Element Education Inc
- Assets
- $11.4m
- Revenue
- $15.5m
- Investments
- $0.0
- Employees
- 189
- Location
- Escondido, CA
- Founding
- 03/2005
- Data as of
- 06/2022
- EIN
- 68-0483126
Organization Overview
Element Education Inc is located in Escondido, CA. The organization was established in 2005. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Element Education Inc employed 189 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Element Education 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 06/2022, Element Education Inc generated $15.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $14.9m during the year ending 06/2022. While expenses have increased by 2.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENABLE STUDENTS TO BECOME COMPETENT CONTRIBUTING MEMBERS OF SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENABLE STUDENTS TO BECOME COMPETENT CONTRIBUTING MEMEBERS OF SOCIETY EQUIPPED WITH READING, WRITING, MATH,TECHNOLOGY, AND PROBLEM SOLVING SKILLS NECESSARY FOR SUCCESS IN A RAPIDLY CHANGING WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri Novacek Executive Di | Officer | 40 | $203,159 |
Douglas Miller Chief Bus Of | Officer | 40 | $189,167 |
Roland Yung School Direc | 40 | $186,902 | |
Anthony Drown School Direc | 40 | $143,490 | |
Paul Johnson Director | 40 | $139,053 | |
Rosella Chlders Vice Preside | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,296,585 |
| All other contributions, gifts, grants, and similar amounts not included above | $151,543 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,448,128 |
| Total Program Service Revenue | $0 |
| Investment income | $20,910 |
| 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 | $15,469,038 |
| 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. | $392,326 |
| Compensation of current officers, directors, key employees. | $78,465 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,007,183 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,513,742 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,397,514 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $110,854 |
| Royalties | $0 |
| Occupancy | $2,273,646 |
| Travel | $5,928 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $79,839 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $201,618 |
| Insurance | $110,722 |
| All other expenses | $0 |
| Total functional expenses | $14,869,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,454,101 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $950,876 |
| 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 | $138,446 |
| Net Land, buildings, and equipment | $4,903,475 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,446,898 |
| Accounts payable and accrued expenses | $874,400 |
| Grants payable | $0 |
| Deferred revenue | $346,239 |
| 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 | $1,783,342 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,003,981 |
| Net assets without donor restrictions | $8,442,917 |
| 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 | $11,446,898 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Element Education Inc has recieved totaling $394.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $394 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Launchpad Development Company Redwood City, CA | $184,902,715 | $19,513,288 |
Alliance For College-Ready Public Schools Facilities Corporation Pasadena, CA | $262,311,538 | $18,102,977 |
Associated Students University Of California Davis Business Office Davis, CA | $7,045,095 | $14,137,728 |
Element Education Inc Escondido, CA | $11,446,898 | $15,469,038 |
University Of California Home Loan Program Corporation Oakland, CA | $809,217,947 | $25,322,221 |
California Charter Schools Association Los Angeles, CA | $32,950,225 | $18,898,883 |
Maker Learning Network Acton, CA | $31,041,626 | $6,882,050 |
Pathways Management Group Inc Pasadena, CA | $27,742,984 | $4,110,742 |
Black Girls Code Inc Oakland, CA | $40,729,664 | $16,892,534 |
Silvies River Charter School Crane, OR | $8,476,358 | $7,552,707 |
Gia Holdings Inc Carlsbad, CA | $23,575,400 | $34,356,749 |
Educational Policy Improvement Center Eugene, OR | $5,312,534 | $5,065,670 |