Excelencia Academy INC

Los Angeles, CAUnknown exempt organizationEIN 81-4455278Revenue $1.4M in FY2020

On file with the IRSexcelenciacharteracademy.org2821 E 7th St · Los Angeles, CA

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Through rigorous curriculum, high-quality instruction, and positive character development, Excelencia charter Academy prepares students in tk-8 for academic and personal excellence, leading to success in high school, college, and life."

75¢ of each $1 spent went to programs.
Run by 9 volunteers and 14 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$96K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$359K
109% of total assets
Concern: liabilities are 109% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
Spent
$1.6M
To programs
75%
Net assets
−$28K

From the FY2020 Form 990 (year ending June 2020) · 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: FY2020.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $1.2M Management & general 25% · $388K

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

10 people listed on the 990; $96K 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
Head of School
$96,221Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Excelencia Academy INC 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

Prepares TK-8 students for academic and personal success through strong curriculum and character development.

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Provided by the organization

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1 program · $1.2M · in their own filed words · FY2019
01

To operate a california public charter school serving students in grades TK-8 .

$1.2Mprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$1.4M
Investment incomeLn 3$59
Money outPt IX
$1.6M
Ln 25
Programscol B$1.2M
Managementcol C$388K
Owns and owesPt X
−$28K
net assets · Ln 32
Cash and savingsLn 1–2$36K
Total assetsLn 16$330K
LiabilitiesLn 26$359K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Government grantsLn 1e$1.3M
Investment incomeLn 3$59
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$36K
Cash and savings togetherLn 1–2$36K
Land, buildings, equipmentLn 10c$46K
Total assetsLn 16$330K
LiabilitiesLn 26$359K
Net assetsLn 32−$28K
OperationsPt I, VI
EmployeesI 514
VolunteersI 69
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 FY20End FY20
Cash and savingsLn 1–2$197K$36K
Land, buildings, equipmentLn 10c$25K$46K
Total assetsLn 16$398K$330K
LiabilitiesLn 26$288K$359K
Net assetsLn 32$110K−$28K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$114K$57K$57K
Other salaries and wagesLn 7$588K$531K$57K
Other employee benefitsLn 9$69K$63K$6K
Payroll taxesLn 10$57K$48K$9K
Legal feesLn 11b$24K$24K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$330K$205K$125K
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$5K$5K
Information technologyLn 14$7K$7K
OccupancyLn 16$90K$76K$14K
TravelLn 17$3K$3K
InterestLn 20$6K$6K
Depreciation, depletion and amortizationLn 22$13K$13K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$179K$158K$22K
All other expensesLn 24e$40K$17K$23K
Total functional expensesLn 25$1.6M$1.2M$388K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $1.4M$1.6M−$138K−$28K 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 FY2020 990 (6 parts)
Part I · Summary $1,420,246 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,255,442$1,420,187
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$59
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,255,442$1,420,246
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 $616,275$827,509
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $731,034$730,605
I-18 Total expensesPrior year $1,347,309$1,558,114
I-19 Revenue less expensesPrior year −$91,867−$137,868
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $1,420,246 across 5 lines filed
VIII-1e Government grants$1,314,507
VIII-1f All other contributions, gifts and grants$105,680
VIII-1h Total contributions, gifts and grants$1,420,187
VIII-3 Investment incomeExcluded from tax $59$59
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $59$1,420,246
Part IX · Statement of functional expenses $1,558,114 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $57,100 · Management $57,100$114,200
IX-7 Other salaries and wagesPrograms $530,849 · Management $57,033$587,882
IX-9 Other employee benefitsPrograms $62,667 · Management $6,100$68,767
IX-10 Payroll taxesPrograms $47,823 · Management $8,837$56,660
IX-11b Legal feesManagement $23,531$23,531
IX-11c Accounting feesManagement $7,975$7,975
IX-11g Other fees for servicesPrograms $204,989 · Management $124,863$329,852
IX-12 Advertising and promotionManagement $10,645$10,645
IX-13 Office expensesManagement $4,771$4,771
IX-14 Information technologyManagement $6,791$6,791
IX-16 OccupancyPrograms $75,794 · Management $14,006$89,800
IX-17 TravelPrograms $3,333$3,333
IX-20 InterestManagement $5,750$5,750
IX-22 Depreciation, depletion and amortizationPrograms $12,591$12,591
IX-23 InsuranceManagement $15,986$15,986
IX-24 Other expenses (24a–d)Programs $157,564 · Management $21,538$179,102
IX-24e All other expensesPrograms $17,111 · Management $23,367$40,478
IX-25 Total functional expensesPrograms $1,169,821 · Management $388,293 · Fundraising $0$1,558,114
Part X · Balance sheet $330,435 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $196,784$36,028
X-4 Accounts receivableStart of year $136,272$246,018
X-9 Prepaid expenses and deferred chargesStart of year $39,572$2,271
X-10c Land, buildings and equipment, netStart of year $25,427$46,118
X-16 Total assetsStart of year $398,055$330,435
X-17 Accounts payable and accrued expensesStart of year $38,325$171,075
X-26 Total liabilitiesStart of year $288,325$358,573
X-27 Net assets without donor restrictionsStart of year $109,730−$28,138
X-32 Total net assets or fund balancesStart of year $109,730−$28,138
X-33 Total liabilities and net assetsStart of year $398,055$330,435
Part XI · Reconciliation of net assets −$28,138 net assets at year end
XI-1 Total revenue$1,420,246
XI-2 Total expenses$1,558,114
XI-3 Revenue less expenses−$137,868
XI-4 Net assets at start of year$109,730
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$28,138

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

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