Totals
- Total revenue
- $1,310,845
- Total expenses
- $2,225,644
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,235,639
- Investment income
- $20,290
- Other revenue
- $54,916
- Total assets, end of year
- $34,388,244
- Total liabilities, end of year
- $12,727,152
- Net assets or fund balances, end of year
- $21,661,092
- Program services expenses (Part IX)
- $2,133,444
- Management and general expenses
- $92,200
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,133,444
Program services were 95.9% 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.
-
2a · Program service revenue: RENTAL OF EDUCATIONAL
total $1,235,639 · related or exempt $1,235,639
-
3 · Investment income
total $20,290 · excluded $20,290
-
6a · Gross rents
real property $131,526
-
6b · Less rental expenses
real property $77,742
-
6c · Rental income or loss
real property $53,784
-
6d · Net rental income or loss
total $53,784 · excluded $53,784
-
11a · Other revenue: OTHER REVENUE
total $1,132 · excluded $1,132
-
11e · Other revenue, total
$1,132
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $13,200 · program services $13,200
-
11b · Fees: legal
total $46,984 · management and general $46,984
-
11c · Fees: accounting
total $33,044 · management and general $33,044
-
11g · Fees: other
total $111,187 · program services $111,187
-
13 · Office expenses
total $105 · management and general $105
-
14 · Information technology
total $1,200 · program services $1,200
-
20 · Interest
total $1,004,085 · program services $1,004,085
-
22 · Depreciation, depletion and amortization
total $1,003,772 · program services $1,003,772
-
23 · Insurance
total $12,067 · management and general $12,067
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $748,325 · end of year $1,106,211
-
2 · Savings and temporary cash investments
beginning of year $745,703 · end of year $781,571
-
4 · Accounts receivable
beginning of year $231,459 · end of year $20,996
-
9 · Prepaid expenses and deferred charges
beginning of year $9,409 · end of year $11,026
-
10a · Land, buildings and equipment: cost or other basis
$48,769,572
-
10b · Land, buildings and equipment: accumulated depreciation
$16,370,870
-
10c · Land, buildings and equipment, net
beginning of year $33,056,981 · end of year $32,398,702
-
15 · Other assets
beginning of year $49,418 · end of year $69,738
-
17 · Accounts payable and accrued expenses
beginning of year $101,062 · end of year $204,735
-
20 · Tax-exempt bond liabilities
beginning of year $10,289,764 · end of year $10,532,676
-
23 · Secured mortgages and notes payable
beginning of year $980,604 · end of year $959,555
-
25 · Other liabilities
beginning of year $893,974 · end of year $1,030,186
-
27 · Net assets without donor restrictions
beginning of year $22,575,891 · end of year $21,661,092
Mission and programs · 2023
Mission
TO SUPPORT CAMINO NUEVO CHARTER ACADEMY BY PROVIDING THE LOCATIONS FOR THE CHARTER SCHOOLS TO OPERATE.
Activities or mission (Part I)
TO SUPPORT THE CALIFORNIA CHARTER SCHOOLS RUN BY CAMINO NUEVO CHARTER ACADEMY.
-
GRUPO NUEVO LOS ANGELES RENTS PROPERTY TO CAMINO NUEVO CHARTER ACADEMY TO OPERATE CALIFORNIA CHARTER SCHOOLS.
Expenses $2,133,444 · Revenue $1,235,639
As filed on the 2023 return.
Listed in Part VII
-
Adriana AbichADRIANA ABICH
CHIEF EXECUTIVE OFFICER
- Total calculated
- $264,457
- From this org
- $0
- From related orgs
- $206,894
- Other
- $57,563
- Hours/week
- 1 + 41 related
Schedule J breakdown matched by us
- Base
- $0 + $206,138 related
- Bonus
- $0 + $600 related
- Other
- $0 + $156 related
- Deferred
- $0 + $42,028 related
- Nontaxable benefits
- $0 + $15,535 related
- Filer's total
- $0 + $264,457 related
-
Philip LancePHILIP LANCE
CHAIR
- Total calculated
- $14,300
- From this org
- $14,300
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1 + 1 related
-
Jerry RuizJERRY RUIZ
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Dan ArdellDAN ARDELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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)
- PART I, LINE 3
- CAMINO NUEVO CHARTER SCHOOL DETERMINES THE CEO'S COMPENSATION. THE PROCESS INCLUDES THE FOLLOWING ELEMENTS: (1) REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS, (2) USE OF DATA AS TO COMPARABLE COMPENSATION; AND (3)CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH REGARD TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW OR APPROVAL. COMPARABLE COMPENSATION DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARY SITUATED ORGANIZATIONS ARE USED IN DETERMINING COMPENSATION.
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.
-
PUEBLO NUEVO EDUCATION DEVELOPMENT GROUP
501C3 · SUPPORT FOR CHARTER SCHOOLS · CA
Directly controlled by NONE
-
501C3 · CHARTER SCHOOL · CA
Directly controlled by PUEBLO NUEVO EDUCATION AND DEVELOPMENT GROUP
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
SCHOOL FACILITY · CA · income $472,964 · assets $10,421,339
Directly controlled by GRUPO NUEVO LOS ANGELES
-
SCHOOL FACILITY · CA · income $433,092 · assets $16,166,670
Directly controlled by GRUPO NUEVO LOS ANGELES
-
SCHOOL FACILITY · CA · income $222,514 · assets $5,360,963
Directly controlled by GRUPO NUEVO LOS ANGELES
-
LOW-INCOME HOUSING · CA · income $132,658 · assets $2,089,856
Directly controlled by GRUPO NUEVO LOS ANGELES
-
SCHOOL FACILITY · CA · income $65,447 · assets $390,308
Directly controlled by GRUPO NUEVO LOS ANGELES
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521339349306972
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