To provide a university-inspired pathway of success while closing the achievement gap for all students, including foster youth and those underserved.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$734K 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

FY2020 · 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 $1.6M a year · 6% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$734K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.1M
59% of total assets
Fine: liabilities are 59% of assets; 50% to 65%.
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
$15.0M
Spent
$15.4M
To programs
76%
Net assets
$2.1M
By yearFY2020–FY2025
Revenue
$15.0M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$15.0M
FY2021$19.3M
FY2022$21.9M
FY2023$31.4M
FY2024$36.1M
FY2025$35.0M
Expenses
$15.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$15.4M
FY2021$14.6M
FY2022$20.1M
FY2023$29.7M
FY2024$34.5M
FY2025$34.9M
Net assets
$2.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1M
FY2021$6.8M
FY2022$8.7M
FY2023$10.5M
FY2024$12.1M
FY2025$12.3M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Dec 2015.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $11.7M Management & general 24% · $3.8M

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

11 people listed on the 990; $734K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Co-Founder and Executive D
$180,583Pt VII · Sec A
Co-Founder and Chief Opera
$180,375Pt VII · Sec A
Chief Academic Officer
$158,750Pt VII · Sec A
$112,292Pt VII · Sec A
Lead Psychologist
$101,608Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Jason Watts’s $258K as Co-Founder & Executive Dir is at the 55th 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jason Watts$257,930$229,662$246,375$222,347$203,125$180,375
Andrew Crowe$239,432$203,481$205,537$197,750$182,292$158,750
Senator Gloria Romero———$80,625$234,375$180,583
Sarah Schoenfeld-Nakamoto$196,157$133,667$144,637$128,011——
Nicholas Sessions$191,365—————
Taylor Ellis$181,846$145,134$137,025$127,834——
Allison Vann$175,741—————
Kristen D Crowe$175,563$140,373$126,875———

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

Empowering students with a university-inspired path to success.

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Provided by the organization

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1 program · $11.7M · in their own filed words · FY2019
01

Operating three public charter schools serving about 1,072 students from kindergarten through 8TH grade for 180 instructional days.

$11.7Mprogram 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
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$15.0M
Ln 12
Gifts and grantsLn 1h$14.8M
Fees for servicesLn 2g$121K
Other incomeLn 4–11$12K
Money outPt IX
$15.4M
Ln 25
Programscol B$11.7M
Managementcol C$3.8M
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$5.2M
LiabilitiesLn 26$3.1M
PeoplePt VI, VII
11
listed · VII A
PaidVII A5
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$14.8M
Government grantsLn 1e$14.8M
Fees for servicesLn 2g$121K
Investment incomeLn 3$11K
Other incomeLn 4–11$12K
Total revenueLn 12$15.0M
Assets in detailPt X, end of year
CashLn 1$1.5M
SavingsLn 2$242K
Cash and savings togetherLn 1–2$1.8M
Land, buildings, equipmentLn 10c$986K
Total assetsLn 16$5.2M
LiabilitiesLn 26$3.1M
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 5323
VolunteersI 6432
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 FY20End FY20
Cash and savingsLn 1–2$1.8M$1.8M
Land, buildings, equipmentLn 10c$447K$986K
Total assetsLn 16$3.5M$5.2M
LiabilitiesLn 26$890K$3.1M
Net assetsLn 32$2.6M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$570K$456K$114K
Other salaries and wagesLn 7$6.9M$6.7M$206K
Pension plan contributionsLn 8$1.3M$1.1M$154K
Other employee benefitsLn 9$774K$718K$57K
Payroll taxesLn 10$266K$222K$44K
Management feesLn 11a$431K$106K$325K
Legal feesLn 11b$295K$42K$253K
Accounting feesLn 11c$17K$17K
Other fees for servicesLn 11g$893K$702K$190K
Advertising and promotionLn 12$8K$2K$6K
Office expensesLn 13$797K$292K$506K
Information technologyLn 14$31K$9K$22K
OccupancyLn 16$1.6M$20K$1.5M
TravelLn 17$100K$61K$39K
InterestLn 20$59K$52K$7K
Depreciation, depletion and amortizationLn 22$170K$170K
InsuranceLn 23$70K$70K
Other expenses (24a–d)Ln 24$1.2M$1.0M$201K
Total functional expensesLn 25$15.4M$11.7M$3.8M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $35.0M$34.9M$84K$12.3M 990 PDF
FY2024 $36.1M$34.5M$1.7M$12.1M 990 PDF
FY2023 $31.4M$29.7M$1.8M$10.5M 990 PDF
FY2022 $21.9M$20.1M$1.9M$8.7M 990 PDF
FY2021 $19.3M$14.6M$4.7M$6.8M 990 PDF
FY2020 Viewing $15.0M$15.4M−$462K$2.1M 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 J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $14,963,960 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,198,882$14,819,918
I-9 Program service revenuePrior year $42,544$121,330
I-10 Investment incomePrior year $4,086$10,689
I-11 Other revenuePrior year $14,946$12,023
I-12 Total revenuePrior year $9,260,458$14,963,960
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 $5,274,434$9,787,160
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,314,403$5,638,366
I-18 Total expensesPrior year $8,588,837$15,425,526
I-19 Revenue less expensesPrior year $671,621−$461,566
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $14,963,960 across 7 lines filed
VIII-1e Government grants$14,787,109
VIII-1f All other contributions, gifts and grants$32,809
VIII-1h Total contributions, gifts and grants$14,819,918
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $121,330$121,330
VIII-3 Investment incomeExcluded from tax $10,689$10,689
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $12,023$12,023
VIII-12 Total revenueRelated to mission $121,330 · Unrelated business $0 · Excluded from tax $22,712$14,963,960
Part IX · Statement of functional expenses $15,425,526 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $456,386 · Management $114,096$570,482
IX-7 Other salaries and wagesPrograms $6,693,021 · Management $206,353$6,899,374
IX-8 Pension plan contributionsPrograms $1,122,388 · Management $154,380$1,276,768
IX-9 Other employee benefitsPrograms $717,550 · Management $56,926$774,476
IX-10 Payroll taxesPrograms $221,667 · Management $44,393$266,060
IX-11a Management feesPrograms $106,222 · Management $325,089$431,311
IX-11b Legal feesPrograms $41,615 · Management $252,957$294,572
IX-11c Accounting feesManagement $16,926$16,926
IX-11g Other fees for servicesPrograms $702,416 · Management $190,290$892,706
IX-12 Advertising and promotionPrograms $1,846 · Management $5,713$7,559
IX-13 Office expensesPrograms $291,792 · Management $505,603$797,395
IX-14 Information technologyPrograms $9,379 · Management $21,741$31,120
IX-16 OccupancyPrograms $19,617 · Management $1,539,585$1,559,202
IX-17 TravelPrograms $60,932 · Management $38,861$99,793
IX-20 InterestPrograms $51,809 · Management $6,864$58,673
IX-22 Depreciation, depletion and amortizationPrograms $169,924$169,924
IX-23 InsuranceManagement $70,011$70,011
IX-24 Other expenses (24a–d)Programs $1,008,256 · Management $200,918$1,209,174
IX-25 Total functional expensesPrograms $11,674,820 · Management $3,750,706 · Fundraising $0$15,425,526
Part X · Balance sheet $5,208,729 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $965,930$1,518,245
X-2 Savings and temporary cash investmentsStart of year $836,329$241,786
X-4 Accounts receivableStart of year $806,233$2,045,340
X-9 Prepaid expenses and deferred chargesStart of year $439,150$417,304
X-10c Land, buildings and equipment, netStart of year $447,041$986,054
X-16 Total assetsStart of year $3,494,683$5,208,729
X-17 Accounts payable and accrued expensesStart of year $490,852$667,244
X-19 Deferred revenue$181,556
X-24 Unsecured notes and loans payableStart of year $399,602$2,217,266
X-26 Total liabilitiesStart of year $890,454$3,066,066
X-27 Net assets without donor restrictionsStart of year $2,582,349$2,131,897
X-28 Net assets with donor restrictionsStart of year $21,880$10,766
X-32 Total net assets or fund balancesStart of year $2,604,229$2,142,663
X-33 Total liabilities and net assetsStart of year $3,494,683$5,208,729
Part XI · Reconciliation of net assets $2,142,663 net assets at year end
XI-1 Total revenue$14,963,960
XI-2 Total expenses$15,425,526
XI-3 Revenue less expenses−$461,566
XI-4 Net assets at start of year$2,604,229
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,142,663

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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