Discovery Charter School
- Assets
- $7.8m
- Revenue
- $13.0m
- Investments
- $0.0
- Employees
- 149
- Location
- San Jose, CA
- Founding
- 08/2007
- Data as of
- 06/2022
- EIN
- 37-1509106
Organization Overview
Discovery Charter School is located in San Jose, CA. The organization was established in 2007. 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, Discovery Charter School employed 149 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Discovery Charter School 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, Discovery Charter School generated $13.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $12.4m during the year ending 06/2022. While expenses have increased by 2.3% 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 TWO PUBLIC CHARTER SCHOOLS IN SAN JOSE, CALIFORNIA SERVING STUDENTS IN GRADES TK TO 8.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF TWO PUBLIC CHARTER SCHOOLS SERVING OVER 1,000 STUDENTS IN GRADES TK TO 8. DISCOVERY CHARTER SCHOOLS IS COMMITTED TO: BUILDING AN EDUCATIONAL ENVIRONMENT WHERE DEVELOPING, BUILDING, AND ENGAGING FAMILIES AND COMMUNITIES WILL PROVIDE A COMMON VISION FOR LIFELONG LEARNING AND STUDENT SUCCESS; RESPECTING THE COGNITIVE, EMOTIONAL, SOCIAL, AND PHYSICAL DEVELOPMENT OF EACH CHILD; PARTNERING STAFF, STUDENTS, PARENTS, AND COMMUNITY TO CREATE A UNIQUE, CHALLENGING, AND INDIVIDUALIZED LEARNING ENVIRONMENT WITH HIGH ACADEMIC STANDARDS AND EXPECTATIONS; BUILDING PROGRAMS THAT FOSTER THINKING WHICH IS ORIGINAL, CRITICAL, COLLABORATIVE, AND REFLECTIVE; AND DEVELOPING STUDENTS WHO ARE SELF-MOTIVATED, SELF-DISCIPLINED, AND SOCIALLY RESPONSIBLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ilan Spieler President | OfficerTrustee | 1 | $0 |
Glady Lee Vice President | OfficerTrustee | 1 | $0 |
Chris Foisie Treasurer | OfficerTrustee | 1 | $0 |
Toni Sindelar Secretary | OfficerTrustee | 1 | $0 |
Autumn Talbott Director | Trustee | 1 | $0 |
Barbara Vella Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edtec Business Services | 6/29/22 | $190,397 |
Bird Kern And Dalmia Speech Pathology Speech Therapy | 6/29/22 | $105,875 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $208,232 |
| Related organizations | $0 |
| Government grants | $11,692,474 |
| All other contributions, gifts, grants, and similar amounts not included above | $415,467 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,316,173 |
| Total Program Service Revenue | $725,684 |
| Investment income | $440 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,355 |
| Net Income from Fundraising Events | -$43,117 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,035,753 |
| 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. | $219,962 |
| Compensation of current officers, directors, key employees. | $43,992 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,455,435 |
| Pension plan accruals and contributions | $1,451,295 |
| Other employee benefits | $574,209 |
| Payroll taxes | $294,596 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,983 |
| Fees for services: Accounting | $197,251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $424,154 |
| Advertising and promotion | $34,646 |
| Office expenses | $65,642 |
| Information technology | $59,966 |
| Royalties | $0 |
| Occupancy | $1,804,422 |
| Travel | $5,276 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,730 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,292 |
| Insurance | $337,370 |
| All other expenses | $0 |
| Total functional expenses | $12,405,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,161,647 |
| Savings and temporary cash investments | $3,193,352 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,265,691 |
| 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 | $66,105 |
| Net Land, buildings, and equipment | $72,820 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,759,615 |
| Accounts payable and accrued expenses | $666,959 |
| Grants payable | $0 |
| Deferred revenue | $412,714 |
| 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 | $109,668 |
| Total liabilities | $1,189,341 |
| Net assets without donor restrictions | $6,570,274 |
| 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 | $7,759,615 |