| Fees for services: Other | $183,544 |
| Advertising and promotion | $101,776 |
| Office expenses | $29,614 |
| Information technology | $791,401 |
| Royalties | $0 |
| Occupancy | $2,663,288 |
| Travel | $296 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $299,261 |
| Interest | $1,607,367 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,500,007 |
| Insurance | $329,336 |
| All other expenses | $1,997,787 |
| Total functional expenses | $48,983,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,199,009 |
| Savings and temporary cash investments | $20,430,723 |
| Pledges and grants receivable | $4,951,620 |
| Accounts receivable, net | $32,542,107 |
| 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 | $399,690 |
| Net Land, buildings, and equipment | $74,782,450 |
| Investments—publicly traded securities | $51,945,947 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,657,274 |
| Total assets | $194,908,820 |
| Accounts payable and accrued expenses | $5,300,463 |
| Grants payable | $0 |
| Deferred revenue | $40,459,638 |
| Tax-exempt bond liabilities | $49,131,079 |
| 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 | $94,891,180 |
| Net assets without donor restrictions | $42,009,689 |
| Net assets with donor restrictions | $58,007,951 |
| 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 | $194,908,820 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Francis Parker School has recieved totaling $7,032.
| Awarding Organization | Amount |
|---|---|
The Rice Family Foundation San Diego, CA PURPOSE: EDUCATIONAL PROGRAMS: DRAMA DEPT | $6,032 |
Idelson Family Foundation Trust Dtd 7-1-11 Fort Myers, FL PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |
Endowment Analysis
| Beg. Balance | $50,220,508 |
| Earnings | -$5,069,951 |
| Net Contributions | $923,158 |
| Other Expense | $1,217,000 |
| Ending Balance | $44,856,715 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harvard-Westlake School Studio City, CA | $519,427,126 | $134,983,009 |
The Harker School San Jose, CA | $301,623,113 | $112,065,304 |
Taipei American School Foundation Los Angeles, CA | $200,440,067 | $84,912,591 |
Roessler-Chadwick Foundation Palos Verdes Peninsula, CA | $148,653,684 | $85,001,982 |
Antelope Valley Learning Academy Inc Valencia, CA | $39,011,789 | $89,911,071 |
Iolani School Honolulu, HI | $388,589,856 | $96,713,611 |
Valley Christian Schools San Jose, CA | $114,034,879 | $67,792,442 |
Crossroads School For Arts And Sciences Santa Monica, CA | $228,466,642 | $71,695,660 |
Pinecrest Academy Of Nevada Las Vegas, NV | $180,969,815 | $55,227,601 |
Brentwood School Los Angeles, CA | $181,845,528 | $61,517,128 |
Viewpoint Educational Foundation Calabasas, CA | $147,164,644 | $51,317,532 |
Francis Parker School San Diego, CA | $194,908,820 | $57,687,551 |