Gompers Preparatory Academy
- Assets
- $13.0m
- Revenue
- $20.5m
- Investments
- $0.0
- Employees
- 167
- Location
- San Diego, CA
- Founding
- 01/2011
- Data as of
- 06/2022
- EIN
- 27-0500180
Organization Overview
Gompers Preparatory Academy is located in San Diego, CA. The organization was established in 2011. 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, Gompers Preparatory Academy employed 167 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gompers Preparatory 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, Gompers Preparatory Academy generated $20.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $17.7m during the year ending 06/2022. While expenses have increased by 5.0% 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
ACCELERATE ACADEMIC ACHIEVEMENT FOR ALL STUDENTS THROUGH A COLLEGE PREPARATORY CULTURE AND CURRICULUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GPA OPERATES A PUBLIC CHARTER SCHOOL OFFERING HIGH-QUALITY EDUCATION TO STUDENTS IN GRADES 6-12. GPA IS COMMITTED TO SERVING STUDENTS WITH LOW- INCOME BACKGROUNDS WHO MAY BE THE FIRST STUDENT IN THEIR FAMILIES TO ATTEND COLLEGE AND DESIGNING AN EDUCATIONAL AND SOCIAL PROGRAM THAT WILL ALLOW ALL STUDENTS ACCESS TO A COLLEGE PATHWAY. THE SCHOOL DRAWS THE MAJORITY OF ITS STUDENTS FROM SOUTHEASTERN SAN DIEGO NEIGHBORHOODS. GPA SEEKS TO PROVIDE A HIGH QUALITY COLLEGE PREPARATORY EDUCATIONAL OPTION TO THE GOMPERS COMMUNITY AND OTHER STUDENTS WHO ARE UNDER-REPRESENTED IN COLLEGES AND UNIVERSITY SETTINGS. FOR THE YEAR ENDED JUNE 30, 2022 GPA SERVED APPROXIMATELY 1,286 STUDENTS IN GRADES 6-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Firpo Chief Of Staff | Officer | 40 | $153,020 |
Laura Mueller Speech Language Pathologist | 40 | $111,446 | |
May Manookian School Psychologist | 40 | $105,443 | |
Peter Chodzko Treasurer/instr. Lead | OfficerTrustee | 40 | $103,036 |
Jeremy Hurlbert Instructional Lead | Trustee | 40 | $103,036 |
Jennifer S Parsons Chief Business Officer | Officer | 40 | $101,536 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
One Shield Security Services Security | 6/29/22 | $136,513 |
Procopio Cory Hargreaves & Savitch Llp Legal Services | 6/29/22 | $114,026 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,160,270 |
| All other contributions, gifts, grants, and similar amounts not included above | $153,504 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,313,774 |
| Total Program Service Revenue | $0 |
| Investment income | $45,391 |
| 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 | $25,678 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,479,077 |
| 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. | $765,478 |
| Compensation of current officers, directors, key employees. | $258,042 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,986,835 |
| Pension plan accruals and contributions | $1,284,274 |
| Other employee benefits | $1,069,313 |
| Payroll taxes | $330,200 |
| Fees for services: Management | $393,832 |
| Fees for services: Legal | $108,161 |
| Fees for services: Accounting | $19,816 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,138,828 |
| Advertising and promotion | $1,200 |
| Office expenses | $1,918,614 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $610,722 |
| Travel | $9,787 |
| 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 | $396,824 |
| Insurance | $208,969 |
| All other expenses | $0 |
| Total functional expenses | $17,664,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $996,618 |
| Savings and temporary cash investments | $7,501,272 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,557,874 |
| 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 | $286,938 |
| Net Land, buildings, and equipment | $1,654,054 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,996,756 |
| Accounts payable and accrued expenses | $1,650,803 |
| Grants payable | $0 |
| Deferred revenue | $1,145,525 |
| 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 | $2,796,328 |
| Net assets without donor restrictions | $10,200,428 |
| 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 | $12,996,756 |