Larchmont Schools

Tax-deductible

Los Angeles, CA501(c)(3)Since 2005EducationEIN 57-1206928

The mission of larchmont charter school is to provide a socio-economically, culturally and racially diverse community of students with an exceptional public education. We foster creativity and academic excellence; our students learn with and from each other in an experience-centered, inquiry-based learning environment. With participation from our entire community, we strive to instill in each student a dedication to improving the world we inhabit.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 50 volunteers and 390 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
5 of 5
filings with a surplus
Average surplus $819K a year · 3% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.0M
to officers and key staff · 3% of spending
Top officer’s pay lower than 60% of similar orgs
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $426K
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$25.2M
76% of total assets
Worth a look: liabilities are 76% of assets; over 65%.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$30.3M
+0.4% vs prior year
Spent
$30.0M
To programs
84%
Net assets
$8.1M
By yearFY2020–FY2024
Revenue
$30.3M
FY2024+0.4%
Revenue by fiscal year
FY2020$20.8M
FY2021$21.3M
FY2022$28.4M
FY2023$30.2M
FY2024$30.1M
FY2024$30.3M
Expenses
$30.0M
FY2024-0.4%
Expenses by fiscal year
FY2020$20.6M
FY2021$20.9M
FY2022$25.9M
FY2023$29.2M
FY2024$30.1M
FY2024$30.0M
Net assets
$8.1M
FY2024▲ +4%
Net assets by fiscal year
FY2020$3.9M
FY2021$4.3M
FY2022$6.7M
FY2023$7.7M
FY2024$7.8M
FY2024$8.1M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2005.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $25.2M Management & general 16% · $4.8M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

19 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$207,154Pt VII · Sec A
Deputy Executive Director
$165,352Pt VII · Sec A
$135,868Pt VII · Sec A
Principal
$130,749Pt VII · Sec A
Principal
$129,249Pt VII · Sec A
Asst. Principal
$121,924Pt VII · Sec A
Director of Alignment & Growth
$120,695Pt VII · Sec A
$0Pt VII · Sec A

Amy Held’s $207K as Executive Director is at the 40th 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
Amy Held$207,154$208,796$199,767$185,515$180,686$186,876
Myra Salinas$165,352$158,085$138,062$124,521$120,117—
Mersedeh Emrani$135,868$137,174$122,648$110,570$104,727—
Eva Orozco$129,249$131,352$114,042———
Mike Kang$130,749$128,838$119,011$109,177$102,459—
Greg Colleton$121,924$120,608————
Charles Seo$120,695—————
Lori Lausche—$119,828—$100,659——

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 Larchmont Schools 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 free public charter school in Los Angeles for grades TK-12.

Provided by the organization

This section is blank until Larchmont Schools claims this page.

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1 program service account for $25.2M of program spending, described in the organization's own filed words · FY2024.
01

Larchmont charter school is a free public school, grades TK - 12, based in los angeles, california. Our school has established itself as one of the top performing public schools in L.A. Unique among public charter networks in our focus on racial, ethnic, and socio-economic diversity, larchmont charter school aims to provide a richly…

$25.2Mprogram 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
See all 11 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$30.3M
Ln 12
Gifts and grantsLn 1h$29.7M
Fees for servicesLn 2g$407K
Investment incomeLn 3$94K
Money outPt IX
$30.0M
Ln 25
Programscol B$25.2M
Managementcol C$4.8M
Owns and owesPt X
$8.1M
net assets · Ln 32
Cash and savingsLn 1–2$5.5M
Total assetsLn 16$33.3M
LiabilitiesLn 26$25.2M
PeoplePt VI, VII
19
listed · VII A
PaidVII A7
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$29.7M
Government grantsLn 1e$27.5M
Fundraising eventsLn 1c$264K
Fees for servicesLn 2g$407K
Investment incomeLn 3$94K
Other incomeLn 4–11$32K
Total revenueLn 12$30.3M
Assets in detailPt X, end of year
CashLn 1$748K
SavingsLn 2$4.8M
Cash and savings togetherLn 1–2$5.5M
InvestmentsLn 11–13$3.7M
Land, buildings, equipmentLn 10c$1.7M
Other assetsLn 15$17.7M
Total assetsLn 16$33.3M
LiabilitiesLn 26$25.2M
Net assetsLn 32$8.1M
OperationsPt I, VI
EmployeesI 5390
VolunteersI 650
Fiscal year endsHeaderDecember
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$4.7M$5.5M
InvestmentsLn 11–13$2.6M$3.7M
Land, buildings, equipmentLn 10c$1.7M$1.7M
Total assetsLn 16$33.2M$33.3M
LiabilitiesLn 26$25.4M$25.2M
Net assetsLn 32$7.8M$8.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$212K$212K
Other salaries and wagesLn 7$16.4M$14.4M$1.9M
Pension plan contributionsLn 8$2.2M$2.2M
Other employee benefitsLn 9$2.2M$1.9M$271K
Payroll taxesLn 10$493K$360K$134K
Legal feesLn 11b$349K$349K
Accounting feesLn 11c$32K$32K
Other fees for servicesLn 11g$1.5M$766K$709K
Advertising and promotionLn 12$15K$15K
Office expensesLn 13$267K$102K$165K
OccupancyLn 16$3.0M$2.7M$348K
TravelLn 17$23K$23K
Conferences, conventions and meetingsLn 19$49K$49K
Depreciation, depletion and amortizationLn 22$276K$248K$28K
InsuranceLn 23$330K$330K
Other expenses (24a–d)Ln 24$2.6M$2.2M$466K
Total functional expensesLn 25$30.0M$25.2M$4.8M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $30.1M$30.1M$68K$7.8M 990 PDF
FY2023 $30.2M$29.2M$933K$7.7M 990 PDF
FY2022 $28.4M$25.9M$2.4M$6.7M 990 PDF
FY2021 $21.3M$20.9M$459K$4.3M 990 PDF
FY2020 $20.8M$20.6M$210K$3.9M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $30,252,828 across 9 lines filed
VIII-1c Fundraising events$264,355
VIII-1e Government grants$27,544,817
VIII-1f All other contributions, gifts and grants$1,911,088
VIII-1h Total contributions, gifts and grants$29,720,260
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $406,659$406,659
VIII-3 Investment incomeExcluded from tax $93,793$93,793
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $21,777 · Excluded from tax $10,339$32,116
VIII-12 Total revenueRelated to mission $428,436 · Unrelated business $0 · Excluded from tax $104,132$30,252,828
Part IX · Statement of functional expenses $29,954,736 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $211,632$211,632
IX-7 Other salaries and wagesPrograms $14,435,616 · Management $1,925,066$16,360,682
IX-8 Pension plan contributionsPrograms $2,202,471$2,202,471
IX-9 Other employee benefitsPrograms $1,929,184 · Management $271,086$2,200,270
IX-10 Payroll taxesPrograms $359,607 · Management $133,697$493,304
IX-11b Legal feesManagement $349,482$349,482
IX-11c Accounting feesManagement $31,978$31,978
IX-11g Other fees for servicesPrograms $765,886 · Management $709,073$1,474,959
IX-12 Advertising and promotionManagement $15,397$15,397
IX-13 Office expensesPrograms $102,192 · Management $164,563$266,755
IX-16 OccupancyPrograms $2,694,925 · Management $348,217$3,043,142
IX-17 TravelPrograms $22,968$22,968
IX-19 Conferences, conventions and meetingsPrograms $49,106$49,106
IX-22 Depreciation, depletion and amortizationPrograms $248,434 · Management $27,604$276,038
IX-23 InsuranceManagement $330,307$330,307
IX-24 Other expenses (24a–d)Programs $2,160,368 · Management $465,877$2,626,245
IX-25 Total functional expensesPrograms $25,182,389 · Management $4,772,347 · Fundraising $0$29,954,736
Part X · Balance sheet $33,281,204 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $650,250$747,865
X-2 Savings and temporary cash investmentsStart of year $4,000,193$4,766,595
X-4 Accounts receivableStart of year $5,207,097$4,276,814
X-9 Prepaid expenses and deferred chargesStart of year $591,056$284,876
X-10c Land, buildings and equipment, netStart of year $1,664,931$1,748,849
X-12 Other securitiesStart of year $2,602,043$3,726,751
X-15 Other assetsStart of year $18,502,500$17,729,454
X-16 Total assetsStart of year $33,218,070$33,281,204
X-17 Accounts payable and accrued expensesStart of year $2,626,110$2,745,271
X-19 Deferred revenueStart of year $4,192,493$4,541,659
X-25 Other liabilitiesStart of year $18,629,433$17,895,534
X-26 Total liabilitiesStart of year $25,448,036$25,182,464
X-27 Net assets without donor restrictionsStart of year $7,696,866$8,098,740
X-28 Net assets with donor restrictionsStart of year $73,168$0
X-32 Total net assets or fund balancesStart of year $7,770,034$8,098,740
X-33 Total liabilities and net assetsStart of year $33,218,070$33,281,204
Part XI · Reconciliation of net assets $8,098,740 net assets at year end
XI-1 Total revenue$30,252,828
XI-2 Total expenses$29,954,736
XI-3 Revenue less expenses$298,092
XI-4 Net assets at start of year$7,770,034
XI-5 Net unrealized gains (losses) on investments$30,614
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,098,740

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

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