Atlas Preparatory School Inc
- Assets
- $43.5m
- Revenue
- $24.3m
- Investments
- $22.9m
- Employees
- 227
- Location
- Colorado Springs, CO
- Founding
- 04/2009
- Data as of
- 06/2024
- EIN
- 26-2055229
Organization Overview
Atlas Preparatory School Inc is located in Colorado Springs, CO. The organization was established in 2009. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2024, Atlas Preparatory School Inc employed 227 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlas Preparatory School Inc 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 06/2024, Atlas Preparatory School Inc generated $24.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $18.6m during the year ending 06/2024. While expenses have increased by 9.9% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATLAS PREPARATORY SCHOOL PREPARES AND EMPOWERS ALL STUDENTS FOR SUCCESS ON THEIR POST-GRADUATE PATHS THROUGH EDUCATIONAL EXCELLENCE,CHARACTER DEVELOPMENT AND COMMUNITY ENGAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Bender Board Member | Trustee | 0.5 | $0 |
Vincent Prins Board Member | Trustee | 0.5 | $0 |
Carlos Jimenez Board Member | Trustee | 0.5 | $0 |
Danielle Summerville Board Member | Trustee | 0.5 | $0 |
Monique Lewis Board Member | Trustee | 0.5 | $0 |
Neal Tucker Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,588,048 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,355,731 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,943,779 |
| Total Program Service Revenue | $14,454,397 |
| Investment income | $765,634 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,271,420 |
| 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. | $506,519 |
| Compensation of current officers, directors, key employees. | $303,911 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,749,331 |
| Pension plan accruals and contributions | $3,619,407 |
| Other employee benefits | $516,026 |
| Payroll taxes | $162,631 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,470 |
| Fees for services: Accounting | $65,541 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $121,253 |
| Advertising and promotion | $70,689 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $880,772 |
| Travel | $439,520 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,905 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $415,791 |
| Insurance | $98,322 |
| All other expenses | $558,001 |
| Total functional expenses | $18,592,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,193 |
| Savings and temporary cash investments | $2,420,841 |
| Pledges and grants receivable | $4,061,174 |
| Accounts receivable, net | $50,867 |
| 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 | $314,196 |
| Net Land, buildings, and equipment | $6,982,418 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $22,933,394 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,577,422 |
| Total assets | $43,500,505 |
| Accounts payable and accrued expenses | $1,298,459 |
| Grants payable | $0 |
| Deferred revenue | $323,878 |
| 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 | $130,705 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,434,120 |
| Total liabilities | $21,187,162 |
| Net assets without donor restrictions | $21,747,343 |
| Net assets with donor restrictions | $566,000 |
| 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 | $43,500,505 |