Ypi Charter Schools Inc
- Assets
- $41.6m
- Revenue
- $17.9m
- Investments
- $0.0
- Employees
- 149
- Location
- Granada Hills, CA
- Founding
- 07/2004
- Data as of
- 06/2023
- EIN
- 20-0407224
Organization Overview
Ypi Charter Schools Inc is located in Granada Hills, CA. The organization was established in 2004. 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, Ypi Charter Schools Inc employed 149 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ypi Charter Schools 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, Ypi Charter Schools Inc generated $17.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $17.9m during the year ending 06/2023. While expenses have increased by 4.9% per year over the past 8 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
PREPARE STUDENTS FOR ACADEMIC SUCCESS IN HIGH SCHOOL, AS WELL AS POST-SECONDARY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EDUCATIONAL SERVICES FOR GRADES 5 THROUGH 12, GRADE STUDENTS WITH THE EMPHASIS ON THE USE OF TECHNOLOGIES. THE SCHOOL SERVED APPROXIMATELY 820 STUDENTS IN THE YEAR ENDED JUNE 30, 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Keipp President | OfficerTrustee | 2 | $0 |
Michael Green Treasurer | OfficerTrustee | 2 | $0 |
Sandra Mendoza Secretary | OfficerTrustee | 2 | $0 |
Dean Cho Member | Trustee | 2 | $0 |
Walter Njboke Member | Trustee | 2 | $0 |
Cesar Lopez Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Law Offices Of Ym&c Llp Legal Services | 6/29/20 | $177,710 |
Directed Specialized Services Sped Services | 6/29/20 | $450,937 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,465,304 |
| All other contributions, gifts, grants, and similar amounts not included above | $420,106 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,885,410 |
| Total Program Service Revenue | $0 |
| Investment income | $1,339 |
| 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 | $17,886,749 |
| 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. | $508,817 |
| Compensation of current officers, directors, key employees. | $508,817 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,458,257 |
| Pension plan accruals and contributions | $939,956 |
| Other employee benefits | $1,176,930 |
| Payroll taxes | $311,745 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,130 |
| Fees for services: Accounting | $36,293 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,096,080 |
| Advertising and promotion | $201,434 |
| Office expenses | $690,180 |
| Information technology | $172,418 |
| Royalties | $0 |
| Occupancy | $1,085,505 |
| Travel | $110,779 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $144,919 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $941,125 |
| Insurance | $155,238 |
| All other expenses | $102,108 |
| Total functional expenses | $17,858,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,057,334 |
| Savings and temporary cash investments | $7,605,278 |
| Pledges and grants receivable | $3,968,631 |
| Accounts receivable, net | $8,103 |
| 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 | $162,388 |
| Net Land, buildings, and equipment | $26,452,435 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,316,139 |
| Total assets | $41,570,308 |
| Accounts payable and accrued expenses | $3,268,170 |
| Grants payable | $0 |
| Deferred revenue | $2,814,473 |
| 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 | $7,111,268 |
| Other liabilities | $2,338,626 |
| Total liabilities | $15,532,537 |
| Net assets without donor restrictions | $25,684,990 |
| Net assets with donor restrictions | $352,781 |
| 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 | $41,570,308 |