Classical Preparatory
- Assets
- $19.6m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 154
- Location
- Spring Hill, FL
- Founding
- 09/2011
- Data as of
- 06/2023
- EIN
- 45-2805451
Organization Overview
Classical Preparatory is located in Spring Hill, FL. 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 06/2023, Classical Preparatory employed 154 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Classical Preparatory 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, Classical Preparatory generated $10.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $9.5m during the year ending 06/2023. While expenses have increased by 15.0% 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 IN PASCO COUNTY, FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF CLASSICAL PREPARATORY SCHOOL IS TO PURSUE ACADEMIC EXCELLENCE AND CHARACTER ENRICHMENT THROUGH RIGOROUS, CONTENT-RICH CURRICULUM, IMPARTING TO OUR STUDENTS THE ABILITY TO EXCEL AND A DESIRE TO CONTINUOUSLY PURSUE LEARNING THROUGHOUT THEIR LIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacie Mcintyre COO | Officer | 40 | $0 |
Jasmine Brightman Principal | Officer | 40 | $0 |
Mary Ferrante Principal | Officer | 40 | $0 |
James Blair Chair | Trustee | 1 | $0 |
Alex Garcia Vice Chair | Trustee | 1 | $0 |
Will Rodriguez Secretary | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Teqlease Equipment | 6/29/22 | $156,541 |
Witt Fence Company Fencing | 6/29/22 | $181,757 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $10,007,530 |
| 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 | $67,771 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,570,881 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,138,562 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $481,469 |
| Insurance | $0 |
| All other expenses | $3,032,369 |
| Total functional expenses | $9,526,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,184,893 |
| Savings and temporary cash investments | $1,768,440 |
| Pledges and grants receivable | $94,700 |
| 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 |
| Net Land, buildings, and equipment | $14,598,924 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,646,957 |
| Accounts payable and accrued expenses | $316,539 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $18,163,819 |
| 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 | $18,480,358 |
| 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 | -$3,564,895 |
| Retained earnings, endowment, accumulated income, or other funds | $4,731,494 |
| Total liabilities and net assets/fund balances | $19,646,957 |