Palisades Charter High School
- Assets
- $27.1m
- Revenue
- $41.1m
- Investments
- $0.0
- Employees
- 371
- Location
- Pacific Palasades, CA
- Founding
- 12/2007
- Data as of
- 06/2022
- EIN
- 92-0184898
Organization Overview
Palisades Charter High School is located in Pacific Palasades, CA. The organization was established in 2007. 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, Palisades Charter High School employed 371 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palisades Charter High 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, Palisades Charter High School generated $41.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $39.7m during the year ending 06/2022. While expenses have increased by 2.2% per year over the past 6 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
PUBLIC CHARTER SCHOOL SERVING APPROX. 2,965 STUDENTS IN GRADES 9-12 FROM ALL OVER GREATER LA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A NON-PROFIT PUBLIC HIGH SCHOOL SERVING STUDENTS IN GRADES 9-12, PALISADES CHARTER HIGH SCHOOL SERVES IN EXCESS OF 3,000 STUDENTS FROM OVER 100 ZIP CODES IN THE GREATER LOS ANGELES AREA BY PROVIDING EDUCATION AND INSTRUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dara Williams Community/chair | Trustee | 2 | $0 |
Jack Seltzer Trustee | Trustee | 2 | $0 |
Monica Batts-Kibg Trustee | Trustee | 2 | $0 |
Sara Margiotta Trustee | Trustee | 2 | $0 |
Jewlz Fahn Trustee | Trustee | 2 | $0 |
James Wells Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Transportation Systems Transportation Services | 6/29/22 | $1,136,951 |
Chartwells Dining Service Food Services | 6/29/22 | $637,542 |
Uniserve Facilities Svcs Corp Custodial | 6/29/22 | $265,041 |
The Perfect Event Inc Security Services | 6/29/22 | $242,173 |
Akins It Inc Computer Services | 6/29/22 | $216,739 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $453,105 |
| Related organizations | $0 |
| Government grants | $37,098,306 |
| All other contributions, gifts, grants, and similar amounts not included above | $149,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,701,011 |
| Total Program Service Revenue | $2,827,431 |
| Investment income | $62,018 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $409,100 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$15,368 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,146,615 |
| 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. | $355,333 |
| Compensation of current officers, directors, key employees. | $355,333 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,080,952 |
| Pension plan accruals and contributions | $5,058,529 |
| Other employee benefits | $4,667,288 |
| Payroll taxes | $931,402 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $363,679 |
| 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 | $3,766,003 |
| Advertising and promotion | $1,650 |
| Office expenses | $490,229 |
| Information technology | $7,200 |
| Royalties | $0 |
| Occupancy | $727,031 |
| Travel | $79,583 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,545 |
| Interest | $11,784 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $971,607 |
| Insurance | $407,999 |
| All other expenses | $0 |
| Total functional expenses | $39,736,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,268,624 |
| Savings and temporary cash investments | $12,705,922 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,262,482 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,568 |
| Prepaid expenses and deferred charges | $111,135 |
| Net Land, buildings, and equipment | $6,730,206 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,090,937 |
| Accounts payable and accrued expenses | $6,859,622 |
| Grants payable | $0 |
| Deferred revenue | $1,446,087 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $741,483 |
| 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 | $10,359,534 |
| Total liabilities | $19,406,726 |
| Net assets without donor restrictions | $6,561,595 |
| Net assets with donor restrictions | $1,122,616 |
| 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 | $27,090,937 |