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← PALISADES CHARTER HIGH SCHOOL

Form 990 for tax year 2022

Filed by PALISADES CHARTER HIGH SCHOOL.

Totals

Total revenue
$44,974,035
Total expenses
$43,257,190
Contributions and grants received
$41,196,062
Grants paid
$0
Program service revenue
$3,045,891
Investment income
$212,192
Other revenue
$519,890
Total assets, end of year
$28,755,282
Total liabilities, end of year
$19,354,227
Net assets or fund balances, end of year
$9,401,055
Program services expenses (Part IX)
$35,015,365
Management and general expenses
$8,237,278
Fundraising expenses
$4,547
Program service expenses (Part III)
$35,015,365

Program services were 80.9% 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.

  • 1c · Fundraising events

    $425,680

  • 1e · Government grants (contributions)

    $40,770,382

  • 2a · Program service revenue: EDUCATIONAL SERVICES

    total $2,556,826 · related or exempt $2,556,826

  • 2b · Program service revenue: STUDENT ACTIVITIES

    total $433,754 · related or exempt $433,754

  • 2c · Program service revenue: FOOD SERVICE SALES

    total $55,311 · related or exempt $55,311

  • 3 · Investment income

    total $212,192 · excluded $212,192

  • 6a · Gross rents

    real property $1,044,421

  • 6b · Less rental expenses

    real property $482,675

  • 6c · Rental income or loss

    real property $561,746

  • 6d · Net rental income or loss

    total $561,746 · related or exempt $561,746

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $425,680

  • 8b · Fundraising events: direct expenses

    $41,856

  • 8c · Net income from fundraising events

    total -$41,856 · excluded -$41,856

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $388,557 · management and general $388,557

  • 7 · Other salaries and wages

    total $21,385,734 · program services $17,530,952 · management and general $3,854,782

  • 9 · Other employee benefits

    total $10,369,964 · program services $8,394,084 · management and general $1,975,880

  • 11b · Fees: legal

    total $337,861 · program services $271,814 · management and general $66,047

  • 11g · Fees: other

    total $4,703,884 · program services $3,617,999 · management and general $1,085,885

  • 12 · Advertising and promotion

    total $1,200 · management and general $1,200

  • 13 · Office expenses

    total $584,959 · program services $452,784 · management and general $132,175

  • 14 · Information technology

    total $5,765 · management and general $5,765

  • 16 · Occupancy

    total $914,857 · program services $840,077 · management and general $74,780

  • 17 · Travel

    total $520,373 · program services $462,526 · management and general $57,847

  • 19 · Conferences, conventions and meetings

    total $102,179 · program services $48,541 · management and general $53,638

  • 20 · Interest

    total $4,547 · fundraising $4,547

  • 22 · Depreciation, depletion and amortization

    total $800,517 · program services $800,517

  • 23 · Insurance

    total $480,359 · management and general $480,359

  • 24a · Other expenses: BOOKS AND SUPPLIES

    total $2,077,285 · program services $2,016,922 · management and general $60,363

  • 24b · Other expenses: CHARTER AUTHORIZER FEES

    total $328,286 · program services $328,286

  • 24c · Other expenses: STUDENT ACTIVITES

    total $250,863 · program services $250,863

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,268,624 · end of year $5,081,905

  • 2 · Savings and temporary cash investments

    beginning of year $12,705,922 · end of year $15,568,267

  • 4 · Accounts receivable

    beginning of year $2,262,482 · end of year $1,830,398

  • 8 · Inventories for sale or use

    beginning of year $12,568 · end of year $12,568

  • 9 · Prepaid expenses and deferred charges

    beginning of year $111,135 · end of year $139,042

  • 10a · Land, buildings and equipment: cost or other basis

    $15,797,688

  • 10b · Land, buildings and equipment: accumulated depreciation

    $9,674,586

  • 10c · Land, buildings and equipment, net

    beginning of year $6,730,206 · end of year $6,123,102

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,859,622 · end of year $6,441,272

  • 19 · Deferred revenue

    beginning of year $1,446,087 · end of year $1,726,292

  • 21 · Escrow or custodial account liability

    beginning of year $741,483 · end of year $812,592

  • 25 · Other liabilities

    beginning of year $10,359,534 · end of year $10,374,071

  • 27 · Net assets without donor restrictions

    beginning of year $6,561,595 · end of year $7,948,838

  • 28 · Net assets with donor restrictions

    beginning of year $1,122,616 · end of year $1,452,217

Mission and programs · 2022

Mission

PALISADES CHARTER HIGH SCHOOL WILL EMPOWER OUR DIVERSE STUDENT POPULATION TO MAKE POSITIVE CONTRIBUTIONS TO THE GLOBAL COMMUNITY BY DEDICATING OUR RESOURCES TO ENSURE EDUCATIONAL EXCELLENCE, CIVIC RESPONSIBILITY, AND PERSONAL GROWTH.

Activities or mission (Part I)

PUBLIC CHARTER SCHOOL SERVING APPROX. 2,965 STUDENTS IN GRADES 9-12 FROM ALL OVER GREATER LA.

  • AS A NON-PROFIT PUBLIC HIGH SCHOOL SERVING STUDENTS IN GRADES 9-12, PALISADES CHARTER HIGH SCHOOL SERVES IN EXCESS OF 3,000 STUDENTS FROM OVER 100 ZIP CODES IN THE GREATER LOS ANGELES AREA BY PROVIDING EDUCATION AND INSTRUCTION.

    Expenses $35,015,365 · Revenue $3,607,637

As filed on the 2022 return.

Listed in Part VII

  • SARA MARGIOTTA

    COMMUNITY/BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • ROBERT RENE

    COMMUNITY

    Total calculated
    $0
    Hours/week
    2

  • JACK SELTZER

    COMMUNITY

    Total calculated
    $0
    Hours/week
    2

  • MONICA BATTS-KING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • SAKEN SHERKHANOV

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MELISSA SCHILLING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LISA SAXON

    TRUSTEE/FACULTY

    Total calculated
    $176,818
    From this org
    $136,323
    From related orgs
    $0
    Other
    $40,495
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,323
    Bonus
    $0
    Other
    $0
    Deferred
    $24,538
    Nontaxable benefits
    $15,957
    Filer's total
    $176,818

  • MAGGIE NANCE

    TRUSTEE/FACULTY

    Total calculated
    $162,629
    From this org
    $124,405
    From related orgs
    $0
    Other
    $38,224
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,405
    Bonus
    $0
    Other
    $0
    Deferred
    $22,393
    Nontaxable benefits
    $15,831
    Filer's total
    $162,629

  • DAVID PICKARD

    TRUSTEE/FACULTY

    Total calculated
    $145,146
    From this org
    $109,589
    From related orgs
    $0
    Other
    $35,557
    Hours/week
    40

  • ANDREW PARIS

    TRUSTEE/FACULTY

    Total calculated
    $78,682
    From this org
    $50,528
    From related orgs
    $0
    Other
    $28,154
    Hours/week
    40

  • KAREN ELLIS

    TRUSTEE/FACULTY

    Total calculated
    $144,145
    From this org
    $103,261
    From related orgs
    $0
    Other
    $40,884
    Hours/week
    40

  • PETER GARFF

    STUDENT REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    2

  • PAMELA MAGEE

    EXECUTIVE DIRECTOR/PRINCIPAL

    Total calculated
    $310,781
    From this org
    $251,271
    From related orgs
    $0
    Other
    $59,510
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $251,271
    Bonus
    $0
    Other
    $0
    Deferred
    $45,229
    Nontaxable benefits
    $14,281
    Filer's total
    $310,781

  • JUAN PABLO HERRERA

    CHIEF BUSINESS OFFICER

    Total calculated
    $224,451
    From this org
    $168,741
    From related orgs
    $0
    Other
    $55,710
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,741
    Bonus
    $0
    Other
    $0
    Deferred
    $40,734
    Nontaxable benefits
    $14,976
    Filer's total
    $224,451

  • CHRIS LEE

    DIRECTOR OF GUIDANCE/ASST. PRINCIPAL

    Total calculated
    $221,840
    From this org
    $175,679
    From related orgs
    $0
    Other
    $46,161
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,679
    Bonus
    $0
    Other
    $0
    Deferred
    $31,622
    Nontaxable benefits
    $14,539
    Filer's total
    $221,840

  • DAVID SUAREZ

    TEACHER

    Total calculated
    $213,211
    From this org
    $168,366
    From related orgs
    $0
    Other
    $44,845
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,366
    Bonus
    $0
    Other
    $0
    Deferred
    $30,306
    Nontaxable benefits
    $14,539
    Filer's total
    $213,211

  • DONALD PARCELL

    DIRECTOR OF OPERATIONS

    Total calculated
    $222,213
    From this org
    $166,938
    From related orgs
    $0
    Other
    $55,275
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,938
    Bonus
    $0
    Other
    $0
    Deferred
    $40,299
    Nontaxable benefits
    $14,976
    Filer's total
    $222,213

  • MONICA IANNESSA

    DIRECTOR OF ACADEMIC ACHIEVEMENT

    Total calculated
    $208,703
    From this org
    $164,546
    From related orgs
    $0
    Other
    $44,157
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,546
    Bonus
    $0
    Other
    $0
    Deferred
    $29,618
    Nontaxable benefits
    $14,539
    Filer's total
    $208,703

  • KIMBERLY THEARD

    DIRECTOR OF PALI ACADEMY

    Total calculated
    $194,188
    From this org
    $152,245
    From related orgs
    $0
    Other
    $41,943
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,245
    Bonus
    $0
    Other
    $0
    Deferred
    $27,404
    Nontaxable benefits
    $14,539
    Filer's total
    $194,188

  • KAREN PERKINS

    TEACHER

    Total calculated
    $192,666
    From this org
    $149,753
    From related orgs
    $0
    Other
    $42,913
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,753
    Bonus
    $0
    Other
    $0
    Deferred
    $26,956
    Nontaxable benefits
    $15,957
    Filer's total
    $192,666

  • SARAH CROMPTON

    TEACHER

    Total calculated
    $192,512
    From this org
    $149,623
    From related orgs
    $0
    Other
    $42,889
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,623
    Bonus
    $0
    Other
    $0
    Deferred
    $26,932
    Nontaxable benefits
    $15,957
    Filer's total
    $192,512

  • JOHN RAUSCHUBER

    TEACHER

    Total calculated
    $191,241
    From this org
    $148,546
    From related orgs
    $0
    Other
    $42,695
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,546
    Bonus
    $0
    Other
    $0
    Deferred
    $26,738
    Nontaxable benefits
    $15,957
    Filer's total
    $191,241

  • ANDREA KING

    LIBRARIAN

    Total calculated
    $186,787
    From this org
    $148,152
    From related orgs
    $0
    Other
    $38,635
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,152
    Bonus
    $0
    Other
    $0
    Deferred
    $26,667
    Nontaxable benefits
    $11,968
    Filer's total
    $186,787

  • STEVEN BURR

    TEACHER

    Total calculated
    $190,504
    From this org
    $148,028
    From related orgs
    $0
    Other
    $42,476
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,028
    Bonus
    $0
    Other
    $0
    Deferred
    $26,645
    Nontaxable benefits
    $15,831
    Filer's total
    $190,504

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

  • 3 · Approval by the board or compensation committee

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202431369349317468

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