Classical Academy Incorporated
- Assets
- $38.9m
- Revenue
- $31.9m
- Investments
- $0.0
- Employees
- 454
- Location
- Escondido, CA
- Founding
- 01/2000
- Data as of
- 06/2020
- 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 06/2020, 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.
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Board, Officers & Key Employees
| 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 |
Financial Statements
| 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 |
Peer Organizations
| 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 |