Pacific Charter Institute Inc
- Assets
- $22.6m
- Revenue
- $46.7m
- Investments
- $0.0
- Employees
- 343
- Location
- Sacramento, CA
- Founding
- 11/2006
- Data as of
- 06/2023
- 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 06/2023, Pacific Charter Institute Inc employed 343 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 06/2023, Pacific Charter Institute Inc generated $46.7m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $40.7m during the year ending 06/2023. While expenses have increased by 7.9% per year over the past 3 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOUR CHARTER SCHOOLS OFFER AN INDEPENDENT STUDY PROGRAM AND ONE CHARTER SCHOOL OFFER CLASSROOM-BASED INSTRUCTION SERVING A COMBINED TOTAL OF OVER 3,100 STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PCI PROVIDED OVER 3,100 STUDENTS WITH A QUALITY INDIVIDUALIZED EDUCATIONAL PROGRAM.
PCI PROVIDED OVER 3,100 STUDENTS WITH A QUALITY INDIVIDUALIZED EDUCATIONAL PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rex Fortune President | 0 | $0 | |
Judy Miller Vice President | Trustee | 0 | $0 |
Jean-Paul Prentice Secretary | Trustee | 0 | $0 |
Joshua Modlin Treasurer | Trustee | 0 | $0 |
John Brennan Member | Trustee | 0 | $0 |
Alpana Carey Member | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Madill Enterprises Inc Custodial Maintenance | 6/29/23 | $240,559 |
Lighthouse Therapy Llc Instructional | 6/29/23 | $272,447 |
Powerschool Group Llc Student Information System | 6/29/23 | $164,124 |
Adair General Construction Tenant Improvements | 6/29/23 | $189,682 |
Edmentum Instructional | 6/29/23 | $146,129 |
Lighthouse Therapy Llc Instructional | 6/29/23 | $272,447 |
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 | $46,734,825 |
| 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 | $46,734,825 |
| 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. | $1,442,621 |
| Compensation of current officers, directors, key employees. | $712,914 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,913,665 |
| Pension plan accruals and contributions | $3,703,255 |
| Other employee benefits | $3,732,516 |
| Payroll taxes | $537,030 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $108,002 |
| Fees for services: Accounting | $50,214 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $200,922 |
| Office expenses | $2,248,110 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,831,036 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $316,027 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $327,783 |
| All other expenses | $0 |
| Total functional expenses | $40,708,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,645,645 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,372,859 |
| 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 | $587,470 |
| 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 | $22,605,974 |
| Accounts payable and accrued expenses | $4,371,693 |
| 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 | $4,371,693 |
| 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 | $18,234,281 |
| Total liabilities and net assets/fund balances | $22,605,974 |