To provide elementary students with a high quality and student-centered education in a safe, nurturing, and challenging environment so that all students achieve their highest level of academic success.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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 $776K a year · 7% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $242K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$19.0M
78% of total assets
Worth a look: liabilities are 78% of assets; over 65%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15.3M
+4% vs prior year
Spent
$15.9M
To programs
72%
Net assets
$5.3M
By yearFY2020–FY2025
Revenue
$15.3M
FY2025▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.3M
FY2021$6.9M
FY2022$9.0M
FY2023$11.4M
FY2024$14.7M
FY2025$15.3M
Expenses
$15.9M
FY2025▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.8M
FY2021$6.7M
FY2022$8.5M
FY2023$10.1M
FY2024$12.9M
FY2025$15.9M
Net assets
$5.3M
FY2025▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1M
FY2021$2.2M
FY2022$2.6M
FY2023$4.0M
FY2024$5.8M
FY2025$5.3M

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 Jul 2017.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $11.3M Management & general 28% · $4.5M

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Business Admin
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ocean Academy 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

Educates elementary students in a safe, nurturing, and challenging environment for academic success.

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1 program · $11.3M · in their own filed words · FY2024
01

Educational environment that supports student engagement and empowers all students to identify and utilize their own abilities and gifts.

$11.3Mprogram 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 · FY2024
Total grants receivedfrom 1 funder$242K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$15.3M
Ln 12
Gifts and grantsLn 1h$15.3M
Fees for servicesLn 2g$26K
Money outPt IX
$15.9M
Ln 25
Programscol B$11.3M
Managementcol C$4.5M
Owns and owesPt X
$5.3M
net assets · Ln 32
Cash and savingsLn 1–2$4.7M
Total assetsLn 16$24.2M
LiabilitiesLn 26$19.0M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15.3M
Government grantsLn 1e$4.6M
Fees for servicesLn 2g$26K
Gains on assetsLn 7$0
Total revenueLn 12$15.3M
Assets in detailPt X, end of year
CashLn 1$4.7M
SavingsLn 2$0
Cash and savings togetherLn 1–2$4.7M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$14.7M
Other assetsLn 15$2.5M
Total assetsLn 16$24.2M
LiabilitiesLn 26$19.0M
Net assetsLn 32$5.3M
OperationsPt I, VI
EmployeesI 5157
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$4.8M$4.7M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$15.0M$14.7M
Total assetsLn 16$24.9M$24.2M
LiabilitiesLn 26$19.1M$19.0M
Net assetsLn 32$5.8M$5.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$7.6M$5.5M$2.1M
Pension plan contributionsLn 8$821K$821K
Other employee benefitsLn 9$2.3M$2.3M$8K
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$39K$39K
Accounting feesLn 11c$22K$22K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$91K$91K
RoyaltiesLn 15$0
OccupancyLn 16$481K$481K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$701K$701K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$323K$323K
InsuranceLn 23$144K$144K
Other expenses (24a–d)Ln 24$3.0M$1.4M$1.6M
All other expensesLn 24e$324K$324K
Total functional expensesLn 25$15.9M$11.3M$4.5M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $15.3M$15.9M−$552K$5.3M 990 PDF
FY2024 $14.7M$12.9M$1.9M$5.8M 990 PDF
FY2023 $11.4M$10.1M$1.3M$4.0M 990 PDF
FY2022 $9.0M$8.5M$432K$2.6M 990 PDF
FY2021 $6.9M$6.7M$124K$2.2M 990 PDF
FY2020 $5.3M$3.8M$1.5M$2.1M 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 O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $15,313,877 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $14,669,175$15,287,534
I-9 Program service revenuePrior year $45,863$26,343
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $14,715,038$15,313,877
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $7,538,080$10,724,369
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $5,314,473$5,141,392
I-18 Total expensesPrior year $12,852,553$15,865,761
I-19 Revenue less expensesPrior year $1,862,485−$551,884
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $15,313,877 across 10 lines filed
VIII-1e Government grants$4,559,887
VIII-1f All other contributions, gifts and grants$10,727,647
VIII-1h Total contributions, gifts and grants$15,287,534
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $26,343$26,343
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $26,343$15,313,877
Part IX · Statement of functional expenses $15,865,761 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $5,497,560 · Management $2,143,226$7,640,786
IX-8 Pension plan contributionsPrograms $821,265$821,265
IX-9 Other employee benefitsPrograms $2,254,651 · Management $7,667$2,262,318
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesManagement $38,991$38,991
IX-11c Accounting feesManagement $21,531$21,531
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technologyManagement $91,465$91,465
IX-15 Royalties$0
IX-16 OccupancyManagement $481,375$481,375
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $700,658$700,658
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $323,242$323,242
IX-23 InsuranceManagement $143,933$143,933
IX-24 Other expenses (24a–d)Programs $1,423,290 · Management $1,592,425$3,015,715
IX-24e All other expensesPrograms $324,482$324,482
IX-25 Total functional expensesPrograms $11,345,148 · Management $4,520,613 · Fundraising $0$15,865,761
Part X · Balance sheet $24,242,710 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $4,751,684$4,719,260
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $2,096,063$2,196,845
X-8 Inventories for sale or useStart of year $2,800$4,329
X-9 Prepaid expenses and deferred charges$60,000
X-10c Land, buildings and equipment, netStart of year $15,001,446$14,729,430
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $3,086,910$2,532,846
X-16 Total assetsStart of year $24,938,903$24,242,710
X-19 Deferred revenue$311
X-25 Other liabilitiesStart of year $19,098,366$18,981,085
X-26 Total liabilitiesStart of year $19,125,705$18,981,396
X-27 Net assets without donor restrictionsStart of year $5,728,792$5,176,908
X-28 Net assets with donor restrictionsStart of year $84,406$84,406
X-32 Total net assets or fund balancesStart of year $5,813,198$5,261,314
X-33 Total liabilities and net assetsStart of year $24,938,903$24,242,710
Part XI · Reconciliation of net assets $5,261,314 net assets at year end
XI-1 Total revenue$15,313,877
XI-2 Total expenses$15,865,761
XI-3 Revenue less expenses−$551,884
XI-4 Net assets at start of year$5,813,198
XI-10 Net assets at end of year$5,261,314

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

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