Nonprofit · EIN 95-4487850
THE ACCELERATED SCHOOLS
Tax-exempt · LOS ANGELES, CA 90037
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $42,406,483 | $43,465,321 | -$1,058,838 | $107,555,515 | $19,856,813 | $87,698,702 |
| June 30, 2024 | 990 | $39,390,340 | $41,511,622 | -$2,121,282 | $111,077,721 | $22,303,272 | $88,774,449 |
| June 30, 2023 | 990 | $35,873,317 | $38,094,276 | -$2,220,959 | $112,688,873 | $24,365,221 | $88,323,652 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $39,031,518
- of which government grants
- $38,902,322
- Program service revenue
- $0
- Investment income
- $2,354,736
- Net rental income
- $732,000
- Net gain from sales of assets
- $1,062,270
- Other revenue
- $1,020,229
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $736,511
- Other salaries and wages
- $17,635,983
- Salaries, compensation and benefits (total)
- $23,777,608
- Professional fundraising fees
- $0
- Legal fees
- $450,334
- Accounting fees
- $445,970
- Occupancy
- $2,918,116
- Travel
- $148,475
- Depreciation
- $2,172,002
- Program services (functional)
- $33,688,797
- Management and general (functional)
- $9,776,524
Balance sheet and other
- Total assets, start of year
- $110,070,445
- Total assets, end of year
- $107,555,515
- Total liabilities, end of year
- $19,856,813
- Net assets, end of year
- $87,698,702
- Land, buildings and equipment
- $63,787,674
- Publicly traded securities
- $35,304,424
- Net assets without donor restrictions
- $86,758,119
- Net assets with donor restrictions
- $940,583
- Gross receipts
- $46,548,027
- Employees
- 275
- Volunteers
- 6
- Year formed
- 1999
- 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 |
|---|---|---|---|---|
| CYNTHIA FOLEY | CHIEF HUMAN RESOURCES OFFICER Key employee | 40 | $230,954 | $60,370 |
| DEBBIE KUKTA | CHIEF BUSINESS OFFICER/CFO Officer | 40 | $213,750 | $62,224 |
| ROBERT FRENCH | DIRECTOR OF HUMAN RESOURCES Highest-paid employee | 40 | $179,545 | $56,104 |
| BRIAN JAMES | HEAD OF COLLEGE & CAREER READINESS Key employee | 40 | $180,910 | $53,240 |
| KARIN FIGUEROA | FORMER PRINCIPAL, ACES Former | 40 | $188,659 | $39,836 |
| LENITA LUGO | DIRECTOR, ACCESS/EQUITY/COMPLIANCE Highest-paid employee | 40 | $177,132 | $49,246 |
| FRANCIS READING | DIRECTOR OF ELEMENTARY EDUCATION Highest-paid employee | 40 | $168,970 | $54,084 |
| DAVID TRAN | HEAD OF ACADEMIES & FACULTY AFFAIRS Key employee | 40 | $167,155 | $54,931 |
| LUCY HILARIDES | PRINCIPAL, TAS Highest-paid employee | 40 | $145,880 | $44,121 |
| CARMEN RAMOS | ASSISTANT PRINCIPAL, ACES Highest-paid employee | 40 | $149,616 | $38,507 |
| GRACE LEE-CHANG | FORMER CHIEF EXECUTIVE OFFICER Former | 40 | $137,520 | $32,953 |
| JESSE MELGARES | CHIEF EXECUTIVE OFFICER Officer | 40 | $129,733 | $38,303 |
| LEONARD RABINOWITZ | PRESIDENT Trustee or director, Officer | 6 | $0 | $0 |
| PETER B MORRISON | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| LAWRENCE PICUS | TRUSTEE Trustee or director | 2 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BINTI P YOST | TRUSTEE Trustee or director | 2 | $0 |
| BRITTANY BROOKS | TRUSTEE Trustee or director | 2 | $0 |
| LINDSAY BERZ | TRUSTEE Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN DICKINSON | FORMER CBO/CFO Former | 40 | $239,491 | $62,328 |
| GRACE LEE-CHANG | CHIEF EXECUTIVE OFFICER Officer | 40 | $242,500 | $47,374 |
| CYNTHIA FOLEY | CHIEF HR OFFICER Key employee | 40 | $198,613 | $54,235 |
| KIMBERLY SHEEHAN | DIRECTOR OF OPERATIONS Key employee | 40 | $189,829 | $47,451 |
| FRANCIS READING | DIRECTOR OF ELEMENTARY EDU Key employee | 40 | $169,390 | $54,187 |
| LENITA LUGO | DIRECTOR/SECRETARY Officer | 40 | $159,062 | $46,621 |
| ROBERT FRENCH | DIRECTOR OF HR Highest-paid employee | 40 | $150,822 | $50,948 |
| FELICIA JACKSON | ASSISTANT PRINCIPAL, TAS Key employee | 40 | $162,193 | $38,735 |
| BRIAN JAMES | HEAD OF COLLAGE AND CAREER READINESS Key employee | 40 | $168,580 | $32,030 |
| DEBBIE KUKTA | CHIEF BUSINESS OFFICER/CFO Officer | 40 | $154,052 | $40,847 |
| DAVID TRAN | HEAD OF ACADEMIES & FACULTY AFFAIRS Highest-paid employee | 40 | $142,945 | $50,656 |
| CARMEN RAMOS | ASSISTANT PRINCIPAL, ACES Highest-paid employee | 40 | $144,602 | $40,588 |
| KARIN FIGUEROA | PRINCIPAL, ACES Highest-paid employee | 40 | $147,418 | $36,324 |
| CARLOS GARCIA | TECHNOLOGY DIRECTOR Highest-paid employee | 40 | $147,282 | $35,574 |
| MARIO DE LA CRUZ | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BRITTANY BROOKS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| LINDSAY BERZ | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BINTI P YOST | TRUSTEE Trustee or director | 2 | $0 | $0 |
| LAWRENCE PICUS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PETER B MORRISON | VICE PRESIDENT Trustee or director | 2 | $0 | $0 |
| LEONARD RABINOWITZ | PRESIDENT Trustee or director | 6 | $0 | $0 |
990 for the year ended June 30, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GRACE LEE-CHANG | CHIEF EXECUTIVE OFFICER Officer | 40 | $223,125 | $40,163 |
| KIMBERLY SHEEHAN | DIRECTOR OF OPERATIONS Key employee | 40 | $181,109 | $33,203 |
| LENITA LUGO | DIRECTOR/SECRETARY Officer | 40 | $177,370 | $34,147 |
| FRANCIS READING | DIRECTOR OF ELEMENTARY EDUCATION Key employee | 40 | $168,613 | $32,827 |
| ROBERT FRENCH | DIRECTOR OF HR Key employee | 40 | $161,984 | $32,038 |
| CYNTHIA FOLEY | CHIEF HR OFFICER Key employee | 40 | $161,798 | $30,436 |
| KIMBERLY CLERX | PRINCIPAL, TAS Key employee | 40 | $151,814 | $28,530 |
| CARLOS GARCIA | TECHNOLOGY DIRECTOR Highest-paid employee | 40 | $147,669 | $26,927 |
| KARIN FIGUEROA | PRINCIPAL, ACES Highest-paid employee | 40 | $143,259 | $27,093 |
| DEBORAH ALBIN | PROGRAM SPECIALIST Highest-paid employee | 40 | $139,114 | $29,035 |
| CARMEN RAMOS | ASSISTANT PRINCIPAL, ACES Highest-paid employee | 40 | $137,651 | $26,063 |
| FELICIA JACKSON | ASSISTANT PRINCIPAL, TAS Highest-paid employee | 40 | $136,781 | $24,621 |
| STEPHEN DICKINSON | CHIEF BUSINESS OFFICER/CFO Officer | 40 | $153,307 | $443 |
| LEONARD RABINOWITZ | PRESIDENT Trustee or director | 6 | $0 | $0 |
| PETER B MORRISON | VICE PRESIDENT Trustee or director | 2 | $0 | $0 |
| LAWRENCE PICUS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BINTI P YOST | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ELISABETH WEISS | TRUSTEE Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4000 S MAIN ST, LOS ANGELES, CA 90037-1022
- In care of
- % DAVID BOROVAY
- Principal officer (990 for 2024)
- JESSE MELGARES CEO, 4000 S MAIN STREET, LOS ANGELES, CA 900371022
- Signed the 990
- DOROTHY LEE, CHIEF FINANCIAL OFFICER
- Phone
- (323) 235-6343
- Website
- ACCELERATED.ORG
- Return prepared by
- CHRISTY WHITE ASSOCIATES
California records
California keeps its own records of charities and corporations. Search them by EIN 95-4487850 or by the name THE ACCELERATED SCHOOLS.
- 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
THE ACCELERATED SCHOOLS WERE FOUNDED ON THE BELIEF THAT EVERY CHILD SHOULD BE TREATED AS GIFTED, WITH AN EMPHASIS ON HIGH EXPECTATIONS FOR STUDENT ACHIEVEMENT, A SUPPORTIVE LEARNING ENVIRONMENT, AND EXTENSIVE PARENT INVOLVEMENT.
Program accomplishments
- THE ORGANIZATION OPERATES THREE CHARTER SCHOOLS; THE ACCELERATED SCHOOL (TAS), ACCELERATED ELEMENTARY CHARTER SCHOOL (ACES), AND WALLIS ANNENBERG HIGH SCHOOL (WAHS). TAS CURRENTLY SERVES APPROXIMATELY 730 STUDENTS IN GRADES TRANSITIONAL KINDERGARTEN THROUGH EIGHT. ACES CURRENTLY SERVES APPROXIMATELY 525 STUDENTS IN GRADES TRANSITIONAL KINDERGARTEN THROUGH SIX. WAHS CURRENTLY SERVES APPROXIMATELY 485 STUDENTS IN GRADES NINE THROUGH TWELVE.Expenses $33,688,797 · revenue $233,789
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
- 95-4487850
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- 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 (B29)
- Assets (IRS master file)
- $107,555,515
- Income (IRS master file)
- $46,548,027
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $42,406,483 | $43,465,321 | $107,555,515 | IRS |
| 990 | June 2024 | $39,390,340 | $41,511,622 | $111,077,721 | IRS |
| 990 | June 2023 | $35,873,317 | $38,094,276 | $112,688,873 | XML |
| 990 | June 2022 | $25,535,162 | $32,710,705 | $102,465,924 | 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 95-4487850).
Questions about THE ACCELERATED SCHOOLS
- What is the EIN of THE ACCELERATED SCHOOLS?
- The employer identification number (EIN) of THE ACCELERATED SCHOOLS is 95-4487850.
- Is THE ACCELERATED SCHOOLS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to THE ACCELERATED SCHOOLS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE ACCELERATED SCHOOLS 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 THE ACCELERATED SCHOOLS 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 THE ACCELERATED SCHOOLS 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 THE ACCELERATED SCHOOLS?
- The 990 for the year ended June 30, 2025 names JESSE MELGARES CEO.
- Who are the officers and directors of THE ACCELERATED SCHOOLS?
- The 990 for the year ended June 30, 2025 lists 18 people; 12 received compensation from the organization, the highest $230,954 (CYNTHIA FOLEY, CHIEF HUMAN RESOURCES OFFICER).
- How much revenue does THE ACCELERATED SCHOOLS have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $42,406,483, expenses of $43,465,321 and total assets of $107,555,515 at year end.
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