James Madison Preparatory School Inc
- Assets
- $1.1m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 25
- Location
- Tempe, AZ
- Founding
- 07/2000
- Data as of
- 06/2023
- EIN
- 86-0966585
Organization Overview
James Madison Preparatory School Inc is located in Tempe, AZ. The organization was established in 2000. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, James Madison Preparatory School Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. James Madison Preparatory School 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 06/2023, James Madison Preparatory School Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $2.0m during the year ending 06/2023. 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
THE SCHOOL'S MISSION IS TO CHALLENGE COMMITTED STUDENTS WITH A ROBUST, TRADITIONAL EDUCATION EMPHASIZING AMERICA'S HISTORY AND SYSTEM OF GOVERNMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOLS MISSION IS TO CHALLENGE COMMITTED STUDENTS WITH A ROBUST TRADITIONAL EDUCATION, EMPHASIZING AMERICA'S HISTORY AND SYSTEM OF GOVERNMENT. THE SCHOOL PROVIDES EDUCATIONAL SERVICES TO STUDENTS IN GRADES SIX THROUGH TWELVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Batchelder President | OfficerTrustee | 40 | $83,331 |
Debra Caves Vice Preside | OfficerTrustee | 40 | $82,033 |
Amy Schilling Member At La | Trustee | 40 | $66,793 |
Matthew Quigley Employee Rep | Trustee | 40 | $54,043 |
Jessica Blatnick Secretary | OfficerTrustee | 2 | $0 |
Stefanie Levine Parent Repre | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,316,668 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,525 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,372,193 |
| Total Program Service Revenue | $92,244 |
| 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 | $2,464,437 |
| 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. | $303,053 |
| Compensation of current officers, directors, key employees. | $40,535 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $876,729 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $154,082 |
| Payroll taxes | $90,253 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,216 |
| Fees for services: Accounting | $14,506 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $197,258 |
| Advertising and promotion | $7,782 |
| Office expenses | $75,455 |
| Information technology | $13,157 |
| Royalties | $0 |
| Occupancy | $202,868 |
| Travel | $0 |
| 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 | $13,666 |
| Insurance | $15,626 |
| All other expenses | $0 |
| Total functional expenses | $1,968,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $735,687 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $18,233 |
| Accounts receivable, net | $0 |
| 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 | $68,235 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $243,485 |
| Total assets | $1,065,640 |
| Accounts payable and accrued expenses | $72,301 |
| 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 | $29,304 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $226,757 |
| Total liabilities | $328,362 |
| Net assets without donor restrictions | $737,278 |
| 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 | $1,065,640 |