Turning Point School FY2021 filing

Tax-deductible

Culver City, CA501(c)(3)Since 1977EducationEIN 95-2668485Revenue $12.8M in FY2021

On file with the IRSturningpointschool.org8780 National Blvd, 90232-2348 · Culver City, CATax-exempt since Feb 1971School — 170(b)(1)(A)(ii)

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We open our doors every day to create a dynamic learning community in which each child grows into their best self.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$1.4M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
2 of 6
filings with a surplus
Average deficit $426K a year · 3% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.4M
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $57K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$25.7M
61% of total assets
Fine: liabilities are 61% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.8M
+0.3% vs prior year
Spent
$13.0M
To programs
81%
Net assets
$16.7M
By yearFY2020–FY2025
Revenue
$12.8M
FY2021+0.3%
Tap a bar for its year
Revenue by fiscal year
FY2020$12.8M
FY2021$12.8M
FY2022$15.4M
FY2023$15.4M
FY2024$15.7M
FY2025$14.7M
Expenses
$13.0M
FY2021▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$13.7M
FY2021$13.0M
FY2022$13.9M
FY2023$15.4M
FY2024$16.1M
FY2025$17.2M
Net assets
$16.7M
FY2021▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2020$14.1M
FY2021$16.7M
FY2022$15.3M
FY2023$15.5M
FY2024$14.4M
FY2025$12.4M

From the FY2021 Form 990 (year ending June 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 1971.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $10.5M Management & general 17% · $2.2M Fundraising 3% · $352K

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

21 people listed on the 990; $1.4M 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
Head of School
$397,283Pt VII · Sec A
Chief Financial Officer
$218,918Pt VII · Sec A
Asst Hos - Middle School Division Head
$164,787Pt VII · Sec A
Elementary Division Head
$130,160Pt VII · Sec A
Preschool Division Head
$120,000Pt VII · Sec A
Director of Advancement
$119,723Pt VII · Sec A
Director of Communications
$119,585Pt VII · Sec A
Admissions Director
$117,882Pt VII · Sec A

Laura Konigsberg’s $497K as Head of School is at the 88th 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
Laura Konigsberg$496,593$418,312$427,115$414,059$397,283$351,061
Julia Yzaguirre$242,992$230,150$226,975$227,614$218,918$212,973
Gabriella Akana$180,314$172,857$173,449$171,044$164,787$161,775
Courtney Baker$162,250$156,212$143,700$124,662$119,585$110,518
Jenny Vasquez$156,200$143,403$117,350———
Raul Gonzalez$152,290$147,554————
Will Segar$140,844$113,560$130,690$135,652$130,160$122,903
Sharon Cox$134,040$123,063$124,700$124,662$120,000—

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

Provides educational services for preschool through middle school students.

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Provided by the organization

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1 program · $10.5M · in their own filed words · FY2020
01

Educational Services

Preschool, pre-k, elementary, and middle school; approximately 282 students.

$10.5Mprogram 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 · FY2024
See all 7 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$12.8M
Ln 12
Fees for servicesLn 2g$9.9M
Gifts and grantsLn 1h$2.1M
Investment incomeLn 3$878K
Money outPt IX
$13.0M
Ln 25
Programscol B$10.5M
Managementcol C$2.2M
Fundraisingcol D$352K
Owns and owesPt X
$16.7M
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$42.4M
LiabilitiesLn 26$25.7M
PeoplePt VI, VII
21
listed · VII A
PaidVII A8
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.1M
Government grantsLn 1e$1.1M
Noncash giftsLn 1g$4K
Fundraising eventsLn 1c$105K
Fees for servicesLn 2g$9.9M
Investment incomeLn 3$878K
Other incomeLn 4–11$9K
Gains on assetsLn 7$502K
Total revenueLn 12$12.8M
Assets in detailPt X, end of year
CashLn 1$2.3M
Cash and savings togetherLn 1–2$2.3M
InvestmentsLn 11–13$17.7M
Land, buildings, equipmentLn 10c$17.5M
Other assetsLn 15$62K
Total assetsLn 16$42.4M
LiabilitiesLn 26$25.7M
Net assetsLn 32$16.7M
OperationsPt I, VI
EmployeesI 5121
VolunteersI 6240
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.6M$2.3M
InvestmentsLn 11–13$15.9M$17.7M
Land, buildings, equipmentLn 10c$18.4M$17.5M
Total assetsLn 16$36.6M$42.4M
LiabilitiesLn 26$22.5M$25.7M
Net assetsLn 32$14.1M$16.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1.7M$1.7M
Pay of current officers, directors and key staffLn 5$904K$466K$369K$69K
Other salaries and wagesLn 7$5.1M$4.0M$930K$170K
Pension plan contributionsLn 8$188K$159K$25K$4K
Other employee benefitsLn 9$888K$725K$136K$26K
Payroll taxesLn 10$432K$345K$73K$13K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$49K$49K
Investment management feesLn 11f$126K$126K
Other fees for servicesLn 11g$43K$43K
Advertising and promotionLn 12$18K$18K
Office expensesLn 13$245K$2K$219K$24K
Information technologyLn 14$97K$97K
OccupancyLn 16$961K$913K$38K$10K
TravelLn 17$14$14
Conferences, conventions and meetingsLn 19$78K$62K$13K$3K
InterestLn 20$805K$765K$32K$8K
Depreciation, depletion and amortizationLn 22$1.1M$1.1M$45K$11K
InsuranceLn 23$103K$98K$4K$1K
Other expenses (24a–d)Ln 24$209K$155K$41K$13K
Total functional expensesLn 25$13.0M$10.5M$2.2M$352K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $14.7M$17.2M−$2.5M$12.4M 990 PDF
FY2024 $15.7M$16.1M−$413K$14.4M 990 PDF
FY2023 $15.4M$15.4M$32K$15.5M 990 PDF
FY2022 $15.4M$13.9M$1.4M$15.3M 990 PDF
FY2021 Viewing $12.8M$13.0M−$196K$16.7M 990 PDF
FY2020 $12.8M$13.7M−$911K$14.1M 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 $12,823,610 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,246,601$2,069,094
I-9 Program service revenuePrior year $11,408,532$9,867,089
I-10 Investment incomePrior year $146,249$878,153
I-11 Other revenuePrior year −$15,444$9,274
I-12 Total revenuePrior year $12,785,938$12,823,610
I-13 Grants and similar amounts paidPrior year $1,542,099$1,663,289
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $7,939,268$7,487,135
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,215,956$3,869,512
I-18 Total expensesPrior year $13,697,323$13,019,936
I-19 Revenue less expensesPrior year −$911,385−$196,326
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $12,823,610 across 10 lines filed
VIII-1c Fundraising events$104,609
VIII-1e Government grants$1,148,433
VIII-1f All other contributions, gifts and grants$816,052
VIII-1g Noncash contributions (included above)$3,951
VIII-1h Total contributions, gifts and grants$2,069,094
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,867,089$9,867,089
VIII-3 Investment incomeExcluded from tax $375,850$375,850
VIII-7 Net gain or loss on sales of assetsExcluded from tax $502,303$502,303
VIII-8 Net income from fundraising eventsExcluded from tax $9,274$9,274
VIII-12 Total revenueRelated to mission $9,867,089 · Unrelated business $0 · Excluded from tax $887,427$12,823,610
Part IX · Statement of functional expenses $13,019,936 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $1,663,289$1,663,289
IX-5 Pay of current officers, directors and key staffPrograms $465,965 · Management $368,694 · Fundraising $69,018$903,677
IX-7 Other salaries and wagesPrograms $3,976,027 · Management $929,691 · Fundraising $170,432$5,076,150
IX-8 Pension plan contributionsPrograms $159,234 · Management $24,519 · Fundraising $4,334$188,087
IX-9 Other employee benefitsPrograms $725,267 · Management $136,396 · Fundraising $25,897$887,560
IX-10 Payroll taxesPrograms $345,329 · Management $73,382 · Fundraising $12,950$431,661
IX-11b Legal feesManagement $6,114$6,114
IX-11c Accounting feesManagement $48,800$48,800
IX-11f Investment management feesManagement $126,085$126,085
IX-11g Other fees for servicesManagement $42,861$42,861
IX-12 Advertising and promotionManagement $18,302$18,302
IX-13 Office expensesPrograms $2,482 · Management $218,619 · Fundraising $24,016$245,117
IX-14 Information technologyPrograms $97,404$97,404
IX-16 OccupancyPrograms $912,938 · Management $38,439 · Fundraising $9,610$960,987
IX-17 TravelManagement $14$14
IX-19 Conferences, conventions and meetingsPrograms $61,756 · Management $13,402 · Fundraising $2,606$77,764
IX-20 InterestPrograms $764,548 · Management $32,191 · Fundraising $8,048$804,787
IX-22 Depreciation, depletion and amortizationPrograms $1,072,226 · Management $45,146 · Fundraising $11,287$1,128,659
IX-23 InsurancePrograms $98,388 · Management $4,017 · Fundraising $1,004$103,409
IX-24 Other expenses (24a–d)Programs $155,087 · Management $41,432 · Fundraising $12,690$209,209
IX-25 Total functional expensesPrograms $10,499,940 · Management $2,168,104 · Fundraising $351,892$13,019,936
Part X · Balance sheet $42,437,114 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,646,076$2,267,594
X-4 Accounts receivableStart of year $177,048$4,347,908
X-9 Prepaid expenses and deferred chargesStart of year $377,498$518,112
X-10c Land, buildings and equipment, netStart of year $18,429,597$17,498,193
X-11 Publicly traded securitiesStart of year $15,866,828$17,742,915
X-15 Other assetsStart of year $54,802$62,392
X-16 Total assetsStart of year $36,551,849$42,437,114
X-17 Accounts payable and accrued expensesStart of year $479,219$489,703
X-19 Deferred revenueStart of year $680,509$4,919,820
X-20 Tax-exempt bond liabilitiesStart of year $13,823,393$13,311,336
X-25 Other liabilitiesStart of year $7,510,582$7,016,750
X-26 Total liabilitiesStart of year $22,493,703$25,737,609
X-27 Net assets without donor restrictionsStart of year $12,398,909$14,548,364
X-28 Net assets with donor restrictionsStart of year $1,659,237$2,151,141
X-32 Total net assets or fund balancesStart of year $14,058,146$16,699,505
X-33 Total liabilities and net assetsStart of year $36,551,849$42,437,114
Part XI · Reconciliation of net assets $16,699,505 net assets at year end
XI-1 Total revenue$12,823,610
XI-2 Total expenses$13,019,936
XI-3 Revenue less expenses−$196,326
XI-4 Net assets at start of year$14,058,146
XI-5 Net unrealized gains (losses) on investments$2,571,693
XI-9 Other changes in net assets$265,992
XI-10 Net assets at end of year$16,699,505

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

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