Synergy Academies
- Assets
- $28.6m
- Revenue
- $25.8m
- Investments
- $0.0
- Employees
- 221
- Location
- Los Angeles, CA
- Founding
- 08/2005
- Data as of
- 06/2023
- EIN
- 20-0672173
Organization Overview
Synergy Academies, operating under the name Synergy Charter Academy Synergy Kinetic Academy & Synergy Quantum Academy, is located in Los Angeles, CA. The organization was established in 2005. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Synergy Charter Academy Synergy Kinetic Academy & Synergy Quantum Academy employed 221 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Synergy Charter Academy Synergy Kinetic Academy & Synergy Quantum Academy 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, Synergy Charter Academy Synergy Kinetic Academy & Synergy Quantum Academy generated $25.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $24.0m during the year ending 06/2023. While expenses have increased by 5.7% 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
WE WORK TOGETHER AS A COMMUNITY TO DISRUPT EDUCATIONAL INEQUITY BY PROVIDING HIGH QUALITY INSTRUCTION, SUPPORTS, AND ACCESS FOR ALL STUDENTS TO EXCEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC CHARTER SCHOOLS SERVICING GRADES TK-5, 6-8, AND 9-12. THE SCHOOLS OFFERED 180 DAYS OF INSTRUCTION AND SERVED APPROXIMATELY 1,290 STUDENTS DURING THE 2022-23 FISCAL YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Epps Chief Achievement Officer | 40 | $168,599 | |
Rhonda Deomampo Chief Executive Officer | Officer | 40 | $170,503 |
Johanna Knight-Briseno Principal, Sqa | 40 | $147,075 | |
Christina Vogel Chief Operating Officer | Officer | 40 | $154,758 |
Christine Bradford Principal, Ska | 40 | $136,582 | |
Sommer Jones Dir Special Ed And Student Services | 40 | $118,026 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
After-school All-stars Los Angeles Afterschool Services | 6/29/23 | $488,422 |
Coverify Health Llc Covid19 Testing | 6/29/23 | $219,890 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $24,886,211 |
| All other contributions, gifts, grants, and similar amounts not included above | $108,331 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,994,542 |
| Total Program Service Revenue | $0 |
| Investment income | $642,165 |
| 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 | $25,797,227 |
| 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. | $385,534 |
| Compensation of current officers, directors, key employees. | $57,830 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,539,308 |
| Pension plan accruals and contributions | $1,885,275 |
| Other employee benefits | $1,410,034 |
| Payroll taxes | $409,837 |
| Fees for services: Management | $173,922 |
| Fees for services: Legal | $21,393 |
| Fees for services: Accounting | $34,771 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,676,664 |
| Advertising and promotion | $0 |
| Office expenses | $207,062 |
| Information technology | $148,827 |
| Royalties | $0 |
| Occupancy | $1,064,646 |
| Travel | $407,618 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,592 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,915 |
| Insurance | $225,809 |
| All other expenses | $0 |
| Total functional expenses | $23,980,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,336,631 |
| Savings and temporary cash investments | $15,844,419 |
| Pledges and grants receivable | $4,936,134 |
| Accounts receivable, net | $7,029 |
| 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 | $761,137 |
| Net Land, buildings, and equipment | $8,158 |
| Investments—publicly traded securities | $2,450,875 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $270,097 |
| Total assets | $28,614,480 |
| Accounts payable and accrued expenses | $2,572,217 |
| Grants payable | $0 |
| Deferred revenue | $3,965,975 |
| 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 | $480,484 |
| Total liabilities | $7,018,676 |
| Net assets without donor restrictions | $21,537,518 |
| Net assets with donor restrictions | $58,286 |
| 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 | $28,614,480 |