Pacoima Charter School FY2022 filing

Tax-deductible

Pacoima, CA501(c)(3)Since 2011EducationEIN 36-4793940Revenue $19.4M in FY2022

On file with the IRSpacoimacharter.org11016 Norris Ave, 91331-2569 · Pacoima, CATax-exempt since Oct 2014School — 170(b)(1)(A)(ii)

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To create an environment that fosters a high quality educational experience for all children. We strive to prepare students for college and career by holding high academic expectations, nurturing positive social-emotional growth, developing strong literacy and steam (science, technology, engineering, arts and mathematics) skills.

501(c)(3) charity; gifts are tax-deductible.
85¢ 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

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
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
3 of 5
filings with a surplus
Average surplus $1.5M a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 3 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
$1.0M
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $9K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$9.5M
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
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
$19.4M
+9% vs prior year
Spent
$17.6M
To programs
85%
Net assets
$21.8M
By yearFY2020–FY2024
Revenue
$19.4M
FY2022▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$17.4M
FY2021$17.9M
FY2022$19.4M
FY2023$23.7M
FY2024$22.0M
FY2024$19.3M
Expenses
$17.6M
FY2022▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$18.2M
FY2021$14.8M
FY2022$17.6M
FY2023$20.4M
FY2024$22.1M
FY2024$19.9M
Net assets
$21.8M
FY2022▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$17.3M
FY2021$21.3M
FY2022$21.8M
FY2023$28.9M
FY2024$29.7M
FY2024$30.0M

From the FY2022 Form 990 (year ending June 2022) · 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: FY2024. IRS ruling in Oct 2014.

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% · $14.9M Management & general 15% · $2.6M Fundraising 0% · $10K

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

18 people listed on the 990; $1.0M 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
Executive Director
$142,712Pt VII · Sec A
Director of Human Resources/Finance
$119,820Pt VII · Sec A
Director of Instruction
$118,191Pt VII · Sec A
Grade Level Coordinator
$115,156Pt VII · Sec A
Director of Operations
$114,282Pt VII · Sec A
Grade Level Coordinator
$110,557Pt VII · Sec A
School Psychologist
$109,330Pt VII · Sec A
Grade Level Coordinator
$108,691Pt VII · Sec A

Sylvia Fajardo’s $221K as Executive Director/Principal is at the 44th 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Sylvia Fajardo$221,265$212,894$180,520$142,712$128,701$125,552
Deonna Williams$186,526$183,149$151,970$118,191$101,857—
Maureen Clarke—$182,057$154,485$119,820$103,626—
Agustin Mena$173,314$177,303$145,014$114,282$104,665—
Juan Nuno$170,109$162,491$132,917———
Ramses Magana$162,674$167,750$142,048$109,330——
Maribel Garcia$166,232—————
Carmen Jauregui$165,494——$106,079—$105,473

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 Pacoima Charter School 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

Operates a public charter school and preschool for young students.

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Provided by the organization

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1 program · $14.9M · in their own filed words · FY2021
01

Public charter elementary school serving approximately 983 students in grades kindergarten to 6TH.

$14.9Mprogram 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
NaturebridgeFY2024$9K
Total grants receivedfrom 1 funder$9K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$19.4M
Ln 12
Gifts and grantsLn 1h$19.2M
Investment incomeLn 3$250K
Money outPt IX
$17.6M
Ln 25
Programscol B$14.9M
Managementcol C$2.6M
Fundraisingcol D$10K
Owns and owesPt X
$21.8M
net assets · Ln 32
Cash and savingsLn 1–2$13.2M
Total assetsLn 16$31.3M
LiabilitiesLn 26$9.5M
PeoplePt VI, VII
18
listed · VII A
PaidVII A9
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$19.2M
Government grantsLn 1e$19.1M
Investment incomeLn 3$250K
Total revenueLn 12$19.4M
Assets in detailPt X, end of year
SavingsLn 2$13.2M
Cash and savings togetherLn 1–2$13.2M
InvestmentsLn 11–13$7.4M
Land, buildings, equipmentLn 10c$7.5M
Total assetsLn 16$31.3M
LiabilitiesLn 26$9.5M
Net assetsLn 32$21.8M
OperationsPt I, VI
EmployeesI 5200
VolunteersI 613
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 FY22End FY22
Cash and savingsLn 1–2$13.8M$13.2M
InvestmentsLn 11–13$6.6M$7.4M
Land, buildings, equipmentLn 10c$7.3M$7.5M
Total assetsLn 16$30.3M$31.3M
LiabilitiesLn 26$9.0M$9.5M
Net assetsLn 32$21.3M$21.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$771K$39K$733K
Other salaries and wagesLn 7$10.3M$9.6M$621K
Pension plan contributionsLn 8$1.3M$1.2M$88K
Other employee benefitsLn 9$1.6M$1.4M$208K
Payroll taxesLn 10$325K$263K$62K
Legal feesLn 11b$19K$19K
Accounting feesLn 11c$17K$17K
Other fees for servicesLn 11g$357K$133K$225K
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$408K$237K$172K
Information technologyLn 14$105K$105K
OccupancyLn 16$690K$543K$146K
Conferences, conventions and meetingsLn 19$5K$5K
Depreciation, depletion and amortizationLn 22$246K$246K
InsuranceLn 23$90K$90K
Other expenses (24a–d)Ln 24$1.2M$1.2M
All other expensesLn 24e$194K$79K$105K$10K
Total functional expensesLn 25$17.6M$14.9M$2.6M$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $22.0M$22.1M−$89K$29.7M 990 PDF
FY2023 $23.7M$20.4M$3.2M$28.9M 990 PDF
FY2022 Viewing $19.4M$17.6M$1.9M$21.8M 990 PDF
FY2021 $17.9M$14.8M$3.0M$21.3M 990 PDF
FY2020 $17.4M$18.2M−$800K$17.3M 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 $19,428,365 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $17,563,018$19,207,099
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $303,165$249,586
I-11 Other revenuePrior year $0−$28,320
I-12 Total revenuePrior year $17,866,183$19,428,365
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 $11,988,688$14,262,907
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,827,957$3,294,468
I-18 Total expensesPrior year $14,816,645$17,557,375
I-19 Revenue less expensesPrior year $3,049,538$1,870,990
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 $19,428,365 across 6 lines filed
VIII-1e Government grants$19,111,842
VIII-1f All other contributions, gifts and grants$95,257
VIII-1h Total contributions, gifts and grants$19,207,099
VIII-3 Investment incomeExcluded from tax $249,586$249,586
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax −$28,320−$28,320
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $221,266$19,428,365
Part IX · Statement of functional expenses $17,557,375 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $38,561 · Management $732,642$771,203
IX-7 Other salaries and wagesPrograms $9,647,568 · Management $621,081$10,268,649
IX-8 Pension plan contributionsPrograms $1,223,810 · Management $87,865$1,311,675
IX-9 Other employee benefitsPrograms $1,378,424 · Management $207,787$1,586,211
IX-10 Payroll taxesPrograms $263,316 · Management $61,853$325,169
IX-11b Legal feesManagement $18,612$18,612
IX-11c Accounting feesManagement $17,230$17,230
IX-11g Other fees for servicesPrograms $132,806 · Management $224,625$357,431
IX-12 Advertising and promotionManagement $10,650$10,650
IX-13 Office expensesPrograms $236,780 · Management $171,612$408,392
IX-14 Information technologyManagement $104,714$104,714
IX-16 OccupancyPrograms $543,072 · Management $146,479$689,551
IX-19 Conferences, conventions and meetingsPrograms $4,997$4,997
IX-22 Depreciation, depletion and amortizationPrograms $245,826$245,826
IX-23 InsuranceManagement $89,578$89,578
IX-24 Other expenses (24a–d)Programs $1,153,484$1,153,484
IX-24e All other expensesPrograms $78,607 · Management $105,294 · Fundraising $10,102$194,003
IX-25 Total functional expensesPrograms $14,947,251 · Management $2,600,022 · Fundraising $10,102$17,557,375
Part X · Balance sheet $31,303,642 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $13,780,341$13,193,054
X-4 Accounts receivableStart of year $2,388,012$2,779,814
X-9 Prepaid expenses and deferred chargesStart of year $257,342$404,861
X-10c Land, buildings and equipment, netStart of year $7,300,206$7,548,081
X-11 Publicly traded securitiesStart of year $6,570,919$7,377,832
X-16 Total assetsStart of year $30,296,820$31,303,642
X-17 Accounts payable and accrued expensesStart of year $992,492$1,940,797
X-19 Deferred revenueStart of year $963,872$1,699,974
X-25 Other liabilitiesStart of year $6,997,845$5,894,459
X-26 Total liabilitiesStart of year $8,954,209$9,535,230
X-27 Net assets without donor restrictionsStart of year $21,342,611$21,768,412
X-32 Total net assets or fund balancesStart of year $21,342,611$21,768,412
X-33 Total liabilities and net assetsStart of year $30,296,820$31,303,642
Part XI · Reconciliation of net assets $21,768,412 net assets at year end
XI-1 Total revenue$19,428,365
XI-2 Total expenses$17,557,375
XI-3 Revenue less expenses$1,870,990
XI-4 Net assets at start of year$21,342,611
XI-5 Net unrealized gains (losses) on investments−$1,445,189
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$21,768,412

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

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