Classical Academy Incorporated
- Assets
- $75.7m
- Revenue
- $34.2m
- Investments
- $0.0
- Employees
- 432
- Location
- Escondido, CA
- Founding
- 01/2000
- Data as of
- 06/2021
- EIN
- 33-0857665
Organization Overview
Classical Academy Incorporated is located in Escondido, CA. The organization was established in 2000. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Classical Academy Incorporated employed 432 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Classical Academy Incorporated 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 06/2021, Classical Academy Incorporated generated $34.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $32.3m during the year ending 06/2021. While expenses have increased by 18.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATES: (2) K-8 CHARTER SCHOOLS AND (1) HIGH SCHOOL; OPERATES ONLINE SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLASSICAL ACADEMY, INC OPERATES TWO SEPARATE CHARTER SCHOOL (K-8), ONE HIGH SCHOOL, AND ONE ONLINE SCHOOL. IT ASSISTS PARENTS IN THEIR MISSION TO DEVELOP EXEMPLARY YOUNG CITIZENS WITH SUPERIOR ACADEMIC PROFICIENCY, ANALYTICAL THINKING SKILLS, A PASSION FOR LEARNING AND VIRTUOUS CHARACTER, ALL BUILT UPON A SOLID FOUNDATION OF KNOWLEDGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cameron Curry Chief Exec Ofcr | OfficerTrustee | 20 | $265,950 |
Carmen Coniglio CFO | Officer | 20 | $159,151 |
David Meyer Ch Academic Officr | 20 | $149,455 | |
Mark Kalpakgian Chief Business Development Officer | 20 | $143,340 | |
Jalyn Hall Ch Off-Inst Leadrs | 20 | $142,903 | |
Corinna Coffey Dir Of Spec Educ | 20 | $131,733 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $33,044,373 |
| All other contributions, gifts, grants, and similar amounts not included above | $307,927 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,352,300 |
| Total Program Service Revenue | $683,450 |
| Investment income | $53,392 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $87,875 |
| 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 | $34,177,017 |
| 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. | $1,401,638 |
| Compensation of current officers, directors, key employees. | $1,401,638 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,928,550 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,594,998 |
| Payroll taxes | $0 |
| 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 | $4,332,651 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,465,433 |
| Travel | $62,537 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,757,426 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $617,708 |
| Insurance | $247,390 |
| All other expenses | -$2,149,516 |
| Total functional expenses | $32,295,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,779,058 |
| Savings and temporary cash investments | $10,400,389 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,424,746 |
| 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 | $634,542 |
| Net Land, buildings, and equipment | $48,347,828 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,084,422 |
| Total assets | $75,670,985 |
| Accounts payable and accrued expenses | $3,261,726 |
| Grants payable | $0 |
| Deferred revenue | $982,792 |
| Tax-exempt bond liabilities | $52,134,910 |
| 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 | $7,430,200 |
| Total liabilities | $63,809,628 |
| Net assets without donor restrictions | $11,861,357 |
| 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 | $75,670,985 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Classical Academy Incorporated has recieved totaling $88,129.
| Awarding Organization | Amount |
|---|---|
North County Education Foundation Inc Escondido, CA | | $85,156 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $2,973 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Nueva School Hillsborough, CA | $241,559,050 | $66,364,688 |
Creative Center Of Los Altos Los Altos, CA | $170,822,611 | $50,231,203 |
Oakwood School North Hollywood, CA | $131,214,925 | $40,512,387 |
Wildwood School Inc Los Angeles, CA | $86,448,080 | $38,177,997 |
Classical Academy Incorporated Escondido, CA | $75,670,985 | $34,177,017 |
Paragon Management Surprise, AZ | $64,904,410 | $28,676,995 |
Harbor Day Endowment Corporation Corona del Mar, CA | $29,496,561 | $8,033,762 |
Center For Early Education West Hollywood, CA | $163,132,439 | $27,283,122 |
Santa Fe Christian Schools Solana Beach, CA | $72,145,924 | $27,955,484 |
Phoenix Country Day School Paradise Valley, AZ | $77,907,724 | $28,726,427 |
Tarbut Vtorah Community Day School Irvine, CA | $104,560,863 | $24,620,400 |
Westside Neighborhood School Los Angeles, CA | $23,646,249 | $23,017,600 |