Samueli Academy
- Assets
- $20.1m
- Revenue
- $15.9m
- Investments
- $99.0k
- Employees
- 131
- Location
- Santa Ana, CA
- Founding
- 07/2014
- Data as of
- 06/2023
- EIN
- 45-3866750
Organization Overview
Samueli Academy is located in Santa Ana, CA. The organization was established in 2014. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Samueli Academy employed 131 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Samueli Academy 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 06/2023, Samueli Academy generated $15.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $14.2m during the year ending 06/2023. While expenses have increased by 14.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A PUBLIC CHARTER SCHOOL SERVING STUDENTS IN GRADES 7 TO 12 IN ORANGE COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SAMUELI ACADEMY IS A PUBLIC CHARTER 7-12 GRADE SCHOOL IN SANTA ANA WITH 800 STUDENTS THAT PREPARES YOUTH FOR HIGHER EDUCATION AND A SELF-SUFFICIENT, HEALTH ADULT LIFE. SOME OF THE UNIQUE FEATURES OF THE SCHOOL ARE: AN INDIVIDUALIZED APPROACH TO ACADEMIC INSTRUCTION THAT UTILIZES A STEM AND PROJECT BASED LEARNING CURRICULUM; A 48 BED FOSTER YOUTH RESIDENTIAL PROGRAM; A WIDE ARRAY OF AFTERSCHOOL PROGRAM AND EXTRACURRICULAR ACTIVITIES TO PROVIDE STUDENTS WITH ADDITIONAL ACADEMIC SUPPORT; NUMEROUS ATHLETIC AND ARTS OPPORTUNITIES; AND PARTICIPATION IN CLASSROOM-BASED TRAINING AND REAL-LIFE EXPERIENCES TO PROVIDE YOUTH THE KNOWLEDGE AND TOOLS FOR SUCCESSFUL INDEPENDENT LIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Scheithauer Chair | OfficerTrustee | 1 | $0 |
Liz Dorn Parker Vice Chair/treasurer | OfficerTrustee | 1 | $0 |
Richard Arum Secretary | OfficerTrustee | 1 | $0 |
Sandi Jackson Trustee | Trustee | 1 | $0 |
Susan Samueli Trustee | Trustee | 1 | $0 |
Susan Barua Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Advanced Charging Technologies Solar Project | 6/29/23 | $498,000 |
Revolution Foods Food Service | 6/29/23 | $346,943 |
Iclean Commercial Cleaning Corp Cleaning Services | 6/29/23 | $207,263 |
Specialized Therapy Services Therapy Services | 6/29/23 | $171,127 |
Patrician Events Planning Company Inc Event Planning | 6/29/23 | $108,510 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $554,460 |
| Related organizations | $0 |
| Government grants | $14,115,632 |
| All other contributions, gifts, grants, and similar amounts not included above | $968,048 |
| Noncash contributions included in lines 1a–1f | $59,207 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,638,140 |
| Total Program Service Revenue | $122,864 |
| Investment income | $96,962 |
| 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 | $15,857,966 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $373,044 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,559,135 |
| Pension plan accruals and contributions | $1,210,312 |
| Other employee benefits | $1,571,175 |
| Payroll taxes | $187,373 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $219,397 |
| Advertising and promotion | $8,789 |
| Office expenses | $245,998 |
| Information technology | $299,853 |
| Royalties | $0 |
| Occupancy | $2,479,211 |
| Travel | $136,760 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $68,058 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $376,178 |
| Insurance | $101,307 |
| All other expenses | $0 |
| Total functional expenses | $14,219,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,830,445 |
| Pledges and grants receivable | $963,853 |
| Accounts receivable, net | $788,773 |
| 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 | $328,162 |
| Net Land, buildings, and equipment | $1,359,521 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $99,045 |
| Investments—program-related | $784,000 |
| Intangible assets | $0 |
| Other assets | $8,922,017 |
| Total assets | $20,075,816 |
| Accounts payable and accrued expenses | $953,522 |
| Grants payable | $0 |
| Deferred revenue | $2,525,396 |
| 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 | $9,083,552 |
| Total liabilities | $12,562,470 |
| Net assets without donor restrictions | $7,513,346 |
| 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 | $20,075,816 |