Intellectus Preparatory Charter School
- Assets
- $1.6m
- Revenue
- $935.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Vernon, NY
- Founding
- Data as of
- 06/2022
- EIN
- 87-1238427
Organization Overview
Intellectus Preparatory Charter School is located in Mount Vernon, NY. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Intellectus Preparatory Charter School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DELIVER AN EQUITABLE EDUCATIONAL EXPERIENCE FOR STUDENTS IN GRADES 6-12. THROUGH EXPERIENTIAL LEARNING, RESTORATIVE PRACTICE AND PERSONAL DEVELOPMENT, SCHOLARS ARE PREPARED TO COMPETE ACADEMICALLY, CONTRIBUTE SOCIALLY, AND CHOOSE THEIR PATHWAY TO COLLEGE AND CAREER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUCCESSFULLY ESTABLISHED CURRICULUM AND KEY OPERATIONAL SYSTEMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheuvaun Vernon Board Chair | OfficerTrustee | 1 | $0 |
Stacy Larson Vice Chair | OfficerTrustee | 1 | $0 |
Terrence Turner Secretary | OfficerTrustee | 1 | $0 |
Rumi Masih Treasurer | OfficerTrustee | 1 | $0 |
Nadia Lopez Trustee | Trustee | 1 | $0 |
Tyrone Mckinney Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $888,185 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,913 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $935,098 |
| Total Program Service Revenue | $0 |
| 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 | $935,198 |
| 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. | $50,000 |
| Compensation of current officers, directors, key employees. | $50,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,533 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25 |
| Payroll taxes | $5,610 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,641 |
| 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 | $71,701 |
| Advertising and promotion | $2,037 |
| Office expenses | $16,267 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $181,332 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,024 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,433 |
| All other expenses | $0 |
| Total functional expenses | $416,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $594,558 |
| Savings and temporary cash investments | $79,063 |
| Pledges and grants receivable | $888,185 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,561,806 |
| Accounts payable and accrued expenses | $136,706 |
| 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 | $906,289 |
| Other liabilities | $0 |
| Total liabilities | $1,042,995 |
| Net assets without donor restrictions | $518,811 |
| 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 | $1,561,806 |