2024-05-13T20:31:55-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2022-07-01 831619714 ISSAC ORG INC ISSA 9494414500 44 EL CENCERRO RANCHO SANTA MARGARITA CA 92688 PADMINI SRINIVASAN EXECUTIVE DIRECTOR 9494414500 2024-05-13 1 PADMINI SRINIVASAN 999009999 0 DERRICK DEBRUYNE P00591016 6268577300 2024-05-10 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z ISSAC CHARTER SCHOOL PADMINI SRINIVASAN 44 EL CENCERRO RANCHO SANTA MARGARITA CA 92688 2739566 0 X ISSACCHARTER.ORG X 2018 CA TO PURSUE STREAM, TRILINGUALISM AND SOCIAL EMOTIONAL LEARNING 4 4 49 25 0 0 2167014 2735969 0 0 207 1223 991 2374 2168212 2739566 0 0 0 0 1082632 969627 0 0 0 895790 859755 1978422 1829382 189790 910184 771739 1647548 499601 555920 272138 1091628 TO DEVELOP STUDENTS AS SELF-MOTIVATED, CONFIDENT, COMPETENT, LIFELONG LEARNERS TO SOLVE PROBLEMS, INNOVATE IDEAS AND PARTICIPATE IN A DIVERSE, GLOBAL SOCIETY. 0 0 1247892 PROVIDED A BALANCED APPROACH TO MODERN EDUCATION TO ENSURE THAT STUDENTS EXCEL IN ACADEMICS, LANGUAGE, CULTURAL EXCHANGE, SELF-DEVELOPMENT AND COMMUNITY BUILDING. PROVIDED A TUITION-FREE CHOICE FOR CHILDREN TO LEARN, ACHIEVE AND BE SUPPORTED AS FUTURE LEADERS IN SOCIETY. THE SCHOOL SERVED APPROXIMATELY 126 STUDENTS IN 2022-2023. 1247892 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 49 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 1 0 0 CA X PADMINI SRINIVASAN 9494414500 1770 TUSTIN AVE COSTA MESA CA 92627 JAD ALLAM PRESIDENT 2.00 X X 0 0 0 EMILY MAEKUBO TREASURER 1.00 X X 0 0 0 CARMEN BASU SECRETARY 1.00 X X 0 0 0 KIM HOPKO MEMBER 1.00 X X 0 0 0 PADMINI SRINIVASAN EXECUTIVE DIRECTOR 40.00 X 110700 0 0 110700 0 0 1 0 0 0 0 2725269 10700 2735969 1223 1223 OTHER REVENUE 611110 2374 2374 2374 2739566 0 0 3597 X 113400 56700 56700 719048 662573 56475 78133 75391 2742 59046 50388 8658 14568 14568 32919 32919 19002 19002 256980 74961 182019 9927 9927 16578 5511 11067 232057 185645 46412 8 8 759 759 6908 6908 7300 7300 33992 33992 INSTRUCTIONAL MATERIALS 134910 131864 3046 OTHER EXPENSES 53059 4859 48200 BAD DEBT EXPENSE 40788 40788 1829382 1247892 581490 0 230731 541759 46247 82750 429420 951652 200 455 4100 17191 72257 18516 61041 53741 771739 1647548 79579 141022 55191 164280 6000 6000 358831 244618 499601 555920 X 272138 1091628 272138 1091628 771739 1647548 910184 -90694 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 72257 18516 53741 53741 X 2739566 0 2739566 0 2739566 1829382 0 1829382 0 1829382 PART X, LINE 2: THE SCHOOL IS A NONPROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION (IRC) 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE SCHOOL IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THE EXEMPT PURPOSES. THE SCHOOL FILES AN EXEMPT SCHOOL RETURN AND APPLICABLE UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLICIZES ITS POLICY IN ITS REGISTRATION MATERIALS AND DOCUMENTS TO SOLICIT STUDENTS. SCHEDULE E, PART I, LINE 4 NO RECORDS DOCUMENTING THAT SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE ARE MAINTAINED AS THE SCHOOL PROVIDES NO SCHOLARSHIPS OR FINANCIAL ASSISTANCE. SCHEDULE E, PART I, LINE 6 ISSAC CHARTER SCHOOL IS A PUBLIC CHARTER SCHOOL PRINCIPALLY FUNDED BY CALIFORNIA AND FEDERAL MONIES RECEIVED THROUGH THE CALIFORNIA DEPARTMENT OF EDUCATION. PADMINI SRINIVASAN EXECUTIVE DIRECTOR GENERAL SCHOOL USE X 6000 6000 0 1 1 6000 FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT WITH ANY CHANGES OR REVISIONS INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO SUBMITTING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MONITORING IS PERFORMED REGULARLY BY THE OFFICERS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. ANY QUESTION OF A CONFLICT IS ADDRESSED WITH THE INTERESTED PERSON, WHO IS REQUIRED TO DISCLOSE THE EXISTENCE OF ANY FINANCIAL INTEREST AND BE AFFORDED THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND EXECUTIVE DIRECTOR. IF A CONFLICT OF INTEREST IS IDENTIFIED, THE APPROPRIATE ACTION IS TAKEN, INCLUDING LIMITATIONS TO THE INDIVIDUAL'S INFLUENCE ON RELATED BUSINESS MATTERS. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'S PAY IS DETERMINED BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE BOARD MUST VOTE TO APPROVE THE EXECUTIVE DIRECTOR'S COMPENSATION AS A DIRECT ACTION. THE OFFICERS AND KEY EMPLOYEES' PAY IS DETERMINED BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE BOARD MUST VOTE TO APPROVE THE OFFICERS AND KEY EMPLOYEES' COMPENSATION AS A DIRECT ACTION. DECISIONS ARE RECORDED IN THE MINUTES OF THE BOARD MEETING AND IN SEPARATE INSTRUCTIONS TO THE EXECUTIVE DIRECTOR TO IMPLEMENT THE DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL/CONSULTING SERVICES AND OPERATING EXPENDITURES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 66,334. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 66,334. BUSINESS SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 66,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 66,000. EDUCATION CONSULTANTS: PROGRAM SERVICE EXPENSES 11,160. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,160. CONSULTANTS: PROGRAM SERVICE EXPENSES 46,514. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 46,514. PROFESSIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 4,435. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,435. SUBSTITUTE TEACHERS: PROGRAM SERVICE EXPENSES 12,852. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,852. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 49,685. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 49,685. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.