Capital Preparatory Schools Incorporated
- Assets
- $5.0m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 18
- Location
- Bridgeport, CT
- Founding
- 05/2012
- Data as of
- 06/2020
- EIN
- 43-4669846
Organization Overview
Capital Preparatory Schools Incorporated is located in Bridgeport, CT. The organization was established in 2012. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 06/2020, Capital Preparatory Schools Incorporated employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Preparatory Schools Incorporated 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 06/2020, Capital Preparatory Schools Incorporated generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 32.4% each year . All expenses for the organization totaled $3.6m during the year ending 06/2020. While expenses have increased by 39.0% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ALL STUDENTS ACCESS TO A HIGH QUALITY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPITAL PREPARATORY SCHOOLS, INC. PROVIDED EDUCATIONAL AND MANAGEMENT SERVICES TO THE FOLLOWING SCHOOLS: CAPITAL PREPARATORY HARBOR SCHOOL, CAPITAL PREPARATORY HARLEM CHARTER SCHOOL, AND CAPITAL PREPARATORY BRONX CHARTER SCHOOL.
CAPITAL PREPARATORY SCHOOLS, INC. PROVIDED EDUCATIONAL AND MANAGEMENT SERVICES TO THE FOLLOWING SCHOOLS: CAPITAL PREPARATORY HARBOR SCHOOL, CAPITAL PREPARATORY HARLEM CHARTER SCHOOL, AND CAPITAL PREPARATORY BRONX CHARTER SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Stephen Perry Chief Executive Officer | Officer | 50 | $179,375 |
Paula Altieri Chief Financial Officer | Officer | 50 | $178,420 |
Jill Cutler-Hodgman Chief Of Staff | Officer | 50 | $178,384 |
Tammy Cassile Assistant Superintendent, Student Support Svcs | Officer | 50 | $154,736 |
Dolores Concepcion Exec Dir Of Comm. & Development | 50 | $152,460 | |
Kashani Stokley Director Of Network Ops | 50 | $130,684 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,030,255 |
| Investment income | $0 |
| 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 | $3,901,459 |
| Statement of Expenses | |
|---|---|
| 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. | $826,741 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,409,994 |
| Pension plan accruals and contributions | $23,615 |
| Other employee benefits | $227,638 |
| Payroll taxes | $169,469 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,797 |
| Fees for services: Accounting | $21,203 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $146,543 |
| Advertising and promotion | $5,092 |
| Office expenses | $52,590 |
| Information technology | $47,223 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $30,313 |
| 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 | $2,666 |
| Insurance | $17,406 |
| All other expenses | $0 |
| Total functional expenses | $3,637,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,936,085 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $816,533 |
| Intangible assets | $0 |
| Other assets | $207,805 |
| Total assets | $4,972,601 |
| Accounts payable and accrued expenses | $50,734 |
| Grants payable | $0 |
| Deferred revenue | $1,500,000 |
| 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 | $341,713 |
| Total liabilities | $1,892,447 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $3,080,154 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Capital Preparatory Schools Incorporated has recieved totaling $2,210,858.
| Awarding Organization | Amount |
|---|---|
Peter And Carmen Lucia Buck Foundation Inc New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $1,500,000 |
Bouncer Foundation Inc Stamford, CT PURPOSE: PROGRAM SUPPORT | $250,000 |
Charles And Helen Schwab Foundation San Francisco, CA PURPOSE: K-12 EDUCATION | $200,000 |
Peter And Carmen Lucia Buck Foundation Inc New York, NY PURPOSE: NEW CHARTER SCHOOLS FOR CT | $150,000 |
Grand Street Foundation Providence, RI PURPOSE: CHARITY | $100,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $10,810 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Classrooms Innovation Partners Inc New York, NY | $17,880,577 | $14,247,177 |
Ub Associates Inc Buffalo, NY | $9,112,520 | $9,705,784 |
College Association At Delhi Inc Delhi, NY | $7,817,922 | $8,398,682 |
Bes Inc Boston, MA | $9,472,977 | $7,138,485 |
Public Preparatory Network Inc Bronx, NY | $2,858,866 | $7,875,769 |
Nellco Law Library Consortium Inc Albany, NY | $1,891,684 | $4,822,590 |
Council For Aid To Education Inc New York, NY | $2,451,648 | $5,084,606 |
Capital Preparatory Schools Incorporated Bridgeport, CT | $4,972,601 | $3,901,459 |
Blueprint Schools Network Inc Needham, MA | $3,399,810 | $5,269,995 |
Northeast Charter Schools Network Inc Albany, NY | $2,194,163 | $3,870,808 |
Suny Polytechnic Institute Auxiliary Services Corporation Utica, NY | $5,336,092 | $3,112,245 |
C W Mars Inc Worcester, MA | $3,743,677 | $3,516,194 |