Form 990 for tax year 2024
Filed by SAN LUIS OBISPO CLASSICAL ACADEMY.
Totals
- Total revenue
- $12,219,947
- Total expenses
- $8,365,510
- Contributions and grants received
- $6,225,072
- Grants paid
- $0
- Program service revenue
- $5,848,240
- Investment income
- $53,647
- Other revenue
- $92,988
- Total assets, end of year
- $8,908,421
- Total liabilities, end of year
- $1,975,729
- Net assets or fund balances, end of year
- $6,932,692
- Program services expenses (Part IX)
- $7,206,243
- Management and general expenses
- $790,797
- Fundraising expenses
- $368,470
- Program service expenses (Part III)
- $7,206,243
Program services were 86.1% 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.
-
1c · Fundraising events
$16,503
-
1d · Related organizations
$148,000
-
1e · Government grants (contributions)
$370,054
-
1f · All other contributions, gifts and grants
$5,690,515
-
1g · Noncash contributions included above
$221,538
-
2a · Program service revenue: TUITION & REGISTRATION
total $4,640,672 · related or exempt $4,640,672
-
2b · Program service revenue: CLASSROOM RELATED
total $1,046,471 · related or exempt $1,046,471
-
2c · Program service revenue: MANAGEMENT INCOME
total $161,097 · related or exempt $161,097
-
3 · Investment income
total $53,647 · excluded $53,647
-
8a · Fundraising events: gross income
$38,484
-
8a · Fundraising events: contributions included on line 1c
$16,503
-
8b · Fundraising events: direct expenses
$12,554
-
8c · Net income from fundraising events
total $25,930 · excluded $25,930
-
10a · Gross sales of inventory
$208,401
-
10b · Cost of goods sold
$141,343
-
10c · Net income from sales of inventory
total $67,058 · related or exempt $67,058
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $342,752 · management and general $342,752
-
7 · Other salaries and wages
total $4,031,611 · program services $3,561,570 · management and general $248,130 · fundraising $221,911
-
9 · Other employee benefits
total $234,870 · program services $234,870
-
10 · Payroll taxes
total $348,897 · program services $243,518 · management and general $97,747 · fundraising $7,632
-
11c · Fees: accounting
total $20,300 · management and general $20,300
-
11e · Fees: professional fundraising services
total $66,978 · fundraising $66,978
-
11g · Fees: other
total $55,365 · program services $55,365
-
12 · Advertising and promotion
total $41,258 · program services $41,258
-
13 · Office expenses
total $119,341 · program services $112,449 · management and general $6,892
-
14 · Information technology
total $56,944 · program services $18,580 · management and general $38,364
-
16 · Occupancy
total $830,835 · program services $830,835
-
22 · Depreciation, depletion and amortization
total $405,668 · program services $405,668
-
23 · Insurance
total $56,645 · program services $42,484 · management and general $14,161
-
24a · Other expenses: FUTURE PROPERTY IN PROG
total $1,030,979 · program services $1,030,979
-
24b · Other expenses: ATHLETICS
total $177,879 · program services $177,879
-
24c · Other expenses: PROMOTION AND EVENTS
total $170,962 · program services $99,013 · fundraising $71,949
-
24d · Other expenses: VIDEOGRAPHY
total $72,202 · program services $72,202
-
24e · All other expenses
total $302,024 · program services $279,573 · management and general $22,451
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $120,346 · end of year $137,681
-
4 · Accounts receivable
beginning of year $15,014 · end of year $115,276
-
8 · Inventories for sale or use
beginning of year $119,552 · end of year $132,821
-
10a · Land, buildings and equipment: cost or other basis
$2,451,510
-
10b · Land, buildings and equipment: accumulated depreciation
$1,664,845
-
10c · Land, buildings and equipment, net
beginning of year $721,583 · end of year $786,665
-
11 · Investments: publicly traded securities
beginning of year $2,401,545 · end of year $6,588,594
-
15 · Other assets
beginning of year $672,846 · end of year $1,147,384
-
17 · Accounts payable and accrued expenses
beginning of year $319,629 · end of year $390,709
-
22 · Loans and payables to officers and key people
end of year $500,000
-
25 · Other liabilities
beginning of year $651,113 · end of year $1,085,020
-
27 · Net assets without donor restrictions
beginning of year $3,080,144 · end of year $6,932,692
Mission and programs · 2024
Mission
A PUBLIC BENEFIT CORP THAT PROVIDES A CLASSICAL EDUCATION MODEL TO THE COMMUNITIES WITHIN SAN LUIS OBISPO COUNTY AND SUPPORTS PARENTS IN THEIR EFFORTS TO EDUCATE THEIR CHILDREN.
-
TO CONDUCT CLASSES IN MATH, LANGUAGE, ARTS, HISTORY, SCIENCE AND OTHER ELECTIVES AT THE EARLY CHILDHOOD, ELEMENTARY, MIDDLE SCHOOL AND HIGH SCHOOL LEVELS AND TO WORK WITH PARENTS TO MONITOR STUDENTS' PROGRESS IN THE HOME SCHOOLING AND SITE BASED EDUCATION COMPONENTS.
Expenses $7,121,745 · Revenue $5,754,201
-
TO PROVIDE MANAGEMENT SERVICES TO A RELATED ENTITY THRIFT STORE.
Expenses $84,498 · Revenue $161,097
As filed on the 2024 return.
Listed in Part VII
-
SUSAN THEULE
PRESIDENT
- Total calculated
- $138,202
- From this org
- $136,834
- From related orgs
- $0
- Other
- $1,368
- Hours/week
- 40 + 2 related
-
JILL TALLEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
SANDEE BECKERS
DIRECTOR - PART YEAR
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
STEVE ENGLISH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 1.5 related
-
BRENDA ENNEY
DIRECTOR - PART YEAR
- Total calculated
- $0
- Hours/week
- 2 + 1.5 related
-
KENNETH MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 1.5 related
-
MARK OLSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 1.5 related
-
JENNIFER PIERCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 1.5 related
-
TIM RONDA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 1.5 related
-
JOSH TANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 1.5 related
-
MIRANDA MARTINEZ
TREASURER
- Total calculated
- $81,466
- From this org
- $81,466
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40 + 2 related
-
AMANDA AINSWORTH
BUSINESS DIRECTOR
- Total calculated
- $119,058
- From this org
- $117,879
- From related orgs
- $0
- Other
- $1,179
- 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.
-
SLOCA THRIFT STORE LLC DBA FRED AND BETTY'S
501(C)(3) · MERCHANDISE SALES · CA
-
501(C)(3) · FINANCIAL SUPPORT ORGANIZATION · CA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 26 March 2026
- IRS schema version
- 2024v5.5
- Source object
- 202600919349300500
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