Valley Charter Schools
- Assets
- $5.4m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 122
- Location
- North Hills, CA
- Founding
- 02/2010
- Data as of
- 06/2022
- EIN
- 27-0174003
Organization Overview
Valley Charter Schools is located in North Hills, CA. The organization was established in 2010. 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, Valley Charter Schools employed 122 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Charter 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 06/2022, Valley Charter Schools generated $8.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $7.3m during the year ending 06/2022. While expenses have increased by 7.0% 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
TO OPERATE TWO CALIFORNIA PUBLIC CHARTER SCHOOLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
VALLEY CHARTER ELEMENTARY IS A PUBLIC CHARTER SCHOOL SERVING APPROXIMATELY 265 STUDENTS IN GRADES KINDERGARTEN THROUGH 5TH GRADE, AND VALLEY CHARTER MIDDLE SCHOOL IS A PUBLIC CHARTER SCHOOL SERVING APPROXIMATELY 220 STUDENTS IN GRADES 6TH THROUGH 8TH GRADE FOR THE YEAR ENDED JUNE 30, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Yaffe Executive Director | Officer | 40 | $178,413 |
Brenda Sadeghi Principal, Vcms | 40 | $117,710 | |
Elizabeth Adams Principal, Vces | 40 | $115,903 | |
Angelia Saldivar Secretary | OfficerTrustee | 1 | $0 |
Daniel Chang Chair | OfficerTrustee | 2 | $0 |
Alex Farivar Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arc After School Services | 6/29/22 | $274,946 |
Teachers On Reserve Substitute Teacher Services | 6/29/22 | $117,534 |
Total Education Solutions Inc Special Education Services | 6/29/22 | $207,747 |
Exed Back Office Services | 6/29/22 | $121,201 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,950,052 |
| All other contributions, gifts, grants, and similar amounts not included above | $258,295 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,208,347 |
| Total Program Service Revenue | $0 |
| Investment income | $2,771 |
| 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 | $8,215,535 |
| 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. | $245,045 |
| Compensation of current officers, directors, key employees. | $245,045 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,168,246 |
| Pension plan accruals and contributions | $417,838 |
| Other employee benefits | $350,481 |
| Payroll taxes | $114,152 |
| Fees for services: Management | $47,131 |
| Fees for services: Legal | $144,540 |
| Fees for services: Accounting | $27,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,320,010 |
| Advertising and promotion | $12,532 |
| Office expenses | $94,250 |
| Information technology | $50,849 |
| Royalties | $0 |
| Occupancy | $766,132 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $285 |
| Interest | $1,251 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,311 |
| Insurance | $82,845 |
| All other expenses | $19,389 |
| Total functional expenses | $7,262,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,708,368 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,413,982 |
| 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 | $106,904 |
| Net Land, buildings, and equipment | $140,487 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,866 |
| Total assets | $5,413,607 |
| Accounts payable and accrued expenses | $336,506 |
| Grants payable | $0 |
| Deferred revenue | $715,299 |
| 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 | $1,051,805 |
| Net assets without donor restrictions | $4,361,802 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,413,607 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Valley Charter Schools has recieved totaling $10,913.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $6,180 |
Sempra Energy Foundation San Diego, CA PURPOSE: EDUCATION | $4,000 |
Edwards Lifesciences Foundation Irvine, CA PURPOSE: MATCHING GIFTS GRANT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $233 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnerships To Uplift Communities Los Angeles Burbank, CA | $14,420,401 | $24,912,837 |
Literacy First Charter Schools El Cajon, CA | $29,290,072 | $23,446,904 |
Voices College-Bound Language Academies San Jose, CA | $26,350,864 | $21,078,147 |
Santa Rosa Academy Incorporated Menifee, CA | $46,198,054 | $16,730,823 |
Siatech Inc Oceanside, CA | $9,582,548 | $15,818,647 |
Grow Public Schools Bakersfield, CA | $14,803,093 | $23,549,288 |
Natomas Charter School Sacramento, CA | $32,806,693 | $20,875,289 |
Arizona Community Development Corporation Tucson, AZ | $20,473,547 | $20,902,974 |
Vista Charter Public Schools Los Angeles, CA | $62,725,425 | $20,964,484 |
Roseland Charter School Santa Rosa, CA | $53,872,700 | $25,562,169 |
Ofl William S Hart Inc Pasadena, CA | $11,952,405 | $20,153,084 |
New Designs Charter School Los Angeles, CA | $56,545,069 | $20,507,111 |