Chinquapin Preparatory School
- Assets
- $12.9m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 42
- Location
- Highlands, TX
- Founding
- 08/1969
- Data as of
- 06/2020
- EIN
- 74-1616827
Organization Overview
Chinquapin Preparatory School is located in Highlands, TX. The organization was established in 1969. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Chinquapin Preparatory School employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chinquapin Preparatory School 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 06/2020, Chinquapin Preparatory School generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $3.3m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CHINQUAPIN PROVIDES A HIGH-QUALITY COLLEGE-PREPARATORY EDUCATION TO ABLE AND MOTIVATED YOUTH FROM UNDER-RESOURCED COMMUNITIES AND SCHOOLS IN THE GREATER HOUSTON AREA. CHINQUAPIN IS ACCREDITED BY TAAPS TEXAS ALLIANCE OF ACCREDITED PRIVATE SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHINQUAPIN PREPARATORY SCHOOL THE SCHOOL IS DEDICATED TO PROVIDING A HIGH QUALITY COLLEGE-PREPARATORY EDUCATION TO ABLE AND MOTIVATED YOUTH FROM UNDER-RESOURCED COMMUNITIES AND SCHOOLS IN THE GREATER HOUSTON AREA. THROUGH THE RIGOROUS CURRICULUM AN EMPHASIS ON COMMUNITY SERVICE AND EARNING WHAT ONE RECEIVES THE SCHOOL AIMS TO PRODUCE RESPONSIBLE WELL-EDUCATED CITIZENS WHO WILL BECOME CONSTRUCTIVE LEADERS IN THE COMMUNITY. DESERVING BOYS AND GIRLS GRADES 6 THROUGH 12 ARE ELIGIBLE TO ATTEND THE SCHOOL. GRADES 7 THROUGH 12 ARE ELIGIBLE TO BOARD ON CAMPUS. OTHER STUDENTS ARE TRANSPORTED DAILY. ENROLLMENT FOR THE 2020-2021 SCHOOL YEAR WAS APPROXIMATELY 160 STUDENTS.
STUDENT ENRICHMENT AND COMMUNITY SERVICE ARE A VITAL PART OF OUR EDUCATIONAL PROGRAM. WE HAVE AN OUTSTANDING FINE ARTS PROGRAM MUSIC STUDIO ART CERAMICS AN AWARD-WINNING SPEECH & DEBATE TEAM AND INNOVATIVE ECOLOGY ELECTIVES EARTHSHIP GARDENING. ALL STUDENTS PARTICIPATE IN VARIOUS COMMUNITY SERVICE PROJECTS THROUGHOUT THE YEAR. WE ARE ABLE TO OFFER OUR STUDENTS INCREDIBLE SUMMER OPPORTUNITIES SUCH AS EXPERIMENT IN INTERNATIONAL LIVING NATIONAL OUTDOOR LEADERSHIP SCHOOL THE WOODS PROJECT RICE SUMMER BUSINESS INSTITUTE STUDENT CONSERVATION ASSOCIATION AND BREAKTHROUGH HOUSTON.
CHINQUAPIN IS PART OF TAPPS TEXAS ASSOCIATION OF PRIVATE AND PAROCHIAL SCHOOLS. WE COMPETE IN VOLLEYBALL FLAG FOOTBALL SOCCER CROSS COUNTRY BASKETBALL TRACK AND TENNIS. ALTHOUGH THE FOCUS OF CHINQUAPIN IS ACADEMIC ATHLETICS ARE SEEN AS A VALUABLE PART OF THE SCHOOL PROGRAM IN WHICH STUDENTS LEARN ABOUT COMPETITION LEADERSHIP TEAMWORK SPORTSMANSHIP AND SELF-CONFIDENCE. THERE IS NO COST TO THE STUDENTS AND ALL STUDENTS ARE ENCOURAGED TO TRY OUT. CHINQUAPIN PREFERS FACULTY MEMBERS SERVE AS COACHES BECAUSE OF THEIR GREATER FAMILIARITY WITH THE STUDENT ATHLETES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothy Scrutchin Ed D Executive Director | Officer | 40 | $86,090 |
Alan Ratliff President | OfficerTrustee | 1 | $0 |
Steven Salters Secretary Treasurer | OfficerTrustee | 1 | $0 |
Marcella Watkins Executive VP President Elect | OfficerTrustee | 1 | $0 |
Christie Cardon VP - Nominating | OfficerTrustee | 1 | $0 |
Barton R Bentley Immediate Past President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Curry Boudreaux Architects Architects | 6/29/17 | $126,228 |
Forney Construction Contactor | 6/29/17 | $3,432,258 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,112,682 |
| Investment income | $89,243 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,139 |
| Net Income from Fundraising Events | $24,859 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,316,129 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $89,049 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $165,615 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,257,520 |
| Pension plan accruals and contributions | $55,579 |
| Other employee benefits | $177,567 |
| Payroll taxes | $98,247 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,664 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,823 |
| Fees for services: Other | $8,664 |
| Advertising and promotion | $0 |
| Office expenses | $60,964 |
| Information technology | $26,949 |
| Royalties | $0 |
| Occupancy | $252,692 |
| Travel | $30,996 |
| 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 | $652,077 |
| Insurance | $165,366 |
| All other expenses | $66,967 |
| Total functional expenses | $3,311,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,194 |
| Savings and temporary cash investments | $1,144,133 |
| Pledges and grants receivable | $503,191 |
| Accounts receivable, net | $14,677 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,534 |
| Prepaid expenses and deferred charges | $95,904 |
| Investments—publicly traded securities | $3,034,751 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,920,887 |
| Accounts payable and accrued expenses | $25,143 |
| Grants payable | $0 |
| Deferred revenue | $112,465 |
| 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 | $327,100 |
| Other liabilities | $0 |
| Total liabilities | $464,708 |
| Net assets without donor restrictions | $8,770,490 |
| Net assets with donor restrictions | $3,685,689 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $12,456,179 |
Grants Recieved
Over the last fiscal year, we have identified 33 grants that Chinquapin Preparatory School has recieved totaling $1,381,748.
| Awarding Organization | Amount |
|---|---|
Greater Houston Community Foundation Houston, TX PURPOSE: EDUCATIONAL | $243,000 |
Albert And Ethel Herzstein Charitable Foundation Houston, TX PURPOSE: TOWARDS SUPPORT OF GENERAL OPERATIONS. | $225,000 |
Brown Foundation Inc Houston, TX PURPOSE: OPERATING SUPPORT | $125,000 |
Piper Jaffray Foundation Minneapolis, MN PURPOSE: REGIONAL GIVING | $125,000 |
Hauck Charitable Foundation Bridgeton, MO PURPOSE: EDUCATION | $100,000 |
M D Anderson Foundation Houston, TX PURPOSE: PROGRAMS, SERVICES, SCHOLARSHIPS AND OPERATING SUPPORT | $100,000 |
Endowment Analysis
| Beg. Balance | $11,901,547 |
| Earnings | $3,244,582 |
| Admin Expense | $12,079 |
| Grants | $608,725 |
| Ending Balance | $14,525,325 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Santa Fe Preparatory School Santa Fe, NM | $79,113,849 | $36,111,805 |
Thaden School Bentonville, AR | $79,028,915 | $15,891,102 |
Academics Plus Charter Schools Inc Maumelle, AR | $7,409,476 | $15,799,644 |
Marine Military Academy Inc Harlingen, TX | $47,303,872 | $14,319,783 |
South Texas Educational Technologies Inc Weslaco, TX | $17,267,724 | $15,758,985 |
Akibayavneh Academy Dallas, TX | $13,685,007 | $15,057,848 |
Navajo Preparatory School Inc Farmington, NM | $37,567,327 | $9,309,197 |
Student Alternatives Program Incorporated San Antonio, TX | $19,593,024 | $15,118,019 |
Braination Inc San Antonio, TX | $31,349,196 | $17,109,722 |
Bosque School Albuquerque, NM | $33,698,643 | $13,258,557 |
The Academy Fayetteville, AR | $10,084,024 | $11,745,768 |
Winfree Academy Charter School Carrollton, TX | $12,943,663 | $11,352,122 |