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 06/2020, Classical Academy Incorporated employed 454 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Classical Academy Incorporated generated $31.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $29.9m during the year ending 06/2020. While expenses have increased by 20.7% per year over the past 5 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
2020
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mark Kalpakgian Chief Business Development Officer | 20 | $135,990 | |
Jalyn Hall Ch Off-Inst Leadrs | 20 | $129,363 | |
Cameron Curry Executive Dir. | OfficerTrustee | 20 | $128,600 |
Corinna Coffey Dir Of Spec Educ | 20 | $123,767 | |
Marcy Cashin Principal | 40 | $111,240 | |
Russell Grant Chief Operations Officer | 20 | $105,655 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $30,947,423 |
All other contributions, gifts, grants, and similar amounts not included above | $59,630 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $31,007,053 |
Total Program Service Revenue | $722,618 |
Investment income | $105,120 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $96,665 |
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 | $31,931,456 |
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. | $610,739 |
Compensation of current officers, directors, key employees. | $610,739 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $15,602,671 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $5,176,380 |
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 | $3,150,657 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1,231,582 |
Travel | $138,674 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $1,505,870 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $691,326 |
Insurance | $227,506 |
All other expenses | $0 |
Total functional expenses | $29,929,296 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,072,446 |
Savings and temporary cash investments | $6,488,742 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $4,262,265 |
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 | $119,088 |
Net Land, buildings, and equipment | $21,757,599 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3,201,972 |
Total assets | $38,902,112 |
Accounts payable and accrued expenses | $4,324,622 |
Grants payable | $0 |
Deferred revenue | $46,957 |
Tax-exempt bond liabilities | $22,863,060 |
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 | $1,687,028 |
Total liabilities | $28,921,667 |
Net assets without donor restrictions | $9,908,038 |
Net assets with donor restrictions | $72,407 |
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 | $38,902,112 |
Organization Name | Assets | Revenue |
---|---|---|
The Nueva School Hillsborough, CA | $225,889,762 | $60,556,880 |
Creative Center Of Los Altos Los Altos, CA | $156,584,269 | $39,953,371 |
Oakwood School North Hollywood, CA | $108,162,934 | $40,023,059 |
Wildwood School Inc Los Angeles, CA | $72,871,372 | $38,489,043 |
Classical Academy Incorporated Escondido, CA | $38,902,112 | $31,931,456 |
Santa Fe Christian Schools Solana Beach, CA | $65,477,628 | $35,353,992 |
Center For Early Education West Hollywood, CA | $164,008,392 | $24,264,031 |
Phoenix Country Day School Paradise Valley, AZ | $66,025,995 | $24,371,173 |
Tarbut Vtorah Community Day School Irvine, CA | $94,179,840 | $19,176,969 |
Paragon Management Surprise, AZ | $66,518,466 | $23,896,365 |
Hamlin School San Francisco, CA | $103,607,750 | $45,779,729 |
Westside Neighborhood School Los Angeles, CA | $22,141,098 | $21,740,812 |