University Prepartory Charter
- Assets
- $9.0m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 118
- Location
- Rochester, NY
- Founding
- 04/2011
- Data as of
- 06/2023
- EIN
- 80-0257911
Organization Overview
University Prepartory Charter is located in Rochester, NY. The organization was established in 2011. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, University Prepartory Charter employed 118 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Prepartory Charter 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 06/2023, University Prepartory Charter generated $7.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $8.1m during the year ending 06/2023. While expenses have increased by 4.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOR THE ESTABLISH AN EDUCATION OPTION FOR YOUNG MEN IN THE CITY OF ROCHESTER WITH ENGAGING LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REGULAR EDUCATION: THE SCHOOL CURRICULUM ENCOURAGES AND PROMOTES YOUNG MEN TO BE INVOLVED, TO BE ACTIVE IN THEIR LEARNING, AND LEARN TOGETHER. THE SCHOOL PROVIDES PREPARATION NOT JUST FOR GRADUATION, BUT FOR SUCCESS IN COLLEGE. IT IS ALSO A PLACE FOR YOUNG MEN TO PLAY SPORTS AND ENGAGE IN EXCITING, HEALTHY EXTRACURRICULAR ACTIVITIES. ALL COURSES ALIGN WITH THE NEW YORK STATE LEARNING STANDARDS. THE SCHOOL RECEIVED $1,214,195 GRANT CONTRIBUTIONS FROM THE FEDERAL AND STATE EDUCATION DEPARTMENTS FOR THEIR REGULAR EDUCATION PROGRAM.
SPECIAL EDUCATION: THE SCHOOL IS OPEN TO ALL CHILDREN AND DOES NOT DISCRIMINATE ON THE BASIS OF ETHNICITY, NATIONAL ORIGIN, GENDER, DISABILITY, OR ANY OTHER GROUNDS THAT WOULD BE UNLAWFUL OR DENY THE CIVIL RIGHTS OF ANY INDIVIDUAL. IN ACCORDANCE WITH THE INDIVIDUALS WITH DISABILITIES EDUCATION ACT, THE REHABILITATION ACT, AND SECTION 504, AND THE AMERICANS WITH DISABILITIES ACT, THE SCHOOL PROVIDES A FREE AND APPROPRIATE EDUCATION, IN THE LEAST RESTRICTIVE ENVIRONMENT, TO STUDENTS WITH DISABILITIES. THE PRIMARY SERVICE DELIVERY FOR STUDENTS WITH SPECIAL NEEDS IS INCLUSION. FOR STUDENTS REQUIRING SUPPLEMENTAL SERVICES, THE SCHOOL CONTRACTS WITH LOCAL INDIVIDUALS OR AGENCIES TO PROVIDE THE REQUIRED SERVICES OUTLINED IN THE STUDENT'S INDIVIDUAL EDUCATION PLAN OR 504 PLAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Edward Yansen Board President | OfficerTrustee | 0.6 | $0 |
Sharon Delly Secretary | OfficerTrustee | 0.6 | $0 |
Dr George Bovenzi Member | Trustee | 0.6 | $0 |
Dr David Shakes Member | Trustee | 0.6 | $0 |
Dr Wandah Gibbs Member | Trustee | 0.6 | $0 |
Dr Larry Ellison 2nd Vice President | OfficerTrustee | 0.6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,214,195 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,377 |
| Noncash contributions included in lines 1a–1f | $42,530 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,338,572 |
| Total Program Service Revenue | $6,429,542 |
| Investment income | $13,624 |
| 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 | $7,793,879 |
| 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. | $383,216 |
| Compensation of current officers, directors, key employees. | $383,216 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,648,350 |
| Pension plan accruals and contributions | $426,534 |
| Other employee benefits | $599,140 |
| Payroll taxes | $402,269 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,848 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $419,841 |
| Advertising and promotion | $10,447 |
| Office expenses | $73,788 |
| Information technology | $23,315 |
| Royalties | $0 |
| Occupancy | $260,627 |
| Travel | $23,242 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,072 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $412,424 |
| Insurance | $35,639 |
| All other expenses | $2,526 |
| Total functional expenses | $8,099,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,831,923 |
| Savings and temporary cash investments | $14,022 |
| Pledges and grants receivable | $600,675 |
| Accounts receivable, net | $13,658 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,906,159 |
| Investments—publicly traded securities | $1,500,327 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100,000 |
| Total assets | $8,966,764 |
| Accounts payable and accrued expenses | $1,127,321 |
| 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 | $90,000 |
| Total liabilities | $1,217,321 |
| Net assets without donor restrictions | $7,738,824 |
| Net assets with donor restrictions | $10,619 |
| 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 | $8,966,764 |