Alliance For College-Ready Public Schools
- Assets
- $0.0
- Revenue
- $10.7m
- Investments
- $0.0
- Employees
- 165
- Location
- Los Angeles, CA
- Founding
- 01/2001
- Data as of
- 12/2019
- EIN
- 95-4779029
Organization Overview
Alliance For College-Ready Public Schools is located in Los Angeles, CA. The organization was established in 2001. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 12/2019, Alliance For College-Ready Public Schools employed 165 individuals. Alliance For College-Ready Public Schools 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 12/2019, Alliance For College-Ready Public Schools generated $10.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (28.2%) each year. All expenses for the organization totaled $14.6m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (21.9%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO OPEN AND TO CREATE A NETWORK OF EXCELLENT SMALL HIGH-PERFORMING 9-12 AND 6-8 PUBLIC SCHOOLS IN HISTORICALLY LOW INCOME COMMUNITIES IN LOS ANGELES THAT WILL SIGNIFICANTLY OUTPERFORM OTHER PUBLIC SCHOOLS IN PREPARING STUDENTS TO ENTER AND SUCCEED IN COLLEGE. ALTHOUGH THE ENTITY HAS BEEN DISSOLVED AS OF 12/31/2019, ALL ACTIVITY FOR THE SCHOOL WILL NOW BE INCLUDED ON ALLIANCE COLLEGE-READY PUBLIC SCHOOLS, FORMERLY KNOWN AS ALLIANCE MARINE - INNOVATION AND TECHNOLOGY 6-12 COMPLEX (EIN: 47-2892698), FORM 990 GOING FORWARD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ALLIANCE FOR COLLEGE-READY PUBLIC SCHOOLS (THE "ALLIANCE") IS A NONPROFIT CHARTER MANAGEMENT ORGANIZATION COMMITTED TO CREATING HIGH-PERFORMING, SMALL, COLLEGE-READY MIDDLE SCHOOLS AND HIGH SCHOOLS IN LOS ANGELES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Andrews Director | Trustee | 1 | $0 |
Alan Arkatov Director | Trustee | 1 | $0 |
Frank Baxter Director | Trustee | 1 | $0 |
Brett Brewer Director | Trustee | 1 | $0 |
Joseph Drake Director & Co-Chair | Trustee | 1 | $0 |
David Fisher Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Irell And Manella Llp Legal | 12/30/19 | $325,000 |
Singerlewak Llp Accounting | 12/30/19 | $210,527 |
Procopio Cory Hargreaves & Savitch Llp Legal | 12/30/19 | $181,222 |
District Group Management Llc Consultant | 12/30/19 | $195,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $39,682 |
| Related organizations | $0 |
| Government grants | $309,132 |
| All other contributions, gifts, grants, and similar amounts not included above | $932,920 |
| Noncash contributions included in lines 1a–1f | $13,064 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,281,734 |
| Total Program Service Revenue | $9,137,949 |
| Investment income | $56,102 |
| 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 | $10,738,936 |
| 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. | $1,372,611 |
| Compensation of current officers, directors, key employees. | $806,278 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,387,032 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,010,394 |
| Payroll taxes | $445,117 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $518,328 |
| Fees for services: Accounting | $8,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,630,848 |
| Advertising and promotion | $44,499 |
| Office expenses | $296,888 |
| Information technology | $269,126 |
| Royalties | $0 |
| Occupancy | $685,094 |
| Travel | $69,223 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,074 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $155,668 |
| Insurance | $69,186 |
| All other expenses | $49,789 |
| Total functional expenses | $14,569,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |