Monarch School 1625 LLC FY2021 filing

Tax-deductible

San Diego, CA501(c)(3)Since 2011EducationEIN 45-4308482Revenue $776K in FY2021

On file with the IRSmonarchschools.org1625 Newton Ave, 92113-1012 · San Diego, CATax-exempt since Mar 2015Supporting org, Type I — 509(a)(3)

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Monarch School 1625, LLC supports Monarch School project in its purchase, development, and operation of a new School to serve unhoused and at risk youth.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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
0 of 6
filings with a surplus
Average deficit $433K a year · 47% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $250
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$113K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$776K
-28% vs prior year
Spent
$1.2M
To programs
98%
Net assets
$19.4M
By yearFY2020–FY2025
Revenue
$776K
FY2021▼ -28%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$776K
FY2022$840K
FY2023$776K
FY2024$1.0M
FY2025$1.0M
Expenses
$1.2M
FY2021▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.2M
FY2022$1.1M
FY2023$1.4M
FY2024$1.7M
FY2025$1.4M
Net assets
$19.4M
FY2021▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$19.9M
FY2021$19.4M
FY2022$19.1M
FY2023$18.5M
FY2024$17.9M
FY2025$17.5M

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. Exemption reinstated (2014-10-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Mar 2015.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $1.2M Management & general 1% · $18K Fundraising 1% · $7K

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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Monarch School 1625 LLC 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 new education facility for approximately 450 students annually.

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Provided by the organization

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1 program · $1.2M · in their own filed words · FY2020
01

Monarch school 1625, LLC supported monarch school project in its purchase and development of a new education facility located at 1625 newton avenue, serving unhoused and at risk youth in the san diego area.

$1.2Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$250
Grants paid · 5 grants · $2.7M · 2020–2024
Monarch School ProjectCA · FY2024$920,480
Monarch School ProjectCA · FY2023$1,179,246
Monarch School ProjectCA · FY2022$120,000
Monarch School ProjectCA · FY2021$240,000
Monarch School ProjectCA · FY2020$240,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$776K
Ln 12
Fees for servicesLn 2g$776K
Investment incomeLn 3$190
Money outPt IX
$1.2M
Ln 25
Programscol B$1.2M
Managementcol C$18K
Fundraisingcol D$7K
Owns and owesPt X
$19.4M
net assets · Ln 32
Cash and savingsLn 1–2$271K
Total assetsLn 16$19.6M
LiabilitiesLn 26$113K
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$776K
Investment incomeLn 3$190
Total revenueLn 12$776K
Assets in detailPt X, end of year
CashLn 1$52K
SavingsLn 2$219K
Cash and savings togetherLn 1–2$271K
Land, buildings, equipmentLn 10c$19.2M
Total assetsLn 16$19.6M
LiabilitiesLn 26$113K
Net assetsLn 32$19.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY21End FY21
Cash and savingsLn 1–2$176K$271K
Land, buildings, equipmentLn 10c$19.7M$19.2M
Total assetsLn 16$19.9M$19.6M
LiabilitiesLn 26$39K$113K
Net assetsLn 32$19.9M$19.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$240K$240K
Office expensesLn 13$34K$33K$625$234
Depreciation, depletion and amortizationLn 22$471K$459K$9K$3K
InsuranceLn 23$63K$61K$1K$433
Other expenses (24a–d)Ln 24$406K$395K$8K$3K
Total functional expensesLn 25$1.2M$1.2M$18K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.0M$1.4M−$372K$17.5M 990 PDF
FY2024 $1.0M$1.7M−$636K$17.9M 990 PDF
FY2023 $776K$1.4M−$596K$18.5M 990 PDF
FY2022 $840K$1.1M−$293K$19.1M 990 PDF
FY2021 Viewing $776K$1.2M−$437K$19.4M 990 PDF
FY2020 $1.1M$1.3M−$261K$19.9M 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 FY2021 990 (6 parts)
Part I · Summary $775,846 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $232,654$0
I-9 Program service revenuePrior year $851,650$775,656
I-10 Investment incomePrior year $111$190
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,084,415$775,846
I-13 Grants and similar amounts paidPrior year $0$240,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,344,978$972,768
I-18 Total expensesPrior year $1,344,978$1,212,768
I-19 Revenue less expensesPrior year −$260,563−$436,922
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
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 $775,846 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $775,656$775,656
VIII-3 Investment incomeExcluded from tax $190$190
VIII-12 Total revenueRelated to mission $775,656 · Unrelated business $0 · Excluded from tax $190$775,846
Part IX · Statement of functional expenses $1,212,768 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $240,000$240,000
IX-13 Office expensesPrograms $32,984 · Management $625 · Fundraising $234$33,843
IX-22 Depreciation, depletion and amortizationPrograms $458,717 · Management $8,707 · Fundraising $3,248$470,672
IX-23 InsurancePrograms $61,107 · Management $1,160 · Fundraising $433$62,700
IX-24 Other expenses (24a–d)Programs $395,253 · Management $7,503 · Fundraising $2,797$405,553
IX-25 Total functional expensesPrograms $1,188,061 · Management $17,995 · Fundraising $6,712$1,212,768
Part X · Balance sheet $19,551,338 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $28,513$52,174
X-2 Savings and temporary cash investmentsStart of year $147,632$218,732
X-9 Prepaid expenses and deferred chargesStart of year $25,160$37,539
X-10c Land, buildings and equipment, netStart of year $19,713,563$19,242,893
X-16 Total assetsStart of year $19,914,868$19,551,338
X-17 Accounts payable and accrued expensesStart of year $24,792$97,112
X-25 Other liabilitiesStart of year $14,647$15,719
X-26 Total liabilitiesStart of year $39,439$112,831
X-27 Net assets without donor restrictionsStart of year $19,875,429$19,438,507
X-32 Total net assets or fund balancesStart of year $19,875,429$19,438,507
X-33 Total liabilities and net assetsStart of year $19,914,868$19,551,338
Part XI · Reconciliation of net assets $19,438,507 net assets at year end
XI-1 Total revenue$775,846
XI-2 Total expenses$1,212,768
XI-3 Revenue less expenses−$436,922
XI-4 Net assets at start of year$19,875,429
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$19,438,507

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

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