Capitol Collegiate Inc
- Assets
- $4.3m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 79
- Location
- Sacramento, CA
- Founding
- 01/2011
- Data as of
- 06/2022
- EIN
- 27-1643490
Organization Overview
Capitol Collegiate Inc is located in Sacramento, CA. The organization was established in 2011. 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, Capitol Collegiate Inc employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capitol Collegiate 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 06/2022, Capitol Collegiate Inc generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $6.5m during the year ending 06/2022. While expenses have increased by 13.2% 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 PREPARE STUDENTS TO COMPETE, ACHIEVE AND LEAD IN SCHOOL AND IN LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EDUCATION PHILOSOPHY OF CAPITOL COLLEGIATE ACADEMY IS BASED ON TWO CORE IDEAS: A COHESIVE CULTURE AND A CHALLENGING CURRICULUM. BOTH OF THESE ARE GROUNDED IN THE ABSOLUTE BELIEF THAT ALL STUDENTS, REGARDLESS OF THEIR BACKGROUNDS, HAVE THE RIGHT TO AN EXCELLENT, COLLEGE-PREPARATORY EDUCATION STARTING IN KINDERGARTEN. THE SCHOOL SERVED APPROXIMATELY 400 STUDENTS OVER THE COURSE OF 175 DAYS OF INSTRUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenna Elam Chair | OfficerTrustee | 2 | $0 |
Melissa Colon Member | Trustee | 2 | $0 |
Tyler Deaton Member | Trustee | 2 | $0 |
Penny Schwinn Member | Trustee | 2 | $0 |
Charlie Moynahan Member | Trustee | 2 | $0 |
Chris Konwinski Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cross Country Education Educational Services | 6/29/22 | $106,897 |
The Achievement Network Educational Services | 6/29/22 | $101,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,481,729 |
| 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 | $6,481,729 |
| Total Program Service Revenue | $32,402 |
| 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 | $6,514,131 |
| 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. | $145,000 |
| Compensation of current officers, directors, key employees. | $29,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,660,156 |
| Pension plan accruals and contributions | $709,243 |
| Other employee benefits | $295,462 |
| Payroll taxes | $178,301 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,516 |
| Fees for services: Accounting | $86,467 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $367,776 |
| Advertising and promotion | $31,252 |
| Office expenses | $18,379 |
| Information technology | $19,646 |
| Royalties | $0 |
| Occupancy | $402,522 |
| Travel | $7,927 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,782 |
| Interest | $21,019 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,633 |
| Insurance | $68,747 |
| All other expenses | $0 |
| Total functional expenses | $6,494,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,396,754 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,469,701 |
| 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 | $67,144 |
| Net Land, buildings, and equipment | $386,036 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,319,635 |
| Accounts payable and accrued expenses | $267,074 |
| Grants payable | $0 |
| Deferred revenue | $300,539 |
| 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 | $1,475,933 |
| Other liabilities | $0 |
| Total liabilities | $2,043,546 |
| Net assets without donor restrictions | $2,276,089 |
| 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 | $4,319,635 |