Placer Academy Schools FY2020 filing

Rocklin, CAUnknown exempt organization EIN 82-3690364Revenue $3.3M in FY2020

On file with the IRSplaceracademy.org4750 Grove Street · Rocklin, CA

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Placer Academy is a charter school serving students in kindergarden through 8th grade.

91¢ of each $1 spent went to programs.
$178K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
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
3 of 6
filings with a surplus
Average deficit $159K a year · 9% of revenue · last 6 filings
Worth a look: a surplus in 3 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
$178K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$863K
74% of total assets
Worth a look: liabilities are 74% of assets; over 65%.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.3M
Spent
$3.7M
To programs
91%
Net assets
$299K
By yearFY2020–FY2025
Revenue
$3.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.3M
FY2021$3.6M
FY2022$2.2M
FY2023$1.7M
FY2024$0
FY2025$0
Expenses
$3.7M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.7M
FY2021$3.2M
FY2022$3.4M
FY2023$1.5M
FY2024$157
FY2025$0
Net assets
$299K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$299K
FY2021$659K
FY2022−$558K
FY2023−$291K
FY2024−$292K
FY2025$0

From the FY2020 Form 990 (year ending June 2020) · 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 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% · $3.3M Management & general 9% · $349K

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; $178K 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
Executive Director
$100,413Pt VII · Sec A
$46,127Pt VII · Sec A
$31,080Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Jill Godtland$51,725$101,134$101,134$100,413
Diana Wilson$25,000$75,653$75,653—
Chelsea Brumfield———$46,127
Tasha Raddigan$20,938$30,339$33,352$31,080

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 children from kindergarten through eighth grade.

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Provided by the organization

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1 program · $3.3M · in their own filed words · FY2019
01

Teachers facilitate and present children with challenging questions and problems that encourage them to think "outside the box" through a hands-on project method. By actively participating in projects given, students encounter central concepts and principles about the subjects they are studying, which develop valuable research, problem…

$3.3Mprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.3M
Ln 12
Gifts and grantsLn 1h$3.3M
Other incomeLn 4–11$64K
Money outPt IX
$3.7M
Ln 25
Programscol B$3.3M
Managementcol C$349K
Owns and owesPt X
$299K
net assets · Ln 32
Cash and savingsLn 1–2$639K
Total assetsLn 16$1.2M
LiabilitiesLn 26$863K
PeoplePt VI, VII
9
listed · VII A
PaidVII A3
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.3M
Government grantsLn 1e$3.2M
Other incomeLn 4–11$64K
Total revenueLn 12$3.3M
Assets in detailPt X, end of year
CashLn 1$639K
Cash and savings togetherLn 1–2$639K
Land, buildings, equipmentLn 10c$96K
Total assetsLn 16$1.2M
LiabilitiesLn 26$863K
Net assetsLn 32$299K
OperationsPt I, VI
EmployeesI 565
VolunteersI 6150
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$588K$639K
Land, buildings, equipmentLn 10c$64K$96K
Total assetsLn 16$1.1M$1.2M
LiabilitiesLn 26$429K$863K
Net assetsLn 32$663K$299K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$251K$208K$43K
Other salaries and wagesLn 7$1.6M$1.6M$2K
Pension plan contributionsLn 8$226K$225K$969
Other employee benefitsLn 9$232K$233K−$526
Payroll taxesLn 10$55K$49K$6K
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$427K$332K$95K
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$156K$145K$12K
Information technologyLn 14$11K$11K
OccupancyLn 16$401K$308K$93K
TravelLn 17$755$755
Conferences, conventions and meetingsLn 19$5K$5K
InterestLn 20$6K$6K
Depreciation, depletion and amortizationLn 22$59K$45K$14K
InsuranceLn 23$40K$40K
Other expenses (24a–d)Ln 24$182K$181K$1K
All other expensesLn 24e$24K$8K$15K
Total functional expensesLn 25$3.7M$3.3M$349K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $0$0$0$0 990 PDF
FY2024 $0$157−$157−$292K 990 PDF
FY2023 $1.7M$1.5M$269K−$291K 990 PDF
FY2022 $2.2M$3.4M−$1.2M−$558K 990 PDF
FY2021 $3.6M$3.2M$360K$659K 990 PDF
FY2020 Viewing $3.3M$3.7M−$364K$299K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $3,326,121 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,345,415$3,261,888
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $117,520$64,233
I-12 Total revenuePrior year $3,462,935$3,326,121
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 $1,976,011$2,349,217
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,204,686$1,340,766
I-18 Total expensesPrior year $3,180,697$3,689,983
I-19 Revenue less expensesPrior year $282,238−$363,862
Part VI · Governance 5 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
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 $3,326,121 across 5 lines filed
Lines not itemized here account for $6,272 of total revenue; see the IRS return.
VIII-1e Government grants$3,246,143
VIII-1f All other contributions, gifts and grants$15,745
VIII-1h Total contributions, gifts and grants$3,261,888
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $11,157 · Excluded from tax $46,804$57,961
VIII-12 Total revenueRelated to mission $11,157 · Unrelated business $0 · Excluded from tax $53,076$3,326,121
Part IX · Statement of functional expenses $3,689,983 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $207,935 · Management $43,078$251,013
IX-7 Other salaries and wagesPrograms $1,583,302 · Management $2,029$1,585,331
IX-8 Pension plan contributionsPrograms $224,767 · Management $969$225,736
IX-9 Other employee benefitsPrograms $232,840 · Management −$526$232,314
IX-10 Payroll taxesPrograms $48,693 · Management $6,130$54,823
IX-11b Legal feesManagement $10,430$10,430
IX-11c Accounting feesManagement $10,993$10,993
IX-11g Other fees for servicesPrograms $332,143 · Management $94,913$427,056
IX-12 Advertising and promotionPrograms $7,668$7,668
IX-13 Office expensesPrograms $144,543 · Management $11,763$156,306
IX-14 Information technologyPrograms $11,047$11,047
IX-16 OccupancyPrograms $307,902 · Management $93,275$401,177
IX-17 TravelPrograms $755$755
IX-19 Conferences, conventions and meetingsPrograms $4,980$4,980
IX-20 InterestManagement $5,564$5,564
IX-22 Depreciation, depletion and amortizationPrograms $45,351 · Management $13,738$59,089
IX-23 InsuranceManagement $39,990$39,990
IX-24 Other expenses (24a–d)Programs $180,781 · Management $1,086$181,867
IX-24e All other expensesPrograms $8,377 · Management $15,467$23,844
IX-25 Total functional expensesPrograms $3,341,084 · Management $348,899 · Fundraising $0$3,689,983
Part X · Balance sheet $1,161,675 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $587,982$638,581
X-4 Accounts receivableStart of year $374,655$424,990
X-9 Prepaid expenses and deferred chargesStart of year $65,670$2,038
X-10c Land, buildings and equipment, netStart of year $63,901$96,066
X-16 Total assetsStart of year $1,092,208$1,161,675
X-17 Accounts payable and accrued expensesStart of year $179,307$377,422
X-24 Unsecured notes and loans payableStart of year $250,000$485,214
X-26 Total liabilitiesStart of year $429,307$862,636
X-27 Net assets without donor restrictionsStart of year $662,901$299,039
X-32 Total net assets or fund balancesStart of year $662,901$299,039
X-33 Total liabilities and net assetsStart of year $1,092,208$1,161,675
Part XI · Reconciliation of net assets $299,039 net assets at year end
XI-1 Total revenue$3,326,121
XI-2 Total expenses$3,689,983
XI-3 Revenue less expenses−$363,862
XI-4 Net assets at start of year$662,901
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$299,039

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

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