Form 990 for tax year 2022
Filed by LAYC CAREER ACADEMY PUBLIC CHARTER SCHOOL.
Totals
- Total revenue
- $3,135,291
- Total expenses
- $3,123,757
- Contributions and grants received
- $896,282
- Grants paid
- $0
- Program service revenue
- $2,173,903
- Investment income
- $0
- Other revenue
- $65,106
- Total assets, end of year
- $2,906,577
- Total liabilities, end of year
- $142,291
- Net assets or fund balances, end of year
- $2,764,286
- Program services expenses (Part IX)
- $2,813,132
- Management and general expenses
- $294,647
- Fundraising expenses
- $15,978
- Program service expenses (Part III)
- $2,813,132
Program services were 90.1% 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)
$397,401
-
1f · All other contributions, gifts and grants
$498,881
-
2a · Program service revenue: PER PUPIL ALLOCATION
total $2,173,903 · related or exempt $2,173,903
-
11a · Other revenue: ALL OTHER
total $65,106 · unrelated business $65,106
-
11e · Other revenue, total
$65,106
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $257,177 · program services $238,583 · management and general $17,154 · fundraising $1,440
-
7 · Other salaries and wages
total $1,178,961 · program services $1,093,723 · management and general $78,636 · fundraising $6,602
-
8 · Pension plan contributions
total $17,762 · program services $16,478 · management and general $1,185 · fundraising $99
-
9 · Other employee benefits
total $127,004 · program services $117,821 · management and general $8,471 · fundraising $712
-
10 · Payroll taxes
total $109,662 · program services $101,734 · management and general $7,314 · fundraising $614
-
11b · Fees: legal
total $1,980 · program services $1,837 · management and general $132 · fundraising $11
-
11c · Fees: accounting
total $107,402 · program services $99,637 · management and general $7,164 · fundraising $601
-
11g · Fees: other
total $276,937 · program services $268,935 · management and general $7,382 · fundraising $620
-
13 · Office expenses
total $43,578 · program services $40,427 · management and general $2,906 · fundraising $245
-
16 · Occupancy
total $636,649 · program services $590,620 · management and general $42,464 · fundraising $3,565
-
19 · Conferences, conventions and meetings
total $15,116 · program services $14,023 · management and general $1,008 · fundraising $85
-
21 · Payments to affiliates
total $104,344 · management and general $104,344
-
22 · Depreciation, depletion and amortization
total $81,107 · program services $75,243 · management and general $5,410 · fundraising $454
-
23 · Insurance
total $20,693 · program services $19,197 · management and general $1,380 · fundraising $116
-
24a · Other expenses: ADMINISTRATOR FEE (TO P
total $22,170 · program services $20,567 · management and general $1,479 · fundraising $124
-
24b · Other expenses: CONSULTANT AND PROFESSI
total $18,306 · program services $16,982 · management and general $1,221 · fundraising $103
-
24e · All other expenses
total $104,909 · program services $97,325 · management and general $6,997 · fundraising $587
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,478,384 · end of year $2,381,572
-
3 · Pledges and grants receivable
beginning of year $277,630 · end of year $342,234
-
4 · Accounts receivable
end of year $1,592
-
9 · Prepaid expenses and deferred charges
beginning of year $2,313 · end of year $48,213
-
10a · Land, buildings and equipment: cost or other basis
$421,847
-
10b · Land, buildings and equipment: accumulated depreciation
$333,673
-
10c · Land, buildings and equipment, net
beginning of year $169,281 · end of year $88,174
-
15 · Other assets
beginning of year $44,792 · end of year $44,792
-
17 · Accounts payable and accrued expenses
beginning of year $219,648 · end of year $142,291
-
27 · Net assets without donor restrictions
beginning of year $2,752,752 · end of year $2,764,286
Mission and programs · 2022
Mission
LAYC CAREER ACADEMY ENGAGES AND EMPOWERS YOUNG PEOPLE BETWEEN THE AGES OF 16 - 24 BY PROVIDING A COLLEGE PREPARATORY EDUCATION, CAREER TRAINING IN HIGH GROWTH OCCUPATIONS, AND COLLEGE-CREDIT CLASSES.
Activities or mission (Part I)
LAYC CAREER ACADEMY ENGAGES AND EMPOWERS YOUNG PEOPLE BETWEEN THE AGES OF 16 - 24 BY PROVIDING A COLLEGE PREPARATORY EDUCATION, CAREER TRAINING IN HIGH GROWTH OCCUPATIONS, AND COLLEGE-CREDIT CLASSES. THE LAYC CAREER ACADEMY (LAYCCA) IS AN INNOVATIVE SCHOOL MODEL THAT PROVIDES A BRIDGE BETWEEN HIGH SCHOOL AND COLLEGE FOR YOUTH AGES 16 TO 24 IN THE DISTRICT OF COLUMBIA. LAYCCA PROVIDES YOUTH WITH COLLEGE CREDITS, A RIGOROUS AND SELF-PACED GED PROGRAM, A COLLEGE PREPARATORY CURRICULUM AND CAREER TRAINING IN THE HEALTH CARE AND INFORMATION TECHNOLOGY (IT) FIELDS. NINETY FIVE PERCENT OF OUR STUDENTS ARE WORKING OR IN SCHOOL WITHIN SIX MONTHS OF GRADUATION.
-
LAYC CAREER ACADEMY ENGAGES AND EMPOWERS YOUNG PEOPLE BETWEEN THE AGES OF 16 AND 24 BY PROVIDING A COLLEGE PREPARATORY EDUCATION, CAREER TRAINING IN HIGH-GROWTH OCCUPATIONS AND/OR COLLEGE-CREDIT CLASSES AND THE CONFIDENCE TO SUCCEED IN COLLEGE AND CAREERS. NINETY FIVE PERCENT OF OUR STUDENTS ARE WORKING OR IN SCHOOL WITHIN SIX MONTHS OF GRADUATION.
Expenses $2,813,132 · Revenue $2,173,903
As filed on the 2022 return.
Listed in Part VII
-
Lori KaplanLORI KAPLAN
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Ana HageageANA HAGEAGE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Juan Carlos PereiraJUAN CARLOS PEREIRA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kate BrannonKATE BRANNON
BOARD TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Talib RobinsonTALIB ROBINSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Linda MooreLINDA MOORE
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Emmanuel CaudilloEMMANUEL CAUDILLO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Benjamin RuizBENJAMIN RUIZ
STUDENT BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dean D'AngeloDEAN D'ANGELO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ivette CruzIVETTE CRUZ
DIRECTOR OF ACADEMICS
- Total calculated
- $100,000
- From this org
- $100,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Nicole HanrahanNICOLE HANRAHAN
EXECUTIVE DIRECTOR
- Total calculated
- $135,763
- From this org
- $135,763
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jacqueline FernandezJACQUELINE FERNANDEZ
SCHOOL PRINCIPAL
- Total calculated
- $121,414
- From this org
- $121,414
- From related orgs
- $0
- Other
- $0
- 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.
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.
-
LATIN AMERICAN YOUTH CENTER (LAYC)
501(C)(3) · SOCIAL SERVICES FOR YOUTH IN DC AND MD · DC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 6 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431299349300723
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