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Nonprofiteer
← CORE BUTTE INC

Form 990 for tax year 2022

Filed by CORE BUTTE INC.

Totals

Total revenue
$13,291,597
Total expenses
$12,404,051
Contributions and grants received
$12,985,171
Grants paid
$2,600
Program service revenue
$182,517
Investment income
$83,733
Other revenue
$40,176
Total assets, end of year
$17,067,839
Total liabilities, end of year
$10,436,111
Net assets or fund balances, end of year
$6,631,728
Program services expenses (Part IX)
$11,295,867
Management and general expenses
$1,108,184
Fundraising expenses
$0
Program service expenses (Part III)
$11,295,867

Program services were 91.1% 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.

  • 1e · Government grants (contributions)

    $12,966,945

  • 1f · All other contributions, gifts and grants

    $18,226

  • 2a · Program service revenue: STUDENT ACTIVITIES

    total $182,517 · related or exempt $182,517

  • 3 · Investment income

    total $83,733 · excluded $83,733

  • 11a · Other revenue: MEDI-CAL BILLING

    total $40,176 · related or exempt $40,176

  • 11e · Other revenue, total

    $40,176

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,600 · program services $2,600

  • 5 · Compensation of officers, directors and key employees

    total $322,335 · program services $204,180 · management and general $118,155

  • 7 · Other salaries and wages

    total $5,831,552 · program services $5,548,958 · management and general $282,594

  • 8 · Pension plan contributions

    total $1,525,990 · program services $1,438,483 · management and general $87,507

  • 9 · Other employee benefits

    total $1,097,083 · program services $1,021,051 · management and general $76,032

  • 10 · Payroll taxes

    total $256,163 · program services $224,470 · management and general $31,693

  • 11c · Fees: accounting

    total $15,435 · management and general $15,435

  • 11g · Fees: other

    total $1,230,741 · program services $1,174,254 · management and general $56,487

  • 13 · Office expenses

    total $54,461 · program services $54,461

  • 16 · Occupancy

    total $462,151 · program services $462,151

  • 19 · Conferences, conventions and meetings

    total $93,936 · program services $93,936

  • 20 · Interest

    total $366,334 · program services $9,769 · management and general $356,565

  • 22 · Depreciation, depletion and amortization

    total $315,361 · program services $315,361

  • 23 · Insurance

    total $153,674 · program services $153,674

  • 24a · Other expenses: BOOKS AND SUPPLIES

    total $592,519 · program services $592,519

  • 24b · Other expenses: CHARTER AUTHORIZER FEES

    total $83,716 · management and general $83,716

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $343,416 · end of year $195,117

  • 2 · Savings and temporary cash investments

    beginning of year $5,152,413 · end of year $6,024,449

  • 4 · Accounts receivable

    beginning of year $761,699 · end of year $542,284

  • 9 · Prepaid expenses and deferred charges

    beginning of year $580,199 · end of year $621,552

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

    $8,493,066

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

    $1,200,312

  • 10c · Land, buildings and equipment, net

    beginning of year $7,546,173 · end of year $7,292,754

  • 15 · Other assets

    beginning of year $2,431,928 · end of year $2,391,683

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,675,110 · end of year $634,076

  • 19 · Deferred revenue

    beginning of year $207,571 · end of year $825,187

  • 20 · Tax-exempt bond liabilities

    beginning of year $6,485,000 · end of year $6,365,000

  • 25 · Other liabilities

    beginning of year $2,658,111 · end of year $2,611,848

  • 27 · Net assets without donor restrictions

    beginning of year $5,699,832 · end of year $6,585,146

  • 28 · Net assets with donor restrictions

    beginning of year $90,204 · end of year $46,582

Mission and programs · 2022

Mission

TO UTILIZE THE INDEPENDENT STUDY/PERSONALIZED LEARNING APPROACH SUPPORTING DEVELOPMENT THROUGH CHOICE OF CURRICULUM NECESSARY FOR THEIR FUTURE SUCCESS.

Activities or mission (Part I)

OPERATION OF A PUBLIC CHARTER SCHOOL SERVING K-12 STUDENTS THROUGH PERSONALIZED LEARNING.

  • A CALIFORNIA PUBLIC CHARTER SCHOOL WITH THE MOTTO "PERSONALIZED EDUCATION FOR STUDENT SUCCESS". CORE BUTTE OFFERS AN ALTERNATIVE HOMESCHOOL EDUCATION MODEL THAT REQUIRES ONE-ONE-ONE PARENT PARTICIPATION. EDUCATIONAL PROGRAMS INCLUDE K-8 HOME STUDY AND CORE BUTTE HIGH SCHOOL (CBHS) WITH SUPPORT CLASSES FOR PERSONALIZED LEARNING OFFERED AT SITES IN CHICO, CALIFORNIA.

    Expenses $11,295,867 · Grants $2,600 · Revenue $222,693

As filed on the 2022 return.

Listed in Part VII

  • Michelle Brown

    PRESIDENT

    Total calculated
    $800
    From this org
    $800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Terri Emmons

    SECRETARY/TREASURER

    Total calculated
    $4,424
    From this org
    $4,424
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Chris Balint

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James Bishop

    TRUSTEE

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Kelly Holiday

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mary Cox

    SUPERINTENDENT

    Total calculated
    $246,436
    From this org
    $198,776
    From related orgs
    $0
    Other
    $47,660
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,776
    Bonus
    $0
    Other
    $0
    Deferred
    $35,780
    Nontaxable benefits
    $11,880
    Filer's total
    $246,436

  • Jenna Springer

    CHIEF BUSINESS OFFICER

    Total calculated
    $147,660
    From this org
    $107,830
    From related orgs
    $0
    Other
    $39,830
    Hours/week
    40

  • Matthew Harvey

    SCHOOL DIRECTOR

    Total calculated
    $172,018
    From this org
    $126,588
    From related orgs
    $0
    Other
    $45,430
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,588
    Bonus
    $0
    Other
    $0
    Deferred
    $22,786
    Nontaxable benefits
    $22,644
    Filer's total
    $172,018

  • Amber Rae Johnson

    PSYCHOLOGIST

    Total calculated
    $143,320
    From this org
    $104,932
    From related orgs
    $0
    Other
    $38,388
    Hours/week
    40

  • Frank Koons

    TEACHER

    Total calculated
    $124,724
    From this org
    $101,366
    From related orgs
    $0
    Other
    $23,358
    Hours/week
    40

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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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
14 May 2024
IRS schema version
2022v5.0
Source object
202421369349300107

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