Hightech La
- Assets
- $7.6m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 85
- Location
- Van Nuys, CA
- Founding
- 05/2001
- Data as of
- 06/2022
- 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 06/2022, Hightech LA employed 85 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 06/2022, Hightech LA generated $8.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $8.3m during the year ending 06/2022. While expenses have increased by 10.6% 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
TO PROVIDE COLLEGE PREPARATORY EDUCATION AND TRAINING TO STUDNETS IN THE FIELD OF TECHNOLOGY.
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elliot Ponchick Chair | OfficerTrustee | 2 | $0 |
Ghalib Kassam Treasurer | OfficerTrustee | 2 | $0 |
Adam Siegler Secretary | OfficerTrustee | 2 | $0 |
Andrew D'amico Director | Trustee | 2 | $0 |
Adam Berns Director | Trustee | 2 | $0 |
Kate Ides Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Simplified It Consulting It Infrastructure & Services | 6/29/22 | $389,220 |
Cross Country Education Inc Educational Support | 6/29/22 | $347,816 |
Edtec Inc Business Services | 6/29/22 | $152,024 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,657,463 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,035 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,668,498 |
| Total Program Service Revenue | $89,270 |
| Investment income | $40,472 |
| 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 | $8,808,749 |
| 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. | $141,000 |
| Compensation of current officers, directors, key employees. | $70,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,118,710 |
| Pension plan accruals and contributions | $822,335 |
| Other employee benefits | $752,233 |
| Payroll taxes | $146,674 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,665 |
| Fees for services: Accounting | $189,117 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $785,935 |
| Advertising and promotion | $67,323 |
| Office expenses | $221,021 |
| Information technology | $181,236 |
| Royalties | $0 |
| Occupancy | $458,194 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,827 |
| Interest | $2,690 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,647 |
| Insurance | $109,383 |
| All other expenses | $0 |
| Total functional expenses | $8,271,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,101,190 |
| Savings and temporary cash investments | $468,521 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,321,732 |
| 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 | $123,801 |
| Net Land, buildings, and equipment | $713,643 |
| Investments—publicly traded securities | $628,462 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $289,715 |
| Total assets | $7,647,064 |
| Accounts payable and accrued expenses | $420,420 |
| Grants payable | $0 |
| Deferred revenue | $311,143 |
| 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 | $62,494 |
| Other liabilities | $0 |
| Total liabilities | $794,057 |
| Net assets without donor restrictions | $6,851,767 |
| Net assets with donor restrictions | $1,240 |
| 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 | $7,647,064 |