Page Academy FY2021 filing

Tax-deductible

Costa Mesa, CA501(c)(3)EducationEIN 95-1831061Revenue $4.1M in FY2021

On file with the IRSpageacademy.com657 Victoria St, 92627-2526 · Costa Mesa, CATax-exempt since Feb 1940School — 170(b)(1)(A)(ii)

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Provide quality pre & elementary school education to children from 2 years old to grade eight.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
$317K 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

FY2021 · 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
1 of 4
filings with a surplus
Average deficit $720K a year · 17% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$317K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
24 mo
of spending, in cash
Looks good: 24.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $31
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.2M
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 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
$4.1M
Spent
$3.8M
To programs
73%
Net assets
$21.5M
By yearFY2021–FY2025
Revenue
$4.1M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$4.1M
FY2023$4.3M
FY2024$4.6M
FY2025$3.7M
Expenses
$3.8M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$3.8M
FY2023$5.3M
FY2024$5.2M
FY2025$5.3M
Net assets
$21.5M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$21.5M
FY2023$19.3M
FY2024$18.8M
FY2025$17.2M

From the FY2021 Form 990 (year ending July 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Feb 1940.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $2.8M Management & general 27% · $1.0M

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; $317K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$124,350Pt VII · Sec A
President Until 7/30/20
$112,478Pt VII · Sec A
$78,906Pt VII · Sec A
Board Member
$500Pt VII · Sec A
Board Member
$500Pt VII · Sec A
Board Member
$500Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A

Karen L Kral’s $123K as Executive Director is at the 48th 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 · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2021
Karen L Kral$123,259$123,259$121,209$124,350
Kristin Dickson$121,052$121,052$121,052$78,906
Charles Vaughan Former Pres———$112,478
Matt Dickson$40,000$40,000$52,727—
Yvonne Everson——$500$500
Patrick Hamilton——$500$500
Dana Pollock——$500$500

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Educates children from age two through eighth grade.

Questions for Page Academy

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Provided by the organization

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1 program · $2.8M · in their own filed words · FY2020
01

The organization provided quality education at the pre-school and elementary school level for 210 students on a daily basis during the current fiscal year.

$2.8Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$31

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$4.1M
Ln 12
Fees for servicesLn 2g$3.3M
Other incomeLn 4–11$556K
Gifts and grantsLn 1h$189K
Money outPt IX
$3.8M
Ln 25
Programscol B$2.8M
Managementcol C$1.0M
Owns and owesPt X
$21.5M
net assets · Ln 32
Cash and savingsLn 1–2$7.7M
Total assetsLn 16$22.7M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
7
listed · VII A
PaidVII A6
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$189K
Government grantsLn 1e$189K
Fees for servicesLn 2g$3.3M
Investment incomeLn 3$14K
Other incomeLn 4–11$556K
Gains on assetsLn 7−$2K
Total revenueLn 12$4.1M
Assets in detailPt X, end of year
CashLn 1$2.2M
SavingsLn 2$5.6M
Cash and savings togetherLn 1–2$7.7M
InvestmentsLn 11–13$9.7M
Land, buildings, equipmentLn 10c$4.8M
Other assetsLn 15$162K
Total assetsLn 16$22.7M
LiabilitiesLn 26$1.2M
Net assetsLn 32$21.5M
OperationsPt I, VI
EmployeesI 583
VolunteersI 60
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$13.1M$7.7M
InvestmentsLn 11–13$11.3M$9.7M
Land, buildings, equipmentLn 10c$5.1M$4.8M
Total assetsLn 16$29.7M$22.7M
LiabilitiesLn 26$2.4M$1.2M
Net assetsLn 32$27.3M$21.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$96K$96K
Other salaries and wagesLn 7$2.1M$1.6M$474K
Payroll taxesLn 10$249K$175K$73K
Accounting feesLn 11c$28K$28K
Investment management feesLn 11f$24K$24K
Advertising and promotionLn 12$29K$29K
Office expensesLn 13$73K$34K$39K
TravelLn 17$695$695
Depreciation, depletion and amortizationLn 22$304K$273K$30K
InsuranceLn 23$197K$149K$47K
Other expenses (24a–d)Ln 24$539K$404K$134K
All other expensesLn 24e$186K$125K$61K
Total functional expensesLn 25$3.8M$2.8M$1.0M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.7M$5.3M−$1.6M$17.2M 990 PDF
FY2024 $4.6M$5.2M−$541K$18.8M 990 PDF
FY2023 $4.3M$5.3M−$1.0M$19.3M 990 PDF
FY2022 Not on file
FY2021 Viewing $4.1M$3.8M$280K$21.5M 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 FY2021 990 (6 parts)
Part I · Summary $4,082,732 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $297,824$188,576
I-9 Program service revenuePrior year $3,032,910$3,324,487
I-10 Investment incomePrior year $56,160$13,540
I-11 Other revenuePrior year −$175,662$556,129
I-12 Total revenuePrior year $3,211,232$4,082,732
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 $2,380,962$2,422,154
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,425,515$1,380,281
I-18 Total expensesPrior year $3,806,477$3,802,435
I-19 Revenue less expensesPrior year −$595,245$280,297
Part VI · Governance 4 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $4,082,732 across 8 lines filed
VIII-1e Government grants$188,576
VIII-1h Total contributions, gifts and grants$188,576
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,324,487$3,324,487
VIII-3 Investment incomeExcluded from tax $15,978$15,978
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$2,438−$2,438
VIII-8 Net income from fundraising eventsExcluded from tax $33,164$33,164
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $522,965$522,965
VIII-12 Total revenueRelated to mission $3,324,487 · Unrelated business $0 · Excluded from tax $569,669$4,082,732
Part IX · Statement of functional expenses $3,802,435 across 12 lines filed
IX-5 Pay of current officers, directors and key staffManagement $95,618$95,618
IX-7 Other salaries and wagesPrograms $1,603,696 · Management $474,270$2,077,966
IX-10 Payroll taxesPrograms $175,242 · Management $73,328$248,570
IX-11c Accounting feesManagement $27,720$27,720
IX-11f Investment management feesManagement $23,978$23,978
IX-12 Advertising and promotionManagement $29,461$29,461
IX-13 Office expensesPrograms $34,016 · Management $39,137$73,153
IX-17 TravelPrograms $695$695
IX-22 Depreciation, depletion and amortizationPrograms $273,323 · Management $30,369$303,692
IX-23 InsurancePrograms $149,365 · Management $47,288$196,653
IX-24 Other expenses (24a–d)Programs $404,166 · Management $134,425$538,591
IX-24e All other expensesPrograms $125,089 · Management $61,249$186,338
IX-25 Total functional expensesPrograms $2,765,592 · Management $1,036,843 · Fundraising $0$3,802,435
Part X · Balance sheet $22,664,027 assets, 15 lines filed
Asset lines not itemized here account for $176,204; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,676,853$2,161,315
X-2 Savings and temporary cash investmentsStart of year $11,451,592$5,557,470
X-9 Prepaid expenses and deferred chargesStart of year $31,470$36,199
X-10c Land, buildings and equipment, netStart of year $5,081,474$4,830,658
X-11 Publicly traded securitiesStart of year $2,974,704$2,657,971
X-12 Other securitiesStart of year $8,300,516$7,081,808
X-15 Other assetsStart of year $162,383$162,402
X-16 Total assetsStart of year $29,684,831$22,664,027
X-17 Accounts payable and accrued expensesStart of year $316,959$191,390
X-19 Deferred revenue$7,591
X-25 Other liabilitiesStart of year $2,044,051$1,012,493
X-26 Total liabilitiesStart of year $2,361,010$1,211,474
X-27 Net assets without donor restrictionsStart of year $27,323,821$21,452,553
X-32 Total net assets or fund balancesStart of year $27,323,821$21,452,553
X-33 Total liabilities and net assetsStart of year $29,684,831$22,664,027
Part XI · Reconciliation of net assets $21,452,553 net assets at year end
XI-1 Total revenue$4,082,732
XI-2 Total expenses$3,802,435
XI-3 Revenue less expenses$280,297
XI-4 Net assets at start of year$27,323,821
XI-5 Net unrealized gains (losses) on investments−$13,244
XI-9 Other changes in net assets−$6,138,321
XI-10 Net assets at end of year$21,452,553

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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