Propel A Charter Management Group Inc
- Assets
- $5.8m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 22
- Location
- Covina, CA
- Founding
- Data as of
- 06/2022
- EIN
- 83-4258337
Organization Overview
Propel A Charter Management Group Inc is located in Covina, CA. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 06/2022, Propel A Charter Management Group Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Propel A Charter Management Group Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Propel A Charter Management Group Inc generated $5.4m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $3.9m during the year ending 06/2022. 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
PROMOTE SOCIAL WELFARE BY CONDUCTING EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCT EDUCATIONAL PROGRAMS AND OPERATIONS OF ONE OR MORE CALIFORNIA PUBLIC CHARTER SCHOOLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colleen Mullen Executive Dir. | Trustee | 40 | $172,000 |
Kathleen Lento Director | Trustee | 0 | $0 |
Daniel Trejo Director | Trustee | 0 | $0 |
Kay Rosen Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $1,137 |
| 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 | $5,358,058 |
| 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. | $172,000 |
| Compensation to disqualified persons | $1,785,087 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $165,425 |
| Payroll taxes | $138,054 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $92,892 |
| Fees for services: Accounting | $8,438 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,199 |
| Advertising and promotion | $803 |
| Office expenses | $67,478 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $288,192 |
| Travel | $7,115 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,517 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $689 |
| Insurance | $28,923 |
| All other expenses | $0 |
| Total functional expenses | $3,907,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $387,710 |
| Savings and temporary cash investments | $4,302,521 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,011,502 |
| 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 | $19,314 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,595 |
| Total assets | $5,751,248 |
| Accounts payable and accrued expenses | $31,591 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $293,447 |
| Total liabilities | $325,038 |
| Net assets without donor restrictions | $5,426,210 |
| 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 | $5,426,210 |