Baypoint Preparatory Academy
- Assets
- $4.1m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 24
- Location
- San Marcos, CA
- Founding
- 06/2017
- Data as of
- 06/2022
- EIN
- 47-4018061
Organization Overview
Baypoint Preparatory Academy is located in San Marcos, CA. The organization was established in 2017. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Baypoint Preparatory Academy employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baypoint Preparatory Academy 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, Baypoint Preparatory Academy generated $3.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $2.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 6 years. 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
BAYPOINT PREPARATORY ACADEMY IS A CHARTER SCHOOL SERVING KINDERGARTEN TO 8TH GRADE STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAYPOINT PREPARATORY ACADEMY IS COMMITTED TO PROVIDING AN INTIMATE, FRIENDLY ACADEMIC ENVIRONMENT THAT RECOGNIZES AND VALUES A STUDENT'S UNIQUE LEARNING PROFILE, DEFINES CLEAR EXPECTATIONS, SETS APPROPRIATE YET CHALLENGING GOALS, AND CELEBRATES THE ACHIEVEMENT OF THESE GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Ogwaro CEO | Trustee | 40 | $155,999 |
Sabina Chaar Executive Dir. | Trustee | 40 | $93,600 |
Nancy Spencer CFO | Trustee | 40 | $52,000 |
Nathan Limjoco President | Trustee | 2 | $0 |
Galel Fajardo Vice President | Trustee | 2 | $0 |
Nicole Yargeau Secretary | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
520 E Carmel Drive Llc Rents | 6/29/21 | $403,348 |
Cornerstone Church Rents | 6/29/21 | $250,148 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,872,417 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,922,967 |
| Total Program Service Revenue | $0 |
| Investment income | $1,310 |
| 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 | $3,332,626 |
| 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. | $301,599 |
| Compensation of current officers, directors, key employees. | $301,599 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $961,271 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $194,047 |
| Payroll taxes | $116,501 |
| Fees for services: Management | $97,352 |
| Fees for services: Legal | $18,617 |
| Fees for services: Accounting | $21,893 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,039 |
| Advertising and promotion | $5,448 |
| Office expenses | $648 |
| Information technology | $17,526 |
| Royalties | $0 |
| Occupancy | $610,823 |
| Travel | $4,070 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,693 |
| Interest | $17,272 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $145,977 |
| Insurance | $30,717 |
| All other expenses | $1,340 |
| Total functional expenses | $2,846,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,264,307 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $398,124 |
| 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 | $54,210 |
| Net Land, buildings, and equipment | $2,361,147 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51,418 |
| Total assets | $4,129,206 |
| Accounts payable and accrued expenses | $130,538 |
| Grants payable | $0 |
| Deferred revenue | $108,046 |
| 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 | $2,153,380 |
| Other liabilities | $230,756 |
| Total liabilities | $2,622,720 |
| Net assets without donor restrictions | $1,506,486 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,129,206 |