Stem Preparatory Schools Inc
- Assets
- $37.8m
- Revenue
- $24.8m
- Investments
- $0.0
- Employees
- 300
- Location
- Los Angeles, CA
- Founding
- 09/2009
- Data as of
- 06/2023
- 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 06/2023, Stem Preparatory Schools Inc employed 300 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 06/2023, Stem Preparatory Schools Inc generated $24.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $24.6m during the year ending 06/2023. While expenses have increased by 12.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF STEM PREP SCHOOLS IS TO OPERATE A SMALL NETWORK OF HIGH PERFORMING SCHOOLS, IN A TARGETED AREA OF LOS ANGELES AND DEVELOP 5TH 12TH GRADE SCHOLARS INTO SUCCESSFUL COLLEGE GRADUATES AND PROFESSIONALS, THROUGH EQUAL ACCESS AND INSPIRATION, RIGOROUS CURRICULUM, AND A COMMITMENT TO OUR CORE VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STEM PREPARATORY SCHOOLS OPERATES 3 PUBLIC CHARTER SCHOOLS. DURING THE YEAR ENDED JUNE 30, 2023 STEM PREPARATORY ELEMENTARY SCHOOL SERVED APPROXIMATELY 338 STUDENTS IN GRADES TK-5TH, CROWN PREPARATORY ACADEMY SERVED APPROXIMATELY 429 STUDENTS IN GRADES 5TH-8TH, AND MATH AND SCIENCE COLLEGE PREPARATORY SCHOOL SERVED APPROXIMATELY 530 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 | $278,435 |
Janette Rodriguez-Pack Cao | 40 | $165,312 | |
Eric Barlow COO | Officer | 40 | $130,104 |
Gilliane Holt Principal | 40 | $116,043 | |
Daniel Moreno Principal | 40 | $105,552 | |
Maria Avancena Principal | 40 | $101,803 |
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 | $24,317,332 |
| All other contributions, gifts, grants, and similar amounts not included above | $440,365 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,757,697 |
| Total Program Service Revenue | $0 |
| Investment income | $32,812 |
| 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 | $24,793,242 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $498,834 |
| Compensation of current officers, directors, key employees. | $488,857 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,453,782 |
| Pension plan accruals and contributions | $1,719,533 |
| Other employee benefits | $1,282,122 |
| Payroll taxes | $482,928 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,000 |
| Fees for services: Accounting | $40,046 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,799,910 |
| Advertising and promotion | $81,115 |
| Office expenses | $612,431 |
| Information technology | $86,025 |
| Royalties | $0 |
| Occupancy | $1,516,623 |
| Travel | $80,644 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,066 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $138,398 |
| Insurance | $271,598 |
| All other expenses | $449,621 |
| Total functional expenses | $24,611,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,130,153 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $353,661 |
| Accounts receivable, net | $3,553,913 |
| 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 | $327,716 |
| Net Land, buildings, and equipment | $2,559,559 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,261,589 |
| Total assets | $37,762,853 |
| Accounts payable and accrued expenses | $1,950,400 |
| Grants payable | $0 |
| Deferred revenue | $4,779,019 |
| 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 | $15,313,219 |
| Total liabilities | $22,042,638 |
| Net assets without donor restrictions | $15,515,280 |
| Net assets with donor restrictions | $204,935 |
| 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 | $37,762,853 |