Community Preparatory School
- Assets
- $55.5m
- Revenue
- $11.3m
- Investments
- $0.0
- Employees
- 35
- Location
- Providence, RI
- Founding
- 12/1992
- Data as of
- 06/2023
- EIN
- 22-2485332
Organization Overview
Community Preparatory School is located in Providence, RI. The organization was established in 1992. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Community Preparatory School employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Preparatory School 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 06/2023, Community Preparatory School generated $11.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $3.5m during the year ending 06/2023. While expenses have increased by 5.4% per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDEPENDENT MIDDLE SCHOOL SERVING RI AREA YOUTH IN GRADES 4 TO 8. THE SCHOOL EMPHASIZES INDIVIDUAL ATTENTION AND PARENTAL INVOLVEMENT.
AFTERSCHOOL AND SUMMER PREP PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fla Lewis III Treasurer | OfficerTrustee | 1 | $0 |
Merle Goldstein Vice Chair | OfficerTrustee | 0.5 | $0 |
A Max Kohlenberg Vice Chair | OfficerTrustee | 0.5 | $0 |
Piers Curry Secretary | OfficerTrustee | 0.5 | $0 |
Kathleen Bartels Member | Trustee | 0.5 | $0 |
Mary Polly Wall Vice Chair | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,825,336 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,825,336 |
| Total Program Service Revenue | $554,416 |
| Investment income | $4,629,044 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $195,386 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $58,663 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,280,819 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,861,213 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $291,069 |
| Payroll taxes | $161,845 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,008 |
| Fees for services: Accounting | $23,111 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,872 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $67,656 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $257,587 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $192,147 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $257,460 |
| Insurance | $49,550 |
| All other expenses | $139,546 |
| Total functional expenses | $3,512,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,997,176 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $17,555 |
| Accounts receivable, net | $20,955 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $60,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,869 |
| Net Land, buildings, and equipment | $8,365,446 |
| Investments—publicly traded securities | $38,023,661 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $55,507,662 |
| Accounts payable and accrued expenses | $236,863 |
| Grants payable | $0 |
| Deferred revenue | $290,281 |
| 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 | $3,670,777 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,246 |
| Total liabilities | $4,209,167 |
| Net assets without donor restrictions | $21,207,633 |
| Net assets with donor restrictions | $30,090,862 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $55,507,662 |