Wonderful College Prep Academy
- Assets
- $24.8m
- Revenue
- $50.3m
- Investments
- $0.0
- Employees
- 264
- Location
- Delano, CA
- Founding
- 04/2009
- Data as of
- 06/2022
- EIN
- 26-2997342
Organization Overview
Wonderful College Prep Academy is located in Delano, CA. 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 06/2022, Wonderful College Prep Academy employed 264 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wonderful College Prep Academy 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, Wonderful College Prep Academy generated $50.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $48.0m during the year ending 06/2022. While expenses have increased by 24.2% 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
THE WONDERFUL COLLEGE PREP ACADEMY IS COMMITTED TO PROVIDING A FULL RANGE OF STUDENTS WITH AN ACADEMICALLY CHALLENGING CURRICULUM, INDIVIDUALLY RESPONSIVE AND FULLY INCLUSIVE IN ITS APPROACH TO TEACHING AND LEARNING, AND DEDICATED TO THE IDEA THAT ALL CHILDREN SHOULD COMPLETE HIGH SCHOOL PREPARED FOR THOUGHTFUL CITIZENSHIP AND READY TO COMPLETE A COLLEGE DEGREE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WONDERFUL COLLEGE PREP ACADEMY PROVIDES AN EXEMPLARY EDUCATION FOR A BROADLY REPRESENTATIVE POPULATION OF STUDENTS FROM DELANO, CALIFORNIA , LOST HILLS AND SURROUNDING SCHOOL DISTRICTS WITH GOALS OF INCREASING THE NUMBER OF STUDENTS WHO COMPLETE A POSTSECONDARY EDUCATION AND CONTRIBUTING TO THE DEVELOPMENT OF STUDENTS AS SELF-MOTIVATED, COMPETENT, LIFELONG LEARNERS. WONDERFUL COLLEGE PREPARATORY DELANO CURRENTLY SERVES 1,907 STUDENTS IN GRADES KINDERGARTEN THROUGH TWELFTH. WONDERFUL COLLEGE PREPARATORY LOST HILLS CURRENTLY SERVES 464 STUDENTS IN GRADES KINDERGARTEN THROUGH NINTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kiyoshi Tomono Member | Trustee | 1 | $0 |
Maritza Avilez Member | Trustee | 1 | $0 |
Danielle Criona Interim Chair | OfficerTrustee | 1 | $0 |
Valerie Reynolds Member | Trustee | 1 | $0 |
Ernie Unruh Member | Trustee | 1 | $0 |
Dradrian Manuel Superintendent Until 9/07/21 | Officer | 40 | $184,784 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Educational Leasing Llc Rent | 6/29/22 | $3,754,408 |
Lyneer Staffing Solutions Staffing | 6/29/22 | $1,553,018 |
Villa Services Housekeeping | 6/29/22 | $378,601 |
South Valley Mechanical Housekeeping | 6/29/22 | $252,923 |
Creative Financial Staffing Llc Staffing | 6/29/22 | $217,709 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $46,682,564 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,597,443 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,280,007 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $50,280,007 |
| 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. | $518,782 |
| Compensation of current officers, directors, key employees. | $518,782 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,500,415 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,154,969 |
| Payroll taxes | $4,221,084 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,442 |
| Fees for services: Accounting | $27,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,571,435 |
| Advertising and promotion | $4,769 |
| Office expenses | $164,909 |
| Information technology | $216,747 |
| Royalties | $0 |
| Occupancy | $7,158,658 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $324,334 |
| Interest | $15,991 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $620,787 |
| Insurance | $34,037 |
| All other expenses | $2,052,217 |
| Total functional expenses | $48,025,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,375,030 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,984,915 |
| 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 | $232,449 |
| Net Land, buildings, and equipment | $2,202,139 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,794,533 |
| Accounts payable and accrued expenses | $7,531,603 |
| 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 | $3,600,000 |
| Other liabilities | $3,651,666 |
| Total liabilities | $14,783,269 |
| Net assets without donor restrictions | $10,011,264 |
| Net assets with donor restrictions | $0 |
| 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 | $24,794,533 |