Excelsior provides students with a fully accredited, self-directed learning program that enables students in grades 7-12 to develop, execute and achieve a strong vision for their future. Excelsior's nonclassroom based model combines independent self-study with supplemental, on-site resources to give students a balance of autonomy, guidance and support to ensure their success. The focus of excelsior is to provide a motivating, challenging and safe learning opportunity that will prepare students not just for graduation, but also for careers and lifelong success.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$132K 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

FY2021 · 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
5 of 6
filings with a surplus
Average surplus $78K a year · 4% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$132K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$686K
73% of total assets
Worth a look: liabilities are 73% of assets; over 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
$1.5M
+17% vs prior year
Spent
$1.4M
To programs
81%
Net assets
$249K
By yearFY2020–FY2025
Revenue
$1.5M
FY2021▲ +17%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$1.5M
FY2022$1.5M
FY2023$2.0M
FY2024$2.3M
FY2025$2.3M
Expenses
$1.4M
FY2021▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.4M
FY2022$1.5M
FY2023$1.9M
FY2024$2.3M
FY2025$2.1M
Net assets
$249K
FY2021▲ +125%
Tap a bar for its year
Net assets by fiscal year
FY2020$111K
FY2021$249K
FY2022$270K
FY2023$390K
FY2024$364K
FY2025$552K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Nov 2018.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $1.1M Management & general 19% · $271K

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

9 people listed on the 990; $132K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Principal
$122,216Pt VII · Sec A
Secretary/Treasurer
$3,200Pt VII · Sec A
$3,200Pt VII · Sec A
$3,200Pt VII · Sec A
Asst. Supt. of Student Ser
$0Pt VII · Sec A
Former Supt.
$0Pt VII · Sec A
Superintendent
$0Pt VII · Sec A
Chief Operating Officer
$0Pt VII · Sec A

Dave Schlesinger’s $4K as Member is at the 2nd 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Henry Herreras—$141,041$142,185———
Brian Lamers————$122,216$114,040
Terrance Stone$3,200$2,400$2,400$4,000$3,200$2,800
Navid McCarthy$3,200$2,400$3,200$4,000$3,200$2,800
Dave Schlesinger$4,000$3,600$3,200———
Julie Herron Leprince$3,200$3,200————
Chris Mollenkamp—$3,200$2,800$800——
Guy Burnett——$2,800$2,400$3,200$3,200

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

Operates a K-12 public charter school.

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2020
01

Operation of a Public Charter School

Excelsior charter school corona-norco. The charter serves grades 7 to 12 with nonclassroom-based instruction and is authorized by the riverside county office of education.

$1.1Mprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.5M
Other incomeLn 4–11$28K
Investment incomeLn 3$2K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.1M
Managementcol C$271K
Owns and owesPt X
$249K
net assets · Ln 32
Cash and savingsLn 1–2$473K
Total assetsLn 16$935K
LiabilitiesLn 26$686K
PeoplePt VI, VII
9
listed · VII A
PaidVII A4
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Government grantsLn 1e$1.5M
Investment incomeLn 3$2K
Other incomeLn 4–11$28K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
SavingsLn 2$473K
Cash and savings togetherLn 1–2$473K
Land, buildings, equipmentLn 10c$104K
Total assetsLn 16$935K
LiabilitiesLn 26$686K
Net assetsLn 32$249K
OperationsPt I, VI
EmployeesI 524
VolunteersI 60
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 FY21End FY21
Cash and savingsLn 1–2$216K$473K
Land, buildings, equipmentLn 10c$116K$104K
Total assetsLn 16$728K$935K
LiabilitiesLn 26$618K$686K
Net assetsLn 32$111K$249K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$11K$11K
Other salaries and wagesLn 7$447K$447K
Pension plan contributionsLn 8$110K$110K
Other employee benefitsLn 9$106K$105K$800
Payroll taxesLn 10$13K$12K$959
Management feesLn 11a$119K$104K$15K
Other fees for servicesLn 11g$75K$75K
Office expensesLn 13$34K$2K$32K
OccupancyLn 16$198K$30K$167K
TravelLn 17$895$895
Depreciation, depletion and amortizationLn 22$12K$12K
InsuranceLn 23$25K$2K$22K
Other expenses (24a–d)Ln 24$259K$249K$9K
Total functional expensesLn 25$1.4M$1.1M$271K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.3M$2.1M$188K$552K 990 PDF
FY2024 $2.3M$2.3M−$26K$364K 990 PDF
FY2023 $2.0M$1.9M$120K$390K 990 PDF
FY2022 $1.5M$1.5M$21K$270K 990 PDF
FY2021 Viewing $1.5M$1.4M$138K$249K 990 PDF
FY2020 $1.3M$1.3M$29K$111K 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 O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $1,546,173 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,317,467$1,516,555
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $3,242$1,808
I-11 Other revenuePrior year $4,467$27,810
I-12 Total revenuePrior year $1,325,176$1,546,173
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 $709,497$686,750
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $586,954$721,262
I-18 Total expensesPrior year $1,296,451$1,408,012
I-19 Revenue less expensesPrior year $28,725$138,161
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $1,546,173 across 5 lines filed
VIII-1e Government grants$1,516,555
VIII-1h Total contributions, gifts and grants$1,516,555
VIII-3 Investment incomeExcluded from tax $1,808$1,808
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $21,318 · Excluded from tax $6,492$27,810
VIII-12 Total revenueRelated to mission $21,318 · Unrelated business $0 · Excluded from tax $8,300$1,546,173
Part IX · Statement of functional expenses $1,408,012 across 13 lines filed
IX-5 Pay of current officers, directors and key staffManagement $10,800$10,800
IX-7 Other salaries and wagesPrograms $446,939$446,939
IX-8 Pension plan contributionsPrograms $109,691$109,691
IX-9 Other employee benefitsPrograms $105,088 · Management $800$105,888
IX-10 Payroll taxesPrograms $12,473 · Management $959$13,432
IX-11a Management feesPrograms $103,561 · Management $15,431$118,992
IX-11g Other fees for servicesPrograms $74,502$74,502
IX-13 Office expensesPrograms $1,781 · Management $32,425$34,206
IX-16 OccupancyPrograms $30,376 · Management $167,254$197,630
IX-17 TravelPrograms $895$895
IX-22 Depreciation, depletion and amortizationManagement $11,550$11,550
IX-23 InsurancePrograms $2,497 · Management $22,475$24,972
IX-24 Other expenses (24a–d)Programs $249,288 · Management $9,227$258,515
IX-25 Total functional expensesPrograms $1,137,091 · Management $270,921 · Fundraising $0$1,408,012
Part X · Balance sheet $935,092 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $216,241$472,604
X-4 Accounts receivableStart of year $396,469$358,538
X-9 Prepaid expenses and deferred chargesStart of year $225$0
X-10c Land, buildings and equipment, netStart of year $115,500$103,950
X-16 Total assetsStart of year $728,435$935,092
X-17 Accounts payable and accrued expensesStart of year $480,179$679,804
X-19 Deferred revenue$6,353
X-24 Unsecured notes and loans payableStart of year $137,482$0
X-26 Total liabilitiesStart of year $617,661$686,157
X-27 Net assets without donor restrictionsStart of year $110,774$248,935
X-32 Total net assets or fund balancesStart of year $110,774$248,935
X-33 Total liabilities and net assetsStart of year $728,435$935,092
Part XI · Reconciliation of net assets $248,935 net assets at year end
XI-1 Total revenue$1,546,173
XI-2 Total expenses$1,408,012
XI-3 Revenue less expenses$138,161
XI-4 Net assets at start of year$110,774
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$248,935

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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