Hightech La
- Assets
- $7.8m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 57
- Location
- Van Nuys, CA
- Founding
- 05/2001
- Data as of
- 06/2021
- EIN
- 95-4855824
Organization Overview
Hightech La is located in Van Nuys, CA. The organization was established in 2001. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2021, Hightech LA employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hightech LA 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, Hightech LA generated $7.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $6.3m during the year ending 06/2021. While expenses have increased by 7.4% 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
TO PROVIDE COLLEGE PREPARATORY EDUCATION AND TRAINING TO STUDNETS IN THE FIELD OF TECHNOLOY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF TWO PUBLIC CALIFORNIA CHARTER SCHOOLS IN THE SAN FERNANDO VALLEY: HIGH TECH LA AND HIGH TECH LA MIDDLE. THERE ARE TWO MAJOR GOALS: 1) TO SUCCESSFULLY INTEGRATE TECHNICAL AND ACADEMIC EDUCATION IN A SCHOOL THAT PREPARES STUDENTS FOR POST-SECONDARY EDUCATION AND CAREERS, AND 2) TO INCREASE THE NUMBER OF UNDERREPRESENTED STUDENTS IN MATH AND ENGINEERING WHO SUCCEED IN HIGH SCHOOL AND POST-SECONDARY EDUCATION AND BECOME PRODUCTIVE LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mat Mcclenahan Principal - Htla | Officer | 40 | $146,024 |
Arno Babahekian Teacher | 40 | $115,149 | |
Colleen Molina Assistant Principal | 40 | $111,125 | |
Rachel Garber Miller Principal - Htmla | Officer | 40 | $93,511 |
Elliot Ponchick Chair | OfficerTrustee | 2 | $0 |
Ghalib Kassam Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edtec Inc Business Services | 6/29/20 | $157,390 |
Directed Educational Services Educational Support | 6/29/20 | $104,408 |
Masterbuilt Construction Corp Construction | 6/29/20 | $160,188 |
Masterbuilt Construction Corp Construction | 6/29/20 | $160,188 |
Edtec Inc Business Services | 6/29/20 | $157,390 |
Directed Educational Services Educational Support | 6/29/20 | $104,408 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,086,114 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,086,114 |
| Total Program Service Revenue | $104,483 |
| Investment income | $75,967 |
| 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 | $7,266,564 |
| 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. | $243,752 |
| Compensation of current officers, directors, key employees. | $121,876 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,693,041 |
| Pension plan accruals and contributions | $723,153 |
| Other employee benefits | $706,713 |
| Payroll taxes | $112,544 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,071 |
| Fees for services: Accounting | $168,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $396,723 |
| Advertising and promotion | $11,306 |
| Office expenses | $69,345 |
| Information technology | $88,864 |
| Royalties | $0 |
| Occupancy | $401,729 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,480 |
| Interest | $3,820 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $94,997 |
| Insurance | $89,841 |
| All other expenses | $0 |
| Total functional expenses | $6,282,202 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,485,423 |
| Savings and temporary cash investments | $463,152 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,597,660 |
| 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 | $457,372 |
| Net Land, buildings, and equipment | $796,290 |
| Investments—publicly traded securities | $693,279 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $289,715 |
| Total assets | $7,782,891 |
| Accounts payable and accrued expenses | $102,800 |
| Grants payable | $0 |
| Deferred revenue | $327,024 |
| 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 | $937,496 |
| Other liabilities | $0 |
| Total liabilities | $1,367,320 |
| Net assets without donor restrictions | $6,413,212 |
| Net assets with donor restrictions | $2,359 |
| 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 | $7,782,891 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hightech La has recieved totaling $13,530.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $13,045 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $485 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For The Redesign Of Learning South Pasadena, CA | $15,785,438 | $19,718,110 |
New School For Child Development A Non-Profit Corp Sherman Oaks, CA | $70,855,402 | $24,393,908 |
Mirman School For Gifted Children Los Angeles, CA | $47,520,876 | $18,601,911 |
Accel Phoenix, AZ | $21,659,622 | $16,834,387 |
Ecole Bilingue Berkeley, CA | $33,006,768 | $15,759,391 |
H E L P Group West Sherman Oaks, CA | $26,040,794 | $16,433,872 |
Learning With A Difference Inc Encino, CA | $24,959,978 | $17,556,894 |
Charles Armstrong School Belmont, CA | $29,837,306 | $12,609,845 |
Escuela Popular Del Pueblo San Jose, CA | $34,236,937 | $14,055,995 |
Pediatric Therapy Network Torrance, CA | $0 | $12,859,191 |
Institute For Effective Education San Diego, CA | $31,029,793 | $13,927,303 |
Villa Esperanza Services Pasadena, CA | $33,971,130 | $14,047,530 |