Valley Preparatory School
- Assets
- $1.9m
- Revenue
- $2.2m
- Investments
- $905.4k
- Employees
- 38
- Location
- Redlands, CA
- Founding
- 08/1959
- Data as of
- 06/2021
- EIN
- 95-2001588
Organization Overview
Valley Preparatory School is located in Redlands, CA. The organization was established in 1959. 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 06/2021, Valley Preparatory School employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley 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 06/2021, Valley Preparatory School generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $1.9m during the year ending 06/2021. While expenses have increased by 2.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF VALLEY PREPARATORY SCHOOL IS TO INSPIRE EACH STUDENT TO REACH HIS/HER POTENTIAL THROUGH A STUDENT-CENTERED, ENRICHED COLLEGE PREPARATORY EDUCATIONAL PROGRAM FOR GRADES PRE-SCHOOL THROUGH EIGHT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIMARY EDUCATION FOR PRESCHOOL THROUGH EIGHTH GRADE. AVERAGE ENROLLMENT IS 156 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Black Head Of School | Officer | 40 | $133,444 |
Mary Jo Holmes President | OfficerTrustee | 7 | $0 |
Denise Bourne Vice President | OfficerTrustee | 2 | $0 |
Jeff Martinez Treasurer | OfficerTrustee | 2 | $0 |
Shaheen Zakaria Secretary | OfficerTrustee | 2 | $0 |
Mary Jane Auerbacher Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,949 |
| Investment income | $34,622 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$17,495 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $146 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,151,177 |
| Statement of Expenses | |
|---|---|
| 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. | $133,444 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,134,240 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $73,131 |
| Payroll taxes | $99,489 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $450 |
| Fees for services: Accounting | $29,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,565 |
| Advertising and promotion | $33,821 |
| Office expenses | $45,564 |
| Information technology | $50,100 |
| Royalties | $0 |
| Occupancy | $127,309 |
| 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 | $61,574 |
| Insurance | $23,940 |
| All other expenses | $0 |
| Total functional expenses | $1,945,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $576,645 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,744 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,825 |
| Prepaid expenses and deferred charges | $2,513 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $905,434 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,917,590 |
| Accounts payable and accrued expenses | $37,684 |
| Grants payable | $0 |
| Deferred revenue | $274,327 |
| 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 | $290,518 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $300 |
| Total liabilities | $602,829 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,314,761 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Valley Preparatory School has recieved totaling $10,392.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $9,890 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $502 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Day School Inc San Francisco, CA | $48,363,638 | $20,220,768 |
Great Valley Academy Modesto, CA | $24,077,962 | $19,349,620 |
San Francisco Day School San Francisco, CA | $90,241,572 | $23,860,788 |
Dr Miriam And Sheldon G Adelson Educational Institute Las Vegas, NV | $45,249,882 | $16,559,222 |
Synapse School Menlo Park, CA | $20,691,097 | $17,078,899 |
Mark Day School San Rafael, CA | $46,409,583 | $18,444,024 |
Hillbrook School Los Gatos, CA | $32,644,985 | $20,493,868 |
Heights Christian Schools La Habra Heights, CA | $13,507,090 | $16,795,259 |
Griffin Technology Academies Vallejo, CA | $23,322,546 | $19,613,805 |
Valley Christian School System Cerritos, CA | $15,496,227 | $17,847,318 |
Redlands Christian School Redlands, CA | $36,719,487 | $19,631,459 |
John Thomas Dye School Los Angeles, CA | $79,181,916 | $17,060,481 |