University Prep Inc
- Assets
- $2.8m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 60
- Location
- Denver, CO
- Founding
- 05/2011
- Data as of
- 06/2022
- EIN
- 27-1642506
Organization Overview
University Prep Inc, operating under the name University Prep-Arapahoe St, is located in Denver, CO. The organization was established in 2011. 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, University Prep-Arapahoe St employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Prep-Arapahoe St 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, University Prep-Arapahoe St generated $5.3m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $4.7m during the year ending 06/2022. While expenses have increased by 12.6% per year over the past 3 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
UNIVERSITY PREP'S TWO ELEMENTARY SCHOOLS KINDERGARTEN - 5TH GRADE IN NORTHEAST DENVER ARE TUITION-FREE PUBLIC CHARTER SCHOOLS WITH A SIMPLE AND CLEAR MISSION - PREPARE EVERY CHILD FOR A FOUR-YEAR COLLEGE DEGREE AND A LIFE OF OPPORTUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENDITURES SUPPORTED THE K-5 PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenna Copeland Trustee | Trustee | 1 | $0 |
Emily Eikelberner Trustee | Trustee | 1 | $0 |
Tracey Lovett Trustee | Trustee | 1 | $0 |
Nicholas Martinez Trustee | Trustee | 1 | $0 |
Juan Pena Trustee | Trustee | 1 | $0 |
Kimberlee Sia Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $191,243 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $206 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $191,449 |
| Total Program Service Revenue | $5,099,363 |
| Investment income | $1,473 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,301,698 |
| 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. | $101,444 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,051,189 |
| Pension plan accruals and contributions | $410,008 |
| Other employee benefits | $222,250 |
| Payroll taxes | $30,667 |
| Fees for services: Management | $11,146 |
| Fees for services: Legal | $653 |
| Fees for services: Accounting | $13,753 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $585,326 |
| Advertising and promotion | $83,663 |
| Office expenses | $191,885 |
| Information technology | $65,488 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $31,832 |
| 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 | $3,627 |
| Insurance | $28,769 |
| All other expenses | -$423,966 |
| Total functional expenses | $4,707,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,229 |
| Savings and temporary cash investments | $1,767,273 |
| Pledges and grants receivable | $342,982 |
| 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 | $17,180 |
| Prepaid expenses and deferred charges | $4,319 |
| Net Land, buildings, and equipment | $38,736 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $586,674 |
| Total assets | $2,768,393 |
| Accounts payable and accrued expenses | $164,641 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,566,561 |
| Total liabilities | $1,731,202 |
| Net assets without donor restrictions | $1,037,191 |
| 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 | $2,768,393 |