Rutgers Preparatory School
- Assets
- $57.5m
- Revenue
- $30.6m
- Investments
- $0.0
- Employees
- 253
- Location
- Somerset, NJ
- Founding
- 00/0000
- Data as of
- 06/2022
- EIN
- 22-1607926
Organization Overview
Rutgers Preparatory School is located in Somerset, NJ. The organization was established in 0000. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Rutgers Preparatory School employed 253 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rutgers 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, Rutgers Preparatory School generated $30.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $27.9m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRE-KINDERGARTEN THROUGH TWELFTH GRADE CO-EDUCATIONAL INDEPENDENT DAY SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION & INSTRUCTION: EDUCATION AND INSTRUCTION FOR APPROXIMATELY 696 STUDENTS IN GRADES PRE-KINDERGARTEN THROUGH GRADE 12 SERVING SOMERSET COUNTY AND ADJACENT COMMUNITIES.
STUDENT SERVICES - ACTIVITIES (INCLUDING ATHLETICS, STUDENT PUBLICATIONS, DRAMA, CLUBS ETC.)
AUXILIARY ENTERPRISES (INCLUDING SCHOOL STORE, CAFETERIA, INTERNATIONAL PROGRAM, SUMMER CAMPS, AFTER SCHOOL PROGRAMS, GRADUATION).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate Andersen-Sheft Secretary, Trustee | OfficerTrustee | 2 | $0 |
Ana Aymes Trustee | Trustee | 1 | $0 |
Mark A Bean Trustee | Trustee | 1 | $0 |
Della Hammer Cherchia Trustee | Trustee | 1 | $0 |
Andrew K Golden Trustee | Trustee | 1 | $0 |
Christian Husby Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services Inc Food Service | 6/29/22 | $669,708 |
Disousa Contracting Consulting Llc Construction | 6/29/22 | $550,634 |
Graham-pelton Consulting Consulting | 6/29/22 | $108,593 |
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 | $810,233 |
| Noncash contributions included in lines 1a–1f | $142,459 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $810,233 |
| Total Program Service Revenue | $27,985,378 |
| Investment income | $1,245,250 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $87,827 |
| Net Gain/Loss on Asset Sales | -$673 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $30,380 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,642,354 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,179,379 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $898,082 |
| Compensation of current officers, directors, key employees. | $578,991 |
| Compensation to disqualified persons | $66,408 |
| Other salaries and wages | $12,514,426 |
| Pension plan accruals and contributions | $719,430 |
| Other employee benefits | $1,287,074 |
| Payroll taxes | $989,188 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60,181 |
| Fees for services: Accounting | $65,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $146,079 |
| Office expenses | $163,162 |
| Information technology | $219,601 |
| Royalties | $8,610 |
| Occupancy | $420,710 |
| Travel | $24,673 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,583 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,083,855 |
| Insurance | $200,516 |
| All other expenses | $1,163,941 |
| Total functional expenses | $27,921,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,164,151 |
| Savings and temporary cash investments | $1,376,997 |
| Pledges and grants receivable | $370,163 |
| Accounts receivable, net | $130,165 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $116,043 |
| Prepaid expenses and deferred charges | $191,138 |
| Net Land, buildings, and equipment | $15,816,651 |
| Investments—publicly traded securities | $24,680,023 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $654,149 |
| Total assets | $57,499,480 |
| Accounts payable and accrued expenses | $1,654,241 |
| Grants payable | $0 |
| Deferred revenue | $5,982,408 |
| 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 | $194,287 |
| Total liabilities | $7,830,936 |
| Net assets without donor restrictions | $43,007,170 |
| Net assets with donor restrictions | $6,661,374 |
| 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 | $57,499,480 |