Nonprofit · EIN 06-1629227
DISCOVERY CHARTER PREP SCHOOL
Tax-exempt · SYLMAR, CA 91342
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,487,727 | $4,171,403 | $316,324 | $8,722,101 | $7,220,778 | $1,501,323 |
| June 30, 2024 | 990 | $4,360,279 | $4,520,675 | -$160,396 | $8,346,458 | $7,161,459 | $1,184,999 |
| June 30, 2023 | 990 | $3,933,389 | $4,316,477 | -$383,088 | $9,014,041 | $7,668,646 | $1,345,395 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,545,911
- of which government grants
- $3,513,741
- Program service revenue
- $0
- Investment income
- $165,006
- Other revenue
- $776,810
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $111,110
- Other salaries and wages
- $1,480,280
- Salaries, compensation and benefits (total)
- $1,959,794
- Professional fundraising fees
- $0
- Occupancy
- $831,740
- Depreciation
- $24,396
- Program services (functional)
- $3,881,192
- Management and general (functional)
- $290,117
- Fundraising (functional)
- $94
Balance sheet and other
- Total assets, start of year
- $8,346,458
- Total assets, end of year
- $8,722,101
- Total liabilities, end of year
- $7,220,778
- Net assets, end of year
- $1,501,323
- Land, buildings and equipment
- $323,008
- Net assets without donor restrictions
- $1,501,323
- Gross receipts
- $4,487,727
- Employees
- 30
- Volunteers
- 5
- Year formed
- 2003
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANTONIO SANCHEZ | DEAN OF DISC Highest-paid employee | 40 | $122,011 | $1,655 |
| DR KAREN SMITH | PRINCIPAL Officer | 40 | $107,342 | $3,768 |
| JULIAN ALMARAZ | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| GERALD KLEINMAN | VICE PRESIDE Trustee or director, Officer | 2 | $0 | $0 |
| CESAR LOPEZ | MEMBER Trustee or director | 2 | $0 | $0 |
| YEMI ROBINSON | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| GUSTAVO VALDIVIA | MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR KAREN SMITH | PRINCIPAL Officer | 40 | $124,257 | $12,927 |
| JULIAN ALMARAZ | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| GERALD KLEINMAN | MEMBER Trustee or director | 2 | $0 | $0 |
| ESTELLA MIRANDA | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| YEMI ROBINSON | MEMBER Trustee or director | 2 | $0 | $0 |
| GUSTAVO VALDIVIA | MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KAREN SMITH | PRINCIPAL Officer | 40 | $124,258 | $12,927 |
| ESTELLA MIRANDA AS OF 1121 | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| DR MONTY PEREZ RESIGNED 422 | MEMBER Trustee or director | 2 | $0 | $0 |
| ALICIA SANTANA AS OF 522 | MEMBER Trustee or director | 2 | $0 | $0 |
| NICOLE ALBO-LOPEZ | MEMBER Trustee or director | 2 | $0 | $0 |
| JULIAN ALMARAZ | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| GERALD KLEIMAN | MEMBER Trustee or director | 2 | $0 | $0 |
| YEMI ROBINSON | MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 13570 ELDRIDGE AVE, SYLMAR, CA 91342-2343
- In care of
- % SHERYL SCHUBERT
- Principal officer (990 for 2024)
- DR KAREN SMITH
- Signed the 990
- DR KAREN SMITH, PRINCIPAL
- Phone
- (818) 897-1044
- Website
- WWW.DISCOVERYPREP.ORG
- Return prepared by
- SILVA & SILVA CPAS
California records
California keeps its own records of charities and corporations. Search them by EIN 06-1629227 or by the name DISCOVERY CHARTER PREP SCHOOL.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO PROVIDE ITS STUDENTS WITH THE NECESSARY SKILLS AND SUPPORT SO THAT EVERY STUDENT IS PREPARED TO ATTEND COLLEGE UPON GRADUATION FROM HIGH SCHOOL.
Program accomplishments
- A CHARTER SCHOOL PROVIDING EDUCATIONAL OPPORTUNITIES TO THE SURROUNDING COMMUNITY. DURING THE YEAR THE SCHOOL SERVED ABOUT 186 STUDENTS.Expenses $3,881,192
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 06-1629227
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $8,722,101
- Income (IRS master file)
- $4,487,727
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,487,727 | $4,171,403 | $8,722,101 | XML |
| 990 | June 2024 | $4,360,279 | $4,520,675 | $8,346,458 | XML |
| 990 | June 2023 | $3,933,389 | $4,316,477 | $9,014,041 | IRS |
| 990 | June 2022 | $3,089,555 | $4,005,489 | $2,739,521 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-1629227).
Questions about DISCOVERY CHARTER PREP SCHOOL
- What is the EIN of DISCOVERY CHARTER PREP SCHOOL?
- The employer identification number (EIN) of DISCOVERY CHARTER PREP SCHOOL is 06-1629227.
- Is DISCOVERY CHARTER PREP SCHOOL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to DISCOVERY CHARTER PREP SCHOOL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DISCOVERY CHARTER PREP SCHOOL file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DISCOVERY CHARTER PREP SCHOOL due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DISCOVERY CHARTER PREP SCHOOL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of DISCOVERY CHARTER PREP SCHOOL?
- The 990 for the year ended June 30, 2025 names DR KAREN SMITH.
- Who are the officers and directors of DISCOVERY CHARTER PREP SCHOOL?
- The 990 for the year ended June 30, 2025 lists 7 people; 2 received compensation from the organization, the highest $122,011 (ANTONIO SANCHEZ, DEAN OF DISC).
- How much revenue does DISCOVERY CHARTER PREP SCHOOL have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,487,727, expenses of $4,171,403 and total assets of $8,722,101 at year end.
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