Flintridge Preparatory School
- Assets
- $79.9m
- Revenue
- $27.7m
- Investments
- $0.0
- Employees
- 210
- Location
- La Canada Flintridge, CA
- Founding
- 08/1953
- Data as of
- 06/2022
- EIN
- 95-1643324
Organization Overview
Flintridge Preparatory School is located in La Canada Flintridge, CA. The organization was established in 1953. 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 06/2022, Flintridge Preparatory School employed 210 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flintridge 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 06/2022, Flintridge Preparatory School generated $27.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $27.8m during the year ending 06/2022. While expenses have increased by 5.4% 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
INDEPENDENT, COEDUCATIONAL DAY SCHOOL FOR GRADES 7-12, COMMITTED TO CREATING AN ENVIRONMENT THAT VALUES ETHICAL AND EMOTIONAL DEVELOPMENT AS EQUALLY IMPORTANT TO INTELLECTUAL DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLINTRIDGE PREPARATORY SCHOOL (THE SCHOOL), LOCATED IN LA CANADA FLINTRIDGE, CALIFORNIA, IS A COEDUCATIONAL, NONSECTARIAN, INDEPENDENT DAY SCHOOL FOR GRADES 7-12. THE SCHOOL WAS FOUNDED IN 1933 AND ACCREDITED BY THE CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOLS (CAIS). ANNUAL ENROLLMENT IS APPROXIMATELY 530 STUDENTS, WITH AN AVERAGE CLASS SIZE OF 15 AND A STUDENT-FACULTY RATIO OF 8:1.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristina M Leslie Chair | OfficerTrustee | 2 | $0 |
Rob Tolleson Vice Chair | OfficerTrustee | 2 | $0 |
Daniel Murray Treasurer | OfficerTrustee | 2 | $0 |
John Wong Jr Secretary | OfficerTrustee | 2 | $0 |
Chantal Bennett Trustee | Trustee | 2 | $0 |
Chanel Boutakidis Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
R Con General Building General Contracting | 6/29/22 | $1,030,234 |
G O P Electric Electrical Contractor | 6/29/22 | $296,857 |
American Guard Services Inc Security | 6/29/22 | $190,619 |
Allen Matkins Leck Gamble Mallory & Nats Lawyers | 6/29/22 | $129,145 |
Progressive Consulting Services Professional Management Consulting | 6/29/22 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $321,950 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,577,979 |
| Noncash contributions included in lines 1a–1f | $225,112 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,899,929 |
| Total Program Service Revenue | $22,087,416 |
| Investment income | $533,275 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$48,099 |
| Net Gain/Loss on Asset Sales | $1,792,164 |
| Net Income from Fundraising Events | -$82,795 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,718,282 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,533,133 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $828,130 |
| Compensation of current officers, directors, key employees. | $828,130 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,860,108 |
| Pension plan accruals and contributions | $609,229 |
| Other employee benefits | $1,397,533 |
| Payroll taxes | $861,879 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $362,796 |
| Fees for services: Accounting | $31,185 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $394 |
| Fees for services: Investment Management | $112,745 |
| Fees for services: Other | $227,932 |
| Advertising and promotion | $161,232 |
| Office expenses | $1,014,031 |
| Information technology | $230,282 |
| Royalties | $0 |
| Occupancy | $1,513,301 |
| Travel | $188,854 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $214,374 |
| Interest | $105,482 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,987,260 |
| Insurance | $314,058 |
| All other expenses | $0 |
| Total functional expenses | $27,790,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,372,164 |
| Savings and temporary cash investments | $1,753,463 |
| Pledges and grants receivable | $946,043 |
| Accounts receivable, net | $2,180 |
| 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 | $186,923 |
| Net Land, buildings, and equipment | $36,654,548 |
| Investments—publicly traded securities | $33,472,791 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,491,364 |
| Total assets | $79,879,476 |
| Accounts payable and accrued expenses | $1,643,465 |
| Grants payable | $0 |
| Deferred revenue | $5,388,971 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $12,262 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,171,053 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,491,364 |
| Total liabilities | $11,707,115 |
| Net assets without donor restrictions | $49,749,035 |
| Net assets with donor restrictions | $18,423,326 |
| 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 | $79,879,476 |