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Nonprofiteer
← IMAGINE COOLIDGE ELEMENTARY INC

Form 990 for tax year 2022

Filed by IMAGINE COOLIDGE ELEMENTARY INC.

Totals

Total revenue
$8,700,993
Total expenses
$8,643,034
Contributions and grants received
$2,828,818
Grants paid
$0
Program service revenue
$5,850,256
Investment income
$0
Other revenue
$21,919
Total assets, end of year
$9,805,722
Total liabilities, end of year
$10,669,805
Net assets or fund balances, end of year
-$864,083
Program services expenses (Part IX)
$7,268,298
Management and general expenses
$1,374,736
Fundraising expenses
$0
Program service expenses (Part III)
$7,268,298

Program services were 84.1% 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.

  • 1d · Related organizations

    $211,251

  • 1e · Government grants (contributions)

    $2,432,713

  • 1f · All other contributions, gifts and grants

    $184,854

  • 2a · Program service revenue: STATE EQUALIZATION

    total $5,183,555 · related or exempt $5,183,555

  • 2b · Program service revenue: CLASSROOM SITE FUNDS

    total $502,786 · related or exempt $502,786

  • 2c · Program service revenue: STUDENT ACTIVITIES

    total $109,016 · related or exempt $109,016

  • 2d · Program service revenue: INSTRUCTIONAL IMRPOVEMENT FUN

    total $54,899 · related or exempt $54,899

  • 6a · Gross rents

    real property $6,000

  • 6c · Rental income or loss

    real property $6,000

  • 6d · Net rental income or loss

    total $6,000 · excluded $6,000

  • 11a · Other revenue: OTHER

    total $15,919 · related or exempt $15,919

  • 11e · Other revenue, total

    $15,919

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $96,335 · program services $84,910 · management and general $11,425

  • 7 · Other salaries and wages

    total $3,494,400 · program services $3,079,964 · management and general $414,436

  • 8 · Pension plan contributions

    total $108,181 · program services $89,976 · management and general $18,205

  • 9 · Other employee benefits

    total $609,288 · program services $506,758 · management and general $102,530

  • 10 · Payroll taxes

    total $171,876 · program services $142,953 · management and general $28,923

  • 11a · Fees: management

    total $624,814 · management and general $624,814

  • 11c · Fees: accounting

    total $17,600 · program services $17,600

  • 11g · Fees: other

    total $283,022 · program services $283,022

  • 12 · Advertising and promotion

    total $57,565 · management and general $57,565

  • 14 · Information technology

    total $23,771 · program services $21,394 · management and general $2,377

  • 16 · Occupancy

    total $1,029,102 · program services $1,029,102

  • 22 · Depreciation, depletion and amortization

    total $177,531 · program services $177,531

  • 23 · Insurance

    total $216,197 · program services $216,197

  • 24a · Other expenses: FOOD SERVICE

    total $527,889 · program services $527,889

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $361,933 · program services $325,740 · management and general $36,193

  • 24c · Other expenses: SUPPLIES AND INSTRUCTIONA

    total $314,223 · program services $314,223

  • 24d · Other expenses: TRANSPORTATION

    total $161,844 · program services $161,844

  • 24e · All other expenses

    total $367,463 · program services $289,195 · management and general $78,268

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,208,129 · end of year $1,427,588

  • 3 · Pledges and grants receivable

    beginning of year $516,539 · end of year $203,025

  • 4 · Accounts receivable

    beginning of year $4,179 · end of year $4,179

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

    $2,491,711

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

    $1,552,735

  • 10c · Land, buildings and equipment, net

    beginning of year $752,252 · end of year $938,976

  • 15 · Other assets

    beginning of year $612,750 · end of year $7,231,954

  • 17 · Accounts payable and accrued expenses

    beginning of year $711,056 · end of year $738,103

  • 24 · Unsecured notes and loans payable

    beginning of year $20,263 · end of year $131,089

  • 25 · Other liabilities

    beginning of year $3,284,572 · end of year $9,800,613

  • 27 · Net assets without donor restrictions

    beginning of year -$1,371,031 · end of year -$1,426,707

  • 28 · Net assets with donor restrictions

    beginning of year $448,989 · end of year $562,624

Mission and programs · 2022

Mission

TO OPERATE A NOT FOR PROFIT CHARTER SCHOOL AND CONDUCT EDUCATIONAL RESEARCH, EVALUATION, AND DEVELOPMENT ACTIVITIES.

  • OPERATION OF A CHARTER SCHOOL FOR GRADES K THROUGH 5

    Expenses $7,268,298 · Revenue $5,850,256

As filed on the 2022 return.

Listed in Part VII

  • ROBERT ALLEN

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • HERMAN ORCUTT

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • ERIK COLLINS

    PRINCIPAL

    Total calculated
    $96,335
    From this org
    $86,387
    From related orgs
    $0
    Other
    $9,948
    Hours/week
    40

  • MIGUEL RAMIREZ

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
24 April 2024
IRS schema version
2022v5.0
Source object
202431209349302003

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