Form 990 for tax year 2022

Totals

Total revenue

$1,815,115

Total expenses

$1,811,595

Contributions and grants received

$1,787,448

Grants paid

$1,250,932

Program service revenue

$0

Investment income

$27,528

Other revenue

$139

Total assets, end of year

$3,835,205

Total liabilities, end of year

$531,627

Net assets or fund balances, end of year

$3,303,578

Program services expenses (Part IX)

$1,479,595

Management and general expenses

$150,014

Fundraising expenses

$181,986

Program service expenses (Part III)

$1,479,595

Program services were 81.7% 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.

Mission and programs · 2022

• EFFECTIVE AUGUST 1, 2014, EAST PALO ALTO ACADEMY FOUNDATION (PRIOR TO JULY 1, 2017, KNOWN AS STANFORD SCHOOLS CORPORATION) SERVES AS A NON-PROFIT ORGANIZATION, SUPPORTING A PUBLIC CHARTER SCHOOL, EAST PALO ALTO ACADEMY, IN TWO WAYS. FIRST, EAST PALO ALTO ACADEMY FOUNDATION (EPAAF) FUNDS DIRECT SERVICES FOR THE HIGH SCHOOL INCLUDING: EARLY COLLEGE COURSES, WHERE STUDENTS EARN COLLEGE CREDIT DURING THEIR REGULAR SCHOOL DAY; THE DREAM LAB, A MAKERSPACE WHERE STUDENTS ENGAGE IN HANDS-ON STEM LEARNING AND DEVELOP CREATIVE PROBLEM-SOLVING AND COMMUNICATION SKILLS; AND WRAPAROUND SERVICES THAT SUPPORT STUDENTS' MENTAL HEALTH AND READINESS TO LEARN. SECOND, EPAAF OFFERS COLLEGE SCHOLARSHIP FUNDS TO A SELECT NUMBER OF UNDERGRADUATE COLLEGE STUDENTS, ALL OF WHOM GRADUATED FROM EAST PALO ALTO ACADEMY.EAST PALO ALTO ACADEMY PROVIDES A HIGH QUALITY EDUCATION FOR APPROXIMATELY 291 STUDENTS. THE STUDENT POPULATION IS APPROXIMATELY 88% LATINO/A/X, 5% AFRICAN-AMERICAN, 7% PACIFIC ISLANDERS, AND .03% OTHER. 69% OF STUDENTS WILL BE THE FIRST IN THEIR FAMILIES TO GRADUATE HIGH SCHOOL, AND 87% WILL BE FIRST-GENERATION COLLEGE STUDENTS. APPROXIMATELY 85% OF THE STUDENTS ARE BILINGUAL & SECOND LANGUAGE LEARNERS. THE HIGH SCHOOL CONTINUES TO FOCUS ON CULTURALLY RESPONSIVE CURRICULUM, RIGOROUS COLLEGE PREPARATION, AND HIGH STANDARDS AND HIGH SUPPORT FOR STUDENTS IN PURSUIT OF OUR AMBITIOUS VISION THAT "ALL STUDENTS WILL GRADUATE COLLEGE-READY, EMPOWERED WITH THE KNOWLEDGE, SKILLS, AND PASSION TO POSITIVELY IMPACT THEIR OWN LIVES, THEIR COMMUNITY, AND THE GLOBAL SOCIETY." WE ARE PROUD TO SHARE THAT 95% OF THE EPAA CLASS OF 2023 GRADUATED FROM HIGH SCHOOL AND 97% OF GRADUATES CHOSE A POSTSECONDARY PATHWAY AND JOINED AN EPAAF ALUMNI PROGRAM. 85% OF OUR UNIVERSITY SCHOLARS ARE STILL PERSISTING IN OR HAVE GRADUATED FROM POSTSECONDARY EDUCATION OR TRAINING PROGRAMS.ON JULY 1, 2017 STANFORD NEW SCHOOLS CORPORATION BECAME EAST PALO ALTO ACADEMY FOUNDATION.

  Expenses $1,479,595 · Grants $1,250,932

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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.

Grants on this return

• SEQUOIA UNION HIGH SCHOOL DISTRICT

  $910,696

  SEQUOIA UNION HIGH SCHOOL DISTRICT OPERATIONS

Provenance

Return type

form_990

Tax year

2022

Filed

28 April 2024

IRS schema version

2022v5.0

Source object

202401229349302865

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