Vocatio Career-Prep High School
- Assets
- $253.5k
- Revenue
- $676.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Philadelphia, PA
- Founding
- 04/2016
- Data as of
- 06/2023
- EIN
- 47-3319060
Organization Overview
Vocatio Career-Prep High School is located in Philadelphia, PA. The organization was established in 2016. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2023, Vocatio Career-Prep High School employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vocatio Career-Prep High 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, Vocatio Career-Prep High School generated $676.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 39.7% each year . All expenses for the organization totaled $495.0k during the year ending 06/2023. While expenses have increased by 33.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
VOCATIO CAREER PREP HIGH SCHOOL IS A CHRIST-CENTERED SCHOOL TO HELP PROVIDE A QUALITY, COMPREHENSIVE ACADEMIC/VOCATIONAL PROGRAM THAT WILL PLACE YOUNG MEN AND WOMEN INTO A POST-SECONDARY EDUCATIONAL INSTITUTION OR ONTO A SUCCESSFUL CAREER PATH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FALL AND SPRING PROGRAMS HELD FOR HIGH SCHOOL STUDENTS: STUDENTS ARE GIVEN ENRICHMENT IN COLLEGE PREP, COLLEGE VISITS, READING AND MATH. IN ADDITION, STUDENTS CHOOSE CAREER ORIENTED EXPLORATORY CLASSES IN FIELDS SUCH AS WELDING, CARPENTRY AND DIGITAL MEDIA ARTS. VOCATIO TEACHES HIGH SCHOOL STUDENTS "WORK ETHICS- AND INDIVIDUAL RESPONSIBILITY AND PROVIDES OPPORTUNITIES FOR COLLABORATIVE COMMUNITY PROJECTS. THE COMMUNITY BENEFITS FROM THESE PROJECTS THAT INCLUDE MURALS, COMMUNITY GARDENS, BLOCK CLEAN- UPS, WELDING PROJECTS, CARPENTRY, HEALTH AWARENESS, AND OTHER PROJECTS. THE ORGANIZATION RECEIVED 68,545 AS IN-KIND RENT AND 1,344 IN DONATED INTERNET WHICH WERE NOT INCLUDED FOR THE PURPOSE OF 990 REPORTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanne Chao President | OfficerTrustee | 3 | $0 |
Andrew Kim DMD Treasurer | OfficerTrustee | 3 | $0 |
R Todd Mangum PHD Secretary | OfficerTrustee | 3 | $0 |
Andy Kim Board Member | Trustee | 3 | $0 |
Mario Pagan Board Member | Trustee | 3 | $0 |
John B Joseph Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,997 |
| Related organizations | $0 |
| Government grants | $75,874 |
| All other contributions, gifts, grants, and similar amounts not included above | $357,317 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $441,188 |
| Total Program Service Revenue | $212,500 |
| Investment income | $231 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,515 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$9,115 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $676,135 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $210,175 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $57,000 |
| Compensation of current officers, directors, key employees. | $17,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,153 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,011 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,818 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,285 |
| Advertising and promotion | $0 |
| Office expenses | $6,418 |
| Information technology | $3,156 |
| Royalties | $0 |
| Occupancy | $15,540 |
| Travel | $120 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $316 |
| Interest | $13,974 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,516 |
| Insurance | $4,193 |
| All other expenses | $15,762 |
| Total functional expenses | $495,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,186 |
| Savings and temporary cash investments | $82,366 |
| Pledges and grants receivable | $0 |
| 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 | $1,545 |
| Net Land, buildings, and equipment | $67,430 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $253,527 |
| Accounts payable and accrued expenses | $703 |
| 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 | $157,888 |
| Unsecured mortgages and notes payable | $16,000 |
| Other liabilities | $62,412 |
| Total liabilities | $237,003 |
| Net assets without donor restrictions | $16,524 |
| 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 | $253,527 |