Overview
What is Pacific Charter School Development?
Pacific Charter School Development (PCSD) is a nonprofit organization based in Los Angeles, California, dedicated to accelerating the pace of urban school reform by developing affordable facilities for high-performing charter schools. They collaborate with esteemed organizations operating schools for low-income students, enabling them to expand and reach more families. PCSD creates sustainable and environmentally-responsible charter school campuses, offering smaller, customized learning environments that yield superior academic results. To date, they have completed nearly $1 billion in projects, serving 46,703 students across various school districts and municipalities. The majority of students at these schools, except one, receive free or reduced-price meals. By helping schools navigate the barriers to finding, financing, entitling, building, and securing facilities, PCSD's development fee and below-market rent allow these schools to acquire real assets and long-term balance sheet stability. This model, supported by leading foundations, ensures that each philanthropic dollar generates additional charter school seats many times over. PCSD's mission is to dismantle systemic inequality in education by expanding educational opportunities for students in under-resourced communities. With 21 employees, they provide low-cost facilities to high-quality charter schools.
Official website here: www.pacificcharter.org
Is Pacific Charter School Development legitimate?
Pacific Charter School Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pacific Charter School Development submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $801,809
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,460,577
For more financial information, click here
Official website here: www.pacificcharter.org
What is the mission statement of Pacific Charter School Development?
Pacific Charter School Development is a non-profit organization dedicated to dismantling systemic inequality in education by expanding educational opportunities for students in under-reserved communities. They achieve this by partnering with high-performing charter schools to provide them with low-cost facilities. The organization creates academically-friendly, sustainable, and environmentally-responsible charter school campuses, serving thousands of students across multiple districts and municipalities. The majority of students at each campus receive free or reduced-price meals. Pacific Charter School Development helps charter schools overcome financial and logistical barriers to securing facilities, charging below-market rent and development fees. Once a charter school reaches maturity, Pacific Charter School Development assists them in acquiring real assets and long-term financing, enabling each philanthropic dollar to generate additional charter school seats. The organization's partners include major foundations involved in urban education reform.
Official website here: www.pacificcharter.org
Who is the CEO of Pacific Charter School Development?
John Sun is the Ceo of Pacific Charter School Development. The CEO's salary of Pacific Charter School Development is $312,505 and their total compensation is $345,885.
Official website here: www.pacificcharter.org
What is the revenue of Pacific Charter School Development?
Pacific Charter School Development's revenue in 2022 was $12,145,309.
Official website here: www.pacificcharter.org
Who are the executives of Pacific Charter School Development and what are their salaries?
The average compensation at Pacific Charter School Development during 2022 was $155,352. There are 21 employees and 7 volunteers at Pacific Charter School Development.
Here are 15 key members and their salaries (Pacific Charter School Development's CEO's salary is $312,505 and their total compensation is $345,885):
- John Sun (Ceo) [Trustee/Director]
- Kahlmus Eatman (Coo)
- James Heugas (Executive Director Washing)
- Scarlet Sy (Cfo)
- Jennifer Afdahl-Rice (Executive Director Bay Are)
- Hope Fang (Senior Project Manager)
- Mera Baker (General Counsel)
- Joe Wilson (Senior Project Manager)
- Paul Habibi (Secretary) [Trustee/Director]
- Delphine Sherman (Board Member) [Trustee/Director]
- Reggie Gilyard (Board Member) [Trustee/Director]
- Eric Johnson (Board Member) [Trustee/Director]
- Eric Sussman (Board Member) [Trustee/Director]
- Eli Kennedy (Board Member) [Trustee/Director]
- Alex Busch (Board Member) [Trustee/Director]
Official website here: www.pacificcharter.org
Where can I find the form 990 for Pacific Charter School Development?
The Pacific Charter School Development’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.pacificcharter.org
Learn more at the official website: www.pacificcharter.org
Mission Statement of Pacific Charter School Development
Pacific Charter School Development (PCSD) is a non-profit real estate development organization that provides low-cost facilities to high-performing charter schools in under-resourced communities. With a mission to dismantle systemic inequality in education, PCSD helps expand educational opportunities for students by partnering with top-notch charter school operators.
PCSD's work accelerates the pace of urban school reform by creating sustainable, academically-friendly charter school campuses at a fraction of the cost compared to traditional public school systems. To date, PCSD has completed nearly $1 billion worth of projects, serving 46,703 students across various school districts and municipalities. An impressive 75% or more of the students at each PCSD campus receive free or reduced-price meals through the federal National School Lunch Program.
PCSD's development process helps charter schools overcome significant barriers in finding, financing, entitling, building, and securing facilities. With a below-market development fee and below-market rent as a landlord, PCSD offers long-term financial support to each charter school tenant. This assistance enables charter schools to acquire real assets and long-term balance sheet stability while PCSD recycles committed equity to generate additional charter school seats, ensuring that each philanthropic dollar creates a significant impact.
PCSD's partnerships include leading foundations involved in urban education reform, such as The Ahmanson Foundation, The Broad Foundation, The Walton Family Foundation, and The W.M. Keck Foundation. These organizations have provided substantial support to jumpstart PCSD's capital-intensive business model.
Impact
This information is meant to be a general summary of Pacific Charter School Development. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Pacific Charter School Development is making a significant impact in dismantling systemic inequality in education by expanding educational opportunities for students in under-resourced communities. By partnering with high-performing organizations that operate schools serving low-income students, Pacific Charter School Development has completed nearly $1 billion in total projects, creating 115 facilities that serve 46,703 students across multiple school districts and municipalities. This nonprofit developer for public charter school facilities is creating small, academically-friendly, sustainable, and environmentally-responsible charter school campuses at a fraction of the cost incurred by traditional public school systems. Additionally, Pacific Charter School Development is at the forefront of urban school reform, helping schools overcome barriers to finding, financing, building, and securing facilities. Through their efforts, charter schools are provided with real assets, long-term balance sheet stability, and the opportunity for continued growth and success in serving their communities.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT & CONSULTING FEES
Revenue
$1,508,923
RENTAL & MGMT INCOME
Revenue
$1,135,145
INV. GAIN-NOTES RECEIVABLE
Revenue
$145,244
Organization Details
Founding Year
2004
Phone
(213) 542-4700
Principal Officer
John Sun
Main Address
600 WILSHIRE BLVD SUITE 200, LOS ANGELES, CA, 90017
Website
www.pacificcharter.org
NTEE Category
Code: B99 - Education
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