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
What are the reviews and ratings of this charity?
Charity Navigator Rating 85% (Three-Star out of Four Stars )ating)
Pacific Charter School Development has achieved a solid Three-Star rating from Charity Navigator, indicating a generally positive assessment of its performance. The organization excels in accountability and finance, with a high score of 90%. It demonstrates strong practices such as a fully independent board, effective financial oversight, and a high program expense ratio, which reflects its commitment to using funds directly for its programs.
Despite its strengths, there are some areas for improvement. The organization lacks key policies, specifically a whistleblower policy and a document retention policy, which may raise concerns regarding transparency and governance. Additionally, while the liabilities to assets ratio is reasonable, it could suggest some level of financial vulnerability that the organization may need to address.
The Culture & Community score of 77 indicates that while the organization has implemented some equity strategies, there is still potential for growth in fostering a more inclusive environment. Overall, Pacific Charter School Development showcases a strong commitment to educational development with areas identified for enhancement in governance and community engagement.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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):
- Compensation: $312,505
- Related: $0
- Other: $33,380
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $206,492
- Related: $0
- Other: $29,298
- Compensation: $198,606
- Related: $0
- Other: $21,528
- Compensation: $201,742
- Related: $0
- Other: $28,802
- Compensation: $182,489
- Related: $0
- Other: $30,684
- Compensation: $176,065
- Related: $0
- Other: $26,886
- Compensation: $183,080
- Related: $0
- Other: $14,452
- Compensation: $159,457
- Related: $0
- Other: $27,479
Official website here: www.pacificcharter.org
Where can I find the form 990 for Pacific Charter School Development?
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.
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Impact
October, 2024
Pacific Charter School Development (PCSD) significantly impacts education in under-resourced communities by expanding educational opportunities and addressing systemic inequality. By developing quality facilities for public charter schools, PCSD accelerates urban school reform, allowing high-performing organizations to serve more students.
To date, PCSD has completed nearly $1 billion in projects, creating 115 facilities that provide access to education for over 46,700 students, the majority of whom come from low-income backgrounds. These campuses are designed with small, academically-friendly environments that are conducive to superior academic outcomes, thereby enhancing the overall quality of education available to underserved populations.
PCSD's approach involves partnering with top-tier organizations, leveraging various financing sources, and ensuring that the cost per seat for charter school facilities is significantly lower than traditional public school systems. By maintaining a below-market rental structure and offering competitive development fees, PCSD enables schools to focus resources on educational quality rather than facility costs.
The demand for charter schools continues to grow as parents seek better educational options for their children. Each school's admission process is open and fair, promoting diversity and inclusivity in the student body. As these charter schools mature and demonstrate strong academic and financial performance, PCSD assists them in securing long-term financing to own their facilities, providing them with valuable assets and stability.
Overall, PCSD plays a transformative role in K-12 public education, helping close the gap in educational access and quality for students in need while fostering a sustainable model for future growth in the charter school sector.
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.
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.
- Investment Income: $396,198
- Program Service Revenue: $2,789,312
- Gross Receipts: $38,886,785
Assets and Liabilities:
- Total Assets: $75,865,780
- Total Liabilities: $37,320,910
- Net Assets: $38,544,870
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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) 542-4700Principal Officer
John Sun
Main Address
600 WILSHIRE BLVD SUITE 200, LOS ANGELES, CA, 90017
Website
www.pacificcharter.orgNTEE Category
Code: B99 - Education
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