Park Century School
- Assets
- $32.0m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 116
- Location
- Culver City, CA
- Founding
- 04/1969
- Data as of
- 06/2022
- 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 06/2022, Park Century School employed 116 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 06/2022, Park Century School generated $8.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $7.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
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:
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 |
|---|---|---|---|
Helen Newton Hartung President | OfficerTrustee | 1 | $0 |
Bess Armstrong Fiedler Vice President | Trustee | 1 | $0 |
Phyllis G Thomas Treasurer | OfficerTrustee | 1 | $0 |
Emily Alexander Director | Trustee | 1 | $0 |
Michael Bryant MD MBA Director | Trustee | 1 | $0 |
Dan Bucantinsky Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,086,094 |
| Noncash contributions included in lines 1a–1f | $58,902 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,086,094 |
| Total Program Service Revenue | $6,761,889 |
| Investment income | $109,874 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,513 |
| Net Gain/Loss on Asset Sales | $762 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,997,953 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $420,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $404,305 |
| Compensation of current officers, directors, key employees. | $170,427 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,206,755 |
| Pension plan accruals and contributions | $126,183 |
| Other employee benefits | $387,801 |
| Payroll taxes | $269,995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $158,439 |
| Fees for services: Accounting | $163,145 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,766 |
| Fees for services: Other | $439,677 |
| Advertising and promotion | $0 |
| Office expenses | $237,624 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $169,340 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $68,230 |
| Interest | $376,113 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $511,822 |
| Insurance | $88,679 |
| All other expenses | $0 |
| Total functional expenses | $7,196,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,627 |
| Savings and temporary cash investments | $4,737,400 |
| Pledges and grants receivable | $159,399 |
| Accounts receivable, net | $3,736,423 |
| 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 | $60,298 |
| Net Land, buildings, and equipment | $11,537,216 |
| Investments—publicly traded securities | $10,071,063 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,705,487 |
| Total assets | $32,009,913 |
| Accounts payable and accrued expenses | $346,821 |
| Grants payable | $0 |
| Deferred revenue | $4,831,941 |
| Tax-exempt bond liabilities | $9,991,290 |
| 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 | $10,264 |
| Total liabilities | $15,180,316 |
| Net assets without donor restrictions | $15,801,641 |
| Net assets with donor restrictions | $1,027,956 |
| 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 | $32,009,913 |