Park Century School
- Assets
- $27.8m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 98
- Location
- Culver City, CA
- Founding
- 04/1969
- Data as of
- 06/2020
- EIN
- 95-2539719
Organization Overview
Park Century School is located in Culver City, CA. The organization was established in 1969. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2021, Park Century School employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park Century 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 06/2020, Park Century School generated $8.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $7.4m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER BRIGHT CHILDREN WITH LEARNING DIFFERENCES TO REACH THEIR ACADEMIC AND PERSONAL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARK CENTURY SCHOOL OFFERS INDIVIDUALIZED LEARNING PROGRAMS TO STUDENTS BETWEEN AGES 7-14 OR GRADES 2-8, THAT LEARN DIFFERENTLY. THESE INDIVIDUALIZED PROGRAMS TAKE INTO ACCOUNT LEARNING STYLE, FUNCTIONING LEVEL, ATTENTION SPAN, INTEREST, AND MOTIVATION; ALL IN AN ATTEMPT TO HELP STUDENTS DEVELOP A POSITIVE SELF-IMAGE, DISCOVER MEANINGFUL AVENUES OF EXPRESSION, SOCIALIZE WITH THEIR PEERS, AND SET REALISTIC GOALS FOR THEMSELVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Palmer Chief Operating Officer | Officer | 37.5 | $165,425 |
Judith Fuller Head Of School | Officer | 37.5 | $163,466 |
Mary Ann Quirke Upper School Dean | 37.5 | $111,163 | |
Jon Hay Middle School Dean | 37.5 | $108,928 | |
Patricia Durant Specialist | 37.5 | $104,107 | |
Nora Rentt Classroom Teacher | 37.5 | $100,852 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $873,283 |
| Investment income | $203,720 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,875 |
| Net Gain/Loss on Asset Sales | -$182 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,451,125 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $445,895 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $414,181 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,723,237 |
| Pension plan accruals and contributions | $143,010 |
| Other employee benefits | $394,905 |
| Payroll taxes | $323,157 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,560 |
| Fees for services: Accounting | $97,902 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,538 |
| Fees for services: Other | $198,644 |
| Advertising and promotion | $0 |
| Office expenses | $106,057 |
| Information technology | $39,649 |
| Royalties | $0 |
| Occupancy | $128,165 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,855 |
| Interest | $399,768 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $533,700 |
| Insurance | $81,820 |
| All other expenses | $0 |
| Total functional expenses | $7,384,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,046 |
| Savings and temporary cash investments | $11,937,548 |
| Pledges and grants receivable | $341,327 |
| Accounts receivable, net | $194,818 |
| 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 | $95,451 |
| Investments—publicly traded securities | $1,287,915 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,375,648 |
| Total assets | $27,759,226 |
| Accounts payable and accrued expenses | $301,021 |
| Grants payable | $0 |
| Deferred revenue | $1,417,100 |
| Tax-exempt bond liabilities | $10,625,238 |
| 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 | $68,973 |
| Total liabilities | $12,412,332 |
| 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 |
| Total liabilities and net assets/fund balances | $15,346,894 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Park Century School has recieved totaling $150,000.
| Awarding Organization | Amount |
|---|---|
Jennings Family Foundation Culver City, CA PURPOSE: TO COVER PUBLIC RELATIONS COSTS AND SEMINAR EXPENSES OF HEAD OF SCHOOL. | $150,000 |
Endowment Analysis
| Beg. Balance | $212,154 |
| Ending Balance | $212,154 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For The Redesign Of Learning South Pasadena, CA | $15,785,438 | $19,718,110 |
New School For Child Development A Non-Profit Corp Sherman Oaks, CA | $70,855,402 | $24,393,908 |
Mirman School For Gifted Children Los Angeles, CA | $47,520,876 | $18,601,911 |
Accel Phoenix, AZ | $21,659,622 | $16,834,387 |
Ecole Bilingue Berkeley, CA | $33,006,768 | $15,759,391 |
H E L P Group West Sherman Oaks, CA | $26,040,794 | $16,433,872 |
Learning With A Difference Inc Encino, CA | $24,959,978 | $17,556,894 |
Charles Armstrong School Belmont, CA | $29,837,306 | $12,609,845 |
Escuela Popular Del Pueblo San Jose, CA | $34,236,937 | $14,055,995 |
Pediatric Therapy Network Torrance, CA | $0 | $12,859,191 |
Institute For Effective Education San Diego, CA | $31,029,793 | $13,927,303 |
Villa Esperanza Services Pasadena, CA | $33,971,130 | $14,047,530 |