Extera Public Schools
Nonprofit profile at a glance
- EIN
- 273095854
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Los Angeles, CA, USA
- Phone
- 3232610059
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $8,461,746
- Expenses
- $12,448,860
- Assets
- $7,144,881
- Liabilities
- $4,596,059
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- NORMAN BULLOCK (PRESIDENT/CHAIR)
- NICOLE DUQUETTE (EXECUTIVE DIRECTOR)
Highest reported compensation
- NICOLE DUQUETTE (EXECUTIVE DIRECTOR): $219,811 total reported compensation
- MONICA SALAS (SCHOOL DIRECTOR): $175,300 total reported compensation
- BRENNA HORAN (DIRECTOR OF ACADEMICS/COMPLIANCE): $171,654 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To prepare students for 21st century life and careers. Grounded in a program built upon excellence, equity and engagement, extera will grow students into trailblazers who are lifelong learners and conscientious change agents for their communities and beyond. With a focus on the natural world and the interconnectedness of all living things, children attending extera public schools engage in learning that provides real world relevance and nurtures self-empowerment in order to develop students from local to global citizens.
What it reported doing in 2024
During the year, the organization discontinued a planned facility development project, located at 1059 south gage avenue in east los angeles, after the la county board of supervisors revoked required permits, making the project no longer feasible. After reassessing feasibility, the board approved abandonment of the project. Capitalized preconstruction costs were written off in accordance with accounting standards. The organization's educational and instructional programs continued without interruption at the existing operating sites.
Operating model
- Revenue model
- Grant-funded. 98% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 71
- Accountability: 100
- Sustainability: 13
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 83.5%; rating input score 83
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -47.1%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0.57; rating input score 20; 20th percentile among comparable filings
- Liabilities to assets ratio: 0.64; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 7.9%; rating input score 37; 37th percentile among comparable filings
Growth
- Program expense growth: 7% per year; rating input score 100; 51st percentile among comparable filings
- Revenue growth: 7.6% per year; rating input score 100; 58th percentile among comparable filings
- Asset growth: 15.3% per year; rating input score 100; 75th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 83.5% of spending went to programs
- Governance: 5 of 5 board members independent · 8 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $10.4M in reported program spending
- Leadership: top reported pay $220K · 11 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.6M reported
- Consistency: 31 of 31 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- 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.
- High — Sustainability: Operating margin scored 2/100.
- High — Sustainability: Total-asset coverage ratio scored 20/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.
- Moderate — Sustainability: Officer compensation ratio scored 37/100.