Capital Preparatory Schools Incorporated
- Assets
- $6.9m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 30
- Location
- Bridgeport, CT
- Founding
- 05/2012
- Data as of
- 06/2022
- EIN
- 43-4669846
Organization Overview
Capital Preparatory Schools Incorporated is located in Bridgeport, CT. The organization was established in 2012. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 06/2022, Capital Preparatory Schools Incorporated employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Preparatory Schools Incorporated 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, Capital Preparatory Schools Incorporated generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 40.5% each year . All expenses for the organization totaled $5.4m during the year ending 06/2022. While expenses have increased by 48.4% per year over the past 6 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
TO PROVIDE ALL STUDENTS ACCESS TO A HIGH QUALITY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPITAL PREPARATORY SCHOOLS, INC. PROVIDED EDUCATIONAL AND MANAGEMENT SERVICES TO THE FOLLOWING SCHOOLS: CAPITAL PREPARATORY HARBOR SCHOOL, CAPITAL PREPARATORY HARLEM CHARTER SCHOOL, AND CAPITAL PREPARATORY BRONX CHARTER SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Altieri Chief Financial Officer | Officer | 50 | $212,411 |
Jill Cutler-Hodgman Chief Of Staff | Officer | 50 | $212,411 |
Dr Stephen Perry Chief Executive Officer | Officer | 50 | $212,411 |
Tammy Cassile Assistant Superintendent - Student Support Svcs | Officer | 50 | $179,331 |
Dolores Concepcion Exec Dir Of Comm. & Development | Officer | 50 | $166,345 |
Danita Jones Director Of Professional Learning | Officer | 50 | $166,698 |
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 | $2,610,330 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,610,330 |
| Total Program Service Revenue | $2,948,642 |
| Investment income | $0 |
| 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 | $5,558,972 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $357,926 |
| 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. | $1,738,618 |
| Compensation of current officers, directors, key employees. | $640,656 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,149,350 |
| Pension plan accruals and contributions | $31,941 |
| Other employee benefits | $250,591 |
| Payroll taxes | $269,367 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,201 |
| Fees for services: Accounting | $23,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,186 |
| Advertising and promotion | $10,032 |
| Office expenses | $32,509 |
| Information technology | $28,480 |
| Royalties | $0 |
| Occupancy | $98,503 |
| Travel | $38,148 |
| 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 | $3,201 |
| Insurance | $24,230 |
| All other expenses | $0 |
| Total functional expenses | $5,376,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,772,813 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $200,000 |
| 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 | $22,451 |
| Net Land, buildings, and equipment | $5,485 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $300,000 |
| Intangible assets | $0 |
| Other assets | $1,587,176 |
| Total assets | $6,887,925 |
| Accounts payable and accrued expenses | $157,658 |
| Grants payable | $0 |
| Deferred revenue | $1,500,000 |
| 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 | $4,540 |
| Total liabilities | $1,662,198 |
| Net assets without donor restrictions | $4,751,868 |
| Net assets with donor restrictions | $473,859 |
| 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 | $6,887,925 |