Camino Nuevo Charter Academy
- Assets
- $62.4m
- Revenue
- $60.6m
- Investments
- $0.0
- Employees
- 516
- Location
- Los Angeles, CA
- Founding
- 01/2000
- Data as of
- 06/2021
- EIN
- 95-4771789
Organization Overview
Camino Nuevo Charter Academy is located in Los Angeles, CA. The organization was established in 2000. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Camino Nuevo Charter Academy employed 516 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Camino Nuevo Charter 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 06/2021, Camino Nuevo Charter Academy generated $60.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $63.8m during the year ending 06/2021. While expenses have increased by 7.8% 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
OPERATES FOUR K-8 SCHOOLS AND TWO HIGH SCHOOLS AS CHARTER SCHOOLS IN CALIFORNIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARTER SCHOOLS PROVIDING EDUCATIONAL OPPORTUNITIES TO THE SURROUNDING COMMUNITY. FOR THE YEAR ENDED JUNE 30, 2021, CAMINO NUEVO CHARTER ACADEMY SERVED APPROXIMATELY 3,335 STUDENTS IN GRADES K - 12TH GRADE.
CHARTER SCHOOLS PROVIDING EDUCATIONAL OPPORTUNITIES TO THE SURROUNDING COMMUNITY. FOR THE YEAR ENDED JUNE 30, 2021, CAMINO NUEVO CHARTER ACADEMY SERVED APPROXIMATELY 3,335 STUDENTS IN GRADES K - 12TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adriana Abich Chief Executive Officer | Officer | 40 | $192,039 |
Lawrence Boone II Principal - Dal | 40 | $128,495 | |
Charles Miller Principal - Bur | 40 | $119,524 | |
Marisol Conde Principal - Mir | 40 | $110,471 | |
Melissa Mendoza Principal - Cis | 40 | $109,071 | |
Cindy Lee Smet Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cross Country Education Special Education Services Provider | 6/29/21 | $239,591 |
Think Together After School Services Provider | 6/29/21 | $222,623 |
Achieve 3000 Online Class Services | 6/29/21 | $153,775 |
Verizon Wireless Services Llc Internet Hotspot Services | 6/29/21 | $131,544 |
Revolution Foods Inc Food Service Provider | 6/29/21 | $159,176 |
Cross Country Education Special Education Services Provider | 6/29/21 | $239,591 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $59,976,678 |
| All other contributions, gifts, grants, and similar amounts not included above | $267,713 |
| Noncash contributions included in lines 1a–1f | $107,732 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,244,391 |
| Total Program Service Revenue | $0 |
| Investment income | $63,102 |
| 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 | $60,583,098 |
| 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. | $255,388 |
| Compensation of current officers, directors, key employees. | $28,093 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,992,442 |
| Pension plan accruals and contributions | $3,029,007 |
| Other employee benefits | $1,604,220 |
| Payroll taxes | $515,043 |
| Fees for services: Management | $5,628,866 |
| Fees for services: Legal | $93,446 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,457,288 |
| Advertising and promotion | $124,520 |
| Office expenses | $838,929 |
| Information technology | $1,185,019 |
| Royalties | $0 |
| Occupancy | $2,995,514 |
| Travel | $13,988 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $385,721 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,672,845 |
| Insurance | $30,608 |
| All other expenses | $315,527 |
| Total functional expenses | $63,767,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,882,618 |
| Savings and temporary cash investments | $9,995,256 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,072,844 |
| 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 | $305,178 |
| Net Land, buildings, and equipment | $39,997,766 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $188,253 |
| Total assets | $62,441,915 |
| Accounts payable and accrued expenses | $4,619,797 |
| Grants payable | $0 |
| Deferred revenue | $1,423,448 |
| 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 | $10,625,881 |
| Other liabilities | $0 |
| Total liabilities | $16,669,126 |
| Net assets without donor restrictions | $45,772,789 |
| 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 | $62,441,915 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Camino Nuevo Charter Academy has recieved totaling $343,748.
| Awarding Organization | Amount |
|---|---|
New Venture Fund Washington, DC PURPOSE: YOUTH DEVELOPMENT AND EDUCATION | $186,200 |
Great Public Schools Now Los Angeles, CA PURPOSE: SUPPORT FOR CAMINO NUEVO CHARTER ACADEMY DALZELL LANCE CAMPUS PARTNERSHIP WITH POWERMYLEARNING | $125,000 |
Project Lead The Way Inc Indianapolis, IN PURPOSE: Program Implementation | $32,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $48 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rocketship Education Redwood City, CA | $74,871,482 | $120,667,231 |
American Leadership Academy Inc Mesa, AZ | $282,415,478 | $95,654,658 |
Five Keys Schools And Programs San Francisco, CA | $50,545,317 | $97,031,582 |
Inspire Charter Schools Duarte, CA | $15,814,456 | $76,018,441 |
Edkey Inc Mesa, AZ | $135,819,543 | $83,812,049 |
River Springs Charter School Inc Temecula, CA | $93,652,592 | $73,899,584 |
Granada Hills Charter Granada Hills, CA | $124,597,337 | $79,128,584 |
California Online Public Schools San Juan Capistrano, CA | $32,661,705 | $70,303,969 |
Camino Nuevo Charter Academy Los Angeles, CA | $62,441,915 | $60,583,098 |
Gateway Community Charters Mcclellan, CA | $96,780,042 | $72,531,964 |
Visions In Education Carmichael, CA | $94,876,505 | $77,038,173 |
Ofl-Baldwin Park Inc Pasadena, CA | $26,446,895 | $59,505,291 |