Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1998.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
88 cents of each dollar spent went to programs.
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
32 people listed on the 990; $2.3M paid to officers and key staff.
Chris Hero’s $241K as Chief Operating Officer is at the 50th 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
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Chris Hero | $240,644 | $197,527 | $192,085 | $195,273 | $177,325 | $181,362 |
| Sharon Olken | — | $118,899 | $206,259 | $220,579 | $211,628 | $208,327 |
| Aaron Watson | $204,456 | $199,409 | $164,502 | — | — | — |
| Alicia Montgomergy | $194,560 | — | — | — | — | — |
| Chanda Lockhart | $182,386 | $180,583 | $146,971 | — | — | — |
| Vidyananda David-Valentine | $161,513 | $153,183 | $149,496 | — | — | — |
| Stephanie Khaziran | $156,579 | $147,561 | $145,306 | — | — | — |
| Rebecca Wieder | $154,296 | $145,439 | $141,568 | — | — | — |
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 charter schools to prepare diverse students for college and future success.
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Operation of Two (2) Public Charter Schools
Gateway middle school and gateway high school. As model public charter schools, we are committed to serving a student body that reflects the diversity of san francisco, including a special emphasis on students with diagnosed learning disabilities, and helping each and every one of our students get into college and thrive.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $455K | $751K |
| InvestmentsLn 11–13 | $8.2M | $8.5M |
| Land, buildings, equipmentLn 10c | $1.1M | $1.2M |
| Total assetsLn 16 | $12.1M | $12.6M |
| LiabilitiesLn 26 | $3.2M | $3.0M |
| Net assetsLn 32 | $8.9M | $9.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $1.1M | $861K | $225K | |
| Other salaries and wagesLn 7 | $8.2M | $7.3M | $366K | $451K |
| Pension plan contributionsLn 8 | $1.7M | $1.6M | $79K | $61K |
| Other employee benefitsLn 9 | $1.1M | $966K | $71K | $54K |
| Payroll taxesLn 10 | $302K | $267K | $20K | $15K |
| Legal feesLn 11b | $24K | $24K | ||
| Accounting feesLn 11c | $19K | $19K | ||
| Other fees for servicesLn 11g | $942K | $756K | $163K | $22K |
| Advertising and promotionLn 12 | $51K | $51K | ||
| Office expensesLn 13 | $108K | $48K | $60K | |
| Information technologyLn 14 | $116K | $116K | ||
| OccupancyLn 16 | $961K | $961K | ||
| TravelLn 17 | $48K | $48K | ||
| Conferences, conventions and meetingsLn 19 | $162K | $162K | ||
| Depreciation, depletion and amortizationLn 22 | $279K | $241K | $38K | |
| InsuranceLn 23 | $168K | $107K | $55K | $6K |
| Other expenses (24a–d)Ln 24 | $498K | $356K | $3K | $139K |
| Total functional expensesLn 25 | $15.7M | $13.8M | $1.2M | $748K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $15.1M | $15.7M | −$626K | $8.9M | 990 PDF |
| FY2023 | $15.3M | $14.7M | $617K | $9.0M | 990 PDF |
| FY2022 | $14.0M | $13.1M | $911K | $8.0M | 990 PDF |
| FY2021 | $13.5M | $11.4M | $2.1M | $7.9M | 990 PDF |
| FY2020 | $10.9M | $11.5M | −$531K | $4.9M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $15,749,059 revenue, 12 lines filed
Part VI · Governance 16 of 20 board members independent, no flags
Part VIII · Statement of revenue $15,749,059 across 8 lines filed
Part IX · Statement of functional expenses $15,749,670 across 17 lines filed
Part X · Balance sheet $12,585,812 assets, 16 lines filed
Part XI · Reconciliation of net assets $9,568,170 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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