Palisades Charter High School EIN 92-0184898

Palisades Charter High School FY2021 filing

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Educates nearly 3,000 high school students from across greater Los Angeles. For fiscal year 2021 it reported $43.1M in revenue, $29.3M in expenses, and $6.9M in net assets.Pt I

Founded
2003
Type
Public charity (501(c)(3)) · Education
Location
Pacific Palasades, CA
Website
www.palihigh.org
Filings
5 on file (2020–2021)
Revenue
$43.1MFY2021
Expenses
$29.3M
Net assets
$6.9M
People
20
Filings
5
Updates
0
More identity details & actions ⌄
EIN  92-0184898 Public charity (501(c)(3)) Pacific Palasades, CA Founded 2003
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 7/9/26 · see original: IRS
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Size
$10–100M
What they do
Educates nearly 3,000 high school students from across greater Los Angeles.
Leadership
Pam Magee · Executive Director/Principal · $223K
Money in and out
$43.1M revenue, $29.3M expenses
Bottom line
82% program efficiency
Where the money goes · FY2021
Total revenue
$43.1M
Pt VIII · Ln 12
Total expenses
$29.3M
Pt IX · Ln 25
Net assets
$6.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $13.9M
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.17 Fundraising $0.01
Program efficiency
82%
of spending reaches programs
Operating runway
6.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+32%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$43.1M
FY2021▲ +18%
Expenses
$29.3M
FY2021▼ -21%
Total assets
$26.4M
FY2021▲ +10%
Total liabilities
$19.5M
FY2021▼ -37%
Total revenue
$43.1M
Pt VIII · Ln 12
Total expenses
$29.3M
Pt IX · Ln 25
Net assets
$6.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$13.9M
Total assetsPt X · Ln 16$26.4M
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $24.0M of program spending, described in the organization's own filed words · FY2020.
01

As a non-profit public high school serving students in grades 9-12, palisades charter high school serves in excess of 3,000 students from over 100 zip codes in the greater los angeles area by providing education and instruction.

$24.0Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPalisades Charter High School
EINHdr · item D92-0184898
Principal addressHdr · item CPacific Palasades, CA
WebsiteHdr · item Jwww.palihigh.org
Year of formationHdr · item L2003
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B29)
Ruling yearIRS BMFDec 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director/Principal
$222,804Pt VII · Sec A
Director of Special Education
$147,833Pt VII · Sec A
Assitant Principal
$147,607Pt VII · Sec A
Diretctor of Operations
$147,145Pt VII · Sec A
Assitant Principal
$147,145Pt VII · Sec A
$145,953Pt VII · Sec A
Trustee/Faculty
$136,668Pt VII · Sec A
Former Cbo
$116,990Pt VII · Sec A

Pamela Magee’s $254K as Executive Director/Principal is at the 54th percentile of top reported officer pay among 3682 $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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Pamela Magee$253,513$242,278$251,271
Pam Magee$217,955$222,804
Dr Pamela Magee$218,030
Donald Parcell$201,685$166,938$145,659$147,145$141,925
David Suarez$183,255$177,387$168,366
Chris Lee$171,017$175,679$149,338$147,607
Juan Pablo Herrera$167,512$168,741$137,378$44,303
Monica Iannessa$159,695$164,546$141,529

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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Statement of Revenue

Part VIII
Contributions & grants$42.8M · 99%
Program service revenue$266K · 1%
Contributions & grants99%$42.8M
Program service revenue1%$266K
Investment income$84K
Other revenue$16K
— government grantsLn 1e$42.4M
Total revenueLn 12$43.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.17 Fundraising $0.01
Program services82%$24.0M
Management & general17%$5.0M
Fundraising1%$295K
Total functional expensesLn 25$29.3M

Balance Sheet

Part X · end of year
CashLn 1$15.9M
Total assetsLn 16$26.4M
Total liabilitiesLn 26$19.5M
Total net assetsLn 32$6.9M
Months of cash on handcomputed6.5

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $15.9M · Operating expenses/yr $29.3M
6.5 months
Where the money goes
Program services
Program services $24.0M · Total expenses $29.3M
82%
Management & General
Management & general $5.0M · Total expenses $29.3M
17%
Fundraising
Fundraising $295K · Total expenses $29.3M
1%
Cost to raise $1
Fundraising expense (2-yr avg) $252K · Solicited contributions (2-yr avg) $466K
$0.54 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $42.8M · Total revenue $43.1M
99%
Government reliance
Government grants $42.4M · Total revenue $43.1M
98%
Earned-income share
Program service revenue $266K · Total revenue $43.1M
0.6%
Investment reliance
Investment income $84K · Total revenue $43.1M
+0.2%
Program self-sufficiency
Program service revenue $266K · Total expenses $29.3M
0.9%
Growth & trend
Revenue growth (YoY)
This year $43.1M · Prior year $36.7M
+18%
Net-asset trend (YoY)
End of year $6.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $43.1M · Expenses $29.3M
+32%
Liabilities-to-Assets
Total liabilities — · Total assets $26.4M
Net-asset ratio
Net assets $6.9M · Total assets $26.4M
26%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $26.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Pam Magee · Reported title EXECUTIVE DIRECTOR/PRINCIPAL · Highest reported compensation $223K · Total expenses $29.3M
0.8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $22.2M · Total expenses $29.3M
76%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 17%
Fundraising cost ratio 0.7%
Revenue growth 18%
Legal fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$6K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$47.1M revenue · ⤓ 990 PDF
FY2023$45.0M revenue · ⤓ 990 PDF
FY2022$41.1M revenue · ⤓ 990 PDF
FY2021$43.1M revenue · viewing · ⤓ 990 PDF
FY2020$36.7M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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