Northeast College Prep
- Assets
- $12.9m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 83
- Location
- Minneapolis, MN
- Founding
- 07/2014
- Data as of
- 06/2021
- EIN
- 46-2577480
Organization Overview
Northeast College Prep is located in Minneapolis, MN. The organization was established in 2014. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Northeast College Prep employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast College Prep 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 06/2021, Northeast College Prep generated $7.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $7.9m during the year ending 06/2021. While expenses have increased by 17.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
NORTHEAST COLLEGE PREP WILL ENSURE STRONG ACADEMIC, SOCIAL-EMOTIONAL, AND TALENT DEVELOPMENT IN EVERY MEMBER OF ITS DIVERSE STUDENT BODY, THEREBY POSITIONING EACH STUDENT FOR COLLEGE GRADUATION, CAREER SUCCESS, AND POSITIVE COMMUNITY IMPACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTHEAST COLLEGE PREP HAS STRIVED TO SUCCEED AS A PROOF-POINT THAT ALL STUDENTS, REGARDLESS OF BACKGROUND, FLOURISH WHEN A SCHOOL'S ENTIRE STAFF DEEPLY BELIEVES IN THE POTENTIAL AND FULLY COMMITS TO THE SUCCESS OF EACH AND EVERY ONE. THE ORGANIZATION FOCUSES ON GRADES K TO 8. DURING FISCAL YEAR 2021, NORTHEAST COLLEGE PREP AVERAGED 365 DAILY STUDENTS.
NORTHEAST COLLEGE PREP HAS STRIVED TO SUCCEED AS A PROOF-POINT THAT ALL STUDENTS, REGARDLESS OF BACKGROUND, FLOURISH WHEN A SCHOOL'S ENTIRE STAFF DEEPLY BELIEVES IN THE POTENTIAL AND FULLY COMMITS TO THE SUCCESS OF EACH AND EVERY ONE. THE ORGANIZATION FOCUSES ON GRADES K TO 8. DURING FISCAL YEAR 2021, NORTHEAST COLLEGE PREP AVERAGED 365 DAILY STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Phillips Executive Director | Officer | 40 | $100,551 |
Erika Sass School Director | Officer | 40 | $95,809 |
Amanda Jagdeo Director/teacher | Trustee | 40 | $76,688 |
Whitney Mckinley Director/teacher | Trustee | 40 | $73,604 |
Joanna Schneider Director/teacher | Trustee | 40 | $64,774 |
Bill Graves Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthpartners Health Insurance | 6/29/21 | $478,694 |
Done Right Food Student Meals | 6/29/21 | $173,098 |
4mativ Technologies Student Transportation | 6/29/21 | $493,746 |
4mativ Technologies Student Transportation | 6/29/21 | $493,746 |
Healthpartners Health Insurance | 6/29/21 | $478,694 |
Done Right Food Student Meals | 6/29/21 | $173,098 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,290,326 |
| All other contributions, gifts, grants, and similar amounts not included above | $331,411 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,621,737 |
| Total Program Service Revenue | $45 |
| Investment income | $656 |
| 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 | $7,653,254 |
| 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. | $429,376 |
| Compensation of current officers, directors, key employees. | $30,635 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,109,908 |
| Pension plan accruals and contributions | $894,920 |
| Other employee benefits | $529,584 |
| Payroll taxes | $259,297 |
| 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 | $1,951,497 |
| Advertising and promotion | $0 |
| Office expenses | $3,998 |
| Information technology | $195,971 |
| Royalties | $0 |
| Occupancy | $33,208 |
| Travel | $26,678 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,947 |
| Interest | $458,435 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $232,662 |
| Insurance | $16,300 |
| All other expenses | $51,881 |
| Total functional expenses | $7,931,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,425,001 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $888,953 |
| Accounts receivable, net | $593,765 |
| 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 | $70,023 |
| Net Land, buildings, and equipment | $7,928,883 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,017,378 |
| Total assets | $12,924,003 |
| Accounts payable and accrued expenses | $1,081,163 |
| Grants payable | $0 |
| Deferred revenue | $8,775 |
| Tax-exempt bond liabilities | $7,820,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,202,851 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,100,295 |
| Total liabilities | $15,213,084 |
| Net assets without donor restrictions | -$3,081,426 |
| Net assets with donor restrictions | $792,345 |
| 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 | $12,924,003 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Northeast College Prep has recieved totaling $75,072.
| Awarding Organization | Amount |
|---|---|
Wem Foundation Minneapolis, MN PURPOSE: GENERAL | $75,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $72 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seeds Of Health Milwaukee, WI | $21,433,274 | $18,248,715 |
Twin Cities International Schools Minneapolis, MN | $10,477,770 | $17,272,708 |
Eagle Ridge Academy Minnetonka, MN | $14,507,492 | $16,854,949 |
Lakes International Language Academy Forest Lake, MN | $12,188,611 | $15,744,589 |
Parnassus Preparatory School Maple Grove, MN | $11,987,253 | $16,239,729 |
Hmong American Peace Academy Ltd Milwaukee, WI | $62,055,663 | $22,180,285 |
Seven Hills Preparatory Academy Bloomington, MN | $12,008,176 | $15,420,403 |
St Croix Preparatory Academy Stillwater, MN | $15,400,325 | $14,730,120 |
Athlos Leadership Academy Brooklyn Park, MN | $8,310,126 | $14,353,758 |
Prairie Seeds Academy Brooklyn Park, MN | $11,928,237 | $14,361,129 |
Kipp Minnesota Minneapolis, MN | $9,470,276 | $14,681,951 |
Prodeo Academy Columbia Heights, MN | $7,923,634 | $13,232,357 |