Signature Preparatory Inc
- Assets
- $28.2m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 78
- Location
- Henderson, NV
- Founding
- 11/2019
- Data as of
- 06/2021
- 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 06/2021, Signature Preparatory Inc employed 78 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 06/2021, Signature Preparatory Inc generated $7.4m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $7.1m during the year ending 06/2021. While expenses have increased by 14.1% per year over the past 2 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
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carey Roybal-Benson School Director | 40 | $126,184 | |
Michael Olsen Chair | OfficerTrustee | 2 | $640 |
Linda Rolle Secretary | OfficerTrustee | 2 | $400 |
Jessie Phee Vice Chair | OfficerTrustee | 2 | $320 |
Taylor Randolph Treasurer | OfficerTrustee | 2 | $0 |
Gabe Shirey Executive Director | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc & Affiliates Food Service | 6/29/21 | $155,129 |
Charter One Llc Management Services | 6/29/21 | $562,313 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,434,541 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,217 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,437,758 |
| Total Program Service Revenue | $5,930,844 |
| 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 | $7,370,266 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,715,346 |
| Pension plan accruals and contributions | $801,870 |
| Other employee benefits | $171,179 |
| Payroll taxes | $120,309 |
| Fees for services: Management | $776,133 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,524 |
| Advertising and promotion | $67,841 |
| Office expenses | $0 |
| Information technology | $78,609 |
| Royalties | $0 |
| Occupancy | $108,481 |
| Travel | $436 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,153,681 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $472,151 |
| Insurance | $49,797 |
| All other expenses | $39,850 |
| Total functional expenses | $7,088,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $451,836 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $890,176 |
| 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 | $58,438 |
| Net Land, buildings, and equipment | $22,223,024 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,529,626 |
| Total assets | $28,153,100 |
| Accounts payable and accrued expenses | $221,431 |
| 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 | $28,051,513 |
| Total liabilities | $28,272,944 |
| Net assets without donor restrictions | -$119,844 |
| 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 | $28,153,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Synergy Academies Los Angeles, CA | $22,403,920 | $21,618,793 |
San Diego Jewish Academy San Diego, CA | $60,657,178 | $18,702,706 |
Curtis School Foundation Los Angeles, CA | $75,927,733 | $19,348,920 |
Excel Academy Charter Schools San Marcos, CA | $11,403,735 | $18,058,297 |
Le Lycee Francais De Los Angeles Los Angeles, CA | $97,517,378 | $23,043,510 |
Oregonians For Online Education Inc Scio, OR | $4,402,348 | $19,081,202 |
Willows Community School Culver City, CA | $69,044,375 | $19,353,304 |
Head Start Of Lane County Springfield, OR | $2,527,429 | $16,579,600 |
Hawking Steam Charter Schools Inc Chula Vista, CA | $87,803,315 | $18,115,527 |
Stem Preparatory Schools Inc Los Angeles, CA | $15,250,781 | $22,306,511 |
San Jacinto Valley Academy Inc San Jacinto, CA | $34,100,540 | $18,923,540 |
Delphi Schools Inc Sheridan, OR | $68,746,624 | $17,868,394 |