Pacific Charter Institute Inc
- Assets
- $16.0m
- Revenue
- $36.9m
- Investments
- $0.0
- Employees
- 293
- Location
- Sacramento, CA
- Founding
- 11/2006
- Data as of
- 06/2022
- EIN
- 16-1727094
Organization Overview
Pacific Charter Institute Inc is located in Sacramento, CA. The organization was established in 2006. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Pacific Charter Institute Inc employed 293 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacific Charter Institute Inc 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, Pacific Charter Institute Inc generated $36.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $36.2m during the year ending 06/2022. While expenses have increased by 15.0% 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
THE FOUR CHARTER SCHOOLS OFFER AN INDEPENDENT STUDY PROGRAM SERVING OVER 2,900 STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PCI PROVIDED OVER 2,900 STUDENTS WITH A QUALITY INDIVIDUALIZED EDUCATIONAL PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Keefer Executive Director | Officer | 40 | $231,640 |
Heather Marshall Director | Officer | 40 | $166,620 |
Larry Pastore Corporate Accountant | Officer | 32 | $165,134 |
John Mittan Director | Officer | 40 | $153,812 |
Leslie Leedy Director | Officer | 40 | $143,707 |
Scott Stack Director | Officer | 40 | $135,603 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lighthouse Therapy Llc Instructional | 6/29/22 | $163,619 |
Madill Enterprises Inc Custodial Maintenance | 6/29/22 | $224,143 |
Home Tutoring Plus Instructional | 6/29/22 | $117,094 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $36,899,154 |
| 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 | $36,899,154 |
| 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. | $996,516 |
| Compensation of current officers, directors, key employees. | $396,773 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,525,967 |
| Pension plan accruals and contributions | $2,989,485 |
| Other employee benefits | $3,439,489 |
| Payroll taxes | $478,092 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $79,193 |
| Fees for services: Accounting | $27,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $104,281 |
| Office expenses | $1,929,862 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,545,647 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $296,718 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $315,076 |
| All other expenses | $0 |
| Total functional expenses | $36,168,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,197,205 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,391,043 |
| 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 | $387,034 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,975,282 |
| Accounts payable and accrued expenses | $3,125,761 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $3,125,761 |
| Net assets without donor restrictions | $0 |
| 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 | $12,849,521 |
| Total liabilities and net assets/fund balances | $15,975,282 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pacific Charter Institute Inc has recieved totaling $152.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $152 |
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 |