Pacoima Charter School FY2024 filing

Tax-deductible

Pacoima, CA501(c)(3)Since 2011EducationEIN 36-4793940Revenue $22.0M in FY2024

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.
$1.6M 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

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
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 · 7% of spending
Looks good: pay to officers and key staff is 7% 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
$7.2M
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$22.0M
-7% vs prior year
Spent
$22.1M
To programs
85%
Net assets
$29.7M
By yearFY2020–FY2024
Revenue
$22.0M
FY2024▼ -7%
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
$22.1M
FY2024▲ +8%
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
$29.7M
FY2024▲ +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 FY2024 Form 990 (year ending June 2024) · 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% · $18.8M Management & general 15% · $3.3M

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

15 people listed on the 990; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director/Principal
$212,894Pt VII · Sec A
Director of Instruction
$183,149Pt VII · Sec A
Director of HR/Finance
$182,057Pt VII · Sec A
Director of Operations
$177,303Pt VII · Sec A
School Psychologist
$167,750Pt VII · Sec A
School Facilitator
$162,491Pt VII · Sec A
Eld Teacher
$161,553Pt VII · Sec A
Grade Level Coordinator
$159,492Pt 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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2 programs · $18.8M · in their own filed words · FY2023
01

Operation of a public charter school, pacoima charter elementary, authorized by los angeles unified school district. The charter school serves students in transitional kindergarten (TK) through grade 6.

$17.7Mprogram expense
02

Operation of a state preschool, pacoima charter state preschool. It is a part of a statewide preschool program, funded by the california department of education called the california state preschool program (CSPP).

$1.1Mprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$22.0M
Ln 12
Gifts and grantsLn 1h$21.1M
Investment incomeLn 3$808K
Other incomeLn 4–11$72K
Money outPt IX
$22.1M
Ln 25
Programscol B$18.8M
Managementcol C$3.3M
Owns and owesPt X
$29.7M
net assets · Ln 32
Cash and savingsLn 1–2$16.5M
Total assetsLn 16$36.9M
LiabilitiesLn 26$7.2M
PeoplePt VI, VII
15
listed · VII A
PaidVII A9
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$21.1M
Government grantsLn 1e$21.1M
Investment incomeLn 3$808K
Other incomeLn 4–11$72K
Total revenueLn 12$22.0M
Assets in detailPt X, end of year
SavingsLn 2$16.5M
Cash and savings togetherLn 1–2$16.5M
InvestmentsLn 11–13$12.1M
Land, buildings, equipmentLn 10c$7.2M
Total assetsLn 16$36.9M
LiabilitiesLn 26$7.2M
Net assetsLn 32$29.7M
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 FY24End FY24
Cash and savingsLn 1–2$19.7M$16.5M
InvestmentsLn 11–13$8.1M$12.1M
Land, buildings, equipmentLn 10c$7.5M$7.2M
Total assetsLn 16$36.8M$36.9M
LiabilitiesLn 26$7.8M$7.2M
Net assetsLn 32$28.9M$29.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$372K$153K$219K
Other salaries and wagesLn 7$12.3M$10.9M$1.4M
Pension plan contributionsLn 8$3.0M$2.7M$335K
Other employee benefitsLn 9$2.4M$2.1M$306K
Payroll taxesLn 10$368K$279K$89K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$221K$221K
Other fees for servicesLn 11g$561K$362K$199K
Advertising and promotionLn 12$25K$25K
Office expensesLn 13$71K$71K
Information technologyLn 14$97K$97K
OccupancyLn 16$580K$505K$75K
TravelLn 17$127K$127K
Conferences, conventions and meetingsLn 19$37K$37K
InterestLn 20$76$76
Depreciation, depletion and amortizationLn 22$302K$280K$21K
InsuranceLn 23$131K$131K
Other expenses (24a–d)Ln 24$1.4M$1.3M$89K
Total functional expensesLn 25$22.1M$18.8M$3.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $22.0M$22.1M−$89K$29.7M 990 PDF
FY2023 $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 FY2024 990 (6 parts)
Part I · Summary $21,986,007 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $23,280,611$21,106,016
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $360,431$807,925
I-11 Other revenuePrior year $19,143$72,066
I-12 Total revenuePrior year $23,660,185$21,986,007
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 $17,055,032$18,480,604
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,377,225$3,594,145
I-18 Total expensesPrior year $20,432,257$22,074,749
I-19 Revenue less expensesPrior year $3,227,928−$88,742
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $21,986,007 across 8 lines filed
VIII-1e Government grants$21,070,616
VIII-1f All other contributions, gifts and grants$35,400
VIII-1h Total contributions, gifts and grants$21,106,016
VIII-3 Investment incomeExcluded from tax $807,925$807,925
VIII-6 Net rental income or lossExcluded from tax $37,500$37,500
VIII-8 Net income from fundraising eventsExcluded from tax $15,303$15,303
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $19,263$19,263
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $879,991$21,986,007
Part IX · Statement of functional expenses $22,074,749 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $152,957 · Management $219,267$372,224
IX-7 Other salaries and wagesPrograms $10,928,872 · Management $1,375,056$12,303,928
IX-8 Pension plan contributionsPrograms $2,667,615 · Management $335,076$3,002,691
IX-9 Other employee benefitsPrograms $2,127,236 · Management $306,486$2,433,722
IX-10 Payroll taxesPrograms $278,977 · Management $89,062$368,039
IX-11b Legal feesManagement $5,595$5,595
IX-11c Accounting feesManagement $221,291$221,291
IX-11g Other fees for servicesPrograms $361,950 · Management $198,817$560,767
IX-12 Advertising and promotionManagement $24,835$24,835
IX-13 Office expensesManagement $71,078$71,078
IX-14 Information technologyManagement $96,883$96,883
IX-16 OccupancyPrograms $504,717 · Management $74,993$579,710
IX-17 TravelPrograms $127,267$127,267
IX-19 Conferences, conventions and meetingsPrograms $37,182$37,182
IX-20 InterestManagement $76$76
IX-22 Depreciation, depletion and amortizationPrograms $280,202 · Management $21,434$301,636
IX-23 InsuranceManagement $131,222$131,222
IX-24 Other expenses (24a–d)Programs $1,347,590 · Management $89,013$1,436,603
IX-25 Total functional expensesPrograms $18,814,565 · Management $3,260,184 · Fundraising $0$22,074,749
Part X · Balance sheet $36,860,480 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $19,675,655$16,477,694
X-4 Accounts receivableStart of year $994,799$680,136
X-9 Prepaid expenses and deferred chargesStart of year $527,562$358,888
X-10c Land, buildings and equipment, netStart of year $7,521,654$7,234,902
X-11 Publicly traded securitiesStart of year $8,056,438$12,108,860
X-16 Total assetsStart of year $36,776,108$36,860,480
X-17 Accounts payable and accrued expensesStart of year $2,096,279$1,987,487
X-19 Deferred revenueStart of year $3,158,451$2,316,288
X-25 Other liabilitiesStart of year $2,579,454$2,903,195
X-26 Total liabilitiesStart of year $7,834,184$7,206,970
X-27 Net assets without donor restrictionsStart of year $28,941,924$29,653,510
X-32 Total net assets or fund balancesStart of year $28,941,924$29,653,510
X-33 Total liabilities and net assetsStart of year $36,776,108$36,860,480
Part XI · Reconciliation of net assets $29,653,510 net assets at year end
XI-1 Total revenue$21,986,007
XI-2 Total expenses$22,074,749
XI-3 Revenue less expenses−$88,742
XI-4 Net assets at start of year$28,941,924
XI-5 Net unrealized gains (losses) on investments$800,328
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$29,653,510

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

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