The O Farrell Charter Schools
- Assets
- $36.7m
- Revenue
- $26.8m
- Investments
- $0.0
- Employees
- 334
- Location
- San Diego, CA
- Founding
- 04/2011
- Data as of
- 06/2022
- EIN
- 27-2141651
Organization Overview
The O Farrell Charter Schools is located in San Diego, 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, O Farrell Charter Schools employed 334 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. O Farrell 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, O Farrell Charter Schools generated $26.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $25.0m during the year ending 06/2022. While expenses have increased by 10.1% 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
THE O'FARRELL CHARTER SCHOOLS IS A COMMUNITY-ORIENTED INSTITUTION DEDICATED TO HIGH ACADEMIC STANDARDS, ENSURING EMOTIONAL AND SOCIAL GROWTH, AND MAINTAINING A SAFE AND SECURE LEARNING ENVIRONMENT FOR ALL ITS STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
K-12 PUBLIC EDUCATION, CLASSROOM BASED CHARTER SCHOOL. INGENUITY CHARTER SCHOOL IS A COMMUNITY-ORIENTED INDEPENDENT STUDY PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Cuttitta Director | 40 | $220,568 | |
Jill Andersen Director | OfficerTrustee | 40 | $155,180 |
Brian Rainey Director | Trustee | 40 | $144,880 |
Anne Mathews Director | Trustee | 40 | $151,517 |
John Lee Director | Trustee | 40 | $135,744 |
Jonathan Dean Former Director | 40 | $146,638 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,492,622 |
| All other contributions, gifts, grants, and similar amounts not included above | $157,754 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,650,376 |
| Total Program Service Revenue | $0 |
| Investment income | $109,574 |
| 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 | $26,759,950 |
| 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. | $690,988 |
| Compensation of current officers, directors, key employees. | $103,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,374,720 |
| Pension plan accruals and contributions | $2,547,759 |
| Other employee benefits | $1,538,546 |
| Payroll taxes | $551,237 |
| Fees for services: Management | $189,764 |
| Fees for services: Legal | $60,087 |
| Fees for services: Accounting | $19,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,040,594 |
| Advertising and promotion | $74,096 |
| Office expenses | $1,223,852 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $89,574 |
| Travel | $14,315 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $85,097 |
| Interest | $24,965 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $420,080 |
| Insurance | $105,924 |
| All other expenses | $0 |
| Total functional expenses | $25,044,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,936,787 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,546,157 |
| 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 | $480,619 |
| Net Land, buildings, and equipment | $5,769,321 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,367 |
| Total assets | $36,739,251 |
| Accounts payable and accrued expenses | $1,606,808 |
| Grants payable | $0 |
| Deferred revenue | $1,923,753 |
| 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 | $1 |
| Total liabilities | $3,530,562 |
| Net assets without donor restrictions | $33,141,893 |
| Net assets with donor restrictions | $66,796 |
| 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 | $36,739,251 |