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← LOS ANGELES ACADEMY OF ARTS AND ENTERPRISE

Form 990 for tax year 2022

Filed by LOS ANGELES ACADEMY OF ARTS AND ENTERPRISE.

Totals

Total revenue
$6,165,674
Total expenses
$6,062,649
Contributions and grants received
$6,021,550
Grants paid
$0
Program service revenue
$11,261
Investment income
$123,753
Other revenue
$9,110
Total assets, end of year
$5,173,238
Total liabilities, end of year
$1,631,873
Net assets or fund balances, end of year
$3,541,365
Program services expenses (Part IX)
$5,700,630
Management and general expenses
$362,019
Fundraising expenses
$0
Program service expenses (Part III)
$5,700,630

Program services were 94.0% 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

    $1,028

  • 1e · Government grants (contributions)

    $6,012,287

  • 1f · All other contributions, gifts and grants

    $8,235

  • 2a · Program service revenue: STUDENT ACTIVITIES

    total $11,261 · related or exempt $11,261

  • 3 · Investment income

    total $123,753 · excluded $123,753

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $1,028

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: REFUNDS/FEES

    total $9,110 · excluded $9,110

  • 11e · Other revenue, total

    $9,110

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $130,884 · program services $104,707 · management and general $26,177

  • 7 · Other salaries and wages

    total $2,430,117 · program services $2,253,280 · management and general $176,837

  • 8 · Pension plan contributions

    total $495,667 · program services $495,667

  • 9 · Other employee benefits

    total $182,269 · program services $174,062 · management and general $8,207

  • 10 · Payroll taxes

    total $119,184 · program services $113,547 · management and general $5,637

  • 11b · Fees: legal

    total $562,840 · program services $514,536 · management and general $48,304

  • 11c · Fees: accounting

    total $134,625 · program services $123,071 · management and general $11,554

  • 11g · Fees: other

    total $351,739 · program services $343,787 · management and general $7,952

  • 12 · Advertising and promotion

    total $19,749 · program services $18,054 · management and general $1,695

  • 13 · Office expenses

    total $57,778 · program services $53,618 · management and general $4,160

  • 14 · Information technology

    total $5,391 · program services $4,928 · management and general $463

  • 16 · Occupancy

    total $419,979 · program services $386,664 · management and general $33,315

  • 17 · Travel

    total $21,393 · program services $21,393

  • 19 · Conferences, conventions and meetings

    total $35,879 · program services $35,781 · management and general $98

  • 20 · Interest

    total $978 · program services $894 · management and general $84

  • 22 · Depreciation, depletion and amortization

    total $17,428 · program services $15,932 · management and general $1,496

  • 23 · Insurance

    total $55,514 · program services $50,750 · management and general $4,764

  • 24a · Other expenses: BOOKS AND SUPPLIES

    total $481,560 · program services $466,471 · management and general $15,089

  • 24b · Other expenses: EDUCATIONAL CONSULTANTS

    total $338,624 · program services $326,036 · management and general $12,588

  • 24c · Other expenses: CHARTER AUTHORIZER FEES

    total $201,051 · program services $197,452 · management and general $3,599

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,323,892 · end of year $1,982,409

  • 4 · Accounts receivable

    beginning of year $618,530 · end of year $691,521

  • 9 · Prepaid expenses and deferred charges

    beginning of year $147,509 · end of year $25,477

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

    $281,492

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

    $119,398

  • 10c · Land, buildings and equipment, net

    beginning of year $179,522 · end of year $162,094

  • 11 · Investments: publicly traded securities

    beginning of year $2,058,065 · end of year $2,220,853

  • 15 · Other assets

    beginning of year $86,325 · end of year $90,884

  • 17 · Accounts payable and accrued expenses

    beginning of year $400,154 · end of year $308,726

  • 19 · Deferred revenue

    beginning of year $617,886 · end of year $1,318,768

  • 25 · Other liabilities

    beginning of year $0 · end of year $4,379

  • 27 · Net assets without donor restrictions

    beginning of year $3,146,037 · end of year $3,447,413

  • 28 · Net assets with donor restrictions

    beginning of year $249,766 · end of year $93,952

Mission and programs · 2022

Mission

TO PREPARE STUDENTS FOR LEADERSHIP IN THE ARTS AND BUSINESS; WHERE CREATIVITY, ACADEMIC KNOWLEDGE AND FINANCIAL LITERACY ARE ESSENTIAL FOR SUCCESS. WE ARE PROVIDING AN EDUCATION THAT INTEGRATES THE FOUR LENSES OF LEARNING: ACADEMICS, ARTS, ENTERPRISE, AND PERSONAL GROWTH.

Activities or mission (Part I)

OPERATION OF A PUBLIC CHARTER SCHOOL SERVING STUDENTS IN GRADES 6 TO 12 IN WEST DOWNTOWN L.A.

  • LOS ANGELES ACADEMY OF ARTS AND ENTERPRISE (LAAAE) PROVIDES A DYNAMIC, INNOVATIVE EDUCATION THAT INTEGRATES THE FOUR LENSES OF LEARNING: ACADEMICS, ARTS, ENTERPRISE, AND PERSONAL GROWTH. -ACADEMICS: THE LAAAE CURRICULUM FULLY ADDRESSES THE CORE ACADEMIC CONTENT STANDARDS OF THE CALIFORNIA STATE BOARD OF EDUCATION AND MEETS THE UNIVERSITY OF CALIFORNIA A-G ADMISSION REQUIREMENTS.-ARTS: LAAAE PROVIDES COMPREHENSIVE COURSES IN THE VISUAL AND PERFORMING ARTS.-ENTERPRISE: LAAAE PROVIDES BUSINESS EDUCATION COURSES THAT TEACH CORE AND ADVANCED PRINCIPLES OF ENTERPRISE, ECONOMICS, AND ENTREPRENEURSHIP.-PERSONAL GROWTH: LAAAE FOCUSES ON PERSONAL GROWTH AND RESPONSIBILITY TO SELF AND OTHERS, THROUGH CHARACTER EDUCATION AND COMMUNITY SERVICE.

    Expenses $5,700,630 · Revenue $11,261

As filed on the 2022 return.

Listed in Part VII

  • Moctesuma Esparza

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Hector Orci

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Julio Vallejo

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Tonantzin Esparza

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Norma Orci

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Otto Padron

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Victoria Castro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Calvo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Defrenza

    PRINCIPAL

    Total calculated
    $151,585
    From this org
    $124,475
    From related orgs
    $0
    Other
    $27,110
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,475
    Bonus
    $0
    Other
    $2,000
    Deferred
    $21,368
    Nontaxable benefits
    $5,742
    Filer's total
    $151,585

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 · Form 990 of other organizations
  • 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.

Provenance

Return type
form_990
Tax year
2022
Filed
23 April 2024
IRS schema version
2022v5.0
Source object
202411149349302016

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