Placer Academy Schools FY2021 filing

Rocklin, CAUnknown exempt organization EIN 82-3690364Revenue $3.6M in FY2021

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.

85¢ of each $1 spent went to programs.
$210K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$210K
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
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.0M
75% of total assets
Worth a look: liabilities are 75% of assets; over 65%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.6M
+8% vs prior year
Spent
$3.2M
To programs
85%
Net assets
$659K
By yearFY2020–FY2025
Revenue
$3.6M
FY2021▲ +8%
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
$3.2M
FY2021▼ -12%
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
$659K
FY2021▲ +120%
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 FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 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

85 cents of each dollar spent went to programs.

Program services 85% · $2.8M Management & general 15% · $485K

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

6 people listed on the 990; $210K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$101,134Pt VII · Sec A
$75,653Pt VII · Sec A
$33,352Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Vice Chair
$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 · $2.8M · in their own filed words · FY2020
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…

$2.8Mprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$3.6M
Ln 12
Gifts and grantsLn 1h$3.5M
Other incomeLn 4–11$146K
Money outPt IX
$3.2M
Ln 25
Programscol B$2.8M
Managementcol C$485K
Owns and owesPt X
$659K
net assets · Ln 32
Cash and savingsLn 1–2$337K
Total assetsLn 16$2.6M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
6
listed · VII A
PaidVII A3
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.5M
Government grantsLn 1e$3.4M
Other incomeLn 4–11$146K
Total revenueLn 12$3.6M
Assets in detailPt X, end of year
CashLn 1$337K
Cash and savings togetherLn 1–2$337K
Land, buildings, equipmentLn 10c$1.3M
Total assetsLn 16$2.6M
LiabilitiesLn 26$2.0M
Net assetsLn 32$659K
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 FY21End FY21
Cash and savingsLn 1–2$639K$337K
Land, buildings, equipmentLn 10c$96K$1.3M
Total assetsLn 16$1.2M$2.6M
LiabilitiesLn 26$863K$2.0M
Net assetsLn 32$299K$659K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$271K$265K$5K
Other salaries and wagesLn 7$1.3M$1.3M$24K
Pension plan contributionsLn 8$196K$192K$4K
Other employee benefitsLn 9$178K$175K$4K
Payroll taxesLn 10$40K$40K$739
Legal feesLn 11b$17K$17K
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$376K$276K$100K
Advertising and promotionLn 12$14K$14K
Office expensesLn 13$52K$39K$13K
Information technologyLn 14$47K$47K
OccupancyLn 16$370K$230K$140K
TravelLn 17$90$90
Conferences, conventions and meetingsLn 19$460$460
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$30K$23K$8K
InsuranceLn 23$52K$52K
Other expenses (24a–d)Ln 24$215K$121K$94K
All other expensesLn 24e$21K$12K$9K
Total functional expensesLn 25$3.2M$2.8M$485K$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 Viewing $3.6M$3.2M$360K$659K 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $3,601,738 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,261,888$3,456,191
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $64,233$145,547
I-12 Total revenuePrior year $3,326,121$3,601,738
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 $2,349,217$2,030,445
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,340,766$1,211,065
I-18 Total expensesPrior year $3,689,983$3,241,510
I-19 Revenue less expensesPrior year −$363,862$360,228
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $3,601,738 across 5 lines filed
VIII-1e Government grants$3,404,450
VIII-1f All other contributions, gifts and grants$51,741
VIII-1h Total contributions, gifts and grants$3,456,191
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,321 · Excluded from tax $144,226$145,547
VIII-12 Total revenueRelated to mission $1,321 · Unrelated business $0 · Excluded from tax $144,226$3,601,738
Part IX · Statement of functional expenses $3,241,510 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $265,118 · Management $5,411$270,529
IX-7 Other salaries and wagesPrograms $1,320,726 · Management $24,279$1,345,005
IX-8 Pension plan contributionsPrograms $192,418 · Management $4,003$196,421
IX-9 Other employee benefitsPrograms $174,648 · Management $3,560$178,208
IX-10 Payroll taxesPrograms $39,543 · Management $739$40,282
IX-11b Legal feesManagement $16,679$16,679
IX-11c Accounting feesManagement $11,876$11,876
IX-11g Other fees for servicesPrograms $276,293 · Management $99,513$375,806
IX-12 Advertising and promotionPrograms $13,668$13,668
IX-13 Office expensesPrograms $39,345 · Management $13,103$52,448
IX-14 Information technologyPrograms $47,431$47,431
IX-16 OccupancyPrograms $230,044 · Management $139,837$369,881
IX-17 TravelPrograms $90$90
IX-19 Conferences, conventions and meetingsPrograms $460$460
IX-20 InterestManagement $3,960$3,960
IX-22 Depreciation, depletion and amortizationPrograms $22,836 · Management $7,612$30,448
IX-23 InsuranceManagement $51,971$51,971
IX-24 Other expenses (24a–d)Programs $121,277 · Management $93,736$215,013
IX-24e All other expensesPrograms $12,288 · Management $9,046$21,334
IX-25 Total functional expensesPrograms $2,756,185 · Management $485,325 · Fundraising $0$3,241,510
Part X · Balance sheet $2,639,501 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $638,581$336,905
X-4 Accounts receivableStart of year $424,990$953,190
X-9 Prepaid expenses and deferred chargesStart of year $2,038$51,797
X-10c Land, buildings and equipment, netStart of year $96,066$1,297,609
X-16 Total assetsStart of year $1,161,675$2,639,501
X-17 Accounts payable and accrued expensesStart of year $377,422$307,444
X-19 Deferred revenueStart of year $0$282,617
X-24 Unsecured notes and loans payableStart of year $485,214$1,390,173
X-26 Total liabilitiesStart of year $862,636$1,980,234
X-27 Net assets without donor restrictionsStart of year $299,039$659,267
X-32 Total net assets or fund balancesStart of year $299,039$659,267
X-33 Total liabilities and net assetsStart of year $1,161,675$2,639,501
Part XI · Reconciliation of net assets $659,267 net assets at year end
XI-1 Total revenue$3,601,738
XI-2 Total expenses$3,241,510
XI-3 Revenue less expenses$360,228
XI-4 Net assets at start of year$299,039
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$659,267

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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