Value Schools
- Assets
- $19.7m
- Revenue
- $26.7m
- Investments
- $0.0
- Employees
- 271
- Location
- Los Angles, CA
- Founding
- 03/2002
- Data as of
- 06/2021
- EIN
- 95-4813155
Organization Overview
Value Schools is located in Los Angles, CA. The organization was established in 2002. 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, Value Schools employed 271 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Value 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 06/2021, Value Schools generated $26.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $23.0m during the year ending 06/2021. While expenses have increased by 6.8% 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
VALUE SCHOOLS OPERATES FIVE CHARTER SCHOOLS IN LOW-INCOME NEIGHBORHOODS IN LOS ANGELES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VALUE SCHOOLS OPERATES 2 PUBLIC CHARTER K-8 SCHOOLS AND 2 PUBLIC CHARTER HIGH SCHOOLS IN THE KOREATOWN AND PICO-UNION NEIGHBORHOODS OF LOS ANGELES. IN ADDITION TO ACADEMIC PROGRAMS GEARED TO PREPARING STUDENTS TO SUCCEED IN HIGHER EDUCATION, THE SCHOOLS OFFER ATHLETIC AND OTHER EXTRACURRICULAR ACTIVITIES TO DEVELOP WELL ROUNDED CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Doyle President/ceo | Officer | 40 | $157,547 |
Joaquin Arroyo Principal | 40 | $134,314 | |
Rhonda Hoffarth CFO | Officer | 40 | $130,437 |
Christopher Medinger Principal | 40 | $130,230 | |
Raissa Adolphe Director | 40 | $125,683 | |
Alvin Lamarre Director | 40 | $125,287 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marvin Ordonez Office Cleaning Services | 6/29/20 | $144,483 |
Marvin Ordonez Office Cleaning Services | 6/29/20 | $144,483 |
Lidia Paredes Student Transportation | 6/29/20 | $136,008 |
Lidia Paredes Student Transportation | 6/29/20 | $136,008 |
Marvin Ordonez Office Cleaning Services | 6/29/20 | $144,483 |
Lidia Paredes Student Transportation | 6/29/20 | $136,008 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $239,461 |
| Government grants | $26,412,828 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,613 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,669,902 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $26,722,498 |
| 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. | $348,158 |
| Compensation of current officers, directors, key employees. | $41,779 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,009,573 |
| Pension plan accruals and contributions | $1,822,421 |
| Other employee benefits | $1,472,149 |
| Payroll taxes | $385,361 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,849 |
| Fees for services: Accounting | $50,465 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,633,548 |
| Advertising and promotion | $94,901 |
| Office expenses | $462,871 |
| Information technology | $123,022 |
| Royalties | $0 |
| Occupancy | $3,499,307 |
| Travel | $14,272 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $128,972 |
| Interest | $143 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $220,382 |
| Insurance | $232,302 |
| All other expenses | $44,745 |
| Total functional expenses | $23,021,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,218,256 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,306,430 |
| Accounts receivable, net | $13,313 |
| 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 | $456,777 |
| Net Land, buildings, and equipment | $617,653 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $94,902 |
| Total assets | $19,707,331 |
| Accounts payable and accrued expenses | $592,739 |
| Grants payable | $0 |
| Deferred revenue | $1,162,193 |
| 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 | $2,775,470 |
| Other liabilities | $2,192,722 |
| Total liabilities | $6,723,124 |
| Net assets without donor restrictions | $12,979,038 |
| Net assets with donor restrictions | $5,169 |
| 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 | $19,707,331 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Value Schools has recieved totaling $45,669.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $40,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,669 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lifelong Learning Administration Corporation Lancaster, CA | $25,266,460 | $53,959,766 |
Wonderful College Prep Academy Delano, CA | $24,794,533 | $50,280,007 |
California Virtual Academies At Los Angeles Simi Valley, CA | $29,684,011 | $46,331,896 |
Cabrillo Point Academy Poway, CA | $23,203,988 | $48,389,829 |
Vaughn Next Century Learning Center San Fernando, CA | $201,824,802 | $53,063,832 |
Pacific Coast Academy Poway, CA | $20,772,611 | $44,078,486 |
Birmingham Community Charter High School Van Nuys, CA | $42,319,173 | $47,098,171 |
Education For Change Oakland, CA | $46,722,136 | $44,379,557 |
Mojave River Academy Schools Oro Grande, CA | $19,432,116 | $42,903,299 |
Isana Los Angeles, CA | $25,748,660 | $48,465,580 |
Legacy Traditional Schools - Nevada Inc Chandler, AZ | $98,471,077 | $39,227,732 |
Fenton Charter Public Schools Sun Valley, CA | $39,044,614 | $44,887,355 |