Sierra Canyon High School Foundation
- Assets
- $96.8m
- Revenue
- $56.7m
- Investments
- $0.0
- Employees
- 403
- Location
- Chatsworth, CA
- Founding
- 02/2001
- Data as of
- 08/2023
- EIN
- 95-4823704
Organization Overview
Sierra Canyon High School Foundation is located in Chatsworth, CA. The organization was established in 2001. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 08/2023, Sierra Canyon High School Foundation employed 403 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sierra Canyon High School Foundation 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 08/2023, Sierra Canyon High School Foundation generated $56.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $54.7m during the year ending 08/2023. While expenses have increased by 5.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ELEMENTARY THROUGH HIGH SCHOOL EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCATED IN CHATSWORTH, CALIFORNIA, THE FOUNDATION RUNS A PRIVATE SCHOOL PROVIDING EDUCATION TO STUDENTS FROM EARLY KINDERGARTEN TO 12TH GRADE. INCOME IS DERIVED FROM TUITION, FEES, CONTRIBUTIONS, AND FUNDRAISING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Skrumbis President & CEO | OfficerTrustee | 40 | $474,750 |
Richard Shapiro Trustee/cfo/coo | OfficerTrustee | 10 | $269,800 |
Jason S Miller Director Of Operations | 40 | $162,770 | |
Stephanie Rubin Upper School Director | 40 | $153,832 | |
Tom Keller Director Of Studies | 40 | $166,543 | |
Kristine Theodoratos Director Lower School | 40 | $139,950 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Laurie Sue Stalick Travel Agent | 8/30/23 | $167,961 |
Auvix Solutions Electronics & Sound | 8/30/23 | $121,860 |
Byrom-davey Inc Construction | 8/30/23 | $478,471 |
Del Amo Construction Inc Construction | 8/30/23 | $2,364,958 |
Gabriel Sosa Security | 8/30/23 | $157,683 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $116,725 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,566,920 |
| Noncash contributions included in lines 1a–1f | $128,155 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,683,645 |
| Total Program Service Revenue | $51,513,500 |
| Investment income | $81,547 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,446,680 |
| Net Income from Fundraising Events | -$47,753 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,677,619 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,170,793 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,810,811 |
| Compensation of current officers, directors, key employees. | $477,838 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,508,597 |
| Pension plan accruals and contributions | $601,507 |
| Other employee benefits | $4,907,058 |
| Payroll taxes | $1,372,472 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,145 |
| Fees for services: Accounting | $69,768 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $40,710 |
| Office expenses | $166,559 |
| Information technology | $387,671 |
| Royalties | $0 |
| Occupancy | $90,615 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,698,291 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,778,212 |
| Insurance | $812,877 |
| All other expenses | $9,860,093 |
| Total functional expenses | $54,682,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,723,462 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $330,406 |
| 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 | $925,330 |
| Net Land, buildings, and equipment | $70,530,556 |
| Investments—publicly traded securities | $3,417,414 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,288,733 |
| Other assets | $4,606,050 |
| Total assets | $96,821,951 |
| Accounts payable and accrued expenses | $4,792,981 |
| Grants payable | $0 |
| Deferred revenue | $27,220,580 |
| Tax-exempt bond liabilities | $45,398,104 |
| Escrow or custodial account liability | $10,226 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $234,314 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $83,760 |
| Total liabilities | $77,739,965 |
| Net assets without donor restrictions | $18,739,396 |
| Net assets with donor restrictions | $342,590 |
| 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 | $96,821,951 |