Ilead Agua Dulce

Tax-deductible

Agua Dulce, CA501(c)(3)Since 2018EducationEIN 83-1193415Revenue $5.5M in FY2024

On file with the IRSileadaguadulce.org11311 Frascati St, 91390-4840 · Agua Dulce, CATax-exempt since Jul 2019School — 170(b)(1)(A)(ii)

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The mission of Ilead Agua-Dulce charter school will be to empower students to become conscientious, compassionate, and responsible citizens of the world.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Run by 5 volunteers and 70 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $212K a year · 6% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 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
$70K
to officers and key staff · 1% of spending
Top officer’s pay lower than 86% of similar orgs
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $299
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
53% of total assets
Fine: liabilities are 53% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.5M
+11% vs prior year
Spent
$5.5M
To programs
91%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$5.5M
FY2024▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.4M
FY2021$3.0M
FY2022$3.7M
FY2023$4.2M
FY2024$5.0M
FY2024$5.5M
Expenses
$5.5M
FY2024▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.1M
FY2021$2.6M
FY2022$3.5M
FY2023$4.1M
FY2024$4.8M
FY2024$5.5M
Net assets
$1.2M
FY2024▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$318K
FY2021$646K
FY2022$889K
FY2023$1.0M
FY2024$1.2M
FY2024$1.2M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2019.

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% · $5.0M Management & general 9% · $469K

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

5 people listed on the 990; $70K paid to officers and key staff.

Part VII, Section A · reportable compensation
Site Director
$70,000Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Wendy Maxwell’s $70K as Site Director is at the 14th 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 · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Lisa Latimer—$114,018$106,439$92,925$91,265$89,682
Wendy Maxwell$70,000—————

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 in transitional kindergarten through 11th grade.

Questions for Ilead Agua Dulce

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Provided by the organization

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1 program · $5.0M · in their own filed words · FY2024
01

Ilead agua dulce is a tuition-free, non-profit, public charter that educates learners in grades TK-12. Our school offers a learner-centered approach to education that focuses on project-based learning and social-emotional learning principles that adhere to the common core standards.

$5.0Mprogram 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 · FY2023
Total grants receivedfrom 1 funder$299

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$5.5M
Ln 12
Gifts and grantsLn 1h$5.4M
Fees for servicesLn 2g$38K
Investment incomeLn 3$35K
Money outPt IX
$5.5M
Ln 25
Programscol B$5.0M
Managementcol C$469K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$2.5M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.4M
Government grantsLn 1e$5.4M
Fundraising eventsLn 1c$47K
Fees for servicesLn 2g$38K
Investment incomeLn 3$35K
Total revenueLn 12$5.5M
Assets in detailPt X, end of year
CashLn 1$1.5M
Cash and savings togetherLn 1–2$1.5M
Other assetsLn 15$2K
Total assetsLn 16$2.5M
LiabilitiesLn 26$1.3M
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 570
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.8M$1.5M
Total assetsLn 16$2.6M$2.5M
LiabilitiesLn 26$1.5M$1.3M
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$141K$49K$92K
Other salaries and wagesLn 7$2.2M$2.2M$28K
Pension plan contributionsLn 8$445K$429K$16K
Other employee benefitsLn 9$187K$178K$9K
Payroll taxesLn 10$119K$113K$6K
Legal feesLn 11b$125K$100K$25K
Accounting feesLn 11c$28K$28K
Other fees for servicesLn 11g$184K$158K$27K
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$36K$35K$1K
Information technologyLn 14$24K$23K$666
OccupancyLn 16$556K$528K$28K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$8K$8K
InterestLn 20$33$33
Depreciation, depletion and amortizationLn 22$19K$18K$936
InsuranceLn 23$34K$33K$2K
Other expenses (24a–d)Ln 24$1.3M$1.1M$195K
Total functional expensesLn 25$5.5M$5.0M$469K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $5.0M$4.8M$140K$1.2M 990 PDF
FY2023 $4.2M$4.1M$137K$1.0M 990 PDF
FY2022 $3.7M$3.5M$204K$889K 990 PDF
FY2021 $3.0M$2.6M$329K$646K 990 PDF
FY2020 $2.4M$2.1M$249K$318K 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 FY2024 990 (6 parts)
Part I · Summary $5,489,165 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,886,988$5,416,287
I-9 Program service revenuePrior year $38,380$38,072
I-10 Investment incomePrior year $0$35,129
I-11 Other revenuePrior year $30,631−$323
I-12 Total revenuePrior year $4,955,999$5,489,165
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 $2,784,373$3,108,132
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,031,691$2,368,478
I-18 Total expensesPrior year $4,816,064$5,476,610
I-19 Revenue less expensesPrior year $139,935$12,555
Part VI · Governance 4 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
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-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,489,165 across 10 lines filed
VIII-1c Fundraising events$47,408
VIII-1e Government grants$5,350,549
VIII-1f All other contributions, gifts and grants$18,330
VIII-1h Total contributions, gifts and grants$5,416,287
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $38,072$38,072
VIII-3 Investment incomeExcluded from tax $35,129$35,129
VIII-6 Net rental income or lossExcluded from tax $400$400
VIII-8 Net income from fundraising eventsExcluded from tax −$15,080−$15,080
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $14,357$14,357
VIII-12 Total revenueRelated to mission $38,072 · Unrelated business $0 · Excluded from tax $34,806$5,489,165
Part IX · Statement of functional expenses $5,476,610 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $49,315 · Management $91,585$140,900
IX-7 Other salaries and wagesPrograms $2,188,225 · Management $28,201$2,216,426
IX-8 Pension plan contributionsPrograms $428,934 · Management $16,255$445,189
IX-9 Other employee benefitsPrograms $177,711 · Management $9,354$187,065
IX-10 Payroll taxesPrograms $112,626 · Management $5,926$118,552
IX-11b Legal feesPrograms $99,668 · Management $24,917$124,585
IX-11c Accounting feesManagement $27,799$27,799
IX-11g Other fees for servicesPrograms $157,606 · Management $26,784$184,390
IX-12 Advertising and promotionManagement $11,400$11,400
IX-13 Office expensesPrograms $35,374 · Management $1,021$36,395
IX-14 Information technologyPrograms $23,132 · Management $666$23,798
IX-16 OccupancyPrograms $527,740 · Management $27,776$555,516
IX-17 TravelPrograms $2,201$2,201
IX-19 Conferences, conventions and meetingsPrograms $7,825$7,825
IX-20 InterestManagement $33$33
IX-22 Depreciation, depletion and amortizationPrograms $17,791 · Management $936$18,727
IX-23 InsurancePrograms $32,579 · Management $1,715$34,294
IX-24 Other expenses (24a–d)Programs $1,146,435 · Management $195,080$1,341,515
IX-25 Total functional expensesPrograms $5,007,162 · Management $469,448 · Fundraising $0$5,476,610
Part X · Balance sheet $2,516,209 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,766,952$1,496,984
X-4 Accounts receivableStart of year $791,195$901,010
X-9 Prepaid expenses and deferred chargesStart of year $11,064$78,400
X-14 Intangible assetsStart of year $56,179$37,452
X-15 Other assetsStart of year $2,363$2,363
X-16 Total assetsStart of year $2,627,753$2,516,209
X-17 Accounts payable and accrued expensesStart of year $1,073,836$1,116,437
X-19 Deferred revenueStart of year $387,858$221,158
X-26 Total liabilitiesStart of year $1,461,694$1,337,595
X-27 Net assets without donor restrictionsStart of year $1,166,059$1,178,614
X-32 Total net assets or fund balancesStart of year $1,166,059$1,178,614
X-33 Total liabilities and net assetsStart of year $2,627,753$2,516,209
Part XI · Reconciliation of net assets $1,178,614 net assets at year end
XI-1 Total revenue$5,489,165
XI-2 Total expenses$5,476,610
XI-3 Revenue less expenses$12,555
XI-4 Net assets at start of year$1,166,059
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,178,614

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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