Excel Academy Charter Schools

Tax-deductible

Irvine, CA501(c)(3)Since 2015EducationEIN 47-4121751

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The school operates free Charter school programs where teachers and parents partner together.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$1.3M 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

FY2025 · 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
4 of 5
filings with a surplus
Average surplus $1.9M a year · 9% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 5% of spending
Top officer’s pay lower than 57% of similar orgs
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.9M
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$25.0M
+9% vs prior year
Spent
$23.0M
To programs
90%
Net assets
$11.7M
By yearFY2020–FY2025
Revenue
$25.0M
FY2025▲ +9%
Revenue by fiscal year
FY2020$18.1M
FY2022$22.9M
FY2023$20.9M
FY2024$22.8M
FY2025$25.0M
Expenses
$23.0M
FY2025▲ +15%
Expenses by fiscal year
FY2020$18.9M
FY2022$19.3M
FY2023$18.9M
FY2024$20.0M
FY2025$23.0M
Net assets
$11.7M
FY2025▲ +20%
Net assets by fiscal year
FY2020$3.3M
FY2022$4.8M
FY2023$6.8M
FY2024$9.7M
FY2025$11.7M

From the FY2025 Form 990 (year ending June 2025) · 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: FY2025. IRS ruling in May 2016.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $20.7M Management & general 10% · $2.3M

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

12 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$216,685Pt VII · Sec A
Director of Business Services
$177,310Pt VII · Sec A
Assistant Dir of Sped
$172,108Pt VII · Sec A
Director of Operations
$169,461Pt VII · Sec A
School Psychologist
$160,857Pt VII · Sec A
Director of Op/Accountability
$157,019Pt VII · Sec A
Speech and Language Pathologist
$148,341Pt VII · Sec A
$13,723Pt VII · Sec A

Heidi M Gasca’s $217K as Executive Director is at the 43rd 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

NameFY2025FY2024FY2023FY2022FY2020
Heidi M Gasca$216,685————
Heidi Gasca—$213,340$192,145$180,767$160,940
Claudio Sorrera$177,310$173,882———
Lara C Ulmer$172,108$166,981$149,961$135,539—
Keri Schneeweiss—$169,779$152,640$144,355$120,479
Keri a Schneeweiss$169,461————
Noell Scott$160,857————
Jennifer Craig$157,019$139,893$126,234$110,004$108,237

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

Operates free charter schools, fostering teacher-parent partnerships.

Provided by the organization

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1 program service account for $20.7M of program spending, described in the organization's own filed words · FY2024.
01

Offering an independent study personalized learning model for students in grades TK-12. Allowing parents to select a wide variety of educational resources and materials from approved content and community providers using state instructional fund. The organization served approximately 1,710 students.

$20.7Mprogram 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 · FY2023
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$25.0M
Ln 12
Gifts and grantsLn 1h$24.6M
Investment incomeLn 3$417K
Other incomeLn 4–11$2K
Money outPt IX
$23.0M
Ln 25
Programscol B$20.7M
Managementcol C$2.3M
Owns and owesPt X
$11.7M
net assets · Ln 32
Cash and savingsLn 1–2$7.0M
Total assetsLn 16$13.6M
LiabilitiesLn 26$1.9M
PeoplePt VI, VII
12
listed · VII A
PaidVII A12
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$24.6M
Government grantsLn 1e$24.6M
Investment incomeLn 3$417K
Other incomeLn 4–11$2K
Total revenueLn 12$25.0M
Assets in detailPt X, end of year
CashLn 1$1.5M
SavingsLn 2$5.6M
Cash and savings togetherLn 1–2$7.0M
InvestmentsLn 11–13$3.5M
Other assetsLn 15$108K
Total assetsLn 16$13.6M
LiabilitiesLn 26$1.9M
Net assetsLn 32$11.7M
OperationsPt I, VI
EmployeesI 5144
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 FY25End FY25
Cash and savingsLn 1–2$7.3M$7.0M
InvestmentsLn 11–13$3.1M$3.5M
Total assetsLn 16$12.5M$13.6M
LiabilitiesLn 26$2.8M$1.9M
Net assetsLn 32$9.7M$11.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$532K$422K$111K
Other salaries and wagesLn 7$11.3M$10.5M$728K
Pension plan contributionsLn 8$1.7M$1.7M
Other employee benefitsLn 9$1.4M$1.3M$123K
Payroll taxesLn 10$271K$211K$60K
Management feesLn 11a$170K$170K
Legal feesLn 11b$271K$271K
Accounting feesLn 11c$58K$55K$3K
Other fees for servicesLn 11g$3.0M$3.0M
Advertising and promotionLn 12$18K$13K$5K
Office expensesLn 13$293K$293K
Information technologyLn 14$342K$254K$88K
OccupancyLn 16$275K$193K$83K
TravelLn 17$172K$148K$24K
InterestLn 20$415$415
InsuranceLn 23$87K$4K$82K
Other expenses (24a–d)Ln 24$3.0M$2.8M$162K
All other expensesLn 24e$204K$124K$80K
Total functional expensesLn 25$23.0M$20.7M$2.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $25.0M$23.0M$2.0M$11.7M 990 PDF
FY2024 $22.8M$20.0M$2.9M$9.7M 990 PDF
FY2023 $20.9M$18.9M$2.0M$6.8M 990 PDF
FY2022 $22.9M$19.3M$3.7M$4.8M 990 PDF
FY2021 Not on file
FY2020 $18.1M$18.9M−$829K$3.3M 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $24,998,444 across 5 lines filed
VIII-1e Government grants$24,579,743
VIII-1h Total contributions, gifts and grants$24,579,743
VIII-3 Investment incomeExcluded from tax $416,843$416,843
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,858$1,858
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $418,701$24,998,444
Part IX · Statement of functional expenses $23,014,012 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $421,685 · Management $110,715$532,400
IX-7 Other salaries and wagesPrograms $10,533,067 · Management $727,577$11,260,644
IX-8 Pension plan contributionsPrograms $1,681,241$1,681,241
IX-9 Other employee benefitsPrograms $1,255,585 · Management $122,774$1,378,359
IX-10 Payroll taxesPrograms $211,409 · Management $59,628$271,037
IX-11a Management feesManagement $170,017$170,017
IX-11b Legal feesManagement $271,271$271,271
IX-11c Accounting feesPrograms $54,763 · Management $2,882$57,645
IX-11g Other fees for servicesPrograms $3,044,460$3,044,460
IX-12 Advertising and promotionPrograms $13,136 · Management $4,858$17,994
IX-13 Office expensesManagement $293,465$293,465
IX-14 Information technologyPrograms $253,977 · Management $87,524$341,501
IX-16 OccupancyPrograms $192,787 · Management $82,623$275,410
IX-17 TravelPrograms $147,989 · Management $24,091$172,080
IX-20 InterestPrograms $415$415
IX-23 InsurancePrograms $4,339 · Management $82,441$86,780
IX-24 Other expenses (24a–d)Programs $2,792,739 · Management $162,127$2,954,866
IX-24e All other expensesPrograms $124,347 · Management $80,080$204,427
IX-25 Total functional expensesPrograms $20,731,939 · Management $2,282,073 · Fundraising $0$23,014,012
Part X · Balance sheet $13,606,357 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $252,159$1,455,990
X-2 Savings and temporary cash investmentsStart of year $7,049,525$5,555,044
X-4 Accounts receivableStart of year $1,825,320$2,827,484
X-9 Prepaid expenses and deferred chargesStart of year $173,127$134,523
X-12 Other securitiesStart of year $3,065,232$3,524,863
X-15 Other assetsStart of year $133,967$108,453
X-16 Total assetsStart of year $12,499,330$13,606,357
X-17 Accounts payable and accrued expensesStart of year $535,211$641,224
X-19 Deferred revenueStart of year $2,147,988$1,189,683
X-25 Other liabilitiesStart of year $135,068$109,955
X-26 Total liabilitiesStart of year $2,818,267$1,940,862
X-27 Net assets without donor restrictionsStart of year $9,681,063$11,665,495
X-32 Total net assets or fund balancesStart of year $9,681,063$11,665,495
X-33 Total liabilities and net assetsStart of year $12,499,330$13,606,357
Part XI · Reconciliation of net assets $11,665,495 net assets at year end
XI-1 Total revenue$24,998,444
XI-2 Total expenses$23,014,012
XI-3 Revenue less expenses$1,984,432
XI-4 Net assets at start of year$9,681,063
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$11,665,495

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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