Spartanburg Preparatory School
- Assets
- $13.6m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 151
- Location
- Spartanburg, SC
- Founding
- 10/2008
- Data as of
- 06/2022
- EIN
- 20-8133996
Organization Overview
Spartanburg Preparatory School is located in Spartanburg, SC. The organization was established in 2008. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Spartanburg Preparatory School employed 151 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spartanburg 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, Spartanburg Preparatory School generated $7.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $7.7m during the year ending 06/2022. While expenses have increased by 9.7% 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
THE MISSION OF SPARTANBURG PREPARATORY SCHOOL IS TO ENSURE EQUAL ACCESS TO A SUPPORTIVE SCHOOL COMMUNITY THAT PROMOTES HIGH ACADEMIC EXCELLENCE USING AN INQUIRY-BASED APPROACH TO TEACHING. THE SPARTANBURG PREP SCHOOL IS A FREE, PUBLIC SCHOOL THAT SERVES CHILDREN IN GRADES KINDERGARTEN THROUGH EIGHTH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ADMINISTRATION AT SPARTANBURG PREPARATORY SCHOOL HAS IMPLEMENTED A PROFESSIONAL DEVELOPMENT PROGRAM IN ORDER TO BUILD THE CAPACITY OF ITS TEACHERS AND STAFF IN ORDER TO PROMOTE HIGH ACADEMIC EXCELLENCE. HIGH-QUALITY TEACHING IS VITAL FOR STUDENT SUCCESS. OUR PROFESSIONAL DEVELOPMENT IS THE OVERALL MOST IMPORTANT THING WE CAN DO TO HELP STUDENTS LEARN AT SPARTANBURG PREPARATORY SCHOOL. THIS YEAR OUR PROFESSIONAL DEVELOPMENT TOPICS WERE THE FOLLOWING: TEAM BUILDING, RELATIONSHIPS, DIFFERENTIATED INSTRUCTION, AND CLASSROOM MANAGEMENT.
IN ORDER TO BUILD A SUPPORTIVE SCHOOL COMMUNITY, THE ADMINISTRATION OF SPARTANBURG PREPARATORY SCHOOL HAS HELD SEVERAL PARENTAL INVOLVEMENT ACTIVITIES. PARENTAL INVOLVEMENT IS MORE IMPORTANT TO STUDENT SUCCESS, AT EVERY GRADE LEVEL, THAN FAMILY INCOME OR EDUCATION. WE HAVE HELD THE FOLLOWING EVENTS INVITING OUR FAMILIES INTO SPARTANBURG PREP: DONUTS FOR DADS, MUFFINS FOR MOMS, GRANDPARENTS' DAY, MONTHLY AWARD ASSEMBLIES, RIBBON CUTTING & DEDICATION, AND GRADUATION CEREMONIES.
THE ADMINISTRATION AT SPARTANBURG PREPARATORY SCHOOL HAS ENSURED A SUPPORTIVE SCHOOL COMMUNITY BY ALSO PROVIDING AFTER SCHOOL TUTORING AND SUPPORT TO STUDENTS. AFTER SCHOOL TUTORING IS PROVIDED TO STUDENTS IN THIRD THROUGH EIGHTH GRADE BY GRADE LEVEL TEACHERS. RESEARCH SHOWS THAT MENTORING HAS A POSITIVE EFFECT ON ACADEMIC ACHIEVEMENT, AND THAT STUDENTS ACQUIRE GOOD OR BAD HABITS BASED ON BEHAVIORS MODELED IN THEIR ENVIRONMENT. RESEARCH ALSO SHOWS THAT ACADEMIC ACHIEVEMENT IMPROVES WHEN STUDENTS ARE GIVEN LESSONS ON SUPPLEMENTAL SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tomikia Whitmire Executive Director | Officer | 40 | $109,168 |
Mendy Mossbrook Board Chair | OfficerTrustee | 0.5 | $0 |
Talia Byrd Vice Chair | OfficerTrustee | 0.5 | $0 |
Angela Anderson Treasurer | OfficerTrustee | 0.5 | $0 |
Wendy Hines Secretary | OfficerTrustee | 0.5 | $0 |
Samantha Mcelveen Ex-Officio | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sterling Computers Computer Repair | 6/29/21 | $109,082 |
Chartwells School Dining Services Food Purchases | 6/29/21 | $167,035 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,956,644 |
| All other contributions, gifts, grants, and similar amounts not included above | $500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,957,144 |
| Total Program Service Revenue | $517,799 |
| Investment income | $942 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $300 |
| Net Gain/Loss on Asset Sales | $1,707 |
| Net Income from Fundraising Events | $7,278 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,485,170 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,991,370 |
| Pension plan accruals and contributions | $133,993 |
| Other employee benefits | $552,258 |
| Payroll taxes | $318,351 |
| Fees for services: Management | $88,241 |
| Fees for services: Legal | $24,323 |
| 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 | $15,925 |
| Advertising and promotion | $26,764 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $416,761 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $748,097 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $368,536 |
| Insurance | $17,717 |
| All other expenses | $124,329 |
| Total functional expenses | $7,658,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,710,292 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $61,686 |
| Net Land, buildings, and equipment | $8,906,740 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $944,734 |
| Total assets | $13,623,452 |
| Accounts payable and accrued expenses | $853,522 |
| Grants payable | $0 |
| Deferred revenue | $6,352 |
| Tax-exempt bond liabilities | $11,365,146 |
| 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 | $3,484 |
| Total liabilities | $12,228,504 |
| Net assets without donor restrictions | $2,261,813 |
| Net assets with donor restrictions | -$866,865 |
| 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 | $13,623,452 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Spartanburg Preparatory School has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Spartanburg County Foundation Spartanburg, SC PURPOSE: EDUCATIONAL | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James Island Charter High School Charleston, SC | $22,889,433 | $20,877,381 |
Legacy Early College Greenville, SC | $11,865,335 | $23,115,805 |
Pine Lake Preparatory Inc Mooresville, NC | $43,880,592 | $18,139,159 |
Uwharrie Green School Inc Asheboro, NC | $37,750,042 | $15,359,750 |
Bradford Preparatory School Charlotte, NC | $43,531,972 | $16,692,910 |
Triangle Charter Education Association Inc Cary, NC | $23,775,884 | $15,148,719 |
Invest Collegiate Imagine Inc Asheville, NC | $38,770,080 | $14,359,175 |
Henderson Collegiate Henderson, NC | $34,215,458 | $16,220,503 |
Coastal Plains Education Center Inc Metter, GA | $21,944,449 | $17,839,473 |
Mountain Island Charter School Inc Mount Holly, NC | $10,307,817 | $15,645,892 |
High Point Academy Inc Spartanburg, SC | $32,871,458 | $16,108,414 |
Wesley International Academy Inc Atlanta, GA | $9,201,005 | $14,194,787 |