Casa Loma College
- Assets
- $10.4m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 60
- Location
- Van Nuys, CA
- Founding
- 04/1967
- Data as of
- 06/2022
- EIN
- 95-2462737
Organization Overview
Casa Loma College is located in Van Nuys, CA. The organization was established in 1967. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 06/2022, Casa Loma College employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Casa Loma College 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, Casa Loma College generated $6.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $5.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 7 years. 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
POSTSECONDARY HEALTH CARE INDUSTRY EDUCATION AND JOB PLACEMENT IN RESPECTIVE FIELDS FOR STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POSTSECONDARY HEALTH CARE INDUSTRY EDUCATION AND JOB PLACEMENT IN RESPECTIVE FIELDS FOR STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Keith Chairman | OfficerTrustee | 40 | $150,000 |
Lakhwinder Dhillon Director Of | 40 | $117,600 | |
Scott Sand CEO | OfficerTrustee | 40 | $117,128 |
Simone Quinto Director Of | 40 | $110,240 | |
Bahaa Karatahan Faculty Memb | 40 | $105,951 | |
Joshua Figuli Vice Chairma | OfficerTrustee | 4 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,578,262 |
| 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 | $1,578,262 |
| Total Program Service Revenue | $4,309,222 |
| Investment income | $74 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $76,002 |
| 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 | $5,963,560 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,347,118 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $66,317 |
| Payroll taxes | $227,149 |
| Fees for services: Management | $238,141 |
| Fees for services: Legal | $51,908 |
| Fees for services: Accounting | $41,878 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $727,181 |
| Advertising and promotion | $196,670 |
| Office expenses | $294,201 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $753,086 |
| Travel | $59,663 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,368 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $147,602 |
| Insurance | $136,244 |
| All other expenses | $0 |
| Total functional expenses | $5,302,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,028 |
| Savings and temporary cash investments | $270,995 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,394,503 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,442,230 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $112,035 |
| Net Land, buildings, and equipment | $684,901 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $484,071 |
| Total assets | $10,407,763 |
| Accounts payable and accrued expenses | $524,675 |
| Grants payable | $0 |
| Deferred revenue | $7,217,956 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $345,302 |
| Secured mortgages and notes payable | $149,439 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $689,611 |
| Total liabilities | $8,926,983 |
| Net assets without donor restrictions | $0 |
| 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 | $1,480,780 |
| Total liabilities and net assets/fund balances | $10,407,763 |