Signature Preparatory Inc
- Assets
- $33.4m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 104
- Location
- Henderson, NV
- Founding
- 11/2019
- Data as of
- 06/2022
- EIN
- 83-2846433
Organization Overview
Signature Preparatory Inc is located in Henderson, NV. The organization was established in 2019. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Signature Preparatory Inc employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Signature Preparatory 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, Signature Preparatory Inc generated $8.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $8.9m during the year ending 06/2022. While expenses have increased by 17.9% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SIGNATURE PREPARATORY'S MAJOR OPERATION IS TO OFFER AN EDUCATIONAL ENVIRONMENT WHERE LEARNING IS MAXIMIZED THROUGH INDIVIDUAL INSTRUCTION, INTERDISCIPLINARY PROJECTS AND ACCESS TO A FULL SPECTRUM OF TECHNOLOGICAL RESOURCES FOR KINDERGARTEN THROUGH EIGHTH GRADE IN SOUTHERN NEVADA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SIGNATURE PREPARATORY'S MAJOR OPERATION IS TO OFFER AN EDUCATIONAL ENVIRONMENT WHERE LEARNING IS MAXIMIZED THROUGH INDIVIDUAL INSTRUCTION, INTERDISCIPLINARY PROJECTS AND ACCESS TO A FULL SPECTRUM OF TECHNOLOGICAL RESOURCES FOR KINDERGARTEN THROUGH EIGHTH GRADE IN SOUTHERN NEVADA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Olsen Chair | OfficerTrustee | 2 | $320 |
Jessie Phee Vice Chair | OfficerTrustee | 2 | $240 |
David Alleman Treasurer | OfficerTrustee | 2 | $0 |
Linda Rolle Secretary | OfficerTrustee | 2 | $640 |
Ramon Prieto Jr Board Member | Trustee | 1 | $240 |
Carey Roybal-Benson School Director | 40 | $126,734 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc & Affiliates Food Service | 6/29/22 | $318,062 |
Charter One Llc Management Services | 6/29/22 | $722,787 |
Troop Ready To Educate Contract Teachers | 6/29/22 | $124,370 |
Foundations Developmental House Sped Services | 6/29/22 | $127,157 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,166,805 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,964 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,219,769 |
| Total Program Service Revenue | $7,163,118 |
| 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 | $8,399,655 |
| 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. | $173,629 |
| Compensation of current officers, directors, key employees. | $173,629 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,256,364 |
| Pension plan accruals and contributions | $924,246 |
| Other employee benefits | $208,599 |
| Payroll taxes | $146,413 |
| Fees for services: Management | $1,043,175 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $124,370 |
| Advertising and promotion | $64,240 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $126,948 |
| Travel | $1,490 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,194,414 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $574,006 |
| Insurance | $57,468 |
| All other expenses | $151,986 |
| Total functional expenses | $8,915,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $391,259 |
| Savings and temporary cash investments | $2,313,632 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,104,086 |
| 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 | $38,118 |
| Net Land, buildings, and equipment | $23,687,552 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,875,440 |
| Total assets | $33,410,087 |
| Accounts payable and accrued expenses | $436,681 |
| 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 | $33,609,504 |
| Total liabilities | $34,046,185 |
| Net assets without donor restrictions | -$636,098 |
| 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 | $33,410,087 |