Temecula Preparatory School
- Assets
- $15.4m
- Revenue
- $15.5m
- Investments
- $0.0
- Employees
- 163
- Location
- Winchester, CA
- Founding
- 09/2002
- Data as of
- 06/2023
- EIN
- 33-0921430
Organization Overview
Temecula Preparatory School is located in Winchester, CA. The organization was established in 2002. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Temecula Preparatory School employed 163 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Temecula Preparatory School 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, Temecula Preparatory School generated $15.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $12.5m during the year ending 06/2023. While expenses have increased by 4.4% 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
TO OPERATE A PUBLIC CHARTER K-12 SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC INDEPENDENT SCHOOL OPERATED UNDER THE CALIFORNIA CHARTER SCHOOL LAWS, PROVIDES TRADITIONAL EDUCATION TO THE STUDENTS OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheina Laws President | Trustee | 2 | $0 |
John Pironti Vice Preside | Trustee | 2 | $0 |
Jacob Dietrich Secretary | Trustee | 2 | $0 |
Heather Maxson Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,401,016 |
| All other contributions, gifts, grants, and similar amounts not included above | $349 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,401,365 |
| Total Program Service Revenue | $0 |
| Investment income | $81,994 |
| 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 | $15,483,359 |
| 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. | $132,444 |
| Compensation of current officers, directors, key employees. | $132,444 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,962,920 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,583,761 |
| Payroll taxes | $399,996 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,189 |
| Fees for services: Accounting | $74,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $835,684 |
| Advertising and promotion | $7,685 |
| Office expenses | $73,465 |
| Information technology | $13,202 |
| Royalties | $0 |
| Occupancy | $30,917 |
| Travel | $90,199 |
| 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 | $289,089 |
| Insurance | $65,590 |
| All other expenses | $11,715 |
| Total functional expenses | $12,543,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,518,649 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,545,220 |
| 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 | $174,052 |
| Net Land, buildings, and equipment | $2,808,084 |
| Investments—publicly traded securities | $6,344,304 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,390,309 |
| Accounts payable and accrued expenses | $678,708 |
| Grants payable | $0 |
| Deferred revenue | $83,722 |
| 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 | $762,430 |
| Net assets without donor restrictions | $14,627,879 |
| 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 | $15,390,309 |