Pacoima Charter School FY2023 filing

Tax-deductible

Pacoima, CA501(c)(3)Since 2011EducationEIN 36-4793940

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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.
$1.6M 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

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
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
$1.6M
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 11.6 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
$7.8M
21% of total assets
Looks good: liabilities are 21% 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
$23.7M
+22% vs prior year
Spent
$20.4M
To programs
85%
Net assets
$28.9M
By yearFY2020–FY2024
Revenue
$23.7M
FY2023▲ +22%
Revenue by fiscal year
FY2020$17.4M
FY2021$17.9M
FY2022$19.4M
FY2023$23.7M
FY2024$22.0M
FY2024$19.3M
Expenses
$20.4M
FY2023▲ +16%
Expenses by fiscal year
FY2020$18.2M
FY2021$14.8M
FY2022$17.6M
FY2023$20.4M
FY2024$22.1M
FY2024$19.9M
Net assets
$28.9M
FY2023▲ +33%
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 FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

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% · $17.4M Management & general 15% · $3.1M Fundraising 0% · $15K

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; $1.6M 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
$180,520Pt VII · Sec A
Director of Human Resources/Finance
$154,485Pt VII · Sec A
Director of Instruction
$151,970Pt VII · Sec A
Director of Operations
$145,014Pt VII · Sec A
School Psychologist
$142,048Pt VII · Sec A
$139,267Pt VII · Sec A
$136,777Pt VII · Sec A
Teacher
$132,917Pt 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.

Provided by the organization

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1 program service account for $17.4M of program spending, described in the organization's own filed words · FY2022.
01

Public charter elementary school serving approximately 888 students in grades kindergarten to 6TH.

$17.4Mprogram 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 · FY2024
NaturebridgeFY2024$9K
Total grants receivedfrom 1 funder$9K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$23.7M
Ln 12
Gifts and grantsLn 1h$23.3M
Investment incomeLn 3$360K
Other incomeLn 4–11$19K
Money outPt IX
$20.4M
Ln 25
Programscol B$17.4M
Managementcol C$3.1M
Fundraisingcol D$15K
Owns and owesPt X
$28.9M
net assets · Ln 32
Cash and savingsLn 1–2$19.7M
Total assetsLn 16$36.8M
LiabilitiesLn 26$7.8M
PeoplePt VI, VII
18
listed · VII A
PaidVII A12
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$23.3M
Government grantsLn 1e$23.2M
Investment incomeLn 3$360K
Other incomeLn 4–11$19K
Total revenueLn 12$23.7M
Assets in detailPt X, end of year
SavingsLn 2$19.7M
Cash and savings togetherLn 1–2$19.7M
InvestmentsLn 11–13$8.1M
Land, buildings, equipmentLn 10c$7.5M
Total assetsLn 16$36.8M
LiabilitiesLn 26$7.8M
Net assetsLn 32$28.9M
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 FY23End FY23
Cash and savingsLn 1–2$13.2M$19.7M
InvestmentsLn 11–13$7.4M$8.1M
Land, buildings, equipmentLn 10c$7.5M$7.5M
Total assetsLn 16$31.3M$36.8M
LiabilitiesLn 26$9.5M$7.8M
Net assetsLn 32$21.8M$28.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.3M$66K$1.3M
Other salaries and wagesLn 7$10.9M$10.3M$598K
Pension plan contributionsLn 8$2.7M$2.6M$166K
Other employee benefitsLn 9$1.7M$1.6M$109K
Payroll taxesLn 10$399K$255K$144K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$27K$27K
Other fees for servicesLn 11g$621K$353K$268K
Advertising and promotionLn 12$21K$21K
Office expensesLn 13$291K$147K$144K
Information technologyLn 14$116K$116K
OccupancyLn 16$517K$517K
Conferences, conventions and meetingsLn 19$36K$36K
Depreciation, depletion and amortizationLn 22$289K$289K
InsuranceLn 23$91K$91K
Other expenses (24a–d)Ln 24$332K$332K
All other expensesLn 24e$1.0M$903K$114K$15K
Total functional expensesLn 25$20.4M$17.4M$3.1M$15K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $22.0M$22.1M−$89K$29.7M 990 PDF
FY2023 Viewing $23.7M$20.4M$3.2M$28.9M 990 PDF
FY2022 $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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $23,660,185 across 6 lines filed
VIII-1e Government grants$23,232,257
VIII-1f All other contributions, gifts and grants$48,354
VIII-1h Total contributions, gifts and grants$23,280,611
VIII-3 Investment incomeExcluded from tax $360,431$360,431
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $625 · Excluded from tax $18,518$19,143
VIII-12 Total revenueRelated to mission $625 · Unrelated business $0 · Excluded from tax $378,949$23,660,185
Part IX · Statement of functional expenses $20,432,257 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $66,071 · Management $1,255,291$1,321,362
IX-7 Other salaries and wagesPrograms $10,311,703 · Management $597,612$10,909,315
IX-8 Pension plan contributionsPrograms $2,563,338 · Management $166,378$2,729,716
IX-9 Other employee benefitsPrograms $1,586,539 · Management $108,987$1,695,526
IX-10 Payroll taxesPrograms $255,455 · Management $143,658$399,113
IX-11b Legal feesManagement $3,904$3,904
IX-11c Accounting feesManagement $27,320$27,320
IX-11g Other fees for servicesPrograms $353,281 · Management $267,917$621,198
IX-12 Advertising and promotionManagement $20,531$20,531
IX-13 Office expensesPrograms $147,124 · Management $143,658$290,782
IX-14 Information technologyManagement $116,439$116,439
IX-16 OccupancyPrograms $516,959$516,959
IX-19 Conferences, conventions and meetingsPrograms $36,483$36,483
IX-22 Depreciation, depletion and amortizationPrograms $289,473$289,473
IX-23 InsuranceManagement $90,556$90,556
IX-24 Other expenses (24a–d)Programs $331,739$331,739
IX-24e All other expensesPrograms $902,976 · Management $114,094 · Fundraising $14,771$1,031,841
IX-25 Total functional expensesPrograms $17,361,141 · Management $3,056,345 · Fundraising $14,771$20,432,257
Part X · Balance sheet $36,776,108 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $13,193,054$19,675,655
X-4 Accounts receivableStart of year $2,779,814$994,799
X-9 Prepaid expenses and deferred chargesStart of year $404,861$527,562
X-10c Land, buildings and equipment, netStart of year $7,548,081$7,521,654
X-11 Publicly traded securitiesStart of year $7,377,832$8,056,438
X-16 Total assetsStart of year $31,303,642$36,776,108
X-17 Accounts payable and accrued expensesStart of year $1,940,797$2,096,279
X-19 Deferred revenueStart of year $1,699,974$3,158,451
X-25 Other liabilitiesStart of year $5,894,459$2,579,454
X-26 Total liabilitiesStart of year $9,535,230$7,834,184
X-27 Net assets without donor restrictionsStart of year $21,768,412$28,941,924
X-32 Total net assets or fund balancesStart of year $21,768,412$28,941,924
X-33 Total liabilities and net assetsStart of year $31,303,642$36,776,108
Part XI · Reconciliation of net assets $28,941,924 net assets at year end
XI-1 Total revenue$23,660,185
XI-2 Total expenses$20,432,257
XI-3 Revenue less expenses$3,227,928
XI-4 Net assets at start of year$21,768,412
XI-5 Net unrealized gains (losses) on investments$524,087
XI-9 Other changes in net assets$3,421,497
XI-10 Net assets at end of year$28,941,924

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

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