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← VAUGHN NEXT CENTURY LEARNING CENTER

Form 990 for tax year 2022

Filed by VAUGHN NEXT CENTURY LEARNING CENTER.

Totals

Total revenue
$69,840,399
Total expenses
$57,775,524
Contributions and grants received
$67,709,320
Grants paid
$0
Program service revenue
$0
Investment income
$2,063,036
Other revenue
$68,043
Total assets, end of year
$233,501,614
Total liabilities, end of year
$28,102,393
Net assets or fund balances, end of year
$205,399,221
Program services expenses (Part IX)
$48,881,971
Management and general expenses
$8,855,704
Fundraising expenses
$37,849
Program service expenses (Part III)
$48,881,971

Program services were 84.6% 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)

    $67,549,317

  • 1f · All other contributions, gifts and grants

    $160,003

  • 3 · Investment income

    total $2,067,298 · excluded $2,067,298

  • 7a · Gross sales of assets other than inventory

    securities $62,576

  • 7b · Less cost or other basis and sales expenses

    securities $66,838

  • 7c · Gain or loss

    securities -$4,262

  • 7d · Net gain or loss

    total -$4,262 · excluded -$4,262

  • 8a · Fundraising events: gross income

    $29,718

  • 8b · Fundraising events: direct expenses

    $17,825

  • 8c · Net income from fundraising events

    total $11,893 · excluded $11,893

  • 11a · Other revenue: FOOD SERVICES

    total $28,714 · excluded $28,714

  • 11b · Other revenue: ALL OTHER REVENUE

    total $27,436 · excluded $27,436

  • 11e · Other revenue, total

    $56,150

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $748,582 · program services $628,809 · management and general $119,773

  • 7 · Other salaries and wages

    total $29,750,694 · program services $25,056,198 · management and general $4,694,496

  • 8 · Pension plan contributions

    total $2,880,181 · program services $2,880,181

  • 9 · Other employee benefits

    total $3,639,288 · program services $3,065,271 · management and general $574,017

  • 10 · Payroll taxes

    total $1,240,532 · program services $875,413 · management and general $365,119

  • 11b · Fees: legal

    total $47,522 · management and general $47,522

  • 11c · Fees: accounting

    total $48,384 · management and general $48,384

  • 11f · Fees: investment management

    total $62,576 · management and general $62,576

  • 11g · Fees: other

    total $4,593,834 · program services $3,764,395 · management and general $829,439

  • 12 · Advertising and promotion

    total $42,804 · management and general $42,804

  • 13 · Office expenses

    total $872,016 · program services $32,781 · management and general $839,235

  • 14 · Information technology

    total $375,118 · management and general $375,118

  • 16 · Occupancy

    total $2,711,593 · program services $2,431,190 · management and general $280,403

  • 17 · Travel

    total $258,387 · program services $258,387

  • 20 · Interest

    total $4,430 · program services $4,430

  • 22 · Depreciation, depletion and amortization

    total $3,997,052 · program services $3,997,052

  • 23 · Insurance

    total $286,219 · management and general $286,219

  • 24a · Other expenses: INSTRUCTIONAL MATERIALS

    total $1,985,550 · program services $1,985,550

  • 24b · Other expenses: FOOD NUTRITION PROGRAM

    total $1,381,846 · program services $1,381,846

  • 24c · Other expenses: FIELD TRIPS & TRANSPORT

    total $1,309,903 · program services $1,309,903

  • 24d · Other expenses: SPECIAL EDUCATION FEES

    total $640,534 · program services $640,534

  • 24e · All other expenses

    total $898,479 · program services $570,031 · management and general $290,599 · fundraising $37,849

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,322,004 · end of year $7,743,863

  • 2 · Savings and temporary cash investments

    beginning of year $20,393,541 · end of year $35,136,648

  • 4 · Accounts receivable

    beginning of year $6,898,118 · end of year $7,136,289

  • 9 · Prepaid expenses and deferred charges

    beginning of year $170,068 · end of year $666,948

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

    $155,514,418

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

    $37,852,914

  • 10c · Land, buildings and equipment, net

    beginning of year $106,507,367 · end of year $117,661,504

  • 11 · Investments: publicly traded securities

    beginning of year $59,316,096 · end of year $64,288,245

  • 15 · Other assets

    beginning of year $0 · end of year $868,117

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,859,849 · end of year $8,831,834

  • 19 · Deferred revenue

    beginning of year $6,394,000 · end of year $17,902,198

  • 25 · Other liabilities

    beginning of year $562,113 · end of year $1,368,361

  • 27 · Net assets without donor restrictions

    beginning of year $188,194,619 · end of year $202,323,028

  • 28 · Net assets with donor restrictions

    beginning of year $1,596,613 · end of year $3,076,193

Mission and programs · 2022

Mission

VAUGHN IS A LARGE, URBAN, FULL-SERVICE, PUBLIC CHARTER SCHOOL THAT PROVIDES MAXIMUM LEARNING OPPORTUNITIES TO STUDENTS (PRESCHOOL THROUGH GRADE 12) SO THEY WILL BE SUCCESSFUL ACADEMICALLY, PHYSICALLY, AND SOCIALLY. VAUGHN WILL PREPARE STUDENTS TO MASTER GRADE LEVEL STANDARDS, THINK CRITICALLY, AND BE READY FOR POST-SECONDARY LEARNING; REDUCE SOCIAL STRESSORS THAT NEGATIVELY IMPACT CHILD AND FAMILY DEVELOPMENT, INCLUDING POVERTY; CREATE A PROFESSIONAL AND CARING COMMUNITY AMONG STAFF, FAMILIES, AND COMMUNITY; BECOME A MODEL FOR SCHOOL REFORM LOCALLY, NATIONALLY AND GLOBALLY.

Activities or mission (Part I)

VAUGHN IS A LARGE, URBAN, FULL-SERVICE, PUBLIC CHARTER SCHOOL THAT PROVIDES MAXIMUM LEARNING OPPORTUNITIES TO STUDENTS (PRESCHOOL THROUGH GRADE 12) SO THEY WILL BE SUCCESSFUL ACADEMICALLY, PHYSICALLY, AND SOCIALLY. VAUGHN WILL PREPARE STUDENTS TO MASTER GRADE LEVEL.

  • PROVIDED PUBLIC EDUCATION TO STUDENTS IN GRADES PRE-K THROUGH 12, SERVING OVER 2,876 STUDENTS, AND PROVIDED 180 DAYS OF INSTRUCTION. FOR THE YEAR WITH THE MOST RECENTLY AVAILABLE STATISTICS, 2022-23, VAUGHN'S GRADUATION RATE WAS 98%, EXCEEDING STATE GRADUATION RATE OF 83%.

    Expenses $48,881,971

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

Listed in Part VII

  • Alejandro Castellanos

    INTERVENTION SUPPORT/ SECRETARY

    Total calculated
    $59,471
    From this org
    $53,780
    From related orgs
    $0
    Other
    $5,691
    Hours/week
    40

  • Fidel Montes

    TEACHER/MEMBER

    Total calculated
    $126,550
    From this org
    $95,167
    From related orgs
    $0
    Other
    $31,383
    Hours/week
    40

  • Yohana Martinez

    TEACHER/MEMBER

    Total calculated
    $85,403
    From this org
    $69,006
    From related orgs
    $0
    Other
    $16,397
    Hours/week
    40

  • Jonathan Ochoa

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Luis Cervantes

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dr Anthony Jackson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Martiza Gallegos

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Karina Cisneros

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steve Holle

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Fidel Ramirez

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $239,675
    From this org
    $205,319
    From related orgs
    $0
    Other
    $34,356
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,519
    Bonus
    $4,000
    Other
    $1,800
    Deferred
    $32,244
    Nontaxable benefits
    $2,112
    Filer's total
    $239,675

  • Yolanda Gutierrez

    CFO

    Total calculated
    $140,211
    From this org
    $128,670
    From related orgs
    $0
    Other
    $11,541
    Hours/week
    40

  • Ivette Garcia

    DIRECTOR OF SPED

    Total calculated
    $176,120
    From this org
    $147,458
    From related orgs
    $0
    Other
    $28,662
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,458
    Bonus
    $4,000
    Other
    $0
    Deferred
    $22,948
    Nontaxable benefits
    $5,714
    Filer's total
    $176,120

  • Katia Handal

    SCHOOL DIRECTOR (PL)

    Total calculated
    $183,403
    From this org
    $153,366
    From related orgs
    $0
    Other
    $30,037
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,366
    Bonus
    $4,000
    Other
    $0
    Deferred
    $23,881
    Nontaxable benefits
    $6,156
    Filer's total
    $183,403

  • Hazel Tercero

    DIRECTOR OF MENTAL HEALTH

    Total calculated
    $169,627
    From this org
    $141,519
    From related orgs
    $0
    Other
    $28,108
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,561
    Bonus
    $958
    Other
    $0
    Deferred
    $22,394
    Nontaxable benefits
    $5,714
    Filer's total
    $169,627

  • Heather Yoshioka

    DIRECTOR OF INSTRUCTION

    Total calculated
    $161,316
    From this org
    $139,882
    From related orgs
    $0
    Other
    $21,434
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,082
    Bonus
    $4,000
    Other
    $1,800
    Deferred
    $21,434
    Nontaxable benefits
    $0
    Filer's total
    $161,316

  • Sadie A Edemann

    DIRECTOR OF INSTRUCTION

    Total calculated
    $156,572
    From this org
    $135,758
    From related orgs
    $0
    Other
    $20,814
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,958
    Bonus
    $4,000
    Other
    $1,800
    Deferred
    $20,814
    Nontaxable benefits
    $0
    Filer's total
    $156,572

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 · Written employment contract
  • 3 · Compensation survey or study
  • 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.

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
10 May 2024
IRS schema version
2022v5.0
Source object
202431359349306383

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