Fenton Charter Public Schools
- Assets
- $43.3m
- Revenue
- $51.8m
- Investments
- $0.0
- Employees
- 470
- Location
- Sun Valley, CA
- Founding
- 02/2009
- Data as of
- 06/2022
- EIN
- 30-0364878
Organization Overview
Fenton Charter Public Schools is located in Sun Valley, 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 06/2022, Fenton Charter Public Schools employed 470 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fenton Charter Public 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, Fenton Charter Public Schools generated $51.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $49.1m during the year ending 06/2022. While expenses have increased by 4.6% 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
OPERATION OF PUBLIC CHARTER SCHOOLS LOCATED IN LOS ANGELES COUNTY, CALIFORNIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF FIVE (5) PUBLIC CHARTER SCHOOLS; ALL OF WHICH ARE AUTHORIZED BY THE LOS ANGELES UNIFIED SCHOOL DISTRICT. THE CHARTER SCHOOLS OFFER A HIGH-QUALITY INNOVATIVE EDUCATION TO ALL STUDENTS IN A SAFE, SECURE, NURTURING ENVIRONMENT WHERE STUDENTS, PARENTS, AND STAFF BECOME A COMMUNITY OF LEARNERS ACHIEVING COLLABORATIVE SUCCESSFUL OUTCOMES. THE ORGANIZATION SERVES OVER 2,900 STUDENTS IN GRADES K TO 6.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Lucente Chair | OfficerTrustee | 1 | $0 |
Walter Wallace Vice Chair | OfficerTrustee | 0.5 | $0 |
Daniel Laughlin Director | Trustee | 0.5 | $0 |
Yvette King-Berg Director | Trustee | 1 | $0 |
Diane Abeyta Director | Trustee | 1 | $0 |
Jed Wallace Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $51,255,894 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,592 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,270,486 |
| Total Program Service Revenue | $397,836 |
| Investment income | $94,935 |
| 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 | $51,763,257 |
| 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. | $365,096 |
| Compensation of current officers, directors, key employees. | $73,019 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,649,565 |
| Pension plan accruals and contributions | $4,916,102 |
| Other employee benefits | $1,480,307 |
| Payroll taxes | $1,101,785 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $101,383 |
| Fees for services: Accounting | $304,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,233,783 |
| Advertising and promotion | $155,938 |
| Office expenses | $464,600 |
| Information technology | $296,793 |
| Royalties | $0 |
| Occupancy | $3,988,129 |
| Travel | $30,853 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $723,298 |
| Insurance | $245,988 |
| All other expenses | $0 |
| Total functional expenses | $49,092,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,793,361 |
| Savings and temporary cash investments | $12,414,836 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,244,566 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $166,625 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,420,832 |
| Net Land, buildings, and equipment | $5,979,805 |
| Investments—publicly traded securities | $3,181,124 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $98,036 |
| Total assets | $43,299,185 |
| Accounts payable and accrued expenses | $4,583,523 |
| Grants payable | $0 |
| Deferred revenue | $6,091,776 |
| 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 | $1,482,287 |
| Total liabilities | $12,157,586 |
| Net assets without donor restrictions | $29,047,609 |
| Net assets with donor restrictions | $2,093,990 |
| 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 | $43,299,185 |