Sandia School
- Assets
- $27.6m
- Revenue
- $14.9m
- Investments
- $0.0
- Employees
- 247
- Location
- Albuquerque, NM
- Founding
- 08/1967
- Data as of
- 07/2022
- EIN
- 85-0196115
Organization Overview
Sandia School, operating under the name Sandia Preparatory School, is located in Albuquerque, NM. The organization was established in 1967. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 07/2022, Sandia Preparatory School employed 247 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sandia Preparatory School 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 07/2022, Sandia Preparatory School generated $14.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $14.4m during the year ending 07/2022. While expenses have increased by 0.2% per year over the past 7 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
ACADEMICS ARE OUR TOP PRIORITY, BALANCE IS OUR CORE VALUE, AND COMMUNITY MAKES US WHO WE ARE. OUR CHALLENGING, INNOVATIVE PROGRAM PREPARES EACH STUDENT FOR SUCCESS IN COLLEGE - AND BEYOND - AND INSPIRES EACH STUDENT TO FIND AND ACHIEVE HIS OR HER PURPOSE IN THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION - SANDIA PREP IS AN INDEPENDENT PRIVATE SCHOOL THAT SERVES APPROXIMATELY 515 DAY STUDENTS IN GRADES 6-12. SANDIA PREP PROVIDES REMARKABLE OPPORTUNITIES FOR INTELLECTUAL AND PERSONAL GROWTH WITHIN A CHALLENGING AND BALANCED PROGRAM. OUR INNOVATIVE COLLEGE PREP CURRICULUM PREPARES STUDENTS FOR SUCCESS IN COLLEGE AND BEYOND, AND INSPIRES EACH TO FIND AND ACHIEVE HIS OR HER PURPOSE IN THE WORLD.
FINANCIAL ASSISTANCE - SANDIA PREP PROVIDES TUITION REMISSION AND FINANCIAL ASSISTANCE TO STUDENTS WHO WOULD NOT OTHERWISE BE ABLE TO ATTEND. THE FINANCIAL ASSISTANCE EXPENSES HELP FAMILIES PAY FOR THEIR STUDENTS TO ATTEND SANDIA PREP AND COMPRISE 40% OF THE STUDENT BODY.
SUMMER PROGRAMS - SANDIA PREP OFFERS A SUMMER PROGRAM THAT PROVIDES A SAFE AND EDUCATIONALLY CHALLENGING ENVIRONMENT FOR YOUNGER STUDENTS AND OUR CURRENT STUDENTS. THE SUMMER PROGRAM RECENTLY SERVED 500 STUDENTS FROM AGES 5 TO 16.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Calkins Chair | OfficerTrustee | 5 | $0 |
Kristofor Kite Trustee | Trustee | 5 | $0 |
Ed Manzanares Trustee | Trustee | 5 | $0 |
Doug Clark Trustee | Trustee | 5 | $0 |
Dale Maxwell Trustee | Trustee | 5 | $0 |
Lisa Mitchell Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $217,685 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,185,815 |
| Noncash contributions included in lines 1a–1f | $259,157 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,403,500 |
| Total Program Service Revenue | $12,662,357 |
| Investment income | $181,559 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,154 |
| Net Gain/Loss on Asset Sales | $254,934 |
| Net Income from Fundraising Events | -$7,161 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,904,182 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,946,086 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $404,158 |
| Compensation of current officers, directors, key employees. | $232,331 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,508,656 |
| Pension plan accruals and contributions | $221,033 |
| Other employee benefits | $492,903 |
| Payroll taxes | $449,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,807 |
| Fees for services: Accounting | $72,115 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,283 |
| Fees for services: Other | $11,340 |
| Advertising and promotion | $99,891 |
| Office expenses | $0 |
| Information technology | $197,874 |
| Royalties | $0 |
| Occupancy | $301,594 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $246,971 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,037,983 |
| Insurance | $175,893 |
| All other expenses | $678,911 |
| Total functional expenses | $14,403,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,951 |
| Savings and temporary cash investments | $4,531,888 |
| Pledges and grants receivable | $396,548 |
| Accounts receivable, net | $101,319 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $146,397 |
| Prepaid expenses and deferred charges | $145,978 |
| Net Land, buildings, and equipment | $13,913,632 |
| Investments—publicly traded securities | $8,329,404 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,373 |
| Total assets | $27,571,490 |
| Accounts payable and accrued expenses | $351,850 |
| Grants payable | $0 |
| Deferred revenue | $4,204,696 |
| Tax-exempt bond liabilities | $5,031,806 |
| 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 | $486,983 |
| Total liabilities | $10,075,335 |
| Net assets without donor restrictions | $9,551,907 |
| Net assets with donor restrictions | $7,944,248 |
| 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 | $27,571,490 |