Issac Org Inc
- Assets
- $689.2k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 18
- Location
- Costa Mesa, CA
- Founding
- 11/2019
- Data as of
- 06/2021
- EIN
- 83-1619714
Organization Overview
Issac Org Inc, operating under the name Issac Charter School, is located in Costa Mesa, 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 06/2021, Issac Charter School employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Issac 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 06/2021, Issac Charter School generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 26.9% each year . All expenses for the organization totaled $1.4m during the year ending 06/2021. While expenses have increased by 14.1% per year over the past 2 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
TO PURSUE STREAM, TRILINGUALISM AND SOCIAL EMOTIONAL LEARNING
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED A BALANCED APPROACH TO MODERN EDUCATION TO ENSURE THAT STUDENTS EXCEL IN ACADEMICS, LANGUAGE, CULTURAL EXCHANGE, SELF-DEVELOPMENT AND COMMUNITY BUILDING. PROVIDED A TUITION-FREE CHOICE FOR CHILDREN TO LEARN, ACHIEVE AND BE SUPPORTED AS FUTURE LEADERS IN SOCIETY. THE SCHOOL SERVED APPROXIMATELY 157 STUDENTS IN 2020-2021.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Padmini Srinivasan Executive Director | Officer | 40 | $33,194 |
Chiung-Sally Chou President | OfficerTrustee | 2 | $0 |
Emily Maekubo Treasurer | OfficerTrustee | 1 | $0 |
Jad Allam Secretary | OfficerTrustee | 1 | $0 |
Thu Nguyen Member | Trustee | 1 | $0 |
Carmen Basu Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,500,639 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,609 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,531,248 |
| Total Program Service Revenue | $0 |
| Investment income | $324 |
| 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 | $1,531,572 |
| 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. | $81,810 |
| Compensation of current officers, directors, key employees. | $40,905 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $565,990 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,934 |
| Payroll taxes | $49,557 |
| Fees for services: Management | $73,413 |
| Fees for services: Legal | $15,323 |
| Fees for services: Accounting | $14,123 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $120,182 |
| Advertising and promotion | $5,195 |
| Office expenses | $48,450 |
| Information technology | $2,165 |
| Royalties | $0 |
| Occupancy | $113,171 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,325 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,851 |
| Insurance | $18,214 |
| All other expenses | $0 |
| Total functional expenses | $1,357,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,161 |
| Savings and temporary cash investments | $42,369 |
| Pledges and grants receivable | $340,752 |
| Accounts receivable, net | $31,705 |
| 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 | $5,890 |
| Net Land, buildings, and equipment | $68,341 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $689,218 |
| Accounts payable and accrued expenses | $144,486 |
| Grants payable | $0 |
| Deferred revenue | $77,209 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $6,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $379,175 |
| Other liabilities | $0 |
| Total liabilities | $606,870 |
| Net assets without donor restrictions | $63,748 |
| Net assets with donor restrictions | $18,600 |
| 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 | $689,218 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Issac Org Inc has recieved totaling $13,133.
| Awarding Organization | Amount |
|---|---|
Globalgiving Foundation Inc Washington, DC PURPOSE: FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS | $13,133 |
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 |