Old Town Academy FY2022 filing

Tax-deductible

San Diego, CA501(c)(3)Since 2010EducationEIN 27-4362839Revenue $2.8M in FY2022

On file with the IRSoldtownacademy.org2120 San Diego Ave, 92110-2901 · San Diego, CATax-exempt since Aug 2016School — 170(b)(1)(A)(ii)

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Old Town Academy is a public charter school for students in grades K-8 located in San Diego, CA.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$126K 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

FY2022 · 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
3 of 6
filings with a surplus
Average deficit $114K a year · 4% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$126K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $31K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$283K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 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
$2.8M
+5% vs prior year
Spent
$2.9M
To programs
88%
Net assets
$1.2M
By yearFY2020–FY2025
Revenue
$2.8M
FY2022▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.6M
FY2021$2.7M
FY2022$2.8M
FY2023$3.5M
FY2024$3.7M
FY2025$3.2M
Expenses
$2.9M
FY2022▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.5M
FY2021$2.7M
FY2022$2.9M
FY2023$3.5M
FY2024$3.6M
FY2025$4.0M
Net assets
$1.2M
FY2022▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$1.3M
FY2022$1.2M
FY2023$1.2M
FY2024$1.2M
FY2025$469K

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2012-11-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Aug 2016.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $2.5M Management & general 12% · $354K Fundraising 0% · $525

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

12 people listed on the 990; $126K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Former Principal
$84,536Pt VII · Sec A
Former Principal
$41,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Devon D Phillips’s $135K as Principal 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

NameFY2025FY2024FY2022FY2021FY2020
Jon Centofranchi————$160,000
Devon D Phillips$135,245$125,847———
Devon D Phillips Principal—$125,847———
Laura a Badillo——$84,536——
Andrea Todak$81,118————
Turner Watts—$74,955———
Sarah Cook————$63,021
Dr Todd Reed———$57,500—

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 K-8 students in San Diego through a public charter school.

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Provided by the organization

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1 program · $2.5M · in their own filed words · FY2021
01

Old Town Academy operates as a public charter school which provides education to students in grades K-8. Old Town Academy provides a high quality public education in an individualized, creative, collaborative, and emotionally supportive environment that challenges every student to reach his or her potential.

$2.5Mprogram 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
Total grants receivedfrom 1 funder$31K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.8M
Ln 12
Gifts and grantsLn 1h$2.8M
Investment incomeLn 3$2K
Money outPt IX
$2.9M
Ln 25
Programscol B$2.5M
Managementcol C$354K
Fundraisingcol D$525
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$1.5M
LiabilitiesLn 26$283K
PeoplePt VI, VII
12
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.8M
Government grantsLn 1e$2.8M
Fundraising eventsLn 1c$4K
Investment incomeLn 3$2K
Total revenueLn 12$2.8M
Assets in detailPt X, end of year
CashLn 1$941K
SavingsLn 2$64K
Cash and savings togetherLn 1–2$1.0M
Land, buildings, equipmentLn 10c$135K
Other assetsLn 15$34K
Total assetsLn 16$1.5M
LiabilitiesLn 26$283K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 530
VolunteersI 630
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$909K$1.0M
Land, buildings, equipmentLn 10c$152K$135K
Total assetsLn 16$1.5M$1.5M
LiabilitiesLn 26$233K$283K
Net assetsLn 32$1.3M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$126K$93K$32K
Other salaries and wagesLn 7$1.1M$994K$127K
Pension plan contributionsLn 8$276K$247K$29K
Other employee benefitsLn 9$155K$139K$16K
Payroll taxesLn 10$43K$39K$5K
Accounting feesLn 11c$82K$44K$38K
Professional fundraising feesLn 11e$525$525
Other fees for servicesLn 11g$5K$5K
Advertising and promotionLn 12$199$199
Office expensesLn 13$7K$7K
Information technologyLn 14$50K$38K$12K
OccupancyLn 16$653K$570K$83K
TravelLn 17$28K$28K
Conferences, conventions and meetingsLn 19$3K$3K
InterestLn 20$241$241
Depreciation, depletion and amortizationLn 22$17K$16K$1K
InsuranceLn 23$31K$31K
Other expenses (24a–d)Ln 24$226K$215K$11K
All other expensesLn 24e$37K$37K
Total functional expensesLn 25$2.9M$2.5M$354K$525

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.2M$4.0M−$761K$469K 990 PDF
FY2024 $3.7M$3.6M$4K$1.2M 990 PDF
FY2023 $3.5M$3.5M−$12K$1.2M 990 PDF
FY2022 Viewing $2.8M$2.9M−$23K$1.2M 990 PDF
FY2021 $2.7M$2.7M$2K$1.3M 990 PDF
FY2020 $2.6M$2.5M$106K$1.3M 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 FY2022 990 (6 parts)
Part I · Summary $2,838,069 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,693,046$2,836,294
I-9 Program service revenue$0
I-10 Investment incomePrior year $2,582$1,775
I-11 Other revenuePrior year $3,549$0
I-12 Total revenuePrior year $2,699,177$2,838,069
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,528,193$1,720,420
I-16a Professional fundraising fees$525
I-17 Other expensesPrior year $1,168,530$1,140,391
I-18 Total expensesPrior year $2,696,723$2,861,336
I-19 Revenue less expensesPrior year $2,454−$23,267
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,838,069 across 7 lines filed
VIII-1c Fundraising events$3,676
VIII-1d Related organizations$78,940
VIII-1e Government grants$2,752,671
VIII-1f All other contributions, gifts and grants$1,007
VIII-1h Total contributions, gifts and grants$2,836,294
VIII-3 Investment incomeRelated to mission $1,775$1,775
VIII-12 Total revenueRelated to mission $1,775 · Unrelated business $0 · Excluded from tax $0$2,838,069
Part IX · Statement of functional expenses $2,861,336 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $93,409 · Management $32,127$125,536
IX-7 Other salaries and wagesPrograms $993,608 · Management $127,212$1,120,820
IX-8 Pension plan contributionsPrograms $247,211 · Management $28,941$276,152
IX-9 Other employee benefitsPrograms $138,612 · Management $16,227$154,839
IX-10 Payroll taxesPrograms $38,559 · Management $4,514$43,073
IX-11c Accounting feesPrograms $44,332 · Management $37,797$82,129
IX-11e Professional fundraising feesFundraising $525$525
IX-11g Other fees for servicesPrograms $4,994$4,994
IX-12 Advertising and promotionPrograms $199$199
IX-13 Office expensesPrograms $7,431$7,431
IX-14 Information technologyPrograms $38,214 · Management $12,081$50,295
IX-16 OccupancyPrograms $570,432 · Management $82,909$653,341
IX-17 TravelPrograms $28,072$28,072
IX-19 Conferences, conventions and meetingsPrograms $3,380$3,380
IX-20 InterestPrograms $241$241
IX-22 Depreciation, depletion and amortizationPrograms $15,503 · Management $1,072$16,575
IX-23 InsurancePrograms $31,439$31,439
IX-24 Other expenses (24a–d)Programs $215,083 · Management $10,694$225,777
IX-24e All other expensesPrograms $36,518$36,518
IX-25 Total functional expensesPrograms $2,507,237 · Management $353,574 · Fundraising $525$2,861,336
Part X · Balance sheet $1,521,109 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $739,321$941,387
X-2 Savings and temporary cash investmentsStart of year $169,588$64,217
X-4 Accounts receivableStart of year $333,763$274,285
X-9 Prepaid expenses and deferred chargesStart of year $66,336$71,866
X-10c Land, buildings and equipment, netStart of year $151,935$135,361
X-15 Other assetsStart of year $33,993$33,993
X-16 Total assetsStart of year $1,494,936$1,521,109
X-17 Accounts payable and accrued expensesStart of year $178,909$126,549
X-19 Deferred revenueStart of year $54,297$156,097
X-26 Total liabilitiesStart of year $233,206$282,646
X-27 Net assets without donor restrictionsStart of year $1,260,813$1,238,463
X-32 Total net assets or fund balancesStart of year $1,261,730$1,238,463
X-33 Total liabilities and net assetsStart of year $1,494,936$1,521,109
Part XI · Reconciliation of net assets $1,238,463 net assets at year end
XI-1 Total revenue$2,838,069
XI-2 Total expenses$2,861,336
XI-3 Revenue less expenses−$23,267
XI-4 Net assets at start of year$1,261,730
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,238,463

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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