Core Butte Inc
- Assets
- $17.3m
- Revenue
- $11.9m
- Investments
- $0.0
- Employees
- 112
- Location
- Chico, CA
- Founding
- 04/2013
- Data as of
- 06/2021
- EIN
- 51-0632611
Organization Overview
Core Butte Inc is located in Chico, 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 06/2021, Core Butte Inc employed 112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Core Butte Inc 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, Core Butte Inc generated $11.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $10.0m during the year ending 06/2021. While expenses have increased by 8.1% 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
OPERATION OF A PUBLIC CHARTER SCHOOL SERVING K-12 STUDENTS THROUGH PERSONALIZED LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A CALIFORNIA PUBLIC CHARTER SCHOOL WITH THE MOTTO "PERSONALIZED EDUCATION FOR STUDENT SUCCESS". CORE BUTTE OFFERS AN ALTERNATIVE HOMESCHOOL EDUCATION MODEL THAT REQUIRES ONE-ONE-ONE PARENT PARTICIPATION. EDUCATIONAL PROGRAMS INCLUDE K-8 HOME STUDY AND CORE BUTTE HIGH SCHOOL (CBHS) WITH SUPPORT CLASSES FOR PERSONALIZED LEARNING OFFERED AT SITES IN CHICO, CALIFORNIA.
A CALIFORNIA PUBLIC CHARTER SCHOOL WITH THE MOTTO "PERSONALIZED EDUCATION FOR STUDENT SUCCESS". CORE BUTTE OFFERS AN ALTERNATIVE HOMESCHOOL EDUCATION MODEL THAT REQUIRES ONE-ONE-ONE PARENT PARTICIPATION. EDUCATIONAL PROGRAMS INCLUDE K-8 HOME STUDY AND CORE BUTTE HIGH SCHOOL (CBHS) WITH SUPPORT CLASSES FOR PERSONALIZED LEARNING OFFERED AT SITES IN CHICO, CALIFORNIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Cox Executive Director | Officer | 40 | $176,906 |
Matthew Harvey School Director | 40 | $120,676 | |
Jenna Springer Chief Business Officer | Officer | 40 | $43,145 |
Vivian Ann Lopez Appleby President | OfficerTrustee | 1 | $1,100 |
Kelly Holliday Trustee | Trustee | 1 | $1,100 |
Jonelle Pena Trustee | Trustee | 1 | $318 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Neighborhood Church Rents | 6/29/21 | $331,168 |
Servpro Of Douglas County Fire And Water Restoration Services | 6/29/21 | $102,851 |
Neighborhood Church Rents | 6/29/21 | $331,168 |
Servpro Of Douglas County Fire And Water Restoration Services | 6/29/21 | $102,851 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,631,278 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,365 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,635,643 |
| Total Program Service Revenue | $263,565 |
| Investment income | $22,924 |
| 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 | $11,922,132 |
| 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. | $277,213 |
| Compensation of current officers, directors, key employees. | $277,213 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,942,927 |
| Pension plan accruals and contributions | $1,200,243 |
| Other employee benefits | $1,067,033 |
| Payroll taxes | $213,058 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $70,889 |
| Fees for services: Accounting | $12,495 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $555,024 |
| Advertising and promotion | $0 |
| Office expenses | $46,875 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $463,494 |
| Travel | $9,963 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $379,135 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $308,147 |
| Insurance | $122,325 |
| All other expenses | $0 |
| Total functional expenses | $9,964,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,072 |
| Savings and temporary cash investments | $3,969,588 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,051,133 |
| 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 | $621,498 |
| Net Land, buildings, and equipment | $7,827,963 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,674,452 |
| Total assets | $17,281,706 |
| Accounts payable and accrued expenses | $1,295,436 |
| Grants payable | $0 |
| Deferred revenue | $317,357 |
| Tax-exempt bond liabilities | $6,600,000 |
| 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 | $500,000 |
| Other liabilities | $2,740,826 |
| Total liabilities | $11,453,619 |
| Net assets without donor restrictions | $5,729,493 |
| Net assets with donor restrictions | $98,594 |
| 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 | $17,281,706 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Core Butte Inc has recieved totaling $422.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $422 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnerships To Uplift Communities Los Angeles Burbank, CA | $14,420,401 | $24,912,837 |
Literacy First Charter Schools El Cajon, CA | $29,290,072 | $23,446,904 |
Voices College-Bound Language Academies San Jose, CA | $26,350,864 | $21,078,147 |
Santa Rosa Academy Incorporated Menifee, CA | $46,198,054 | $16,730,823 |
Siatech Inc Oceanside, CA | $9,582,548 | $15,818,647 |
Grow Public Schools Bakersfield, CA | $14,803,093 | $23,549,288 |
Natomas Charter School Sacramento, CA | $32,806,693 | $20,875,289 |
Arizona Community Development Corporation Tucson, AZ | $20,473,547 | $20,902,974 |
Vista Charter Public Schools Los Angeles, CA | $62,725,425 | $20,964,484 |
Roseland Charter School Santa Rosa, CA | $53,872,700 | $25,562,169 |
Ofl William S Hart Inc Pasadena, CA | $11,952,405 | $20,153,084 |
New Designs Charter School Los Angeles, CA | $56,545,069 | $20,507,111 |