PACIFIC CHARTER SCHOOL DEVELOPMENT

Address
600 WILSHIRE BLVD SUITE 200
LOS ANGELES, CA 90017
Contact
Website: http://www.pacificcharter.org
Phone: +1 (213) 542-4700
Nonprofit
NTEE: B29 - Education
EIN: 20-0696786

Mission

PACIFIC CHARTER SCHOOL DEVELOPMENT IS A NON-PROFIT REAL ESTATE DEVELOPMENT ORGANIZATION PROVIDING LOW-COST FACILITIES TO HIGH-QUALITY CHARTER SCHOOLS.
 20162015201420132012
Basic features of the organization
Year of formation2004
Subsection code03
PF filing required0    
Metropolitan statistical area4472
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$656,844.00$601,019.00$483,371.00$527,327.00$965,167.00
Sum of reportable (W2/1099) compensation$1,270,271.00$1,226,456.00$1,134,812.00$1,039,725.00$887,156.00
Number of employees211916149
Number of people compensated >$100k88876
Number of volunteers    0
Number of highly compensated contractors1315163 
Personnel
11112, Eric
Title    BOARD MEMBER
Name of key/compensated person    ERIC SUSSMAN EFFECTIVE 11112
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    1.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
41112, Paul
Title    BOARD MEMBER
Name of key/compensated person    PAUL HABIBI EFFECTIVE 41112
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    1.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
8112, Kenneth
Title    BOARD MEMBER
Name of key/compensated person    KENNETH ZEFF RESIGNED 8112
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    1.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
8212, Julie
Title    BOARD MEMBER
Name of key/compensated person    JULIE MIKUTA RESIGNED 8212
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    1.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Billings, Rich
TitleBOARD MEMBERBOARD MEMBERBOARD MEMBERBOARD MEMBER 
Name of key/compensated personRICH BILLINGSRICH BILLINGSRICH BILLINGSRICH BILLINGS 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org1.001.001.001.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Dabby, Nadya
Title    BOARD MEMBER
Name of key/compensated person    NADYA CHINOY DABBY
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    1.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Fang, Hope
TitleSR. PROJECTSR. PROJECTSR. PROJECTSR. PROJECT 
Name of key/compensated personHOPE FANGHOPE FANGHOPE FANGHOPE FANG 
Position of compensated person
Average hours per week working for org40.0040.0040.0040.00 
Reportable compensation from org$142,035.00$134,280.00$107,906.00$102,686.00 
Other comp, non-reportable, from org and related orgs$21,639.00$23,849.00$22,888.00$5,614.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Gilyard, Reggie
TitleBOARD MEMBERBOARD MEMBERBOARD MEMBERBOARD MEMBERBOARD MEMBER
Name of key/compensated personREGGIE GILYARDREGGIE GILYARDREGGIE GILYARDREGGIE GILYARDREGGIE GILYARD
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Greenberg, Brian
TitleBOARD MEMBER    
Name of key/compensated personBRIAN GREENBERG    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Habibi, Paul
TitleBOARD MEMBERBOARD MEMBERBOARD MEMBERBOARD MEMBER 
Name of key/compensated personPAUL HABIBIPAUL HABIBIPAUL HABIBIPAUL HABIBI 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org1.001.001.001.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Hadden, Megan
Title    SR PROJECT MANAGER
Name of key/compensated person    MEGAN HADDEN
Position of compensated person
Average hours per week working for org    40.00
Reportable compensation from org    $100,020.00
Other comp, non-reportable, from org and related orgs    $18,185.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Hall, Kevin
Title    BOARD MEMBER
Name of key/compensated person    KEVIN HALL
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    1.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Heugas, James
TitleSR. PROJECTSR. PROJECTSR. PROJECTSR. PROJECT 
Name of key/compensated personJAMES HEUGASJAMES HEUGASJAMES HEUGASJAMES HEUGAS 
Position of compensated person
Average hours per week working for org40.0040.0040.0040.00 
Reportable compensation from org$147,597.00$142,413.00$135,819.00$122,521.00 
Other comp, non-reportable, from org and related orgs$21,962.00$23,257.00$18,803.00$17,771.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Hirsh, Mary
TitleCHIEF OPERATCHIEF OPERATCHIEF OPERATSR. PROJECTVP OF DEVELOPMENT
Name of key/compensated personMARY KATE HIRSHMARY KATE HIRSHMARY KATE HIRSHMARY KATE HIRSHMARY KATE HIRSH
Position of compensated person
Average hours per week working for org40.0040.0038.0040.0040.00
Reportable compensation from org$178,787.00$164,403.00$137,766.00$155,315.00$141,300.00
Other comp, non-reportable, from org and related orgs$23,441.00$24,652.00$5,611.00$9,942.00$5,750.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Johnson, Eric
TitleBOARD MEMBERBOARD MEMBERBOARD MEMBERBOARD MEMBER 
Name of key/compensated personERIC JOHNSONERIC JOHNSONERIC JOHNSONERIC JOHNSON 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org1.001.001.001.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Kennedy, Eli
TitleDIRECTORDIRECTORFMR. CHIEF EPRESIDENT/CEPRES/CHIEF EXECUTIVE OFFICER
Name of key/compensated personELI KENNEDYELI KENNEDYELI KENNEDYELI KENNEDYELI KENNEDY
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.0038.0040.0040.00
Reportable compensation from org$0.00$0.00$104,305.00$186,485.00$202,800.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$4,204.00$6,020.00$6,566.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Lima, Claudia
Title VICE PRESIDE   
Name of key/compensated person CLAUDIA LIMA   
Position of compensated person
Average hours per week working for org 39.00   
Reportable compensation from org $148,652.00   
Other comp, non-reportable, from org and related orgs $28,084.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Lin, Tina
TitlePROJECT MANAPROJECT MANA   
Name of key/compensated personTINA LINTINA LIN   
Position of compensated person
Average hours per week working for org40.0040.00   
Reportable compensation from org$122,470.00$114,199.00   
Other comp, non-reportable, from org and related orgs$9,157.00$9,979.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
McGinity, Gregory
TitleBOARD MEMBER    
Name of key/compensated personGREGORY MCGINITY    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Ontiveros, Patrick
TitleGENERAL COUNGENERAL COUNGENERAL COUNGENERAL COUNGENERAL COUNSEL/SENIOR PROJ. MGR.
Name of key/compensated personPATRICK A ONTIVEROSPATRICK A ONTIVEROSPATRICK A ONTIVEROSPATRICK A ONTIVEROSPATRICK A ONTIVEROS
Position of compensated person
Average hours per week working for org38.0038.0038.0040.0040.00
Reportable compensation from org$155,066.00$148,690.00$145,467.00$131,876.00$130,636.00
Other comp, non-reportable, from org and related orgs$6,341.00$6,047.00$5,918.00$4,348.00$13,515.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Phillips, Lindsay
Title  SR. PROJECT  
Name of key/compensated person  LINDSAY PHILLIPS  
Position of compensated person
Average hours per week working for org  40.00  
Reportable compensation from org  $126,060.00  
Other comp, non-reportable, from org and related orgs  $9,952.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Pontzer, Abigail
TitleDIRECTOR OF    
Name of key/compensated personABIGAIL PONTZER    
Position of compensated person
Average hours per week working for org40.00    
Reportable compensation from org$121,510.00    
Other comp, non-reportable, from org and related orgs$4,583.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Sun, John
TitleCHIEF EXECUTCHIEF EXECUTCHIEF EXECUTCHIEF OPERATCHIEF OPERATING OFFICER
Name of key/compensated personJOHN SUNJOHN SUNJOHN SUNJOHN SUNJOHN SUN
Position of compensated person
Average hours per week working for org38.0038.0038.0040.0040.00
Reportable compensation from org$241,676.00$196,063.00$208,014.00$180,395.00$171,000.00
Other comp, non-reportable, from org and related orgs$29,689.00$26,861.00$25,893.00$22,269.00$21,976.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Sussman, Eric
TitleBOARD MEMBERBOARD MEMBERBOARD MEMBERBOARD MEMBER 
Name of key/compensated personERIC SUSSMANERIC SUSSMANERIC SUSSMANERIC SUSSMAN 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org1.001.001.001.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Thomas, Scott
TitleCHIEF FINANCCHIEF FINANCCHIEF FINANCCHIEF FINANCCHIEF FINANCIAL OFFICER
Name of key/compensated personSCOTT THOMASSCOTT THOMASSCOTT THOMASSCOTT THOMASSCOTT THOMAS
Position of compensated person
Average hours per week working for org39.0039.0039.0040.0040.00
Reportable compensation from org$161,130.00$177,756.00$169,475.00$160,447.00$141,400.00
Other comp, non-reportable, from org and related orgs$22,121.00$27,483.00$25,784.00$15,328.00$12,018.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Turner, K
Title    BOARD MEMBER
Name of key/compensated person    K ROBERT TURNER
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    1.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO SUPPORT AND FACILITATE THE DEVELOPMENT OF CHARTER SCHOOL FACILITIES.TO SUPPORT AND FACILITATE THE DEVELOPMENT OF CHARTER SCHOOL FACILITIES.PACIFIC CHARTER SCHOOL DEVELOPMENT IS A NON-PROFIT REAL ESTATE DEVELOPMENT ORGANIZATION PROVIDING LOW-COST FACILITIES TO HIGH-QUALITY CHARTER SCHOOLS.PACIFIC CHARTER SCHOOL DEVELOPMENT IS A NON-PROFIT REAL ESTATE DEVELOPMENT ORGANIZATION PROVIDING LOW-COST FACILITIES TO HIGH-QUALITY CHARTER SCHOOLS.TO SUPPORT AND FACILITATE THE DEVELOPMENT OF CHARTER SCHOOL FACILITIES.
Program service expenses, total$4,886,749.00$4,467,942.00$7,236,205.00$4,473,987.00$4,002,965.00
Programs, including revenue & expenses
PACIFIC CHARTER SCHOOL DEVELOPMENT (PCSD) IS ACCELERATING THE PACE OF URBAN SCHOOL REFORM AS A NON-PROFIT DEVELOPER FOR PUBLIC CHARTER SCHOOL FACILITIES. BY PARTNERING WITH SOME OF THE NATION'S HIGHEST PERFORMING ORGANIZATIONS THAT OPERATE SCHOOLS SERVING LOW-INCOME STUDENTS, WE ARE HELPING THESE GROUPS EXPAND AND SERVE MORE FAMILIES. WE CREATE SMALL, ACADEMICALLY-FRIENDLY, SUSTAINABLE AND ENVIRONMENTALLY-RESPONSIBLE CHARTER SCHOOL CAMPUSES AT A FRACTION OF THE "COST-PER-SEAT" INCURRED BY TRADITIONAL PUBLIC SCHOOL SYSTEMS. IN OUR FIRST TWELVE YEARS OF SCHOOL OPENINGS, PCSD HAS SERVED 60 SCHOOLS ON 49 CAMPUSES, DEVELOPING 26,155 STUDENT SEATS. AT EACH PCSD CAMPUS EXCEPT ONE, AT LEAST 75% OF THE STUDENTS RECEIVE FREE OR REDUCED-PRICE MEALS THROUGH THE FEDERAL NATIONAL SCHOOL LUNCH PROGRAM. PCSD BUILDS PUBLIC CHARTER SCHOOLS THAT PROVIDE SMALLER, MORE CUSTOMIZED LEARNING ENVIRONMENTS THAT ARE YIELDING SUPERIOR ACADEMIC RESULTS. CHARTER SCHOOLS ARE FREE PUBLIC SCHOOLS. ADMISSION IS OPEN TO ALL AND DETERMINED BY AN UNBIASED LOTTERY OF THE APPLICANTS TO THE SCHOOL. THE DEMAND FOR CHARTER SCHOOLS CONTINUES TO GROW AS MORE PARENTS BECOME AWARE OF THIS OPPORTUNITY FOR THEIR CHILDREN. PCSD IS AT THE FOREFRONT OF MAKING THIS TRANSFORMATIVE CHANGE IN K-12 PUBLIC EDUCATION. VIA THE PROJECT DEVELOPMENT PROCESS, PCSD HELPS SCHOOLS OVERCOME TREMENDOUS BARRIERS TO FIND, FINANCE, ENTITLE, BUILD AND SECURE FACILITIES. PCSD'S DEVELOPMENT FEE, AT 5% OF PROJECT COST, IS BELOW MARKET. AS A LANDLORD, PCSD CHARGES A BELOW-MARKET RENT. WHEN EACH CHARTER SCHOOL TENANT REACHES A STATE OF MATURITY DEFINED BY METRICS INVOLVING ACADEMIC AND FINANCIAL PERFORMANCE AND COMMUNITY SUPPORT, PCSD WORKS WITH EACH SCHOOL'S LEADERSHIP TEAM TO SECURE LONG-TERM FINANCING TO SUPPORT THE PURCHASE OF THEIR CAMPUSES AT COST FROM PCSD. IN DOING SO, CHARTER SCHOOLS ACQUIRE REAL ASSETS AND LONG-TERM BALANCE SHEET STABILITY WHILE PCSD RECYCLES COMMITTED EQUITY SO EACH PHILANTHROPIC DOLLAR GENERATES ADDITIONAL CHARTER SCHOOL SEATS MANY TIMES OVER. PCSD'S PARTNERS CONTINUE TO INCLUDE SOME OF THE LEADING FOUNDATIONS INVOLVED IN URBAN EDUCATION REFORM: THE AHMANSON FOUNDATION, BROAD FOUNDATION, WALTON FAMILY FOUNDATION AND WEINGART FOUNDATION. THESE ORGANIZATIONS HAVE BEEN ABLE TO SEED THE ACTIVITIES OF PCSD WITH LARGE ENOUGH SUPPORT TO JUMPSTART PCSD'S CAPITAL INTENSIVE BUSINESS MODEL.
Program expenses$4,886,749.00$4,467,942.00$7,236,205.00$4,473,987.00$4,002,965.00
Grants and allocations made $250,953.00$3,248,251.00  
Program revenue$4,313,996.00$3,646,298.00$3,120,507.00$5,067,632.00$5,294,616.00
Program descriptionPACIFIC CHARTER SCHOOL DEVELOPMENT (PCSD) IS ACCELERATING THE PACE OF URBAN SCHOOL REFORM AS A NON-PROFIT DEVELOPER FOR PUBLIC CHARTER SCHOOL FACILITIES. BY PARTNERING WITH SOME OF THE NATION'S HIGHEST PERFORMING ORGANIZATIONS THAT OPERATE SCHOOLS SERVING LOW-INCOME STUDENTS, WE ARE HELPING THESE GROUPS EXPAND AND SERVE MORE FAMILIES. WE CREATE SMALL, ACADEMICALLY-FRIENDLY, SUSTAINABLE AND ENVIRONMENTALLY-RESPONSIBLE CHARTER SCHOOL CAMPUSES AT A FRACTION OF THE "COST-PER-SEAT" INCURRED BY TRADITIONAL PUBLIC SCHOOL SYSTEMS. IN OUR FIRST TWELVE YEARS OF SCHOOL OPENINGS, PCSD HAS SERVED 60 SCHOOLS ON 49 CAMPUSES, DEVELOPING 26,155 STUDENT SEATS. AT EACH PCSD CAMPUS EXCEPT ONE, AT LEAST 75% OF THE STUDENTS RECEIVE FREE OR REDUCED-PRICE MEALS THROUGH THE FEDERAL NATIONAL SCHOOL LUNCH PROGRAM. PCSD BUILDS PUBLIC CHARTER SCHOOLS THAT PROVIDE SMALLER, MORE CUSTOMIZED LEARNING ENVIRONMENTS THAT ARE YIELDING SUPERIOR ACADEMIC RESULTS. CHARTER SCHOOLS ARE FREE PUBLIC SCHOOLS. ADMISSION IS OPEN TO ALL AND DETERMINED BY AN UNBIASED LOTTERY OF THE APPLICANTS TO THE SCHOOL. THE DEMAND FOR CHARTER SCHOOLS CONTINUES TO GROW AS MORE PARENTS BECOME AWARE OF THIS OPPORTUNITY FOR THEIR CHILDREN. PCSD IS AT THE FOREFRONT OF MAKING THIS TRANSFORMATIVE CHANGE IN K-12 PUBLIC EDUCATION. VIA THE PROJECT DEVELOPMENT PROCESS, PCSD HELPS SCHOOLS OVERCOME TREMENDOUS BARRIERS TO FIND, FINANCE, ENTITLE, BUILD AND SECURE FACILITIES. PCSD'S DEVELOPMENT FEE, AT 5% OF PROJECT COST, IS BELOW MARKET. AS A LANDLORD, PCSD CHARGES A BELOW-MARKET RENT. WHEN EACH CHARTER SCHOOL TENANT REACHES A STATE OF MATURITY DEFINED BY METRICS INVOLVING ACADEMIC AND FINANCIAL PERFORMANCE AND COMMUNITY SUPPORT, PCSD WORKS WITH EACH SCHOOL'S LEADERSHIP TEAM TO SECURE LONG-TERM FINANCING TO SUPPORT THE PURCHASE OF THEIR CAMPUSES AT COST FROM PCSD. IN DOING SO, CHARTER SCHOOLS ACQUIRE REAL ASSETS AND LONG-TERM BALANCE SHEET STABILITY WHILE PCSD RECYCLES COMMITTED EQUITY SO EACH PHILANTHROPIC DOLLAR GENERATES ADDITIONAL CHARTER SCHOOL SEATS MANY TIMES OVER. PCSD'S PARTNERS CONTINUE TO INCLUDE SOME OF THE LEADING FOUNDATIONS INVOLVED IN URBAN EDUCATION REFORM: THE AHMANSON FOUNDATION, BROAD FOUNDATION, WALTON FAMILY FOUNDATION AND WEINGART FOUNDATION. THESE ORGANIZATIONS HAVE BEEN ABLE TO SEED THE ACTIVITIES OF PCSD WITH LARGE ENOUGH SUPPORT TO JUMPSTART PCSD'S CAPITAL INTENSIVE BUSINESS MODEL.PACIFIC CHARTER SCHOOL DEVELOPMENT (PCSD) IS ACCELERATING THE PACE OF URBAN SCHOOL REFORM AS A NON-PROFIT DEVELOPER FOR PUBLIC CHARTER SCHOOL FACILITIES. BY PARTNERING WITH SOME OF THE NATION'S HIGHEST PERFORMING ORGANIZATIONS THAT OPERATE SCHOOLS SERVING LOW-INCOME STUDENTS, WE ARE HELPING THESE GROUPS EXPAND AND SERVE MORE FAMILIES. WE CREATE SMALL, ACADEMICALLY-FRIENDLY, SUSTAINABLE AND ENVIRONMENTALLY-RESPONSIBLE CHARTER SCHOOL CAMPUSES AT A FRACTION OF THE "COST-PER-SEAT" INCURRED BY TRADITIONAL PUBLIC SCHOOL SYSTEMS. IN OUR FIRST ELEVEN YEARS OF SCHOOL OPENINGS, PCSD HAS SERVED 60 SCHOOLS ON 49 CAMPUSES, DEVELOPING 24,582 STUDENT SEATS. AT EACH PCSD CAMPUS EXCEPT ONE, AT LEAST 75% OF THE STUDENTS RECEIVE FREE OR REDUCED-PRICE MEALS THROUGH THE FEDERAL NATIONAL SCHOOL LUNCH PROGRAM. PCSD BUILDS PUBLIC CHARTER SCHOOLS THAT PROVIDE SMALLER, MORE CUSTOMIZED LEARNING ENVIRONMENTS THAT ARE YIELDING SUPERIOR ACADEMIC RESULTS. CHARTER SCHOOLS ARE FREE PUBLIC SCHOOLS. ADMISSION IS OPEN TO ALL AND DETERMINED BY AN UNBIASED LOTTERY OF THE APPLICANTS TO THE SCHOOL. THE DEMAND FOR CHARTER SCHOOLS CONTINUES TO GROW AS MORE PARENTS BECOME AWARE OF THIS OPPORTUNITY FOR THEIR CHILDREN. PCSD IS AT THE FOREFRONT OF MAKING THIS TRANSFORMATIVE CHANGE IN K-12 PUBLIC EDUCATION. VIA THE PROJECT DEVELOPMENT PROCESS, PCSD HELPS SCHOOLS OVERCOME TREMENDOUS BARRIERS TO FIND, FINANCE, ENTITLE, BUILD AND SECURE FACILITIES. PCSD'S DEVELOPMENT FEE, AT 5% OF PROJECT COST, IS BELOW MARKET. AS A LANDLORD, PCSD CHARGES A BELOW-MARKET RENT. WHEN EACH CHARTER SCHOOL TENANT REACHES A STATE OF MATURITY DEFINED BY METRICS INVOLVING ACADEMIC AND FINANCIAL PERFORMANCE AND COMMUNITY SUPPORT, PCSD WORKS WITH EACH SCHOOL'S LEADERSHIP TEAM TO SECURE LONG-TERM FINANCING TO SUPPORT THE PURCHASE OF THEIR CAMPUSES AT COST FROM PCSD. IN DOING SO, CHARTER SCHOOLS ACQUIRE REAL ASSETS AND LONG-TERM BALANCE SHEET STABILITY WHILE PCSD RECYCLES COMMITTED EQUITY SO EACH PHILANTHROPIC DOLLAR GENERATES ADDITIONAL CHARTER SCHOOL SEATS MANY TIMES OVER. PCSD'S PARTNERS CONTINUE TO INCLUDE SOME OF THE LEADING FOUNDATIONS INVOLVED IN URBAN EDUCATION REFORM: THE AHMANSON FOUNDATION, BROAD FOUNDATION, WALTON FAMILY FOUNDATION AND WEINGART FOUNDATION. THESE ORGANIZATIONS HAVE BEEN ABLE TO SEED THE ACTIVITIES OF PCSD WITH LARGE ENOUGH SUPPORT TO JUMPSTART PCSD'S CAPITAL INTENSIVE BUSINESS MODEL.PACIFIC CHARTER SCHOOL DEVELOPMENT (PCSD) IS ACCELERATING THE PACE OF URBAN SCHOOL REFORM AS A NON-PROFIT DEVELOPER FOR PUBLIC CHARTER SCHOOL FACILITIES. BY PARTNERING WITH SOME OF THE NATION'S HIGHEST PERFORMING ORGANIZATIONS THAT OPERATE SCHOOLS SERVING LOW-INCOME STUDENTS, WE ARE HELPING THESE GROUPS EXPAND AND SERVE MORE FAMILIES. WE CREATE SMALL, ACADEMICALLY-FRIENDLY, SUSTAINABLE AND ENVIRONMENTALLY-RESPONSIBLE CHARTER SCHOOL CAMPUSES AT A FRACTION OF THE "COST-PER-SEAT" INCURRED BY TRADITIONAL PUBLIC SCHOOL SYSTEMS. IN OUR FIRST TEN YEARS OF SCHOOL OPENINGS, PCSD HAS SERVED 52 SCHOOLS ON 40 CAMPUSES, DEVELOPING 20,580 STUDENT SEATS. AT EACH PCSD CAMPUS EXCEPT ONE, AT LEAST 75% OF THE STUDENTS RECEIVE FREE OR REDUCED-PRICE MEALS THROUGH THE FEDERAL NATIONAL SCHOOL LUNCH PROGRAM. PCSD BUILDS PUBLIC CHARTER SCHOOLS THAT PROVIDE SMALLER, MORE CUSTOMIZED LEARNING ENVIRONMENTS THAT ARE YIELDING SUPERIOR ACADEMIC RESULTS. CHARTER SCHOOLS ARE FREE PUBLIC SCHOOLS. ADMISSION IS OPEN TO ALL AND DETERMINED BY AN UNBIASED LOTTERY OF THE APPLICANTS TO THE SCHOOL. THE DEMAND FOR CHARTER SCHOOLS CONTINUES TO GROW AS MORE PARENTS BECOME AWARE OF THIS OPPORTUNITY FOR THEIR CHILDREN. PCSD IS AT THE FOREFRONT OF MAKING THIS TRANSFORMATIVE CHANGE IN K-12 PUBLIC EDUCATION. VIA THE PROJECT DEVELOPMENT PROCESS, PCSD HELPS SCHOOLS OVERCOME TREMENDOUS BARRIERS TO FIND, FINANCE, ENTITLE, BUILD AND SECURE FACILITIES. PCSD'S DEVELOPMENT FEE, AT 5% OF PROJECT COST, IS BELOW MARKET. AS A LANDLORD, PCSD CHARGES A BELOW-MARKET RENT. WHEN EACH CHARTER SCHOOL TENANT REACHES A STATE OF MATURITY DEFINED BY METRICS INVOLVING ACADEMIC AND FINANCIAL PERFORMANCE AND COMMUNITY SUPPORT, PCSD WORKS WITH EACH SCHOOL'S LEADERSHIP TEAM TO SECURE LONG-TERM FINANCING TO SUPPORT THE PURCHASE OF THEIR CAMPUSES AT COST FROM PCSD. IN DOING SO, CHARTER SCHOOLS ACQUIRE REAL ASSETS AND LONG-TERM BALANCE SHEET STABILITY WHILE PCSD RECYCLES COMMITTED EQUITY SO EACH PHILANTHROPIC DOLLAR GENERATES ADDITIONAL CHARTER SCHOOL SEATS MANY TIMES OVER. PCSD'S PARTNERS CONTINUE TO INCLUDE SOME OF THE LEADING FOUNDATIONS INVOLVED IN URBAN EDUCATION REFORM: THE AHMANSON FOUNDATION, BROAD FOUNDATION, WALTON FAMILY FOUNDATION AND WEINGART FOUNDATION. THESE ORGANIZATIONS HAVE BEEN ABLE TO SEED THE ACTIVITIES OF PCSD WITH LARGE ENOUGH SUPPORT TO JUMPSTART PCSD'S CAPITAL INTENSIVE BUSINESS MODEL.PACIFIC CHARTER SCHOOL DEVELOPMENT (PCSD) IS ACCELERATING THE PACE OF URBAN SCHOOL REFORM AS A NON-PROFIT DEVELOPER FOR PUBLIC CHARTER SCHOOL FACILITIES. BY PARTNERING WITH SOME OF THE NATION'S HIGHEST PERFORMING ORGANIZATIONS THAT OPERATE SCHOOLS SERVING LOW-INCOME STUDENTS, WE ARE HELPING THESE GROUPS EXPAND AND SERVE MORE FAMILIES. WE CREATE SMALL, ACADEMICALLY-FRIENDLY, SUSTAINABLE AND ENVIRONMENTALLY-RESPONSIBLE CHARTER SCHOOL CAMPUSES AT A FRACTION OF THE "COST-PER-SEAT" INCURRED BY TRADITIONAL PUBLIC SCHOOL SYSTEMS. IN OUR FIRST NINE YEARS OF SCHOOL OPENINGS, PCSD HAS SERVED 51 SCHOOLS ON 39 CAMPUSES, SERVING 19,850 STUDENTS. AT EACH PCSD CAMPUS EXCEPT ONE, AT LEAST 75% OF THE STUDENTS RECEIVE FREE OR REDUCED-PRICE MEALS THROUGH THE FEDERAL NATIONAL SCHOOL LUNCH PROGRAM. PCSD BUILDS PUBLIC CHARTER SCHOOLS THAT PROVIDE SMALLER, MORE CUSTOMIZED LEARNING ENVIRONMENTS THAT ARE YIELDING SUPERIOR ACADEMIC RESULTS. CHARTER SCHOOLS ARE FREE PUBLIC SCHOOLS. ADMISSION IS OPEN TO ALL AND DETERMINED BY AN UNBIASED LOTTERY OF THE APPLICANTS TO THE SCHOOL. THE DEMAND FOR CHARTER SCHOOLS CONTINUES TO GROW AS MORE PARENTS BECOME AWARE OF THIS OPPORTUNITY FOR THEIR CHILDREN. PCSD IS AT THE FOREFRONT OF MAKING THIS TRANSFORMATIVE CHANGE IN K-12 PUBLIC EDUCATION. VIA THE PROJECT DEVELOPMENT PROCESS, PCSD HELPS SCHOOLS OVERCOME TREMENDOUS BARRIERS TO FIND, FINANCE, ENTITLE, BUILD AND SECURE FACILITIES. PCSD'S DEVELOPMENT FEE, AT 5% OF PROJECT COST, IS BELOW MARKET. AS A LANDLORD, PCSD CHARGES A BELOW-MARKET RENT. WHEN EACH CHARTER SCHOOL TENANT REACHES A STATE OF MATURITY DEFINED BY METRICS INVOLVING ACADEMIC AND FINANCIAL PERFORMANCE AND COMMUNITY SUPPORT, PCSD WORKS WITH EACH SCHOOL'S LEADERSHIP TEAM TO SECURE LONG-TERM FINANCING TO SUPPORT THE PURCHASE OF THEIR CAMPUSES AT COST FROM PCSD. IN DOING SO, CHARTER SCHOOLS ACQUIRE REAL ASSETS AND LONG-TERM BALANCE SHEET STABILITY WHILE PCSD RECYCLES COMMITTED EQUITY SO EACH PHILANTHROPIC DOLLAR GENERATES ADDITIONAL CHARTER SCHOOL SEATS MANY TIMES OVER. PCSD'S PARTNERS CONTINUE TO INCLUDE SOME OF THE LEADING FOUNDATIONS INVOLVED IN URBAN EDUCATION REFORM: THE AHMANSON FOUNDATION, BROAD FOUNDATION, WALTON FAMILY FOUNDATION AND WEINGART FOUNDATION. THESE ORGANIZATIONS HAVE BEEN ABLE TO SEED THE ACTIVITIES OF PCSD WITH LARGE ENOUGH SUPPORT TO JUMPSTART PCSD'S CAPITAL INTENSIVE BUSINESS MODEL.PACIFIC CHARTER SCHOOL DEVELOPMENT (PCSD) IS ACCELERATING THE PACE OF URBAN SCHOOL REFORM AS A NON-PROFIT DEVELOPER FOR PUBLIC CHARTER SCHOOL FACILITIES. BY PARTNERING WITH SOME OF THE NATION'S HIGHEST PERFORMING ORGANIZATIONS THAT OPERATE SCHOOLS SERVING LOW-INCOME STUDENTS, WE ARE HELPING THESE GROUPS EXPAND AND SERVE MORE FAMILIES. WE CREATE SMALL, ACADEMICALLY-FRIENDLY, SUSTAINABLE AND ENVIRONMENTALLY-RESPONSIBLE CHARTER SCHOOL CAMPUSES AT A FRACTION OF THE "COST-PER-SEAT" INCURRED BY TRADITIONAL PUBLIC SCHOOL SYSTEMS. IN OUR FIRST EIGHT YEARS OF SCHOOL OPENINGS, PCSD HAS CREATED 40 NEW SCHOOLS, SERVING 15,405 STUDENTS. AT EACH PCSD CAMPUS EXCEPT ONE, AT LEAST 75% OF THE STUDENTS AT EACH PCSD CAMPUS RECEIVE FREE OR REDUCED-PRICE MEALS THROUGH THE FEDERAL NATIONAL SCHOOL LUNCH PROGRAM.PCSD BUILDS PUBLIC CHARTER SCHOOLS THAT PROVIDE SMALLER, MORE CUSTOMIZED LEARNING ENVIRONMENTS THAT ARE YIELDING SUPERIOR ACADEMIC RESULTS. CHARTER SCHOOLS ARE FREE PUBLIC SCHOOLS. ADMISSION IS OPEN TO ALL AND DETERMINED BY AN UNBIASED LOTTERY OF THE APPLICANTS TO THE SCHOOL. THE DEMAND FOR CHARTER SCHOOLS CONTINUES TO GROW AS MORE PARENTS BECOME AWARE OF THIS OPPORTUNITY FOR THEIR CHILDREN. PCSD IS AT THE FOREFRONT OF MAKING THIS TRANSFORMATIVE CHANGE IN K-12 PUBLIC EDUCATION.VIA THE PROJECT DEVELOPMENT PROCESS, PCSD HELPS SCHOOLS OVERCOME TREMENDOUS BARRIERS TO FIND, FINANCE, ENTITLE, BUILD AND SECURE FACILITIES. PCSD'S DEVELOPMENT FEE, AT 5% OF PROJECT COST, IS BELOW MARKET. AS A LANDLORD, PCSD CHARGES A BELOW-MARKET RENT. WHEN EACH CHARTER SCHOOL TENANT REACHES A STATE OF MATURITY DEFINED BY METRICS INVOLVING ACADEMIC AND FINANCIAL PERFORMANCE AND COMMUNITY SUPPORT, PCSD WORKS WITH EACH SCHOOL'S LEADERSHIP TEAM TO SECURE LONG-TERM FINANCING TO SUPPORT THE PURCHASE OF THEIR CAMPUSES AT COST FROM PCSD. IN DOING SO, CHARTER SCHOOLS ACQUIRE REAL ASSETS AND LONG-TERM BALANCE SHEET STABILITY WHILE PCSD RECYCLES COMMITTED EQUITY SO EACH PHILANTHROPIC DOLLAR GENERATES ADDITIONAL CHARTER SCHOOL SEATS MANY TIMES OVER.PCSD'S PARTNERS CONTINUE TO INCLUDE SOME OF THE LEADING FOUNDATIONS INVOLVED IN URBAN EDUCATION REFORM: THE AHMANSON FOUNDATION, BROAD FOUNDATION, WALTON FAMILY FOUNDATION AND WEINGART FOUNDATION. THESE ORGANIZATIONS HAVE BEEN ABLE TO SEED THE ACTIVITIES OF PCSD WITH LARGE ENOUGH SUPPORT TO JUMPSTART PCSD'S CAPITAL INTENSIVE BUSINESS MODEL.
Financial data
Revenue
Total revenue$10,752,999.00$14,399,494.00$7,558,183.00$6,193,752.00$5,673,423.00
Revenue from contributions (total)$10,303,133.00$10,713,086.00$4,124,433.00$1,078,182.00$355,510.00
Investment income, current yr-$3,719,219.00$40,110.00$33,233.00$571,738.00$1,381,763.00
Total revenue from grants, etc., current yr$10,303,133.00$10,713,086.00$4,124,433.00$1,078,182.00$355,510.00
Total unrelated business revenue-$76,401.00$0.00$0.00$0.00$0.00
Other revenue, current yr$41,201.00$162,106.00$280,010.00$10,973.00$8,692.00
Net unrelated business taxable revenue-$44,341.00   $0.00
Program service revenue (total)$4,127,884.00$3,484,192.00$3,120,507.00$4,532,859.00$3,927,458.00
Gross receipts$20,376,212.00$15,400,744.00$7,558,183.00$30,878,786.00$20,567,815.00
Sources of contributions
Revenue from all other contributions$10,303,133.00$10,713,086.00$4,124,433.00$1,078,182.00$355,510.00
Other types of revenue
Miscellaneous revenue (total)$117,602.00$162,106.00$280,010.00$10,973.00$8,692.00
Income from dividends, interest, and similar investments$53,948.00$58,040.00$33,233.00$36,965.00$14,605.00
Net rental income-$76,401.00$0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$5,728,828.00$5,256,586.00$7,990,776.00$5,054,910.00$4,561,477.00
Total functional expenses: program service $4,886,749.00$4,467,942.00$7,236,205.00$4,473,987.00$4,002,965.00
Total functional expenses: management and general$689,206.00$656,194.00$637,484.00$484,858.00$469,198.00
Total functional expenses: fundraising$152,873.00$132,450.00$117,087.00$96,065.00$89,314.00
Fees for services
Lobbying fees (total)   $10,000.00 
Legal fees (total)$20,230.00$32,841.00$35,645.00$29,401.00$51,493.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$80,326,033.00$62,320,087.00$55,927,416.00$56,986,674.00$57,639,268.00
Total assets, beginning of year$62,320,087.00$55,927,416.00$56,986,674.00$57,639,268.00$58,951,301.00
Total liabilities$51,980,725.00$38,998,950.00$42,099,649.00$42,726,314.00$44,552,127.00
Total liabilities, beginning of year$38,998,950.00$42,099,649.00$42,726,314.00$44,552,127.00$46,976,106.00
Pledges & accounts receivable, net$2,500,000.00$6,133,747.00$1,433,747.00$220,000.00$140,000.00
Unrestricted net assets, end of yr$23,903,055.00$18,869,102.00$12,131,076.00$13,508,438.00$12,797,094.00
Temporarily restricted net assets$4,442,253.00$4,452,035.00$1,696,691.00$751,922.00$290,047.00
Net assets$28,345,308.00$23,321,137.00$13,827,767.00$14,260,360.00$13,087,141.00
Net assets, beginning of year$23,321,137.00$13,827,767.00$14,260,360.00$13,087,141.00$11,975,195.00
Other liabilities$5,349,142.00$467,625.00$658,766.00$648,660.00$248,609.00
Other assets$361,342.00$265,317.00$300,452.00$550,387.00$0.00
Cash: non-interest bearing$12,272,779.00$1,582,608.00$905,851.00$1,393,779.00$4,993,071.00
Cash: non-interest bearing, beginning of year$1,582,608.00$905,851.00$1,393,779.00$4,993,071.00$14,178,386.00
Other financial variables
Revenue less expenses$5,024,171.00$9,142,908.00-$432,593.00$1,138,842.00$1,111,946.00
Savings & temp cash investment$22,905,253.00$24,701,684.00$13,727,399.00$20,232,909.00$9,326,160.00
Accounts receivable, net$351,847.00$216,672.00$800,933.00$371,323.00$408,187.00
Prepaid expenses & deferred charges$1,137,245.00$588,211.00$41,734.00$446,757.00$18,895.00
Accounts payable & accrued expenses$1,074,911.00$293,102.00$525,507.00$254,031.00$1,608,285.00
Unsecured notes & loans to unrelated parties$29,330,000.00$25,831,250.00$24,400,000.00$25,150,000.00$23,150,000.00
Secured mortgages and notes payable$16,226,672.00$12,406,973.00$16,515,376.00$16,673,623.00$19,545,233.00
Total net assets or fund balances$28,345,308.00$23,321,137.00$13,827,767.00$14,260,360.00$13,087,141.00
Depreciation, depletion, amortization$463,154.00$530,619.00$636,534.00$819,519.00$901,347.00
Governance and accountability
Number of voting members86667
Number of independent voting members86556
Financial sheets auditedTrueTrueTrueTrueTrue
Audit on consolidated basisTrueTrueTrue  
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Indicators for schedules (selected)
Business transaction with entity owner TrueTrueTrueTrue
Lobbied   True 
Grants to domestic org/gov't >$5k TrueTrue  
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Reason for form submission
Address changeTrue   True
Date e-filing submitted2017-12-272016-12-132015-10-052014-10-212013-12-10
IRS schema version2016v3.02015v2.12014v5.02013v3.12012v2.1
Filing identifier201733079349300938201602219349302215201542269349304499201431679349300343201302269349304110
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