Transformational Education Inc
- Assets
- $13.6m
- Revenue
- $16.2m
- Investments
- $0.0
- Employees
- 216
- Location
- Stockton, CA
- Founding
- 04/2012
- Data as of
- 06/2022
- EIN
- 80-0734724
Organization Overview
Transformational Education Inc, operating under the name Team Charter School, is located in Stockton, CA. The organization was established in 2012. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Team Charter School employed 216 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Team Charter School 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, Team Charter School generated $16.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $14.7m during the year ending 06/2022. While expenses have increased by 24.0% 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
LEADER IN ME IS A WHOLE-SCHOOL TRANSFORMATION MODEL AND PROCESS DEVELOPED IN PARTNERSHIP WITH EDUCATORS THAT EMPOWERS STUDENTS WITH THE LEADERSHIP AND LIFE SKILLS THEY NEED TO THRIVE IN THE 21ST CENTURY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATES PUBLIC CHARTER SCHOOLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Vallejo Executive Di | Officer | 40 | $209,230 |
Lt Joshua Doberneck Chairman | OfficerTrustee | 2 | $0 |
Mark Condit Vice Chairma | OfficerTrustee | 2 | $0 |
Mahala Burns Secretary/cl | OfficerTrustee | 2 | $0 |
Tod Hill Treasurer | OfficerTrustee | 2 | $0 |
Sgt Larry Lane Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,975,985 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,201,228 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,177,213 |
| 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 | $16,177,213 |
| 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. | $192,500 |
| Compensation of current officers, directors, key employees. | $192,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,473,895 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,887 |
| 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 | $0 |
| Advertising and promotion | $6,079 |
| Office expenses | $29,364 |
| Information technology | $2,413 |
| Royalties | $0 |
| Occupancy | $2,330,908 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $110 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $371 |
| Insurance | $324,982 |
| All other expenses | $1,288,754 |
| Total functional expenses | $14,744,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,852,095 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $494,555 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,218,950 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $36,320 |
| Net Land, buildings, and equipment | $40,232 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,642,152 |
| Accounts payable and accrued expenses | $1,574,538 |
| Grants payable | $0 |
| Deferred revenue | $533,020 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,107,558 |
| Net assets without donor restrictions | $11,534,594 |
| 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 | $13,642,152 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Transformational Education Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lifelong Learning Administration Corporation Lancaster, CA | $25,266,460 | $53,959,766 |
Wonderful College Prep Academy Delano, CA | $24,794,533 | $50,280,007 |
California Virtual Academies At Los Angeles Simi Valley, CA | $29,684,011 | $46,331,896 |
Cabrillo Point Academy Poway, CA | $23,203,988 | $48,389,829 |
Vaughn Next Century Learning Center San Fernando, CA | $201,824,802 | $53,063,832 |
Pacific Coast Academy Poway, CA | $20,772,611 | $44,078,486 |
Birmingham Community Charter High School Van Nuys, CA | $42,319,173 | $47,098,171 |
Education For Change Oakland, CA | $46,722,136 | $44,379,557 |
Mojave River Academy Schools Oro Grande, CA | $19,432,116 | $42,903,299 |
Isana Los Angeles, CA | $25,748,660 | $48,465,580 |
Legacy Traditional Schools - Nevada Inc Chandler, AZ | $98,471,077 | $39,227,732 |
Fenton Charter Public Schools Sun Valley, CA | $39,044,614 | $44,887,355 |