University Prep Inc
- Assets
- $3.0m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 63
- Location
- Denver, CO
- Founding
- 05/2011
- Data as of
- 06/2021
- EIN
- 27-1642506
Organization Overview
University Prep Inc, operating under the name University Prep-Arapahoe St, is located in Denver, CO. 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 06/2021, University Prep-Arapahoe St employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Prep-Arapahoe St 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, University Prep-Arapahoe St generated $5.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $4.8m during the year ending 06/2021. While expenses have increased by 6.6% 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
UNIVERSITY PREP IS A K-5TH GRADE TUITION FREE, PUBLIC CHARTER SCHOOL. ITS MISSION IS TO BUILD A FOUNDATION OF SKILLS, KNOWLEDGE AND CHARACTER. UNIVERSITSY PREP WILL EDUCATE EVERY K-5 STUDENT FOR COLLEGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL EXPENDITURES SUPPORTED THE K-5 PROGRAM
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Antonio Pacifico Principal Officer | Officer | 40 | $95,285 |
Emily Eikelberner Trustee | Trustee | 1 | $0 |
Brenna Copeland Trustee | Trustee | 1 | $0 |
Cuneyt Akay Trustee | Trustee | 1 | $0 |
Kimberlee Sia Trustee | Trustee | 1 | $0 |
Nicholas Martinez Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $733,423 |
| All other contributions, gifts, grants, and similar amounts not included above | $215,080 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $948,503 |
| Total Program Service Revenue | $3,991,032 |
| Investment income | $616 |
| 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 | $5,321,328 |
| 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. | $95,285 |
| Compensation of current officers, directors, key employees. | $95,285 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,899,463 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $531,938 |
| Payroll taxes | $20,392 |
| Fees for services: Management | $6,419 |
| Fees for services: Legal | $110 |
| Fees for services: Accounting | $64,184 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $140,783 |
| Advertising and promotion | $0 |
| Office expenses | $119,954 |
| Information technology | $36,836 |
| Royalties | $0 |
| Occupancy | $305,203 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $115,383 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,211 |
| Insurance | $23,865 |
| All other expenses | $0 |
| Total functional expenses | $4,776,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,857,996 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $150,688 |
| Accounts receivable, net | $27,714 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,180 |
| Prepaid expenses and deferred charges | $15,746 |
| Net Land, buildings, and equipment | $42,363 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $867,126 |
| Total assets | $2,978,813 |
| Accounts payable and accrued expenses | $37,082 |
| Grants payable | $0 |
| Deferred revenue | $175,456 |
| 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 | $2,323,289 |
| Total liabilities | $2,535,827 |
| Net assets without donor restrictions | $442,986 |
| 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 | $2,978,813 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that University Prep Inc has recieved totaling $28,808.
| Awarding Organization | Amount |
|---|---|
Temple Hoyne Buell Foundation Denver, CO PURPOSE: ECE PROGRAM DEVELOPMENT IN ADAMS 14 | $10,000 |
Denver Foundation Denver, CO PURPOSE: FOR TEACHER RECOGNITION AWARD(S); AND FOR ADOPT A CLASSROOM | $7,500 |
Rose Community Foundation Denver, CO PURPOSE: General Operating Support | $6,000 |
Frank K Webb Revocable Trust St Louis, MO PURPOSE: PROGRAM SUPPORT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $308 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Community Development Corporation Tucson, AZ | $20,473,547 | $20,902,974 |
Academy Of Math & Science Inc Tucson, AZ | $35,777,199 | $18,613,878 |
Windsor Charter Academy Windsor, CO | $36,625,608 | $15,987,871 |
Science Technology Engineering And Math Stem High School Highlands Ranch, CO | $15,587,452 | $17,872,586 |
Stargate Charter School Thornton, CO | $19,773,978 | $21,738,033 |
Syracuse Arts Academy Inc Syracuse, UT | $37,683,088 | $15,500,034 |
Legacy Traditional School-Surprise Chandler, AZ | $32,091,284 | $16,357,315 |
American Leadership Academy Inc Spanish Fork, UT | $40,999,211 | $16,702,602 |
Chavez Huerta K-12 Preparatory Academy Pueblo, CO | $45,291,290 | $14,740,819 |
Liberty Tradition Charter School Phoenix, AZ | $15,402,752 | $15,178,313 |
Excelsior Academy Erda, UT | $21,101,376 | $14,135,210 |
Ascent Classical Academy Charter Schools Inc Golden, CO | $7,199,247 | $14,781,015 |