Develop the individual gifts of students in tulare county and adjacent counties to become proficient in common core state standards and become critical thinkers, responsible citizens, and innovative leaders prepared for academic and real-life achievement in the 21st century.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Run by 6 volunteers and 105 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
6 of 6
filings with a surplus
Average surplus $1.2M a year · 8% 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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.2M
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
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.0M
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$24.6M
+17% vs prior year
Spent
$22.3M
To programs
87%
Net assets
$7.4M
By yearFY2020–FY2025
Revenue
$24.6M
FY2025▲ +17%
Tap a bar for its year
Revenue by fiscal year
FY2020$8.7M
FY2021$10.1M
FY2022$13.0M
FY2023$18.8M
FY2024$21.0M
FY2025$24.6M
Expenses
$22.3M
FY2025▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$8.1M
FY2021$8.6M
FY2022$11.9M
FY2023$17.5M
FY2024$20.4M
FY2025$22.3M
Net assets
$7.4M
FY2025▲ +47%
Tap a bar for its year
Net assets by fiscal year
FY2020$607K
FY2021$2.1M
FY2022$3.1M
FY2023$4.5M
FY2024$5.1M
FY2025$7.4M

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 Sep 2020.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $19.3M Management & general 13% · $2.9M

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

13 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Superintendent
$176,087Pt VII · Sec A
Deputy Director
$169,943Pt VII · Sec A
Assistant Superintendent
$161,235Pt VII · Sec A
Director of HR
$143,324Pt VII · Sec A
Director of Student Services
$138,260Pt VII · Sec A
Teacher
$137,461Pt VII · Sec A
Speech Pathologist
$136,193Pt VII · Sec A
$125,353Pt VII · Sec A

Stephanie Johnson’s $176K as Superintendent is at the 27th percentile of top reported officer pay among 3683 $10–100M 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Laurie Goodman———$180,423$128,658$45,150
Stephanie Johnson$176,087$170,453$160,966$157,604$101,504—
Steven James$169,943$163,354$158,256$154,890——
Jenny Plumb$161,235$159,443$139,095$130,246——
Damien Phillips$143,324$131,797$110,931———
Cynthia Nabors$136,193$142,033————
Barbara Bolanos$138,260$134,130$106,360———
Foua Yang$137,461$126,503————

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

Operates a public charter school for grades K-12 in Tulare County.

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1 program · $19.3M · in their own filed words · FY2024
01

Operation of a public charter school in tulare county serving students in grades k-12. At monarch river academy, we have goals for our students that are known as schoolwide learner outcomes that reflect our school vision of college and career readiness and the education of the whole child.

$19.3Mprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$24.6M
Ln 12
Gifts and grantsLn 1h$18.9M
Other incomeLn 4–11$5.7M
Investment incomeLn 3$12K
Money outPt IX
$22.3M
Ln 25
Programscol B$19.3M
Managementcol C$2.9M
Owns and owesPt X
$7.4M
net assets · Ln 32
Cash and savingsLn 1–2$6.9M
Total assetsLn 16$9.5M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
13
listed · VII A
PaidVII A10
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$18.9M
Government grantsLn 1e$18.9M
Investment incomeLn 3$12K
Other incomeLn 4–11$5.7M
Total revenueLn 12$24.6M
Assets in detailPt X, end of year
CashLn 1$6.9M
Cash and savings togetherLn 1–2$6.9M
Land, buildings, equipmentLn 10c$31K
Total assetsLn 16$9.5M
LiabilitiesLn 26$2.0M
Net assetsLn 32$7.4M
OperationsPt I, VI
EmployeesI 5105
VolunteersI 66
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$4.5M$6.9M
Land, buildings, equipmentLn 10c$87K$31K
Total assetsLn 16$7.3M$9.5M
LiabilitiesLn 26$2.3M$2.0M
Net assetsLn 32$5.1M$7.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$190K$190K
Other salaries and wagesLn 7$7.9M$7.0M$920K
Pension plan contributionsLn 8$2.0M$1.8M$239K
Other employee benefitsLn 9$1.1M$808K$285K
Payroll taxesLn 10$149K$130K$18K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$380K$380K
Other fees for servicesLn 11g$1.8M$1.8M$71K
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$11K$11K
Information technologyLn 14$14K$14K
OccupancyLn 16$30K$420$29K
TravelLn 17$104K$104K
Conferences, conventions and meetingsLn 19$28K$28K
Depreciation, depletion and amortizationLn 22$56K$56K
InsuranceLn 23$239K$239K
Other expenses (24a–d)Ln 24$8.2M$7.7M$469K
Total functional expensesLn 25$22.3M$19.3M$2.9M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $24.6M$22.3M$2.4M$7.4M 990 PDF
FY2024 $21.0M$20.4M$602K$5.1M 990 PDF
FY2023 $18.8M$17.5M$1.3M$4.5M 990 PDF
FY2022 $13.0M$11.9M$1.1M$3.1M 990 PDF
FY2021 $10.1M$8.6M$1.5M$2.1M 990 PDF
FY2020 $8.7M$8.1M$607K$607K 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 J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $24,638,813 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $16,588,524$18,907,852
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $17,755$12,368
I-11 Other revenuePrior year $4,390,458$5,718,593
I-12 Total revenuePrior year $20,996,737$24,638,813
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 $10,760,197$11,388,993
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $9,634,711$10,879,276
I-18 Total expensesPrior year $20,394,908$22,268,269
I-19 Revenue less expensesPrior year $601,829$2,370,544
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $24,638,813 across 5 lines filed
VIII-1e Government grants$18,907,852
VIII-1h Total contributions, gifts and grants$18,907,852
VIII-3 Investment incomeExcluded from tax $12,368$12,368
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,718,593$5,718,593
VIII-12 Total revenueRelated to mission $5,718,593 · Unrelated business $0 · Excluded from tax $12,368$24,638,813
Part IX · Statement of functional expenses $22,268,269 across 17 lines filed
IX-5 Pay of current officers, directors and key staffManagement $190,103$190,103
IX-7 Other salaries and wagesPrograms $7,007,884 · Management $920,266$7,928,150
IX-8 Pension plan contributionsPrograms $1,789,586 · Management $239,382$2,028,968
IX-9 Other employee benefitsPrograms $808,348 · Management $284,690$1,093,038
IX-10 Payroll taxesPrograms $130,500 · Management $18,234$148,734
IX-11b Legal feesManagement $6,036$6,036
IX-11c Accounting feesManagement $379,997$379,997
IX-11g Other fees for servicesPrograms $1,774,481 · Management $71,364$1,845,845
IX-12 Advertising and promotionPrograms $9,156$9,156
IX-13 Office expensesManagement $11,092$11,092
IX-14 Information technologyManagement $13,640$13,640
IX-16 OccupancyPrograms $420 · Management $29,211$29,631
IX-17 TravelPrograms $103,510$103,510
IX-19 Conferences, conventions and meetingsPrograms $27,665$27,665
IX-22 Depreciation, depletion and amortizationManagement $55,613$55,613
IX-23 InsuranceManagement $238,684$238,684
IX-24 Other expenses (24a–d)Programs $7,689,294 · Management $469,113$8,158,407
IX-25 Total functional expensesPrograms $19,340,844 · Management $2,927,425 · Fundraising $0$22,268,269
Part X · Balance sheet $9,456,819 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $4,503,890$6,923,889
X-4 Accounts receivableStart of year $2,555,011$2,421,672
X-9 Prepaid expenses and deferred chargesStart of year $183,842$80,197
X-10c Land, buildings and equipment, netStart of year $86,674$31,061
X-16 Total assetsStart of year $7,329,417$9,456,819
X-17 Accounts payable and accrued expensesStart of year $857,127$1,032,021
X-19 Deferred revenueStart of year $1,405,527$987,491
X-26 Total liabilitiesStart of year $2,262,654$2,019,512
X-27 Net assets without donor restrictionsStart of year $5,066,763$7,437,307
X-32 Total net assets or fund balancesStart of year $5,066,763$7,437,307
X-33 Total liabilities and net assetsStart of year $7,329,417$9,456,819
Part XI · Reconciliation of net assets $7,437,307 net assets at year end
XI-1 Total revenue$24,638,813
XI-2 Total expenses$22,268,269
XI-3 Revenue less expenses$2,370,544
XI-4 Net assets at start of year$5,066,763
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,437,307

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

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