Discovery Charter Prep School
- Assets
- $2.7m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 38
- Location
- Sylmar, CA
- Founding
- 12/2001
- Data as of
- 06/2022
- EIN
- 06-1629227
Organization Overview
Discovery Charter Prep School is located in Sylmar, CA. The organization was established in 2001. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Discovery Charter Prep School employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Discovery Charter Prep School 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, Discovery Charter Prep School generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $4.0m during the year ending 06/2022. 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 ITS STUDENTS WITH THE NECESSARY SKILLS AND SUPPORT SO THAT EVERY STUDENT IS PREPARED TO ATTEND COLLEGE UPON GRADUATION FROM HIGH SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A CHARTER SCHOOL PROVIDING EDUCATIONAL OPPORTUNITIES TO THE SURROUNDING COMMUNITY. DURING THE YEAR THE SCHOOL SERVED ABOUT 190 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Smith Principal | Officer | 40 | $115,000 |
Jas Dillon Resigned 1121 Treasurer | OfficerTrustee | 2 | $0 |
Estella Miranda As Of 1121 Treasurer | OfficerTrustee | 2 | $0 |
Julian Almaraz President | OfficerTrustee | 2 | $0 |
Dr Monty Perez Resigned 422 Member | Trustee | 2 | $0 |
Nicole Albo-Lopez Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
School Nutrition Plus Inc Food Services | 6/29/20 | $129,898 |
Specialized Educational Services Llc Special Education | 6/29/20 | $112,718 |
School Nutrition Plus Inc Food Services | 6/29/20 | $129,898 |
Specialized Educational Services Llc Special Education | 6/29/20 | $112,718 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,888,717 |
| All other contributions, gifts, grants, and similar amounts not included above | $156,572 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,045,289 |
| Total Program Service Revenue | $0 |
| Investment income | $44,266 |
| 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 | $3,089,555 |
| 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. | $115,000 |
| Compensation of current officers, directors, key employees. | $17,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,552,457 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $223,708 |
| Payroll taxes | $138,848 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,982 |
| Fees for services: Accounting | $52,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $569,539 |
| Advertising and promotion | $33,480 |
| Office expenses | $11,076 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $693,721 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,336 |
| Insurance | $41,178 |
| All other expenses | $0 |
| Total functional expenses | $4,005,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,885,186 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $405,304 |
| 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 | $19,063 |
| Net Land, buildings, and equipment | $429,968 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,739,521 |
| Accounts payable and accrued expenses | $433,607 |
| Grants payable | $0 |
| Deferred revenue | $347,125 |
| 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 | $230,306 |
| Total liabilities | $1,011,038 |
| Net assets without donor restrictions | $1,728,483 |
| 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 | $2,739,521 |
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