Da Vinci Schools
- Assets
- $29.8m
- Revenue
- $44.2m
- Investments
- $0.0
- Employees
- 300
- Location
- El Segundo, CA
- Founding
- 06/2009
- Data as of
- 06/2023
- EIN
- 26-3405843
Organization Overview
Da Vinci Schools is located in El Segundo, CA. The organization was established in 2009. 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, Da Vinci Schools employed 300 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Da Vinci Schools 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, Da Vinci Schools generated $44.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $39.1m during the year ending 06/2023. While expenses have increased by 12.4% 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
ORGANIZE AND OPERATE CHARTER SCHOOLS IN THE WISEBURN SCHOOL DISTRICT GEOGRAPHIC AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE CHARTER SCHOOLS IN THE WISEBURN SCHOOL DISTRICT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Wunder CEO | 40 | $302,831 | |
Jennifer Hawn Cao | 40 | $242,580 | |
Michael Armato CFO | 40 | $223,759 | |
Vicente Bravo COO | 40 | $214,440 | |
Michelle Rainey Principal | 40 | $175,780 | |
Jo Webber Trustee | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartwells Dining Serices Food Sevice | 6/29/23 | $603,871 |
Charter School Management Financial Services | 6/29/23 | $318,000 |
Asi Networks It Services | 6/29/23 | $436,055 |
Omni Building Services Facility Services | 6/29/23 | $329,715 |
Star Of Ca Llc Special Education | 6/29/23 | $340,479 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $42,747,507 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,317,986 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,065,493 |
| Total Program Service Revenue | $0 |
| Investment income | $182,149 |
| 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 | $44,247,642 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,039,284 |
| Pension plan accruals and contributions | $4,236,728 |
| Other employee benefits | $1,872,794 |
| Payroll taxes | $911,864 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,707 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $351,514 |
| Insurance | $480,994 |
| All other expenses | $294,094 |
| Total functional expenses | $39,137,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,424,237 |
| Pledges and grants receivable | $5,399,860 |
| Accounts receivable, net | $3,037,804 |
| 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 | $450,635 |
| Net Land, buildings, and equipment | $4,012,320 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,465,032 |
| Total assets | $29,789,888 |
| Accounts payable and accrued expenses | $2,434,393 |
| Grants payable | $0 |
| Deferred revenue | $5,333,075 |
| 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 | $3,039,250 |
| Total liabilities | $10,806,718 |
| Net assets without donor restrictions | $17,589,603 |
| Net assets with donor restrictions | $1,393,567 |
| 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 | $29,789,888 |