Camden Prep Inc
- Assets
- $57.8m
- Revenue
- $25.9m
- Investments
- $0.0
- Employees
- 273
- Location
- Newark, NJ
- Founding
- 07/2015
- Data as of
- 06/2022
- EIN
- 47-1221222
Organization Overview
Camden Prep Inc is located in Newark, NJ. The organization was established in 2015. 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 06/2022, Camden Prep Inc employed 273 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Camden Prep 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 06/2022, Camden Prep Inc generated $25.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $25.5m during the year ending 06/2022. While expenses have increased by 21.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CAMDEN PREP IS A PUBLIC RENAISSANCE SCHOOL SERVING MORE THAN 1,200 STUDENTS IN KINDERGARTEN THROUGH 11TH GRADE. CAMDEN PREP WELCOMED ITS FIRST 9TH GRADE CLASS IN FALL 2020 AND WILL CONTINUE TO GROW TO A FULL 9-12 HIGH SCHOOL. CAMDEN PREP'S MISSION IS TO ENSURE ALL STUDENTS ARE PREPARED TO SUCCEED IN COLLEGE AND BEYOND. CAMDEN PREP CONSISTS OF A HIGH SCHOOL LOCATED AT COPEWOOD ST. CAMDEN, NEW JERSEY, A MIDDLE SCHOOL LOCATED AT 1575 MT. EPHRAIM AVE. CAMDEN, NEW JERSEY AND ELEMENTARY SCHOOLS LOCATED AT 1650 COPEWOOD STREET CAMDEN, NEW JERSEY AND 1575 MT. EPHRAIM AVE. CAMDEN, NEW JERSEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMDEN PREP IS A NEW JERSEY PUBLIC RENAISSANCE SCHOOL OVERSEEN BY THE STATE OF NEW JERSEY DEPARTMENT OF EDUCATION. CAMDEN PREP OFFERS A WIDE RANGE OF COURSES THAT SPARK CURIOSITY AND DEVELOP OUR STUDENTS' INTERESTS. STUDENTS HAVE MULTIPLE OPPORTUNITIES TO CONTINUE THEIR LEARNING AND SELF-DEVELOPMENT THROUGH A VARIETY OF EXTRACURRICULAR ACTIVITIES. CAMDEN PREP TEACHERS AND LEADERS COMMUNICATE CONSTANTLY WITH PARENTS AND FAMILIES. THEY SHARE UPDATES AND WORK AS A TEAM WITH PARENTS AND FAMILIES TO ENSURE EVERY CHILD HAS THE SUPPORT HE OR SHE NEEDS TO SUCCEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsay Kruse Chair | OfficerTrustee | 5 | $0 |
Julie Jackson Secretary | OfficerTrustee | 5 | $0 |
Robert Howitt Trustee | Trustee | 5 | $0 |
Joseph Mangini Trustee | Trustee | 5 | $0 |
Cassetta Perry Trustee | Trustee | 5 | $0 |
Janellen Duffy Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Uncommon Schools Management Fees | 6/29/22 | $2,694,047 |
Floorite Llc Cleaning Services | 6/29/22 | $443,615 |
Ees Support Services Llc Sped Services | 6/29/22 | $324,155 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,803,264 |
| All other contributions, gifts, grants, and similar amounts not included above | $980,358 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,783,622 |
| Total Program Service Revenue | $19,085,841 |
| 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 | $25,869,463 |
| 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 | $10,702,020 |
| Pension plan accruals and contributions | $152,810 |
| Other employee benefits | $704,825 |
| Payroll taxes | $2,345,675 |
| Fees for services: Management | $2,885,010 |
| Fees for services: Legal | $17,637 |
| Fees for services: Accounting | $56,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,640,012 |
| Advertising and promotion | $0 |
| Office expenses | $173,061 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,490,951 |
| Travel | $35,763 |
| 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 | $1,363,924 |
| Insurance | $221,430 |
| All other expenses | $1,752,672 |
| Total functional expenses | $25,542,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,795,195 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,728,694 |
| 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 | $797,892 |
| Net Land, buildings, and equipment | $726,238 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,743,861 |
| Total assets | $57,791,880 |
| Accounts payable and accrued expenses | $6,489,729 |
| Grants payable | $0 |
| Deferred revenue | $8,425 |
| 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 | $45,377,145 |
| Total liabilities | $51,875,299 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $5,823,627 |
| Paid-in or capital surplus, or land, building, or equipment fund | $92,954 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $57,791,880 |