Portola Magnet Program For Academic Excellence
- Assets
- $232.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tarzana, CA
- Founding
- 06/1989
- Data as of
- 06/2024
- EIN
- 95-4207868
Organization Overview
Portola Magnet Program For Academic Excellence is located in Tarzana, CA. The organization was established in 1989. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portola Magnet Program For Academic Excellence 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 06/2024, Portola Magnet Program For Academic Excellence generated $103.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $62.8k during the year ending 06/2024. While expenses have increased by 2.6% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
COORDINATE AND FUND AFTERSCHOOL ENRICHMENT CLASSES, PURCHASED TEXTBOOKS AND SUPPLEMENTARY CLASSROOM MATERIALS, AND PROVIDED FUNDING FOR FIELD TRIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jocelyn Kim President | 10 | $0 | |
Nina Ngo Vice President | 10 | $0 | |
Xiaoli Qiu Co-Treasurer | 10 | $0 | |
Nishant Shah Co-Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,543 |
| Total Program Service Revenue | $1,564 |
| Membership dues | $0 |
| Investment income | $4,143 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $103,328 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $60,824 |
| Total expenses | $62,824 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $232,140 |
| Other assets | $0 |
| Total assets | $232,140 |
| Total liabilities | $0 |
| Net assets or fund balances | $232,140 |