Ofl Capistrano INC FY2024 filing

Tax-deductible

Pasadena, CA501(c)(3)Since 2019EducationEIN 83-3695152Revenue $4.4M in FY2024

On file with the IRSofl-sjc.org320 N Halstead St Ste 280, 91107-3117 · Pasadena, CATax-exempt since Sep 2019School — 170(b)(1)(A)(ii)

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Opportunities for learning (Ofl), a network of free public charter high schools in southern california, offers students a flexible, personalized approach to education.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$462K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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
6 of 6
filings with a surplus
Average surplus $497K a year · 9% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$462K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.0M
42% of total assets
Looks good: liabilities are 42% of assets; 50% or less.
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
$4.4M
+53% vs prior year
Spent
$4.3M
To programs
90%
Net assets
$2.7M
By yearFY2020–FY2025
Revenue
$4.4M
FY2024▲ +53%
Tap a bar for its year
Revenue by fiscal year
FY2020$8.8M
FY2021$8.8M
FY2022$2.2M
FY2023$2.9M
FY2024$4.4M
FY2025$4.6M
Expenses
$4.3M
FY2024▲ +53%
Tap a bar for its year
Expenses by fiscal year
FY2020$8.1M
FY2021$7.0M
FY2022$2.2M
FY2023$2.8M
FY2024$4.3M
FY2025$4.4M
Net assets
$2.7M
FY2024▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$640K
FY2021$2.4M
FY2022$2.4M
FY2023$2.5M
FY2024$2.7M
FY2025$2.8M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 ruling in Sep 2019.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $3.8M Management & general 10% · $430K

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

7 people listed on the 990; $462K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$151,304Pt VII · Sec A
Teacher
$107,821Pt VII · Sec A
Eld Teacher
$102,001Pt VII · Sec A
$100,854Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jessica Boucher’s $161K as Principal is at the 70th 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 · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jessica Boucher$161,390$151,304$148,525$143,906$151,804$138,423
Ken Devor$126,264$107,821————
Richard Neiswonger$117,954$100,854————
Sonia Duarte$114,407—————
Anthony Bustos$110,536$102,001————
Ileana Kiriakos$1,608—————

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 15aNo

Programs and updates

Provides students with flexible, personalized learning experiences.

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Provided by the organization

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1 program · $3.8M · in their own filed words · FY2023
01

Connect with students to empower and inspire them to achieve their goals and make their dreams a reality. The charter school provides independent study programs for individuals not attending traditional school. In the 2023-24 school year, the organization served 159 students in grades 9 through 12.

$3.8Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.4M
Ln 12
Gifts and grantsLn 1h$4.4M
Other incomeLn 4–11$4K
Money outPt IX
$4.3M
Ln 25
Programscol B$3.8M
Managementcol C$430K
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$3.4M
Total assetsLn 16$4.6M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
7
listed · VII A
PaidVII A4
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.4M
Government grantsLn 1e$4.4M
Other incomeLn 4–11$4K
Total revenueLn 12$4.4M
Assets in detailPt X, end of year
CashLn 1$3.4M
Cash and savings togetherLn 1–2$3.4M
Land, buildings, equipmentLn 10c$98K
Other assetsLn 15$395K
Total assetsLn 16$4.6M
LiabilitiesLn 26$2.0M
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 549
VolunteersI 63
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 FY24End FY24
Cash and savingsLn 1–2$3.5M$3.4M
Land, buildings, equipmentLn 10c$57K$98K
Total assetsLn 16$4.7M$4.6M
LiabilitiesLn 26$2.1M$2.0M
Net assetsLn 32$2.5M$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.7M$1.7M
Pension plan contributionsLn 8$48K$48K
Other employee benefitsLn 9$194K$194K
Payroll taxesLn 10$133K$133K
Management feesLn 11a$803K$597K$207K
Other fees for servicesLn 11g$418K$310K$108K
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$101K$101K
Information technologyLn 14$3K$3K
OccupancyLn 16$218K$218K
TravelLn 17$33K$29K$3K
Depreciation, depletion and amortizationLn 22$32K$32K
InsuranceLn 23$23K$23K
Other expenses (24a–d)Ln 24$530K$530K
Total functional expensesLn 25$4.3M$3.8M$430K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.6M$4.4M$174K$2.8M 990 PDF
FY2024 Viewing $4.4M$4.3M$169K$2.7M 990 PDF
FY2023 $2.9M$2.8M$97K$2.5M 990 PDF
FY2022 $2.2M$2.2M$10K$2.4M 990 PDF
FY2021 $8.8M$7.0M$1.8M$2.4M 990 PDF
FY2020 $8.8M$8.1M$760K$640K 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 $4,446,365 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,900,809$4,442,659
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$3,706
I-12 Total revenuePrior year $2,900,809$4,446,365
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 $1,488,220$2,104,909
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,315,656$2,172,204
I-18 Total expensesPrior year $2,803,876$4,277,113
I-19 Revenue less expensesPrior year $96,933$169,252
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $4,446,365 across 4 lines filed
VIII-1e Government grants$4,442,659
VIII-1h Total contributions, gifts and grants$4,442,659
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3,706$3,706
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $3,706$4,446,365
Part IX · Statement of functional expenses $4,277,113 across 14 lines filed
IX-7 Other salaries and wagesPrograms $1,730,605$1,730,605
IX-8 Pension plan contributionsPrograms $47,672$47,672
IX-9 Other employee benefitsPrograms $193,964$193,964
IX-10 Payroll taxesPrograms $132,668$132,668
IX-11a Management feesPrograms $596,613 · Management $206,813$803,426
IX-11g Other fees for servicesPrograms $310,134 · Management $107,507$417,641
IX-12 Advertising and promotionManagement $11,472$11,472
IX-13 Office expensesManagement $100,817$100,817
IX-14 Information technologyPrograms $3,301$3,301
IX-16 OccupancyPrograms $218,498$218,498
IX-17 TravelPrograms $29,232 · Management $3,279$32,511
IX-22 Depreciation, depletion and amortizationPrograms $32,162$32,162
IX-23 InsurancePrograms $22,687$22,687
IX-24 Other expenses (24a–d)Programs $529,689$529,689
IX-25 Total functional expensesPrograms $3,847,225 · Management $429,888 · Fundraising $0$4,277,113
Part X · Balance sheet $4,642,209 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $3,516,038$3,391,223
X-4 Accounts receivableStart of year $573,751$718,786
X-9 Prepaid expenses and deferred chargesStart of year $27,080$39,276
X-10c Land, buildings and equipment, netStart of year $57,220$98,041
X-15 Other assetsStart of year $483,978$394,883
X-16 Total assetsStart of year $4,658,067$4,642,209
X-17 Accounts payable and accrued expensesStart of year $795,811$993,593
X-19 Deferred revenueStart of year $875,616$576,565
X-25 Other liabilitiesStart of year $468,450$384,609
X-26 Total liabilitiesStart of year $2,139,877$1,954,767
X-27 Net assets without donor restrictionsStart of year $2,518,190$2,687,442
X-32 Total net assets or fund balancesStart of year $2,518,190$2,687,442
X-33 Total liabilities and net assetsStart of year $4,658,067$4,642,209
Part XI · Reconciliation of net assets $2,687,442 net assets at year end
XI-1 Total revenue$4,446,365
XI-2 Total expenses$4,277,113
XI-3 Revenue less expenses$169,252
XI-4 Net assets at start of year$2,518,190
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,687,442

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

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