Stem Preparatory Schools Inc
- Assets
- $15.3m
- Revenue
- $22.3m
- Investments
- $0.0
- Employees
- 203
- Location
- Los Angeles, CA
- Founding
- 09/2009
- Data as of
- 06/2021
- EIN
- 26-3881506
Organization Overview
Stem Preparatory Schools Inc is located in Los Angeles, CA. The organization was established in 2009. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Stem Preparatory Schools Inc employed 203 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stem Preparatory Schools 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 06/2021, Stem Preparatory Schools Inc generated $22.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $16.6m during the year ending 06/2021. While expenses have increased by 9.4% 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
TO OPERATE A SMALL NETWORK OF HIGH PERFORMING CHARTER SCHOOLS IN A TARGETED AREA OF LOS ANGELES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STEM PREPARATORY SCHOOLS OPERATES 3 PUBLIC CHARTER SCHOOLS. DURING THE YEAR ENDED JUNE 30, 2021 STEM PREPARATORY ELEMENTARY SCHOOL SERVED APPROXIMATELY 312 STUDENTS IN GRADES TK-5TH, CROWN PREPARATORY ACADEMY SERVED APPROXIMATELY 445 STUDENTS IN GRADES 5TH-8TH, AND MATH AND SCIENCE COLLEGE PREPARATORY SCHOOL SERVED APPROXIMATELY 528 STUDENTS IN GRADES 9TH-12TH. THE SCHOOLS PROVIDED STUDENTS INSTRUCTION FOR 182 DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emilio Pack CEO | Officer | 40 | $266,674 |
Janette Rodriguez-Pack Cao | 40 | $153,656 | |
Eric Barlow COO | Officer | 40 | $115,636 |
Daniel Moreno Principal | 40 | $109,432 | |
Lisa Marcelino Principal | 40 | $103,157 | |
Andrew Kubasek Treasurer | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Total Education Solutions Special Education Services | 6/29/15 | $189,211 |
Afterschool All-stars Los Angeles After School Program | 6/29/15 | $187,177 |
Direct Ed Specialized Services Special Education Services | 6/29/15 | $131,459 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,317,921 |
| All other contributions, gifts, grants, and similar amounts not included above | $948,962 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,266,883 |
| Total Program Service Revenue | $0 |
| Investment income | $6,243 |
| 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 | $22,306,511 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $466,619 |
| Compensation of current officers, directors, key employees. | $457,512 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,936,774 |
| Pension plan accruals and contributions | $1,059,469 |
| Other employee benefits | $896,022 |
| Payroll taxes | $279,947 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,917 |
| Fees for services: Accounting | $23,278 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,025,077 |
| Advertising and promotion | $39,203 |
| Office expenses | $788,879 |
| Information technology | $88,079 |
| Royalties | $0 |
| Occupancy | $1,308,008 |
| Travel | $21,742 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $608 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,639 |
| Insurance | $194,835 |
| All other expenses | $299,019 |
| Total functional expenses | $16,634,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,270,881 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,667,624 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $576,262 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $213,814 |
| Net Land, buildings, and equipment | $2,530,634 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $991,566 |
| Total assets | $15,250,781 |
| Accounts payable and accrued expenses | $556,505 |
| Grants payable | $0 |
| Deferred revenue | $1,063,681 |
| 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 | $124,996 |
| Unsecured mortgages and notes payable | $100,000 |
| Other liabilities | $0 |
| Total liabilities | $1,845,182 |
| Net assets without donor restrictions | $12,888,761 |
| Net assets with donor restrictions | $516,838 |
| 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 | $15,250,781 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Stem Preparatory Schools Inc has recieved totaling $532,984.
| Awarding Organization | Amount |
|---|---|
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: K-12 EDUCATION | $332,984 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: K-12 EDUCATION | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Francis Parker School San Diego, CA | $194,908,820 | $57,687,551 |
La Jolla Country Day School La Jolla, CA | $114,865,046 | $46,001,052 |
Sierra Canyon High School Foundation Chatsworth, CA | $85,774,367 | $48,990,674 |
Mid-Pacific Institute Honolulu, HI | $101,803,937 | $45,053,597 |
St Margaret Of Scotland Episcopal School San Juan Capistrano, CA | $134,064,500 | $40,914,385 |
Polytechnic School Pasadena, CA | $171,943,339 | $44,872,252 |
Robert Louis Stevenson School Pebble Beach, CA | $122,648,077 | $40,501,209 |
Head-Royce School Oakland, CA | $139,836,677 | $50,710,547 |
Leman Academy Of Excellence Inc Tucson, AZ | $127,912,652 | $38,356,100 |
San Domenico School San Anselmo, CA | $70,945,076 | $41,031,926 |
Alexander Dawson Foundation Las Vegas, NV | $318,582,392 | $50,508,481 |
Buckley School Sherman Oaks, CA | $161,147,758 | $37,463,452 |