Granada Hills Charter
- Assets
- $124.6m
- Revenue
- $79.1m
- Investments
- $0.0
- Employees
- 576
- Location
- Granada Hills, CA
- Founding
- 12/2010
- Data as of
- 06/2021
- EIN
- 05-0570400
Organization Overview
Granada Hills Charter is located in Granada Hills, CA. The organization was established in 2010. 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, Granada Hills Charter employed 576 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Granada Hills Charter 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, Granada Hills Charter generated $79.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $70.9m during the year ending 06/2021. While expenses have increased by 5.6% 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 A POSITIVE, STUDENT-CENTERED ENVIRONMENT WHERE ALL STUDENTS WILL DEVELOP ACADEMIC AND PRACTICAL SKILLS AND ATTITUDES TO ENABLE THEM TO BE SUCCESSFUL LIFELONG LEARNERS AND CITIZENS IN A DIVERSE SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A CHARTER SCHOOL PROVIDING EDUCATIONAL OPPORTUNITIES TO THE SURROUNDING COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Bauer Executive Dir. | Officer | 40 | $315,113 |
Julia Howelman Administrator | 40 | $174,062 | |
Jennifer Dacosta Administrator | 40 | $158,452 | |
Julie Ralston Teacher | 40 | $155,894 | |
David Bensinger Administrator | 40 | $154,462 | |
Nicholas Weber Administrator | 40 | $147,845 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Daniel Wishard Dba California Creations Building/landscape C | 6/29/21 | $111,633 |
Cw Driver Llc Builder Services | 6/29/21 | $21,945,465 |
Young Minney & Corr Llp Law Services | 6/29/21 | $133,824 |
Class Leasing Leasing | 6/29/21 | $223,814 |
Schoolability Llc Software | 6/29/21 | $126,050 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $76,064,241 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,810,246 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,874,487 |
| Total Program Service Revenue | $0 |
| Investment income | $219,587 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,510 |
| 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 | $79,128,584 |
| 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. | $300,620 |
| Compensation of current officers, directors, key employees. | $300,620 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,616,975 |
| Pension plan accruals and contributions | $7,998,751 |
| Other employee benefits | $6,209,662 |
| Payroll taxes | $961,728 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $259,978 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,653,447 |
| Advertising and promotion | $27,513 |
| Office expenses | $31,613 |
| Information technology | $149,946 |
| Royalties | $0 |
| Occupancy | $1,489,157 |
| Travel | $77,987 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,774,089 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,005,340 |
| Insurance | $563,386 |
| All other expenses | $0 |
| Total functional expenses | $70,928,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,375,578 |
| Savings and temporary cash investments | $13,215,152 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,465,650 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,769 |
| Prepaid expenses and deferred charges | $2,400,060 |
| Net Land, buildings, and equipment | $57,828,292 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,273,836 |
| Total assets | $124,597,337 |
| Accounts payable and accrued expenses | $8,412,148 |
| Grants payable | $0 |
| Deferred revenue | $3,216,344 |
| Tax-exempt bond liabilities | $76,481,943 |
| 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 | $373,779 |
| Total liabilities | $88,484,214 |
| Net assets without donor restrictions | $27,340,862 |
| Net assets with donor restrictions | $8,772,261 |
| 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 | $124,597,337 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Granada Hills Charter has recieved totaling $25,128.
| Awarding Organization | Amount |
|---|---|
Ensign-Bickford Foundation Inc Denver, CO PURPOSE: COMMUNITY ASSISTANCE | $10,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $8,404 |
Distributive Education Clubs Of America Group Return Reston, VA PURPOSE: CHAPTER SUPPORT | $6,724 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rocketship Education Redwood City, CA | $74,871,482 | $120,667,231 |
American Leadership Academy Inc Mesa, AZ | $282,415,478 | $95,654,658 |
Five Keys Schools And Programs San Francisco, CA | $50,545,317 | $97,031,582 |
Inspire Charter Schools Duarte, CA | $15,814,456 | $76,018,441 |
Edkey Inc Mesa, AZ | $135,819,543 | $83,812,049 |
River Springs Charter School Inc Temecula, CA | $93,652,592 | $73,899,584 |
Granada Hills Charter Granada Hills, CA | $124,597,337 | $79,128,584 |
California Online Public Schools San Juan Capistrano, CA | $32,661,705 | $70,303,969 |
Camino Nuevo Charter Academy Los Angeles, CA | $62,441,915 | $60,583,098 |
Gateway Community Charters Mcclellan, CA | $96,780,042 | $72,531,964 |
Visions In Education Carmichael, CA | $94,876,505 | $77,038,173 |
Ofl-Baldwin Park Inc Pasadena, CA | $26,446,895 | $59,505,291 |