Mount Alverno High School
- Assets
- $7.6m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 82
- Location
- Sierra Madre, CA
- Founding
- 00/0000
- Data as of
- 06/2022
- 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 06/2022, Mount Alverno High School employed 82 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 06/2022, Mount Alverno High School generated $7.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $7.2m during the year ending 06/2022. While expenses have increased by 7.5% 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 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 370 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia V Fanara Head Of School | OfficerTrustee | 40 | $185,775 |
Joanne D Harabedian Lower School Director | OfficerTrustee | 40 | $122,500 |
Kenneth Farfsing President | OfficerTrustee | 1 | $0 |
Julie Dyer-Lopez Treasurer | OfficerTrustee | 1 | $0 |
Ellen Driscoll Secretary | OfficerTrustee | 1 | $0 |
Patrick Bowler Jr Trustee | Trustee | 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 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $328,012 |
| Related organizations | $0 |
| Government grants | $540,766 |
| All other contributions, gifts, grants, and similar amounts not included above | $443,844 |
| Noncash contributions included in lines 1a–1f | $20,814 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,312,622 |
| Total Program Service Revenue | $5,226,986 |
| Investment income | $388 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $482,655 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$81,607 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,027,371 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,109,645 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $366,649 |
| Compensation of current officers, directors, key employees. | $256,645 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,394,123 |
| Pension plan accruals and contributions | $92,853 |
| Other employee benefits | $160,638 |
| Payroll taxes | $281,371 |
| Fees for services: Management | $21,182 |
| Fees for services: Legal | $7,681 |
| Fees for services: Accounting | $30,712 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $34,789 |
| Office expenses | $118,833 |
| Information technology | $24,659 |
| Royalties | $0 |
| Occupancy | $470,750 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,653 |
| Interest | $254,233 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $339,990 |
| Insurance | $75,157 |
| All other expenses | $0 |
| Total functional expenses | $7,156,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,354,866 |
| Savings and temporary cash investments | $411,138 |
| Pledges and grants receivable | $132,131 |
| Accounts receivable, net | $42,606 |
| 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 | $93,798 |
| Net Land, buildings, and equipment | $5,585,653 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,148 |
| Total assets | $7,642,340 |
| Accounts payable and accrued expenses | $317,626 |
| Grants payable | $0 |
| Deferred revenue | $677,958 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,646 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,897,230 |
| Net assets without donor restrictions | $543,718 |
| Net assets with donor restrictions | $201,392 |
| 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 | $7,642,340 |