Yes Prep Public Schools Inc
- Assets
- $367.3m
- Revenue
- $201.1m
- Investments
- $0.0
- Employees
- 2,012
- Location
- Houston, TX
- Founding
- 10/1998
- Data as of
- 06/2021
- EIN
- 76-0563835
Organization Overview
Yes Prep Public Schools Inc is located in Houston, TX. The organization was established in 1998. 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, Yes Prep Public Schools Inc employed 2,012 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yes Prep Public Schools 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 06/2021, Yes Prep Public Schools Inc generated $201.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $177.4m during the year ending 06/2021. While expenses have increased by 9.2% 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
YES PREP IS A PUBLIC CHARTER SCHOOL SYSTEM FOR GRADES K-12 IN HOUSTON'S UNDERSERVED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YES PREP SERVED OVER 15,300 HOUSTON AREA LOW-INCOME STUDENTS FROM KINDERGARDEN THROUGH 12TH GRADE. YES PREP RECEIVES APPROXIMATELY 85% OF ITS FUNDING FROM STATE AND FEDERAL AGENCIES AND THE REST IS LOCALLY FUNDRAISED. YES PREP PREPARES LOW-INCOME YOUTH TO ENTER A FOUR-YEAR COLLEGE OR UNIVERSITY BY IMPLEMENTING AN INNOVATIVE AND RIGOROUS ACADEMIC PROGRAM WHICH ALSO EMPHASIZES COMMUNITY SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Dibella CEO | Officer | 40 | $365,667 |
Carmen Darville Chief Of Staff | Officer | 40 | $243,242 |
Nella Garcia Chief Of Programs | Officer | 40 | $238,406 |
Naveen Pinglay Chief Of Operations | Officer | 40 | $230,294 |
Philip Wright Chief Of Schools | Officer | 40 | $229,423 |
Luis Mena CFO | Officer | 40 | $227,381 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Linbeck Group Llc Construction | 6/29/21 | $28,708,843 |
Preferred Meals Food Service | 6/29/21 | $3,081,115 |
First Student Inc Transportation | 6/29/21 | $2,984,963 |
Abm Janitorial & Facility Services Janitorial Services | 6/29/21 | $1,911,458 |
Kokua Education Inc Subtitute Teacher Services | 6/29/21 | $1,174,738 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,936,399 |
| Related organizations | $0 |
| Government grants | $170,462,215 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,244,873 |
| Noncash contributions included in lines 1a–1f | $596,025 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $181,643,487 |
| Total Program Service Revenue | $18,486,039 |
| Investment income | $1,025,495 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,186 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$98,088 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $201,092,119 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $394,734 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,857,435 |
| Compensation of current officers, directors, key employees. | $434,437 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,298,623 |
| Pension plan accruals and contributions | $3,233,359 |
| Other employee benefits | $7,878,998 |
| Payroll taxes | $1,768,583 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,956 |
| Fees for services: Accounting | $84,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $156,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,240,289 |
| Advertising and promotion | $354,420 |
| Office expenses | $3,808,889 |
| Information technology | $2,475,057 |
| Royalties | $0 |
| Occupancy | $7,019,440 |
| Travel | $340,079 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,350,340 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,921,141 |
| Insurance | $1,004,870 |
| All other expenses | $567,700 |
| Total functional expenses | $177,388,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,265,048 |
| Savings and temporary cash investments | $114,267,547 |
| Pledges and grants receivable | $32,678,504 |
| Accounts receivable, net | $806,844 |
| 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 | $1,183,788 |
| Net Land, buildings, and equipment | $211,643,032 |
| Investments—publicly traded securities | $99,915 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,376,376 |
| Total assets | $367,321,054 |
| Accounts payable and accrued expenses | $18,850,884 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $77,627,782 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $92,339,631 |
| Unsecured mortgages and notes payable | $1,600,000 |
| Other liabilities | $4,209,308 |
| Total liabilities | $194,627,605 |
| Net assets without donor restrictions | $114,474,841 |
| Net assets with donor restrictions | $58,218,608 |
| 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 | $367,321,054 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Yes Prep Public Schools Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
The Powell Foundation Houston, TX PURPOSE: QUALITY K-12 PUBLIC SCHOOLS: QUALITY SCHOOLS AND INNOVATIVE SCHOOL MODELS | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Yes Prep Public Schools Inc Houston, TX | $367,321,054 | $201,092,119 |
The Awty International School Houston, TX | $207,829,354 | $57,840,310 |
Albuquerque Academy Hcsr Albuquerque, NM | $165,817,111 | $34,153,293 |
E-Stem High Public Charter Schools Inc Little Rock, AR | $3,447,253 | $31,404,379 |
Santa Fe Indian School Santa Fe, NM | $90,382,939 | $26,366,608 |
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 |