Bradford Preparatory School
- Assets
- $44.4m
- Revenue
- $17.0m
- Investments
- $0.0
- Employees
- 262
- Location
- Charlotte, NC
- Founding
- 11/2013
- Data as of
- 06/2023
- EIN
- 46-0751662
Organization Overview
Bradford Preparatory School is located in Charlotte, NC. The organization was established in 2013. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Bradford Preparatory School employed 262 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bradford 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 06/2023, Bradford Preparatory School generated $17.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $16.5m during the year ending 06/2023. While expenses have increased by 14.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BRADFORD IS A COLLEGE PREPARATORY SCHOOL COMMITTED TO ACADEMIC EXCELLENCE, NURTURING PERSONAL RELATIONSHIPS, AND INSPIRING A GROWING PASSION FOR CREATIVITY AND LEARNING IN ALL OF OUR STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PUBLIC CHARTER SCHOOL FOR THE EDUCATION OF CHILDREN IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Painter Executive Director | OfficerTrustee | 40 | $129,828 |
Brenda Robinson Finance Director | OfficerTrustee | 40 | $103,815 |
Karin Drescher Operations Director | OfficerTrustee | 40 | $103,727 |
Stephen Gay Head Of School | OfficerTrustee | 40 | $69,229 |
Britany Blaney Chair | Trustee | 2 | $0 |
Jason Darling Vice Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,803,166 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,867 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,825,033 |
| Total Program Service Revenue | $793,635 |
| 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 | $17,012,811 |
| 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. | $406,599 |
| Compensation of current officers, directors, key employees. | $277,238 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,285,480 |
| Pension plan accruals and contributions | $263,063 |
| Other employee benefits | $921,859 |
| Payroll taxes | $672,478 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,275 |
| Fees for services: Accounting | $18,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28,692 |
| Office expenses | $96,757 |
| Information technology | $121,818 |
| Royalties | $0 |
| Occupancy | $153,656 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,018 |
| Interest | $1,881,966 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $883,869 |
| Insurance | $78,137 |
| All other expenses | $885,233 |
| Total functional expenses | $16,498,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,872,200 |
| Savings and temporary cash investments | $851,960 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $117,388 |
| 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 | $95,991 |
| Net Land, buildings, and equipment | $40,474,428 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $44,411,967 |
| Accounts payable and accrued expenses | $543,414 |
| Grants payable | $0 |
| Deferred revenue | $686,970 |
| 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 | $39,130,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $40,360,384 |
| Net assets without donor restrictions | $4,051,583 |
| 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 | $44,411,967 |