Capitol Collegiate INC

Tax-deductible

Sacramento, CA501(c)(3)Since 2009EducationEIN 27-1643490

To prepare students in grades kindergarten through eight to compete, achieve, and lead in high school, in college, and in life.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 7 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

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $80K a year · 1% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$584K
to officers and key staff · 7% of spending
Top officer’s pay higher than 56% of similar orgs
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.8M
42% of total assets
Looks good: liabilities are 42% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 8 voting members
Looks good: 6 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.7M
+3% vs prior year
Spent
$8.1M
To programs
85%
Net assets
$2.5M
By yearFY2020–FY2024
Revenue
$8.7M
FY2024▲ +3%
Revenue by fiscal year
FY2020$4.8M
FY2021$5.5M
FY2022$6.5M
FY2023$8.0M
FY2024$8.5M
FY2024$8.7M
Expenses
$8.1M
FY2024▼ -12%
Expenses by fiscal year
FY2020$4.3M
FY2021$5.2M
FY2022$6.5M
FY2023$7.6M
FY2024$9.2M
FY2024$8.1M
Net assets
$2.5M
FY2024▲ +32%
Net assets by fiscal year
FY2020$2.0M
FY2021$2.3M
FY2022$2.3M
FY2023$2.6M
FY2024$1.9M
FY2024$2.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2011.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $7.0M Management & general 14% · $1.2M Fundraising 0% · $16K

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

Who runs it and what they're paid

13 people listed on the 990; $584K paid to officers and key staff.

Part VII, Section A · reportable compensation
Assistant Principal of Operations & HR
$136,063Pt VII · Sec A
Speech Pathologist
$124,634Pt VII · Sec A
Assistant Principal of Instruction
$124,488Pt VII · Sec A
Assistant Principal of Culture
$111,617Pt VII · Sec A
Principal
$87,574Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Morgan a Watson’s $136K as Assistant Principal of Operations & HR is at the 56th percentile of top reported officer pay among 3394 $1–10M 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Cristin Fiorelli—$162,876$146,655$146,150$141,375$140,000
Morgan a Watson$136,063$137,732————
Megan Yazigi——$130,900$114,520——
Kharyl Anne B Piano$124,634—————
Allison Marie Volga$124,488—————
Allison Volga—$115,200$101,500———
Herman L O'Berry JR$111,617—————
Anneliese Hallsten———$100,281——

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.

See Capitol Collegiate INC executive salaries →

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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

Equips students with skills to succeed in school and life.

Provided by the organization

This section is blank until Capitol Collegiate INC claims this page.

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1 program service account for $7.0M of program spending, described in the organization's own filed words · FY2024.
01

The education philosophy of capitol collegiate academy is based on two core ideas: a cohesive culture and a challenging curriculum. Both of these are grounded in the absolute belief that all students, regardless of their backgrounds, have the right to an excellent, college-preparatory education starting in kindergarten.

$7.0Mprogram expense

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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 · FY2023
Total grants receivedfrom 1 funder$11

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$8.7M
Ln 12
Gifts and grantsLn 1h$8.7M
Other incomeLn 4–11$77K
Money outPt IX
$8.1M
Ln 25
Programscol B$7.0M
Managementcol C$1.2M
Fundraisingcol D$16K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$252K
Total assetsLn 16$4.3M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
13
listed · VII A
PaidVII A5
Voting boardVI 1a8
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.7M
Government grantsLn 1e$8.6M
Other incomeLn 4–11$77K
Total revenueLn 12$8.7M
Assets in detailPt X, end of year
CashLn 1$252K
Cash and savings togetherLn 1–2$252K
Land, buildings, equipmentLn 10c$2.3M
Other assetsLn 15$404K
Total assetsLn 16$4.3M
LiabilitiesLn 26$1.8M
Net assetsLn 32$2.5M
OperationsPt I, VI
EmployeesI 594
VolunteersI 67
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$4K$252K
Land, buildings, equipmentLn 10c$2.9M$2.3M
Total assetsLn 16$4.9M$4.3M
LiabilitiesLn 26$3.0M$1.8M
Net assetsLn 32$1.9M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$162K$130K$32K
Other salaries and wagesLn 7$3.9M$3.7M$120K
Pension plan contributionsLn 8$992K$967K$25K
Other employee benefitsLn 9$427K$410K$17K
Payroll taxesLn 10$167K$162K$6K
Legal feesLn 11b$38K$38K
Accounting feesLn 11c$115K$31K$84K
Other fees for servicesLn 11g$625K$604K$5K$16K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$72K$42K$30K
OccupancyLn 16$455K$172K$283K
TravelLn 17$149$149
InterestLn 20$164K$164K
Depreciation, depletion and amortizationLn 22$681K$511K$170K
InsuranceLn 23$89K$89K
Other expenses (24a–d)Ln 24$299K$195K$104K
Total functional expensesLn 25$8.1M$7.0M$1.2M$16K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $8.5M$9.2M−$710K$1.9M 990 PDF
FY2023 $8.0M$7.6M$321K$2.6M 990 PDF
FY2022 $6.5M$6.5M$20K$2.3M 990 PDF
FY2021 $5.5M$5.2M$288K$2.3M 990 PDF
FY2020 $4.8M$4.3M$482K$2.0M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $8,742,816 across 5 lines filed
VIII-1e Government grants$8,633,472
VIII-1f All other contributions, gifts and grants$32,255
VIII-1h Total contributions, gifts and grants$8,665,727
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $77,089$77,089
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $77,089$8,742,816
Part IX · Statement of functional expenses $8,142,085 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $130,000 · Management $32,500$162,500
IX-7 Other salaries and wagesPrograms $3,735,854 · Management $119,895$3,855,749
IX-8 Pension plan contributionsPrograms $966,995 · Management $24,510$991,505
IX-9 Other employee benefitsPrograms $409,895 · Management $17,079$426,974
IX-10 Payroll taxesPrograms $161,685 · Management $5,530$167,215
IX-11b Legal feesManagement $37,838$37,838
IX-11c Accounting feesPrograms $30,750 · Management $84,296$115,046
IX-11g Other fees for servicesPrograms $603,826 · Management $4,945 · Fundraising $15,813$624,584
IX-12 Advertising and promotionPrograms $1,600$1,600
IX-13 Office expensesPrograms $41,572 · Management $29,970$71,542
IX-16 OccupancyPrograms $171,654 · Management $283,128$454,782
IX-17 TravelPrograms $149$149
IX-20 InterestManagement $164,090$164,090
IX-22 Depreciation, depletion and amortizationPrograms $510,775 · Management $170,258$681,033
IX-23 InsuranceManagement $88,648$88,648
IX-24 Other expenses (24a–d)Programs $195,113 · Management $103,717$298,830
IX-25 Total functional expensesPrograms $6,959,868 · Management $1,166,404 · Fundraising $15,813$8,142,085
Part X · Balance sheet $4,317,315 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $4,232$251,732
X-4 Accounts receivableStart of year $1,496,928$1,345,344
X-9 Prepaid expenses and deferred chargesStart of year $5,336$18,325
X-10c Land, buildings and equipment, netStart of year $2,925,712$2,298,022
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $468,872$403,892
X-16 Total assetsStart of year $4,901,080$4,317,315
X-17 Accounts payable and accrued expensesStart of year $1,271,861$248,130
X-19 Deferred revenueStart of year $50,618$234,000
X-24 Unsecured notes and loans payableStart of year $1,222,765$940,000
X-25 Other liabilitiesStart of year $468,872$407,490
X-26 Total liabilitiesStart of year $3,014,116$1,829,620
X-27 Net assets without donor restrictionsStart of year $1,886,964$2,487,695
X-32 Total net assets or fund balancesStart of year $1,886,964$2,487,695
X-33 Total liabilities and net assetsStart of year $4,901,080$4,317,315
Part XI · Reconciliation of net assets $2,487,695 net assets at year end
XI-1 Total revenue$8,742,816
XI-2 Total expenses$8,142,085
XI-3 Revenue less expenses$600,731
XI-4 Net assets at start of year$1,886,964
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,487,695

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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