Inspire Charter Schools
- Assets
- $15.8m
- Revenue
- $76.0m
- Investments
- $0.0
- Employees
- 211
- Location
- Duarte, CA
- Founding
- 08/2014
- Data as of
- 06/2017
- EIN
- 46-4743375
Organization Overview
Inspire Charter Schools is located in Duarte, 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 06/2017, Inspire Charter Schools employed 211 individuals. Inspire Charter Schools 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 06/2017, Inspire Charter Schools generated $76.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 52.5% each year . All expenses for the organization totaled $88.1m during the year ending 06/2017. While expenses have increased by 51.7% per year over the past 3 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A HIGH STANDARD OF EDUCATION TO STUDENTS THROUGH COMPREHENSIVE CURRICULUM SUPPORTED BY ENERGETIC, DYNAMIC, AND CARING TEACHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A VIRTUAL CURRICULUM MODEL THAT EMPHASIZES MEETING INDIVIDUAL STUDENTS' NEEDS FOR MEETING THE CALIFORNIA COMMON CORE STATE STANDARDS FOR THEIR GRADE LEVEL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Herbert Taylor Nichols III CEO | Officer | 40 | $514,197 |
Kimmi Buzzard Trustee | Trustee | 40 | $225,583 |
Cristino Alcala Trustee | Trustee | 40 | $165,799 |
Krystin Demofonte Director | Trustee | 40 | $164,001 |
Maria Kirkbride Trustee | Trustee | 40 | $158,456 |
Darryl Collins Trustee | Trustee | 40 | $149,299 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thrive Homeschool Program Curriculum | 6/29/17 | $104,965 |
California Impact Academy Curriculum | 6/29/17 | $287,700 |
School Pathways Software | 6/29/17 | $259,216 |
Explorer Field Trips Student Activities | 6/29/17 | $122,478 |
California Impact Academy Curriculum | 6/29/17 | $250,265 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,012,709 |
| Investment income | $5,732 |
| 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 | $76,018,441 |
| Statement of Expenses | |
|---|---|
| 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. | $2,011,898 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,616,948 |
| Pension plan accruals and contributions | $3,506,583 |
| Other employee benefits | $4,301,324 |
| Payroll taxes | $1,075,403 |
| Fees for services: Management | $1,351,806 |
| Fees for services: Legal | $187,598 |
| Fees for services: Accounting | $26,473 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,597,540 |
| Advertising and promotion | $113,564 |
| Office expenses | $544,924 |
| Information technology | $226,841 |
| Royalties | $0 |
| Occupancy | $979,816 |
| Travel | $426,738 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $420,211 |
| Interest | $5,122,591 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,059 |
| Insurance | $143,118 |
| All other expenses | $0 |
| Total functional expenses | $88,098,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,535,929 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,651,770 |
| 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 | $225,822 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $86,524 |
| Total assets | $15,814,456 |
| Accounts payable and accrued expenses | $6,126,594 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $27,598,422 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $33,725,016 |
| Net assets without donor restrictions | -$17,931,825 |
| Net assets with donor restrictions | $21,265 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$17,910,560 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Inspire Charter Schools has recieved totaling $6,994.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6,994 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance College-Ready Public Schools Pasadena, CA | $359,823,324 | $218,694,003 |
Green Dot Public Schools Los Angeles, CA | $273,836,453 | $189,732,727 |
Kipp Socal Public Schools Los Angeles, CA | $124,148,972 | $140,910,132 |
Rocketship Education Redwood City, CA | $74,871,482 | $120,667,231 |
American Leadership Academy Inc Mesa, AZ | $282,415,478 | $95,654,658 |
Five Keys Schools And Programs San Francisco, CA | $50,545,317 | $97,031,582 |
Inspire Charter Schools Duarte, CA | $15,814,456 | $76,018,441 |
Edkey Inc Mesa, AZ | $135,819,543 | $83,812,049 |
River Springs Charter School Inc Temecula, CA | $93,652,592 | $73,899,584 |
Granada Hills Charter Granada Hills, CA | $124,597,337 | $79,128,584 |
California Online Public Schools San Juan Capistrano, CA | $32,661,705 | $70,303,969 |
Camino Nuevo Charter Academy Los Angeles, CA | $62,441,915 | $60,583,098 |