Sierra Educational Advancement Corporation
- Assets
- $2.4m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 67
- Location
- Valencia, CA
- Founding
- 12/2015
- Data as of
- 06/2021
- EIN
- 47-3368777
Organization Overview
Sierra Educational Advancement Corporation is located in Valencia, CA. The organization was established in 2015. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2021, Sierra Educational Advancement Corporation employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sierra Educational Advancement Corporation 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 06/2021, Sierra Educational Advancement Corporation generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 39.6% each year . All expenses for the organization totaled $5.4m during the year ending 06/2021. While expenses have increased by 38.1% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF SIERRA EDUCATIONAL ADVANCEMENT CORPORATION, INC. IS TO PROVIDE A STUDENT-CENTERED, HIGH-QUALITY EDUCATION FOR ALL LEARNERS THROUGH A SAFE, SUPPORTIVE, TRAUMA-INFORMED COMMUNITY WHERE STUDENTS ARE ENCOURAGED TO SELF-ADVOCATE, TAKE CONTROL OF THEIR EDUCATION, AND EXPLORE NEW OPPORTUNITIES AND SKILLS IN THE PURSUIT OF BECOMING CONTRIBUTING MEMBERS OF SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF SIERRA EDUCATIONAL ADVANCEMENT CORPORATION, INC. IS TO PROVIDE A STUDENT-CENTERED, HIGH-QUALITY EDUCATION FOR ALL LEARNERS THROUGH A SAFE, SUPPORTIVE, TRAUMA-INFORMED COMMUNITY WHERE STUDENTS ARE ENCOURAGED TO SELF-ADVOCATE, TAKE CONTROL OF THEIR EDUCATION, AND EXPLORE NEW OPPORTUNITIES AND SKILLS IN THE PURSUIT OF BECOMING CONTRIBUTING MEMBERS OF SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorna Garces Principal | 40 | $127,028 | |
Tanya Prucher Specialist | 40 | $113,856 | |
Randi Golden Teacher | 40 | $113,117 | |
Garrett Ramseyer Teacher | 40 | $108,047 | |
Bailey Houser Program Specialist | 40 | $108,030 | |
Shellie Hanes Area Superintendent | 3 | $13,655 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Llac Dba Sequoia Administrative Resources Administrative Services | 6/29/21 | $268,973 |
Llac Dba Scholastic Education Resources Educational Services | 6/29/21 | $565,314 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,676,757 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,442 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,700,199 |
| Total Program Service Revenue | $0 |
| 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 | $5,700,199 |
| 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. | $33,399 |
| Compensation of current officers, directors, key employees. | $27,207 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,695,484 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $486,281 |
| Payroll taxes | $206,485 |
| Fees for services: Management | $252,166 |
| Fees for services: Legal | $6,753 |
| Fees for services: Accounting | $29,873 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,602 |
| Advertising and promotion | $1,189 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $435,206 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,751 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,931 |
| Insurance | $48,805 |
| All other expenses | $0 |
| Total functional expenses | $5,423,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,525 |
| Savings and temporary cash investments | $26,173 |
| Pledges and grants receivable | $1,340,985 |
| Accounts receivable, net | $793,544 |
| 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 | $17,524 |
| Net Land, buildings, and equipment | $19,066 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $120,139 |
| Total assets | $2,438,956 |
| Accounts payable and accrued expenses | $640,318 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $1,365,829 |
| Other liabilities | $6,449 |
| Total liabilities | $2,012,596 |
| Net assets without donor restrictions | $237,645 |
| Net assets with donor restrictions | $188,715 |
| 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 | $2,438,956 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alder Graduate School Of Education Redwood City, CA | $28,171,479 | $26,265,610 |
Brandman University Irvine, CA | $117,908,819 | $1,094,598 |
Associated Students Of The University Of Ca Santa Barbara Santa Barbara, CA | $8,921,011 | $13,694,895 |
San Francisco Art Institute San Francisco, CA | $51,051,251 | $7,740,556 |
Sierra Educational Advancement Corporation Valencia, CA | $2,438,956 | $5,700,199 |
Bethel School Of Technology Redding, CA | $1,032,039 | $5,145,995 |
Kyiv School Of Economics Oakland, CA | $2,958,400 | $4,507,691 |
Bay Area Educational Institute Berkeley, CA | $4,013,827 | $3,524,642 |
Alliance Jack H Skirball Middle School Los Angeles, CA | $0 | $2,902,385 |
Jpr Foundation Inc Ashland, OR | $13,253,862 | $3,425,593 |
Bring On The Music Inc Santa Monica, CA | $7,874,888 | $1,064,025 |
His University Corona, CA | $1,997,539 | $2,498,930 |