Strive Preparatory Schools
- Assets
- $16.4m
- Revenue
- $54.7m
- Investments
- $0.0
- Employees
- 626
- Location
- Denver, CO
- Founding
- 03/2006
- Data as of
- 06/2021
- EIN
- 20-2562193
Organization Overview
Strive Preparatory Schools, operating under the name West Denver Preparatory Schools, is located in Denver, CO. The organization was established in 2006. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, West Denver Preparatory Schools employed 626 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Denver Preparatory Schools is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, West Denver Preparatory Schools generated $54.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $46.0m during the year ending 06/2021. While expenses have increased by 3.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
STRIVE PROVIDES AN INTENSIVE CURRICULUM WITH A STRONG FOCUS ON SKILL DEVELOPMENT TO STUDENTS IN GRADES K-12 FOR EDUCATIONAL SUCCESS FROM ELEMENTARY SCHOOL THROUGH HIGH SCHOOL, BENEFITING OVER 3,400 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Gibbons Chief Executive Officer | Officer | 40 | $189,563 |
Kristin Levine Chief Academic Officer | Officer | 40 | $161,246 |
Josh Devon Chief Financial Officer | Officer | 40 | $152,063 |
Alexa Mason Managing Director | 40 | $136,090 | |
Elisha Roberts Chief Academic Officer | Officer | 40 | $127,754 |
Susan Morris Ovuworie Managing Director | 40 | $121,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Denver Public Schools School District Svcs | 6/29/21 | $4,259,550 |
Kokua Substitute Teaching | 6/29/21 | $331,726 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $96,960 |
| Related organizations | $0 |
| Government grants | $8,928,850 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,430,494 |
| Noncash contributions included in lines 1a–1f | $24,510 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,456,304 |
| Total Program Service Revenue | $38,108,141 |
| Investment income | $10,712 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$19,498 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,741,372 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $998,760 |
| Compensation of current officers, directors, key employees. | $193,277 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,915,655 |
| Pension plan accruals and contributions | $4,434,483 |
| Other employee benefits | $2,983,526 |
| Payroll taxes | $512,503 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,766 |
| Fees for services: Accounting | $51,703 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,071,494 |
| Advertising and promotion | $30,761 |
| Office expenses | $938,505 |
| Information technology | $1,072,358 |
| Royalties | $0 |
| Occupancy | $3,247,222 |
| Travel | $112,982 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $75,208 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $192,296 |
| All other expenses | $1,031,024 |
| Total functional expenses | $45,965,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,427,644 |
| Savings and temporary cash investments | $3,994,661 |
| Pledges and grants receivable | $1,404,870 |
| Accounts receivable, net | $330,719 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $91,443 |
| Prepaid expenses and deferred charges | $116,816 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,366,153 |
| Accounts payable and accrued expenses | $953,546 |
| Grants payable | $0 |
| Deferred revenue | $295,454 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $396,781 |
| Other liabilities | $16,077,478 |
| Total liabilities | $17,723,259 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $14,720,373 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$16,077,479 |
| Total liabilities and net assets/fund balances | $16,366,153 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Strive Preparatory Schools has recieved totaling $2,479,662.
| Awarding Organization | Amount |
|---|---|
The Colorado Health Foundation Denver, CO PURPOSE: MAINTAIN HEALTHY BODIES | $666,766 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: K-12 EDUCATION | $600,000 |
The Colorado Health Foundation Denver, CO PURPOSE: MAINTAIN HEALTHY BODIES | $363,764 |
Caring For Denver Foundation Denver, CO PURPOSE: Youth | $335,600 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: K-12 EDUCATION | $316,178 |
Sturm Family Foundation Denver, CO PURPOSE: FURTHER TAX EXEMPT PURPOSE | $125,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Leadership Academy Inc Mesa, AZ | $282,415,478 | $95,654,658 |
Edkey Inc Mesa, AZ | $135,819,543 | $83,812,049 |
Asu Preparatory Academy Tempe, AZ | $49,146,223 | $66,068,953 |
Utah Charter Academies Draper, UT | $87,193,817 | $47,458,045 |
Strive Preparatory Schools Denver, CO | $16,366,153 | $54,741,372 |
Kipp Colorado Schools Denver, CO | $14,636,055 | $38,026,869 |
Legacy Traditional Schools - Nevada Inc Chandler, AZ | $98,471,077 | $39,227,732 |
Goal Academy Pueblo, CO | $51,570,908 | $48,674,529 |
Spectrum Academy North Salt Lake City, UT | $38,407,104 | $29,729,025 |
Odyssey Preparatory Academy Inc Buckeye, AZ | $75,530,982 | $28,243,391 |
Dove Schools Oklahoma City, OK | $6,243,861 | $28,048,630 |
Rocky Mountain Preparatory School Denver, CO | $30,804,994 | $31,097,127 |