Lifelong Learning Administration Corporation
- Assets
- $24.3m
- Revenue
- $52.4m
- Investments
- $0.0
- Employees
- 313
- Location
- Lancaster, CA
- Founding
- 08/2017
- Data as of
- 06/2020
- EIN
- 47-5307489
Organization Overview
Lifelong Learning Administration Corporation is located in Lancaster, CA. The organization was established in 2017. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2020, Lifelong Learning Administration Corporation employed 313 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Lifelong Learning Administration Corporation generated $52.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $50.0m during the year ending 06/2020. While expenses have increased by 15.1% per year over the past 4 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
LIFELONG LEARNING ADMINISTRATION CORPORATION'S ("LLAC") MISSION IS TO SOLVE THE DROPOUT EPIDEMIC ACCROSS THE NATION, ONE COMMUNITY AT A TIME. LLAC HELPS SUPPORTED ORGANIZATIONS ELIMINATE THE OBSTACLES THAT GET IN THE WAY OF STUDENT SUCCESS. LLAC WILL CONTINUE TO BE A STRONG, POSITIVE FORCE, PIONEERING THE WAY EDUCATION IS DELIVERED TO STUDENTS WHO NEED IT THE MOST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SUPPORTING ORGANIZATIONS WE SERVE AND PROVIDED CONTRACTED SERVICES FOR HAVE REDUCED ADMINISTRATIVE, EDUCATIONAL AND OTHER SERVICE EXPENSES. THEY ARE ABLE TO INCREASE THE FOCUS ON EDUCATING STUDENTS, SINCE THEY NO LONGER NEED TO PROVIDE SUCH SERVICES INTERNALLY. EMPLOYEES RESPONSIBLE FOR EDUCATING STUDENTS GET SUPPORT WITH THEIR ADMINISTRATIVE FUNCTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Skip Hansen Chief External Officer | 40 | $340,120 | |
Jeff Brown Executive Vice President | 12 | $298,526 | |
Chad Gray Secretary | Officer | 40 | $261,952 |
Peter Faragia CEO | Officer | 40 | $258,625 |
Christopher Hodge Chief Academic Officer | 40 | $233,937 | |
Michelle Lopez VP Legal Counsel | 40 | $215,192 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bill J Thompson Attorney At Law Legal Services | 6/29/20 | $534,233 |
Blank Rome Llp Legal Services | 6/29/20 | $303,535 |
The Lunch Box Catering Company Student Nutrition | 6/29/20 | $308,960 |
Horvitz & Levy Legal Services | 6/29/20 | $160,000 |
Data Design Solutions Hr Services | 6/29/20 | $1,461,048 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $229,432 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $229,432 |
| Total Program Service Revenue | $51,783,118 |
| Investment income | $350,478 |
| 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 | $52,363,028 |
| 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. | $705,493 |
| Compensation of current officers, directors, key employees. | $705,493 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,193,709 |
| Pension plan accruals and contributions | $1,271,679 |
| Other employee benefits | $4,063,937 |
| Payroll taxes | $1,635,262 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,299,762 |
| Fees for services: Accounting | $156,330 |
| Fees for services: Lobbying | $176,547 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,748,431 |
| Advertising and promotion | $421,265 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,508,050 |
| Travel | $1,210,774 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $213,408 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $921,477 |
| Insurance | $238,283 |
| All other expenses | $74,149 |
| Total functional expenses | $49,991,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,165,286 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,988,473 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,310,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $406,603 |
| Net Land, buildings, and equipment | $1,425,616 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,295,978 |
| Accounts payable and accrued expenses | $5,865,128 |
| 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 | $5,122,563 |
| Other liabilities | $1 |
| Total liabilities | $10,987,692 |
| Net assets without donor restrictions | $13,308,286 |
| 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 | $24,295,978 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rocketship Education Redwood City, CA | $56,664,135 | $111,342,099 |
Inspire Charter Schools Duarte, CA | $15,814,456 | $76,018,441 |
American Leadership Academy Inc Mesa, AZ | $281,429,465 | $84,127,187 |
Visions In Education Carmichael, CA | $67,178,198 | $69,848,797 |
River Springs Charter School Inc Temecula, CA | $77,011,976 | $72,352,698 |
California Online Public Schools San Juan Capistrano, CA | $19,348,203 | $66,320,442 |
Camino Nuevo Charter Academy Los Angeles, CA | $62,441,915 | $60,583,098 |
Gateway Community Charters Mcclellan, CA | $85,635,035 | $64,286,798 |
Granada Hills Charter Granada Hills, CA | $44,027,067 | $60,180,891 |
Ofl-Baldwin Park Inc Pasadena, CA | $23,365,367 | $60,552,464 |
Five Keys Schools And Programs San Francisco, CA | $24,787,017 | $57,513,668 |
Edkey Inc Mesa, AZ | $102,870,038 | $53,391,493 |