Cabrillo Point Academy

Nonprofit profile at a glance

EIN
821769676
IRS 990 coverage
2017–2024
Official website data refreshed
Jun 2026
Forms available
Form 990 2024
Location
Newport Beach, CA, USA
Phone
(619) 782-6464
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Charter Schools

Official website

Reported finances

Revenue
$83,923,225
Expenses
$76,038,398
Assets
$36,472,921
Liabilities
$11,754,026

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

31 people listed

Executive titles in this filing

  • DEVON ROSELI (President)

Highest reported compensation

  • JENNA LORGE (Executive Dir.): $459,157 total reported compensation
  • ERIKA VANDERSPEK (DEPUTY EX. DIRECTOR): $380,290 total reported compensation
  • PAMELA GANDARA (SPED DIRECTOR): $302,895 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of Cabrillo Point Academy is to develop the individual gifts of students in San Diego County and adjacent counties to become critical thinkers, responsible citizens and innovative leaders prepared for academic and real-life success in the 21st Century. Dear Families, We are so excited you have decided to share your homeschooling journey with us! It is our sincerest hope that this site will provide you with guidance, encouragement, and valuable resources to help you create an individualized learning plan for your child. Please remember that we are here to serve and support you in any way we can. Welcome to the Cabrillo Point Family! We would like to hear from you to ensure the website continues to be both relevant and valuable. Click here to share your thoughts, ideas, and questions with us!

What it reported doing in 2024

Provide a virtual curriculum model that emphasizes meeting individual students' needs for meeting the California common core state standards for their grade level.

Operating model

Revenue model
Grant-funded. 94% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 70
  • Accountability: 90
  • Sustainability: 45
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.4%; rating input score 78
  • Program expense ratio: 86.4%; rating input score 86
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 9.4%; rating input score 71; 71st percentile among comparable filings
  • Total-asset coverage ratio: 0.48; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 0.32; rating input score 53; 53rd percentile among comparable filings
  • Officer compensation ratio: 7.5%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: 10.6% per year; rating input score 100; 76th percentile among comparable filings
  • Revenue growth: 10.2% per year; rating input score 100; 78th percentile among comparable filings
  • Asset growth: 12% per year; rating input score 100; 78th percentile among comparable filings

Details

  • What they do: 1 operating location identified
  • Where the money goes: 78.4% of revenue deployed · 86.4% of spending went to programs
  • Governance: 5 of 5 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $65.7M in reported program spending
  • Leadership: top reported pay $459K · 31 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $3.1M reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 7 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 26 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.
  • Review — Sustainability: Liabilities to assets ratio scored 53/100.