Charter Foundation EIN 94-3314538

Charter Foundation FY2021 filing

EIN  94-3314538 Public charity (501(c)(3)) Sebastopol, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports charter schools using the Waldorf Curriculum with facilities and resources.
Leadership
Camelia Patino · President
Money in and out
$110K revenue, $81K expenses
Bottom line
70% program efficiency

Supports charter schools using the Waldorf Curriculum with facilities and resources. For fiscal year 2021 it reported $110K in revenue, $81K in expenses, and $5.2M in net assets.Pt I

Where the money goes · FY2021
Total revenue
$110K
Pt VIII · Ln 12
Total expenses
$81K
Pt IX · Ln 25
Net assets
$5.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $29K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.26 Fundraising $0.04
Program efficiency
70%
of spending reaches programs
Operating runway
64.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+26%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$110K
FY2021▲ +8%
Expenses
$81K
FY2021▼ -64%
Total assets
$9.5M
FY20210%
Total liabilities
$4.3M
FY2021▼ -2%
Total revenue
$110K
Pt VIII · Ln 12
Total expenses
$81K
Pt IX · Ln 25
Net assets
$5.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$29K
Total assetsPt X · Ln 16$9.5M
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $56K of program spending, described in the organization's own filed words · FY2020.
01

The Foundation holds the vision, present from the Schools inception, to acquire or create a unified campus, with all grades and administration under one roof and adequate space to support comfortably the full range of our students educational, artistic and physical needs.the Foundation also exists to support the School in maintaining its…

$56Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCharter Foundation
EINHdr · item D94-3314538
Principal addressHdr · item CSebastopol, CA
WebsiteHdr · item Jthecharterfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFJan 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
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
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
$0Pt VII · Sec A
See Charter Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$289K · 263%
Program service revenue$2K · 2%
Investment income$2K · 2%
Contributions & grants263%$289K
Program service revenue2%$2K
Investment income2%$2K
Total revenueLn 12$110K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.26 Fundraising $0.04
Program services70%$56K
Management & general26%$21K
Fundraising4%$3K
Total functional expensesLn 25$81K

Balance Sheet

Part X · end of year
CashLn 1$434K
Total assetsLn 16$9.5M
Total liabilitiesLn 26$4.3M
Total net assetsLn 32$5.2M
Months of cash on handcomputed64.3

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $434K · Operating expenses/yr $81K
64.3 months
Where the money goes
Program services
Program services $56K · Total expenses $81K
70%
Management & General
Management & general $21K · Total expenses $81K
26%
Fundraising
Fundraising $3K · Total expenses $81K
4%
Cost to raise $1
Fundraising expense (2-yr avg) $3K · Solicited contributions (2-yr avg) $295K
$0.01 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $289K · Total revenue $110K
263%
Government reliance
Government grants — · Total revenue $110K
Earned-income share
Program service revenue $2K · Total revenue $110K
2%
Investment reliance
Investment income $2K · Total revenue $110K
+2%
Program self-sufficiency
Program service revenue $2K · Total expenses $81K
2%
Growth & trend
Revenue growth (YoY)
This year $110K · Prior year $102K
+8%
Net-asset trend (YoY)
End of year $5.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $110K · Expenses $81K
+26%
Liabilities-to-Assets
Total liabilities — · Total assets $9.5M
Net-asset ratio
Net assets $5.2M · Total assets $9.5M
55%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $9.5M
0%
People & payroll
Highest Reported Total Compensation
Individual Camelia Patino · Reported title President · Highest reported compensation $0 · Total expenses $81K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $65K · Total expenses $81K
81%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 26%
Fundraising cost ratio 1%
Revenue growth 8%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$20K
Grants paid · 4 grants · $461K · 2019–2024
Sebastopol Ind Charter SchoolFY2024$150,000
Sebastopol Ind Charter SchoolFY2023$181,551
Sebastopol Ind Charter SchoolFY2021$5,020
Sebastopol Ind Charter SchoolFY2019$124,222

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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
FY2025 (Latest)$248K revenue · ⤓ 990 PDF
FY2024$222K revenue · ⤓ 990 PDF
FY2023$187K revenue · ⤓ 990 PDF
FY2022$116K revenue · ⤓ 990 PDF
FY2021$110K revenue · viewing · ⤓ 990 PDF
FY2020$102K 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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