Granada Preparatory School Inc
- Assets
- $1.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 69
- Location
- Chatsworth, CA
- Founding
- 04/1980
- Data as of
- 06/2023
- EIN
- 95-3257811
Organization Overview
Granada Preparatory School Inc is located in Chatsworth, CA. The organization was established in 1980. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2023, Granada Preparatory School Inc employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Granada 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, Granada Preparatory School Inc generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $2.4m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 8 years. 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
GRANADA PREPARATORY SCHOOL'S MISSION IS TO TEACH OUR STUDENTS TO THINK CREATIVELY, ACT RESPONSIBLY, AND BUILD COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANADA PREPARTORY SCHOOL IS THE RESULT OF THE UNION OF TWO OUTSTANDING SCHOOLS THAT HAVE BEEN OPERATING IN THE SAN FERNANDO VALLEY FOR OVER 40 YEARS.CHATSWORTH HILLS ACADEMY HAS BEEN EDUCATING STUDENTS FROM PRESCHOOL TO 8TH GRADE SINCE 1977 AND IS A DESIGNATED WORLD SCHOOL, AUTHORIZED BY THE INTERNATIONAL BACCALAUREATE OFFICE FOR BOTH THE PRIMARY YEARS PROGRAM (PYP) AND MIDDLE YEARS PROGRAM (MYP). THE IB IS CONSIDERED TO BE THE GOLD STANDARD IN THE WORLD OF EDUCATION TODAY AND ENSURES THAT STUDENTS ARE PREPARED FOR SUCCESS IN THE TOP HIGH SCHOOL AND POST SECONDARY PROGRAMS IN THE USA AND BEYOND.FIRST PRESBYTERIAN SCHOOL HAS AN OUTSTANDING PRESCHOOL PROGRAM AND IS KNOWN FOR TEACHING STRONG PERSONAL VALUES AND CREATING A WARM AND CARING COMMUNITY.GRANADA PREPARTORY SCHOOL COMBINES THE STRENGTHS OF BOTH SCHOOLS WITH A COMMON VISION THAT OUR STUDENTS WILL BE KIND, CREATIVE, COMPASSIONATE, LIFE-LONG LEARNERS INSPIRED TO TAKE SHARED GUARDIANSHIP OF THE PLANET AND CREATE A BETTER WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Shibel Head Of School | Trustee | 40 | $117,227 |
Akbaroff Kaila Bus. Manager | Officer | 40 | $80,352 |
Sillerud Jim President | OfficerTrustee | 2 | $0 |
Sutherland Janika Trustee | Trustee | 1 | $0 |
Herbst Lew Treasurer | OfficerTrustee | 1 | $0 |
Bryant Michael Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,860 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,860 |
| Total Program Service Revenue | $2,375,508 |
| Investment income | $69 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,760 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,424,569 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $179,210 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $204,664 |
| Compensation of current officers, directors, key employees. | $204,664 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,160,410 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $92,477 |
| Payroll taxes | $105,453 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,973 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,971 |
| Advertising and promotion | $47,250 |
| Office expenses | $50,898 |
| Information technology | $41,907 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,336 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,374 |
| Insurance | $45,480 |
| All other expenses | $41,950 |
| Total functional expenses | $2,404,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,051,708 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $129,084 |
| 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 | $59,166 |
| Net Land, buildings, and equipment | $33,497 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,273,455 |
| Accounts payable and accrued expenses | $188,058 |
| Grants payable | $0 |
| Deferred revenue | $626,007 |
| 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 | $0 |
| Other liabilities | $23,199 |
| Total liabilities | $837,264 |
| Net assets without donor restrictions | $436,191 |
| 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 | $1,273,455 |