College Prep Elementary
- Assets
- $7.3m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 53
- Location
- St Paul, MN
- Founding
- 07/2009
- Data as of
- 06/2022
- EIN
- 35-2344965
Organization Overview
College Prep Elementary is located in St Paul, MN. The organization was established in 2009. 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, College Prep Elementary employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Prep Elementary 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, College Prep Elementary generated $4.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $4.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 7 years. 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
TO PREPARE SCHOLARS TO BUILD CHARACTER AND ACCEPT OF THE VALUE OF VARIOUS CULTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLLEGE PREP ELEMENTARY (CPE) IS A CHARTER SCHOOL OPERATING IN THE SCHOOL WAS ESTABLISHED IN 2009 TO SERVE HMONG AND MINORITY FAMILIES THROUGH A SPECIALIZED FOCUS ON COLLEGE AND CAREER READINESS BY HAVING A SMALL SCHOOL ENVIRONMENT TO ACCOMPLISH THE MISSION OF PREPARING EVERYSTUDENT TO SUCCEED IN COLLEGE AND CAREER. THE SCHOOL UTILIZES RESEARCH-BASED, PROVEN METHODS TO PROMOTE ENGLISH LANGUAGE DEVELOPMENT AND LITERACY, MATHEMATICS PROFICIENCY, SCIENCE MASTERY, AND ENGAGEMENT IN THE LEARNING PROCESS. THE SCHOOL PROVIDES STUDENTS WITH A STRONGEDUCATIONAL PROGRAM WITHIN A LEARNING COMMUNITY THAT BUILDS SELF-CONFIDENCE AND AWARENESS OF DIVERSE CULTURES AND IDEAS. THE SCHOOL PARTNERS WITH INDIVIDUALS AND COMMUNITY ORGANIZATIONS TO ENSURE THAT STUDENTS RECEIVE ONGOING SUPPORT AT SCHOOL AND AT HOME. THROUGH EXTENSIVE ACADEMIC PREPARATION AND COMMUNITY COLLABORATION, STUDENTS HAVE ACCESS TO THE TOOLS TO SUCCEED.IN 2021-2022, CPE HAD AN AVERAGE ENROLLMENT OF 175 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connie Bruner Director | Trustee | 41 | $73,190 |
Josephine Vang Director | Trustee | 41 | $10,104 |
Bailey Thompson Board Chair | OfficerTrustee | 41 | $12,657 |
Karen Tarrant Vice Board Chair | OfficerTrustee | 1 | $0 |
Lah Lah Doo Director | Trustee | 1 | $0 |
Mykquel Reynolds Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ckc Good Food Food Services | 6/29/21 | $279,097 |
Billie Bus Transportation Inc Bus Services | 6/29/21 | $176,657 |
Rice Street Transportation Inc Bus Services | 6/29/21 | $106,159 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,345,270 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,562 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,398,832 |
| Total Program Service Revenue | $14,264 |
| Investment income | $2,711 |
| 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 | $4,418,611 |
| 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. | $333,957 |
| Compensation of current officers, directors, key employees. | $61,784 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,083,617 |
| Pension plan accruals and contributions | $93,571 |
| Other employee benefits | $99,995 |
| Payroll taxes | $100,115 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,735 |
| Fees for services: Accounting | $80,980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $287,559 |
| Advertising and promotion | $0 |
| Office expenses | $128,606 |
| Information technology | $20,779 |
| Royalties | $0 |
| Occupancy | $196,941 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,296 |
| Interest | $153,092 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $549,828 |
| Insurance | $18,693 |
| All other expenses | $88,490 |
| Total functional expenses | $4,322,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $935,212 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $927,817 |
| 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 | $159,427 |
| Net Land, buildings, and equipment | $184,466 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,101,362 |
| Total assets | $7,308,284 |
| Accounts payable and accrued expenses | $233,906 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,460,150 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,204,489 |
| Total liabilities | $8,898,545 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$1,917,244 |
| Paid-in or capital surplus, or land, building, or equipment fund | $241,515 |
| Retained earnings, endowment, accumulated income, or other funds | $85,468 |
| Total liabilities and net assets/fund balances | $7,308,284 |