Camino Nuevo Charter Academy
- Assets
- $64.3m
- Revenue
- $54.1m
- Investments
- $0.0
- Employees
- 578
- Location
- Los Angeles, CA
- Founding
- 01/2000
- Data as of
- 06/2022
- 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 06/2022, Camino Nuevo Charter Academy employed 578 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 06/2022, Camino Nuevo Charter Academy generated $54.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $54.5m during the year ending 06/2022. While expenses have increased by 4.3% 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
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, 2022, CAMINO NUEVO CHARTER ACADEMY SERVED APPROXIMATELY 3,067 STUDENTS IN GRADES K - 12TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Lee Smet Chair | OfficerTrustee | 1 | $0 |
Gil Flores Treasurer | OfficerTrustee | 1 | $0 |
David Gidlow Secretary | OfficerTrustee | 1 | $0 |
Elena Lopez Member | Trustee | 1 | $0 |
Celia Alvarado Member | Trustee | 1 | $0 |
Tamara Powers Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cross Country Education Special Education Services Provider | 6/29/22 | $1,180,992 |
Better 4 You Meals Inc Food Service Provider | 6/29/22 | $959,775 |
Think Together Program Management Services | 6/29/22 | $807,656 |
Edgenuity Inc Online Class Services | 6/29/22 | $569,600 |
Scoot Education Inc Staff/special Education Services Provide | 6/29/22 | $800,731 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $94,554 |
| Government grants | $53,574,678 |
| All other contributions, gifts, grants, and similar amounts not included above | $295,892 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,965,124 |
| Total Program Service Revenue | $0 |
| Investment income | $70,620 |
| 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 | $54,137,172 |
| 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. | $268,701 |
| Compensation of current officers, directors, key employees. | $29,557 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,141,945 |
| Pension plan accruals and contributions | $3,943,101 |
| Other employee benefits | $1,948,363 |
| Payroll taxes | $710,759 |
| Fees for services: Management | $5,214,502 |
| Fees for services: Legal | $44,210 |
| Fees for services: Accounting | $4,337 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,111,105 |
| Advertising and promotion | $20,267 |
| Office expenses | $1,518,028 |
| Information technology | $551,328 |
| Royalties | $0 |
| Occupancy | $3,678,177 |
| Travel | $18,611 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $210,583 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,210,340 |
| Insurance | $29,599 |
| All other expenses | $463,353 |
| Total functional expenses | $54,459,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,979,327 |
| Savings and temporary cash investments | $14,959,157 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,215,297 |
| 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 | $264,447 |
| Net Land, buildings, and equipment | $39,675,163 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $178,872 |
| Total assets | $64,272,263 |
| Accounts payable and accrued expenses | $4,493,855 |
| Grants payable | $0 |
| Deferred revenue | $4,090,883 |
| 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 | $10,237,070 |
| Other liabilities | $0 |
| Total liabilities | $18,821,808 |
| Net assets without donor restrictions | $45,201,151 |
| Net assets with donor restrictions | $249,304 |
| 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 | $64,272,263 |