Literacy First Charter Schools
- Assets
- $34.2m
- Revenue
- $25.5m
- Investments
- $0.0
- Employees
- 277
- Location
- El Cajon, CA
- Founding
- 04/2005
- Data as of
- 06/2022
- EIN
- 91-2145223
Organization Overview
Literacy First Charter Schools is located in El Cajon, CA. The organization was established in 2005. 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, Literacy First Charter Schools employed 277 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literacy First Charter Schools 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, Literacy First Charter Schools generated $25.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $22.8m during the year ending 06/2022. While expenses have increased by 8.0% per year over the past 7 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
OPERATION OF A PUBLIC CHARTER SCHOOL SERVING STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PUBLIC CHARTER SCHOOL SERVING STUDENTS IN GRADES K TO 12: LITERACY FIRST VIEWS EDUCATION AS A PROCESS, NOT A PRODUCT, WHICH ENABLES STUDENTS TO GO FROM LEARNING TO READ, TO READING TO LEARN. LFCS DESIRES TO SHAPE LITERATE, LIFE-LONG LEARNERS, INDEPENDENT THINKERS, TECHNOLOGICALLY LITERATE CITIZENS, ENTHUSIASTIC AND HIGHLY QUALIFIED TEACHERS, RELIABLE ASSESSMENTS THAT PROVIDE STUDENTS A PRODUCTIVE EDUCATIONAL EXPERIENCE, ASPIRING LEADERS WHO POSITIVELY IMPACT THEIR COMMUNITY, COMMUNITY THAT UNDERSTANDS AND SUPPORTS THE MISSION OF LFCS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Priscilla Schreiber President | OfficerTrustee | 2 | $0 |
Lucy Razooky Secretary | OfficerTrustee | 2 | $0 |
Katina Evans Trustee | Trustee | 1 | $0 |
Jason Lewis Trustee | Trustee | 1 | $0 |
Debbie Beyer Executive Director | Officer | 40 | $213,642 |
Steve Robinson Financial Officer | Officer | 40 | $170,034 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
St Michaels Chaldean Church Rents | 6/29/22 | $306,737 |
Harley Ellis Devereaux Architecture | 6/29/22 | $280,695 |
Resilient Roofing Roofing | 6/29/22 | $168,082 |
Specialized Therapy Services Inc Therapy Services | 6/29/22 | $145,059 |
San Diego Applied Behavior Analysis Therapy Services | 6/29/22 | $120,431 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $75,000 |
| Related organizations | $0 |
| Government grants | $24,632,532 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,707,532 |
| Total Program Service Revenue | $404,385 |
| Investment income | $44,498 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $215,943 |
| Net Gain/Loss on Asset Sales | -$50,187 |
| Net Income from Fundraising Events | -$64,245 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,457,926 |
| 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. | $364,811 |
| Compensation of current officers, directors, key employees. | $170,569 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,612,464 |
| Pension plan accruals and contributions | $2,966,659 |
| Other employee benefits | $1,137,153 |
| Payroll taxes | $623,895 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $115,939 |
| Fees for services: Accounting | $16,955 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,154,227 |
| Advertising and promotion | $57,068 |
| Office expenses | $638,301 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,585,543 |
| Travel | $43,229 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,307 |
| Interest | $342,685 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $591,890 |
| Insurance | $193,623 |
| All other expenses | $0 |
| Total functional expenses | $22,799,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,050 |
| Savings and temporary cash investments | $12,205,311 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,822,983 |
| 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 | $1,142,177 |
| Net Land, buildings, and equipment | $18,947,864 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,000 |
| Total assets | $34,229,385 |
| Accounts payable and accrued expenses | $2,497,171 |
| Grants payable | $0 |
| Deferred revenue | $1,815,541 |
| Tax-exempt bond liabilities | $7,450,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,641,666 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,256,746 |
| Total liabilities | $15,661,124 |
| Net assets without donor restrictions | $18,335,710 |
| Net assets with donor restrictions | $232,551 |
| 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 | $34,229,385 |