Ilead Online Charter School
- Assets
- $2.9m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 91
- Location
- Acton, CA
- Founding
- 06/2019
- Data as of
- 06/2022
- EIN
- 82-2233697
Organization Overview
Ilead Online Charter School is located in Acton, CA. The organization was established in 2019. 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, Ilead Online Charter School employed 91 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ilead Online 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, Ilead Online Charter School generated $5.1m in total revenue. All expenses for the organization totaled $4.7m during the year ending 06/2022. While expenses have increased by 92.4% per year over the past 5 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
ILEAD ONLINE PUBLIC SCHOOL OFFERS PROGRAMS FOR K-12 GRADE IN SOUTHERN CALIFORNIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ILEAD ONLINE OFFERS A COMPREHENSIVE SELECTION OF COURSES IN CORE SUBJECT AREAS AS WELL AS A WIDE VARIETY OF ELECTIVES TO AUGMENT YOUR SCHOOL CURRICULUM OR FILL IN GAPS FOR COURSE CREDIT RECOVERY. ILEAD ONLINE OFFERS A VARIETY OF SUPPORT AND LEARNING SCAFFOLDING RESOURCES INCLUDING ONGOING REAL-TIME FACILITATOR SUPPORT TO HELP ENSURE THE SUCCESSFUL COMPLETION OF THE COURSE MATERIALS. DURING THE FISCAL YEAR END JUNE 30, 2022, ILEAD ONLINE SERVED APPROXIMATELY 293 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Pellico Chair | OfficerTrustee | 0.38 | $0 |
Maria Fiore Secretary | OfficerTrustee | 0.38 | $0 |
Shawna Brown Treasurer | OfficerTrustee | 0.38 | $0 |
Erin Jones Director | Officer | 40 | $116,451 |
Katherine Wolfe Course Facilitator | 40 | $106,087 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,071,256 |
| All other contributions, gifts, grants, and similar amounts not included above | $318 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,071,574 |
| Total Program Service Revenue | $965,314 |
| Investment income | $691 |
| 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 | $5,088,893 |
| 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. | $141,101 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,775,636 |
| Pension plan accruals and contributions | $380,693 |
| Other employee benefits | $260,045 |
| Payroll taxes | $72,077 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,923 |
| Fees for services: Accounting | $18,267 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $840,072 |
| Advertising and promotion | $4,750 |
| Office expenses | $1,535 |
| Information technology | $67,022 |
| Royalties | $0 |
| Occupancy | $22,370 |
| Travel | $3,180 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,847 |
| Interest | $1,994 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,995 |
| All other expenses | $6,501 |
| Total functional expenses | $4,719,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,630,592 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,236,605 |
| 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 | $26,335 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,893,532 |
| Accounts payable and accrued expenses | $497,089 |
| Grants payable | $0 |
| Deferred revenue | $398,707 |
| 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 | $895,796 |
| Net assets without donor restrictions | $1,997,736 |
| 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 | $2,893,532 |