Tracy Learning Center-Discovery Charter School

Tax-deductible

Tracy, CA501(c)(3)Since 2001EducationEIN 68-0479762Revenue $20.0M in FY2025

On file with the IRStracylearningcenter.com51 E Beverly Pl, 95376-3191 · Tracy, CATax-exempt since Mar 2005School — 170(b)(1)(A)(ii)

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Operate Charter schools in the surrounding community

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 152 volunteers and 228 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
5 of 6
filings with a surplus
Average surplus $1.3M a year · 8% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 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
$797K
to officers and key staff · 4% of spending
Top officer’s pay lower than 79% of similar orgs
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $503
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.8M
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$20.0M
+5% vs prior year
Spent
$19.3M
To programs
90%
Net assets
$9.5M
By yearFY2020–FY2025
Revenue
$20.0M
FY2025▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$13.0M
FY2021$14.8M
FY2022$15.3M
FY2023$18.4M
FY2024$19.1M
FY2025$20.0M
Expenses
$19.3M
FY2025▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$14.1M
FY2021$12.5M
FY2022$13.7M
FY2023$15.2M
FY2024$18.3M
FY2025$19.3M
Net assets
$9.5M
FY2025▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.6M
FY2021$5.1M
FY2022$6.5M
FY2023$9.8M
FY2024$8.7M
FY2025$9.5M

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 Mar 2005.

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% · $17.4M Management & general 10% · $2.0M

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

13 people listed on the 990; $797K 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
$163,070Pt VII · Sec A
Director of Sped
$144,507Pt VII · Sec A
Administrative Director
$140,953Pt VII · Sec A
Sped Speech/Language Pathologist
$123,463Pt VII · Sec A
Director of Technology
$113,028Pt VII · Sec A
Certificated Teacher
$112,285Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Carolyn Woods’s $163K as Executive Director is at the 21st 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
Carolyn Woods$163,070$151,451$143,591$111,838——
Virginia Stewart————$146,569$155,429
Renu Singh$144,507$129,518$101,920———
Daniel Saldate$140,953$124,191$101,184———
Jennifer Reynoso$123,463$112,057$109,105———
Warren Snell$113,028—————
Heather Campbell$112,285$105,159————
Allyson Nielson Holmes————$101,946$102,947

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 Tracy Learning Center-Discovery 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 charter schools to serve the local community.

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Provided by the organization

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1 program · $17.4M · in their own filed words · FY2024
01

Tracy learning center fostered student learning, utilizing different modalities. The center provided opportunities for small group instruction and individualized learning. Students participated in service learning projects in collaboration with the city and business representatives.

$17.4Mprogram 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 · FY2023
Total grants receivedfrom 1 funder$503

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$20.0M
Ln 12
Gifts and grantsLn 1h$19.8M
Fees for servicesLn 2g$111K
Other incomeLn 4–11$111K
Money outPt IX
$19.3M
Ln 25
Programscol B$17.4M
Managementcol C$2.0M
Owns and owesPt X
$9.5M
net assets · Ln 32
Cash and savingsLn 1–2$10.3M
Total assetsLn 16$13.3M
LiabilitiesLn 26$3.8M
PeoplePt VI, VII
13
listed · VII A
PaidVII A6
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$19.8M
Government grantsLn 1e$19.6M
Fees for servicesLn 2g$111K
Investment incomeLn 3$59K
Other incomeLn 4–11$111K
Total revenueLn 12$20.0M
Assets in detailPt X, end of year
CashLn 1$3.0M
SavingsLn 2$7.3M
Cash and savings togetherLn 1–2$10.3M
Land, buildings, equipmentLn 10c$262K
Other assetsLn 15$99K
Total assetsLn 16$13.3M
LiabilitiesLn 26$3.8M
Net assetsLn 32$9.5M
OperationsPt I, VI
EmployeesI 5228
VolunteersI 6152
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$9.0M$10.3M
Land, buildings, equipmentLn 10c$54K$262K
Total assetsLn 16$13.4M$13.3M
LiabilitiesLn 26$4.7M$3.8M
Net assetsLn 32$8.7M$9.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$226K$213K$14K
Other salaries and wagesLn 7$10.6M$9.7M$870K
Pension plan contributionsLn 8$2.1M$1.9M$204K
Other employee benefitsLn 9$1.7M$1.5M$128K
Payroll taxesLn 10$329K$283K$46K
Management feesLn 11a$142K$121K$21K
Legal feesLn 11b$45K$45K
Accounting feesLn 11c$213K$181K$32K
Other fees for servicesLn 11g$1.1M$1.0M$90K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$68K$68K
Information technologyLn 14$328K$317K$11K
OccupancyLn 16$697K$593K$105K
TravelLn 17$8K$8K$228
Depreciation, depletion and amortizationLn 22$15K$15K
InsuranceLn 23$116K$116K
Other expenses (24a–d)Ln 24$1.6M$1.4M$197K
All other expensesLn 24e$23K$18K$5K
Total functional expensesLn 25$19.3M$17.4M$2.0M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $20.0M$19.3M$707K$9.5M 990 PDF
FY2024 $19.1M$18.3M$837K$8.7M 990 PDF
FY2023 $18.4M$15.2M$3.2M$9.8M 990 PDF
FY2022 $15.3M$13.7M$1.6M$6.5M 990 PDF
FY2021 $14.8M$12.5M$2.3M$5.1M 990 PDF
FY2020 $13.0M$14.1M−$1.1M$2.6M 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 (6 parts)
Part I · Summary $20,031,978 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $18,451,864$19,751,812
I-9 Program service revenuePrior year $514,976$111,016
I-10 Investment incomePrior year $50,176$58,583
I-11 Other revenuePrior year $117,155$110,567
I-12 Total revenuePrior year $19,134,171$20,031,978
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 $14,294,755$14,919,984
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,002,873$4,404,597
I-18 Total expensesPrior year $18,297,628$19,324,581
I-19 Revenue less expensesPrior year $836,543$707,397
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $20,031,978 across 7 lines filed
VIII-1e Government grants$19,570,215
VIII-1f All other contributions, gifts and grants$181,597
VIII-1h Total contributions, gifts and grants$19,751,812
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $111,016$111,016
VIII-3 Investment incomeExcluded from tax $58,583$58,583
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,528 · Excluded from tax $104,039$110,567
VIII-12 Total revenueRelated to mission $117,544 · Unrelated business $0 · Excluded from tax $162,622$20,031,978
Part IX · Statement of functional expenses $19,324,581 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $212,616 · Management $13,572$226,188
IX-7 Other salaries and wagesPrograms $9,737,733 · Management $870,099$10,607,832
IX-8 Pension plan contributionsPrograms $1,890,438 · Management $203,506$2,093,944
IX-9 Other employee benefitsPrograms $1,534,992 · Management $128,018$1,663,010
IX-10 Payroll taxesPrograms $282,664 · Management $46,346$329,010
IX-11a Management feesPrograms $120,647 · Management $21,291$141,938
IX-11b Legal feesManagement $44,887$44,887
IX-11c Accounting feesPrograms $180,867 · Management $31,917$212,784
IX-11g Other fees for servicesPrograms $1,048,989 · Management $90,176$1,139,165
IX-12 Advertising and promotionManagement $1,779$1,779
IX-13 Office expensesManagement $67,582$67,582
IX-14 Information technologyPrograms $316,915 · Management $11,001$327,916
IX-16 OccupancyPrograms $592,873 · Management $104,623$697,496
IX-17 TravelPrograms $7,873 · Management $228$8,101
IX-22 Depreciation, depletion and amortizationPrograms $15,295$15,295
IX-23 InsuranceManagement $115,562$115,562
IX-24 Other expenses (24a–d)Programs $1,412,372 · Management $196,639$1,609,011
IX-24e All other expensesPrograms $17,930 · Management $5,151$23,081
IX-25 Total functional expensesPrograms $17,372,204 · Management $1,952,377 · Fundraising $0$19,324,581
Part X · Balance sheet $13,266,676 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $724,750$3,008,329
X-2 Savings and temporary cash investmentsStart of year $8,287,392$7,329,091
X-3 Pledges and grants receivableStart of year $4,104,430$2,367,667
X-4 Accounts receivableStart of year $22,279$18,930
X-9 Prepaid expenses and deferred chargesStart of year $160,858$181,663
X-10c Land, buildings and equipment, netStart of year $53,981$262,249
X-15 Other assetsStart of year $31,544$98,747
X-16 Total assetsStart of year $13,385,234$13,266,676
X-17 Accounts payable and accrued expensesStart of year $2,602,051$2,698,770
X-19 Deferred revenueStart of year $2,068,043$969,329
X-25 Other liabilitiesStart of year $31,760$98,749
X-26 Total liabilitiesStart of year $4,701,854$3,766,848
X-27 Net assets without donor restrictionsStart of year $8,643,683$9,464,358
X-28 Net assets with donor restrictionsStart of year $39,697$35,470
X-32 Total net assets or fund balancesStart of year $8,683,380$9,499,828
X-33 Total liabilities and net assetsStart of year $13,385,234$13,266,676
Part XI · Reconciliation of net assets $9,499,828 net assets at year end
XI-1 Total revenue$20,031,978
XI-2 Total expenses$19,324,581
XI-3 Revenue less expenses$707,397
XI-4 Net assets at start of year$8,683,380
XI-5 Net unrealized gains (losses) on investments$109,051
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,499,828

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

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