Life Source International Schools

Tax-deductible

Lancaster, CA501(c)(3)Since 2008EducationEIN 26-1375692Revenue $10.4M in FY2023

On file with the IRSlifesourcecharterschool.org44339 Beech Ave, 93534-4303 · Lancaster, CATax-exempt since Jun 2011School — 170(b)(1)(A)(ii)

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To meet the needs of under served and disadvantaged students of lancaster, california by supporting and expanding students' academic and human potential the goal is to deliver an established,successful, culturally relevant instructional program, while cultivating social skills and character qualities essential in overall adult success and well-being.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Run by 3 volunteers and 94 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $493K a year · 7% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$226K
to officers and key staff · 3% of spending
Top officer’s pay lower than 54% of similar orgs
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.7M
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.4M
+106% vs prior year
Spent
$8.9M
To programs
74%
Net assets
$3.4M
By yearFY2020–FY2023
Revenue
$10.4M
FY2023▲ +106%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.4M
FY2021$5.9M
FY2022$5.0M
FY2023$10.4M
Expenses
$8.9M
FY2023▲ +59%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.3M
FY2021$5.0M
FY2022$5.6M
FY2023$8.9M
Net assets
$3.4M
FY2023▲ +68%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$2.6M
FY2022$2.0M
FY2023$3.4M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Jun 2011.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $6.6M Management & general 26% · $2.3M

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

4 people listed on the 990; $226K 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
Executive Director
$226,004Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Dr Deberae Culpepper’s $226K as Executive Director is at the 46th 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 · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Dr Deberae Culpepper$226,004$222,934$211,835$156,835

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

Empowers disadvantaged Lancaster students academically and personally for future success.

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Provided by the organization

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1 program · $6.6M · in their own filed words · FY2022
01

Through its academically advanced curriculum, life source international charter school's vision is to produce globally responsible citizens who are challenged to cultivate personal, positive, and impactful change in their communities.

$6.6Mprogram 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 · FY2022
Total grants receivedfrom 1 funder$5

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$10.4M
Ln 12
Gifts and grantsLn 1h$9.9M
Other incomeLn 4–11$454K
Money outPt IX
$8.9M
Ln 25
Programscol B$6.6M
Managementcol C$2.3M
Owns and owesPt X
$3.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$7.1M
LiabilitiesLn 26$3.7M
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.9M
Government grantsLn 1e$9.3M
Other incomeLn 4–11$454K
Total revenueLn 12$10.4M
Assets in detailPt X, end of year
CashLn 1$1.9M
Cash and savings togetherLn 1–2$1.9M
Land, buildings, equipmentLn 10c$3.2M
Other assetsLn 15$0
Total assetsLn 16$7.1M
LiabilitiesLn 26$3.7M
Net assetsLn 32$3.4M
OperationsPt I, VI
EmployeesI 594
VolunteersI 63
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$960K$1.9M
Land, buildings, equipmentLn 10c$3.3M$3.2M
Total assetsLn 16$5.9M$7.1M
LiabilitiesLn 26$3.9M$3.7M
Net assetsLn 32$2.0M$3.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$262K$262K
Other salaries and wagesLn 7$1.7M$1.5M$189K
Other employee benefitsLn 9$714K$611K$103K
Management feesLn 11a$148K$148K
Legal feesLn 11b$28K$28K
Accounting feesLn 11c$34K$34K
Other fees for servicesLn 11g$3.2M$2.5M$663K
Office expensesLn 13$149K$118K$31K
Information technologyLn 14$167K$132K$34K
OccupancyLn 16$864K$686K$178K
TravelLn 17$11K$11K
Conferences, conventions and meetingsLn 19$13K$11K$3K
InterestLn 20$92K$92K
Depreciation, depletion and amortizationLn 22$266K$266K
InsuranceLn 23$124K$98K$26K
Other expenses (24a–d)Ln 24$1.1M$891K$232K
Total functional expensesLn 25$8.9M$6.6M$2.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $10.4M$8.9M$1.5M$3.4M 990 PDF
FY2022 $5.0M$5.6M−$585K$2.0M 990 PDF
FY2021 $5.9M$5.0M$944K$2.6M 990 PDF
FY2020 $5.4M$5.3M$152K$1.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $10,378,344 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,038,936$9,924,558
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $7$0
I-11 Other revenuePrior year $0$453,786
I-12 Total revenuePrior year $5,038,943$10,378,344
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 $2,732,267$2,684,303
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,891,851$6,231,446
I-18 Total expensesPrior year $5,624,118$8,915,749
I-19 Revenue less expensesPrior year −$585,175$1,462,595
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $10,378,344 across 5 lines filed
VIII-1e Government grants$9,321,102
VIII-1f All other contributions, gifts and grants$603,456
VIII-1h Total contributions, gifts and grants$9,924,558
VIII-6 Net rental income or lossExcluded from tax $453,786$453,786
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $453,786$10,378,344
Part IX · Statement of functional expenses $8,915,749 across 16 lines filed
IX-5 Pay of current officers, directors and key staffManagement $261,826$261,826
IX-7 Other salaries and wagesPrograms $1,519,683 · Management $189,267$1,708,950
IX-9 Other employee benefitsPrograms $610,550 · Management $102,977$713,527
IX-11a Management feesManagement $147,656$147,656
IX-11b Legal feesManagement $27,781$27,781
IX-11c Accounting feesManagement $33,579$33,579
IX-11g Other fees for servicesPrograms $2,549,944 · Management $663,236$3,213,180
IX-13 Office expensesPrograms $118,374 · Management $30,789$149,163
IX-14 Information technologyPrograms $132,389 · Management $34,434$166,823
IX-16 OccupancyPrograms $686,054 · Management $178,441$864,495
IX-17 TravelManagement $10,592$10,592
IX-19 Conferences, conventions and meetingsPrograms $10,586 · Management $2,754$13,340
IX-20 InterestManagement $91,909$91,909
IX-22 Depreciation, depletion and amortizationManagement $265,649$265,649
IX-23 InsurancePrograms $98,366 · Management $25,585$123,951
IX-24 Other expenses (24a–d)Programs $891,461 · Management $231,867$1,123,328
IX-25 Total functional expensesPrograms $6,617,407 · Management $2,298,342 · Fundraising $0$8,915,749
Part X · Balance sheet $7,108,726 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $959,858$1,943,934
X-4 Accounts receivableStart of year $1,449,060$1,895,859
X-9 Prepaid expenses and deferred chargesStart of year $153,240$54,773
X-10c Land, buildings and equipment, netStart of year $3,331,062$3,214,160
X-15 Other assetsStart of year $23,950$0
X-16 Total assetsStart of year $5,917,170$7,108,726
X-17 Accounts payable and accrued expensesStart of year $1,106,920$1,271,075
X-19 Deferred revenueStart of year $361,450$49,212
X-24 Unsecured notes and loans payableStart of year $2,413,116$2,325,874
X-25 Other liabilitiesStart of year $0$35,016
X-26 Total liabilitiesStart of year $3,881,486$3,681,177
X-27 Net assets without donor restrictionsStart of year $2,035,684$3,427,549
X-32 Total net assets or fund balancesStart of year $2,035,684$3,427,549
X-33 Total liabilities and net assetsStart of year $5,917,170$7,108,726
Part XI · Reconciliation of net assets $3,427,549 net assets at year end
XI-1 Total revenue$10,378,344
XI-2 Total expenses$8,915,749
XI-3 Revenue less expenses$1,462,595
XI-4 Net assets at start of year$2,035,684
XI-8 Prior period adjustments−$70,730
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,427,549

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

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