Totals
- Total revenue
- $63,370
- Total expenses
- $234,405
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $63,370
- Total assets, end of year
- $9,310,784
- Total liabilities, end of year
- $7,390,502
- Net assets or fund balances, end of year
- $1,920,282
- Program services expenses (Part IX)
- $234,405
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $234,405
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
11a · Other revenue: EXTINGUISHMENT OF TAX
total $63,370 · unrelated business $63,370
-
11e · Other revenue, total
$63,370
Functional expenses
Part IX, the statement of functional expenses.
-
22 · Depreciation, depletion and amortization
total $234,405 · program services $234,405
Balance sheet
Part X, book values.
-
10a · Land, buildings and equipment: cost or other basis
$12,322,689
-
10b · Land, buildings and equipment: accumulated depreciation
$3,011,956
-
10c · Land, buildings and equipment, net
beginning of year $9,545,138 · end of year $9,310,733
-
15 · Other assets
beginning of year $51 · end of year $51
-
25 · Other liabilities
beginning of year $7,453,872 · end of year $7,390,502
-
27 · Net assets without donor restrictions
beginning of year $2,091,317 · end of year $1,920,282
Mission and programs · 2023
Mission
THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE EDUCATIONAL PURPOSES OF ACERO CHARTER SCHOOLS, INC.
-
ACQUIRE, OWN, HOLD, LEASE, OPERATE, MANAGE, MAINTAIN, DEVELOP AND IMPROVE THE MARQUEZ CAMPUS PROPERTY.
Expenses $234,405
As filed on the 2023 return.
Listed in Part VII
-
Richard ValergaRICHARD VALERGA
PRESIDENT
- Total calculated
- $229,899
- From this org
- $0
- From related orgs
- $193,165
- Other
- $36,734
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $181,741 related
- Bonus
- $0 + $11,424 related
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $36,734 related
- Filer's total
- $0 + $229,899 related
-
Miguel TovarMIGUEL TOVAR
VICE PRESIDENT (THROUGH MAY 2023)
- Total calculated
- $99,771
- From this org
- $0
- From related orgs
- $93,244
- Other
- $6,527
- Hours/week
- 3 + 40 related
-
Helena StangleHELENA STANGLE
TREASURER
- Total calculated
- $220,558
- From this org
- $0
- From related orgs
- $200,056
- Other
- $20,502
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $188,632 related
- Bonus
- $0 + $11,424 related
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $20,502 related
- Filer's total
- $0 + $220,558 related
-
Simon YohananSIMON YOHANAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Edwin MoralesEDWIN MORALES
VICE PRESIDENT (SINCE JUNE 2023)
- Total calculated
- $105,949
- From this org
- $0
- From related orgs
- $92,779
- Other
- $13,170
- Hours/week
- 3 + 40 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J, PART III
- THE FILING ORGANIZATION RELIED ON A RELATED ORGANIZATION TO ESTABLISH COMPENSATION FOR THE ORGANIZATION'S PRESIDENT AND CEO. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION. THE RELATED ORGANIZATION REVIEWS THE COMPENSATION MARKET RATE FOR INDIVIDUALS IN COMPARABLE POSITIONS THRU WEBSITES FOR COMPARABILITY PRIOR TO PRESENTING THE COMPENSATION PACKAGE TO THE INDEPENDENT BOARD OF DIRECTORS. THIS DOES NOT INCLUDE THOSE INDIVIDUALS WHOSE COMPENSATION IS BEING CONSIDERED. THE INDEPENDENT BOARD OF DIRECTORS REVIEW THE REASONABLENESS OF THE COMPENSATION ARRANGEMENT AND APPROVAL IS DOCUMENTED IN THE BOARD MINUTES.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · SCHOOL · IL
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 9 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402289349302430
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.