California Preparatory College Inc
- Assets
- $7.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 13
- Location
- San Bernardino, CA
- Founding
- 05/2018
- Data as of
- 06/2022
- EIN
- 80-0694871
Organization Overview
California Preparatory College Inc is located in San Bernardino, CA. The organization was established in 2018. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2022, California Preparatory College Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Preparatory College 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 06/2022, California Preparatory College Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 2 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
PROVIDE LOW COST A NONDENOMINATIONAL CHRISTIAN EDUCATION OF COLLEGIATE LEVEL TO PUBLIC IN FORM OF ASSOCIATE DEGREE AND RELATED CERTIFICATES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LARGEST PROGRAM IS WESTERN HEALTHCARE PRACTICE AND COMMUNICATION. THE PURPOSE IS TO PROVIDE TRAINING PLATFORM FOR INTERNATIONAL NURSES TO BECOME LICENSE NURSES IN THE UNITED STATE OF AMERICA. THIS GIVE THEM CHANCE FOR CAREER ADVANCEMENT AND INCREASE EARNING. IT HELP PROVIDE MUCH NEEDED NURSES FOR CALIFORNIA AND OTHER STATES. IT IS ABOUT 60% OF OUR PROGRAM EXPENSES. THE TOTAL STUDENT PARTICIPATE IN THIS PROGRAM ARE 100 AND ABOUT 25 EARNED THEIR LICENSE THIS YEAR.
THE SECOND PROGRAM IS ASSOCIATE DEGREE IN HEALTH SCIENCE AND BUSINESS. IT IS ABOUT 25% OF OUR PROGRAM AND ENROLLED ABOUT 20 TO 30 STUDENTS. FROM THAT 15 COMPLETED IT THIS YEAR AND TRANSFERRED ON TO BACHELOR DEGREES PROGRAM IN FOUR YEAR COLLEGES. THESE STUDENTS ARE MOSTLY LOW INCOME AMERICAN AND RECEIVED MAJORITY OF THE SUPPORT THROUGH OUR STUDENT SUPPORT EXPENSES.
THE REMAINING 15% OF STUDENTS ARE ENROLLED AS ESL STUDENTS. THEY ARE MOSTLY INTERNATIONAL STUDENTS AND SOME AMERICAN STUDENTS WHO ARE IN NEED TO IMPROVE THEIR ENGLISH PROFICIENCY. ABOUT 5 TO 15 STUDENTS ARE ENROLLED IN THIS PROGRAM. EACH YEAR ALMOST ALL OF THE AMERICAN IN THE PROGRAM RECEICE SUPPORT. THE REMAINING STUDENT SUPPORT EXPENSES THAT DO NOT GO TOWARD THE ASSOCIATE DEGREE PROGRAM GOES TO THE AMERICAN IN THIS PROGRAM
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Ellsman Board Chair | Trustee | $0 | |
Joel D Peterson Board Member | Trustee | $0 | |
Gary Mupas Board Member | Trustee | $0 | |
Trey Weatherall Board Member | Trustee | $0 | |
Gene Edelbach CEO | Officer | 24 | $3,115 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $180,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $180,000 |
| Total Program Service Revenue | $1,064,399 |
| Investment income | $0 |
| 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 | $1,244,399 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $123,709 |
| Grants and other assistance to Foreign Orgs/Individuals | $494,837 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,115 |
| Compensation of current officers, directors, key employees. | $3,115 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $199,252 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,044 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $96,521 |
| Advertising and promotion | $11,119 |
| Office expenses | $40,645 |
| Information technology | $3,975 |
| Royalties | $0 |
| Occupancy | $240,533 |
| Travel | $6,101 |
| 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 | $0 |
| Insurance | $2,814 |
| All other expenses | $2,299 |
| Total functional expenses | $1,233,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,662 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $629,223 |
| 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 | $8,250 |
| Net Land, buildings, and equipment | $24,254 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,000,000 |
| Other assets | $0 |
| Total assets | $7,669,389 |
| Accounts payable and accrued expenses | $199,758 |
| 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 | $33,686 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,328,297 |
| Other liabilities | $5,577,065 |
| Total liabilities | $7,138,806 |
| Net assets without donor restrictions | $530,583 |
| 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 | $7,669,389 |