Annual Report of Finances

A California non-profit corporation in good standing
TIEE’s non-profit status [501(c)(3)] means that all revenues are devoted to program efforts, including retaining a highly-qualified supervisory and direct service staff as well as the acquisition, improvement, and maintenance of facilities and equipment. Sound financial practices and planning have received annual, independent audits for each of the past 20 years.

Annual income
School tuitions account for approximately 94 percent of TIEE’s revenue and, of that, about 74 percent is derived from public school contracts to serve students with special needs. During the 2008-2009 school year, TIEE contracted with 25 San Diego and Riverside County school districts to educate approximately 185 students with special needs and with over 200 families to educate their typically developing children.

Annual expense
During the 2008-2009 school year, TIEE retained over 164 personnel, including 66 professionals and more than 75 paraprofessionals, leading to a payroll that accounts for 75 percent of its entire annual operating expense. The chart below shows revenue and expense by category for the 06-07, 07-08, and 08-09 fiscal years.

Assets and liabilities
Thanks to substantial private donations, TIEE owns its Children’s Workshop site, located at 4055 Camino Del Rio South, and its COOK Education Center, located at 2255 Camino Del Rio South, both in San Diego, California. It holds long-term leases on the site of the Urban Skills Center and Mt. Helix Academy. Apart from these leases, TIEE has no other long-term financial obligations.