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Nonprofiteer
← OFL CAPISTRANO INC

Form 990 for tax year 2022

Filed by OFL CAPISTRANO INC.

Totals

Total revenue
$2,900,809
Total expenses
$2,803,876
Contributions and grants received
$2,900,809
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$4,658,067
Total liabilities, end of year
$2,139,877
Net assets or fund balances, end of year
$2,518,190
Program services expenses (Part IX)
$2,545,408
Management and general expenses
$258,468
Fundraising expenses
$0
Program service expenses (Part III)
$2,545,408

Program services were 90.8% 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.

  • 1a · Federated campaigns

    $1,143

  • 1e · Government grants (contributions)

    $2,899,666

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,146,773 · program services $1,146,773

  • 8 · Pension plan contributions

    total $41,151 · program services $41,151

  • 9 · Other employee benefits

    total $207,158 · program services $207,158

  • 10 · Payroll taxes

    total $93,138 · program services $93,138

  • 11a · Fees: management

    total $452,150 · program services $329,033 · management and general $123,117

  • 11g · Fees: other

    total $270,315 · program services $196,710 · management and general $73,605

  • 12 · Advertising and promotion

    total $12,345 · management and general $12,345

  • 13 · Office expenses

    total $48,103 · management and general $48,103

  • 16 · Occupancy

    total $186,822 · program services $186,822

  • 17 · Travel

    total $10,616 · program services $9,366 · management and general $1,250

  • 22 · Depreciation, depletion and amortization

    total $64,331 · program services $64,331

  • 23 · Insurance

    total $24,103 · program services $24,103

  • 24a · Other expenses: INSTRUCTIONAL MATERIALS

    total $210,089 · program services $210,089

  • 24b · Other expenses: OTHER EXPENSES

    total $36,734 · program services $36,686 · management and general $48

  • 24c · Other expenses: TAX EXPENSE

    total $48 · program services $48

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,349,177 · end of year $3,516,038

  • 4 · Accounts receivable

    beginning of year $841,149 · end of year $573,751

  • 9 · Prepaid expenses and deferred charges

    beginning of year $313,234 · end of year $27,080

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

    $351,815

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

    $294,595

  • 10c · Land, buildings and equipment, net

    beginning of year $121,551 · end of year $57,220

  • 15 · Other assets

    beginning of year $18,701 · end of year $483,978

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,801,111 · end of year $795,811

  • 19 · Deferred revenue

    beginning of year $421,444 · end of year $875,616

  • 25 · Other liabilities

    beginning of year $0 · end of year $468,450

  • 27 · Net assets without donor restrictions

    beginning of year $2,421,257 · end of year $2,518,190

Mission and programs · 2022

Mission

OPPORTUNITIES FOR LEARNING (OFL), A NETWORK OF FREE PUBLIC CHARTER HIGH SCHOOLS IN SOUTHERN CALIFORNIA, OFFERS STUDENTS A FLEXIBLE, PERSONALIZED APPROACH TO EDUCATION.

Activities or mission (Part I)

OFFER STUDENTS A FLEXIBLE, PERSONALIZED APPROACH TO EDUCATION.

  • CONNECT WITH STUDENTS TO EMPOWER AND INSPIRE THEM TO ACHIEVE THEIR GOALS AND MAKE THEIR DREAMS A REALITY. THE CHARTER SCHOOL PROVIDES INDEPENDENT STUDY PROGRAMS FOR INDIVIDUALS NOT ATTENDING TRADITIONAL SCHOOL. IN THE 2022-2023 SCHOOL YEAR, THE ORGANIZATION SERVED 115 STUDENTS IN GRADES 7 THROUGH 12.

    Expenses $2,545,408

As filed on the 2022 return.

Listed in Part VII

  • Beth Smyth

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Bailey

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jessica Boucher

    PRINCIPAL

    Total calculated
    $159,402
    From this org
    $148,525
    From related orgs
    $0
    Other
    $10,877
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,525
    Bonus
    $0
    Other
    $0
    Deferred
    $5,679
    Nontaxable benefits
    $5,198
    Filer's total
    $159,402

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

None.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
29 April 2024
IRS schema version
2022v5.0
Source object
202411229349302866

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