Education of students grades k-12

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$376K 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 $142K a year · 2% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$376K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$48K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 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
$5.8M
Spent
$5.6M
To programs
91%
Net assets
$3.2M
By yearFY2020–FY2025
Revenue
$5.8M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$5.8M
FY2021$6.1M
FY2022$5.6M
FY2023$6.8M
FY2024$6.6M
FY2025$6.4M
Expenses
$5.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$5.6M
FY2021$6.0M
FY2022$5.4M
FY2023$6.3M
FY2024$6.4M
FY2025$6.7M
Net assets
$3.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.2M
FY2021$3.2M
FY2022$3.4M
FY2023$3.9M
FY2024$4.1M
FY2025$3.8M

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 1999.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $5.1M Management & general 9% · $487K

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

7 people listed on the 990; $376K 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
Secretary/Business Directo
$155,250Pt VII · Sec A
Technology Director/Studen
$155,250Pt VII · Sec A
Director/Principal/CEO
$65,077Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Sherry Iida CFO’s $182K as Business Director/Secretary is at the 77th percentile of top reported officer pay among 3395 $1–10M 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 · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Sherry Iida CFO$181,516—————
Dwayne Stewart$181,516$173,480$153,641$158,213$157,213$155,250
Sherry Iida—$173,480$153,641$158,213$157,213$155,250
Armando Montero$126,905—————
Lori Jones$102,432—————
Lisa Marasco—$49,926$48,841$47,463$46,488$65,077
Lisa Marasco CEO$40,003—————

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

Educates students from kindergarten through twelfth grade.

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Provided by the organization

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1 program · $5.1M · in their own filed words · FY2019
01

Expenditures were made by the corporation for the education of students that are in grade levels kindergarten through 12TH

$5.1Mprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$5.8M
Ln 12
Gifts and grantsLn 1h$5.8M
Investment incomeLn 3$3K
Money outPt IX
$5.6M
Ln 25
Programscol B$5.1M
Managementcol C$487K
Owns and owesPt X
$3.2M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$3.2M
LiabilitiesLn 26$48K
PeoplePt VI, VII
7
listed · VII A
PaidVII A3
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.8M
Government grantsLn 1e$5.8M
Investment incomeLn 3$3K
Total revenueLn 12$5.8M
Assets in detailPt X, end of year
CashLn 1$2.2M
Cash and savings togetherLn 1–2$2.2M
Land, buildings, equipmentLn 10c$83K
Total assetsLn 16$3.2M
LiabilitiesLn 26$48K
Net assetsLn 32$3.2M
OperationsPt I, VI
EmployeesI 550
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$2.0M$2.2M
Land, buildings, equipmentLn 10c$94K$83K
Total assetsLn 16$3.0M$3.2M
LiabilitiesLn 26$74K$48K
Net assetsLn 32$2.9M$3.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$376K$311K$64K
Other salaries and wagesLn 7$2.9M$2.8M$119K
Other employee benefitsLn 9$1.4M$1.3M$60K
Legal feesLn 11b$13K$13K
Advertising and promotionLn 12$2K$2K
OccupancyLn 16$333K$274K$59K
TravelLn 17$620$601$19
Depreciation, depletion and amortizationLn 22$36K$30K$6K
InsuranceLn 23$40K$2K$38K
Other expenses (24a–d)Ln 24$299K$200K$99K
All other expensesLn 24e$136K$109K$27K
Total functional expensesLn 25$5.6M$5.1M$487K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.4M$6.7M−$313K$3.8M 990 PDF
FY2024 $6.6M$6.4M$190K$4.1M 990 PDF
FY2023 $6.8M$6.3M$534K$3.9M 990 PDF
FY2022 $5.6M$5.4M$107K$3.4M 990 PDF
FY2021 $6.1M$6.0M$60K$3.2M 990 PDF
FY2020 Viewing $5.8M$5.6M$272K$3.2M 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 $5,828,096 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,600,532$5,824,801
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $3,155$3,295
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $5,603,687$5,828,096
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 $4,456,736$4,695,831
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $936,485$860,729
I-18 Total expensesPrior year $5,393,221$5,556,560
I-19 Revenue less expensesPrior year $210,466$271,536
Part VI · Governance 4 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,828,096 across 4 lines filed
VIII-1e Government grants$5,824,801
VIII-1h Total contributions, gifts and grants$5,824,801
VIII-3 Investment incomeRelated to mission $3,295$3,295
VIII-12 Total revenueRelated to mission $3,295 · Unrelated business $0 · Excluded from tax $0$5,828,096
Part IX · Statement of functional expenses $5,556,560 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $311,478 · Management $64,100$375,578
IX-7 Other salaries and wagesPrograms $2,793,868 · Management $119,105$2,912,973
IX-9 Other employee benefitsPrograms $1,347,729 · Management $59,551$1,407,280
IX-11b Legal feesManagement $12,694$12,694
IX-12 Advertising and promotionManagement $2,150$2,150
IX-16 OccupancyPrograms $273,839 · Management $59,137$332,976
IX-17 TravelPrograms $601 · Management $19$620
IX-22 Depreciation, depletion and amortizationPrograms $30,479 · Management $5,954$36,433
IX-23 InsurancePrograms $2,407 · Management $38,039$40,446
IX-24 Other expenses (24a–d)Programs $200,080 · Management $99,358$299,438
IX-24e All other expensesPrograms $108,694 · Management $27,278$135,972
IX-25 Total functional expensesPrograms $5,069,175 · Management $487,385 · Fundraising $0$5,556,560
Part X · Balance sheet $3,232,039 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $2,014,922$2,227,067
X-4 Accounts receivableStart of year $772,551$822,661
X-9 Prepaid expenses and deferred chargesStart of year $105,574$99,179
X-10c Land, buildings and equipment, netStart of year $93,905$83,132
X-16 Total assetsStart of year $2,986,952$3,232,039
X-17 Accounts payable and accrued expensesStart of year $30,978$47,640
X-25 Other liabilitiesStart of year $43,111$0
X-26 Total liabilitiesStart of year $74,089$47,640
X-27 Net assets without donor restrictionsStart of year $2,912,863$3,184,399
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $2,912,863$3,184,399
X-33 Total liabilities and net assetsStart of year $2,986,952$3,232,039
Part XI · Reconciliation of net assets $3,184,399 net assets at year end
XI-1 Total revenue$5,828,096
XI-2 Total expenses$5,556,560
XI-3 Revenue less expenses$271,536
XI-4 Net assets at start of year$2,912,863
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,184,399

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

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