Community Preparatory School
- Assets
- $48.0m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 32
- Location
- Providence, RI
- Founding
- 12/1992
- Data as of
- 06/2022
- EIN
- 22-2485332
Organization Overview
Community Preparatory School is located in Providence, RI. The organization was established in 1992. 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 06/2022, Community Preparatory School employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community 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, Community Preparatory School generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $3.2m during the year ending 06/2022. While expenses have increased by 4.1% 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
PRIVATE SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDEPENDENT MIDDLE SCHOOL SERVING RI AREA YOUTH IN GRADES 4 TO 8. THE SCHOOL EMPHASIZES INDIVIDUAL ATTENTION AND PARENTAL INVOLVEMENT.
AFTERSCHOOL AND SUMMER PREP PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Corley Head Of School | Officer | 40 | $131,898 |
Lisa Dantas Director Of Development | Officer | 40 | $107,075 |
Fla Lewis III Treasurer | OfficerTrustee | 1 | $0 |
A Max Kohlenberg Vice Chair | OfficerTrustee | 0.5 | $0 |
Merle Goldstein Vice Chair | OfficerTrustee | 0.5 | $0 |
Piers Curry Secretary | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,002,640 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,007,640 |
| Total Program Service Revenue | $503,606 |
| Investment income | $1,015,811 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $183,429 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $96,412 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,811,183 |
| 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 | $1,849,995 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $292,267 |
| Payroll taxes | $165,183 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,022 |
| Fees for services: Accounting | $20,442 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,412 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $48,047 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $300,318 |
| 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 | $205,493 |
| Insurance | $60,164 |
| All other expenses | $67,747 |
| Total functional expenses | $3,215,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,014,837 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,416 |
| Accounts receivable, net | $29,294 |
| 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 | $54,273 |
| Net Land, buildings, and equipment | $6,565,214 |
| Investments—publicly traded securities | $33,374,163 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $48,039,197 |
| Accounts payable and accrued expenses | $235,206 |
| Grants payable | $0 |
| Deferred revenue | $237,600 |
| 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 | $4,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,321 |
| Total liabilities | $4,481,127 |
| Net assets without donor restrictions | $20,888,218 |
| Net assets with donor restrictions | $22,669,852 |
| 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 | $48,039,197 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Community Preparatory School has recieved totaling $10,500.
| Awarding Organization | Amount |
|---|---|
The Harry M Miriam C & William C Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $5,000 |
Csp Charitable Foundation Boston, MA PURPOSE: CHARITABLE | $5,000 |
K P & Phoebe Tsolainos Foundation Inc Potomac, MD PURPOSE: GENERAL PURPOSES | $500 |
Endowment Analysis
| Beg. Balance | $27,122,051 |
| Ending Balance | $27,122,051 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lycee International De Boston International School Of Boston Inc Cambridge, MA | $37,411,967 | $19,857,918 |
Fenn School Inc Concord, MA | $99,819,486 | $20,241,981 |
Amistad Academy Inc New Haven, CT | $35,461,697 | $16,961,980 |
Foote School Association Inc New Haven, CT | $45,302,394 | $17,181,198 |
Rumsey Hall School Incorporated Washington Depot, CT | $67,305,104 | $16,603,122 |
Dedham Country Day School Dedham, MA | $40,544,639 | $16,952,187 |
Shore Country Day School Beverly, MA | $51,799,692 | $17,689,477 |
Fairfield Country Day School Corporation Fairfield, CT | $23,268,154 | $12,828,375 |
Brookwood School Incorporated Manchester, MA | $33,301,700 | $12,669,241 |
Whitby School Inc Greenwich, CT | $31,145,631 | $13,188,724 |
Cape Cod Academy Inc Osterville, MA | $13,242,497 | $10,612,014 |
The Charles River School Dover, MA | $30,996,715 | $9,587,665 |