Prairie School Inc
- Assets
- $85.0m
- Revenue
- $19.9m
- Investments
- $339.5k
- Employees
- 230
- Location
- Racine, WI
- Founding
- 09/1964
- Data as of
- 06/2024
- EIN
- 39-6074931
Organization Overview
Prairie School Inc is located in Racine, WI. The organization was established in 1964. 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 06/2024, Prairie School Inc employed 230 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prairie School 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 06/2024, Prairie School Inc generated $19.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $18.8m during the year ending 06/2024. While expenses have increased by 2.6% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
K-12 EDUCATION IN A PRIVATE SCHOOL SETTING
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL AND RELATED ACTIVITIES IMPROVING AND DEVELOPING CHILDREN. 633 STUDENTS WERE ENROLLED IN THE SCHOOL DURING THE CURRENT REPORTING PERIOD.
BUILDING OPERATION AND MAINTENANCE OF FACILITIES TO PROVIDE A PLACE FORSTUDENTS ENROLLED TO ATTEND EDUCATIONAL ACTIVITIES ON A REGULAR BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen Johnson-Leipold Chairman | OfficerTrustee | 1 | $0 |
Joseph Veranth Treasurer, Chair Of Financ | OfficerTrustee | 1 | $0 |
John Batten Vice Chairman | OfficerTrustee | 1 | $0 |
Richard Ruffo Secretary | OfficerTrustee | 1 | $0 |
Joe Fallico Trustee | Trustee | 1 | $0 |
Dave Johnson Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $130,406 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,651,262 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,781,668 |
| Total Program Service Revenue | $13,628,261 |
| Investment income | $2,969,850 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $193,065 |
| Net Income from Fundraising Events | $228,785 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,864,875 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,276,839 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $613,073 |
| Compensation of current officers, directors, key employees. | $116,484 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,033,809 |
| Pension plan accruals and contributions | $498,377 |
| Other employee benefits | $1,241,106 |
| Payroll taxes | $549,521 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $154,429 |
| Fees for services: Other | $82,772 |
| Advertising and promotion | $0 |
| Office expenses | $173,027 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $960,309 |
| Travel | $11,501 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,854 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,288,169 |
| Insurance | $164,639 |
| All other expenses | $996,304 |
| Total functional expenses | $18,806,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,253,663 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $346,917 |
| Accounts receivable, net | $58,905 |
| 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 | $49,709 |
| Net Land, buildings, and equipment | $18,591,755 |
| Investments—publicly traded securities | $55,752,506 |
| Investments—other securities | $339,532 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,574,226 |
| Total assets | $84,967,213 |
| Accounts payable and accrued expenses | $856,688 |
| Grants payable | $0 |
| Deferred revenue | $1,169,969 |
| 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 | $404,156 |
| Total liabilities | $2,430,813 |
| Net assets without donor restrictions | $33,301,261 |
| Net assets with donor restrictions | $49,235,139 |
| 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 | $84,967,213 |