University Prep Steele Street Inc
- Assets
- $3.1m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 48
- Location
- Denver, CO
- Founding
- 11/2016
- Data as of
- 06/2021
- EIN
- 47-5135227
Organization Overview
University Prep Steele Street Inc, operating under the name University Preparatory School-Steele Street, is located in Denver, CO. The organization was established in 2016. 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, University Preparatory School-Steele Street employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Preparatory School-Steele Street 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, University Preparatory School-Steele Street generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 35.6% each year . All expenses for the organization totaled $4.6m during the year ending 06/2021. 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
UNIVERSITY PREP STEELE STREET IS A KINDERFARTEN THROUGH FIFTH GRADE TUITION-FREE, PUBLIC CHARTER SCHOOL. ITS MISSION IS TO BUILD A FOUNDATION OF SKILLS KNOWLEDGE AND CHARACTER. WILL EDUCATE EVERY K-5 STUDENT FOR COLLEGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES NECESSARY TO OPERATE A K-5 SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claire Lundquist Principal | Officer | 40 | $87,483 |
Emily Eikelberner Trustee | Trustee | 2 | $0 |
Tracey Lovett Trustee | Trustee | 2 | $0 |
Brenna Copeland Trustee | Trustee | 2 | $0 |
Nicholas Martinez Trustee | Trustee | 2 | $0 |
Renae Bellew Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $740,537 |
| All other contributions, gifts, grants, and similar amounts not included above | $68,826 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $809,363 |
| Total Program Service Revenue | $4,068,206 |
| Investment income | $818 |
| 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 | $5,379,126 |
| 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. | $87,483 |
| Compensation of current officers, directors, key employees. | $87,483 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,889,777 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $515,978 |
| Payroll taxes | $20,318 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $798 |
| Fees for services: Accounting | $35,015 |
| 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 | $40,669 |
| Information technology | $68,165 |
| Royalties | $0 |
| Occupancy | $304,365 |
| Travel | $13,691 |
| 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 | $520 |
| Insurance | $12,336 |
| All other expenses | $8,436 |
| Total functional expenses | $4,642,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,100,322 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $193,643 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,210 |
| Prepaid expenses and deferred charges | $15,746 |
| Net Land, buildings, and equipment | $7,082 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $788,316 |
| Total assets | $3,127,319 |
| Accounts payable and accrued expenses | $27,832 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,115,547 |
| Total liabilities | $2,143,379 |
| Net assets without donor restrictions | $983,940 |
| 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 | $3,127,319 |
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