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Nonprofiteer
← VAUGHN NEXT CENTURY LEARNING CENTER

Form 990 for tax year 2024

Filed by VAUGHN NEXT CENTURY LEARNING CENTER.

Totals

Total revenue
$68,495,578
Total expenses
$58,678,249
Contributions and grants received
$64,844,156
Grants paid
$0
Program service revenue
$0
Investment income
$3,602,570
Other revenue
$48,852
Total assets, end of year
$261,408,441
Total liabilities, end of year
$23,216,341
Net assets or fund balances, end of year
$238,192,100
Program services expenses (Part IX)
$47,711,922
Management and general expenses
$10,711,649
Fundraising expenses
$254,678
Program service expenses (Part III)
$47,711,922

Program services were 81.3% 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)

    $64,575,688

  • 1f · All other contributions, gifts and grants

    $268,468

  • 3 · Investment income

    total $3,602,570 · excluded $3,602,570

  • 7a · Gross sales of assets other than inventory

    securities $2,787,735

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

    securities $2,787,735

  • 7c · Gain or loss

    securities $0

  • 11a · Other revenue: ALL OTHER REVENUE

    total $33,837 · related or exempt $11,012 · excluded $22,825

  • 11b · Other revenue: FOOD SERVICES

    total $15,015 · related or exempt $15,015

  • 11e · Other revenue, total

    $48,852

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $901,810 · program services $773,838 · management and general $127,972

  • 7 · Other salaries and wages

    total $29,696,164 · program services $24,139,723 · management and general $5,556,441

  • 8 · Pension plan contributions

    total $3,456,866 · program services $3,421,916 · management and general $34,950

  • 9 · Other employee benefits

    total $4,803,123 · program services $3,949,249 · management and general $853,874

  • 10 · Payroll taxes

    total $1,202,123 · program services $771,780 · management and general $430,343

  • 11b · Fees: legal

    total $36,459 · management and general $36,459

  • 11c · Fees: accounting

    total $59,377 · management and general $59,377

  • 11f · Fees: investment management

    total $100,283 · management and general $100,283

  • 11g · Fees: other

    total $4,100,614 · program services $3,421,544 · management and general $679,070

  • 12 · Advertising and promotion

    total $2,951 · management and general $2,951

  • 13 · Office expenses

    total $525,591 · program services $44,385 · management and general $481,206

  • 14 · Information technology

    total $624,303 · management and general $624,303

  • 16 · Occupancy

    total $2,580,398 · program services $1,694,937 · management and general $885,461

  • 17 · Travel

    total $311,650 · program services $307,106 · management and general $4,544

  • 22 · Depreciation, depletion and amortization

    total $3,750,070 · program services $3,750,070

  • 23 · Insurance

    total $495,121 · management and general $495,121

  • 24a · Other expenses: INSTRUCTIONAL MATERIALS

    total $2,408,023 · program services $2,231,730 · management and general $176,293

  • 24b · Other expenses: NUTRITION PROGRAM FOOD

    total $1,760,434 · program services $1,760,434

  • 24c · Other expenses: ALL OTHER EXPENSES

    total $971,667 · program services $553,988 · management and general $163,001 · fundraising $254,678

  • 24d · Other expenses: SPECIAL EDUCATION FEES

    total $582,381 · program services $582,381

  • 24e · All other expenses

    total $308,841 · program services $308,841

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,862,783 · end of year $3,587,386

  • 2 · Savings and temporary cash investments

    beginning of year $49,538,356 · end of year $52,497,708

  • 4 · Accounts receivable

    beginning of year $3,443,405 · end of year $6,231,299

  • 9 · Prepaid expenses and deferred charges

    beginning of year $469,799 · end of year $470,807

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

    $162,312,405

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

    $45,975,164

  • 10c · Land, buildings and equipment, net

    beginning of year $120,239,188 · end of year $116,337,241

  • 11 · Investments: publicly traded securities

    beginning of year $72,496,182 · end of year $81,958,507

  • 15 · Other assets

    beginning of year $587,752 · end of year $325,493

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,135,001 · end of year $6,840,048

  • 19 · Deferred revenue

    beginning of year $18,525,452 · end of year $15,380,795

  • 25 · Other liabilities

    beginning of year $1,085,190 · end of year $995,498

  • 27 · Net assets without donor restrictions

    beginning of year $216,840,603 · end of year $233,775,948

  • 28 · Net assets with donor restrictions

    beginning of year $4,051,219 · end of year $4,416,152

Mission and programs · 2024

Mission

VAUGHN IS A LARGE, URBAN, FULL-SERVICE, PUBLIC CHARTER SCHOOL THAT PROVIDES MAXIMUM LEARNING OPPORTUNITIES TO STUDENTS (TK 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. TO ACHIEVE ITS MISSION, VAUGHN PROVIDES HIGH QUALITY INSTRUCTIONAL PROGRAMS, SUPPORTS COMMUNITY DEVELOPMENT AND WORKFORCE HOUSING, AND ADVANCES INNOVATIONS TO MEET STUDENT EMERGING NEEDS.

Activities or mission (Part I)

TO MAXIMIZE LEARNING OPPORTUNITIES AND FOSTERING ACADEMIC, PHYSICAL, AND SOCIAL SUCCESS.

  • PROVIDED PUBLIC EDUCATION TO STUDENTS IN GRADES TK THROUGH 12, SERVING OVER 2,629 STUDENTS, AND PROVIDED 180 DAYS OF INSTRUCTION. FOR THE YEAR WITH THE MOST RECENTLY AVAILABLE STATISTICS, 2024-25, VAUGHN'S GRADUATION RATE WAS 98%, EXCEEDING STATE GRADUATION RATE OF 86%.

    Expenses $47,711,922 · Revenue $26,027

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Fidel Ramirez

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $293,790
    From this org
    $245,581
    From related orgs
    $0
    Other
    $48,209
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,281
    Bonus
    $2,500
    Other
    $1,800
    Deferred
    $46,187
    Nontaxable benefits
    $2,022
    Filer's total
    $293,790

  • Yolanda Griffin

    CHIEF FINANCIAL OFFICER

    Total calculated
    $198,946
    From this org
    $177,281
    From related orgs
    $0
    Other
    $21,665
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,281
    Bonus
    $2,500
    Other
    $3,500
    Deferred
    $0
    Nontaxable benefits
    $21,665
    Filer's total
    $198,946

  • Ivette Garcia

    DIRECTOR OF SPED

    Total calculated
    $197,838
    From this org
    $159,901
    From related orgs
    $0
    Other
    $37,937
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,401
    Bonus
    $2,500
    Other
    $0
    Deferred
    $30,136
    Nontaxable benefits
    $7,801
    Filer's total
    $197,838

  • Sandra Contreraz

    DIRECTOR - SECONDARY

    Total calculated
    $193,769
    From this org
    $149,897
    From related orgs
    $0
    Other
    $43,872
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,397
    Bonus
    $2,500
    Other
    $0
    Deferred
    $28,517
    Nontaxable benefits
    $15,355
    Filer's total
    $193,769

  • Hazel Tercero

    DIRECTOR OF MENTAL HEALTH

    Total calculated
    $192,480
    From this org
    $155,401
    From related orgs
    $0
    Other
    $37,079
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,901
    Bonus
    $2,500
    Other
    $0
    Deferred
    $29,277
    Nontaxable benefits
    $7,802
    Filer's total
    $192,480

  • Heather Yoshioka

    DIRECTOR OF INSTRUCTION

    Total calculated
    $188,050
    From this org
    $158,582
    From related orgs
    $0
    Other
    $29,468
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,282
    Bonus
    $2,500
    Other
    $1,800
    Deferred
    $29,468
    Nontaxable benefits
    $0
    Filer's total
    $188,050

  • Sadie A Edemann

    DIRECTOR OF INSTRUCTION

    Total calculated
    $186,115
    From this org
    $156,957
    From related orgs
    $0
    Other
    $29,158
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,657
    Bonus
    $2,500
    Other
    $1,800
    Deferred
    $29,158
    Nontaxable benefits
    $0
    Filer's total
    $186,115

  • David Cory

    DIRECTOR/TEACHER

    Total calculated
    $157,560
    From this org
    $112,926
    From related orgs
    $0
    Other
    $44,634
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $91,242
    Bonus
    $8,100
    Other
    $13,584
    Deferred
    $21,860
    Nontaxable benefits
    $22,774
    Filer's total
    $157,560

  • Andrea Alvarez

    DIRECTOR/TEACHER

    Total calculated
    $112,775
    From this org
    $88,243
    From related orgs
    $0
    Other
    $24,532
    Hours/week
    40

  • Amanda Uncapher

    DIRECTOR/TEACHER

    Total calculated
    $112,310
    From this org
    $81,662
    From related orgs
    $0
    Other
    $30,648
    Hours/week
    40

  • Leland Tang

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Luis Cervantes

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Stephen Holle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Anthony Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Suzanne Llamas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Magaly Rojas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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
2024
Filed
28 April 2026
IRS schema version
2024v5.5
Source object
202601189349300345

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