Highland Academy Charter School
- Assets
- $3.6m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 58
- Location
- Beaumont, CA
- Founding
- 08/2013
- Data as of
- 06/2023
- EIN
- 46-1008232
Organization Overview
Highland Academy Charter School is located in Beaumont, CA. The organization was established in 2013. 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, Highland Academy Charter School employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highland Academy 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 06/2023, Highland Academy Charter School generated $4.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $3.5m during the year ending 06/2023. While expenses have increased by 8.1% 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
TO BUILD CHARACTER, FOSTER SELF-MOTIVATION AND ENHANCE LEADERSHIP ABILITY IN STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACHING CORE SUBJECTS THROUGH TECHNOLOGY, COLLABORATION, CRITICAL THINKING AND CREATIVITY. THE SCHOOL OFFERED 181 DAYS OF INSTRUCTION IN BOTH CLASSROOM AND NON-CLASSROOM BASED SETTINGS AND SERVED OVER 300 STUDENTS IN GRADES K-8.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elissa Lerma President | OfficerTrustee | 0.5 | $0 |
Oswaldo Diaz Board CFO | OfficerTrustee | 0.5 | $0 |
Matthew Neri Board Secretary | OfficerTrustee | 0.5 | $0 |
Dale Taylor Board Member | Trustee | 0.5 | $0 |
Jaclyn Petterson Board Member | Trustee | 0.5 | $0 |
Terrence Lee Chief Bus. Officer | Officer | 40 | $112,318 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,311,501 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,699 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,384,200 |
| Total Program Service Revenue | $7,137 |
| Investment income | $0 |
| 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 | $4,391,337 |
| 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. | $280,334 |
| Compensation of current officers, directors, key employees. | $140,167 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,583,086 |
| Pension plan accruals and contributions | $233,218 |
| Other employee benefits | $120,830 |
| Payroll taxes | $83,421 |
| Fees for services: Management | $174,198 |
| Fees for services: Legal | $35,697 |
| Fees for services: Accounting | $27,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,329 |
| Advertising and promotion | $0 |
| Office expenses | $103,474 |
| Information technology | $76,283 |
| Royalties | $0 |
| Occupancy | $198,598 |
| Travel | $10,317 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,454 |
| Insurance | $25,932 |
| All other expenses | $52,167 |
| Total functional expenses | $3,508,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,861,623 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $550,175 |
| Accounts receivable, net | $0 |
| 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 | $63,481 |
| Net Land, buildings, and equipment | $157,612 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,197 |
| Total assets | $3,636,088 |
| Accounts payable and accrued expenses | $265,453 |
| Grants payable | $0 |
| Deferred revenue | $667,182 |
| 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 | $3,390 |
| Total liabilities | $936,025 |
| Net assets without donor restrictions | $2,700,063 |
| 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 | $3,636,088 |