Capital College & Career Academy
- Assets
- $14.2m
- Revenue
- $783.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Sacramento, CA
- Founding
- Data as of
- 06/2023
- EIN
- 84-2143195
Organization Overview
Capital College & Career Academy is located in Sacramento, CA. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Capital College & Career Academy employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital College & Career Academy 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 06/2023, Capital College & Career Academy generated $783.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $912.1k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
START-UP ACTIVITIES FOR OPERATION OF A NEW PUBLIC CHARTER HIGH SCHOOL OPENING FALL 2023.
Describe the Organization's Program Activity:
Part 3 - Line 4a
START-UP ACTIVITIES FOR OPERATION OF A PUBLIC CHARTER HIGH SCHOOL: CAPITAL COLLEGE & CAREER ACADEMY IS A FREE PUBLIC CHARTER HIGH SCHOOL SEEKING TO PROVIDE PATHWAYS INTO BOTH COLLEGE AND CAREERS FOR MOTIVATED LEARNERS LOOKING FOR A HANDS-ON EXPERIENCE. THE SCHOOL OPENED IN FALL 2023.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Murphy President/ceo | OfficerTrustee | 2 | $0 |
Ben Fell Treasurer/cfo | OfficerTrustee | 2 | $0 |
Ken Wenham Secretary | OfficerTrustee | 2 | $0 |
Ian Mcquoid Vice President | OfficerTrustee | 2 | $0 |
Joe Bean Member | OfficerTrustee | 2 | $0 |
John Belperio Member | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $80,803 |
| All other contributions, gifts, grants, and similar amounts not included above | $600,607 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $681,410 |
| Total Program Service Revenue | $0 |
| Investment income | $102,470 |
| 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 | $783,880 |
| 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. | $106,500 |
| Compensation of current officers, directors, key employees. | $106,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $130,943 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,755 |
| Payroll taxes | $22,562 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,533 |
| 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 | $88,850 |
| Advertising and promotion | $109,831 |
| Office expenses | $20,497 |
| Information technology | $4,372 |
| Royalties | $0 |
| Occupancy | $60,363 |
| Travel | $867 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,197 |
| Interest | $274,218 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,566 |
| All other expenses | $43,047 |
| Total functional expenses | $912,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,547 |
| Savings and temporary cash investments | $5,497,463 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $80,803 |
| 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 | $821,105 |
| Net Land, buildings, and equipment | $7,477,201 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,506 |
| Total assets | $14,173,625 |
| Accounts payable and accrued expenses | $42,869 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $13,235,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $670,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,947,869 |
| Net assets without donor restrictions | $225,756 |
| 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 | $14,173,625 |