Partnership For Regionaleducational Preparation-Kansas City is located in Kansas City, MO. The organization was established in 2008. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Partnership For Regionaleducational Preparation-Kansas City employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Partnership For Regionaleducational Preparation-Kansas City 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 06/2022, Partnership For Regionaleducational Preparation-Kansas City generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 6.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PREP-KC FOCUSES ON CREATING AND IMPLEMENTING STRATEGIES THAT HELP STUDENTS ATTENDING KANSAS CITY'S BI-STATE URBAN SCHOOL DISTRICTS SUCCEED IN POSTSECONDARY EDUCATION AND THEIR CAREERS. PREP-KC WORKS WITH THESE URBAN DISTRICTS TO SUPPORT AT-SCALE IMPROVEMENTS IN UNDERSERVED STUDENTS' OUTCOMES, MOST OF WHOM ARE FIRST-GENERATION COLLEGE-GOERS. IN ADDITION, PREP-KC INVESTS IN RESEARCH-BASED STRATEGIES THAT WILL PREPARE STUDENTS FOR CAREERS IN HIGH-DEMAND, WELL-PAYING JOBS IN THE KANSAS CITY REGION. PREP-KC PARTNERS WITH SIX SCHOOL DISTRICTS AND FOUR CHARTER SCHOOLS ON BOTH SIDES OF THE STATE LINE. TOGETHER, THESE DISTRICTS SERVE 66,000 STUDENTS AND PRODUCE OVER 3,800 ANNUAL HIGH SCHOOL GRADUATES; 80% IDENTIFY AS STUDENTS OF COLOR, AND 82% ARE LOW-INCOME. MANY OF OUR STUDENTS LIVE IN HISTORICALLY UNDERSERVED COMMUNITIES, AND PREP-KC'S PARTNER SCHOOLS SERVE 19 OF THE 20 ZIP CODES WITH THE LOWEST MEDIAN HOUSEHOLD INCOME IN THE 9-COUNTY METROPOLITAN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OSINCE ITS FOUNDING IN 2006, PREP-KC HAS BEEN DEVELOPING AND PILOTING AT-SCALE STRATEGIES TO IMPROVE STUDENT OUTCOMES IN THE BI-STATE REGION'S URBAN SCHOOL DISTRICTS. AS PREP-KC MEASURED PROGRESS (I.E., HIGH SCHOOL GRADUATION RATES), IT BECAME CLEAR THAT A HIGH SCHOOL DIPLOMA IS NOT ENOUGH TO PROVIDE STUDENTS FROM LOW-INCOME BACKGROUNDS WITH THE PREPARATION, EXPERIENCE, AND RELATIONSHIPS THEY NEED TO SUCCEED AFTER HIGH SCHOOL. NOR TO GAIN ACCESS TO HIGH-GROWTH, HIGH-DEMAND CAREERS IN OUR REGION'S ECONOMY. PREP-KC PROVIDES INTERCONNECTED STRATEGIES FOR K-12 STUDENTS THAT GIVE YOUNG PEOPLE INFORMATION, SKILLS, AND OPPORTUNITIES THEY NEED TO SUCCEED IN COLLEGE AND THEIR CAREERS. OUR ELEMENTARY SCHOOL PROGRAMS FOCUS ON K-3 LITERACY AND COLLEGE AND CAREER EXPOSURE FOR STUDENTS IN GRADES 3-5. IN MIDDLE SCHOOLS, PREP-KC FOCUSES ON PROVIDING STUDENTS WITH RICH OPPORTUNITIES TO CONNECT WITH INDUSTRY PROFESSIONALS THROUGH VARIOUS COLLEGE AND CAREER EXPLORATION OPPORTUNITIES. IN HIGH SCHOOL, PREP-KC SUPPORTS A VARIETY OF COLLEGE AND CAREER PREPARATION PROGRAMMING FOCUSED ON HELPING STUDENTS EARN MARKET VALUE ASSETS (MVAS). MVAS ARE RIGOROUS EXPERIENCES COMPLETED DURING HIGH SCHOOL THAT PREPARE STUDENTS FOR THE 21ST-CENTURY WORKFORCE. THESE MARKET VALUE ASSETS INCLUDE INDUSTRY-RECOGNIZED CREDENTIALS, 9 OR MORE COLLEGE CREDITS, INTERNSHIPS/ CLIENT-CONNECTED PROJECTS, AND/OR ENTREPRENEURIAL EXPERIENCES. PREP-KC IS ON TRACK TO REACH OUR GOAL OF HELPING 10,000 STUDENTS GRADUATING FROM URBAN HIGH SCHOOLS ACROSS THE HEART OF KANSAS CITY EARN AN MVA THROUGH 2025. THROUGH 2022, PREP-KC HAS HELPED NEARLY 4,200 GRADUATES EARN AN MVA.THE CONNECTOR PLATFORM HAS BECOME A CRITICAL COMPONENT OF PREP-KC'S EFFORTS TO INTEGRATE INDUSTRY PROFESSIONALS INTO THE CLASSROOM. EXCEEDED USAGE GOALS IN 2021-2022 WITH 2,435 SESSIONS COMPLETED (GOAL=1400).
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Susan Wally President & CEO | Officer | 60 | $162,500 |
Doug Elmer Vice President | Officer | 60 | $147,836 |
Susan Engelman Benchmarking Coach | 40 | $113,000 | |
Chris Gentile Board Chair | OfficerTrustee | 1 | $0 |
Ray Daniels Director | Trustee | 1 | $0 |
Andre Davis Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $2,619 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $301,336 |
All other contributions, gifts, grants, and similar amounts not included above | $971,990 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,275,945 |
Total Program Service Revenue | $343,885 |
Investment income | $48,098 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $60,892 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,728,820 |
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. | $322,081 |
Compensation of current officers, directors, key employees. | $13,905 |
Compensation to disqualified persons | $1,026,606 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $36,637 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $223 |
Fees for services: Other | $234,270 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1,873 |
Travel | $29,419 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $13,581 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $2,119,614 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $2,059,356 |
Pledges and grants receivable | $540,701 |
Accounts receivable, net | $95,296 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $232,750 |
Net Land, buildings, and equipment | $6,120 |
Investments—publicly traded securities | $2,032,159 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $8,311 |
Other assets | $0 |
Total assets | $4,974,693 |
Accounts payable and accrued expenses | $65,367 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $0 |
Other liabilities | $0 |
Total liabilities | $65,367 |
Net assets without donor restrictions | $4,359,876 |
Net assets with donor restrictions | $549,450 |
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 | $4,974,693 |