To provide a superior public Education to oakland's most underserved children by creating a system of public schools that relentlessly focuses on students' academic achievement.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$1.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $6.1M a year · 11% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.0M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $917K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$43.9M
60% of total assets
Fine: liabilities are 60% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$56.1M
-0.9% vs prior year
Spent
$53.6M
To programs
79%
Net assets
$29.6M
By yearFY2020–FY2025
Revenue
$56.1M
FY2023▼ -0.9%
Tap a bar for its year
Revenue by fiscal year
FY2020$46.4M
FY2021$44.4M
FY2022$56.6M
FY2023$56.1M
FY2024$74.0M
FY2025$66.0M
Expenses
$53.6M
FY2023▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$39.7M
FY2021$40.7M
FY2022$47.5M
FY2023$53.6M
FY2024$60.9M
FY2025$64.5M
Net assets
$29.6M
FY2023▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$14.4M
FY2021$18.1M
FY2022$27.1M
FY2023$29.6M
FY2024$42.7M
FY2025$44.3M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $42.3M Management & general 21% · $11.3M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Superintendent
$186,500Pt VII · Sec A
Secretary/Treasurer
$164,399Pt VII · Sec A
Chief Academic Officer
$156,994Pt VII · Sec A
Director of Special Education
$135,260Pt VII · Sec A
Principal
$133,329Pt VII · Sec A
Chief Talent & Strategy Officer
$132,004Pt VII · Sec A
Principal
$129,169Pt VII · Sec A
$0Pt VII · Sec A

Larissa Adam’s $232K as Superintendent is at the 47th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Larissa Adam$232,035$214,075$186,500$164,669$162,475$152,837
Hae-Sin Thomas—————$201,397
Brandee Stewart$187,779$178,530$156,994$135,380$131,525$122,883
Fabiola Harvey—————$185,153
Sundar Chari$182,866$180,885$164,399$133,390$140,825$130,614
Abigail Nunez$178,760$169,939————
Ernest Peterson$166,039$157,823$132,004———
Lillian Hsu$163,236$158,815$133,329———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates Oakland's most underserved children with superior public schooling.

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Provided by the organization

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1 program · $42.3M · in their own filed words · FY2022
01

The school provides a rigorous educational program that emphasizes the development of basic skills: reading, writing, speaking and computation, development of problem solving skills and global perspective. Served approximately 2,642 students, with 177 instructional days.

$42.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Xq InstituteFY2024$644K
Total grants receivedfrom 4 funders$917K
See all 4 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$56.1M
Ln 12
Gifts and grantsLn 1h$56.0M
Other incomeLn 4–11$40K
Money outPt IX
$53.6M
Ln 25
Programscol B$42.3M
Managementcol C$11.3M
Owns and owesPt X
$29.6M
net assets · Ln 32
Cash and savingsLn 1–2$12.6M
Total assetsLn 16$73.5M
LiabilitiesLn 26$43.9M
PeoplePt VI, VII
16
listed · VII A
PaidVII A7
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$56.0M
Government grantsLn 1e$53.5M
Other incomeLn 4–11$40K
Total revenueLn 12$56.1M
Assets in detailPt X, end of year
CashLn 1$12.6M
Cash and savings togetherLn 1–2$12.6M
Land, buildings, equipmentLn 10c$48.6M
Other assetsLn 15$1.0M
Total assetsLn 16$73.5M
LiabilitiesLn 26$43.9M
Net assetsLn 32$29.6M
OperationsPt I, VI
EmployeesI 5761
VolunteersI 6398
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.1M$12.6M
Land, buildings, equipmentLn 10c$41.8M$48.6M
Total assetsLn 16$51.8M$73.5M
LiabilitiesLn 26$24.7M$43.9M
Net assetsLn 32$27.1M$29.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$504K$402K$102K
Other salaries and wagesLn 7$28.1M$20.8M$7.3M
Pension plan contributionsLn 8$5.0M$5.0M
Other employee benefitsLn 9$2.9M$2.9M
Payroll taxesLn 10$1.1M$1.1M
Management feesLn 11a$262K$262K
Legal feesLn 11b$185K$185K
Other fees for servicesLn 11g$5.5M$5.3M$188K
Advertising and promotionLn 12$112K$112K
Office expensesLn 13$187K$187K
Information technologyLn 14$35K$35K
OccupancyLn 16$2.9M$2.6M$241K
TravelLn 17$482K$377K$105K
Conferences, conventions and meetingsLn 19$71K$69K$2K
InterestLn 20$943K$943K
Depreciation, depletion and amortizationLn 22$1.2M$1.2M
InsuranceLn 23$264K$264K
Other expenses (24a–d)Ln 24$1.9M$1.8M$81K
All other expensesLn 24e$1.8M$1.7M$152K
Total functional expensesLn 25$53.6M$42.3M$11.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $66.0M$64.5M$1.5M$44.3M 990 PDF
FY2024 $74.0M$60.9M$13.1M$42.7M 990 PDF
FY2023 Viewing $56.1M$53.6M$2.5M$29.6M 990 PDF
FY2022 $56.6M$47.5M$9.1M$27.1M 990 PDF
FY2021 $44.4M$40.7M$3.6M$18.1M 990 PDF
FY2020 $46.4M$39.7M$6.7M$14.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $56,063,208 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $57,830,913$56,023,027
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$1,275,637$0
I-11 Other revenuePrior year $31,212$40,181
I-12 Total revenuePrior year $56,586,488$56,063,208
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $33,715,298$37,615,894
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $13,816,709$15,959,733
I-18 Total expensesPrior year $47,532,007$53,575,627
I-19 Revenue less expensesPrior year $9,054,481$2,487,581
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $56,063,208 across 6 lines filed
VIII-1e Government grants$53,514,504
VIII-1f All other contributions, gifts and grants$2,508,523
VIII-1h Total contributions, gifts and grants$56,023,027
VIII-6 Net rental income or lossExcluded from tax $37,992$37,992
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,189$2,189
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $40,181$56,063,208
Part IX · Statement of functional expenses $53,575,627 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $402,203 · Management $101,549$503,752
IX-7 Other salaries and wagesPrograms $20,817,417 · Management $7,279,776$28,097,193
IX-8 Pension plan contributionsPrograms $4,993,225$4,993,225
IX-9 Other employee benefitsPrograms $2,913,513$2,913,513
IX-10 Payroll taxesPrograms $1,108,211$1,108,211
IX-11a Management feesManagement $261,992$261,992
IX-11b Legal feesManagement $185,191$185,191
IX-11g Other fees for servicesPrograms $5,347,449 · Management $187,664$5,535,113
IX-12 Advertising and promotionPrograms $111,828$111,828
IX-13 Office expensesManagement $186,846$186,846
IX-14 Information technologyManagement $35,203$35,203
IX-16 OccupancyPrograms $2,643,606 · Management $240,714$2,884,320
IX-17 TravelPrograms $377,092 · Management $105,189$482,281
IX-19 Conferences, conventions and meetingsPrograms $68,769 · Management $2,196$70,965
IX-20 InterestManagement $943,473$943,473
IX-22 Depreciation, depletion and amortizationManagement $1,244,620$1,244,620
IX-23 InsuranceManagement $263,963$263,963
IX-24 Other expenses (24a–d)Programs $1,845,590 · Management $81,276$1,926,866
IX-24e All other expensesPrograms $1,674,699 · Management $152,373$1,827,072
IX-25 Total functional expensesPrograms $42,303,602 · Management $11,272,025 · Fundraising $0$53,575,627
Part X · Balance sheet $73,487,006 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,118,304$12,642,931
X-3 Pledges and grants receivableStart of year $8,896,934$11,123,910
X-4 Accounts receivableStart of year $22,228$44,328
X-9 Prepaid expenses and deferred chargesStart of year $37,768$87,551
X-10c Land, buildings and equipment, netStart of year $41,768,299$48,585,654
X-15 Other assetsStart of year $0$1,002,632
X-16 Total assetsStart of year $51,843,533$73,487,006
X-17 Accounts payable and accrued expensesStart of year $8,130,911$11,167,316
X-19 Deferred revenueStart of year $563,078$7,714,025
X-24 Unsecured notes and loans payableStart of year $7,009,050$15,659,894
X-25 Other liabilitiesStart of year $9,008,691$9,326,387
X-26 Total liabilitiesStart of year $24,711,730$43,867,622
X-27 Net assets without donor restrictionsStart of year $27,131,803$29,619,384
X-32 Total net assets or fund balancesStart of year $27,131,803$29,619,384
X-33 Total liabilities and net assetsStart of year $51,843,533$73,487,006
Part XI · Reconciliation of net assets $29,619,384 net assets at year end
XI-1 Total revenue$56,063,208
XI-2 Total expenses$53,575,627
XI-3 Revenue less expenses$2,487,581
XI-4 Net assets at start of year$27,131,803
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$29,619,384

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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