Harvest Preparatory Charter School
- Assets
- $7.2m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 118
- Location
- Minneapolis, MN
- Founding
- Data as of
- 06/2017
- EIN
- 41-1917232
Organization Overview
Harvest Preparatory Charter School is located in Minneapolis, MN. As of 06/2017, Harvest Preparatory Charter School employed 118 individuals. Harvest Preparatory Charter 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 06/2017, Harvest Preparatory Charter School generated $6.1m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $6.3m during the year ending 06/2017. While expenses have increased by 7.9% per year over the past 2 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO INSTRUCT, EMPOWER, ENABLE, AND GUIDE CHILDREN TO ACHIEVE SUPERIOR ACADEMIC, SOCIAL, AND MORAL DEVELOPEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HARVEST PREPARATORY CHARTER SCHOOL PROVIDED EDUCATIONAL SERVICES TO APPROXIMATELY 284 STUDENTS IN GRADES KINDERGARDEN THROUGH FOURTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nerita Hughes Chair | OfficerTrustee | 1 | $0 |
Christina Ashford Vice Chair | OfficerTrustee | 1 | $0 |
Nicolas Styles Treasurer | OfficerTrustee | 1 | $0 |
Brenda Mcdaniel Board Member/teacher | Trustee | 41 | $68,641 |
Teto Wilson Board Member | Trustee | 1 | $0 |
Laquita Love-Limo Parent/board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Minnehaha Transportation Student Transportation | 6/29/17 | $436,644 |
Harvest Network Of Schools Charter Management | 6/29/17 | $406,560 |
Metropolitan Transportation Network Student Transportation | 6/29/17 | $157,052 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,255,399 |
| All other contributions, gifts, grants, and similar amounts not included above | $794,728 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,050,127 |
| Total Program Service Revenue | $14,881 |
| Investment income | $499 |
| 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 | $6,097,035 |
| 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. | $166,443 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,406,911 |
| Pension plan accruals and contributions | $477,889 |
| Other employee benefits | $139,873 |
| Payroll taxes | $191,561 |
| Fees for services: Management | $470,402 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,405 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $322,619 |
| Advertising and promotion | $0 |
| Office expenses | $50,384 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $948,703 |
| Travel | $30,459 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $58,200 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,776 |
| Insurance | $14,697 |
| All other expenses | $4,059 |
| Total functional expenses | $6,252,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,282 |
| Savings and temporary cash investments | $671 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $388,664 |
| 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 | $64,638 |
| Net Land, buildings, and equipment | $87,054 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,614,027 |
| Total assets | $7,217,336 |
| Accounts payable and accrued expenses | $313,977 |
| 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 | $216,502 |
| Other liabilities | $9,162,493 |
| Total liabilities | $9,692,972 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | -$2,562,690 |
| Paid-in or capital surplus, or land, building, or equipment fund | $87,054 |
| Total net assets or fund balances | -$2,475,636 |