Totals
- Total revenue
- $35,873,317
- Total expenses
- $38,094,276
- Contributions and grants received
- $35,945,881
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- -$106,937
- Other revenue
- $34,373
- Total assets, end of year
- $112,688,873
- Total liabilities, end of year
- $24,365,221
- Net assets or fund balances, end of year
- $88,323,652
- Program services expenses (Part IX)
- $30,590,777
- Management and general expenses
- $7,503,499
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $30,590,777
Program services were 80.3% 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)
$35,095,727
-
1f · All other contributions, gifts and grants
$850,154
-
1g · Noncash contributions included above
$585,149
-
3 · Investment income
total $757,452 · excluded $757,452
-
7a · Gross sales of assets other than inventory
securities $1,501,921
-
7b · Less cost or other basis and sales expenses
securities $2,366,310
-
7c · Gain or loss
securities -$864,389
-
7d · Net gain or loss
total -$864,389 · excluded -$864,389
-
11a · Other revenue: OTHER INCOME
total $34,373 · excluded $34,373
-
11e · Other revenue, total
$34,373
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $636,496 · program services $395,966 · management and general $240,530
-
7 · Other salaries and wages
total $15,934,953 · program services $12,813,242 · management and general $3,121,711
-
8 · Pension plan contributions
total $3,029,108 · program services $3,029,108
-
9 · Other employee benefits
total $2,117,654 · program services $1,700,007 · management and general $417,647
-
10 · Payroll taxes
total $579,965 · program services $257,181 · management and general $322,784
-
11b · Fees: legal
total $282,807 · management and general $282,807
-
11c · Fees: accounting
total $429,118 · management and general $429,118
-
11g · Fees: other
total $3,753,662 · program services $2,955,326 · management and general $798,336
-
12 · Advertising and promotion
total $5,451 · management and general $5,451
-
13 · Office expenses
total $1,330,580 · program services $883,053 · management and general $447,527
-
14 · Information technology
total $221,895 · management and general $221,895
-
16 · Occupancy
total $933,839 · program services $648,535 · management and general $285,304
-
17 · Travel
total $92,809 · program services $92,809
-
20 · Interest
total $218,037 · management and general $218,037
-
22 · Depreciation, depletion and amortization
total $2,163,994 · program services $2,163,994
-
23 · Insurance
total $199,604 · management and general $199,604
-
24a · Other expenses: BOOKS AND SUPPLIES
total $2,422,020 · program services $2,133,667 · management and general $288,353
-
24b · Other expenses: SPECIAL ED SERVICES
total $1,737,957 · program services $1,737,957
-
24c · Other expenses: AFTER SCHOOL SERVICES
total $1,392,320 · program services $1,392,320
-
24d · Other expenses: CHARTER AUTHORIZER FEES
total $612,007 · program services $387,612 · management and general $224,395
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,401,981 · end of year $6,030,130
-
2 · Savings and temporary cash investments
beginning of year $699,698 · end of year $662,519
-
4 · Accounts receivable
beginning of year $4,390,298 · end of year $9,407,412
-
9 · Prepaid expenses and deferred charges
beginning of year $123,867 · end of year $158,768
-
10a · Land, buildings and equipment: cost or other basis
$91,313,416
-
10b · Land, buildings and equipment: accumulated depreciation
$24,395,990
-
10c · Land, buildings and equipment, net
beginning of year $66,796,778 · end of year $66,917,426
-
12 · Investments: other securities
beginning of year $29,053,302 · end of year $29,281,632
-
15 · Other assets
beginning of year $274,872 · end of year $230,986
-
17 · Accounts payable and accrued expenses
beginning of year $1,187,544 · end of year $4,691,738
-
19 · Deferred revenue
beginning of year $2,999,720 · end of year $10,453,030
-
23 · Secured mortgages and notes payable
beginning of year $9,361,203 · end of year $8,984,317
-
25 · Other liabilities
beginning of year $274,872 · end of year $236,136
-
27 · Net assets without donor restrictions
beginning of year $88,917,457 · end of year $88,323,652
Mission and programs · 2022
Mission
THE ACCELERATED SCHOOLS WERE FOUNDED ON THE BELIEF THAT EVERY CHILD SHOULD BE TREATED AS GIFTED, WITH AN EMPHASIS ON HIGH EXPECTATIONS FOR STUDENT ACHIEVEMENT, A SUPPORTIVE LEARNING ENVIRONMENT, AND EXTENSIVE PARENT INVOLVEMENT.
Activities or mission (Part I)
THE ACCELERATED SCHOOLS WERE FOUNDED ON THE BELIEF THAT EVERY CHILD SHOULD BE TREATED (SEE SCH O)
-
THE ORGANIZATION OPERATES THREE CHARTER SCHOOLS; THE ACCELERATED SCHOOL (TAS), ACCELERATED ELEMENTARY CHARTER SCHOOL (ACES), AND WALLIS ANNENBERG HIGH SCHOOL (WAHS). TAS CURRENTLY SERVES APPROXIMATELY 740 STUDENTS IN GRADES TRANSITIONAL KINDERGARTEN THROUGH EIGHT. ACES CURRENTLY SERVES APPROXIMATELY 500 STUDENTS IN GRADES TRANSITIONAL KINDERGARTEN THROUGH SIX. WAHS CURRENTLY SERVES APPROXIMATELY 450 STUDENTS IN GRADES NINE THROUGH TWELVE.
Expenses $30,590,777
As filed on the 2022 return.
Listed in Part VII
-
Leonard RabinowitzLEONARD RABINOWITZ
PRESIDENT
- Total calculated
- $0
- Hours/week
- 6 + 2 related
-
Peter B MorrisonPETER B MORRISON
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Lawrence PicusLAWRENCE PICUS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Binti P YostBINTI P YOST
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Elisabeth WeissELISABETH WEISS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Stephen DickinsonSTEPHEN DICKINSON
CHIEF BUSINESS OFFICER/CFO
- Total calculated
- $153,750
- From this org
- $153,307
- From related orgs
- $0
- Other
- $443
- Hours/week
- 40 + 2 related
Schedule J breakdown matched by us
- Base
- $153,307
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $443
- Filer's total
- $153,750
-
Grace Lee-ChangGRACE LEE-CHANG
CHIEF EXECUTIVE OFFICER
- Total calculated
- $263,288
- From this org
- $223,125
- From related orgs
- $0
- Other
- $40,163
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $223,125
- Bonus
- $0
- Other
- $0
- Deferred
- $40,163
- Nontaxable benefits
- $0
- Filer's total
- $263,288
-
Lenita LugoLENITA LUGO
DIRECTOR/SECRETARY
- Total calculated
- $211,517
- From this org
- $177,370
- From related orgs
- $0
- Other
- $34,147
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $177,370
- Bonus
- $0
- Other
- $0
- Deferred
- $31,927
- Nontaxable benefits
- $2,220
- Filer's total
- $211,517
-
Kimberly ClerxKIMBERLY CLERX
PRINCIPAL, TAS
- Total calculated
- $180,344
- From this org
- $151,814
- From related orgs
- $0
- Other
- $28,530
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $151,814
- Bonus
- $0
- Other
- $0
- Deferred
- $27,327
- Nontaxable benefits
- $1,203
- Filer's total
- $180,344
-
Francis ReadingFRANCIS READING
DIRECTOR OF ELEMENTARY EDUCATION
- Total calculated
- $201,440
- From this org
- $168,613
- From related orgs
- $0
- Other
- $32,827
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $168,613
- Bonus
- $0
- Other
- $0
- Deferred
- $30,350
- Nontaxable benefits
- $2,477
- Filer's total
- $201,440
-
Cynthia FoleyCYNTHIA FOLEY
CHIEF HR OFFICER
- Total calculated
- $192,234
- From this org
- $161,798
- From related orgs
- $0
- Other
- $30,436
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $161,798
- Bonus
- $0
- Other
- $0
- Deferred
- $29,124
- Nontaxable benefits
- $1,312
- Filer's total
- $192,234
-
Robert FrenchROBERT FRENCH
DIRECTOR OF HR
- Total calculated
- $194,022
- From this org
- $161,984
- From related orgs
- $0
- Other
- $32,038
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $161,984
- Bonus
- $0
- Other
- $0
- Deferred
- $29,157
- Nontaxable benefits
- $2,881
- Filer's total
- $194,022
-
Kimberly SheehanKIMBERLY SHEEHAN
DIRECTOR OF OPERATIONS
- Total calculated
- $214,312
- From this org
- $181,109
- From related orgs
- $0
- Other
- $33,203
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $181,109
- Bonus
- $0
- Other
- $0
- Deferred
- $32,600
- Nontaxable benefits
- $603
- Filer's total
- $214,312
-
Felicia JacksonFELICIA JACKSON
ASSISTANT PRINCIPAL, TAS
- Total calculated
- $161,402
- From this org
- $136,781
- From related orgs
- $0
- Other
- $24,621
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $136,781
- Bonus
- $0
- Other
- $0
- Deferred
- $24,621
- Nontaxable benefits
- $0
- Filer's total
- $161,402
-
Carlos GarciaCARLOS GARCIA
TECHNOLOGY DIRECTOR
- Total calculated
- $174,596
- From this org
- $147,669
- From related orgs
- $0
- Other
- $26,927
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $147,669
- Bonus
- $0
- Other
- $0
- Deferred
- $26,580
- Nontaxable benefits
- $347
- Filer's total
- $174,596
-
Deborah AlbinDEBORAH ALBIN
PROGRAM SPECIALIST
- Total calculated
- $168,149
- From this org
- $139,114
- From related orgs
- $0
- Other
- $29,035
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $139,114
- Bonus
- $0
- Other
- $0
- Deferred
- $25,041
- Nontaxable benefits
- $3,994
- Filer's total
- $168,149
-
Carmen RamosCARMEN RAMOS
ASSISTANT PRINCIPAL, ACES
- Total calculated
- $163,714
- From this org
- $137,651
- From related orgs
- $0
- Other
- $26,063
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $137,651
- Bonus
- $0
- Other
- $0
- Deferred
- $24,777
- Nontaxable benefits
- $1,286
- Filer's total
- $163,714
-
Karin FigueroaKARIN FIGUEROA
PRINCIPAL, ACES
- Total calculated
- $170,352
- From this org
- $143,259
- From related orgs
- $0
- Other
- $27,093
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $143,259
- Bonus
- $0
- Other
- $0
- Deferred
- $25,787
- Nontaxable benefits
- $1,306
- Filer's total
- $170,352
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 · 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.
-
THE ACCELERATED SCHOOLS FOUNDATION
501(C)(3) · SUPPORT EDUCATION · CA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 2 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431289349302503
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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