Southwestern Academy
- Assets
- $24.6m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 76
- Location
- San Marino, CA
- Founding
- 09/1963
- Data as of
- 08/2021
- EIN
- 95-2151023
Organization Overview
Southwestern Academy is located in San Marino, CA. The organization was established in 1963. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 08/2021, Southwestern Academy employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwestern Academy 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 08/2021, Southwestern Academy generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $3.7m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SOUTHWESTERN ACADEMY IS A COEDUCATIONAL COLLEGE PREPARATORY BOARDING/DAY SCHOOL, FOR GRADES 6 - 12, WITH TWO CAMPUSES - ONE IN SAN MARINO, CALIFORNIA, AND THE OTHER IN RIMROCK, ARIZONA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED COLLEGE PREPARATORY SCHOOL FOR 170 STUDENTS, IN GRADES 6 THROUGH 12.
OPERATED COLLEGE PREPARATORY SCHOOL FOR 170 STUDENTS, IN GRADES 6 THROUGH 12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Jarchow Ceo/head Of Sch | OfficerTrustee | 45 | $108,023 |
Toby Hooper Director Of Ops | Officer | 45 | $74,137 |
Steffanie Sparks Business Manage | Officer | 40 | $71,002 |
Brian Shriwise Registrar | Officer | 45 | $70,680 |
Louis Pulgencio Director Int'l | Officer | 45 | $69,065 |
Kenneth Veronda Headmaster/sec | OfficerTrustee | 45 | $45,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $644,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,469 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $654,469 |
| Total Program Service Revenue | $2,179,398 |
| Investment income | $252,859 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,127,258 |
| 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. | $438,707 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,572,918 |
| Pension plan accruals and contributions | $98,568 |
| Other employee benefits | $233,120 |
| Payroll taxes | $159,834 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,722 |
| Fees for services: Accounting | $12,208 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $51,760 |
| Fees for services: Other | $48,933 |
| Advertising and promotion | $0 |
| Office expenses | $13,467 |
| Information technology | $28,106 |
| 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 | $16,126 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $274,199 |
| Insurance | $144,948 |
| All other expenses | $205,783 |
| Total functional expenses | $3,729,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,277 |
| Savings and temporary cash investments | $221,425 |
| 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 | $0 |
| Net Land, buildings, and equipment | $14,444,115 |
| Investments—publicly traded securities | $9,937,713 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,648,530 |
| Accounts payable and accrued expenses | $323 |
| Grants payable | $0 |
| Deferred revenue | $2,129,766 |
| 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 | $2,043,743 |
| Other liabilities | $0 |
| Total liabilities | $4,173,832 |
| Net assets without donor restrictions | $20,474,698 |
| 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 | $24,648,530 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southwestern Academy has recieved totaling $91.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $91 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oak Grove Institute Foundation Inc Murrieta, CA | $29,102,821 | $23,083,215 |
Taco Bell Foundation Inc Irvine, CA | $32,895,109 | $23,910,509 |
Albina Head Start Inc Portland, OR | $22,611,624 | $19,457,720 |
Orbis Cascade Alliance Portland, OR | $8,013,554 | $17,694,791 |
Albert Einstein Academies San Diego, CA | $21,189,771 | $17,379,077 |
Prospect Sierra School El Cerrito, CA | $31,201,283 | $16,565,547 |
Options Counseling Services Of Oregon Eugene, OR | $12,586,092 | $15,957,358 |
Transitions - Mental Health Association San Luis Obispo, CA | $15,943,493 | $14,891,475 |
International Myeloma Foundation Studio City, CA | $20,383,236 | $17,434,390 |
Open Networking Foundation Palo Alto, CA | $9,261,912 | $16,468,416 |
Sonoma Valley Community Health Center Sonoma, CA | $15,645,180 | $13,937,473 |
After-School All-Stars Los Angeles, CA | $10,011,535 | $13,148,528 |