Excelencia Academy Inc
- Assets
- $330.4k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 14
- Location
- Los Angeles, CA
- Founding
- 11/2017
- Data as of
- 06/2020
- EIN
- 81-4455278
Organization Overview
Excelencia Academy Inc is located in Los Angeles, 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, Excelencia Academy Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Excelencia Academy 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 06/2020, Excelencia Academy Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 43.7% each year . All expenses for the organization totaled $1.6m during the year ending 06/2020. 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
THROUGH RIGOROUS CURRICULUM, HIGH-QUALITY INSTRUCTION, AND POSITIVE CHARACTER DEVELOPMENT, EXCELENCIA CHARTER ACADEMY PREPARES STUDENTS IN TK-8 FOR ACADEMIC AND PERSONAL EXCELLENCE, LEADING TO SUCCESS IN HIGH SCHOOL, COLLEGE, AND LIFE."
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE A CALIFORNIA PUBLIC CHARTER SCHOOL SERVING STUDENTS IN GRADES TK-8 .
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruben Alonzo Head Of School | Officer | 40 | $96,221 |
Rodolfus Bethea Chair | OfficerTrustee | 2 | $0 |
Jonathan Myers Secretary | OfficerTrustee | 2 | $0 |
Noramay Cadena Vice Chair | OfficerTrustee | 2 | $0 |
Cristina Lowry Treasurer | OfficerTrustee | 2 | $0 |
Ben Mclean Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,420,187 |
| Investment income | $59 |
| 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 | $1,420,246 |
| Statement of Expenses | |
|---|---|
| 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. | $114,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $587,882 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $68,767 |
| Payroll taxes | $56,660 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,531 |
| Fees for services: Accounting | $7,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $329,852 |
| Advertising and promotion | $10,645 |
| Office expenses | $4,771 |
| Information technology | $6,791 |
| Royalties | $0 |
| Occupancy | $89,800 |
| Travel | $3,333 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,750 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,591 |
| Insurance | $15,986 |
| All other expenses | $0 |
| Total functional expenses | $1,558,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,028 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $246,018 |
| 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 | $2,271 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $330,435 |
| Accounts payable and accrued expenses | $171,075 |
| 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 | $187,498 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $358,573 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$28,138 |