Mount Alverno High School
- Assets
- $8.4m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 66
- Location
- Sierra Madre, CA
- Founding
- 00/0000
- Data as of
- 06/2021
- EIN
- 95-3331866
Organization Overview
Mount Alverno High School is located in Sierra Madre, CA. The organization was established in 0000. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Mount Alverno High School employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Alverno High 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 06/2021, Mount Alverno High School generated $6.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $7.0m during the year ending 06/2021. While expenses have increased by 8.3% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER EACH STUDENT BY PROVIDING A CATHOLIC EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUITION AND FEE INCOME ENABLE THE SCHOOL TO PROVIDE HIGHER EDUCATIONAND FOSTER LIFE OF RESPONSIBILITY, RESPECT, AND ACCOUNTABILITY IN ANINTERDEPENDENT GLOBAL COMMUNITY FOR APPROXIMATELY 351 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia V Fanara Head Of School | OfficerTrustee | 40 | $177,844 |
Maria Jones Director Of Finance | Officer | 40 | $114,048 |
Joanne D Harabedian Lower School Director | Trustee | 40 | $57,708 |
Kenneth Farfsing President | OfficerTrustee | 1 | $0 |
Richard Enderlin Vice President | OfficerTrustee | 1 | $0 |
Ellen Driscoll Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Courtney Construction Inc Construction | 6/29/20 | $1,532,420 |
Glenn Building Services Facilities Maintenance | 6/29/20 | $139,339 |
Courtney Construction Inc Construction | 6/29/20 | $1,532,420 |
Glenn Building Services Facilities Maintenance | 6/29/20 | $139,339 |
Glenn Building Services Facilities Maintenance | 6/29/20 | $139,339 |
Courtney Construction Inc Construction | 6/29/20 | $1,532,420 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,150 |
| Related organizations | $0 |
| Government grants | $541,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $502,345 |
| Noncash contributions included in lines 1a–1f | $42,444 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,059,495 |
| Total Program Service Revenue | $4,798,358 |
| Investment income | $11,612 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $384,878 |
| Net Gain/Loss on Asset Sales | $33,494 |
| Net Income from Fundraising Events | $223,906 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,547,783 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,180,830 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $486,930 |
| Compensation of current officers, directors, key employees. | $252,664 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,953,646 |
| Pension plan accruals and contributions | $87,168 |
| Other employee benefits | $196,426 |
| Payroll taxes | $258,422 |
| Fees for services: Management | $26,582 |
| Fees for services: Legal | $17,865 |
| Fees for services: Accounting | $20,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,677 |
| Fees for services: Other | $0 |
| Advertising and promotion | $39,502 |
| Office expenses | $105,225 |
| Information technology | $28,781 |
| Royalties | $0 |
| Occupancy | $412,684 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,156 |
| Interest | $366,370 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $480,420 |
| Insurance | $67,786 |
| All other expenses | $0 |
| Total functional expenses | $6,978,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,317,336 |
| Savings and temporary cash investments | $96,973 |
| Pledges and grants receivable | $150,692 |
| Accounts receivable, net | $28,616 |
| 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 | $107,956 |
| Net Land, buildings, and equipment | $5,626,476 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,779 |
| Total assets | $8,352,828 |
| Accounts payable and accrued expenses | $269,541 |
| Grants payable | $0 |
| Deferred revenue | $738,139 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $30,331 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,900,000 |
| Unsecured mortgages and notes payable | $540,766 |
| Other liabilities | $0 |
| Total liabilities | $7,478,777 |
| Net assets without donor restrictions | $769,132 |
| Net assets with donor restrictions | $104,919 |
| 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 | $8,352,828 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Mount Alverno High School has recieved totaling $90,804.
| Awarding Organization | Amount |
|---|---|
George Henry Mayr Foundation Las Vegas, NV PURPOSE: SCHOLARSHIPS | $65,000 |
Patron Saints Foundation Pasadena, CA PURPOSE: SUPPORT FOR MENTAL HEALTH SERVICES | $21,000 |
Farmers And Merchants Bank Foundation Long Beach, CA PURPOSE: SUPPORT | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,304 |
Western Asset Management Company Charitable Foundation Pasadena, CA PURPOSE: EDUCATION | $1,000 |
Endowment Analysis
| Net Contributions | $42,320 |
| Ending Balance | $42,320 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
College Preparatory School Oakland, CA | $86,770,968 | $29,982,508 |
De Toledo High School West Hills, CA | $54,114,350 | $20,796,544 |
Los Angeles Leadership Academy Los Angeles, CA | $13,675,392 | $17,033,455 |
Dunn School Los Olivos, CA | $25,503,734 | $14,255,892 |
Maranatha High School Pasadena, CA | $37,804,147 | $15,687,230 |
Seabury Hall Makawao, HI | $71,634,434 | $12,939,706 |
Audeo Charter School San Diego, CA | $17,592,431 | $17,679,970 |
Cristo Rey San Jose High School San Jose, CA | $35,861,424 | $12,346,734 |
Monte Vista Christian School Inc Watsonville, CA | $36,645,188 | $14,491,760 |
Vistamar School El Segundo, CA | $31,527,433 | $13,947,255 |
Pathways In Education Illinois Pasadena, CA | $13,522,189 | $14,647,243 |
Africa New Life Ministries International Portland, OR | $6,351,157 | $13,013,845 |